The Birmingham age-herald., 1904-07-07
The School Bonds.

The School Bonds. Excerpts from the ordinance introduced and adopted, prescribing the form of the rublic school bonds amounting to s20o GOO, follow:
 Number =. Public School Houses and
 Buildings Bond-$lO00
 Know all men by these presents, that the mayor and aldermen of Birmingham, municipal corporation of the state of Alabama, is indebted to the bearer in the sum of 5000, in gold coin of the Uns- ted States of America Of the present standard weight and fneness, bearing in- terest at the rate of per cent per anuum from the date hereof, payable on the first day of January, in the year 1905, and semi-annually on the first day of July and on the first day of January in each and every year thereafter in like gold coin, at the Hanover National bank in the city and state Of New York, on the presenta- ton of the coupons hereto annexed. as they resp actively become due, until the payment of the principal sum, which principal sum shall be due and payable twenty (20) years afted the date hereof at the bank afol esaid.
 This bond is one of series of bonds, aggregatirg two hundred thousand s2o0. eco dollars, numbered from one CD to two hundred (2c0), inclusive issued pur- suant to an ordinance adopted by the mayor and aldermen of said city of Br- mingham on the 9th of July, 1904 entitled An ordinance to provide for the issuance of bonds of the city of Birmingham for the purpose of constructing public school houses and buildings which said ordi- nance was adopted in accordance with an election held on the 11th day of April 1904, which said election was authorized by an act of the general assembly of the state of Alabama, entitled, An act to authorize cities and towns in the state of Alabama to cause elections to be held therein to authorize the issue of bonds for purchasing or constructing public buildings. sewers, streets, alleys, bridges and public school houses and buildings, to purchase water works and light plants or to construct the same, and for such other purposes as may be authorized by law; to provide for the manner of giving notice of such election, the manner of holding the same, and the payment of ex- penses thereby incurred and to authorize the issue of bonds when at such election. the voters thereat shall decide in favor of such bond issue, approved February 31, 1903"
 The ordinance provides that the bonds shall be signed by the mayor and the treasurer and be attested by the city clerk.
 It Is further ordained that said s2oo. 900 VI pchoo Whcii uuiJ 1iBheo anu btditu shall be delivered to the purchaser thereof on payment of the purchase price, which shall not be less than par value and &C., crued interest
 The bonds were sold to A. l.. Rich & Co. at par, and will be delivered within the next few days.
 Alderman D. R. Copeland introduced an ordinance, which was adopted, provid- ing that all owners of automobiles must take out a license at the rate of s1 per year. These licenses will be Issued by the city clerk, and with each license a number to the owner of machines Is to be given. The owner must in turn post in a conspicuous place the number of his machine ss It al pears on his permit.
 After transacting ether routine matters the meeting adjourned.