The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-02-18

1918, payable October l. 1913. provided.
however. that the city OF Pensacola may
redeem said bonds a par and accrued In-
terost at any time after twenty C20)
Years from the date of issue. said bonds
snaH bear interest from their date at the
rate Of five per ccntun per annum, pay
able seui-aunuaIIy April and October /
"a each 49, Both principal ana interest,"
: of said 1TIIGS shall be payable in gold
oaiu q the United states Of America OF
-iL the office Of the United States Mort
gage ana Trust Company, IN the city aad
st. tc or New York. said bonds shalt DE
sft3 ny tire three commissioners con
stiJGting the Board of Commissioners Of
/ z.Jit city. coun terSigned by the City Con-
troiIcr- ANA the corporate seal Of said city
ea.N he thereto affixed, attestcd by the
city clerk. and the coupons thereto at
tatlnd shall bear the autographed or en-
Gfavtl fac-simile signatures Of said COM
.aissioneTs and city Clerk, and said bonds
nance. of this Board Of Commissioners
aGtpteI September ., 1918.
~t.CTTpN . Bonds Nos. I to 50, ag-
Hree3tia2 $4,000 shall be issued for the
purpose Of grading, paving, curblng or
Otherwise improving streets. including re-
GarGen streets, as authorized by prop
o-i,ion 80. 4, adopted at said election Of
august 49, 1918;
Bonds Nos 81 to GO inclusive aggrega-
ting sic.ap9 shall be issued for the purpose
water system as authorized by PROPOSE
-ioo No. .. adopted at said election Of
August ~ 1918;
ing sen. 600, shall be issued for the pur-
pose ~ extending and improving the
,aitE's sewerage and drainage system as
authorized by proposition No. l, adopted
at said election of August is. 1918:
Bonds Nos. 81 to 120 inclusive, aGgrega-
ting $40. Geo. shall be issued for the pur-
pose Of securing the surrender, reln-
enlistment and re-Conveyance to and the
I-e-frlve=tfnent III the CITY Of Pensacola ot
aIi rjcrts and title in and to the water
front property granted to John A. Mer-
Ritz and T s. Reese by ordinance passed
INV : a m n 81
% said Merritt ana Reese flee IN the CT
:ice Of the city Clerk December 81, 49,
"a az said election Of August is. I9IS
SECTION 3. That the balance Of the
bonds authorized to be issued nv the
propositions ratified by the quallfled Eo-
ters Of the city of Pensacola at the
election Of August 49, l9lS;, aggregatins
100000, were intended to be issued for
the payment Of street paving and other
improvements within the subdivision
aijlccnt to the Pensacola Shipoulldins
CompaGy4 plant. conditioned upon the
dwelling houses within said subdivision
ssnd whereas said houses have not been
erected. and the City has been notified
l,t- s7id company that il has finally deci-
ded not to erect said houses, said bonds
SNAIL not be issued, unless hereafter du-
Is authorized 70 be issued for said pur-
pose Psi the Board IF Commissioners ri
tire City Of Pensacola.
SECTION 4. 1t appearing that the sale
Of said 100000 Of bonds Of the City OF
Fensa cola was duly advertised in con
formity with the resolutions of this
Board OF Commissioners in the Pensacola
News and in the Pensacola Journal on
December It, q and 81, 1918 and Jan
nary J. 1919, and in the Manufacturers
Record newspaper published in the
CITY Cf Baltimore, Maryland on the fol-
lowing dates to wit: December 26th
1918, and on the end, 9th and 10th days
! of January. 1919, ana said bonds We're
duly awarded to McSsrs Sidney splitter
* Company Of Toledo. Ohio. the sale Of
tho said bonds to said Sidney Splitter &
Company pursuant 70 said notice. be and
the same is hereby In all respects rati-
fled approved and confirmed. and the de-
livery to the said purchaser Of bonds
Nos TO 50 issued for the purposes herein
before specified is hereby authorized upon
the payment of the proportionate part OF
the purchase price for the said bonds.
: Nos. I to 81. and the purchase price Of
tHe said bonds Nos 1 70 so when re-
eeivcl shall lie applied solely and ex-
s.snsiucly to the purposes for which tile
S3tue were authorized at lie eaid cleo
.iou of August L. 1918, rs hereinbefore
J SECTION 5. All ordinances and parts
of ordinances In conflict herewith be
and the same are hereby repealed.
SECTION 6. This ordinance shall
take effect immediately upon its pass
atre.
The FOREGOING ordinance was upon roll
emil adopted by the following vote.
Yeas Tiur5ehs, Pou, Sanders.
Passed January 81. 1919
Attest: J. O. Walker
City Clerk.
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