4 - City of Oxford

97768-
MINUTE BOOK No. 24, CITY OF OXFORD
PRESCRIBING THE FORM AND INCIDENTS OF SAID BONDS; PROVIDING FOR THE COLLECTION
AND DISTRIBUTION OF THE REVENUES TO BE DERIVED FROM THE SAID SYSTEM IN AN AMOUN
SUFFICIENT TO PAY SAID BONDS BOTH AS TO PRINCIPAL AND INTEREST, AND TO PAY THE
COST OF OPERATION AND MAINTENANCE OF SAID SYSTEM," adopted and approved on the
third day of June, 1958, also the provisions of an ordinance of said City en-
titled "AN ORDINANCE AUTHORIZING AND DIRECTING THE ISSUANCE OF ELECTRIC DISTRI-
BUTION SYSTEM REVENUE BONDS OF THE CITY OF OXFORD, MISSISSIPPI, INTHE PRINCIPAL
AMOUNT OF TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000) FOR THE PURPOSE OF PAY-
ING THE COST OF ENLARGING, IMPROVING, AND EXTENDING THE ELECTRIC DISTRIBUTION
SYSTEM OF SAID CITY; PRESCRIBING THE FORM AND INCIDENTS OF SAID BONDS; PROVIDIN
FOR THE COLLECTION AND DISTRIBUTION OF THE REVENUES TO BE DERIVED FROM THE SAID
SYSTEM IN AN AMOUNT SUFFICIENT TO PAY SAID BONDS BOTH AS TO PRINCIPAL AND INTER-
_
EST, AND TO PAY THE COST OF OPERATION AND MAINTENANCE OF SAID SYSTEM," adopted
and approved on the Itth day of June, 1963, and theprovisions of an ordinance of
said City entitled "AN ORDINANCE AUTHORIZING AND DIRECTING THE ISSUANCE OF ELEC
TRIC REVENUE BONDS OF THE CITY OF OXFORD, MISSISSIPPI, IN THE PRINCIPAL AMOUNT
OF TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000) FOR THE PURPOSE OF PAYING THE
COST OF ENLARGING, IMPROVING, AND EXTENDING THE ELECTRIC DISTRIBUTION SYSTEM
OF SAID CITY; PRESCRIBING THE FORM AND INCIDENTS OF SAID BONDS; PROVIDING FOR
THE COLLECTION AND DISTRIBUTION OF THE REVENUES TO BE DERIVED FROM THE SAID
SYSTEM IN AN AMOUNT SUFFICIENT TO PAY SAID BONDS BOTH AS TO PRINCIPAL AND INTER
EST, AND TO PAY THE COST OF OPERATION AND MAINTENANCE OF SAID SYSTEM," adopted
and approved on the 17th day of October, 1967, and the lien of the revenue bond
therein provided for; which said lien is hereby recognized as being on a pari-
ty with the liem which secures the bonds herein directed to be issued.
SECTION 15. That if any section, paragraph, clause or provision of this
ordinance shall be held to be invalide, the invalidity of such section, para-
graph, clause or provision shall not affect any of the remaining provisions
of this ordinance.
SECTION 16. That all ordinances, resolution, or parts thereof, in conflic
herewith are, to the extent of such conflict only, repealed.
SECTION 17. That the bonds herein authorized having been contracted to
be sold on the 5th day of August, 1969, subject to prompt delivery to the pur-
chasers thereof, an emergency exists and this ordinance shall be in force and
effect, immediately after its passage and approval.