The Birmingham age-herald., 1924-08-22

The rate of interest on ali of said bonds shall be five per centum per annum, payable semi-annually on the first day of April and on the first, day of October, in each year, and all such bonds shall have attached to the same, coupons which shall be signed by the President of the Commission of the said ! City of Birmingham and eountersigned by the City Comptroller as Ex-Officio | City Treasurer, but their fac-simile sig natures may be Autographed or en- l graved upon said coupons. Said bonds and said coupons shall be payable in gold coin of the United States of Amer ica of the present standard weight and 'fineness at the Hanover National Bank in the City and State of New York. Said bonds may be registered as to prin- cipal in the name of the holder there of in the manner prescribed in the form of the bond hereinafter provided.
 Section 2. That the form of said bonds other than those numbered 641 to 050, both inclusive, shall be substan- italy as follows:
 UNITED STATES OF AMERICA
 STATE OF ALABAMA
 CITY OF BIRMINGHAM
 FREE PUBLIC LIBRARY BOND No. . "a - ss,9$10 100000
 KNOW ALL MEN BY THESE PRESENTS, that the City of Birming- hma, municipal corporation, in the State of Alabama, acknowledges itself indebted to the bearer hereof in the sum of One Thousand Dollars 1 ($1, ,OOO.O0), which sum it promises to pay on the first day of October 19-, together with interest on said sum from l tk. date hereof until paid, at the rate of five per centum 0. per cent) per ] a,uum, payable semi-annually on the i first day of April and on the first day of October on presentation and surrender of the interest coupons here to attached as they severally become due, both principal and interest being payable in gold coin of the United I States of America of the present stan dard weight and fineness, at the Han 0vre National Bank, in the City and State of New York. This bond may be registered as to principal, the registry to be certified hereon by the City Comptroller, and is subject to success sive registrations or transfers as to prin- cipal 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 oth- CTS an Act entitled, An Act to author ize the holding of elections by municipal corporations in the State of Alabama for the purpose of obtaining authority to issue bonds for public purposes here in defined, and to provide for holding such election: and declaring the result thereof, and to authorize the issue of such bonds when a majority of the yot- CTS participating in such election vote in favor of the issue of. such bonds. and to regulate the issue, execution. sale and security of such bonds" ap- proved August 26th, 1909; and an Act to amend Section 2 of said last above mentioned Act, approved February ZOth, 1915, also an Act to amend Sec tlon of said aEove mentioned Act approved September 25th, 1919, and un- der and in pursuance of special cleo tion duly held May 18th, 1924, Under said Acts and the lawsT'of said State, and in pursuance of ordinances and pro- ceedings of. said City duly held. passed. and adopted ; this bond being issued for the purpose of acquiring a site for a free public library, for erecting. fur nlshing, equibping- and maintaining a free public library building, and for es- tablishing a free public library, and for extending, enlarging, improving. re- pairing, equipping' anda furnishing the same.
 1t is hereby recited, certified and de- clared that all acts, conditions and things required to exist, happen and be performed precedent to and in. the is- suance of this bond have existed. han pened, and been performed in regular and due time, form and manner as re- qulred by law, and that this bond. to- getheg with all other indebtedness of the City of Birmingham does not ex- ceed any limit prescribed by the Con stltutlon or statutes of said State. This bond and the interest coupons hereto attached are exempt from State. county and municipal taxation, and after the respective maturity thereof shall be re- ce1vable 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 the Commission of the City=of Birming- ham, Ala, and countersignedv by the City Comptroller and Ex-officio 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 facsimile signatures of said President and said City Comptroller and this bond to be dated this, the first day of October, 1924. ...-