Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1911-07-01
OFFICIAL PROCEEDINGS OF
THE MAYOR And COUNCIL
Business Transacted At Their Regular Meeting Held On
Monday Night, June 20

q call by the Mayor and City Council,
more than two-thirds of the qualified
voters of the City of Americas voted
in favor of the issuance Of bonds Of
said City in the aggregate amount Of
/ $4,000, bearing interest at per cent
per annum, for the purpose of paving
streets in said City, and
] Whereas, said bonds were duly val
idated by the Superior Court Of Sum-
/ ter County, Georgia and
Whereas, the coming on of the fl
nancial panic in 1907 made it impos-
sible for the City of Americas to isl
sue and dispose of the said bonds, and
| il was furthermore deemed inadvisable
to issue and dispose of the same I'M
til the determination by the courts Of
an action in the Superior Court Of
said County, attacking the legality If
a certain contract known. as THE
Dodson Contract" which action has
now been determined by said Court in
favor of the inyalidity of said con-
tract, and
Whereas, it is now deemed advis-
able to issue and sell the said bonds
and contract for the sale thereof
has been entered into with Handle
ton & Company, of Baltimore, Mary
land,
Now Therefore, be it ordained by
the Mayor and City Council Of Amer
icus, and it is hereby ordained by
the authority of the same,
Sec. /. That for the purpose Of
paving streets within said City of
Americus there be issued the negoti-
able coupon bonds of the said City OF
Americas in the aggregate sum Of
100000, consisting of forty bonds OF
$1,000 each, numbered from 1 to 10
both inclusive, said bonds to bear date
of July 1, 1911 and be payable July 1,
1871, without option of prior payment,
and to bear interest at 4 per centum
per annum, payable on the first days
of April and October in each year
upon presentation of interest coupons
to be attached thereto, both principal
and interest to be payable in gold
coin of the United States of the pres
ent standard of weight and ineness,
at the Hanover National Bank in the
City of New York.
Sec. 2. Be it further ordained by
authority aforesaid that the Mayor and
Chairman of the Finance Commute be
and they hereby are instructed to
have said bonds and interest coupons
prepared for signature, whereupon
the said bonds shall be signed by TIE
Mayor and countersigned by the Clerk
and Treasurer, with the corporate
seal of the City affixed thereto, and
the said coupons shall be signed with
the autographed or engraved sigma
lures of said Mayor and Clerk and
Treasurer.
Sec 8. Be it further ordained by
authority aforesaid that said bonds
and interest coupons shall be in
substantially the following form:
UNITED STATES OF AMERICA.
STATE OF GEORGIA,
COUNTY OF SUMTER,
CITY OF AMERICUS
STREET PAVING BOND.
Know All Men By These Presents,
That the Mayor and City Council of
Americas, in the County of Sumter
and State of Georgia, acknowledges TO
owe, and for value received hereby
promises to pay bearer ONE THOUS-
AND 100000 DOLLARS on the First
day of July, 1871, with interest there
on from the date hereof, at the rate
of FOUR (D PER CENTUM per an
mum, payable semi-annually on the
| first days of April and October in
each year and at the maturity hereof,
on presentation and surrender of the
annexed interest coupons as they sew
orally become due
Both principal and interest of this
Bond are hereby made payable in gold
coin of the United States of America
of the present standard of weight and