Page 1 ORDINANCE WO. 3746 “ments::provided for in the:improvement:ord {nances be: the .improvements")3*the improvements..are “now under™-cons not “yet:been completed; - the totel cost of “the improvement estimetedto ‘be-in excess .of.$100,0003* the city has .héretofore-issust securities for:.the: purpose’ of" paying any vart of the-costs‘of “the Inpro “tents; . thé-city-dves not now have and. will not ‘have, evailabl prior: to: ' eompletion of the improverients “moneys suffictent to, pay. the costs. thereots and the couneil is. of the opinion that the:issuance ofthe notes herein-’. after authorized.for the purpose of providing: funds..for “payment. of- the ...-2 costs of the improvements would be advantageous to the: city ard to its ecitizens-and taxpayers. | we oa. Section 2e - Autho’ fe) fet e Pursuant to the applicable provisions of ths constitution and oaws of the State of Alabama, includ- ing particularly: Sections 465, and-570 of Title 37 of the Code of me ~ Alebama of 1940, end for the purpose of paying the costs, of constructing ~ the improvements, there is hereby autherized to be “borrowed from the :-.° Merchsnts-National Bank of Mobile the sum of $100,000, and in evidence :: of the money so-borroved there are. hereby authorized to be issued the. Negotiable General Obligation Public Improvement’ Notes, Series 1968 herein called. the 5 1 12 2 6 4 593 1699 141 33 68.999237 notes) of the city in the ‘ageregave prineipal 100,000, which shall..be” numbered .from 1 up in the order of Rechof ‘thenotes shall'-be equal “in principal” emount to th rowed at the time such note is issued,’ ‘shall be Gated’ on the ts, issuance, shall mature‘ion February 15,°1969,..shall bear inters ate ‘Until maturity at. therate..of Lo}: per: annum, and: shall | “MH Merchants" National Bank of. Mobile*in the City‘ of- Mobil ‘The..city. reserved .and- shall. have. the. privilese.of . paying “each a5 prior to its maturity =by.peying tothe holder thereof the: Lus Ant %.th : wed to. the dete of such 3 acer “.Section 3. - Execution of the Notes. : executed and the corporate seal of.the city shall .be affixed-.to ea ~ thereof by the “mayor, and the city clerk shall attest the same by .. affixing :her signature theretoe Bach of the nctes shall be registered - -- py the city treasurer in the records of the city as a claim against the . : elty and against the assessments ‘hereinafter pledged therefor. Said ~~ officers ‘are hereby directed so to execute, attest and. register “the ~ a. | General Obliestion’ end Special “Pledge. The indebtednes. oS evidenced and ordered paid by the notes.is ‘and shall be a general ” . oblicetion of the city for the payment of the principal of and interest ‘ on which the full faith and credit of the city are hereby irrevocable pledged. ‘In addition thereto, there are hereby further irrevocably pledged for