4 - City of Oxford

97768— wawa-Ream
MINUTE BOOK No. 24, CITY OF OXFORD
WHEREAS, the Engineer for the City of Oxford has made and filed with
the City Clerk his estimate of the cost of constructing the aforesaid special
improvements, including engineering and inspection costs and other costs nec-
essary and incident to the construction of said improvements and in the issuance
of the bonds hereinafter provided for; and
WHEREAS, the aforesaid estimate shows that the total cost of the
aforesaid improvements on South 9th Street, including interest to accrue while
the aforesaid improvements are under construction and for six months thereafter,
actual engineering costs, and all costs for the issuance of bonds to finance
the cost of said improvements will be Eight Thousand Dollars ($8,000), all of
which is to be assessed against the property abutting on said improvements; and
WHEREAS, the Mayor and Board of Aldermen of said City of Oxford, by
and under the provisions of Chapter 495, Laws of Mississippi of 1950, as amended,
are authorized to borrow money for the purpose of constructing the aforesaid
special improvements on the streets hereinabove described and paying costs nec-
essarily incidental thereto, and to issue Special Street Improvement Bonds of
said City therefor; and
WHEREAS, the Mayor and Board of Aldermen of said City do now find
and determine that, in order to provide funds for the construction of the a-
foresaid special improvements and to pay the costs necessarily incidental there-
to, it will be necessary to issue the Special Street Improvement Bonds of said
City in the amount of Twenty-five Thousand Dollars ($25,000); and
WHEREAS, the Mayor and Board of Aldermen of said City of Oxford are
now fully authorized and empowered to direct the issuance of bonds of said
City as aforesaid:
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF ALDERMEN OF
THE CITY OF OXFORD, MISSISSIPPI, AS FOLLOWS:
SECTION 1. That all of the findings of fact made and set forth in
the preamble to this resolution shall be and the same are hereby declared to
be true and correct.
SECTION 2. That, pursuant to the provisions of Chapter 495, Laws
of Mississippi of 1950, as amended, there shall be and there are hereby author-
ized and directed to be issued the negotiable coupon bonds of the City of Oxford,
Mississippi, in the amount of Twenty-five Thousand Dollars ($25,000), to be
known as Special Street Improvement Bonds," for the purpose of providing funds
to pay the cost of making certain improvements on the streets of said City as
set forth and described in the preamble to this resolution. The said bonds
shall be adted October 1, 1969; shall be numbered from One (1) to Twenty-five
(25), inclusive; and shall be of the denomination of O n e Thousand Dollars ($1,000)