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

MINUTE BOOK No. 14, CITY OF OXFO,RDSection 2. That said loan shall be evidenced b,y one promissory notesigned by R. X. Williams, as Mayor, and R. W. Hickey, as City Clerk; saidnote shall be in the amount of Ten Thousand Dollars ($10,000.00), payableon or before March 15, 1952. The form of said note shall be as follows, to wit:CURRENT EXPENSE NOTE.No. __________________$10.000.00 30 November 1951On or before 15 ~~rch 1952, the City of Oxford, Mississippi, onI.Jbehalf of the Oxford Separate School District of Lafayette County,Mississippi, promises to pay to theFirst National ~ru_, or order,the sum of Ten Thousand Dollars ($10,000.00), to ~ther with interestat the rate ____ 4 ____per centum per annum trom date untilpaid. This note is issued under and b,y virtue of Section 6532-13 ofthe Mississippi Code of 1942 and shall be repaid out of the first moneyscollected by reason of the current tax levy of ad valorem taxes for thesupport of said school district and the amount hereby borrowed does notexceed 50% of the anticipated, but now uncollected, revenue to be producedb.Y the current levy of ad valorem taxes for the support of said schooldistrict.CITY OF OXFORD, MISSISSIPPI( SEA L ) By R. X. Williams, MayorAttest:R. W. Hickey, City ClerkAlderman H. S, S 18kseconded the motion to adoptthe foregoing resolution, and the question being put to a roll callvote it received the affirmative vote of all members present and theMayor declared the motion unanimously carried and the resolution adopted.lsI R. X. Williams____ , MayorlsI Robert W. Hickey . ____ ,_, City Clerk**********************