The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1941-09-03

Year Amount Year ABtSunt
1872 $4,000 1851 $1,000
1913 1900 1852 1000
1874 4 09a 1853 5000
1885, 3 900 1854 5000
ts4G 4 600 1855 5,0s0
| lg47 4, 900 1856 5000
ISIS geo 1851 5000
1913 1000 1855 5000
The resolution of the Authority,
i Debsntures, also authorizes an adj
ditional 500, 600 of It's Housing Au-
therity Debenfures tFirsf Issuel
which viii be designated as Series
h Debentures, will be dated October
1, 194i VIII bear interest at Pa per
cent per annum and viii mature
! scrially from April l. 1853, To April l,
20og. The Series B Debentures viii
be sold to the United States Hous-
ing Authority Hereinafter called
the .-KSHAs9 as hereinafter stated.
The Series A Debentures are re-
/ deenable at the option of the Az
thority on any interest payment
date prior to their maturity, but
only after or simultaneously with
the retirement Of all Series 3 De-
bentHres as whole, or in part in
at par 4and accrued interest tu,sthe
date. of redemption plus premium
Sc four per centum l4 per centJ Of
iSheirs par value If redeemed on or
before October I, 1916. or premium
of three and one-half per centum
(3M per cent? Of their par yaine II
redeemed thereafter but on or be-
fof three per centum t3 per cent? or
their par value If redeemed there
after but on or before October !,
1885 or premium OF two and one.
half per centum f214 per cent? OF
their par value II redeemed there
after.
The proceeds of said Debentures
are to be used for the payment OF
the cost and expense of developing
low rent housing project consist
ing of two developments commonly
known as Joseph Yates Porter Place
and Fort Village, GSHA-Atded
Project Nos. Ffa-I3-1. 1872, located
in the City Of Key West, Florida,
and for which the TSHA has agreed
to make a loan to the Authority, g
assist in the development thereof
| The USHA has contracted TO pur-
chase at par and accrued interest
Housing Authority Bebentures
| lFirst Issuel Series p Of the Az
thorftv in an amount the proceeds
of which. together with the pro-
eeeds of the Series A Debentures'
! will be sufficient 10 complete the
Project, but not exceeding ~ any
event, the maximum amount q
Series r Dehentures authorized Dy
said resolution. On or prior 10 the
delivery of the Series A Debentures
to the purchaser, the USHA Will
M K q fsaIiyarx of an amount of Series
ID Debentures, the proceeds OF which,
together with the pFoceeds OF the
Series A Debentures above de-
2 ess.sz. a. ne " a
existing Indebtedness OF the Au-
thority with respect TO the Pr01ect.
The pebentures herein offered for
sale {aBd the Series b Debentures)
are special obligations of the Au-
thority and are secured by a first
nledsre of the net revenues derived
from the operation Of sale PROJECT
and are further secured by a pledge
of annual contributions to pc MADE
To the Authority by the USHA hnusE
and subject to the terms and conui-
tons of a contract made between
che Authority and the USHA, known
as the Assistance Contract Inder
the provisions of said Assistance
Contract and safe resolution, the
annual contributions SO pledged
shall be applied first 70 the pay
menf of interest and prineIpa as
the same mature on the Series
nehentures. However, no prlneipat
Of Series 3 Dehentures VIII mature
nptfi one year after the last ma
turity OF the Series a Debentures
For more complete description OF
the Debentures herein offered Tor
sale and q more complete statement
If the revenues and annual cnntribu-
tfons pledged for their payment,
bidders are referred to said resoiu-
ton and Assistance Contract
comics of which may be obtained
from the Secretary of the Authority.
Post office Box 3. Key West FLOR
Ida.
The Debentures herein offered for
sale. together with the interest,"
thereon. are BY tha provisions q
a74 ! I An1pt from all taxation now
or hereafter imposed by the United
Sfafes Chapter 1883, Act NO ~RRt,
General Laws OF Florida. 1855 also
provides that the interest on anu the
! income from the dehentures OF
housing authority shall be exempt
from all taxes.
The Debentures hereby offereG
win bear interest, payable semi N
the proposal (which shall pc N
| multIples of II or lilo of per cent?
which is accepted for the purchase
Of such Iyebentures. Bidders may
specify more than one rate 81 III
terest to be borne by such Dep
lures but may not specify mere tnan
one interest rate for the Debentures
| ~ any maturity or an interest rate
/ for the Iebentures Of any maturity
II excess Of three and one q uar ter
1ar centuua {314 per centl per annusa
The Series A Debentures VIII pc SOLO
10 the bidder offering TO pay there
/ for not less than par and accrued
interest til the date Of delivery anu
/ u hose bic results in the lowest ~
| tsrest cost The interest cost 81 the
+ f1ehentures bid for by any bidder
snail be determined by agEregalang
the annual interest requirement.
far such T5ebentures over the HE
# the series at the rate or RAGS Fl
interest specified IN the bid ana &C.
dueting tnerefrom the preEila I'm, =
any. offered by the BIDDER
All bios must BE uaceslalf mat
The validity % the 80
/ RAYMOND. IFS broadway, New foT *
New York. a copy Of V hose 0piI1loA
faretfler with the transcript p pF0-
ssa.sgair,sgs authorizing the Issuance nj
fhs nebenfures. viii be delivered W.
the pureha ser free Of ehaTse. Re
form OF such approving opinlen 80 80
be obtained upon Tsqnsst lIvM ~
/ Neesrs Caldwell and RaNmona.
All proposals for the purchase
T,ebenf,lres shall be submit tec "
] me forrn set out below The risht
Is reserved to reject any ana all Di@ss
4 zach bidder IS requested 70 sAp-
unit with his bid cpmpuIa ti0aA
showing the aggregate or fne
nuai interest requlrens - 5ifS
Series a Debentures over tne liz
- - carsau and the interest cost