The Birmingham age-herald., 1916-07-20
CITY ORDINANCES

CITY ORDINANCES
 National bank in New York city, on the 1st day of February and August in each year; provided, however, that the bonds of each of said series shall be redeemabls by the city of Birmingham in numerical order before maturity in the following manner:
 One bond and such additional number of bonds of each series, as together with said bond shall not exceed in the aggre- gate ne-fifth part of such series on the 1st day of August, 1918, and similar number of bonds on the 1st day of August of each year thereafter by paying to the holder or holders thereof as bonus, a sum equal to one-half of the annual interest on the bonds redeemed, notice of redemp- ton to be given as prescribed in the form of bond hereinafter provided.
 Sec. 2. The said bonds shall be issued under the corporate seal of the city of Birmingham, and both bonds and coupons shall be signed by the president of the commission of the city of Birmingham and the city comptroller, the said city comptroller being ex-officio trea surer of the city of Birmingham, but the sigma lures upon the said coupons shall be by the Autographed or engraved fac-simile signatures of the said president and comp troller, which fac-simile signatures are hereby adopted as suf- ficient and authentic execution of said coupons That provision shall be and is hereby made for the registration of the said bonds in the name of the owner or bolder thereof, and the said comptroller is hereby authorized and empowered to register the said bonds in the name of the owner, both as to principal and in terest or only to principal, in the manner and form hereinafter prescribed. The form of the said bonds shall be substantially as follows
 UNITED STATES OF AMERICA, STATE
 OF ALABAMA, CITY OF BIRMING-
 HAM, CITY PUBLIC IMPROVE
 MENT GOLD BOND.
 NO.- SERIES. $500.
 The City of Birmingham, in the State of Alabama, for value received hereby promises to pay to bearer the sum or Five Hundred Dollars on the 1st day cf August, 1926 with interest thereon at the rate of five and one-half per centum per annum, payable semi-annually on the 1st days of February and August in each wear on the surrender of the respective interest coupons hereto attached IS they saverally mature, both principal and in~ terest being payable in gold coin Of the United States of the present standard Of weight and fineness at the office of The Hanover National Bank, in the City or New York, N Y.
 This bond can be registered, the regis tration to be certified hereon by the City Comptroller, and is subject to successive registrations or transfers at the option of the holder. The coupons may be sep arated from this bond and surrendered to the City Comptroller for cancellation. in which case the interest will be paid to the registered holder or order.
 This bond is one of series of bonds or like date, denomination and tenor, aggre- gating Thirty-five Thousand Five Hun dred Dollars, and numbered consecutive!y from one to -, inclusive. The City of Birmingham reserves the right to re- deem said series, including this bond, in numerical order, before maturity in the following manner:
 One bond of said series and such addi- tional number of bonds as together with said bond, shall not exceed in the aggre- gate one-fifth part of such series on the 1st day of August, 1918, and a similar number of bonds on the 1st day of Au- gust, in each year thereafter, by paying to the holder or holders thereof as bonus a sum equal to one-half the annual interest on the bonds redeemed, and the City of Birmingham shall give public notice of it's intention to redeem this bond before the dates above prescribed by pub
 
 weeks in a daily newspaper published in Birmingham, Alabama, said notice to con- tain a description of this bond by number and series.
 This bond is issued by virtue of and in pursuance of Sections 1409 and 1410 of the Code of Alabama, 1907, and acts amenda- tory thereof and supplemental thereto, and of an ordinance of the City of Bir- mingham duly passed, approved and pub- lished.
 This bond is issued for the purpose of providing funds for the payment of cer- tain municipal improvements made under Improvement Ordinance No.-.
 This bond is a general obligation of the City of Birmingham and the full faith and credit of said City of Birmingham are hereby pledged for the prompt pay ment of athe principal and interest hereof. and it is hereby certified, recited and de- clared that every requirement of the Con- stitution and Laws of Alabama relating to the issue hereof has been duly com piled with and that this bond is within every debt and other limit prescribed by the Constitution and Laws of the State of Alabama. In addition to being gen. eral obligation of the City of Birmingham this bond is also secured by assessments against the property benefited by said improvements and the funds arising from said assessments are sacredly and ire vocably pledged for the principal and in- terest hereof.
 IN WITNESS WHEREOF, the said City of Birmingham has caused it's seal to be hereto affixed and this bond to he signed by the President of the Commis- sion and the City Comptroller and ex officio City Trea surer, and the coupons hereto attached to bear the fac-simile signatures of said President and City Comptroller and this bond to be dated the 1st day of August, 1916
 -................ ................. President of the Commission of the City
 of Birmingham, Alabama.
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