The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1915-07-09
Series No. 4, Ordinance No. So.
AN ORDINANCE

To Be Entitled: IAN Ordinance to Pro-
Vide for the Issuance and Sale Of
Bonds, to Be Known as the Water
City of Pensacola, in Accordance With
the Provisions of the Act of the Legis-
Iature OF the State Of Florida, Approved
Authorize the City Of Pensacola, Flor
Ida, to Issue Negotiable Bonds for
Certain Municipal Purposes"
Whereas. the Act of the Legislature Of
the State Of Florida, approved June list.
1915, entitled: AN Act to Authorize
Negotiable Bonds for Certain Municipal
Purposes" authorized the Board of Com
missioners of the City of Pensacola,
Florida, to provide by ordinance for the
of said city for the several purposes and
amounts therein enumerated.
Whereas, the, question of the issuance
Of said bonds was duly submitted to the
qualified electors of the City of Pensa-
cola as provided by the aforesaid Act
of the Legislature of the State of Florida
at the election which was duly held in
said city on the 7th day of June, 1915;
and
whereas, the votes at which said
election have been duly canvassed and
the results thereof declared. and at
which said election the majority OF the
votes cast thereat by the qualified voters
qualified to vote. and voting thereat were
cast in favor of the issuance of bonds
for each and all of the amounts and
purposes specified in said Act, as follows,
to-wit:
For the purpose of erecting and equip
ping buildings for the use of the fire and
police department of said city the sum
Of Ten Thousand (s10, o0o.O0) Dollars.
For the purpose of erecting, equip
ping extending and improving the build
ings and plant of the water department,
and constructing and equipping Of stable
for the department of streets and public
works the sum of Twenty Thousand
($20, o0000) Dollars.
Now, Therefore, Be 1t Ordained by the
Board of Commissioners of the City Of
Pensacola:
Section /. That pursuant to the afore-
said Act of the Legislature of the State
of Florida, and as authorized by the vote
OF the electors of said city as aforesaid,
negotiable coupon bonds of the City Of
Pensacola shall be autographed, or en-
graved, issued and sold as hereinafter
provided, and in accordance with the pro-
visions Of said Act, for the several pur-
poses and amounts following. to-wit:
For. the purpose Of erecting and equip.
ping buildings for the use of the fire and
police departments Of said city the sum
Of Ten Thousand (s1o,0oo) Dollars.
For the purpose Of erecting, equip
ping, extending and improving the build
ings and plant of the water department,
and constructing and equipping of stable
for the department Of streets and public
works the sum Of Twenty Thousand
(SZU,UuU)
Section 2. The bonds hereby author
ICED to be issued shall be designated as
| the Water Works and City Building
Bonds of the City of Pensacola, Florida,
and shall be issued in the name of said
City. of Pensacola, Florida, and shall be
signed by the Commissioners of the said
city, under the seal Of said city, attested
! by the city clerk, and shall be counter
4 signed by its comptroller.
Said bonds shall be divided into four
series and numbered eonsecutively, as
/ follows:
Series A shall be numbered i to 20.
| both inclusive, and shall be of the de-
nomination OF Five Hundred Dollars
/ ($500.00) each.
Series B shall be numbered 81 to 100
| both inclusive, and shall be Of the de-
nomination OF One Hundred Dollars
| (steO.00) each.
Series c shall Be numbered 121 TO gao
both inclusive, an dshall be Of the de-
nomination Of Fifty Dollars ($50.0o,
| each.
4 Series D shall be numbered al to 800
i both inclusive, and snail be of the de.
nomination Of Twenty Five Dollars
) (s25.00) each.
Said bonds shall bear date of July 1st
1915, and be payable ten 11o) years aftel
said date, and shall bear interest at tn
rate of six (6) per cent per annum, pay
8 able semi annually, January 1st and Jul.
LIST.
The principal and interest Of said bond
shall be payable at the American
| National Bank. of Pensacola. Florida.
Section 3. The form Of said bonds AM