The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1918-11-20
Ordinance No. 14-Series No. 8.
AN ORDINANCE

3.
AN ORDINANCE
To Be Entitled; An Ordinance to Provide
for the Printing, Lithographing. En-
craving and Issuance of Special Inn
provement Bonds of the City of PEN
sacola.
Be 1t Ordained by the Board of Commits
sioners of the City of Pensacola:
Section 1. That for the purpose of pay
ing the sums payable by lots or parcels of
land and railroads as evidenced by nego-
tialSo certificates, for the improvements
assessable to said lots, or parcels of
lands and railroads, as shall be provided
by city ordinance pursuant to the pro-
visions of Chapter 6OS3, Laws of Florida
of 1909, entitled: IAN Act relating to the
improvement by the City of Pensa cola
of it's Streets. Alleys and Public Ways"
to be printed, Autographed, or engraved
coupon bonds of the City of Pensacola,
to be l:nown 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
(S500), to bear interest at the rate of
six Co per cent per annum, payable
semi-annually, to be dated October LIST,
1918. numbered l to 400, both inclusive.
designated Series A, divided into Groups
TO 10, both inclusive, and payable as
follows:
Series A. Nos. / to 40, Group 1, payable
l year after date
Series A, Nos. Al to so, Group 2, payable
years after date.
Series A, Nos. 81 to 100, Group 3, pay
able years after date.
Series A, Nos. 121 to 100, Group A, pay
able years after date.
Series A, Nos. 161 to 200, Group 5, 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
able years after date.
Series A, Nos. 2S1 to $50, Group s, pay
able years after date.
Series A, Nos. 321 to $780, 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, as pro-
vided in the form of the bond hereinafter
provided, thirty days notice of it's in
Section 2. That the form of said
bonds and coupons shall be substantially
as follows:
UNITED STATES OF AMERICA.
STATE OF FLORIDA.
sss,es,'' No"0er',' GROUPS $500
CITY OF PENSACOLA.
SPECIAL IMPROVEMENT BOND,
1918 ISSUE
For value received, the City of Pen
sacola, a municipal corporation of the
itself indebted, and promises to pay to
bearer, or the registered holder if this
bond be registered, the sum of Five Hun
after date, with interest at the rate of
six per cent per annum, payable semi
on April 1st and October LIST, on
presentation and surrender of the an
neXed interest coupons, as they Severally
become due, both principal ard interest
being payable in gold coin of the United
States of America, OF the present weight
of said CITY, in the City of Pensacola.
The City Of Pensacola hereby reserves
the option or privilege of redeeming at
sy,AA nf hn
series of bonds of which this is one.
at any time within the year preceding its
maturity. upon giving thirty days notice
registered address, if this bond be
registered, and by publication once each
week of said time in a newspaper pup
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
and the Laws of the State OF
Florida and ordinances of said city. in
Guiding among others an Act of the Leg
Relating 20 the Improvement by the City
Of Pensacola of it's Streets, Alleys and !
Public Ways" approved April 81. 1909.
and ordinances and proceedings of said !
city duly had and adopted in accordance !
with the Constitution ard Statutes of the |
said State and Charter of said city.
It is hereby certified, recited and de- I
cared that all acts, conditions and things |
'equired to exist happen and be per- |
orned precedent to and in the issuance
If this bond have existed. happened and |
been performed in due time. form and |
manner required, and that this bond,
ogether with all the other indebtedness
IF said city does not exceed any limit /
prescribed by the Constitution and Stat
ties of the said State and the Charter of
aid city, and that tn. faith ana credit
If said city and the entire taxable prop
,rty in said city hereby irrevocably
ledged to the punctual payment of the
principal and interest of this bono.
In Witness Whereof said City of Pen
acola has caused this bond 10 be signed
" the three Commissioners constituting
ne Board of Commissioners of said city, |
nd the corporate seal OF said city to be
ereto affixed, attested by it's City Clerk
nd countersigned by City Comptrol-
er, and the coupons hereto attached to
ear the signatures of said Commission
rs and City Clerk, and this bond to be
ated October 1st 1918.
Getty SeaD CITY OF PENSACOLA, |
BY It's Board of Commissioners
Ittest:
|
City Clerk. Observation-Disclosures.
Countersigned: ..................
/
City Comptroller.
FORM OF COUPON
The City of Pensacola, municipal cor