The Leader, enterprise and press. (Fitzgerald, Ga.) 1915-1921, 1918-06-07
ORDINANCE. NO. 41s

An ordinance to provide for the
registration of the following bonds
issued by the City of Fitzgerald, be-
ing. for the purposes, amounts, dates
OF issue and dates of maturity as fol-
lows: $4,000. Water and Light"
bonds, dated June l, 1898, date of ma
turity, May 80, 1928. $4,000 Fund
ing and City Hall'' date issued June
z, 1902, date of Maturity, June l, 1882;
1900 Paving, date issued July /,
1872, date of maturity July /, 1912.
$z5,O0O School" date of issue July
1915, date of maturity, June &c.
1916, and for other purposes.
Section l. Be it ordained by the
Mayor and Council of the CITY of
Fitzgerald, and it is hereby ordained
by the authority aforesaid, that any
holder of any bond or bonds issued
by the City of Fitzgerald, as describ-
ed and enumerated in the caption of
this ordinance, may register the same
with the Treasurer of the City of
Fitzgerald.
Section 2. Be it further ordained
by the authority aforesaid and it is
hereby ordained that any owner of
the above described bonds desiring to
register the same shall present the
bonds desired to be registered to the
Treasurer of the City of Fitzgerald
and the Treasurer shall thereupon
separate from said bond or bonds all
unmatured coupons and cancel and
deliver such coupons to the Water
Light & Bond Commission. He shall
thereupon endorse upon Nhe bond
1fcPIt
setting out that the bond has been
registered with him and likewise set
ting out the name of the person in
whose name the bond is registered
and the fact that the bond cannot be
transferred except by the person in
whose name it is registered, either in
person or by agent or attorney duly
authorized to make such transfer.
Section 3. Be it further ordained
by the authority aforesaid, and it is
hereby ordained, that the Treasurer
of the city of Fitzgerald shall provide
a book in which he shall make rec
ord of all bonds that are registered
with him, as above provided, setting
out the number of the bond, the name
of the person in which said bond is
registered and the date of registration
and shall pay neither interest nor
principal of said bond to any per-
son other than the person in whose
name the bond is registered or to his
legal representative.
Section 4. Be it further ordained
by the authority aforesaid, and it is
hereby ordained, that on the first day
of June and on the first day of Dec
ember in each and every year, as to
the Water and Light bond issue of
$4,000, and the Finding and City
Hall Bond issue of $4,000, and on
the first day of January and first day
of July, as to the Paving bond issue
of $4,000. and of the School Bond
issue of $4,000, the Water and Light
Bond Commission shall pay the in
terest that has accrued on said regis
which shall be delivered or mailed to
the post office address of the person
in whose name the bond is registered:
Section 5. Be it further ordained
by the authority aforesaid, and it is
hereby ordained, that the person in
whose name such bond is registered
may transfer the same in person in
writing on the registration book pro-
vided or he may make such transfer
by his duly appointed attorney in
fact or the legal representative of the
person in whose name such bond is
registered may likewise transfer said
bond. When thus transferred said
bond shall have endorsed on it new
certificate of registration and proper
entries made in said registration
book.
Section E. Be it further ordained
by the authority aforesaid, and it is
hereby ordained that all ordinances
and parts of ordinances in conflict
herewith be, and the same are here
by repealed.
Read the first time April LIST, 1918.
Read the second time June 3, 1918,
and passed by the following vote,
"Yes," votes; NO." none. Approx
ed this June 4th, 1918.
CLAYTON JAY, Mayor.
Attest: David L. Paulk, City Clerk.