The Pensacola journal., 1913-11-20
Series No. =; ordInance No. 1s.


To BE Entitled: An Ordinance Providing
foE the Redemption Of Special improve
mspt Bonds Of the City Of Pensacola
Whereas, Under and pursuant to Chap
Ter 60S3, Laws Of Florida of 1909, entitled
IAN Act Relating to the Improvem
Alleys and Public Highways" said City
of Pensacola aid by ordinance approved
Ocloper 20 1911, provide ior tne issuance
provenaent Bonds of the city of Pensa
cola. Florida, to the amount Of three
hundred thousand dollars (s300, 600. .o0).
each of the denomination of Ave hundred
dollars ($500 00), dissIded into Series "a.
dated January /, 1912; Series 'B''. dated
July 1, 1912; and Series &C., dated Jan
uary /, 1913, Numbered l to 500, in
elusive. of which saId bonds sad City
of Pensacola has heretofore issued to an
amount in the 3ggregate of two hundred
and seventy one thousand and five hun
dred dollars. f$271, 500. 00), said issued
bonds being numbered to 428; AL to
$50, inclusive. One-nfth Q-5) of each
series Of said bonds being payable re-
spectively two. three four, five and six
served by said city to redeem any said
bond within twelve (12) months before
its maturity, at par and accrued interest
upon giving thirty (30) days notice by
mail to the registered holder at his regis
tered address. if the bond 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
owners Of property against which Special
Assessment Certificates weTa issued, as
provided by said Charger 60S3, and ordi-
nances of said City. and pledged 70 the
payment of said Special Improvement
sum of ninety thousand dollars, $780,
900 00) and
whereas: The Board of city Commits
sioners of the City of Pensacola deem 1t
advisable that twenty thousand and six
hundred dollars 1$20, 500 .O0) of. said mo-
ney in the Treasury to the credit or the
Special Improvement Bond Fund shall
be applied, soon as practicable, to the
reduction of said bonded indebtedness by
pelng w1n9 m aid The yea bana PecHahs He wis III
mature on July l. 1914; now therefore,
Be 1t Ordained BY the Board of Commis-
sioners OF the City of Pensacola:
Section I. 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
the City and State or New York, the
following of the above mentioned Special
improvement Bonds OF the City of Pen
sacola, to-wit:
Series B. Group I. numbered consecu-
lively POI to 240 inc~ussve of the denon1-
each, dated July I, 1912. and maturing
on July Ist.. 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 ($20,-
500 .0o). which shall be transmitted to
the United States Mortgage & Trust
Company in the City and State of New
York. on or before January l. 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 published in a news
paper published in the City of Pensacola,
and in a newspaper published in the city
of New York, once a week for thirty
(30) days preceding January /. 1914,
notice of the intention of the City of
Pensacola to exercise it's option to re-
deem, and of It's determination to re-
deems 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 /. 1874 a
copy of said notice 70 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 Immediately upon its passage.
Passed Nov. 3rd., 1918
Attest: c. w. EGGART
15SA6novoaw4w City Clerk.