The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-11-28
LEGAL NOTICE.
AN ORDINANCE

- sioa. TOR the purpose OF paying the sums
payable by lots or parcels of land and
railroads for Improvements assessabe
- TO said lots or parcels of land and rail-.
roads. as provided by an ordinance OF
Il titled: IAN Ordinance Providing for
the Grading, Paving and CURLING of
certain Streets In the City of Pensa-
1 Be it ordained by the Mayor and Coun-
III Of the City of Pensacola. Fla:
Section 1. That for the purpose of
saS1ng the sums payable by lots or par
Z eels Of land and railroads for the i'm
lpfovements assessable to said lots or par
GELS OF land and railroads as provided by
5anTordipance approved March 81 1911, en-
lied: IAN Ordinance Providing for the
5s5rzding, Paving and Curbsng OF certain
Streets in the City of Pensacola" and
ida of 1911, the Board of Bond Trustees
of the City Of Pensacola be, and are here
by. directed to have printed, autographed
Pensacola, to be known as special I'm
provemnet Bonds of the City of Pensa-
cola. Florida, to the amount of Three
Hundred Thousand Dollars ($300, 000. 00),
each of said Bonds to be of the denomi-
nation Of Five Hundred Dollars ($500.00),
to he numbered from 1 to 500, both in
elusive to bear interest at the rate of six
peEs cent. &c per cent? per annum, pay
able semi annually, to be in three Series
of 500, 100000 each, lettered A. B and c,
Series n 50 A. 0 Janua nsts 1872; Series B. July
l, 1912; Series c, January 1, 1918, one
fifth of each. Series to be payable respec-
tiSely 2, 8, 4, and 6 years after date,
with the option of the City to redeem any
bond within twelve months before Its ma
turity. at par and accrued interest, upon
giving as hereinafter Elm provided csd thirty
See 2. At each settlement with the
contractor, or contractors, for the i'm
movements authorized by the aforesaid
ordinance the Board of Bond Trustees
shall deliver to the contractor, or his as
signs, so many of such Bonds as he may
In entitled to under the terms OF his
contract, less such sums as the City may
be able to pay him in cash realized from
the payments made by the owners of lots
and parcels of land and railroads for the
improvements assesSable to said lots and
parcels of land and railroads, respec-
lively, provided by the ordinance and
~ law aforesaid. The Bonds delivered shall
sbe. as far as possible. of the Bonds bear
ing date prior to the delivery as afore-
said and in all instances the interest
upon Bonds delivered shall be adjusted
with the contractor at the time of such
delirery. The City binds itself to retain
. the assessment certificates provided for
by said ordinance and law. as security
for the payment of the said Bonds. and
to collect the same, but no specific certif-
cate, or group of certificates, shall be held
to be pledged as security for the pay
and the payment to the City of any GER
tif1cate shall release the property, or rail-
road, covered by such certificate. After
the contractor, or contractors: SHAH be
done by said ordinance, and by the pro-
visions of the contract entered into under
the provisions of said ordinance all Bonds
not delivered to the contractors as afore-
said shall be destroyed by the City. A
record shall be kept by the City Comp
troIier of all Bonds issued under this or
dlnance, and OF all bonds destroyed as
= aforesaid, and OF the payment OF all
y bonds as the same shall be paid.
- Sec. 8. That in accordance. with the
recommendation of the Board of Bond
p Trustees. the form of said bonds and
coupons shall be substantially as follows:
UNITED STATES OF AMERICA,
STATE OF FLORIDA
Series. Group.
s5oo.Oo $4,000
SPECIAL IMPROVEMENT BOND.
= For value received, the City of Pensa-
COLA a municipal corporation of the State
--of Florida, hereby acknowledges itself in
debted, and promises to pay to bearer, or
the registered holder. If this bond be reg
istered, the sum of Five Hundred Dollars
with interest at the rate of six per
centum per annum, payable semi annually
on .-............ lSt ana ......--....
LIST, on presentation and surrender of the
annexed interest coupons, as they sever
ally become due. both principal and inter-
est being payable in gold coin OF the
United States of America, of the present
weight and fineness. at the Office of the
3 United States Mortgage and Trust Com
pany in the City and State of New York.
The City of Pensacola hereby reserves
the option or privilege of redeeming at
par and accrued interest, any Of the
series of bonds of which this is one, at
any time within the year preceding It's
maturity, upon giving thirty days notice
a lay mail TO the registered holder at his
registered address, if this bond be regis
y tered, and by publication once each week
OF said time IN a newspaper published IN
the City of Pensacola, and in a news
=. paper published in the City of New York.
This bond is issued by the City of
orn1 tn 10 flnn
the constitution and the laws of the State
of Florida, and ordinances of the said City,
including among others an Act of the
Legislature of said State, entitled, AN
Act relating to the Improvement by the
City of Pensacola of its Streets, Alleys
and Public Ways" approved April rs:
tsaid City, duly had and adopted in &C
cordance with the Constitution and
Statutes Of the said State and Charter of
Z said City. This bond is one of a group
OF forty bonds of like date, tenor and
amount, which are part of a series of
two hundred bonds, which are part of
kRll issued under the Act aforesaid, and
the ordinances passed in pursuance there
1t is hereby certified. recited and de-
clared that all acts conditions and things
required to exist, happen and be per-
formed precedent to and in the issu-
ance of this bond, have existed happened
and been performed in due time, form
and manner as required, and that this
bond. together with all the other indebt-
edness of said City, does not exceed any
limit prescribed by the constitution and
statutes of the said State or the Charter
of said City. and that the faith and credit
of said City and the entire taxable prop
erty lin said City are hereby irrevocably
pledged to the punctual payment of the
principal and interest of this bond.
In witness whereof, said City of Pen
saeola has caused this bond to be signed
by its Mayor and City Comptroller and
the corporate seal of said City to be here
10 affixed, attested by its City Clerk and
the coupons hereto attached to bear
autographed or engraved signatures of
said Mayor and City Comptroller and this
BOND 10 be dated NEUTRALITY-SUSPICIOUS.. .
SO, Getty SeaD Mayor.
Attest: ..,...........
neutrality-suspicious.. City Comptroller.
City Clerk.
5-2 CForm Of Coupon
The-City of Pensa COLA municipal cor
poratlon OF the State of Florida, will pay
to bearer .....,.,.......,.. 49,
at the office Of the United States Mort
sage and Trust Company, in the City of
New York, the sum of $500 in gold coin
of the United States of America, of the