Page 1 47 Councilman N. J. Moulyet thereupon moved that the said resolution be finally adopted, shich motion was seconded by Councilman L. C. Lassiter, and upon the motion being put to vote the following vote 3 was recorded; Yeas: Mayor Dismukes and Councilmen Drew, Golson, Irby, Lassiter, and Moulyet; Nays: None. The chairman thereupon announced that’ the motion for adoption of said resolution had been unanimously carried, Councilman L. L. Drew then introduced the following ordinance in ‘ writing, which was read to the meeting: ORDINANCE NO. 539 gal Advertisement 1 t ORDINANCE NO. 539 :An Ordinance to Fix the Rate ‘ Of Interest ta be Borne by $70.000 Principal Amount of \ Public Improvement Bonds, 1 Series.1950, to be Dated Aug- ust 1, 1950. BE IT ORDAINED by the City ancil of the City of Prichard - fe of Alaba: that the So $70,000 principe of Pub- jie imorov r Bonds, Series +1950. of the city to be dated Aug- just 1, 1950, which were author- lized to be issued under the pro- visions of Ordinance No. 538 wof and which were sold by by resolution adopizd o: his date, shall bear interest at ‘the per num rate of 26, which a ere t shall be payable semi-an- pually on February 1 end August id raie of interest art said bonds, and that the denomination of the cou- pons applicable to the said bonds be computed at the said rate. Adopt and approved this 7th dey of August, 1950. , Authenticated: