4 - City of Oxford

4h0
97768
MINUTE BOOK No. 24, CITY OF OXFORD
ONE THOUSAND DOLLARS
($1,000) on the first day of March, 19 , with'interest thereon from the date
hereof at the rate of per centum ( %) per annum,
payable March 1, 1970, and semi-annually thereafter on September 1 and March 1
in each year until this bond shall have been fully paid. Interest accruing on
this bond on and prior to the maturity date hereof shall be payable upon pre-
sentation and surrender of the interest coupons hereto attached as they sever-
ally become due, and no interest shall accrue on this bond after the maturity
date hereof unless this bond be duly presented for payment and he not paid.
Both principal of and interest on this bond are payable in lawful
money of the United States of America at Deposit Guaranty National Bank, in
the City of Jackson, State of Mississippi, and for the prompt payment of this
bond and the interest hereon, according to the terms hereof, the full faith
credit, and resources of the Oxford Municipal Separate School District are
hereby irrevocably pledged.
The right shall be and hereby is reserved unto the Oxford Municipal
Separate School District, at its option to call in, pay, and redeem bonds
numbered Two Hundred Fifty-six (256) to Seven Hundred Fifty (750), inclusive„
of the issue of which this bond is one, in inverse numerical order, at par and
accrued interest, on March 1, 1980, or on any interest payment date thereafter'
prior to maturity. Notice of the exercise of said option shall be given in
writing to the paying agent named in said bonds not less than thirty (30) days
prior to the date set for the redemption of said bonds. No further interest
shall accrue on said bonds so called after the date specified for the payment
thereof, provided that funds be available for the redemption of said bonds on
such date.
This bonds is one of a series of seven hundred fifty (750) bonds,
all of like date, tenor, and effect, except as to number, rate of interest,
date of maturity, and provision for redemption prior to maturity, numbered
from One (1) to Seven Hundred Fifty (7)0), inclusive, aggregating the principal
amount of Seven Hundred Fifty Thousand Dollars ($750,000), issued to raise
monry for the purpose of purchasing additional lands for school purposes, erect- .
and providing necessary water, light, heating, and sewerage facilities therefor
and for the schools in said district, under authority of the Constitution and
Statutes of the State of Mississippi, including, among others, Chapter 231,
Laws of Mississippi, 1950, as amended, and pursuant to an election held in said
District on the 15th day of July, 1969, whereat more than three-fifths of the
ing and equipping an elementary school building and related facilities therefor,