NOTICE OF SUBSTITUTE TRUSTEE’S SALE
STATE OF MISSISSIPPI
COUNTY OF WINSTON
WHEREAS, default has occurred in the performance of the covenants, terms and conditions of a Deed of Trust dated March 14, 2002, executed by ETHEL C. FRAZIER, JOHN FRAZIER, conveying certain real property therein described to Debera Bridges, as Trustee, for TRAVELERS BANK & TRUST, FSB, Original Beneficiary, to secure the indebtedness therein described, as same appears of record in the office of the Chancery Clerk of Winston County, Mississippi filed and recorded March 18, 2002, in Deed Book 548, Page 539 ; and
WHEREAS, the beneficial interest of said Deed of Trust was transferred and assigned to Waterfall Victoria Grantor Trust II, Series G
; and
WHEREAS, the undersigned, Rubin Lublin, LLC has been appointed as Substitute Trustee; and
NOW, THEREFORE, the holder of said Deed of Trust, having requested the undersigned so to do, as Substitute Trustee or his duly appointed agent, by virtue of the power, duty and authority vested and imposed upon said Substitute Trustee shall, on January 8, 2020 within the lawful hours of sale between 11:00AM and 4:00PM at the north door of the Courthouse proceed to sell at public outcry to the highest and best bidder for cash or certified funds ONLY, the following described property situated in Winston County, Mississippi, to wit:
THE FOLLOWING DESCRIBED PROPERTY LOCATED AND BEING SITUATED IN THE CITY OF
LOUISVILLE, COUNTY OF WINSTON, STATE OF MISSISSIPPI, TO-WIT:
COMMENCE ON CRESOTE POST, BEING 703.70 FEET EAST OF SE CORNER NE 1/4 SW 1/4
SECTION 34, TOWNSHIP 15 NORTH, RANGE 12 EAST WINSTON COUNTY, MISSISSIPPI AND
BEING 291.89 FEET SOUTH 89 DEGREES 59 MINUTES 11 SECONDS EAST FROM CONCRETE
CEMETERY CORNER RUN SOUTH 89 DEGREES 10 MINUTES 47 SECONDS EAST ALONG
REMAINS OF OLD FENCE 104.78 FEET TO CRESOTE POST ON FENCE CORNER, THENCE
NORTH 24 DEGREES 08 MINUTES 11 SECONDS EAST ALONG FENCE 329.17 FEET TO CHAIN
LINK FENCE CORNER, THENCE CONTINUE NORTH 24 DEGREES 08 MINUTES 11 SECONDS
EAST 25.10 FEET TO MISSISSIPPI HIGHWAY #397, THENCE NORTH 43 DEGREES 58 MINUTES
WEST ALONG SAID HIGHWAY 103.77 FEET, THENCE SOUTH 24 DEGREES 07 MINUTES 41
SECONDS WEST 25.10 FEET TO IRON STAKE, THENCE CONTINUE SOUTH 24 DEGREES 07
MINUTES 41 SECOND WEST TO AND ALONG FENCE 409.34 FEET TO POINT OF BEGINNING
THIS DESCRIPTION.
ALL BEING PART OF NW 1/4 OF SE 1/4 SECTION 34, TOWNSHIP 15 NORTH, RANGE 12 EAST
AND IN THE CITY OF LOUISVILLE, WINSTON COUNTY, MISSISSIPPI, CONTAINING .87
ACRES, MORE OR LESS.
LESS RIGHT-OF-WAY FOR MISSISSIPPI HIGHWAY #397.
INDEXING INSTRUCTIONS:
NW 1/4 SE 1/4 SECTION 34, TOWNSHIP 15 NORTH, RANGE 12 EAST.
BY FEE SIMPLE DEED FROM MAE ROBERTS, AS SET FORTH IN DEED BOOK 150, PAGE 299,
DATED 05/29/1981 AND RECORDED 05/29/1981, WINSTON COUNTY RECORDS, STATE OF
MISSISSIPPI.