peyment of the principal of and interest on the notes, pro rata, and without preference or priority of one over another by rezson he rete: % Page 2 ef prior issuance or otherwise, so much as may be necessary for such ... purpose. of the .proceeds of the assessments to be made against the pro~. ‘pertic “benefited: by: the * “improvements, ch ‘assessments together with féfred and-assigne “the benefit’ of -the notes;" with-poi holder: of: each ofthe notes tosenforc Bac he 11 be ins su “stantially the Following form, with. approprieteé- ins 2 numbers, enoninations,; and dates ret? . orttons.-28 70 ~th CITY OF PRICHARD, ALABAMA a : | NECOTIABLE GENERAL OBLIGATION PUBLIC IMPROVEMENT NOTE ee SERIES . 1968. a tage . On the a5tin day of February; 1969, for value received, “the City of Prichard, a mmicipal corporation in the Stete of Alabama (herein _. called the 5 1 10 2 2 4 420 1632 139 38 91.300026 city), promises to pay to the or rder of fhe Merchants . . 7 National Bank of Mobile. the Sum of. Coote “annus, payable” at: the maturity hereof.’ interest :shereon-sre“payable in lawful money of the United States o _ America at the prin¢ipal office ‘of The Merchants National Bank’ of. “3 : ; f .Mobile-in' the State of Alabama. ~The city reserves - the privilege of. ‘paying. -this.note-at, any time prior. to°its ‘maturity ‘by paying--the: principal ereof -plus | ‘the: interest hereon, accrued, to the’ date of such - ‘paynent .°. C, E _- oe ~ This” note evidences - “yalid’ poncrel obligation of the sity. ° = payment.of the principal of and interest on this note the ot ty hereby . pledges, dts full faith and credit. © “ . This note has been issued pursuant to the applicable provisions. of = the consititution and laws of the State of Alabama, including partie = - * eularly Sections 465 and_570 of Title 37.of the Code of Alabama of 1940 ar . an ordinance duly and legaliy adopted by the governing body of the city .- - for the purpose of raising'’funds to pay the costs of the street.improve= -. ments in the city provided for in the city's Ordinances Nos. 1106 and 111C The assessments provided for in the seid improvement crdinance have been * pledged and the liens securing the said assessments have been transferred and assigned for the nayment, pro rata and without preference of one over another, of a series of Negotiable Generel Obligation Fublic Improvement Notes, of which this note is one, suth:rized to be issued in the arererate srinecinal an ant af $700.000. : > Page 3 IN WITNESS WHEREGOF, the city has caused this note to be executed and its official seal to be 5 1 3 1 2 7 735 256 162 26 96.731491 hereunto 5 1 3 1 2 8 918 253 140 28 96.451935 affixed 5 1 3 1 2 9 1081 253 42 32 96.451935 by 5 1 3 1 2 10 1144 253 58 26 96.620842 its 5 1 3 1 2 11 1222 258 103 27 96.513855 mayor 5 1 3 1 2 12 1346 251 58 27 96.793289 and 5 1 3 1 