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HomeMy WebLinkAboutO-13713 21 ORDINANCE. Me. 139 To call and order an election to be held in and by the qualified electors of the Town of Fairhope, in Baldwin County, Alabama, voting at an election to be held on the 31st day of :,Iarch, A. D., 1936, at the Town gall of Fairhope, the only place of voting, for the voting upon and deciding the question as to whether or not the negotiable coupon bonds of said municipality to the amount of Forty-two Thousand ("42,000. 00) Dollars shall be issued for the purpose of refunding an outstanding bonded indebtedness of Twelve Thousand (v12,000.00) Dollars, issued October 15th, 1927, for the purpose of building a fill across Bayou Charbon on Section Street in Fairhope, Ala- bama, and maturing October 15th, 1937, and Thirty Thousand (p30,000.00) Dollars in outstanding municipal obligations aris- ing from the acquisition of property for public use and the con- struction of improvements in, and the funding of floating debts of said municipality; said bonds, if issued, to be issued in denominations of One Thousand ($1,000.00) Dollars each, and to bear interest from the date of issuance at a rate not to exceed six per cent (6%) per annum, payable semi-annually, and to mature as follows: Two Thousand ($2,000.00) Dollars on the First day of may, of the years 1937, 1938, 1939, 1940, 1941, and 1942, respec- tively; Three Thousand ($3,000.00) Dollars on the First day of May, of the years 1943, 1944, 1945, 1946, 1947 and 1948, respective- ly; and Four Thousand ($4,000.00) Dollars on the First day of May, of the years 1949, 1950, and 1951, respectively; said bands as to interest and principal to be payable in lawful money of the United States of America, at the Bank of Fairhope, in Fairhope, Baldwin County, Alabama. -2- BE IT ORDAINED BY THE MAYOR AND COUNCIMM OF THE TOVIN Or FAIRHOPE, BALDWI11 COUNTY, ALA- BAMA, AS FOLLOWS: SECTION OIZE: That there shall be and there is hereby called and ordered an election to be held in and by the qualified electors of the Town of Fairhope, in Baldwin County, Alabama, on Tuesday, the 31st day of March, 1936, at the Town Hall of said Town, the only place of voting, for the purpose of voting upon and deciding, by ballot, the question as to whether or not negotiable coupon bonds of said municipality to the amount of Forty-two Thousand ($42,000.00) Dollars shall be issued for the purpose of refunding an outstanding bonded indebtedness of Twelve Thousand ($12,000.00) Dollars, issued October 15th, 19272 for the purpose of building a fill across Bayou Charbon on Sec- tion Street in Fairhope, Alabama, and maturing October 15th, 1937, and Thirty Thousand (030,000.00) Dollars in outstanding municipal obligations arising from the acquisition of property for public use and the construction of improvements in, and the funding of floating debts of said municipality; said bonds, if issued, to be issued in denomination& of One Thousand (;U,000.00) Dollars each, and to bear interest from the date of issuance at a rate not to exceed six per cent (60) per annum, payable semi-annually, and to mature as follows: Two Thousand (?2,000.00) Dollars on the First day of May, of the years 1937, 1938, 1939, 1940s 1941, and 1942, re- spectively; Three Thousand (�3,000.00) Dollars on the First day of Lay, of the years 1943, 1944) 1945, 1946, 1947, and 1948, respectively; and Four Thousand ($4,000.00) Dollars on the First day of 1'ay, of the years 1949,'1950, and 1951, respectively; said bonds as to interest and principal to be payable in lawful money of the United Staten of America, at the Bank of Fairhope, in Fairhope, Baldwin County, Alabama. SECTION TWO: That notice of said election shall be -3- given by publication in the Fairhope Courier, a newspaper pub- lished in Fairhope, Baldwin County, Alabama, once a week for three successive weeks-, the first publication to be nade at least thirty days before the election, and which notice