The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1918-11-13
Ordinance No. 14-serles No. 8,
AN oRpIn,AncE

Ordinance No. 14-Serles No. 8.
AN ORDINANCE
To Be Entitled: An Ordinance TO Provide
for the Printing. Lithographing. En-
craving and Issuance of Special I'm,
provement Bonds of the City of Pen
sacola.
Be It Ordained by the Board of Commits
sioners Of the City of Pensacola:
Section l. That for the purpose of pay
ing the sums payable by lots or parcels of
land and railroads, as evidenced by nego-
table certificates, for the improvements
assessabie to said lots, or parcels of
lands and railroads. as shall be provided
by e1sy % to the
Of 1903, entitled: AN Act relating to the
Improvement by the City of Pensa cola
of its Streets. Alleys and Public Ways"
said Board of Commissioners shall cause
to be printed, autographed, or engraved
coupon bonds of the City of Pensacola,
to be known as Special Improvement
Bonds Of the City of Pensacola, Florida
to the amount of Two Hundred Thousand
Dollars, each of said bonds to be of the
denomination Of Five Hundred Dollars
($500), to bear interest at the rate of
SIX (6) per cent per annum, payable
semi-annually. to be dated October LIST.
1918. numbered 1 to 400. both inclusive.
designated Series A, divided into Groups
l TO 10, both inclusive, and payable as
follows:
Series A. Nos. 1 to 40. Group /. payable
year after date.
Series A, Nos. Al to 80. Group 2, payable
II years after date
Series A, Nos. 81 to 12o, Group 3. pay
able years after date
Series A, Nos. 121 to 100, Group 4, pay
able 4 years. after date.
Series A. Nos. 161 to 200. Group 8. pay
able years after date.
Series A, Nos. 201 to 240, Group 6, pay
able years after date.
Series A. Nos. 241 to ESQ, Group Z. pay
lo off dot
Series A, Nos PSI to 800, Group s, pay
able years after date.
Series A. Nos. 321 to $50, Group 9, pay
able years after date.
Series A. Nos. 361 to 400, Group 10, pay
able 10 years after date.
The option shall be reserved by the city
to redeem any bond at any time within
twelve months before its maturity at par
and accrued interest by giving, pro-
vided in the form of the bond hereinafter
provided. thirty days notice OF its in
Section 2. That the form of said
bonds and coupons shall be substantially
UNITED STATES OF AMERICA.
STATE OF FLORIDA.
5000 $500
CITY OF PENSACOLA
SPECIAL IMPROVEMENT BOND,
1918 ISSUE.
For value received, the City of Pen
sacola, a municipal corporation of the
State of Florida, hereby acknowledges
itself indebted. and promises to pay to
bearer, or the registered holder, If this
bond be registered, the sum of Five Hun
dred ($50o) Dollars .....-.......... years
after date. with interest at the rate of
six per cent per annum, payable semi
annually on April list and October 1st on
presentation and surrender of the an
nexed interest coupons. as they severally
become due, both principal and interest
being payable in gold coin of the United
States Of America, of the present weight
and fneness at-the office of the treasurer
of said city, in the City of Pensacola
The City of Pensacola hereby reserves
the option or privilege Of redeeming at
par and accrued interest. any of the
maturity. upon giving thirty days notice
by mail to the registered holder at MS
registered address, if this bond be
registered and by publication once each
week of said time in a newspaper pub
lished in the City of Pensacola and in
a newspaper published in the City OF
New York.
This bond is issued by the City of Pen
sacola under and in compliance with the
Constitution and the Laws of the Estate OF
Florida, and ordinances OF said city, in
GLIDING among others an Act of the Leg
islature of said State, entitled: An Act !
Relating 10 the Improvement by the City
Public Ways approved April IS. 1909,
and ordinances and proceedings of said
city duly had and adopted in accordance
said state and Charter of said city.
It is hereby certified, recited and de-
elared 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. and that this bond,
together with all the other Indebtedness
OF said city does not exceed any limit
prescribed by the Constitution and Stat
utes of the said State and the Charter of
said city, and that ths faith and credit
Of said city and the entire taxable prop
erty in said city are hereby irrevocably
pledged to the punctual payment of the
principal and interest of this bond.
In Witness Whereof said City of Pen |
sacoIa 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
hereto affixed, attested by it's City Clerk
and countersigned by City Comptrol- |
Ter, and the coupons hereto attached to
bear the signatures of said Commission
ers and City Clerk. and this bond to be
dated October 1st. 1918.
Getty SeaD CITY OF PENSACOLA,
By Its Board of Commissioners. |
Attest:
............:..... .........-.....-..
City Clerk.
Countersigned: ..................
City Comptroller.
FORM OF COUPON.
The City of Pensacola, a municipal cor |
poration in the State of Florida, will pay
to bearer on .......-Ist ~, at the
office of the Treasurer of said City, in
the City of Pensacola. Florida, the sum of
$500 in gold coin of the United States