2 13 1428 251 57 26 96.870544 has 5 1 3 1 2 14 1509 251 118 27 96.140282 caused 4 1 3 1 3 0 124 285 1445 73 -1 5 1 3 1 3 1 124 304 31 13 73.705803 +: 5 1 3 1 3 2 163 293 72 39 70.290329 the! 5 1 3 1 3 3 242 293 163 37 43.498199 same:-to: 5 1 3 1 3 4 409 293 51 37 26.668442 be: 5 1 3 1 3 5 464 291 310 38 26.668442 attested=by..tts 5 1 3 1 3 6 796 285 85 41 56.126930 elty 5 1 3 1 3 7 898 289 120 69 0.000000 oeeust 5 1 3 1 3 8 1040 289 85 37 95.033051 both 5 1 3 1 3 9 1143 288 39 38 96.341217 of 5 1 3 1 3 10 1201 288 85 46 85.735573 whon 5 1 3 1 3 11 1307 287 78 36 95.962975 have 5 1 3 1 3 12 1408 286 161 27 95.949547 hereunto 4 1 3 1 4 0 602 324 71 28 -1 5 1 3 1 4 1 602 324 71 28 0.000000 atiir 2 1 4 0 0 0 0 304 1684 1208 -1 3 1 4 1 0 0 0 304 1684 1208 -1 4 1 4 1 1 0 0 304 1684 1179 -1 5 1 4 1 1 1 0 304 1684 1179 95.000000 4 1 4 1 2 0 0 1483 1684 29 -1 5 1 4 1 2 1 0 1483 1131 7 95.000000 5 1 4 1 2 2 1512 1483 172 29 95.000000 2 1 5 0 0 0 0 304 757 37 -1 3 1 5 1 0 0 0 304 757 37 -1 4 1 5 1 1 0 0 304 757 37 -1 5 1 5 1 1 1 0 304 124 37 95.000000 5 1 5 1 1 2 722 325 35 3 95.000000 2 1 6 0 0 0 1108 576 378 4 -1 3 1 6 1 0 0 1108 576 378 4 -1 4 1 6 1 1 0 1108 576 378 4 -1 5 1 6 1 1 1 1108 576 378 4 95.000000 2 1 7 0 0 0 918 606 439 5 -1 3 1 7 1 0 0 918 606 439 5 -1 4 1 7 1 1 0 918 606 439 5 -1 5 1 7 1 1 1 918 606 439 5 95.000000 2 1 8 0 0 0 516 620 446 4 -1 3 1 8 1 0 0 516 620 446 4 -1 4 1 8 1 1 0 516 620 446 4 -1 5 1 8 1 1 1 516 620 446 4 95.000000 2 1 9 0 0 0 336 668 346 5 -1 3 1 9 1 0 0 336 668 346 5 -1 4 1 9 1 1 0 336 668 346 5 -1 5 1 9 1 1 1 336 668 346 5 95.000000 2 1 10 0 0 0 625 672 482 4 -1 3 1 10 1 0 0 625 672 482 4 -1 4 1 10 1 1 0 625 672 482 4 -1 5 1 10 1 1 1 625 672 482 4 95.000000 2 1 11 0 0 0 831 704 310 2 -1 3 1 11 1 0 0 831 704 310 2 -1 4 1 11 1 1 0 831 704 310 2 -1 5 1 11 1 1 1 831 704 310 2 95.000000 2 1 12 0 0 0 384 731 316 4 -1 3 1 12 1 0 0 384 731 316 4 -1 4 1 12 1 1 0 384 731 316 4 -1 5 1 12 1 1 1 384 731 316 4 95.000000 2 1 13 0 0 0 366 808 343 5 -1 3 1 13 1 0 0 366 808 343 5 -1 4 1 13 1 1 0 366 808 343 5 -1 5 1 13 1 1 1 366 808 343 5 95.000000 2 1 14 0 0 0 446 817 315 3 -1 3 1 14 1 0 0 446 817 315 3 -1 4 1 14 1 1 0 446 817 315 3 -1 5 1 14 1 1 1 446 817 315 3 95.000000 2 1 15 0 0 0 385 1067 1280 197 -1 3 1 15 1 0 0 385 1067 1210 70 -1 4 1 15 1 1 0 385 1067 1210 70 -1 5 1 15 1 1 1 385 1131 3 3 0.000000 ; 5 1 15 1 1 2 1150 1067 140 70 14.902847 payment 5 1 15 1 1 3 1312 1094 51 32 94.701347 to 5 1 15 1 1 4 1374 1099 57 28 96.662674 the 5 1 15 1 1 5 1450 1101 99 30 14.129799 city 5 1 15 1 1 6 1554 1093 49 33 14.129799 of 3 1 15 2 0 0 392 1108 1273 60 -1 4 1 15 2 1 0 392 1108 1273 60 -1 5 1 15 2 1 1 392 1132 26 33 88.773979 n 5 1 15 2 1 2 424 1131 105 35 75.621048 cash-. 5 1 15 2 1 3 531 1108 120 60 51.745178 ‘equal. 5 1 15 2 1 4 652 1131 47 31 88.720032 ‘to 5 1 15 2 1 5 721 1136 73 28 14.840485 the. 5 1 15 2 1 6 791 1121 206 45 0.000000 principal. 