The Birmingham age-herald., 1914-04-21
CITY ORDINANCES

PURPOSE OF coNSTRU CITING \
 MUNICIPAL AUDIToRIUM AND AC-
 DURING THE NECESSARY sITI.
 THEREFOR.
 Whereas, an election was held in the city of Birmingham, Alabama, on the 27th day of October, 1913. for the purpose of submitting. to the qualified voters of said city for their determina- tion by ballot. whether or not they would authorize the board of commits sioners of the city of Birmingham to is sue bonds of said city to the amount of two hundred thousand dollars ts200, ,000. 00), for the purpose of con structing a municipal auditorium and acquiring the necessary site therefor; and, of the qualified voters of said city vot- ing at said election voted in favor of said proposition and for said bond is sue: and,
 Whereas, on the 2sth day of October, 1913, said board of commissioners did meet in the council chamber in the city hall of said city, and did canvass the returns of said election and did ascer- tain and declare that a majority of the qualified voters of said city voting at said election voted in favor of author izing said issue of said bonds aforesaid, and that said proposition had carried.
 Now, therefore be it ordained by the board of commissioners of the city or Birming gham as follows:
 Section 1. That in conformity with said authority, bonds of the city of Bir- mingham shall be issued as follows for
  auditorium and acquiring the necessary site therefor, said auditorium to be a public municipal building to be used as a public meeting hall.
 The aggregate amount of said bonds shall be two hundred thousand dollars ts200. .00000), the denomination shall be one thousand dollars ts1000.00), and the number shall be two hundred (20O). numbered from one CD to two hundred t200). inclusive. The issue shall be as of date of May 1. 1914. and said bonds shall run for thirty (30) years from date; the rate of interest shall be five t5) per centum, payable semi annually, the first day of May and on the first day of November, and all such bonds shall have attached to same interest coupons which shall be signed by the president of the board of commission CTS of said city. and countersigned by the city comptroller; but their fac simile signatures may be Autographed or engraved upon said coupons. Said bonds and interest coupons shall be payable in gold coin of the United States of America, of the present standard of weight and fineness. at the Hanover National bank, in the city and state of New York
 Sec ?. That the form of said bonds shall NPTEp hs spOstratay sTarns o hMHRfcA aGlERT
 STATE OF ALABAMA
 CITY OF BIRMINGHAM
 MUNICIPAL AUDITORIUM BOND
 Know all men by these presents, that the city of Birmingham, municipal corporation in the state of Alabama. acknowledges itself indebted to the bearer hereof in the sum of one thou sand dollars. which sum it promises to pay on the first day of May ls44. to- the date hereof until paid, at the rate of five per centum per annum, payable semi-annually on the first day of May and the first day of November, on pre- sentation and surrender of the interest coupons hereto attached as they sever ally become due, both principal and in- terest being payable in gold coin of the United States of America of the pres ent standard of weight and ffneness, at the Hanover National bank, in the city and state of New York. This bond is issued under and in pursuance of the constitution and laws of the state of Alabama. including among others, chap ter 32 of article 27 of the code of Ala bama, 1907. and "an act to authorize the holding of elections by municipal corporations in the state. of Alabama for. the purpose of obtaining authority to issue bonds for the public purposes herein defined, and to provide for hold ing such elections, and declaring the re- suit thereof, and to authorize the issue of such bonds when majority of the voters participating in such election vote in favor of the issue of such bonds. and to regulate the issue. execution, sale and security of such bopds. ap proved August 26, 1909; and under and in pursuance of a. special election duly held on the 27th day of October. 1913; under said act and tile laws of said state, and in pursuance Of ordinances and proceedings of said city duly held, passed and adopted, this bond being is- sued for the purpose of the construc- tion of a municipal auditorium and ac- ouiring the necessary site therefor.
 It is hereby certified. recited and de- clared that all acts. conditions and things required to exist, happen and be performed precedent to and in the is suance of this bond have existed, hap pened and been performed in regular and due time, form and manner IS re- quired by law, and that this bond, to- getner with all the other indebtedness of said city of Birmingham, does not exceed any limit prescribed by the con stitution or statutessof said state. This bond and the interest coupons hereto attached are exempt from state county and municipal taxation, and, after the respective maturity thereof shall be re- ceivable in payment of all taxes and dues to the city of Birmingham.
 In testimony whereof, the city of Bir- mingham has caused this bond to be signed by the president of its board of commissioners and countersigned by its city comptroller and the official seal of said city to be impressed here on attested by the city clerk, and the coupons hereto attached to be signed with the engraved fac smile signature of said president and said comptroller, and this bond to be dated this the 1st day of May, one thousand, nine hundred and fourteen
 President of the board of commission
 tSeaD
 Attest: Countersigned.
 City Clerk. City Comptroller.
 COUPON
 On the. day of. ..........., 1g .. the city of Birmingham. in the state of Alabama, will pay to bearer, at the Hanover National bank. in the city and state of New York. twenty five dollars in gold coin of the United States of America of the present standard weight and fineness, being the semi->lnnual in- terest then due on it's Municipal Aud itorium Bond, dated May 1.l1914. No. President of the board of commission
 CTS.
 Contersigned,
 City Comptroller.
 Sec. g. That the president of the board of commissioners be and he is hereby authorized and instructed to sign said bonds, and that the city comp troller be and he is hereby authorized and instructed to countersign the same, and that the city clerk be and he is hereby authorized and, instructed to impress thereon the official seal of said city of Birmingham and to attest the same.
 Sec f. That the city of Birmingham will and shall levy and collect, in ac- cordance with law, such tax as may be necessary upon the real and personal property and all subjects of taxation in said city to pay the interest and prin- cipal of said bonds.
 Sec D. That the bonds provided for signed and sealed, be delivered to the purchaser thereof on the payment of the price, which shall not be less than par value taereof and accrued interest, and the receipt of the city comptroller. countersigned by the president of the 70 -f<,.,< l,n1y r..Iy