shall be substantially in the following form: NOTICE OF ELECTI CET Notice is hereby given that a special election will be held in the Town of Fair - hope, Baldwin County, IUabama, at the Town Hall, Tuesday, Earth 31st, 1936, for the purpose of deciding the question as to whether or not the Town of Fairhope issue itz negotiable coupon bonds to the amount of rorty-two Thousand (p42, 000.00) Dollars for the purpose of refunding an outstanding bonded indebtedness of Twelve Thousand (w12, 000.00) Dollars, issued October 15 th, 1927, for the purpose of building a fill across Bayou Charbon on Section Street in Fairhope, Alabama, and maturing October 15th, 1937, and Thirty Thousand (�30,000.00) Dollars in outstanding municipal obligations arising from the acquisition of property for public use and the construction of improvements in, and the funding of floating debts of said municipality; said bonds, if is sued, to be issued in denominations of One Thousand (k)1,000.00) Dollars each, and to bear in- terest fron the date of i :suance at a rate not to exceed six per cent (6;L) per annum, payable semi-annually, and to mature as follows: Two Thousand (�2,000.00) Dollars on the first day of I.lay, of the years 1937, 1938, 19392 19402 1941 and 1942, respective- ly; Three Thousand (V3,000.00) Dollars on the First day of May, of the years 1943, 1944, 1945, 1946, 1947, and 1948, respectively; and Four Thousand (w4,000.00) Dollars on the First day of 'lay, of the years 1949, 1950, and 1951, respectively; said bonds as to interest and princiral to be payablo in lawful money of the United States of America, at the Bank of Fairhope, in Fairhope, Baldwin County, Alabana. "e- Mayor. SECTIOIT VHRM: That the ballot to be voted at said bond election shall be in the folloviinG form: -4- OFFICIAL BALLOT: SPECIAL ELECTION TWIT OF Ya.IRHOPE, ALABAla, MARCH 31ST, 1936. "That the TO n of F'airhope, BalC�win County, Alabana, i2sue it;, negotiable coupon bonds to the amount of Forty-two Thoacund (;n 2, 000.00) Dollars for the purpose of re- funding an outstanding bonded indebtednesri of Twelve Thousand (,�12, 000.00) Dollars, issued October 15th, 1927, for the purpo--6 of building a fill across Bayou 4harbon on Sec- tion Street in Fairhopc, Alabama, and ri, ,turing Gctober 15t;i, 1937, and Thirty Thousand (;30, 000.00) Dollar: in outstanding municipal ob- ligations arising from the acquisition of prop- erty for public use and Vae construction of in- provci.:onts in, and the funding of floating debts of said municipality; said bon.da, if issued, to be issued in denomint tions of fine Thouswnd (11, 000.00) Dollars each, and to bear interest from the date of issuance at a rate not to exceed six per cent (60) per annua, parable sami-annuul- ly, and to mature as follows: Two Thousand (.G,2, 000.00) Dollars on the First day of I.:ay, of the years 1937, 1938, 1939, 1940, 1941 and 1942, re- spectively; Three. Thousand (!b3,000.00) Dollars on the First day of I.Iay, of the years 1943, 1944, 1945, 1946, 1047, snd 1948, rc-,pectively; and Four Thousand (44,000.00) Dollars on the First day of :.Iay, of the years 1949, 1950, ;and 1951, respectively.ft IITSTRUC:TIOI,S: Place an X before your choice. YES ( ) NO ( ) SECTIOU FOUR: That A. L., Stearns J. W. Hodge and Delia K. Bancroft be and they are hereby appointed as nanagers, and A.- H. I'ershon and C. L. Basey , aa. Clerks, anal Georgo W. Clifton , as Returning Officer; that said officers shall qualify and hold said election and na::e their return, as required by the Statute and Latins of the State of Alabama. SECTION FIVE: The J. ayor and Torn Council of the ToVM of Fairhope, Alabama, shall meet at the Torm Hall in the Torn of Fairhoi e, dlabana, on uednesduy, the Pirst day of April, 1936, at 8:00 o'clock P. L% and canvass the returns and declGre the -5- result of said election and transact such other business in the premises as may be required or authorizes: by law. Dopted this 24th day of -vebrua,ry, 1936. Llayor.