4 - City of Oxford

2
97768—mumwomnia
STATE OF MISSISSIPPI
COUNTY OF LAFAYETTE
CITY OF OXFORD
MINUTE BOOK No. 24, CITY OF OXFORD
(FORM OF REGISTRATION CERTIFICATE)
I certify that this note has been duly registered by me in a book kept in
my office for said purpose.
y of Oxf r --Mississippi
Municipal Clerk
SECTION 3. It is further ordered that said sum of $18,000.00, when bor-
rowed shall be deposited in the municipal treasury in a special fund to be en-
titled "Special Transportation Equipment Fund," and which shall be used and
expended by the Board of Trustees of the municipal separate school district to
establish, erect, and equip school his shops or garages as set forth in the
said resolution and petition of said Board of Trustees in the said resolution
and petition of said Board of Trustees under such rules and regulations as may
be prescribed by the State Board of Education and for no other purpose, and
said funds shall be paid out on warrants issued in the manner provided by law
upon order of the Board of Trustees of such district.
SECTION 4. It is further ordered that the principal and interest of said
notes or bonds shall be paid out of such transportation funds of the said
municipal separate school district, and it shall be the duty of the Board of
Trustees of said municipal separate school district to set aside each year out
of such transportation funds of said district an amount sufficient to pay the
principal and interest upon the said notes or bonds as and when the same shall
respectively mature and accrue. The Board of Trustees of said municipal se-
parate school district shall include in the school budget each year separate
' items showing the amount required for the payment of the principal of, and the
interest on, all notes and bonds issued.
SECTION 5. Said notes shall in all respects be issued as provided in
Chapter 18, Laws of Extraordinary Session of 1953, as now or hereafter amended,
and all the provisions of such statute shall be fully applicable thereto.
The above resolution was previously reduced to writing and was read and
considered, section by section, and was adopted by the following vote to-wit:
Alderman McLaurin voted..Aye
Alderman Hannaford voted.Aye
Alderman Sisk voted lye
Alderman King voted Aye
Alderman Owens voted Aye
The above resolution and order having received the affirmative vote of all
the members of the Board present, the Mayor declared the motion carried and the
resolution and order adopted on this the 5th day of March, 1968.
Ii