4 - City of Oxford

97768--mumermun
MINUTE BOOK No. 24, CITY OF OXFORD
adequate taxes levied and collected to meet the obligations of the bonds herein
authorized to be issued, both as to principal and interst.
SECTION 5. That the proceedings had incident to the issuance of the bonds
herein authorized shall be submitted to validation under the provisions of
Title 18, Chapter 1 of the Mississippi Code of 1942, and to that end the City
Clerk shall be and is hereby authorized and instructed to make up and certify
to the State's Bond Attorney a full and complete transcript of proceedings and
other documents in relation to the authorization and issuance of said bonds.
SECTION 6. That when the said bonds shall have been prepared, validated,
and executed as herein provided, they shall be registered by the City Clerk in
a book kept for that purpose in said Clerk's office, and the City Clerk shall
sign the registration and validation certificate endorsed thereon.
SECTION 7. That the contract for the sale of said bonds as heretofore made
and entered into on the 21st day of May, 1968, shall be and the same is hereby
ratified, approved, and confirmed.
SECTION 8. That the proceeds received upon sale and delivery of the bonds
herein authorized to be issued, immediately upon receipt thereof, shall be set
aside in separate funds in the following amounts and for the following purposes,
to-wit:
$35,000 for the purpose of construction 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.
The accrued interest and premium received upon sale and delivery of the afore-
said bonds forthwith shall be deposited in and credited to a Fund hereby createdl
and designated the "Public Improvement Bonds Interest and Sinking Fund".
SECTION 9. That the aforesaid bonds numbered 1 to 85, inclusive, shall
be and are hereby declared to be issued for the following purposes, respectivelyil
Bond Numbers Purpose
1 to 35, inclusive
36 to 60, inclusive
61 to 75, inclusive
76,to 85;,inolusive
Community Recreational Building
Fire-fighting equipment, etc.
Waterworks (water well
Sanitary system improvement
SECTION 10. That all resolutions, or any part thereof, which may in any
manner conflict with the provisions of this resolution shall be and the same
are hereby repealed and rescinded insofar as they may so conflict.
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