The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1918-07-23

= ing the principal and interest of the bond
property within the city of Pensacola i
hereby pledged. and it shall be the iut,
: OF the Board of Commissioners of tn.
special tax on all taxable property with
IN the corporate limits of said City a.
may be necessary to pay the interest or
for the payment Of said bonds. The tas
: levy to provide sinking fed shall an
nualiy, from the date of said bonds &c
October LIST. 1928, amount to not less
than one-haR of one per cent of the tota
amount of bonds issued, and thereafter
per cent of the amount of said bonds. and
from and after October 1st, 1928, to Octo-
per Ist. 1888, to not less than one and
one-haf per cent of the amount of said
bonds. and from and after October 1st
1888, to October LIST. 1888. to not less than
two per cent of the amount of said bonds.
and from and after October 1st. 1898. to
not less than two and one-half per cent
OF the amount of said bonds. All money
payment of the interest, or principal of
said bonds shall, when collected be paid
into depository or repositories as shall
be designated by the Board of Commits
sioners Of the City of Pensacola and sa i'd
Board or Commissioners may invest the
| same, or as much thereof may be ad-
visable in bonds of the United States
1 Government or bonds of any State Coun-
or CITY. or may loan same with any
| OF SAID bonds as collateral security or
on National Bank Certificates of Denosit
with approved collateral
section 4. The Board or Commissioners
| snail oner said bonds for sale bv notice
pupilshed in newspaper published in
tne City Of Pensacola, and in such other
cities as the Board of Commissioners NAV,
deem advisable, and calling for seaied
oids Tor said bonds on a day specified
In said notice. On the day specified in
OF Commissioners at a meeting to be held
IN the city Hall in the City of Pensacola
e eH dpuO T6s open and read all bids re-
snail have the right to reject any and All
DIGS, and to re-advertise for sale, and
sen from time to time any of said bonds
Section 5. That all bonds, when en-
sTaVed, or executed, shall be placed by
bank, or banks. or other depository as
snaH be designated by the Boa rd4 of Com,
mi of the City of Pensacola. and
al money received from the sale of said
bonds shall be deposited by the Board Of
commissioners with such depository and
any moneys not needed for Immediate
disbursements shall be placed at Interest
py such Board at such places and upon
such terms and conditions as prescribed
py resolution of the Board.
Section 6. That il shall be the duty
OF the Board of Commissioners whenever
pond, to register the same in book to
pc provided for that purpose and to be
Kept IN the office of the City Comptroller
such registration shah show the number |
ana denomination of each bond when and |
TO whom sold or how disposed of and I
tne amount for which sold or disposed of !
al other officers and agents collecting |
or receiving any money from any assess /
70 the payment OF the principal or in
terest of said Bonds, or any of them or /
any portion of the Indebtedness created !
thereby. shall make semi "a nnualIy, or /
oftener. if required by the Board of Com
nllSsloners written reports, in duplicate,
showing the exact amount collected or
received by them, and the person or /
source from which the same was received I
or eolected. One o. said reports shall |
ne Kept IN the records of proceedings OF
other shall be filed with the City Comp |
troner and entered by him in book to |
be provided for that purpose under the |
direction of the Commissioner of Finance |
and Revenue.
Section 8. That the Mayor of the CITY
OF Pensacola. Is hereby directed to issue
his proclamation calling an election to be
held on the 18th day OF August. A D.. I
ls to determine whether or not the
rrr~f'a s1rrfT ar mar rfnfs- be a rSfsroSssd re- So
.ne ~ ma 5ority of the votes cast by the
l lo5nnea electors qualified to vote and
olhg at said election Said procIa ma
ION snail be published daily in the news
,apefs FuhIished in the City of Pensa-
. sn aalrlhg the period from August 18th
Section g. That the ballots used in said !
,e,ei snail be substantially in the fol-
OFFICIAL BALLOT !
PEClAL BOND ELECTION, CITY OF {
lection Precinct No.
(The voter must make a cross mari :
= eefore the words For Bonds" or L
roves' OF the issuance of bonds for each
the fesdpectIve purposes and amounts D.
:. .FoR BONDS. Shall bonds issue 5,
I sslNty-hve Thousand Dollars for ex-
ndins and improving the City's sewer ia
e and . Drainage 2. sIn;.:e system?
BONDS. Shall bonds iSs,a
thirty Thousand Dollars (s30 600. o01 /
3 &c eAsendlng and improving the City's Is
BONDS
- Ok BONDS. Shall bonds issue sis
, Twenty five Thousand Dollars, (s25,-
,o0o, for. grading. paving and curling -
otherwise improving streets between -,
rrancas Avenue and 30" Street and II,
-ween Garden and Government Streets al
o oe S shuiudlVis,on adjacent to the PEN mi
ora Shlpbuilding Company's Plant? 90
BONDS. LIS
E.,. FoK BONDS Shall bonds issue 80 -
Ftty Thousand Dollars, $3.50 600 Ool. r.
grading. paving and curbing or other
e improving streets. including repay
ana repairing Devifliers and Garden Sta
BONDS of
acn cross mark on said ballot in front Ma
of the sestd Bonds shall
'r OF the proposition to issue bonds
the purpose and amounts specified
s S1on sven mark in front of the words ioos
alhst BONDS shall constitute a vote
ne elector making the same against
,d proposition to issue bonds for the
'ose and amount specified. If a ma
or the votes in said election SHAH ~
ast IN favor of bonds for any of the Tab
un.s ana purposes specified. then the mos
- shaH be issued as herein provided | iiio'
such amounts and nurnoses. h,'t sour
majority of the votes cast shan be cons
bora IN favor OF the proposition TO wha
oohos Tor the purpose and amount -
neo. the amount proposed to be is ny
TOT suen purpose and amount shall TORN
'e issued smi'