The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1921-05-24

The numbers of the above bonds are
inclusive. Said bonds shall be issued
to pay for the unpaid part of the cost
of the said improvements. The said
bonds shall be dated June g. 1921, and
shall bear interest at the rate of seven
Fer centum q pct) per annum, pay
able semi-annually at the Hanover Ma
tional Bank in New York City, on the
9Th day of December and June of each
year, provided, however that the bond 5
of each of said series shall be redeem
able by the City of Birmingham in
numerical order before maturity in the
following manner:
One bond and such additional number
of bonds of each series, as together
with said bond shall not exceed in the
aggregate one-fifth part of such deries
on the 9Th day of June, 1928, and a
similar number of bonds on the 9Th Gay
of June of each year thereafter by
paying to the holder or holders thereof,
as a bonus, a sum equal to one half
of the annual interest on the bonds
redeemed, notice of redemption to be
given as prescribed in the form OF
bond hereinafter provided.
Section 2. The said bonds shall be
issued under the corporate seal of the
City of Birmingham, and both bonds
and coupons shall be signed by the
President of the Commission OF the
City of Birmingham, Alabama, and the
City Comptroller. the said City Comp
troller being ex-officio treasurer of
the City of Birmingham, but the sig
natures upon the said coupons shall
be by the autographed or engraved
fac simile signatures of the said Pres
ident and Comptroller, which fac
smile signatures are hereby adopted
as a sufficient and authentic execu-
ton of said coupons. That provision
shall be and is hereby made for the
registration of the said bonds in the
name of the owner or holder thereof.
and the said Comptroller is hereby
authorized and empowered to register
the said bonds in the name of the
owner, both as to principal and inter-
est, or only as to principal, in the
manner and form hereinafter pre-
scribed The form of the said bonds
shall be substantially as follows:
UNITED STATES OF AMERICA
STATE OF ALABAMA
CITY OF BIRMINGHAM
CITY PUBLIC IMPROVEMENT
GOLD BOND
NO. SERIES ...... $o00.cc
The City of Birmingham, in the
State of Alabama, for value received
hereby promises TO pay to bearer the
sum of five hundred dollars on the 6th
| day of June, 1881, with interest thereon
at the rate of seven per centum ca per
annum. payable semi annually on the
9Th day of December and June in each
year on the surrender of the respective
interest coupons hereto attached as
1xv nj
and interest being payable in gold coin
of the United States of the present
standard of weight and fineness, at the
office of the Hanover National Bank
in the City of New York, N. Y.
This bond can be registered, the reg
istration to be certified hereon by the
City Comptroller. and is subject to sue
cessive registrations or transfers at
| the option Of the holder. The coupons
may be separated from this bond and
surrendered to the City Comptroller for
cancellation, in which case the inter-
! est will be paid to the registere
Eolder or order.
| This bond is one of a series of bonds
of like date. denomination and tenor,
asgregating ................, dollars,
and numbered consecutively from one
TO .............., inclusive. The City
Of Birmingham reserves the right to
redeem said series, including this bond.
in numerical order before maturity
In the following manner: One bond
OF said series and such additional num-
Der of bonds as, together with said
bond, shall not exceed in the aggregate
cne-fifth part of such series, on the
9Th day of June, 1928, and similar
number of bonds on the 9Th day Of
June. In each year thereafter, by pay
ing to the holder or holders thereof
as a bonus a sum equal to one half
the annual interest on the bonds re-
deemed and the City Of Birmingham
shall give public notice of its inten-
ton to redeem this bond before the
dates above prescribed by publication
once week for three consecutive
weeks in daily newspaper published
in Birmingham, Ala bama, said notice
to contain description of this bond
| ty number and series
| This bond is issued by virtue of and
in pursuance of Sections 1409 and 1410
of the Code of Alabama. 1907, and acts
smendatory thereof and supplemental
thereto and of an ordinance of the City