The Birmingham age-herald., 1919-09-09
Ordinance No. 64S-C

" or o1rmlh Snam, ana TOT Gqulp-
 7g and furnishing the school
 ildings so constructed.
 sreas, an election was held in the
 Birmingham, Ala, on the 18th
 August 1919, for the purpose
 itting to the qualified voters of
 of Birmingham, Ala, for their
 ation by ballot, whether or not
 Id authorize the commission of
 of Birmingham to issue the
 he city of Birmingham to the
 one million G1,0o0,oo) for
 SC of acquiring real estate
 te or sites of school build
 used for public school pur-
 for constructing public
 ldings for high schools for
 If the city of Birmingham,
 .quipping and furnishing the
 ildings so constructed, and,
 s, at such election majority
 .alified voters of said city vot-
 said election voted in favor of
 oposition and in favor of the is-
 of said bonds; and,
 aereas, on the 18th day of August, s1s, the election commission of the city of Birmingham did meet at its usual place of meeting in the city of Birmingham, and did canvass the re- turns of said election, and did ascer- a the qualified voters of said city voting at said election voted in favor of au- thorizing said issue of said bonds as aforesaid, and said proposition had car ried, now, therefore
 Be 1t ordained by the commission of the city of Birmingham as follows:
 Section l: That the bonds of the city of Birmingham, Ala. shall be issued Tor the purpose of acquiring real es- tate Tor the site or sites of school buildings to be used for public school purposes and for constructing pub lie school buildings for high schools Tor the use of the city of Birmingham ana Tor equipping and furnishing the school buildings constructed, in con- formity with said authority as follows: The aggregate amount of aid bonds to be presently issued, shall be one mil lion fs1 900. .00O) dollars. The denomi- nation of said bonds shall be one thou. sand dollars tsl,0o0), and the number shall be one thousand G,000), numbered rom one C) to one thousand G,000) inclusive; the issue shall be as of date the 1st day of December, 1919, and said bonds shall run for thirty (30) years from date: the rate of interest shall be five per centum G per cent) per an- mum, payable semi-annually on the 1lrst day of June and on the first day of December, in each year. and all such bonds shall have attached to the same coupons, which shall be signed by the president of the commission of said city or Birmingham and countersigned by the city comptroller, eX officio city treasurer, but their fac simile sigma lures may be Autographed or engraved upon said coupons; said bonds and said coupons shall be payable in gold coin of the United States of America of the present standard weight and fine ness at the Hanover National bank in the city and state of New York. And said bonds may be registered as to principal in the name of the holder thereof, in the manner prescribed in the form of the bond hereinafter pro- vided. Sec. 2. That the form of said bonds shall be substantially as follows:
 UNITED STATES OF AMERICA
 STATE OF ALABAMA
 CITY OF BIRMINGHAM
 PUBLIC HIGH SCHOOL. BOND
 NO. -. $1,0io.00.
 Know all men by these presents that the City of Birmingham, a municipal corporation in the state of Alabama, acknowledges itself indebted to the bearer hereof in the sum of one thou sand dollars H1,000.O0), which sum it promises to pay on the first day of December, 1s4s, .<ogether with interest on said sum from the date hereof until paid, at the rate of five per centum 6 per cenD per annum, payable semi- annually on the first day of June and on the first day of December, on pre- sentation and surrender of the interest coupons hereto attached as they sever- ally become due, both principal and i'm terest being payable in gold coin of the United States of America of the present standard weight and fineness at the Hanover National bank in the city and state of New York. This bond may be registered as to principal the registry to be certified hereon by the city comptroller, and is subject to suc- cessive registrations or transfers as to principal at the option of the holder. This bond is issued under an in pur- suance of the constitution and laws of the state of Alabama. including, among others. an act entitled, "An act to au- thorize the holding of elections by mu- nicipal corporations in the state of Ala bama for the purpose of obtaining au- thority to issue bonds for public pur- poses herein defined, and to provide for holding such elections and declar- ing the result thereof and to authorize the issuance of such bonds when a majority of the voters participating in such election vote in favor of the is- sue of such bonds, and to regulate the issue, execution, sale and security of such bonds" approved August ee, 1909, and an act to amend section of said last above mentioned act. approved Fer ruary 20. 1915. and under and in pur- suance of special election duly held August 18th. 1919, under said act and the laws of said state and in pursuance of ordinances and proceedings of said city duly held, passed and adopted; this bond being issued for the purpose of acquiring. real estate for the site or sites of school buildings to be used for public schol purposes, and for con- structing public school buildings for high schools for the use of the city of Birmin gham and for equipping and furnishing the school buildings so con- structed.
 It is hereby recited. certified and de- clared that all acts. conditions and things required to exist. happen, and be performed precedent to and in the Issuance of this bond. have existed, happened and been performed in regu- lar and due time, form and manner, as required by law. and that this bond. together with all other indebtedness of the city of Birmingham, does not ex- ceed any limit prescribed by the con- stitution or statutes of said state. This bond and the interest coupons here to attached are exempt from state, county and municipal taxation. and, aft CT the respective maturity thereof. shall be receivable in payment of all taxes and dues to the city of Birmingham.