4 - City of Oxford

52
97768— Nuemons-meact
amounts:
MINUTE BOOK No. 24 CITY OF OXFORD
Interest coupons attached to said bonds shall be payable in the following
Bond Numbers
Coupon due Subsequent Semi-
March 1, 1969 annual Coupons
1 to 28, Inclusive $37.50 $25.00
29 to 40, 33.75 22.50
41 to 85 37.50 25.00
SECTION 3. That when the said bonds shall have been executed as herein-
before directed, they shall be registered by the City Clerk in a book kept for
that purpose in said Clerk's office, as required by law, and the said Clerk
shall endorse upon the reverse of each of said bonds a registration and vali-
dation certificate in substantially the following form, to-wit:
STATE OF MISSISSIPPI )
COUNTY OF LAFAYETTE SS
CITY OF OXFORD
(REGISTRATION AND VALIDATION CERTIFICATE)
I, the undersigned, City Clerk within and for the City of Oxford, in the
County of Lafayette, State of Mississippi, do hereby certify that the within
bond has been registered by me in a book kept for that purpose in my office,
as required by law.
I do further certify that the within bond has been validated and confirmed
by decree of the Chancery Court of Lafayette County, Mississippi, rendered on
the
day of , 1968.
y Clerk
SECTION 4. That, in order to provide for the payment of the aforesaid
bonds and the interest thereon, there shall be and there is hereby directed
to be levied and collected, at the same time and in the same manner as other
taxes of said City are levied and collected, a direct, continuing annual tax
upon all taxable property within the boundaries of said City, sufficient in
amount to provide for the payment of the principal of said bonds and the inter-
,Lt
est thereon, as the same matures and accrues. It shall be the duty of the
tax-levying and collecting authorities of said City, in each year while any
of the bonds issued hereunder shall remain outstanding and unpaid, without
any further direction or authority, to levy and collect the taxes herein pro-
vided for, and the rate of taxation to be levied in each year shall be suffi-
cient, after making allowance for delinquencies in the payment of taxes and
the cost of collection, to provide the sums required in each year for the
payment of said interest and principal. Should there be a failure in any year
to comply with the requirements of this Section, such failure shall not impair
the rights of the holders of any of said bonds in any subsequent year to have