The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-09-16
LEGAL NOTICE.

the day specified in said notice for re-
ceiving bids the Board of Bond Trustees,
at meeting to be held at the City Hall
Building in said City Of Pensacola. shall
publicly open and read all bids received,
but no bid shall be accepted unless II
shall be approved by the City Council.
The Board of Bond Trustees shall have
the right to reject any and all bids. and
with the approval Of the Council to re-
advertise for sale and sell, or to sell
without re-advertisfng, from time to time
any OF said bonds remaining unsold.
Sec. 5. That all bonds when engraved.
shall be placed by the Board OF Bond
Trustees in such bank or banks or other
depository as shall be approved by the
monies received from the sale OF said
bonds shall be deposited by the Board of
Bond Trustees with such depository to
be applied in the payment and satisfac-
ton OF any and all bonds now outstand-
ing and intended to be compromised, re-
funded or extended hereby.
Sec. s. That 1t shall be the duty of
the Board Of Bond Trustees whenever it
sells, or otherwise disposes of any bond,
or bonds, to register the same in a book
to be provided for that purpose and to
troller. Such registration shall show the
number and denomination OF each bond,
when and to whom sold. or how disposed
Of. and the amount for which sold or
Sec. I. That the city Comptroller and
all other officers and agents collecting or
receiving any money from any assess
to the payment of the principal or interest
of said bonds, or any OF them, or any
portion of the indebtedness created
oftener, If required by the Board of Bond
Trustees, written reports, IN duplicate,
showing the exact amount collected or
received. by them, and the person or
source from which the same was received,
or collected. One of said reports shall be
kept in the records of proceedings Of the
Board of Bond Trustees. and the other
shall be filed with the City Comptroller
vfded for that purpose under the direction
of the Finance Committee Of the City
Council.
Sec. 8. That the Board Of Bond Trus-
tees of the City of Pensacola shall as
soon as practicable after the adoption of
this ordinance advertise for sale the said
Two Hundred and Fifty-four Thousand
Dollars of bonds, or so much thereof as
may be necessary, above mentioned, and
hereby authorize to be issued. for the
purpose of refunding the above men toned
bonded indebtedness of said City which
will mature on the 1st day of November
1911. Before said bonds are sold by said
City Council Of their advertisement Of
the sale OF the bonds and of the bids re-
ceived by them, and no sale Of the said
bonds by the Board of Bond Trustees
shall be valid or binding until the same is
confirmed by resolution or ordinance of
this Council The money arising from
the safe OF SAID Donds snaH De received
by said Board of Bond Trustees to be
held for the purpose of refunding the
bonded Indebtedness of said City above
mentioned. and applied only to such pur-
pose.
That each Of said Bond Trustees shall,
before the time of advertising for sale the
bonds herein authorized. furnish the City
q bond for the faithful performance Of his
duties in the sum Of Ten Thousand DOL
lars oslo. 0o). IN such form. and with
such surety. or sureties, as the Council
may approve
Sec. 9. That all ordinances and parts
Of ordinances in conflict herewith be and
he same are hereby repealed.
Sec 10. That this ordinance shall
take effect Immediately upon its passage
and approval
Passed August 23d. 1911.
Approved August oath. 1911.
Attest: FRANK REILLY.
l. G. AYMARD. Mayor.
aug26oaw4w City Clerk.