The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-09-16

yerts on the above named highways:
This amount of $3.50. 000. 90 allotted to Inc
FERRY Pass road to be used if the State
Road Department shall within four wears
construct the bridge across Escarn bia
rive! RIVER at or near Ferry Pass as now
proposed by that body, otherwise tbfs
S1oo,OUO 90 shall be equally divided be-
tween and used for construction Of the
Pensacola FIomaton, and the Pensacola
Nunez Ferry roSus
). 1t is therefore, resolved by this
Board that for the purpose Of procuring
the necessary funds with which TO con-
struct the said roads, bridges and cul-
Verts ii is deemed eXpedient and neces-
sary to issue Two Million Dollars, thirty
years. interest bearing coupon bonds OF
Escambia County, Florida.
4. 1t is further resolved that Escan-
bia County bonds TO the amount OF two
million dollars for the afore- mentioned
purposes, If voted in the election to be
held as hereinafter provided for, Shall
be issued in such amounts, ana from
Commissioners may deem necessary, Tor
the purpose of securing funds TO, carry
on the work of building said ROADS ana
bridges as mentioned, and all Of said
bonds shall be dated as of the time When
the first installment of said bonds are
issued as aforesaid by the County Com
miSsioners.
5. Interet on said bonds shall be at
the rate of not more than six per cent
per annum, payable semi-annually.
6. The principal and interest OF said
designated depository of Escambia Coun-
", Florida, or at some bank or banks
in the City OF New York or Chicago. or
as may be fixed by the County Com
missioners when issued.
Z. That said bonds shall be Of the de-
nomination of One Thousand Dollars each
ing with number one; that said bonds
shall provide that the trustees of some
shall have the right to call in and retire
in serial order commencing with number
VI n said bonds Y,
commencing one year after date of is
sue, and seventy-five of said bonds an
nually commencing with the twenty
s. Be it further resolved that in order
to determine whether County BONDS Ior
Two Million Dollars shall issue tor me
purpose as hereinbefore set forth; the
Board of County Commissioners of rs
Gambia County, Florida, destgnates ana
appoints Wednesday, the 2Sth day sep
TENDER, A. D. 1920, as the day Tor the
holding of an election in Escambla Coun-
ty, Florida, to determine whether bonds
to the amount of Two Million dollars
shall be issued for the purpose OF con-
struction paved or other hard surfaced
highways, together with the necessary
bridges and culverts within the limits OF
Escambia County, upon the deSlgnaIeu
And be 1t further resolved that at sald
election so to be held on Wednesday the
question shall be submitted to the legal
voters of the County of Escambia Wheth-
er such bonds shall be issued; the form
of the ballot to be used in such election
shall be as follows: r..-.
Especial Election, Escambia County,
Florida, September 18th, A. p l9ZO, 10
determine whether $1,000. 100000 Escam-
bia County, Florida, thirty year bonds
with interest at not m6re than six per
cent per annum shall be issued for the
purpose of constructing paved, or other
hard surfaced highways within the
Limits of EScambia County, Florida, to-
gether with the necessary cuIYerts ana
bridges on su.h roads, the highways TO
be so paved or hard surfaced, etc, II
the State Constitutional amendment pro
viding for $50, 000, 100000 State bond issue
shall carry in the General Election 1870
% be the Pensacola F1omaton Road,
County Road from the Pensacola Fiona
ton Road near Moline striking the Pine
Barren Atmore County Road at the DeeS
Old Field, thence on the Pine Barren
Atmore road to the Florida Alabama line
near Atmore; The Pensacola Ferry Pass
Road ending at the bridge site at or
near Ferry Pass, the Pensacola and NJ
nez Ferry Road ending at Nunez Ferry,
and the Gulf Beach Highway, begin
ming on the concrete road at Tom Har-
ris' store and ending on the Gulf Beach
at the head of the Grande Lagoon II
the State Constitutional amendment pro-
viding for $20,000,000.00 State bond issue
does not carry, then this $2,O0O,O00.0 90
bond issue to be applied to constructing
paved or hard surfaced roads on the
above named roads, except the proposed
road from Moline to Atmore.
5000. For BOnuS. Against Bonds.
Be it further resolved that such cleo
ton shall be held at the several PLACES
in the several precincts of said County
where the last General Election was held,