The enterprise-recorder. (Madison, Fla.) 1908-1933, 1910-03-24
ORDINANCE 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 a tax TO
nav the principal aud interest thereof at maturity.
Whereas, at an election duly and legally called
and held in the Town of Madison on the sirui day
OF july 1909 more than majority OF the qpauheu
voters Of said town voted In favor OF the issuance
Of bonds of said Town in the amount OF Sloob TOT
the purpose Of raising money 10 be used m erect,
ing or aiding in the erection OF dormltory anu u
such other buildings In connection win the phpne
school building now situated m 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
I've established or conducted therein; and
Whereas, said bonds have been duly advertised
for sale, and a contract has been entered into for
the sale of present issue of Sl4 900 of said bonds
at price which is In excess OF w cents on the doll
lai; and
Whereas, all acts, conditions and things required
BY law precedent TO the issuance OF said bonds
have been had and done in the ume, form and man.
uer required bY law;
Now Therefore, De Il ordained by the Council Oh
the Town of Madison, Florida
Section l. That for the purpose OF raising money
to be used in erecting or to aud in the erection
of a dOrmtorv and such other buildings in tonnec'
ton with the public school building now situated
in said town, now called the Flor da Normal In
sttute, such additions thereto as may from time
TO time be deemed necessary by the Town council
for the maintenance and efficiency of any school or
schools that may he established or conducted there
in there Is hereby ordered and directed TO be is.
sued the negotiable coupon bonds of said Town of
Maids y in tie mount of Fifteen Thousand Dol
lars $4,000, consisting of thirty bonus of the de-
nomination Of $500 each, numbered to 30 incus.
i've. SAID bonds shall I've known and designated
as "School Bonds" shall be dated September 18TH
1909 shall mature thirty GO) cars from their date
the Tow, however, rescrNing the option TO redeem
the same al any time after five years honl their
dat shall bear Interest al the rate OF SIX (O ier
centum per Annum, payable annually on September
18th OF each year; and both principal and interest
shall he plNable In lawful money OF the United
States at the Office Of The Treasurer of the Town
Of Madison flouda, or az the option OF the HOLDER
Of said bonds al the Office of Duoe NJ. Farson, IN
the CITY Of Chicago, Illinois, payable in New York
s,ction said bonds and coupons shall be in
substantially the following foms, respectively to-
United States Of America, State Of Florida, County
OF Madison, Gown Of Madison,
SCHOOL BOND
No., $500.
! Know all 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 sand State, acknowledges itself
indebted and for value received hereby promises TO
pay to bearer FiyellundredD ollarsin lawful money
| Of the United States Of Amenca, on the 10Th day
Of September, A. ID, 1889, or at the option of SAID
| town at any time after five years from the date
hereof together with interest said sum from the
date hereof until paid al the rate of SIX (o) per
! centum per annuin, payable annually on the 10Th
dav of September upon presentation OF the interest
coupons hereto dltd1ntu as lleN ttNCIdllN hNAoulN
| lue, both principal and iniere.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 al the Office of Duke lar
| son, In the city of Chicago, Illinois, PAYABLE in
| New York Exchange. And for the prompt pay
ment Of the principal and interest of this bond Al
maturity, the full faith, credit and of said
Town are hereby irrevocabIy pledged.
! This Bond is issued for the purpose of raising
funds TO erect aid in the erecting of pa hliC
school building H. said town, with dormitory and
such other buildings IN connection herewith or ad
dinons thereto rs may from time to time be deem
ed necessary by the Town Council for the mainten.
ance and efficiency Of any school or schools thai
may be established and conducted therein, and is
issued pursuant to the favorable vote of more thar
a majority of qualified voters Of said Town voting
at an election duly and legally called and held ti
that purpose and pursuant to resolutors and o. d.
nanoes of the Town Council duly passed, approved
and adopted, and is authorized BY and issued IL
full compliance with the charter of said Town, anC
the Constitution and laws of the STATE Of Florida
Andit is hereby certified and reCited that al
acts conditions and things required by the Consu
tuition and laws Of the State Of Florida and thi
charter Of said Town TO exist happtn and be per
formed precedent to and in the issuance of thi
bond have existed, happened and been performed
IN regular and due torn, time md manner as re
quiied by law, and that the total Indebtedness o.
SAID Town including this bond oes not exceed am
Constitutional, statutory or charter limitation.
In witness whereof, said town of Madison, BY
its Town Council, has caused this bond to be sign