The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1919-10-29

An ordinance to authorize the issu-
ance of thirty-three thousand dol
lars refunding bonds of the city
of Birmingham, Alabama, fixing
the details of said issue, prescribing
the form of bond and coupons to
be thereto attached and authoriz-
ing the sale of said bonds.
Whereas, pursuant to Act No. 66,
passed at the special session of The
Alabama legislature held in the year
1909 and approved August 20, 1909, the
boundary lines of the city of Brrning
ham. were altered or re-arranged, so
as to include within the corporate
limits of said city, the territory Of
certain then existing cities or towns
including among others. the territory
of the city of North Birmingham said
Act No. Sc having gone into effect on
January I. 1919. and
Whereas. before said Act No. sc Of
the acts of the special session of the
Ala bama legislature, 1919. went into eff
feet, said city of North Birmingham
did, pursuant to an ordinance adopted
by the city council of North Brming-
ham, on November %. 1909. issue pub
lie improvement bonds to the amount
of forty four thousand dollars ($44,000)
under the provisions of Sections 1909
and 1410 of the code of Alabama, 1907,
said bonds being dated December l,
1909. numbered from one (1) to eighty
eight (SS), both inclusive, of the de-
nor nation of five hundred dollars
(S500> each, bearing interest at the
rate of SIX per centum per annum. pay
able semi-annually June l and Decem-
Der 1. said bonds maturing December
1, 1919; and,
Whereas. eleven thousand dollars
re ~o;I
fore been redeemed and paid, and there
are outstanding and unpaid thirty
three thousand dollars of said bonds,
which will become due and payable
on December l. 1919, and.
Whereas, under the constitution and
statutes of the state of Alabama, the
debts, liabilities and bonds of every
Kind and character, and the interest
thereon of the said city of North Biz
mingham are assumed by and to be
paid by the city of Birmingham, Ala,
when the same become due. and,
Whereas. said $4,000 public improve
mert bonds above mentioned are pow
outstanding and unpaid. and it is to
the best interests of the said city of
Eirm CHAM, pursuant to the authority
conferred upon it by Section 1896 of the
eode of Alabama, 1907, as amended Nv
Act No. 127 of the legislature of Ala
hama of 1919, approved February II,
1919, to. settle, adjust and refund the
said $4,000 of bonds becoming due De
cember 1, 1919, upor the best terms
that the city can obtain, and for that
purpose to issue bonds of the said city
of Birmingham to the amount of thir
ty-three thousand dollars $3.50, O0O), for
the purpose of paying and satisfying.
the said bonded Indebtedness, all
moneys heretofore received by the said
city in respect of the special assess
merts heretofore levied for the pay
ment of the principal and interest of
the outstanding bonds having been ap-
piled for said purposes, and,
+ Whereas. said $4,000 bonds hereto
fore issued by the city of North Br-
mirgham, are still outstanding and
unpaid, and said bonds have never been
declared invalid by. any court of the
United States nor by any court of
the state of Alabama;
Now. therefore, be it ordained by
the commission of the city of Blrining-
ham, as follows:
Section l. Refunding bonds of the
city of Birmingham Ala shall be is
sued for the purpose of settling. adj
justing and refunding the said $4,000
public improvement bonds heretofore
issued by the city of North Birming-
December l. 1919 That the aggregate
amount of the refundng bonds to be
issued for such purpose shall be thirty
three thousand dollars (S33O00), shall
be dated December l, 1919, numbered
from one GD to thirty-three $3.50, in
elusive. of the denominati ton of one
thousand dollars $4,000 EACH bearing
interest at the rate of five 6 per cent?
per centum per annum, payable semi
annually on June l and December 1, said
bonds to become due December 1, 1929
Said bonds shall be signed by the pres
ident of the commission of the city
of Birmingham, countersigned by the
city comptroller ex-officio city treas
urer, and the official seal of the city
of birmingham shall be affixed to said
bonds attested by the city clerk, said
bonds shall have coupons attached
thereto for the interest to become due
thereon, which shall be signed with
the engraved or autographed fac
smile signature of the president of the
commission of the city of Birmingham
and countersigned by the city comp
troller, ex-officio city treasurer, which
fac smile signatures are hereby rec
ogniZed as and for due and sufficient
Authorization of said coupons Said
bonds and coupons shall be payable in
gold coin of the United States of Amer
lea of the present standard weight and
fineness, at the Hanover National bank
in the city and state of New York Said
bonds may be registered as to principal
only in the name of the registered
holder, in the manner prescribed in the
form of bond. hereinafter provided.
Sec. 2. That the form of said bonds
shall be substantially as follows:
UNITED STATES OF AMERICA