The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1918-10-09
.ss7- .-s.s-a- - ~ 49, -
H. CLAY CRAWFORD,
Secretary OF state.
AN ORDINANCE;

&
TO Be Entitled: An Ordinance Relating
t. the sonas sal. II a.. id city g. Pen.
sssps:a 81 July s sss sss ,sss ,ss
Of essp.s sns $685.
Isa Of sn,, ,ses approved Act Nay z Aa
and provide for the Payment Thereof.
and aads na aspes e. sss
&C cola on July sth. 1918. entitled: IAN Or.
Bonds Bonds Of It the City Of Pensacola, Florida.
Legislature Of the state Of Florids. en-,
Pensacola to issue Negotiable Bonds for
Municipal Purposes and Provide Tor the
Payment Thereof approved May ~;
ordinance by the ordinance adopted by
said Board on July 10. 1913, and Gnder
and pursuant to the PROVISIONS OF Chap
to create a commission form OF govern
nent for said city, etc, an election was
duly called and held n the sev rscos eie on
August 18th, 1918, at which eiectlon saiu
ordinances and the issuance OF improve
ment bonds OF the CITY OF Fe ems Is said
Ac of the Legislature We're duly ap-
proved by the majority Of the votes cast
said city, then residing In said city, ana
who had paid taxes on real estate or per-
sonal property to said city lot the yea
for which taxes were last due, said
majority 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 ana PROPOSED
by said ordinances. and
whereas. By Chapter 674s. Laws OF
an3iaa and on Vested in
imposed upon the Board OF Bond trustees
of the City of Pensacola, provided for by
said CHAPTER $500, Laws of 1905, were
transferred to. vested in and imposed
upon the Board OF Commissioners therein
provided for: and
held in said City of Pensacola for the
election by the qualified voters of City
Commissioners to constitute the Board OF
6T4e. Laws Of Florida OF 1918, George II.
Hinrichs, Frank r. Pou and Frank D.
Sanders were duly elected as said Com
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
u1issioners created by said Chapter 6746;
BE TT ORDAINED By SAID BOARD
OF PENSACOLA:
Section /. That said Board Of Com
nissioners shall a., have engraved coupon on
"r.,-rovernent Bonds of the
CITY of Pensac cola, Florida to the amount
| of Two Hundred and Ten Thousand
Dollars (s210, 600. o0), each of said bonds
to be of the denomination Of One Thous-
and Dollars (s1.ooo. o0); to be numbered
i i to 21o, both inclusive; and to be dated
!. October 1st. 1918, to bear interest at the
! rate of five per cent per annunn, payable
/ semi annually. April LIST and October 1st.
! to be payable thirty years after said
date with the option on the part OF the
/ city reserved to redeem any or all OF said
bonds at any time after the date thereof
: at par and accrued interest. The prin-
/ cipal and interest OF said bonds shall be
Mortgage & Trust Company in the City
| and state of New York. e.: 60 - :.
| Section 2. That the form Of said bonds
! and coupons shall be tantiAlly as fol.
| UNITED STATES OF AMERICA
I STATE OF FLORIDA
Estate Coat Of Arnsl
/ Number ....s... Number
$1,000 81 ,oot
/ CTR OF PENSACOLA,
| IMPROVEMENT BOND
/ October 1918.
| For value received the City OF Pensa-
cola a municipal corporation OF the State
! of Florida, hereby acknowledges itself in
!, dented and promises to pay TO bearer the
| sum of One Thousand Dollars ($l O00)
I thirty (30) years after date. with interest
semi ANNUALLY. April LIST and October LIST
4 on presentation and surrender Of the an.
nexed interest coupons as they severally
i become due, both principal and Interest
being payable in gold coin of the United
States of America Of the present weight
and fineness, at the office OF the United