The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1918-11-06
Ordinance No. 14-serles No. 8.
AN ORDINANCE

O.
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 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-
table 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 60S3, Laws of Florida
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 Special Improvement
Bonds of the City of Pensacola, Florida"
Dollars. each of said bonds to be of the
denomination of Five Hundred Dollars
($5o0). to bear interest at the rate of
semi-annually. to be dated October 1st.
1913, numbered / 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
1 year after date.
Series A, Nos. Al to 80, Group 2, payable
Series A, Nos. 81 to 120, Group 8, pay
able years after date.
Series A. Nos. 121 to 100. Group A. pay
able 4 years after date.
Series A. Nos 1s1 to 200. Group 5. pay
able 5 years after date.
Series A. Nos POI to 24o. Group 6. pay
able years after date.
Series A. Nos 241 to ESQ. Group 7. pay
able years after date.
Series A, Nos. 2s1 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. SCI 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 its in
tention to redeem.
Section 2. That the form of said
bonds and coupons shall be substantially
United STATES OF AMERICA.
STATE OF FLORIDA.
s ssod'so Number. ar0uD $500 80,
CITY OF PENSACOLA.
SPECIAL IMPROVEMENT BOND.
1913 ISSUE.
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
bred ($50o) Dollars ............ years
after date. with interest at the rate of
six per cent per annum, payable, semi
on April list and October LIST, on
ton 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 fineness 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
series of bonds of which this is one.
at any time within the year preceding its
upon giving thirty days notice
by mail to the registered holder at his
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 State of
Florida, and ordinances of said CITY,, in
Guiding nnong others Act of the Leg
is1ature of said State, entitled: "An Act
Relating 70 the Improvement by the City
Of. Pensacola ofrits Streets, Alleys and
Public Ways" approved April %, 1909.
and ordinances and proceedings of said
city duly had and adopted in accordance
with the Constitution and Statutes of the |
said State and Charter of said city.
1t is hereby certified, recited and de- |
clared that all acts, conditions and things |
formed precedent to and in the issuance |
IF 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 |!
lteS of the said State and the Charter of |
'aid city, and that tns faith and credit |
If said city and the entire taxable prop |
srty I'm said city hereby irrevocably |
pledged to the punctual payment of the |
principal and interest of this bond.
In Witness Whereof said City of Pen |
'acola has caused this bond to be signed |
~ the three Commissioners constituting |,
he Board of Commissioners of said city,
md the corporate seal of said city to be
hereto affixed attested by it's City Clerk
md 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
Getty SeaD CITY OF PENSACOLA,
Attest:
City clerk |
Countersigned: ..................
City Comptroller.
FORM OF COUPON.
The City of Pensacola. a municipal cor
orat ton in the State of Florida, will pay
fice of the Treasurer of said city, in
he City of Pensacola, Florida, the sum of
1900 in gold coin of the United States
neness, being six months interest then
ue on its Special Improvement Bond
ated numbered. ........... |
|
Board of Commissioners. |
City Clerk.
Section 3. That said Board of Commits