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

23~i----------------------------------------------~~~OnrrNT - MEtHOiAfl>->-~-'=-> -> .-'-'-"---'---- :---'-~MINUTE BOOK No. 14, CJ.TV Of OXFORD.----"'_-""--''-__''-''_____-'-___> C_"_' _.___.,C_'-' -- ..------:....:..-----...:-.-:.-->-"'-"($,--- ___ ) on th~ first day of December, 19 ____ , together with interestthereon from date hereof at the rate of two per centum (2%) per annum,I1payable at the maturHy of this note.Both principal of and interest on this note are payable inlawful money of the United states of America at the Union PlantersNational Bank & Trust COr.1pany, in the City of Memphis, State of Tennessee,and for the prompt payment thereof, both principal and interest,as they severally mature and become due, the full faith, credit andresources of the City of Oxford, and the special assessments to belevied against property abutting on the streets or parts thereof, forthe improvements of which this note is issued, '~rehereby irrevocablypledged.This note is one of a series of fifty-two (52) notes of likedate, tenor and effect, except as to denomination and maturity, mumberedfrom One (1) to Fifty-two (52), inclusive, aggregating the principal sumyof Two Hundred Fifty-Eight Thousand Dollars ($258,000), issued to pay theabutting property owners' share and the City of Oxford's share of the costof making special improvements on certain streets or parts thereof in saidCity as more ful~ set forth and described in an ordinance of said Cityentitled "A.:r:m ORDINANCE Al.!':'HOnIZING AIID DIP.ECTIHG ,THE ISSUANCE OF THOHUNDRED FIFTY-- EIGHT THCUSAND DOLLARS ($258,000) SPECIAL STREET IMPEOVEHENTNOTES OF THE CITY OF OXFORD, MISSISSIPPI;PP..ESCRIBED THE FORH AND DETIi.ILSOF SUD NOTES, DJREC'l'HJG THEIR EXECUTION AND DELIVERY, AND P:r..OVIDING FORTHE FAYJ.lENT THEREOF, BOTH PRINCIPAL AND INTEREST," passed and approved onthe 22nd day of November , 1950, and is issued under and pursuant to andin full comrliance with the Constitution and Statutes of the State ofMississippi, including, among others, House Bill No. 76 of the Legislatureof the state of Mississippi, approved Ap~Ll 18, 1950, effective July 1,1950, and pursuant to the aforesaid ordinance and to proceedings andresolutions of the Mayor and Board of Aldermen of said City of Oxfordduly and legal~ had and adopted.It is hereby certified, recited and declared that all acts,conditions and things required to exist, to happen and to be performed,precedent to and in the issuance of this note, in order to make the samea valid and binding obligaticn of said City of oxford, have existed, havehappened and have been performed in due time, form and manner, as requiredby law; that this note and the issue of which it forms a part, togetherwi th all other :i nde btedness of said City of Oxford nov! existing, does notexceed any constitutional or statutory debt limit.