The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1918-09-25

dinance to Provide for the Issuance OF
Bonds of the City of Pensacola, lof 10,
Under and by Virtue, OF an Act OF III.
legislature OF the state OF tlorlda en-
titled. Gan Act to Authorize the city OF
Pensacola to issue Negotiable Bonds LOT
Municipal Purposes and Prov,de .or me M
Payment Thereof, approved MAY -;
1905 - and the amendments made to salu
ordinance by the ordinance adopted py
said Board on July 10, isfe, ant nf chap
ter s746 Laws of Florida of 1918, an ACT
TO create a commission form of govern
d,'Tw called and held in the several cleo
tion precincts of the City of Pensacoa on
August 18th, 1913, at which eiectlon salo
ordinances and the issuance OF lnpToNe
nent bonds of the City of Pensacola as
provided in said ordinances and In said
Acs of the Legislature were dulS ap
nroved bv the ma jority of the votes cast
in said election by the qualified voters OF
said city, then residing in said city. ana
who had paid taxes on real estate or per
sonal property to said city Tor the year
for which taxes were last due, salo
ma iority of the votes SO cast being IN
favor of the issuance of SAID improve
ment bonds for each and all the purposes
and amounts as specified in and proposed
by said ordina noes, and
Whereas BY Chapter 6146, Laws or
Florida of 1913, aIIyrfie privileges, powers.
duties and responsibilities vested in or
imposed upon the Board of Bond Trustees
of the City of Pensacola. provided for by
transferred to, vested in and imposed
upon the Board of Commissioners therein
provided for and
Whereas At elections duly called and
held in said City of Pensacola for the
election by the qualified voters of City
Commissioners TO constitute the Board OF
Commissioners created by said Chapter
6Ti6 Laws of Florida of 1913, George h
Hinrjchs. Frank r. Pou and Frank ID.
Sanders were duly elected as said Com
In!ssioHers and have duly qualified by
giving bonds and taking the oaths OF
office. and otherwise as prescribed by
law. and the ordinances of said city. and
are duly constituted the Board of Com
tuissioners created by said Chapter 6146;
BE 1T ORDAINED BY SAID BOARD
OF COMMISSIONERS OF THE CITY
OF PENSACOLA:
Section L. That said Board Of Com
n3issioners shall have engraved coupon
onds Of the City of Pensacola, to be
'.''''~rov-ornent Bonds of the
City of Pensacola Florida :. to the smount
OF Two Hundred and Ten Thousand
Dollars (s2fo. 600. Ge). each of said bonds
to be of the denomination OF One Thous-
and Dollars 100000; to be numbered
TO 2l0 both inclusive; and to be dated
October LIST, 1918. to bear interest at the
rate of five per cent per annuu. payable
semi "a annually. April list and October LIST,
to be payable thirty years after said
date. with the option the part of the
city reserved TO redeem any or all of said
At par and accrued interest. The prin-
cipsl and interest of said bonds shall be
payable at the office of the United States
Mortcage &c Trust Company in the City
and state of New York.
Section ?. That the form of said bonds
and coupons shall be substantially as fol-
UNITED STATES OF AMERICA,
STATE OF FLORIDA.
Estate Coat of Armsl
y ""'e $1,000 NUMBER $1,000
CITY OF PENSACOLA.
IMPROVEMENT BOND
October, 1918.
cola. a municipal corporation of the state
OF Florida. hereby acknowledges itself in
debted and promises to pay to bearer the
sum of One Thousan nd Dollars 81 .o0O),
tnirty f50) years after date, with interest
at the rate OF five (5) per centum payable
semi-annHslly. April LIST and October LIST.
on presentation and surrender of the an
nexed interest coupons they severaily
become due. both principal and interest
being payable in gold coin of the United
States of America of the present weight
and 6neness. at the office of the United
States Mortgage and Trust Company. in
the City and State of New York. The
City of Pensacola hereby reserves the
option, privilege of redeeming at par
and accrued interest. any of the series of
bonds of which this is one, at any time
after twenty years from the date thereof.
This bond is issued by the City of Pen
sa cola under and in full compliance with
the Constitution and Laws of the State
OF Florida and Ordinances of said city.
including among others an Act of the Leg
iStature OF the state OF Florida. entitled:
AN Act to Authorize the City of Pensa
cola to Issue Negotiab BILE Bonds for Munic-
ipal Purposes and Provide for the Pay
ment Thereof" approved May II. 1905.
and ordinances and proceedings of said
city duly had and adopted in accordance
with the Constitution and Statutes of
said State and charter of said city. the
issuance of this bond and the ordinances
authorizing the issuance of this bond
having been duly approved by the major
ttE OF the votes cast by the voters of
Sa id city, duly qualified, as prescribed by
law, TO vote thereon at election duly
and legally called and held for that pur-
pose on August 18th. 1918
IL IS hereby certified. recited and de-
clared that all acts conditions and things
required to exist. happen and be per-
formed precedent to and in the issuance
OF this bond have existed. happened and
been performed in due time, form and
manner as required by law that this
BOND, together with all other indebted
ness of said city. does not exceed any
limit prescribed by the Constitution and
Sta tutes of said State or the charter of
said city. and that the faith and credit
Of said city and the entire taxable prop
erty OF said city are hereby irrevocably
pledged to the punctual payment of the
frincipal and interest of this bond.
In witness Whereof said City of Pen
facoia has caused this bond to be signed
BY the three Commissioners constituting
The Board of Commissioners of said city,
and the corporate seal of said city to be
here affixed attested by it's city clerk
and eountersigned by its CITY Comptroller,
and the coupons hereto attached to bear
htnograpned or engraved signatures of
SAD commissioners and city clerk, and
this bond TO be dated the first day of
October. A. d. 1913.
Getty SeaD CITY OF PENSACOLA,
BY Its Board OF Commissioners
Attest:
city clerk. ....:.............
City Comptroller
FORM OF COUPON