4 - City of Oxford

448
97768- IMIMIN-IIMPIH
MINUTE BOOK No. 24. CITY OF OXFORD
WHEREAS, the assessed valuation of taxable property within the cor-
porate limits of the Oxford Municipal Separate School District, as ascertained
by the last completed assessment, is Sixteen Million Eight Hundred Fifty-Two
Thousand Four Hundred Thirty-Eight Dollars ($16,852,438); and
WHEREAS, the said District at this time has outstanding bonded in-
debtedness aggregating the principal amount and sum of Nine Hundred Sixty-One
Thousand Dollars ($961,000)m including any bonds which heretofore may have been
issued for school purposes by the City of Oxford; and
WHEREAS, the amount of bonds hereinafter directed to be issued, when
added to the aforesaid outstanding bonded indebtedness, will not, in the aggre-
gate, exceed any limit of indebtedness prescribed by any statute of the State
of MissisSippi:
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF ALDERMEN OF
THE CITY OF OXFORD, MISSISSIPPI, AS FOLLOWS:
SECTION 1. That, proceeding under the authority of Chapter 231, Laws
of Mississippi, 1950, as amended, and pursuant to the special election referred
to in the preamble hereto, bonds of the Oxford Municipal Separate School Dis-
trict of Lafayette County, Mississippi, shall be and are hereby directed to be
issued in the principal amount of Seven Hundred Fifty Thousand Dollars ($750,000)
to raise money for the purpose of purchasing additional lands for school pur-
poses, erecting and equipping an elementary school building and related faci-
lities therefor, and providing necessary water, light, heating, and sewerage
facilities therefor and for the schools in said district. The said bonds shall
bear date of December 1, 1969; shall be numbered from One (1) to Seven Hundred
Fifty (750), inclusive; shall be of the denomination of One Thousand Dollars
($1,000) each; and shall be payable, both as to principal and interest, in law-
ful money of the United States of America at Deposit guaranty National Bank,
in the City of Jackson, State of Mississippi. The said bonds shall hear inter-
est from the date thereof at the rates per annum hereinafter set forth, payable
March 1, 1970, and semi-annually thereafter on September 1 and March 1 in each
year until payment of the principal of said bonds, respectively. Interest
accruing on and prior to the respective maturity dates of said bonds shall be
evidenced by appropriate interest coupons to be attached to each of said bonds.
The said bonds shall be executed by the signature of the M a yor of
the City of Oxford, Mississippi, attested by the City Clerk of said City, un-
der the corporate seal of said City. The interest coupons to be attached to
each of said bonds shall be executed by the facsimile signatures of said officers.
Said bonds shall mature in the amounts and at the times, and shall bear interest
at the rates hereinafter set out, as follows: