The enterprise-recorder. (Madison, Fla.) 1908-1933, 1910-03-17
oRDINANcF NO. a..

An Ordinance prescribing the form and details OF
the issue Of $4,000 school bonds OF the Town OF
Madison, and providing for the levy OF TAX %
nav the principal and interest thereof At maturity.
Whereas, at an election duly and legally called
and held IN the Town of Madison on the sixth day
OF July, 1909, more than majority OF the qoauhcu
voters OF said town voted IN favor OF inc issuance
Of bonds Of said Town In the amount OF SlOVOu tOt
the purpose of raising money to be used m erect,
ing or aiding in the erection of a dormtorY ana
such other buildings In connection with the pubne
school building now situated IN said town, now
called the Florida Normal Institute, or such add,
tons thereto as may from time TO time be deemed
necessary by the Town Council for the mainttn'
ancr or efficiency Of any school schools that may
be established or conducted therein; and
Whereas said bonds have been duly advertised
for sale and a contract has been entered INTO tor
the sale of present issue OF Sl4OOO of SAID bonds
at price which Is in excess OF w cents on the ool
Whereas, all acts, conditions and things required
nv law precedent 10 the issuance of said bonds
have been had and done In the ume form and man
Now Therefore, oe it ordained by the Council of
the Town Of Madison, Flcrida'
Section That for the purpose of raising money
to be USED in erecting or to and IN the erection
of durnitorv and such other buildings In tonncc'
ton with the public school building now situated
in said town, now called the Flor da Normal In
sttute, or such additions thereto AS may from time
TO time he deemed necessary by the Town onncjl
for the maintenance and efficiency of any school OF
schools that may be established or conducted there
m, mere hereby OtOtItu ana directed 10 w ~
sued the negotiable coupon bond of said Town OF
Maids IN tee mount Of Fifteen Thousand Dol
lars (Sl5 OO, consisting Of thirty bon' of the dc
nomination of $500 each, numbered TO 30 inclns,
i've. sud bonds shall be known and designated
rs ~ Choo Bonds" shall I've dated september 10Th,
1909 shah mature thirty tl0 ears from their date,
the Tow, however. resvrNing the option to redeem
the same At lime after five years fon their
dat shall bear Interest az The rate OF six (tl er
Centun per lnnum, PAYABLE annually on September
10Th of each year; and both principal and interest
shall be pay able In lawful money OF the United
States at the office Of the Treasurer Of the Town
of Madison FLORIDA, or AZ the option of the holder
OF said bonds at the Office of Du e VI Farson, m
the CITY Of Chicago, Illinois, payable in New York
s,cuon 2 Said bonds and coupons shall be in
substantially the following foims, respectively TO-
United States of America, State Of Florida, County
OF Madison, Town Of Madison.
SCHOOL BOND
No.. $500.
Know pll men by these presents, that the Town
OF Madison, in the County of Madison State of
Florida, duly organized municipal corporation
under the laws Of SAID State, acknowledges itself
indebted and for value received hereby promises TO
pay TO nearer FiyeHundredD ollarsin lawful money
Of the United States Of America, on the 10Th day
of September, A. ID. 1889, or at the option of sand
town az any time after FIVE years from the date
hereof, together with interest said sum from the
date hereof until paid At the rate of SIX 90 per
centum per annun, payable annually on the 10Th
day of September upon presentation OF The interest
coupons hereto attached as they seVerally become
lue, both principal and lntefe.t being payable at
the Office Of the Treasurer Of said Town, in the
Town of Madison, Florida, or At the option of the
holder OF said bonds At the office Of Duke NJ Far
son, IN the city of Chicago, Illinois, payable in
New York Exchange. And for the prompt pay
meDt of the principal and interest of this bond 1t
maturity, the full faith credit and of said
Town are hereby irrevocably pledged.
This Bond is Issued for the purpose of raising
funds to erect or aid In the erecting of a public
school building H. said town, with a dormitOry and
such other buildings m connection herewith or ad
dinons thereto 40 may from time to time c deem
ed necessary by the Town Council for the mainter-
| ance and efficiency Of any school schools that
may be established and conducted therein, and is
issued pursuant to the favorable vote Of more than
a majority of qualified voters Of said Town voting
at an election duly and legally called and held fer
that purpose, and pursuant TO resolution and oldi-
| nances Of the Town Council duly passed, approved
and adopted, and is authorized by and issued in
full compliance with the charter Of said Town, and
the Constitution and laws of the STATE Of Florida
And rs hereby certified and rcCited that all
acts, conditions and things required by the tonsu-
tuuon and laws of the State Of Florida and the
charter of said Town TO exist happ,n and be per-
formed precedent to and In the Issuance of this
bond have existed, happened and been performed
quircd by law, and tina; the total Indebtedness Of
sad Town including this bond not exceed any
constitutional, statutory or charter Limitation,
In witness whereof. said town of Madison, by
It's Town Council, has caused this bond to be sign.