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

472MINUTE BOOK No. 14, CITY OF OXFORDDEMENT - MERIDIANment of this bond and the interest thereon as and when the same matures and accrues,the full faith, credit and resources of the City of Oxford, Mississippi, are herebyirrevocable pledged.This bond is one of a series of one hundred one (101) bonds, numberedfrom One (1) to One Hundred One (101), inclusive, all of like date, tenor andeffect, except as to denomination and date of maturity, aggregating the principalamount of One Hundred Thousand, Four Hundred Eighty-five Dollars and Eighty-fourCents ($100,485.84), issued under the authority of the Constitution and Laws ofthe state of Mississippi, including Chapter 495, Laws of Mississippi, 1950, andTitle 18, Chapter 2, Article 2, Sections 4358 to 4370, inclusive, of the MississippiCode of 1942, and pursuant to an ordinance duly adopted and proceedings dulyhad by the Mayor and Board of Aldermen of said City of Oxford, for the purpose oftaking up and redeeming a like principal amount of outstanding bonded indebtednessof said City.It is hereQy certified, recited and represented that all acts, conditionsand things required to exist, to happen, and to be performed precedent toand in the issuance of this bond,in order to make the same a legal, valid andbinding obligati~n of the City of Oxford, do exist ,have happened, and have beenperformed in regUlar and due form, time and manner, as required Qy law; that inthe event this bond or the issue of Which it is one should ever be held to be invalidQy any court of competent jurisdiction, the holder or holders of this bondand of the issue of which it is one, shall be subrogated to all of the rights andprivileges against the said City of Oxford had and possessed Qy the holders of thebonded indebtedness which is refunded by this issue; that due porvision has beenand will be madefor the levy and collection of a direct an-nual tax upon all taxableproperty within the City sufficient to pay the interest on this bond asit accrues and to provide for the payment of this bond at maturity, and, in additionthereto, there are also pledged the assessments made and levied and to be madeand levied upon and against prope~y abutting on the streets described in the ordinancepursuant to which the aforesaid refunded indebtedness was incurred; and thatthe issue of bonds of which this bond is one, together with all other indebtednessof said City, does not exceed any limitation prescribed Qy the Constitution andStatutes of the State of Mississippi.IN TESTIMONY WHEREOF, the City of Oxford, MissiSSippi, has executedthis bond Qy causing it to be signed Qy the Mayor of said City, countersignedQy the City Clerk, under the seal of said City, and has caused the annexed interestcoupons to be executed Qy the facsimile signatures of said officers, andthis bond to be dated the first day of December, 1951CITY OF OXFORD, MISSISSIPPI,Countersigned:~~Yw;!!;kJ:ry