The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1916-01-11
Series no. 5 Ordinances No. g.
An Ordinance 20 be Enflflndi

/ An Ordinance to Provide for the Re-
| demption OF certain Special Improve
| ment BodnE of the City Of Pensacola,
maturing July list, 1915.
| Whereas under and pursuant to Chap
1 ter 808s Laws Of Florida. Of 1908 en-
| titled: An Act relating TO the Improve
| ment by the City Of Pensacola OF Its
Ordinances of said City passed in pur-
suance thereof. said City OF Pensacola
did issue certain bonds known al
Special Improvement Bonds OF the City
of Pensacola, Florida" each OF the de-
nomination OF i've hundred (S5o0.) dollars
dated July LIST. 1910, designated series O.
group 5. and numbered Eve hundred
500 inclusive. which said bonds are pay
able six years after the date Of their Is
suance, and viii mature on July LIST,
1915; and
by said City to redeem any said bond
at any time within the year preceding
the time Of It's maturity, at par and ao-
crued interest, upon giving thirty C8Ol
days notice By mail to the registered
holder at his registered address. X the
bond be registered, and by publication
paper in the City OF Pensacola, and in
newspaper published in the City OF New
York; and
Whereas, there is now in the City
Ireasurery to the credit OF the said
Special Improvement Bond fund money
paid by the owners of property against
which Special Assessment Certificates
were issued, as provided by said Chapter
beS3 and ordinances aforesaid, and
pledged to the payment CT said Special
Improvement Bonds sufficient in amount
TO TO redeem az par and accrued interest ON
mentioned bonds; and
Whereas, the Board Of Commissioners
Of the City OF Pensacola deem It adytsa-
BILE that said bonds shall be redeemed
on said LIST day OF April 1916, now, there
fore,
BE it ordained by the Board OF Com
missioners 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 list day
OF April 1916, at the Office Of the United !
states Mortgage and Trust Company, IN 1
the City and state OF New York the I
following Of. the above mentioned Special /
Improvement Bonds Of the City OF PEN /
sacola, to-wit:-
Series C. group 5, Nos. ave hundred /
siXty-one TO ave hundred eighty (561- +.
to $500, inclusive, OF the denonina ton 4
dated July !, 1910. and maturing on July !
1, 1916: and that for the payment and I
redemption OF said bonds the Comp i
trolier shall draw a warrant on the City
Treasury payable out OF the Special Inn
proyement Bond Fund Of 1909 In thu
City Depository for the sum OF Ten
Thousand and TWO Hundred Dollars l.
$50. 10000 which shall be transmitted I
to the United States Mortgage a. Trust
Company, in the City and State Of New
York, on or before April 1, 1916. to be
used and applied by Il soley to the pay
rnent and redemption Of said bonds at
the time and manner herein provided n
Section 2. That the Mayor and Comp
troler shall cause to be published IN q Il
newspaper published In ahe City Of PEN n
sacola, once e week for thirty days pre- u
ceeding April !. 1916, and in a news
paper published in the City Of New York
due notice OF the intention Of the CITY N
of Pensacola to exercise its option to
redeem, and OF It's determination to re-
deem, at the time, place and manner
zach Of said Special Improvement Bonds,
- is herein provided, and that the
Comptroller shall mail at least thirty
days preceding April /, 1916, a copy OF
said notice to each registered holder Of
said bonds at his registered address, IL
my Of said bonds be registered.
Section 3. That this ordinance shall
lake effect Immediately upon its passage.
Passed January 10, 1916.
Attest: 9. W. EGGART,