The Brunswick news., 1922-11-17

furnished with additional information
by the undersgined) enclosed in !:
sealed envelope marked Proposal fo
| Bonds" and addressed to the under
signed, and must be accompanied
by certified check to the order
the City Treasurer upon an incorpor
| ated bank or trust company for So
10000. No bid for less than par ant
accured interest will be received
The right to reject any or all bids i
| reserved.
N. D. RUSSELL,
Secretary of the Commission
Section 8. That a meeting of thc
Commission shall be held at the date
and hour so fixed for the receipt OF
bids for the purpose of considerine
them and taking any action that ma,
be deemed proper in connection will
he said bonds.
The mayor then stated that the
next thing to consider was the mater
of arranging for the execution and
sale of the additional Sewerage bonds
for $4,000. 90 which had been duly
voted ON and validated
Thereupon the following resolution
was introduced by Commissioner Nc.
Kinnon who moved it's adoption. The
motion was seconded by Commission
er Andrews, and after some discus
sion said resolution was unanimously
adopted, said resolution re3ding as
follows:
RESOLUTION AUTHORIZING $50.
600 90 ADDITIONAL SEWERAGE
BONDS, FIXING THEIR DETAILS
PROVIDING FOR THEIR SALE AM
PROVIDING TAXATION FOR THEIF
PAYMENT
!. BE IT RESOLVED by the Commits
sion of the City of Brunswick il
lawful meeting assembled:
Section 1 That it is necessary i'm
mediately to issue the full amount Of
$50,0O0O0 additional sewerage bonds
authorized at an election held Sep
tember 13, 1922. ....
Section 2. That the City of Bruins
wick issue its negotiable bonds in the
aggregate amount of $5O,OO0.QO, con
sisting of so bonds Of. thQ dehomina
ton of 81 100000 each, numbered 1 tc
so, both inclusive bearing date of DC
tober l. 1922, and maturing in numeri
cal order, lowest numbers first. 81
600 90 annually October l. 1928 to
1852 both inclusive. ~.
Section 8. That said bonds shall
bear interest at the rate of five per
centum peH annunf, payable semi
annually on the first days Of Apri'
and October Of each year, and the
principal and interest shall be pay
able at the City Treasurer's Office ir
the City of Brunswick, Georgia in
gold coin of the United States Of the
present STANDARD Of weight and fine.
ness.
Section 4. That Said bonds shall
be signed by the afayor and Secretary
of the Commission under the seal of
the City. aud tie inte, est coupons
to be attached thereto shall be signed
by the siad Secretary, whose sigma
ture upon the coupons NAV be fac
smile of the original Said bonds
and coupons, end the provisions for
registration to be indorsed upon said
bonds shall be in substantially the
following form:
UNITED STATES OF AMERICA
STATE OF GEORGIA
COUNTY OF. GLYNN
CITY OF BRUNSWICK
| ADDITIONAL SEWERAGE BONDS
City of Brunswick, in the State OF
Georgia, for value received hereby
promises to pay to the bearer, Or il
| this bond be registered to the regis
tered owner hereof, on the first day
Of October, H., the principal sum
| of
ONE THOUSAND DOLLARS
with interest thereon at the rate Of
five per centum per annum, payable
on the first days of April and Octo-
Der in each year, upon presentation
and surrender of the annexed inter
| est coupons as they severely become
| due. Both principal and interest Of
this bond are payable in gold coli
If the United States Of the present
standard weight and fineness at cit,
Treasurers office i'll Brunswick Geor-
gia. For the prompt payment here
of both principal and interest as the
same become due, the full faith, cred
1t and resources of said City Of
Brunswick are hereby irrevocably
pledged
This bond is one of series OF
bonds issued by said City for the
purpose of providing funds for max
ing certain extensions OF the sewer
age system of the City Of Brunswick
Georgia, particularly in that part OF
said City described as follows: The
area bounded south by Gloucester
street, west by Cochran avenue;
north by l. street; and east by Glynr
avenue; also the area bounded soutl
by N street, west by Newcastle
street; north by S street and .eas
by Gordon street; also to- enlarg'
the Mansfield street outlet under th@
authority of and in compliance with