The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-07-25
LEGAL NOTICE.
AN ORDINANCE

To be entitled, An Ordinances providing
for the redemption Of Special Improve
ment Bonds OF the City Of Pensacola,
fsis. January " ana July ''''
Whereas. Under and pursuant to Chap
ter 60sS, Laws of Florida OF 1909, entitled,
the City of Pensacola of Its Streets, Al
leys and Public Ways" and Ordinances
Of said City passed in pursuance thereof,
said City of Pensacola did issue certain
Bonds of the City Of Pensacola, Florida"
amounting In the aggregate to Two Hun
dred and Seventy-two Thousand Dollars
of Five Hundred Dollars $500 0O). d.
vtded into Series A, dated July /, 1909
Series B, dated January 1, 1910 and Series
c, dated July /, 1910, Numbered / to 499
and AL to 46s. 4S1 to 500, 521 to $40 and
661 to 5SS, inclusive, one-flfth Of each
Series being payable, respectively 2, 3, 4,
., and years after date, with the option
bond within twelve months before its ma
turtty, at par and accrued interest, upon
giving thirty days notice by mail to the
registered holder at his registered ad-
publication once each week of said time
In newspaper published In the City OF
PensacoIa ana In a newspaper published
in the City of New York; and
Whereas, There Is now in the City
Treasury to the credit of the Special I'M
provement Bond Fund. money paid by
owners of property against which special
assessment Certificates were issued as
provided by said Chapter 60S3, and Ordi-
nances aforesaid, and pledged to the pay
ment Of said Special Improvement Bonds,
amounting approximately to the sum Of
Seventyfive Thousand Dollars ($75,-
900. 00); and
Whereas, The Mayor and Council of the
City OF Pensacola deem 1t advisable that
Fifty-f~e Thousand and Forty-flve Dol
lars (s55,o45), Of said money in the
Treasury to the credit of the Special I'm
provement Bond Fund shall be applied
as soon as practicable to the reduction of
said bonded Indebtedness by redeeming
within the year preceding its maturity
each of said bonds which will mature on
January 1, and July 1, 1912; now, there
fore,
Be it Ordained by the Mayor and Coun-
ell of the City of Pensacola:
Section /. That the City Of Pensacola
shall exercise its option to redeem at par
and accrued interest on the LIST day Of
September, 1911, at the Office Of the Uni
ted States Mortgage and Trust Company,
in the City and State Of New York, the
following of the above mentioned Special
Improvement Bonds of the City of Pen
sacola, to-wit: Series A, Group 2. num-
bered consecutively IL to so. inclusive, of
the denomination OF $4,000 each, dated
July l, 1909, and maturing on July /,
1912; Series B, Group l. numbered con-
secutively 201 to 240, inclusive Of the de-
nomination Of $50O.00 each, dated January
l, 1910, and maturing on January l, 1912;
SCA lSS ~ NLOup l. huLuOSISu CONSECUTIVE
ly 401 to 429, inclusive, of the denomina-
tion of $4,000 each, dated July l, 1910.
and maturing on July !, 1912, and that for
the payment and redemption of said
bonds the Mayor shall draw a warrant on
the City Treasury payable out of the Spe-
Cial Improvement Bond Fund in the
City Depository for the sum OF Fifty-fve
Thousand and Forty-five C$55, 045 00) Dol
lars, which shall be transmitted to the
United States Mortgage and Trust Com
pany in the City and State of New York
on or before September l, 1911, to be used
and applied by 1t solely to the payment
and redemption of said bonds at the time
and manner herein provided.
Sec. 2. That the Mayor and Comp
troller shall cause to be published in a
newspaper published in the City Of Pen
sacola and in a newspaper published in
the City of New York, once a week for
thirty days preceding September l, 1911,
of Pensacola to exercise its option to re-
deem and of its determination to redeem
at the time, place and manner, each OF
said Special Improvement Bonds, as is
herein provided, and that the Comptroller
shall mail at least thirty days preceding
September l, 1911, a copy of said notice
TO each registered holder OF said bonds
at his registered address, il any of said
bonds be registered
Sec. 3. That this ordinance shall take
effect Immediately upon its passage and
approval.
Passed July 20. 1911.
Approved July 81. 1911:
Attest: FRANK REILLY,
L. G. AYMARD, Mayor
City Clerk. jly25oaw4w