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

.~ ..rf -~~, •• , ~ ••,-.---~'"--"-.. -- ..,-----.---.~-.-.. -OEM tNT ..:. MERIDIAN'_ ,___-I!-~.c..,.___ ,_ .....--,... ----_..._.. _-- --"---- ---- _MINUTE BOOK No. 14, CITY Qf OXFORD..-._-46~-Whereas the assessed value of the taxable property within the saidOxford 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$4,619,633.00Whereas the said School District at this time has the followingoutstanding bonded indebtedness, to-wit: ,SCHOOL BONDS ISSUED BY THE OXFORD SEPARATE SCHOOL DISTRICTDATE OF ISSUEAMOUNT OUTSTANDINGNONESCHOOL BONDS ISSUED BY THE CITY OF OXFORD, MISSISSIPPIDATE OF ISSUE6-1-282-'1-38 &8-1-386-1-38TotalM10UNT OUTSTANDING$8,000.00$6,000.00$2.000.00$16,000.00and,Whereas the amount of the bonds hereinafter proposed to be issued, whenadded 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 theassessed value of the taxable property within said district according tothe last completed assessment for taxation, regardless of whether atly'suchindebtedness shall have been incurred by such district or by any other schooldistrict or districts; andWhereas, the Mayor and Board of Aldermen of the City of Oxford donow determine that the aforesaid request of the Oxford Separate SchoolDistrict of Lafayette County, Mississippi should be complied with and thata special election should be called, at which the aforesaid proposition maybe submitted to the qualified electors of said district;NOW, THEREFORE, BE IT RESOLVED BY THE NAYOR AND BOARD OF AIDERMEN OFTHE CITY OF OXFO~, MISSISSIPPI AS FOLUlWS:Section 1. That the Mayor and Board of Aldermen of the City of Oxford,Mississippi do hereby declare their intention, to issue the bonds of the OxfordSeparate School District of Lafayette County, Mississippi in the amount ofThree HUndred and Fifty Thousand Dollars ($350,000.00) for the purposes oferecting, repairing, equipping, remodelling and enlarging school buildingsand related facilities, including auditoriums, lunch rooms, vocationaltraining building and libraries •L. _U ___ '.".