Book 14 (January 1950 - July 1954) - City of Oxford

231\MIN_UTE BOOK No. 14, CIJY Of OXFORD~---~----- ---IinIENl'=f,fE~I~IA~ .,------,- ---,--..,.,-:--' '-_--~, -,,----, ---, ---,---,----------- -,----~7,, __'--""==-'''''',--'-' -'''--,- -'---r--, ____ ~ ____ 1 .. _ -'-__ .. __ "'-__' - '_-'-____ -' ___ .. __ -'-''''_ '-'--'-____ = ____ -'-''-' ,_'- -===;;===HHEREAS, mder the provisions of House Bill No. 76 of the LeGislatureof the state of Mississippi, ?-pproved April Ie, 1950, effective July 1, 1950,the 11o.yor and Board of Aldermen of said City are now authorized to borrmv moneyto pay the costs cf the aforesaid improvements and to issue negotiable notes,certificates of indebtedness, or special street improvenents bonds therefor; andHTrEREAS, under the aforesaid House Bill No. 76, the said obl:5.gationsmay be issued at any time after the estimated cost of the special improvementsshall have been made and ascertained by the governing authorities of the municipality;andimEHEAS,in the opinion of the Hayor and Board of Aldermen of said Cityof Oxford it has nOll become necessary to make provision for the borrOi.Jing of moneyfor the aforesaid purpcses; andHHEHEAS, the assessed valuation of te.xa ble proT_erty wi thin the City ofOxford, Nississippi, as ascertained by the last completed assessment, is as follOllS:Real estate ......................•........... C3, 0(.5,535.00Personal property •••••••••••••••••••••••.•••• $1,329,433.00Utilities~~•••••••••••••••••••••••••••••••••••• "pTOTAL •••..•••••.•••. $f, 53,l,2e? .00o.nd~nIEHEAS,the said City of OY..ford nOIT has outsta.ndinG indebtedness in(~il~5~4~.~OQ~0~.~O~0 ____ ); andllHEHEAS, the aforesaid outstanding jnde~}tednessis exclvsive of indebtednessincurred for school purposes and :i.ndebtedness incurred for water and electricpurposes; andmmnE\S, the amount of special street improv8T:ient notes hereinafterdirected to be issued, v!hen added to the aforesaid outstanding 5ndebtedness, willnot in the aggregate exceed fifteen per centum (15%) of the aforese.ic1 assessedvaluation; andvn-tEHEAS, the Hayor and Board of Aldermen of said City of Oxford do nmlfind and determine tr..at they are fully authorized and enpovlered to direct theiSGuance of negotiable street iP1proYenent notes as hereinafter provjded;NOH, THEHEFOIiE, BE IT ORDAINED BY TEE HAyeR AHD BO,\PJ) OF ALDEmIENlOF TI:E CITY eF OXFORD, lITSSISSIPPI, AS FOLLOlIS:Section 1. That all of the findings of fact T1f'.de [md set forthin the preamble to this ordinance osh8.:11 be and the same are hereby declaredto be true and correct.