The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1905-04-14
AND ALSO THE AMENDMENTS TO
THE CITY CHATTER, WHICH
!. ARE TO BE FORWARDED TO
THE LEGISLATURE FOR PAS.
SAGE AT ONCE.

A regular semfmonthly meeting OF
the Chamber of Commerce was held
at noon on yesterday. A large num-
Der Of members were present, and the
meeting was one of the most interest
ing and important the organization
ever held.
The transaction of the usual rou-
tine business was deferred until a.
future meeting, and the bond law and
!, city charter amendments proposed by
the city council at its meeting of last
Tuesday night, were taken up for
consideration.
The following letter from Chairman
Muldon of the city council special
committee was read:
Mr.. MuIdon's Letter.
w. c. Jones. Esq. Secretary Chamber
Commerce, City
Dear Sir- enclose you herewith a
COPY of bond act which was unani-
mously adopted by the city council at
a meeting held last night. / should
be glad if you would have the mem.
bers assist us in having same passed
| also enclose you a copy Of reso-
luton which was unanimously adopt
ed by the council, asking our repre-
sentatives at Tallahassee to have GER
J tain amendments to the city charter
made. This we consider necessary
in connection with the bond act and
IL trust that the members of your
body will approve of both of these bills
and will lend their assistance to have
them passed.
1 remain yours very truly,
j. NJ. MULDON,5
Chairman Special Committee.
Before the reading of the proposed
bond law and charter amendments, a
resolution was adopted requesting the
local daily newspapers to publish
both, that the entire membership of
the organization might be famiiiarized
with their provisions; and that an.
other meeting of the body be held on
Saturday at noon, for the purpose of
taking action on both bills.
The bills and resolution were read
as follows:
The Proposed Measure.
An Act to Be Entitled an Act to Au
thorize the City of Pensacola to Is
sue Negotiable Bonds for NUM-
cipal Purposes and Provides for the
Payment Thereof
Be it enacted by the Legislature
of the State of Florida:
Section 1. That the mayor and cit,
/, council of the City of Pensacola, IN
the corporate capacity, are here
by authorized to issue, from time K
time, negotiable bonds of said cit
r of such denominations, bearing suci
,, rate of interest not exceeding fv,
(5) per cent. and upon terms ant
conditions as may by ordinance b,
determined, to an amount not exceed
ing fifteen t15) per cent of the as
sessed value of the real estate with
| in said city, as the same shall appea
: upon the city assessment roll, for tn,
year last preceding the time sal
bonds are Issued, which bonds shall
be used for the refunding of the pres
" ent bonded Indebtedness of the cit,
!. and for such other municipal purpose
as may be providede by ordinance an,
approved by a majority OF the vote
|. cast at an election held for the pu,
) pose in the manner provided for j
( {section two t2) of this act and 70
; the payment of which bonds and tn
/
+. property in said city shall be thereb
pledged.
Section 2. That before the issue O
L the bonds herein authorized shall b
$ made the issue of the bonds the
h proposed to be issued shall be pr,
vided for by ordinsnee, expressing
: the purposes and approximately tn
# amounts for each purpose for whic
\ such issue of bonds are to be USED
q and subsequently, approved by tn
. majority of votes cast by the quail
fed voters of said city then re
siding in said city and who shall hav
; paid taxes on real estate or persona
s property to said city for the yea
s for which taxes were last due, a
e an election held for that purpose a
L a time and in manner to be pre-
iscribed by the city by ordinance
II The question of the issuance OF tn
q said bonds, or any part thereof, ma
, be submitted, from time to time, e,
n cept that the amount of said bond
= shall at no time exceed fifteen Us
per cent. of the assessed value of tn
real estate within said city as tn
n same shall appear upon the city a.
,. sessment roll for the year last prt
& ing the time said bonds are issued.
S Section 3. Should any actssbe pas!
y ed by the legislature of the state G
n Florida at any future time. proyidin
d for the issuance of bonds to a
amount exceeding fifteen tf5) pc
cent. of the assessed value of the res
II estate in said city, such bonds sha
Y be subordinate to those provided 70
e In this act.
, Section 4. That the mayor and cit
council shall levy annually such SPIT