The Pensacola journal., 1920-02-28

1873, that is to say, Five Thousand
Three Hundred Thirty-three Dollars and
Tnirty-three and One third cents (s5-
33533 1-3) of said time warrants are to
be redeemed on November 18th 1920. and
ia like amount of Five Thousand Three
Hundred and Thirty three Dollars and
Thirty-three and One-third Cents ($5-
1888 1-Sl of said time warrants to be
redeemed each year thereafter on that
date, to wit, November 18th to and in
ciuding the year 1928 being in all forty-five
(45) time warrants of the denomination of
One Thousand Cs1 1,ooO.Oo) Dollars and nine
CD time warrants in denomination of
Three Hundred Thirty-three Dollars and
Thirty-three and One-t third Cents
(s333.33 1-3) all dated November 18TH
1919. all of said time warrants drawing
interest at the rate of six C per cent?
Bidders bidding upon said time warrants
may submit bids for the whole amount
of said Forty -eight Thousand (S43, 900 COZ
Dollars, or may bid for such time war
rantsi (and the said time warrants will
be offered for sale at such time) in
amounts as follows: One lot Twenty
Thousand Three Hundred Thirty-thre
Dollars and Thirty-three and One third
Cents (s21. SO 1-3) redeemabie Five
Thousand Three Hundred Thirty-three
Dollars and Thirty-three and One-third
Cents (s5,33333 1-3) per year beginning
sand Three Hundred Thirtythree Dol
lars and Thirty-three and One-third
Cents (s5,333.33 1-3) redeenlabie Novem-
ber 18th. 1924; one lot Five Thousand
Three Hundred Thirty-three Dollars and
Thirty three and One-third Cents t$5.
$685. 33 1-3) redeemable November 18th.
1926 one lot Sixteen Thousand ($16, ,0o000)
Dollars, redeemable Five Thousand Three
Hundred Thirty three Dollars and Thir-
ty-three and One third Cents ts5.-
333, 33 1-3) per year beginning Novem-
ber 18th. 1896 All bids so submitted
shall be in writing and sealed in an en-
velope, addressed to the Board of County
Commissioners 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, o'clock a. M, on the 18th
day of March, 1920. Each bid must be
accompanied by a check drawn by the
bidder on some reputable bank, payabl
to the order of the County of Escambia.
State Of Florida, for five 6 per cent?
per ce..t 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. if the bid which it accom-
panies is accepted by the Board of
County Commissioners of Escambia
County. Florida and the person, firm or
corporation shall fail to accept and pay
for said time warrants upon demand by
the BOaTd OF county Vi
Escambia County. Florida. Bidders will
understand that these warrants under the
law, must be sold at par. Therefore any
bids providing for payments of commits
sions, Or any proposal which would
amount to a bidding less than par Will
not be received considered. The sum
of Forty-eight Thousand (S4S 900 00) Dol
lars, or so much thereof as may be sold
and so much hereof as may be neces-
sary anda2 .horized by said act, OF
the proceet lized from the sale of
said time wi..4nts shall be used exclu
sively for the purpose of constructing
durable 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 Escan-
b.a County, Florida.
Attest: James Macgibbon. Clerk.
dYr