4 - City of Oxford

97768- NITCMONSMATCIIIS
MINUTE BOOK No. 24, CITY OF OXFORD
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF ALDERMEN OF THE
CITY OF OXFORD, MISSISSIPPI, AS FOLLOWS:
SECTION 1. That there are hereby authorized and ordered to be prepared
and issued Public Improvement Bonds of the City of Oxford, Mississippi, in the
principal amount of Eighty-five Thousand Dollars ($85,000) to provide funds in
the following amounts and for the following purposes, to-wit:
$35,000 for the purpose of constructing and equipping a community
recreational building in Stone Park in said City.
$25,000 for the purpose of purchasing fire-fighting equipment
and apparatus, including a fire truck and equipment.
$15,000 for the purpose of improving the waterworks of said
City by installing a new water well.
$10,000 for the purpose of improving the sanitary system of
said City through purchasing a garbage truck and necessary
equipment therefor.
Said bonds shall be of the denomination of One Thousand Dollars ($1,000) each;
shall be numbered from One (1) to Eighty-five (85), inclusive; shall bear date
of June 1, 1968, and shall bear interest from the date thereof at the rates
per annum hereinafter set forth payable March 1, 1969, and semi-annually there-
after on September 1 and March 1 in each year until the principal of said bonds,
respectively, shall have been paid. Interest accruing on and prior to the re-
spective maturity dates of said bonds shall be evidenced by appropriate inter-
est coupons to be attached to each of said bonds. Both principal of and inter-
est on said bonds shall be payable in lawful money of the United States of A-
merica at the Union Planters National Bank of Memphis, in the City of Memphi,
State of Tennessee. The said bonds shall be executed by the signature of the
Mayor of said City, attested by the City Clerk with the seal of said City im-
pressed upon each bond, and the interest coupons to be attached to said bonds
shall be executed by the facsimile signatures of said officials. Said bonds
shall mature, without option of prior payment, in the amounts and at the times
hereinafter set out, as
BOND NUMBERS
follows:
RATE OF
INTEREST
1 to 4, Inclusive
5 to 8 "
9 to 12 "
13 to 16 "
17 to 20 "
21 to 24 It
25 to 28 "
29 to 32 "
5%
5%
5%
5%
5%
5%
5%
4f%
33 to 36
37 to 40
41 to 45
"
t,
,,
41%
44%
5%
46 to 50
51 to 55
”
H
5%
5%
56 to 60
61 to 65
66 to 70
71 to 75
76 to 8o
81 to 85
"
r■
”
"
,,
v,
5%
5%
5%
5%
5%
5%
(March 1)
AMOUNT MATURITY
$4,000 1969
4,000 1970
4,000 1971
4,000 1972
4,000 1973
4,000 1974
4,000 1975
4,000 1976
4,00o 1977
4,000 1978
5,000 1979
5,000 1980
5,000 1981
5,000 1982
5,000 1983
5,000 1984
5,000 1985
5,000 1986
5,000 1987
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