The enterprise-recorder. (Madison, Fla.) 1908-1933, 1910-04-14

| OkDlNANCh NJ W.
An Ordinance prescribing the form and details Of
the issue of $4,000 school bonds of the Town of
Madison, and providing for the lew OF tax 10
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 a majority Of the qualified
voters Of said town voted in favor OF the issuance
Of bonds of said Town in the amount OF Sl0OJO nor
The purpose OF raising money 10 be used an erect
! ing or aiding IN the erection Of dormitory and
such other buildings IN connection with the pnDDe
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 Tor the mainttn'
ancr or efficiency OF any school or 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 for
the sale Of present issue of $1,000 of said bonds
Al price which is In excess of " cents on the doll
lM ana -, oc,s cooa,,,oos and ,b,rcs reonired
by law precedent TO the T. suance of said bonds
have been had and done in the ume, form and man
ner required nv law;
Now Therefore, be il ordained by the Council Of
the Town OF Madison, FlCrida:
Section | That for the purpose of raising money
10 be used IN erecting or 10 ali IN The erection
Of dormitorv and such other buildings in tonncc.
ton with the public school building now situated
In said town, now called the Flor da Normal In
sttutc, or such additions thereto as may from time
10 time be deemed necessary by the Town ounCil
for the maintenance and efficiency Of any school or
schools that NAV be established or conducted there
in, there Is hereby ordered and directed to be Is.
sued the negotiable coupon bonds Of said Town OF
Maids IN tee mount Of Fifteen Thousand Dol
lars Sl5UnL consisting of thirty hunts of the dc
nomination Of $500 each, numbered 10 30 inclns.
i've. SAID bonds shall be known and designated
AS "Schoo Bunds,n shall be dated September l5th,
1909 shah mature thirty 0) ears from their date,
the Tow, however, reserying the option to redeem
the same at a, Time after FIVE years fom their
dat; shall bear interest a the rate OF sly (O CT
centum per annum, payable annually on September
9Th Of each Year and both principal and interest
shall be pINabe In lawful money OF the United
States at the Office Of the Treasurer of the Town
Of Madison, Florida or At the option Of the holder
of said bonds at the Office of Duoe NJ. Farson, m
the city Of Chicago, Illinois, payable in New ORR
Exchange,
S,cuon 2. Said bonds and coupons shall be in
substantially the following folms respectively to-
United States of America, State of Florida, County
Of Madison, Town Of Madison,
SCHOOL BOND
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 SAID State. acknowledges itself
indebted and for value received hereby promises TO
pay to bearer FvellundrcdD Dollars IN lawful money
| Of the United States Of America, on the 18th 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 on said sum from the
date hereof until paid at the rate Of SIX 49, per
Centum per annum, payable annually on the 10Th
coupons hereto attached as they severally become
! lue both principal and in,ere.t being PAYABLE al
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 IL
| New York Exchange, And for the prompt pay
ment Of the principal and interest Of this bond a
maturity, the full faith credit and resources of sale
Town are hereby lrreyocabiy pledged.
| This Bond is issued for the purpose of raising
funds to erect or aid in the erecting of a puhlit
school building H. said town, with dormitorY ant
such other buildings IN connection herewith or ad
! ditons thereto may from time to time te deem
ed necessary by the Town Council for the mainten
ance and efficiency of any school or schools tina
may be established and conducted therein, and Il
issued pursuant TO theiayorable vote of more than
a majority of qualified voters of said Town vounl
az an election duly and l,gally called and held f.
that purpose, and pursuant to resolutions and o. d.
nances of the Town Council duly passed, approved
and adopted, and is authorized bv and issued II
full compliance with the charter of said Town, anC
the Constitution and laws Of the State Of Florida
| Audit 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 ot said Town to exist happtn and be per
formed precedent to and IN the issuance Of th
bond have existed, happened and been performed
IN regular and due form, time and manner as re
qured by law, and that the total Indebtedness o
said Town including this bond ,:ots not exceed an,
Constitutional, statutory or charter limitation,
In witness whereof, said town of Madison, b!
its Town Council, has caused this bond to be sign