The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1916-02-01
series No. 8 Ordinance Mo. 9.
An Ordinance to be Entitled:

An Ordinance to Provide for the Re-
demption Of certain Special improve
ment Bodns of the city OF FehsacoiA,
maturing July list, 1915.
whereas under and pursuant to Chap
ter 60S3 Laws Of Florida, Of lSOS en-
titled: An Act relating to the Improve
ment by the City of Pensacola Of its
Streets, Alleys and Public Ways, ana
Ordinances Of said City passed In pur-
suance thereof, said City OF pensacola
did issue certain bonds known as
Especial Improvement Bonds Of the City
of Pensacola, Florida" each Of the de-
nomination of five hundred ($50O) dollars
dated July 1st, 1910, designated series G:
group s. and numbered five hundred
gixty-one to five hundred eighty (561-
$500 inclusive, which said bonds are pay
able six years after the date Of their is
suance, and viii mature on July LIST,
1916; and
Whereas, the option was duly reserved
by said City to redeem any said bond
at any time within the year preceding
the time of its maturity. at par and ac-
crued interest, upon giving thirty (sol
days notice by mail to the registered
holder at his registered address, II the
bond be registered, and by publication
once each week of said time, in a news
paper in the City of Pensacola, and in a
newspaper published in the City Of New
Whereas, there is now in the City
Treasurery to the credit Of the said
Special Improvement Bond fund, money
paid by the owners of property against
WElCn f1peClAl 2ASaGoHAAAGAAA @GA 49,
We're issued, as provided by said Chapter
60S3 and ordinances aforesaid, ana
pledged to the payment of said Special
Improvement Bonds suInclent ~ alilou m
the 1st day Of April, 1916, said above
mentioned bonds; and
Whereas, the Board OF Commissioner
Of the City of Pensacola deem II adVisa-
BILE that said bonds shall be redeemed
on said LIST day Of April 1916 now there-
fore,
mfssioners of the City of Pensacola:
Section l. That the City Of Pensacola
shall exercise it's option to redeem az
par and accrued interest on the LIST day
OF April 1916. at the office Of the United
States Mortgage and Trust Company, in
the City and State of New York, the
following of the above mentioned Special
Improvement Bonds Of the City OF Pen
Series G, group s. Nos. I'VE hundred
sixty-one to five hundred eighty (56l-
to 500, inclusive, of the reorganization
Of Eve hundred dollars (S500) each,
dated July 1, 1910, and maturing on July
l. 1916: and that for the payment ana
redemption of said bonds the Comp
troller shall draw a warrant on the city
Treasury payable out Of the Special I'M
provement Bond Fund OF 1909 in the
City Depository for the sum q len
Thousand and Two Hundred Dollars
(s10,200.OO) which shall be transmitted
to the United States Mortgage & Trust
Company, in the City and State OF New
York, on or before April j, 1870 70 De
used and applied by II soley TO the pay
ment and redemption or said bonds at
the time and manner herein provided
Section 2 That the Mayor and Comp
troller shall cause to be published IN a
newspaper published In the City Of PEN
sacola, once a week for thirty days pre-
ceeding April /, 1915. and in news
paper published in the City Of New York.
due notice of the intention Of the City
of Pensacola to exercise its option TO
redeem, and Of it's determination 70 re-
deem, at the time, place and manner,
each of said Special Improvement Bonds,
as is herein provided, and that the
Comptroller shall mail at least thirty
days preceding April I, 1915, a copy Of
said notice to each registered holder q
said bonds at his registered address, II
any Of said bonds be registered.
Section g. That this ordinance shall
take effect Immediately upon its passage.
Passed January 10 1916.
Attest: c. w. EGGART.
City Clerk.
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