The Birmingham age-herald., 1922-02-17

principal in the name of the holder thereof in the manner prescribed in the form of the bond hereinafter pro vided
 Sec. 2. That the form of said bonds shall be substantially as fol- lows:
 UNITED STATES OF AMERICA
 STATE OF ALABAMA
 CITY OF BIRMINGHAM
 MARKET BOND
 KNow P ALL MEN BY TIES THESE PRESENTS. that the City of Bir- mingham, municipal corporation, in the State of Alabama, acknowledges itself indebted to the bearer hereof in the sum of one thousand dollars (s1,D0o) which sum it promises to pay on the first day Of April 19...., together with interest on said sum from the date hereof until paid, at the rate of five per eentum Co per cent) per annum, payable semi-an nually on the first day of October and on the first day of April on presentation and surrender of the interest coupons hereto attached as they severally become due, both prin- cipal and interest being payable in gold coin of the United States of America of the present standard WGiBul anu Iln6nbSS dl lue i1d1ONeI National bank in the City and State of New York This bond may be reg istered as to principal, the registry to be certified hereon by the City Comptroller, and is subject to suc- cessive registrations or transfers as to principal at the option of the holder. This bond is issued under and in pursuance of the Constitution and laws of the State of Alabama, including among others an Act en- titled, "An Act to authorize the hold ing of elections by municipal corpo- rations in the State of Alabama for to issue bonds for public pur- poses herein defined, and to provide for holding such elections and declaring the result thereof and to authorize the issue of such bonds when majority of the voters par ticipating in such election vote in fla vor of the issue of such bonds, and to regulate the issue. execution, sale and security of such bonds," approved August 26, 1909. and an Act to amend Section 2 of said last above men tioned Act, approved February 20, 1915. also an Act to amend Section 2 of said above mentioned Act ap- proved September 25, 1919, and under and in pursuance of special cleo tioE duly held October 10, 1921, under said Acts and the laws of said state and in pursuance of ordinances and proceedings of said City duly held. passed and adopted; this bond being issued for the purpose of acquiring a site or sites for a market house or houses and for erecting thereon a market house or houses.
 It is hereby recited, certified and declared that all acts, conditions and things required to exist, happen and be performed precedent to and in the issuance of this bond have existed. Happened, and been performed in regular and due time, form and man ner as required by law, and that this bond, together with all other indebt- edness of the City of Birmingham does not exceed any limit prescribed by the Constitution or statutes of said State This bond and the in- terest coupons hereto attached are exempt from State. county and mu- nicipal taxation, and after the re- spective maturity thereof shall be receivable in payment of all taxes and dues to the City of Birmingham.
 IN TESTIMONY WHEREOF, the City of Birmingham has caused this bond to be signed by the President of Nhe Commission of the City of Birmingham, Ala, and countersigned by the City Comptroller and ex-of- fieio City Treasurer, and the official seal of said city to be impressed hereon, attested by the City Clerk, and the coupons hereto attached to be signed with the engraved fac- smile signatures of said President and said City Comptroller, and this bond to be dated this, the first day nd and twenty-two. President of the Commission of the
 City of Birmingham. Ala
 Countersgned;
 City Comptroller and Ex-officio City
 Treasurer of the City of Birming-
 ham, Ala.
 Attest:
 ............,..-... ......- ..... City Clerk.
 COUPON
 On the ~ day of ...... 19. the City of Birmingham, in the State of Alabama, will pay to bearer at the Hanover National Bank, in the City and State of New York. twenty five and no-100 dollars in gold coin of the United States of America of the present standard weight and fineness, being the scmi-annual in terest then due on it's market bond, dated ....... the ........, 19.. .. No
 .................. . President of the Commission of the City of Birmingham, Ala.
 Countersigned:
 I ..s- =. = = =. /. . City Comptroller, Exrofficio City Treasurer.
 On the back of said bonds shall be the following provision for registra- tion as to principal.
 Provision for Registration This bond may be registered as to principal in the holders name on the books of the City Comptroller of the City of Birmingham, such registra- tion being noted upon the bond by the City Comptroller. after which no transfer shall be valid unless made on said Comptroller's books by the registered holder and similarly noted on the bonds, but the same may be discharged from registration by being so transferred to bearer, after which it shall be transferred by de- ] livery. but it may be again registered l as before. The registration of the bond as to principal shall not re- strain the negotiability of the cou- pons by deliverly merely.
 (No writing hereon except by th>