The Birmingham age-herald., 1913-06-30
CITY ORDINANCES
ORDNANCE I6a-(

An ordinance providing for the is
suance of bonds to the amount OF
outstanding contractors estimates for
public imnrovem
WHEREAS, the assessments for the
cost OF improvements made under i'm
provement ordinances Nos. 646, 624, 621
62s, 5Ss, 6S7 and 6e1 of the city of Biz
mingham have been made final on the
of the cay cost st of said nn@ snn n
outstafding contractors estimates, and,
viding means to pay for the part OF
essary to issue and sell bonds to the
amount Of s66;599;9o; nm =,
RAlNED by the Board of Commission
80 of the city of birmingham as fol.
pal '-ie amount % of Soo6o fsa1 Of the denom on
ination Of $500 each and numbered
Series Suber Number ss55Ga,, Numbers Sunbers Iii
Series Number s21, Numbers !
Series Series N"mSsr ss$ Numbers NaBsrs 5 55
Series Series N,n,be, Number ss7, Numbers
unpaid part Of said improvements. The
said bonds shall run for 10 years. and
h anover sr SRru NatPoSa PSaof Bank ia NeM
York City. provided. however that they
period by paying the holders M S thereof ofs as al
bonus a sum equal to half the annual
under the corporate seal Of the city of
birmingham and both bonds and cou--
Pc pfe1tSb tbs shall Rdd be signed by the President
City, Comptroller, The form of said
bonds shall be substantially as follows,
UNITED STATES OF AMERICA
City of Birmingham
City Public Improvement Bond
The City Of Birmingham, in the state
sum of, Five. Hundred, Dollars on the
on al Shey rate of of w per cent per
the respeetiyyse interest coupon attached
tssregt ter being payable In gold coin Of
ard Of weight and fineness at the office
of The Hanover National Bank in the
Of % series IL bonds IT ah like e0qa date Is
denomination and tenor aggregating
$........ and numbered consecutiysly
city of birmingham reserves the right
TO redeem this bond before maturity
Holder thereof as a bonus a. a sum equal
Mpd the eots f of Of 5 shall sye
this bond before such interest date by
publication once a week for three con-
published in Birmingham Ala, said
notice to contain a description of this
bond by number and series. This bond
issued by virtue of. and in pursuance
of sections 1409 and 14I0 of the Code
Of Alabama, 1907, and of an ordinance
Of the City of Birmingham duly passed,
approved and published.
This bond is issued for the purpose
of providing funds for the payment of
certain improvements made under i'm
provement ordinances Nos. ......
And 1t is hereby recited that every
requirement of the constitution and of
the laws of Ala bama relating to the
Issue hereof, has been duly complied
with, that the funds arising from the
particular assessments on account of
said improvements are sacredly and
irrevocably pledged for the payment
Of the principal. and interest OF this
bond and that this bond is within every
debt and other limit prescribed by the
constitution or laws of the State of
Alabama.
The full faith and credit of the said
City of Birming CHAM are hereby pledged
for the prompt payment of the principal
and interest hereof.
In Witness whereof the said City
Commission of Birmingham has caused
its seal to be hereto affixed ani this
bond to be signed by the President of
the Board of Commissioners and the
City Comptroller this 1st day of July.
1913.