The Birmingham age-herald., 1920-01-29
Total. .$247000


 upon the hest terms that the city can obtain, and for that purpose to issue bends of the said City of Birmi gham to the amount Of s247,o0Q for the pur- pose of paying and satisfying the said bonded indebtedness, all moneys here tofore received by the said city in re- spect of the special assessments here tofore levied for the payment of the principal and interest of the outstand- ing bonds having been appiie/ 10 said purposes, and,
 Whereas, the said $247. 100 of bonds heretofore issued by the City of Bir- mingham as aforesaid, are still out standing and unpaid and have never been declared invalid by any court of the United States or by any court of the State of Alabama.
 Now, therefore. be it ordained by the Commission of the City of Birmingham. as follows;
 Section 1. Refpnding bonds of the City of Birmingham, Alabama shall be issued for the purpose of settling ad- justng and refunding the said $247,000 public improvement bonds heretofore issued by the said City of Birmingham. and which will become due as herein above set forth
 SS5,000 of said bonds shall be dated February 15, 1920. shall be of the de- nomination of 5000 each: shall be num- bered from i to s5 inclusive and shall bear interest at the rate of 5 A per centum per annum payable semi-annu- ally, on August 15 and February 15 of each year, said bonds to become due February 15, 1880.
 The remainder $162, 900 of said bonds shall be dated September 1, 1920; shall be of the denomination of 5000 each; N.- op aa ,l, sive; shall bear interest at the rate of 5A per centum her annum payable semi annually on March l and Septem- Der 1 of each year, and shall become due September l 1880.
 The $S5,000 to be dated February Is. 1920, as herein authorized, shall be sold and delivered 10 the purchaser thereof prior to March l. 1920. so that the bonds maturing on that date may be paid promptly at maturity.
 The remainder, $162. 900. of said bonds to be dated September 1, 1920, shall be sold and delivered to the purchaser thereof in such installments as may be necessary to settle, adjust and refund the remainder of said public improve ment bonds maturing on the respective dates hereinabove set forth.
 All of said bonds herein authorized to be issued shall be signed by the Pres ident of the Commission of the City of Birmingham, Alabama, and counter signed by the City Comptroller, ex of ficio City Treasurer. and the official seal of the City of Birmingham shall be affixed to said bonds, attested by the City Clerk, and said bonds shall have coupons attached thereto for the inter est to become due thereon. which shall be signed with the engraved or litho- graphed fac-simile signatures of the President of the Commission of the City of Birmingham and countersigned by the City Comptroller ex-officio City Treasurer which fac-simile signatures are hereby recognized 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 America of the present stand ard weight and fineness at the Hanover National Bank. in the City and State of New York Said bonds may be regis tered as to principal only in the name of the registered holder in the manner prescribed in the form of bond herein after provided
 Sec. 2. The form of said bond shall be substantially as follows:
 UNITED STATES OF AMERICA
 STATE OF ALABAMA
 CITY OF BIRMINGHAM
 Ir f TIT FCs 1n