The Birmingham age-herald., 1919-09-09

An ordinance to provide for the is-
 suance of five hundred thousand 1 ($5OO, ,oOO) dollars of bonds of the | city of Birmin gham for the purp~~e
 of purchasing real estate neces -
 for the site of building to be used for a public auditorium, and for
 the erection and establishment
 thereon of a public auditorium. 1 Whereas, an election was held in the city of Birmingham, Alabama. on the eighteenth day of August, 1919. for the purpose of submitting to the qualified voters of the City of Birmin gham, Ala bama, for their determination by bal lot, whether or not they would au- thorize the commission of the city of Birmingham to issue the bonds of the city of Birmingham to the amount Of five hundred thousand dollars ($500,- OOO) for the purpose of purchasin 2 real estate necessary for the site of a building to be used for public audi torium, and for the erection and es- ltablishment thereon of a public audi torium, and,
 Whereas. at such election a major ity of the qualified voters of said city lvotinS at said election voted in favor of said proposition and in favor of the issuance of said bonds; and,
 Whereas, on the 18th day of August, 1919, the election commission of the lefty of Birmingham did meet at it's usual place of meeting in the city of Birmir gham and did canvass the re- I turns of said election, and did ascer- l tain and declare that a majority of l the qualified voters of said city vot- ing at said election voted in favor of autho rizing said issue of said bonds as aforesaid, and that said proposition had carried; now, therefore.
 Be it ordained by the commission of the city of Birmingham as follows:
 Section 1. That the bonds of the city of Birmingham, Alabama, shall be issued for the purpose of purchas- ing real estate necessary for the site of building to be used for a public auditorium, and for the erection and | establishment thereon of public auditorium, in conformity with said authority as follows:
 The aggregate amount of said bonds to be presently issued shall be five hundred thousand ($500,000) dollars. The denomination of said bonds shall be enc thousand dollars ($1000) and the number shall be five hundred (50O), numbered from one CD to five hundred (500). inclusive; the issue shall be as of date the first day of | December, 1919, and said bonds shall run for ten (1o) years from date; the | rate of interest shall be five per centum G per cenD per annum, i payable semi-annually on the first 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 of Birmingham, and counter signed by the city comptroller, ex -of- ficio city treasurer, but their fac simile signatures may be Autographed or engraved upon said coupons; said bonds and said coupons shall be pay able in gold coin of the United States of America of the present standard weight and fineness at the Hanover 1 NatiCna 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 provided.
 Sec. g. That the form of said bonds shall be substantially as follows:
 UNITED STATES OF AMERICA '.
 STATE OF ALABAMA
 CITY OF BIRMINGHAM
 ! AUDITORIUM BOND
 No. - $1,000.O0 Know all men by these presents, thas the city of Birmingham, a municipal ISoi ptI dlioH III the SCdCe or AlaDama. acknowledges itself indebted to the bearer hereof in the sum of one thou sand dollars ($1000), which sum it promises to pay on the first day of December, 1929, together with interest on said sum from the date hereof until paid, at the rate of five per centun,
 G per cent) per annum, payable semi-annually on the first day of June and on the first day of December, on presentation and surrender of the in- terest coupons hereto attached as they jseverally become due, both princira. and interest being payable in gold icoin 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 successive registrations or transfers as to principal at the op- tion of the holder. This bond is issued under and in pursuance of the consti- tutor and laws of the state of Ala bama. including. among others an act entitled. "An act to authorize the holding of elections by municipal cor lporations in the state of Alabama for the purpose of obtaining authority to issue bonds for public purposes here- in defined. and to provide for holding Sucn elections and declaring the re- suit thereof and to authorize the is- sue of such bonds when a majority of the voters participating in such cleo tion vote in favor of the issue of such bonds. and to regulate the issue, exc cution, sale and security of such bonds" approved August 26. 1909. and an act to amend Section 2 of said last above me ntioned act approved February 20. 1915. and under and in pursuance of a special election duly held August 1S 1919. under said act and the laws of said state and in pursuance of ordinances and proceed lings of said city duiy held. passed and adopted this bond being issued for the purpose of purchasing real estate necessary for the site of a building to be used for public audi torium. and for the erection and es- Establishment thereof of a public audi torium.
 It is hereby recited. certified and declared 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 ree- ular 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 exceed any limit prescribed by the constitution or statutes of said state. This bond and the interest coupons hereto attached are exempt from state, county and municipal taxation, and. after the rt ~,ectivo aturitv therAnf