PROPERTY ADDRESS: The street address of the property is believed to be 414 East John C Stennis Dr, Louisville, MS 39339. In the event of any discrepancy between this street address and the legal description of the property, the legal description shall control.
Title to the above described property is believed to be good, but I will convey only such title as is vested in me as Substitute Trustee.
THIS LAW FIRM IS ATTEMPTING TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE.
428 North Lamar Blvd, Suite 107
Oxford, MS 38655
rlselaw.com/property-listing
Tel: (877) 813-0992
Fax: (404) 601-5846
PUBLISH: 12/11/2019, 12/18/2019, 12/25/2019, 01/01/2020
CITY OF LOUISVILLE RESOLUTION OF INTENTION
The Mayor and Board of Aldermen, acting for and on behalf of the City of Louisville, Mississippi (the "City") and the Louisville-Winston County Airport Authority (the "Authority") took up for consideration the matter of authorizing and approving a loan on behalf of the City from the Mississippi Development Authority (the "MDA") for the purpose of making improvements to the Louisville-Winston County Airport Facility and thereby promoting commerce and economic growth.
Thereupon Alderman Judy H. McLeod offered and moved the adoption of the following: RESOLUTION DECLARING THE INTENTION OF THE MAYOR AND BOARD OF ALDERMEN OF THE CITY OF LOUISVILLE , MISSISSIPPI, TO AUTHORIZE AND APPROVE A LOAN ON BEHALF OF THE CITY AND THE LOUISVILLE-WINSTON COUNTY AIRPORT AUTHORITY FROM THE MISSISSIPPI DEVELOPMENT AUTHORITY IN A MAXIMUM PRINCIPAL AMOUNT NOT TO EXCEED TWO HUNDRED SEVENTY SIX THOUSAND SEVEN HUNDRED FIFTEEN DOLLARS($276,715.00) FOR THE PURPOSE OF MAKING IMPROVEMENTS TO THE LOUISVILLE-WINSTON COUNTY AIRPORT FACILITY TO PROMOTE COMMERCE AND ECONOMIC GROWTH.
WHEREAS, the Mayor and Board of Aldermen of the City of Louisville, Mississippi (the "Governing Body" of the "City"), does hereby find, determine, adjudicate and declare as follows:
1. The Mississippi Business Investment Act, constituting Sections 57-61-1 et. seq. Mississippi Code of 1972, as amended (the "Act"), was enacted for the purpose of promoting business and economic development in the state of Mississippi (the "State") through investment by private companies locating in the State.
2. Pursuant to Section 57-61-41 of the Act, the MDA is authorized to make interest-bearing loans to state, county, or municipal airport authorities for the purpose of making improvements to airport facilities.
3. The City and the Authority will agree to improve the airport facilities and will request the MDA to finance a portion of the cost associated with the development of these improvements (the "Project").
4. Pursuant to the Act and guidelines adopted by the MDA, the City and Authority will file an application with the MDA for a loan to be used for the development of the Project in the amount of Dollars ($276,715.00) (the "Loan").
5. The City and the Authority will enter into a Loan Agreement (the "Agreement") with the MDA wherein the City and Authority agree to borrow the proceeds of the Loan subject to and upon the terms and conditions of the Agreement.
6. In order to secure the Loan, the City and the Authority will execute and deliver to the MDA a Promissory Note (the "Note"). Failure of the City to meet its repayment obligations shall result in the forfeiture of sales tax allocation and/or homestead exemption reimbursement in an amount sufficient to repay obligations due pursuant to Section 57-61-15 (7) of the Act. Upon forfeiture of the City of its sales tax allocations and/or homestead exemption reimbursement for twelve (12) months, the City may levy an ad valorem tax on the taxable property therein for the purpose of meeting its repayment obligation in accordance with Section 57-61-15(8) of the Act. The revenue produced from the tax levy shall not be included within the ten percent (10%) growth limitation on ad valorem tax receipts for its general budget.
7. The Loan shall not be deemed indebtedness within the meaning specified in Section 21-33-303, Mississippi Code of 1972, as amended.
NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY, AS FOLLOWS:
Section 1. The Governing Body of the City, does hereby declare its intention to authorize and approve a Loan from the MDA in the principal amount not to exceed Two Hundred Seventy Six Thousand Seven Hundred Fifteen Dollars ($ 276,715.00) for the purpose of making improvements to the Louisville-Winston County Airport Facility thereby promoting commerce and economic growth.
Section 2. The Loan will be secured by a Note executed and delivered by the City and the Authority to the MDA. Pursuant to Section 57-61-15 (7) of the Act, failure of the City to meet its repayment obligations shall result in the forfeiture of sales tax allocation and/or homestead exemption reimbursement in an amount sufficient to repay obligations due until such time as the indebtedness has been discharged or arrangements to discharge such indebtedness satisfactory to the MDA have been made. Upon forfeiture of the City of its sales tax allocations and/or homestead exemption reimbursement for twelve (12) months, the City may levy an ad valorem tax on the taxable property therein for the purpose of meeting its repayment obligation in accordance with Section 57-61-15(8) of the Act. The revenue produced from the tax levy shall not be included within the ten percent (10%) growth limitation on ad valorem tax receipts for its general budget.
Section 3. The Governing Body proposes to authorize and approve the Loan from the MDA in the amount and for the aforesaid purposes at a meeting of the Governing Body to be held at its regular meeting place at City Hall in Louisville, Mississippi at 5:30 p.m. on the 7th day of January, 2020, or at some meeting held subsequent thereto. If ten percent (10%) or fifteen hundred (1,500), whichever is less, of the qualified electors in the City shall file a written protest with the City Clerk against the authorization and approval for the Loan on or before the aforesaid date and hour, then the Loan shall not be entered into unless authorized at an election on the question of authorizing and approving the Loan. Such election shall be called and held as provided by law. If no protest is filed, then the Loan may be entered into without an election on the question of authorizing and approving the Loan at any time within a period of two (2) years after the date above specified.
Section 4. This Resolution shall be published once a week for at least four (4) consecutive weeks in the Winston County Journal, a newspaper published in the City of Louisville, Mississippi and having a general circulation in the City and qualified under the provisions of Section 13-3-31, Mississippi Code of 1972, as amended. The first publication of this Resolution shall be made not less than twenty-one (21) days prior to January 7, 2020, and the last publication shall be made not more than seven (7) days prior to such date, said Resolution to be published on December 11, 18,25, 2019, and January 1, 2020.
Section 5. The City Clerk shall be and is hereby directed to procure from the publisher of the aforesaid newspaper the customary proof of said publication of this Resolution and have the same before the Governing Body on the date and hour specified in Section 3 hereof.
Alderman Gwenita Mays seconded the motion to adopt the foregoing Resolution, and the vote thereupon was as follows: Alderman Eugene Crosby, voted YEA; Alderman Frances S. Ball, voted YEA;
Alderman Drew Massey, voted YEA; Alderman Gwenita Mays, voted YEA; Alderman Judy H. McLeod, voted YEA
The motion having received the foregoing vote of the Governing Body, the Mayor declared the motion carried and the Resolution adopted, on this the 19th day of November, 2019.
WILL HILL, MAYOR, CITY OF LOUISVILLE, MISSISSIPPI, BABS W. FULTON, CITY CLERK
Publish on December 11, 18 and 25, 2019, and January 1, 2020, in the Winston County Journal.
NOTICE OF ANNUAL AUDIT
THE CITY OF LOUISVILLE HEREBY GIVES NOTICE THAT THE ANNUAL AUDITED
FINANCIAL REPORT FOR THE YEAR ENDED SEPTEMBER 30, 2018 HAS BEEN
COMPLETED. COPIES ARE AVAILABLE TO THE PUBLIC AT LOUISVILLE CITY
HALL AT 2373 SOUTH CHURCH AVENUE, LOUISVILLE., MISSISSIPPI.
BABS W. FULTON, CITY CLERK
Publish two (2) times: December 4 and 11, 2019.
