4 - City of Oxford

97768 —aluommurm
MINUTE BOOK No. 24, CITY OF OXFORD
A RESOLUTION DECLARING THE NECESSITY FOR THE ISSUANCE
OF PONDS OF OXFORD MUNICIPAL. SEPARATE SCHOOL. DISTRICT
TN THE MAXIMUM AMOUNT OF SEVEN HUNDRED FIFTY THOUSAND
AND NO/100 DOLLARS ($750,000.00) FOR TUE PURPOSE OF
PURCHASING ADDITIONAL LANDS FOP SCHOOL PURPOSES, ERECT_
INg AND EQUIPPING AN ELEMENTARY SCHOOL, AND RELATED
FACILITIES THEREFOR, PROVIDING NECESSARY WATER, LIGHT,
HEATING AND SEWAGE FACILITIES THEREFOR AND FOR THE
SCHOOLS TN SAID DISTRICT.
WHEREAS, following due investigation and consideration it has been found
and determined that it is necessary to issue bonds of Oxford Municipal Separate
School District in the maximum amount of Seven Hundred Fifty Thousand and NO/100
Dollars ($750,000.00) for the purpose of purchasing additional lands for school
• purposes, erecting and equipping an elementary school and related facilities
therefor, providing necessary water, light, heating and sewage facilities there-•
for and for the schools in said district, no funds being available in the school
funds of the district or from any other source with which to accomplish such purl
poses hereinabove setforth; and
WHEREAS, under the provisions of Section 6512-04 et seq., Mississippi Code
of 1942, Annotated, Recompiled, as amended, it is the duty of the Mayor and Board
of Aldermen of the City of Oxford, Mississippi, to adopt a resolution calling
an election to be held within the school district for the purpose of submitting
to the qualified electors thereof the question of the issuance of said bonds,
as aforesaid, when this Board adopts a proper resolution making such request
under the aforementioned Sections:
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF OXFORD MUNICIPAL'
SEPARATE SCHOOL DISTRICT, AS FOLLOWS:
SECTION 1. The Mayor and Board of Aldermen of the City of Oxford, Mississ-
ippi, are hereby requested to call an election under the aforementioned Sections
to determine whether or not the bonds of said school district shall be issued
for the purposes hereinabove set forth. in the maximum amount of $750,000.00,
SECTION 2. That a copy of this resolution, duly certified by the President
and Secretary of this Board. shall forthwith he filed with the Mayor and Board
of Aldermen of the City of Oxford, Mississippi.
The motion to adopt the foregoing resolution was duly seconded and the
question being put to a roll call vote, the result was as follows:
Trustees voting Aye: Mr. Bunch
Mr. Downs
Mr. Loveladv
Mr. Morgan
Rev. Redmond
Trustees voting Nay: None
Trustees absent: None