4 - City of Oxford

97768— arcem-maaa
MINUTE BOOK No. 24, CITY OF OXFORD
RESOLUTION
WHEREAS, the Oxford Separate Municipal School District does not have
sufficient funds available to meet current expenses; and
WHEREAS, the sum of $27,000 is now needed for current expenses; and,
WHEREAS, unless said funds are obtained by the Oxford Separate Municipal
School District to cover expenses, the School District will operate at a defi-
cit for the fiscal year ending June 30, 1968.
WHEREAS, funds will be available to the District in October of 1968, and
under Section 6532-13 Mississippi Code 1942 Annotated, Recompiled, upon re-
quest by the Board of Trustees of the Oxford Separate Municipal School District
the Mayor and Board of Aldermen of the City of Oxford, Mississippi, has au-
thority to borrow funds for the said School District to cover current expenses,
and to issue notes therefor, with said notes to be paid from funds to become
available to the School Disttic.
NOW, THEREFORE, BE IT RESOLVED, that the Board of Trustees acting for and
on behald of the Oxford Separate Municipal School District request the Mayor
and Board of Aldermen of the City of Oxford, Mississippi, to borrow the sum
of $27,000 to be used by the said School District for current expenses, and
to be paid in.October of 1968, by said School District when funds become avail-
able.
BE IT FURTHER RESOLVED, that a certified copy of this resolution be furnis
ed the Mayor and Board of Aldermen for such action as they deem appropriate.
CERTIFICATE
I, Eddie Mack Morgan, Secretary of the Board of Trustees for the Oxford
Separate Municipal School District, hereby certify that the above and foregoing
constitutes a true, correct and compared copy of that certain resolution which
was unanimously adopted by the Board of Trustees for the Oxford Separate
Municipal School District at its meeting on June 21, 1968 as the same appears
of record in the official minutes of said Board.
CERTIFIED this the 26th day of June, 1968.
71
/s/ Eddie Mack Morgan
EDDIE MACK MORGAN
Secretary of the Board of Trustees
Oxford Separate Municipal School District