5 1 15 2 1 7 1005 1135 123 26 93.048935 amount 5 1 15 2 1 8 1147 1135 42 25 96.129364 of 5 1 15 2 1 9 1209 1134 84 26 96.772491 each 5 1 15 2 1 10 1310 1134 81 26 93.255234 note 5 1 15 2 1 11 1413 1133 252 34 0.000000 so-delivered. 3 1 15 3 0 0 394 1164 1241 66 -1 4 1 15 3 1 0 394 1164 1241 65 -1 5 1 15 3 1 1 394 1177 18 20 86.441040 s 5 1 15 3 1 2 433 1170 204 28 55.798607 ofseach-of 5 1 15 3 1 3 658 1170 61 26 92.828354 the 5 1 15 3 1 4 738 1161 298 34 81.156792 notes-shall-be 5 1 15 3 1 5 1046 1167 81 27 93.926193 used 5 1 15 3 1 6 1142 1164 89 65 90.493217 only 5 1 15 3 1 7 1251 1169 59 48 96.503990 for 5 1 15 3 1 8 1298 1221 12 3 5.299454 r 5 1 15 3 1 9 1333 1169 68 55 78.134949 the” 5 1 15 3 1 10 1422 1164 130 64 96.428986 purpose 5 1 15 3 1 11 1575 1169 60 31 96.631439 for 4 1 15 3 2 0 513 1198 1074 66 -1 5 1 15 3 2 1 513 1199 96 57 65.804939 rein: 5 1 15 3 2 2 584 1198 237 66 37.789337 n.euthorized 5 1 15 3 2 3 844 1203 49 39 84.066010 to 5 1 15 3 2 4 900 1203 43 46 94.497391 be 5 1 15 3 2 5 965 1202 149 55 54.268513 issued. 5 1 15 3 2 6 1512 1203 96 27 9.629257 Cail 2 1 16 0 0 0 460 1202 54 28 -1 3 1 16 1 0 0 460 1202 54 28 -1 4 1 16 1 1 0 460 1202 54 28 -1 5 1 16 1 1 1 460 1202 54 28 95.000000 2 1 17 0 0 0 907 1427 590 105 -1 3 1 17 1 0 0 907 1427 590 105 -1 4 1 17 1 1 0 907 1427 590 79 -1 5 1 17 1 1 1 907 1427 182 79 91.027206 President 5 1 17 1 1 2 1111 1440 39 26 95.681770 of 5 1 17 1 1 3 1173 1430 56 34 96.562355 the 5 1 17 1 1 4 1253 1438 82 32 57.871952 City 5 1 17 1 1 5 1353 1438 144 27 87.847717 Council 4 1 17 1 2 0 1109 1505 20 27 -1 5 1 17 1 2 1 1098 1499 31 33 32.568123 “di 2 1 18 0 0 0 0 1490 1131 22 -1 3 1 18 1 0 0 0 1490 1131 22 -1 4 1 18 1 1 0 0 1490 1131 22 -1 5 1 18 1 1 1 0 1490 680 22 95.000000 5 1 18 1 1 2 945 1490 186 22 95.000000 2 1 19 0 0 0 961 1531 150 10 -1 3 1 19 1 0 0 961 1531 150 10 -1 4 1 19 1 1 0 961 1531 150 10 -1 5 1 19 1 1 1 961 1531 150 10 95.000000 2 1 20 0 0 0 66 1490 1609 78 -1 3 1 20 1 0 0 66 1490 1609 78 -1 4 1 20 1 1 0 66 1490 1609 78 -1 5 1 20 1 1 1 66 1495 252 45 18.230286 We 5 1 20 1 1 2 366 1510 60 37 0.000000 os 5 1 20 1 1 3 442 1493 113 45 0.000000 cos 5 1 20 1 1 4 652 1541 14 12 85.836899 _ 5 1 20 1 1 5 690 1492 153 76 80.901917 Approved 5 1 20 1 1 6 867 1490 78 68 96.917473 this 5 1 20 1 1 7 1131 1512 40 26 95.461395 ay 5 1 20 1 1 8 1192 1506 39 26 95.461395 of 5 1 20 1 1 9 1251 1506 140 34 93.126373 August, 5 1 20 1 1 10 1415 1502 157 37 6.036667 1968.-:- 5 1 20 1 1 11 1618 1527 14 5 48.622478 . 5 1 20 1 1 12 1669 1527 6 4 48.622478 . 2 1 21 0 0 0 0 1544 1684 896 -1 3 1 21 1 0 0 0 1544 1684 896 -1 4 1 21 1 1 0 0 1544 1684 896 -1 5 1 21 1 1 1 0 1544 1684 896 95.000000 2 1 22 0 0 0 371 2813 1310 4 -1 3 1 22 1 0 0 371 2813 1310 4 -1 4 1 22 1 1 0 371 2813 1310 4 -1 5 1 22 1 1 1 371 2813 1310 4 95.000000