NOTICE OF SALE OF NEGOTIABLE NOTE

Pursuant to Section 19-9-27, Miss. Code of 1972, as amended, and Resolution of the Board of Supervisors of Leake County, Mississippi, notice hereby is given that the said Board of Supervisors will offer a negotiable note of Leake County, Mississippi, in the principal amount of Six Hundred Thousand Dollars ($600,000.00) to the bidder offering the lowest rate of interest or whose bid represents the lowest net cost to the county, at public sale, at a meeting of the Leake County Board of Supervisors to be held at its usual meeting place in the Leake County Courthouse, in the City of Carthage, Mississippi at the hour of 9:00 o’clock A.M. on Monday, December 4, 2023.

The note shall mature and be due in one installment of principal and interest, on or before April 1, 2024. The note will allow for, and provide no penalty for, early retirement.

For prompt payment of the note at maturity of each installment, both principal and interest, the full faith, credit, and resources of the issuing entity, Leake County, Mississippi, will be pledged.

The Board reserves the right to reject any and all bids offered, and if all bids are rejected, to again give notice and sell said note at some future meeting.

By Order of the Board of Supervisors of Leake County, Mississippi, this the 6th day of November, 2023

                                                          /s/ Dot Merchant                                        

                                                            CLERK, BOARD OF SUPERVISORS

 

 

Publish three (3) times November 16, 23 and 30

Bill General County Fund

 

 

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