The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-09-02
LEGAL NOTICE.

@~NfNM# MfAW E&taDrA8t-
FloFlda under and BY virtue Of an Act
81 the Legislature Of the state Of Flor
Ida approved June ,. 1917.
Whereas. under and pursuant to the
provisions Of an Act Of the Legislature
vi the State of Florida, approved June g.,
N911, entitled. "An Act relating to the
issuance Of Bonds and Special Tax Bills:
Taxes the Licensing, Regulation and
Prohibition Of Businesses. Occupations.
Trades and Anausements, and the Abate-
ment OF Nuisafces by the City OF PEN
sacola. and also to further alter and in
crease the jurisdiction. privileges and
powers Of said City In other matters per-
tanning to its general welfare, and to
Laws. the Mayer and council Of the city
OF Pensacola, Florida. are authorized to
refund the bonded indebtedness Of said
city maturing IN the year 1911, and Tor
gotiable coupon bonds Of said city, Of
such denominations, bearing such rate Of
interest not exceeding Eve per cent. @
terms and conditions as may BY ordinance
be determined. TO an amount not exceed
ing the total amount Of the principal and
ore years interest q the bonded indent-
Whereas. the bonded indebtedness Of
said city maturing in the year lsll con-
sists of bonds issued by said city pur-
suant to an ordinance OF said city app
proved September "a 1881, entitled An
Ordinance to Authorize the issue OF
New Series Of Bonds in conformity with
the vote Of the citizens, at an election
held 2sd day Of August. 1881. and in
satisfaction Of former series, which
said indebtedness viii mature on the lst
day Of November. Of said year; and on
said date the total amount Of which said
indebtedness. including tkle principal and
one years interest thereon, VIII amount
to@the SUM OF Two Hundred and Fifty
four Thousand (S254 000) Dollars; and
Wnaeraa aaid Act Of the Legislature
OF june B, 1911, provides, among other
things, that the Board Of Bond Trus-.
tees created by Chapter $3.50, Laws Of
the Bonds authorized to be issued by
said Act Of June 3. 1911. and az such,
shan have al the powers ana perform
said Chapter $3.50 vests in. and imposes
upon, them as TO such other Bonds mem
TONED In said Chapter, and requires that
the Council the form OF bonds to be is-
sued, and shall attend TO the engraving
of said bonds as may be provided by or
dinance Of said City. shall receive said
executed and shall thereafter have the
care and custody thereof until the same
are sold, ard shall receive and control
al moneys arising from the sale Of said
bonds and faithfully apply the same as
may be directed by resolution or ordi-
nance Of the Council solely for the pur-
pose for which said bonds were author
whereas the city Council as provided
by said Chapter $3.50. has duly elected
as Board OF Bond Trustees three duly
real estate therein, fuch Board Of Bond
Trustees being composed Of the follow
ing pen, to-wit: John A Merritt.
Trustees have duly qualified by giving
bondE. and taking oaths OF once and
Otherwise. as prescribed BY ordinances
OF said City and the Laws Of this
State. and said Board OF Bond Trus-
tees has reccmnen ended to this Coun-
cil~that- the negotiable coupon bonds Of
said City shall be engraved, issued and
bonded Indebtedness Of said city. which
viii mature on November i, 1871, az
aforesaid; that said Bonds shall be issued
in the name Of the City Of Pensacola.
and bear the corporate seal Of said City,
shall be known as "Refunding Bonds OF
the City Of Pensacola Florida" and shall
trelier. the Chairman OF the Board OF
Bopd Trustees. and attested BY the City
CleNlEg athAk said Bonds shall be Of thass7e~
nong4nnt Hons or 81 10000 and shall be num-
bered In the order IN which they are is
sued that said Bonds shall be issued on
the lst day Of October A. D. 1911. or
may provide by ordinance: that they
shall became due and PAYABLE thirty (30)
years after the date OF their issue: that
said Bonds shall draw interest from the
half per centum. (41z per centum) per
annum. payable on the LIST day Of April
and the LIST day Of October Of each year
and shall have interest coupons attached
payable on said dates; that the principal
and interest Of said Bonds shall be pay
able1in Gold Coin Of the United States Of
America Of the present weight and fine-
ness. lat TIE Once Of the United States
Mortgage and Trust Company in the City
ofASew x orks and that the form of said
BofAs shall be such as is hereinafter
fore1e
BE II ordained by the Mayor and coun-
cIl. 81 the city of Pensacola.
Section l. That in accordance with
the Recommendation Of the Board Of Bond
Trustees Of the City Of Pensacola, nego-
liable coupon bonds of the city Of PEN
sacoia shall be issued In conformity with
said recommendation. for the purpose
and amount. and a is hereinafter pro-
vfded The said Board of Bond Trus-
tess Is hereby authorized and directed to
havssengraved such coupon bonds of the
City Of Pensacola, to be known as IRE
funding Bonds Of the City Of Pensacola,
Florida TO the amount OF Two Hundred
ana 51Fifty-four Thousand ($254. ool
Dollars. each Of said Bonds to be Of the
denomination OF One Thousand Dollars
two hundred ana ffty-four both inS
elusive: to bear interest at the rate OF
four and one-half per centum az per
sn aS Per st nna eto Ssp1s se n bear
date October 1. 1911; to be payable
thirty 900 years after said date. The
prinsipal end interest q said Bonds shall
States Mortgage and Trust Company in
the City and. State Of New York.
Sec D That in accordance with said
recommendation Of the Board OF Bond
Trustees the form Of said Bonds and
Coupons speiI be substantially as fol-
UNITED STATES OF AMERICA.
STATE OF FLORIDA,
Mo- CITY OF PENSACOLA No
s1.0oo- RHFUNDING BOND. Sf.e0e
For value received. the City of Pensa-
cola. q municipal corporation In the
STATE Of Florida hereby acknowledges
itself Indebted and promises to pay to
bearer the sum Of One Thousand Dollars
(s1,0e0l thity years after date. with In
terest at the rate OF four and one-half
per centum per annum, payable serni-
annually April and October 1, on pre-
sentatlon and surrender Of the annexed
interest coupons as they severally become
due both principal and interest being
payable IN gold coin Of the United states
OF America of the present standard
weight and dneneSs at the ofilce OF the
United States Mortgage and Trust Com
pany. IN the CITY and state Of New York.
This bond IS issued BY the City OF PEN
eacoia for the purpose Of refundtng GER
tain valid outstanding. subsisting bonded
indebtedness Of said City. maturing In
the year 1911, under and IN fun COM
pliahce with the Constitution and Laws
OF the State OF Florida. Including among
others Act ~ tha Taofslatura of the