The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-09-05
LEGAL NOTICES.
Series No. 2, Ordinance No. 2.
AN ORDINANCE

Tn Be Entitled: An Ordinance to Provide
for the Issuance of Certificates of In
debtedness In Anticipation of the Col
lection of Back Taxes Levied for the
Five Years Preceding October 1, 1916
Whereas. by Section three 90 of Chap
ter 1920, Laws Of Florida Of 1915, as the
same was handed by the Act of the
Legislature OF Florida of 1917 and APP
City of Pensa cola is authorized to issue
certificates of indebtedness, or negotia-
BILE notes. for the purpose of providing
funds in anticipation of taxes thereto
fore levied for amounts not to exceed
fifty per cent of all the uncollected
taxes levied in the five preceding fiscal
whereas. all the unsolicited city
taxes levied in the five fiscal years next
preceding October l. 1915. amount ap5
dollars. evidenced by the tax sale
certificates held by the city, and records
Whereas. the city's failure to collect
the amount of taxes levied and antici-
pated during said preceding fiscal years
de aa which .n viii nec e a deficit
tax levy for the ensuing year unless
funds shall be raised by the issuance of
certificates of indebtedness, as is herein
Be it ordained by the Board of Com
missioners of the City of Pensacola:
Section 1. That for the purpose Of
providing funds in anticipation of taxes
levied and remaining unpaid for the five
fiscal years next preceding October 1st
floating indebtedness of the city due and
payable prior to October LIST, 1917, and
felt tax levy for the ensuing fiscal year.
negotiable certificates of Indebtedness
shall be issued by the City of ensacola
as authorized by said amended section
three of chapter 1920. Laws of Florida.
aforesaid, for amounts not to exceed in
the aggregate fifty per cent of all the
said five fiscal years remaining unpaid
at the time of the issuance of said GER
tif1cates.
Section 2. The certificates provided
for herein shall be dated October 1st,
1917, numbered consecutively in the
der of issuance. of the generalization of
payable to bearer at the office Of the
treasurer of the City of Pensacola one.
matter provided, with interest at rate
not exceeding six CO.. per centum per an
mum, payable April LIST and October LIST
each year. and shall be signed by the
City Commi ssioners with the corporate
seal of the city aforesaid affixed, at
tested by the city clerk and counter
form of said certificate shall be sub
stantialy as follows:
100000 City of Pensacola No..
Certificate of Indebtedness.
October 1st. 1917.
The City of Pensacola, a municipal
hereby b aeknoWiedges Itself I indebted and
promises to pay to bearer the sum of
One Thousand Dollars. years after
per centum per annum. payable on April
LIST and October 1St of each year. Pay
able at the office of the Treasurer of
the City of Pensa cola.
This certificate is issued under and in
compliance with the ordinance of said
city. passed the day of. -. 1917.
entitled An Ordinance to provide for
the issuance of certificates of indebted
ness in anticipation of the collection of
back taxes levied for the five years pre-
ceding October 1st, 1876
In witness whereof said City Of Pen
sacola has caused this certificate to be
signed by its City Commissioners and
its corporate seal to be affixed and at
tested by it's city clerk and the same
to be countersigned by it's city comp
troller and to be dated this first day OF
October. 1917.
City of Pensacola by Its City
Getty SeaD- Commissioner
l.
q
s.
Attest:
.-'-..-.-.-..
City Clerk.
Countersigned:
City Comptroller.
To each certificate there shall be at
tached coupons for the semi-annual in
terest payments as they severaIly become
due, which shall be signed. sealed at
tested and countersigned in the same
manner, and bear the same date and
number the certificate
The certificates hereby authorized to be