The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1913-11-13
Series No. q: Ordinance No. 10.

To Be Entitled: An Ordinance Providing
for the Redemption of Special Improve
meat Bonds OF the City OF Pensacola.
Maturing July I, 1914.
Whereas Under and pursuant to Chap
ter 60sS. Laws of Florida OF 1909. entitled:
San Act Relating to the Improvement
bv the CITY of Pensacola Of it's Streets,
Alleys and Public Highways" said City
of Pensacola aid by ordinance approved
October &c. 1911, provide for the issuance
of certain bonds, known as Special I'M
provenent Bonds Of the lily of Pens3
cola, Florida, to the amount OF three
hundred thousand dollars (sS00, 600 GOD,
each of the denomination of Ave hundred
dollars ($5o0. oo), divldea into Series
dated January 1 l9i2; series erie. adt dated a
uary I. 1913. Numbered to 500. in
elusive, of which safd bonds sad City
OF Pensacola has heretofore issued to an
amount in the eggragats of two hundred
and seventy one thousand and five hun
bred dollars ($271. 500 0O), said issued
bonds being numbered 1 to 1928: al to
46e: 4S1 to sos: 521 to $40; and sci to
5Ss. inclusive. One-fifth (1-5) of each
series of said bonds being payable re-
years after date, with the option re-
served by said city to redeem any said
bond within twelve (12) months before
its maturity At par End End accrued Interest
mail to the registered holder at his regis
tered address, if the bocd be registered
said time in a newspaper published in
the City Of Pensacola, and in a newspa-
per published In the City Of New York;
and
whereas. There is now in the City
Treasury to the credit Of the Special
Improvement Bond Fund money paid by
Assessment Certificates were issued, as
provided by said Char-er 60S3. and ordt-
nanceS of said City, and pledged 70 the
payment Of said Special Improvement
Bonds. amounting approximately to the
sum of ninety thousand dollars, esq.,
GOO 00) and
sioners of the City Of Pensacola deem 1t
advisable that twenty thousand and six
hundred dollars $3.50. 500 00) of said mo-
ney in the Treasury to the credit Of the
Special Improvement Bond Fund shall
be applied. as soon as practicable, to the
reduction of said bonded Indebtedness by
redeentng within the year preceding It's
maturity each Of said bonds which viii
mature on July 1, 1914: now therefore.
Be 1t Ordained BY the Board of Commits
sioners of the City Of Pensacola:
Section 1. That the city of Pensacola
shall exercise its option to redeem at par
and accrued interest on the first day OF
January, 1914. at the office of the United
States Mortgage & Trust Company. in
the City and State OF New York. the
following of the above mentioned Specfal
Improvement Bonds of the City Of PEN
Series B. Group 1, numbered consecu-
lively 201 to $40 int~ussve of the denom-
ination of five hundred dollars ($500 GOD
on July 1st., 1914; and that for the pay
ment and redemption of said bonds the
Comptroller shall draw a warrant on
the City Treasury. payable out of the
Special Improvement Bond Fund in the
City Depository, for the sum Of twenty
thousand and six hundred dollars (S20,-
600 .00), which shall be transmitted to
the United States Mortgage & Trust
Company in the City and State OF New
York, on or before January /, 1914, to
be used and applied by it solely to the
payment and redemption of said bonds at
the time and manner herein provided,
Sec. 2. That the Mayor and Comptroller
shall cause to be pS-ofished in a news
paper published In the City of Pensacola,
and in a newspaper published in the city
of New York, once week for thirty
800 days preceding January 1, 1914,
notice of the intention of the City OF
Pensacola to exercise its option to re-
deem, and of it's determination to re-
deem, 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
(30) days preceding January l, 1914, a
copy of said notice 10 each registered
holder of said bonds at his registered
address. if any of said bonds be regis
tered.
Sec. 8. That this ordinance shall take
effect immediate upon its passage.
Passed Nov 3rd., 1913
Attest: c. w. EGGART,
15SA6noVoaw4w City Clerk.