4 - City of Oxford

97768— ansimes-ramet
MINUTE BOOK No. 24, CITY OF OXFORD
and appratus, including a fire truck and equipment; in the amount of Fifteen
Thousand Dollars ($15,000) for the purpose of improving the waterworks of said
City by installing a new water well; and in the amount of Ten Thousand Dollars
($10,000) for the purpose of improveing the sanitary system of said City
through purchasing a garbage truck and necessary equipment therefor; and
WHEREAS, said resolution declared that it was the intention of the said
Mayor and Board of Aldermen to issue the aforesaid bonds on the 23rd day of
April, 1968, at 7:30 P. M.; and
WHEREAS, under the provisions of said resolution and as required by law,
Chapter 493, Laws of Mississippi, 1950, as amended, the said resolution was
published at length on the 28th day of March, 1968, and on the 4th, 11th and
18th days of April, 1968, the Oxford Eagle, a newspaper published in the City
of Oxford, Mississippi, and being a qualified newspaper under Chapter 427, Laws
of Mississippi, 1948; and
WHEREAS, on the 23rd day of April, 1968, at 7:30 o'clock P. M., the said
Mayor and Board of Aldermen did meet for the purpose of receiving protests
against the issuance of said bonds for any of the aforesaid purposes; and
WHEREAS, on said 23rd day of April, 1968, at or prior to 7:30 o'clock
P. M., no sufficient petition of any kind or character was filed by qualified
electors of said City requesting that an election be called and held on the
question of the issuance of said bonds; and
WHEREAS, under the provisions of the aforesaid Chapter 493, Laws of
Mississippi, 1950, as amended, the bonds aforesaid may now be issued by the
City of Oxford without submitting said propositions to an election; and
WHEREAS, the assessed valuation of taxable property within the City of
Oxford, Mississippi, as ascertained by the last completed assessment, is Eleven
Million, Seven Hundred Ninety-seven Thousand, Thirty ($11,797.030); and
WHEREAS, the said City of Oxford now has outstanding bonded indebtedness
in the amount of Five Hundred Seventy-two Thousand Dollars ($572,000), exclu-
sive of special street improvement bonds; and
WHEREAS, the amount of bonds hereinafter directed to be issued, to-wit:
Eighty-five Thousand Dollars ($85,000), when added to the aforesaid outstanding
indebtedness, will not exceed any constitutional or statutory limit; and
WHEREAS, pursuant to publication of the notice of the sale of said bonds,
as required by law, the said bonds were sold to the highest bidder therefor
on the 21st day of May, 1968; and
WHEREAS, it is now found to be necessary and advisable that provision be
made to direct the preparation, execution, and delivery of said bonds: