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

----''---'--'238MINUTE BOOK No. 14, CITY OF OXFORD-----."~--.-.DEMENT - MERIDIANSEC':'Ion 2. Tho.t, pursuant tc the rrovis::'ens of House :Sill Ho.76 of the Legislature ef the state of Hississippi, anproved April 1~, 1950,ef~ective Jul;)' 1, 1950, there skIll be an(l tl~eI'e ~:re hereby autLorized,I Iordered and directed to be issued t}:e Y'_egotiable special atreot inrrOVeI'lentnotes of the City of Oxford, l-1ississ:l ppi, in the aPlOlm,t of T'.1o ElL"1c1rec1 Fifty-Eight Thousand Dollars ($258,000) for tLe purrose cf praridiLC funds l:,o ray',oth the abutting property o"mers tshare of tl:e cost an(l the City of Oxford'ssharp- of the cost of makin:~ certc.:tn :ir:Y',ro're::-1ents on the str~,ets in. ,SD.10 Cityas set forth c.n(l described in the rreamtle to this ordinance.The said r~otcsshall be d.':'ted DeceYIiber 1, 1950; shall be l;lJlnbered frora One (1) fo Fifty-Ti';o(52), both inclu::::i.ve; .'mel shall be of the denomination ef Five Thot:sand Dollars($5,000) each, except note N~.l '.l:\ich shall 00 of the denor.,ination of ThreeThousand Dollars (~~3,OOO).The said notes shall bear interest at the rateof two per centun (2~)per anmlP £'rOT1 d?te -l:hereof lLl1tll paid, payable atthe matuxi ty of said notes. Soth the rrincipal of 3.nc1~r>einterest on sflidnotes shall be pa:-ab 'e in l"uful money of t}~oUnited St"tes of Anerica c\t U:eUn~.onPbnters National BaYiJ: and Trl1st Compa!'lY, in the CitJ' of Her:1phis, Sto.tcof' Tennessee.The 81'dd notes shall be executed by the Ifayor, r:01Jnte:r':l~El1ec1by the Cit~rClerk of said CHy, under the corrore.to sa01 cf the sal.d City.The s'Clid notes shall matl)re in -!J:e amOlmts and at. tho tim€) fol10Hiq;, to-u~t:lTCTE 1:-Ul~1:W~S {\.:;CU1:T HAlFErTY1 to 26, incl. ~~12P ,000 December 1, 195127 to 52 incl. 1,30,000 Dece;~lber 1, 19523ECTIcn 3. That the said Special Street Improvenent Kotes and thecertificate to be endorsed on the -reverse thereof shall be in substantiallytLo followinG form, to-Hii,:U1TITED STATES CF lL:ERICAST,W:2 CF llISSISSIPPIceUl~T-OF LAFAYE7'l'EOF OJ:FCHD2%SPEC: AL STREET I11PHCV}]T:;l:'I' lJe,:':s CF 1950Ho.!,..?----~---~----.,-The City of' Oxford, in the Ceunty of Lafe.yette, St2te ofNississiIJpi, acknowledges itself indebted and, for value received,hereby pronises to pay to bearer_______ .~ ___ TIICTSri7~DDOLLfl.HS