4 - City of Oxford

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9776 13.--wrommumm
MINUTE BOOK No. 24, CITY OF OXFORD
NOTICE OF BOND SALE
$750,000
SCHOOL BONDS
OF THE
OXFORD MUNICIPAL SEPARATE SCHOOL DISTRICT
LAFAYETTE COUNTY, MISSISSIPPI
Sealed proposals will be received by the Mayor and Board of
Aldermen of the City of Oxford, Mississippi, at the office
of the City Clerk, in the City Hall in said City, until the
hour of 7:00 o'clock P. M., on Tuesday, the 19th day of
August, 1969, at which time said bids will be publicly opened
for the purchase, at not less than par and accrued inter-
est, of the above bonds of the Oxford Municipal Separate School
District.
Said bonds are to bear date of September 1, 1969, are to be
of the denomination of $1,000 each, and shall bear interest
at a rate or rates to be determined pursuant to sale of said
bonds, payable March 1, 1970, and semi-annually thereafter on
September 1 and March 1 in each year. Both principal of and
interest on said bonds will be payable at a place to be designated
by the purchaser, subject to approval by the Mayor
and Board of Aldermen, and said bonds shall mature serially,
without option of prior payment, on March 1 in each of the
years as follows:
$15,000 in 1970 through 1974
$30,000 in 1975 through 1984
$37,000 in 1985 through 1989
$38,000 in 1990 through 1994
Bidders are requested to designate in their bids the price they
will pay for bonds bearing interest at a rate or rates likewise
to be designated in their bids; provided, however, that all bonds
of the same maturity shall bear interest at the same rate, which
shall be a multiple of either one-eighths of one per centum (1/8
of 1%) or one-tenth of one per centum (1/10 of 1%).
Proposals should be address to the Mayor and Board of Aldermen,
should be plainly marked "Proposal for School Bonds,"
and should be filed with the City Clerk on or prior to the date
and hour hereinabove named. Each bid must be accompanied by a
cashier's check, certified check, or exchange, payable to the
Oxford Municipal Separate School District of Lafayette County,
Mississippi, in the amount of Fifteen Thousand Dollars ($15,000),
as a guarantee that the bidder will carry out his contract and
purchase the bonds if his bid be accepted. If the successful
bidder fails to purchase the bonds pursuant to his bid and contract,
the amount of such good faith check shall be retained
by the District and shall be paid into the treasury of said
District.
The Mayor and Board of Aldermen reserve the right to reject any
of all bids.
These bonds are offered subject to the unqualified approval of the
legality thereof by the law firm of Charles and Trauernicht of St.
Louis, Missouri. The District will pay all expenses incident to
the bond issue. Delivery of the bonds will be made to the purchaser
on or before theexpiration of sixty days from and after the
date of sale, at a place to be designated by the purchaser and
without cost to the purchaser.
By order of the Mayor and Board of Aldermen of the City of Oxford,
Mississippi, this 5th day of August, 1969.
City