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

-----------~"-'--"~~'"'-~'~'-"-"'-- ---'~~~-~~-- ---~---~ - - - ~-- "------~' ~-- ""-------~~-'- - -~--------------,,---~' --~-~--- -~------.( 272MINUTE BOOK No. 14, CITY OF OXFORD~--~---,.-CEMENT - MERIDIA.Nafor~saidproposition, and to issue such bonds in the event that the proposalfor the issuance thereof be assented to by 3/5ths of the qualified electorsof the District voting on such proposition at such election, and providingthat the amount of such indebtedness, \-Then added to all of the outstandingbonded indebtedness of the ctistrict, shall not exceed 15 per centum of allassessed value of the taxable property within the district according to thelast completed assessment for taxation; andWhereas the assessed value of taxable property within the said OxfordMunicipal Separate School District, according to the last completed assessmentfor taxation was as follows:Real Estate $3,062,835.00Personal Property $1,373,983.00Public Utility Property $182,815.00TOTAL $4,619,633.00 ; andWhereas the said School District at this time has the follo\>Ting outstandingbonded indebtedness, to-wit:SCHOOL BONDS ISSUED BY THE OXFORD InmICIPAL SEPARATE SCHOOL DISTRICTDATE OF ISSUEA110UNT OUTSTANDINGNONESCHOOL BONDS ISSUED BY THE CITY OF OXFORDDATE OF ISSUEAl~UNTOUTST AImING6-1-282-1-38 &8-1-386-1-38TOTAL$12,000.007,000.003.000.00~p22, 000 • 00and,Whereas the amount of bonds hereinafter proposed to be issued, '·Thenadded to the aforesaid outstanding bonded indebtedness, will not result inthe imposition on any of the property within said school district of anindebtedness for school purposes of more than fifteen per centum of the assessedvalue of the taxable property \-,Uhin said district according to tho lastcompleted assessment for taxation, regardless of whether any such indebtednessshall have been incurred by such district or ~Jany other school district ordistricts; andWhereas, the Mayor and Board of Aldermen of the City of Oxford donow determine that the aforesaid request of the Oxford Municipal SeparateSchool District should be complied with and that a special election shouldbe called, at which the aforesaid proposition may be submitted to the