The Pensacola journal., 1920-03-06
LEGAL NOTICES
NOTICE EScAMBIA COUNTY TIME
WARRANTS TO BE SOLD.

WARRANTS TO BE SOLD.
AT a meeting OF the Board of County
Commissioners of Escambia County.
Florida, to be held at the Court House
of Escambia County. Florida. in the
City of Pensacola, Florida. al o'clock
a. m, on Monday March 18th. 1920,
sealed bids win be received by the said
Board of County Commissioners of Es-
Gambia County, Florida, for sale to the
highest and best bidder for cash, for not
less than par with accrued interest, the
time warrants of said County of Escam-
the aggregate principal sum of Forty
eight thousand (s4S, ,000. o0) Dollars or in
less amounts as hereinafter stated said
time warrants being. part of q series of
One Hundred and Eighty (1s0 time war
rants of said county of Escanlbia. in the
aggregate principal sum of One Hundred
and Sixty Thousand (s1so, 900 00) Dollars.
determiFfed to be issued by this board at
a meeting of this board held on the 18th
day of November. 1918, pursuant to a
special act OF the Legislature of Florida.
entitled:
AN Act to authorize the Board CT
County Commissioners of the County OF
Escambia, State of Florida, to issue time
warrants for the purpose of construct
ing durable bridges and roads in Escam-
bia County, and to provide for the pay
ment thereof
Approved May 2sth. 1919, Forty-five
t45), OF said time warrants to be so of
fered for sale and for which bids are
hereby invited. being in denominations Of
One Thousand (s1 .000G0) 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 denonnina
ton of Three Hundred Thirty-three Dol
lars and Thirty-three and One-third
Cents (s2S3 33 la and dated November
of
rants being in denomination of One
Thousand ($f. .oo0.o0) Dollars each, and !
One "a of said time warrants in the
of Three Hundred Thirty
three and One-third cents (s33333 1-3), !
to be redeemed each year beginning with
the year 1920 and ending with the year
1928. that is TO say, Five Thousand
Three Hundred Thirty-three Dollars and
and One-third cents (s5.- !
1888 1-3) of said time warrants are to
be redeemed on November 18th 1920 and
a like amount OF Five Thousand Three
and Thirty three Dollars ana
three and One-third Cents (S5,-
1888 1-3) of said time warrants to be
redeemed each year thereafter on that
date, to-wit. November 18th to and in
cluding the year 1928 being in all forty-five
(45) time warrants of the denomination Of
One Thousand s1.oo0oo) Dollars and nine
t9) time warrants in denomination of
Three Hundred Thirty three Dollars and
Thirty-three and One-third Cents
(s33333 i-3) all dated November 18th,
1919, all of said 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, 900 e0)
Dollars. or may bid for such time war
rants (and the said time warrants will
be offered for sale at such time) in
roII1 Drn Inr
Thousand Three Hundred Thirty-three
Dollars and Thirty three and One-third
Cents ($21,333.33 1-3} redeemable Five
Thousand Three Hundred Thirty-three
Dollars and Thirty three and One-third
Cents (s5.3 1888 80 1-3) per year beginning
November 18th. 1920; one lot Five Thou
sand Three Hundred Thirty-three Dol
lars and Thirty-three and One-third
Cents (s5,333 33 l-3) redeemable Novem-
Der 18TH 1924; one lot Five Thousand
Three Hundred Thirty-three Dollars and
and One-third Cents (s5,
333 SO 1-3) redeernable November 18Th,
1925 one lot Sixteen Thousand (s16 000.O0)
Dollars, redeemable Five Thousand Three
Hundred Thirty-three Dollars and Thir-
ty-three and One-third Cents (s9,-
333 SO 1-3) per year beginning NoVem-
her 18th 1926. All bids SO submitted
shall be in writing and sealed in en-
yeIope. addressed to the Board OF County
of Escambia County,
Florida, and filed with the Clerk of said
Board before the time at which this
Board shall offer said time warrants for
sale, to-wit, 3 O'Clock a. m, on the loth
day of March, 1920. Each bid must be
by check drawn by the
bidder on some reputable bank, payable
to the order of the County of Escamoia,
State of Florida, for five (5 per cent?
per ce Il Of the amount OF such bid, and
shall be certified by the bank on which It is
rawn, and shall be forfeited to said County
OF Escambia, II the bid which 1T accom-
panies is accepted by the Board of
County. Commissioners of Escambia
County. Florida, and the person, firm or
shall fail to accept and pay
for said time warrants upon demand py
the Board of County Commissioners OF
Escambia County Florida. Bidders viii
that these warrants under the
law, must be sold at par. Therefore any
bids providing for payments OF comrnis-
sions, or any proposal which Woulo
amount to a bidding less than par VIII
not be received or considered. The sum
of Forty-eight Thousand (s4S, 600 00) Dol
lars, or so much thereof as may be sold
and so much thereof as may be necesi
sary, and as, authorized by said act, or
the proceeds realized from the sale or
said time warrants shall be used eNclu-
sively for the purpose Of constructing
durable bridges and roads in Escannla
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 EscaTn-
bia County, Florida.
Attest: James Macgibbon, Clerk.
oaw4w.