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

473MINUTE BOOK No. 14, CITY OF OXFORD~bl~"MeNr - MERibfAN(FORM OF INTEREST COUPONS)No. ____ _JUlie,On the first day of Deoember, 19· ___ , the City of Oxford, Mississippi,promises to pay to bearer ____________($___._) in lawful money or.the United States of Amerioa at the Union Planters National Bank & Trust Company,in the City of Memphis, State of Tennessee, being interest due that date on itsRefunding Speoial Street Improvement Bond of 1951, dated Deoember 1, 1951, andnumbered ____ •CITY OXFORD, MISSISSIPPI,"CitY Clerk ~On the reverse of each of said bonds there shall appear a registrationand validation certificate in substantially the following form:STATE OF MISSISSIPPI)) SSeCOUNTY OF LAFAYETTE )I, Robert W. Hickey, City Clerk within and for the City of Oxford, inIBfayette County, Mississippi, do hereby oertify that the wi thin bond has beenregistered in a oook kept in ~ offioe for that purpose, as required b.Y law.I do further oertify that the within bond has been ~alidated and oonfirmedby devree of the Chanoery Court of Lafayette County, Mississippi, renderedon the ____ day of _____ ._, 19 ___ •il ISECTION 5. That there shall be and there is hereby direoted to beassessed, levied and oolleoted, at the same time and in the same manner as othergeneral oity taxes of the City of Oxford, Mississippi, are assessed, levied andoolleoted, a direct annual tax upon all taxable property in said City sufficientin amount to provide for payment of the interest on the bonds herein authorizedto be issued as it aoorues, and to provide for the payment of the prinoipalof said bonds as the same matures. Provision for the levy and collection of suohtax shall annually be made, and the rate of taxation fixed in each year shall besufficient, after making due allowance for delinquencies in the payment of taxesand the costs of oollection, to pr~vide,net, the sums required each year for thepayment of interest and principal, as aforesaid. Should there be a failure in anysuch year to oomply with the requirements of this seotion, suoh failure shall not-'1 ~impair the right of the bondholders or the duty of said City in any subsequentr II'III _ ______ _ 1)'! i_____ .._.__ ~. ____• ____ i