The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-02-13
NOTICE ESCAMBiA COUNTY TIME
WARRANTS TO BE SOLD.

NOTICE EScAMBiA COUNTY TIME
WARRANTS TO BE SOLD.
AT meeting of the Board of County
Florida. to be held at the Court House of
Escambia County, Florida, in the City of
Pensacola, Florida at 8 o'clock A. NJ,
on Monday, March 18th, 1920, sealed bids
will be received by the said Board of
County Commissioners of Escambia
County. Florida. for sale to the highest
and best bidder for cash, for not less
imam par with accrued interest, the time
warrants of said County of Esca mbia
with interest coupons attached, in the
aggregate principal sum of Forty Eight
Thousand $4,000 Dollars, or in less
amounts as hereinafter stated, said time
warrants being part of a series of One
Hundred and Eighty (180) time warrants
of said County of Escambia, in the ag-
gregate principal sum of One Hundred
and Sixty Thousand fs16o, 100000 Dol
lars. determined to be issued by this
board at a meeting of this board held
on the 18th day of November, 1919, pur-
suant to a special act Of the legislature of
Florida, entitled:
An Act to authorize the Board of
County Commissioners of the County of
Escambia, States of Florida, to issue time
warrants for the purpose of constructing
durable bridges and roads in Esca mbia
County, and to provide for the payment
thereof
Approved May 2sth, 1919, Forty Five
(45) of said time warrants to be Of
fered for sale and for which bids are
hereby invited, being in denominations of
One Thousand (ss1, 100000 Dollars each,
and dated November 18th, 1919, and nine
CO.. of said time warrants to be SO Of
fered for sale and for which bids are
hereby invited, being in the denomina-
lions of Three Hundred Thirty-Three
Dollars and ThirtyThree and One Third
Cents (s333 SO 1-3) and dated November
18th, 1919, Five co of said time war
rants are to be redeemed on November
18th, 1920, and like amount Of Five
Thousand Three Hundred and Thirty
Three Dollars and Thirty Three and One
Third Cents (s5,33 SO 1-3) of said time
warrants to be redeemed each year there
after on that date, toWit: November
18th, to and including the year. being in
all Forty Five (45) time warrants of the
denominat lions of One Thousand S1,-
600 00) Dollars and nine co. time war
rants in denominations of Three Hundred
Thirty-Three Dollars and Thirty-Three
and One-Third Cents (s333. 33 1-3) all
dated November 18th, 1919, all of sad
time warrants drawing interest at the
rate of six C. per cent? per cent per
annum from date until paid. Bidders
bidding upon said time warrants may
submit bids for the whole amount of said
Forty Eight Thousand (s4s,0oo.0o) Dol
lars or may bid for such time warrants
(and the said time warrants will be Of
fered for sale at such time) in amounts
as follows: One lot Twenty-One Thous-
and Three Hundred ThirtyThree Dol
lars and Thirty-Three and One-Third.
Cents (s21, 1898 49, redeemabie FIVE
Thousand, Three Hundred Thirty-Three
Dollars and Thirty-Three and One-Third
Cents (s5, 1888 SO 1-3) per year beginning
November 18th, 1920; one lot Five Thou
sand Three Hundred Thirty-Three Dol
lars and ThirtyThree and One Third
Cents (S5, 1873 SO 1-3) redeemable Novem-
her 18TH 1924 one lot Five Thousand,
Three Hundred ThirtyThree Dollars and
Thirty-Three and One-Third Cents ESQ.,
333 49, redeemable November 18TH,
1925: one lot Sixteen Thousand tslo,-
600 .0o) Dollars, redeemable Five nous
and Three Hundred Thirty-Three Doliars
and Thirty-Tree and One-Third cents
(s5, 1888 SO 1-3) per year beginning Novem-
Der 18th, 1926. All bids so submitted
shall be in writing and sealed in an en-
velope, addressed to the Board OF county
Commissioners of EscamDla county.
Florida. and filed with the Clerk of
said Board before the time al when TINS
Board shall offer said time warrants Ior
sale, to-wit, 9 o'clock A. NJ. on the ioth
day of March. 1920. Each bid must De
ACCOMPANIED by check drawn by the
bidder on some reputable Danh. pdyaple
TO the order of the County of Escampia'
State of Florida for five 6 per cent?
per cent of the amount of such DID, ana
shall be certified by the bank on Which
it is drawn and shall be forfeited 10
said County of Escamba. if the bid whlch
it ACCOMPANIES is accepted by the boaro
of County Commissioners OF EscaH1pia
County Florida, and the person, 1irm OF
CORPORATION shall fail to accept ana pay
for said time warrants upon demand ps
the Board of County commissioners ..
Escambia County Florida. BIDDERS VIII
understand that these warrants under the
law, must be sold at par therefore, any
bids providing for payments OF commhs-
sions or any pro p o a which would
amount to a bidding less than par WIN
not be received or considered. Inc sum
of Fortv-Eight Thousand (S4s,o00.oo)
Dollars or SO much thereof as may be
sold and so much thereof as may be
necessary, and as authorized by this act
of the proceeds realized from the sale
of said time warrants shall be used ex-
clusively for the purpose Of constructing
durab BILE bridges and roads in Escambia
County as provided by the said act OF
the Legislature, 1919. above mentioned
The Board reserves the right to reject
any and all bids.
J. GEO. WHITE, Chairman.
Board of County Commissioners, Escam-
bia County, Florida
Attest: JAMES MACGIBBON. Clerk.
"a WV.