The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1918-09-18

of Commissioners of the City of Pensa-
cola on July sth. 1918, entitled: An Or.
dinance to Provide for the Issuance OF
Bonds of the City of Pensacola, fiorla3.
Under and by Virtue of Act of the
Legislature of the State of Florida, en-
titled An Act TO Authorize the City OF
Pensa cola to issue Negotiable Bonds Tor
Municipal Purposes and Provide fof a
Payment Thereof approved May IL,
1906 end the amendn1ents mace 20 40 "a
ordinance by the ordinance adopted by
said Board on July 10, 1918. ana uhcsr
and pursuant to the provisions OF chap-
ter Gas. Laws of Florida OF IsIs' an AZ
to create a commission form OF govern
ment for said city. etc, an election was
d,riv called and held in the several eiee-
ton precincts of the City OF Iefasaeoa -,
aos.ist 18th. 1918 at which election said
ordinances and the issuance OF impToNe
rnent bonds of the City OF Pensacoia "a -
~ 81 the LEGISLATURE were duly APP
proved by the majority OF the votes 1asf
in said election by the quahhed voters "a
said sitv then residing in SAID CITY sihu
,~ho had raid taxes on real estate or per-
sonaI property to said city for the year
for which taxes were last que la;,,s SIN IN
favor of the issuance of said improve
ment bonds for each and Al the purposes
and amounts as speciEed IN anu pFopo"eu
by sid ordinances. and -
Whereas BY Chapter eI46, Laws OF
Florida of 1913. all the privileges. Po.' eis,
duties and responsibilities vested IN or
imposed upon the Board of Bond trustees
of the City of Pensacola, proNided lot bs
said Chapter $3.50. Laws oil 5soa. @ers
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 o.
Commissioners created by said Chapter
ot+o Laws of Florida of 1918. George n.
Hinrichs, Frank r. Pou and Frank d.
Sanders were duly elected as sa 1sa con n
missioners. and have duly auallned by
giving bonds and taking the oaths OF
office and otherwise as prescribed by
law, and the ordinances OF said CITY, ann
are duly constituted the Board of Com
nissioners created by said Chapter otae'
now. therefore.
OF COMMISSIONERS OF THE CITY
OF PENSACOLA:
Section l. That said Board OF COM
| missionsrs shall have engraved coupon
onds of the City of Pensacola. to be
@~r-r .Tnrrovenent Bonds of the
of Two Hundred and Ten Thousand
| Dollars (s21o, ooo.oo), each of said bonds
to be of the denomination of One Thous,
/ i to 2Io. both inclusive; and to be dated
| October list, 1918, to bear interest at the
rate OF five per cent per ann1 nn,o Paya 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 pTin-
| cipal and interest of said bonds shall pc
\ u
Mortgage & Trust Company in the City
and State of New York.
| Section 2. That the form of said bonds
and coupons shall be substantially as fol-
UNITED STATES OF AMERICA,
STATE OF FLORIDA.
Estate Coat of Armsl
Numbers si.eeo Number. $1,000
City OF PENSACOLA.
| IMPROVEMENT BOND.
| October. 1918.
For value received the City of Pensa-
4 cola, municipal corporation of the state
Of Florida, hereby acknowledges itself In
debted and promises to pay to bearer the
sum of One Thousand Dollars eSI,ouu1,
! thirty (30) years after date, with interest
| at the rate of five (51 per centum payable
semi-annually, April LIST and October lst,
on presentation and surrender of the an
nexed interest coupons they severaHy
| 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
States Mortgage and Trust Company. in
the City and State of New York. The
| City of Pensacola hereby reserves the
| and accrued interest, any of the series of
/ oonds of which this Is one, at any time
after twenty years from the date thereon.
4 This bond is issued by the City of Pen
! sacola 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
| islature OF the State of Florida. entitled.
| cola to Issue Negotiable Bonds for Munic-
ipal Purposes and Provide for the Pay
Henf Thereof approved May IL. 1893:
| 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
authorizing the issuance Of this bond