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[[obverse text]]
LANDESHAUPTSTADT KARLSRUHE / GUTSCHEIN ÜBER / 50 / FÜNFZIG / PFENNIG / KARLSRUHE, / DEN 22. APRIL 1920 / [[image]] FIDELITAS / DER STADTRAT / [[signature]]
[[translation]] STATE CAPITAL OF KARLSRUHE / VOUCHER FOR / 50 / FIFTY PFENNIG / KARLSRUHE, THE 22ND OF APRIL 1920 / [[image]] FIDELITY / THE CITY COUNCIL / [[signature]] [[/translation]]


[[reverse text]]
BIS AUF WIDERRUF ZAHLBAR BEI / ALLEN STÄDTISCHEN KASSEN / 50 / [[image]] / 50 / [[seal]] FIDELITAS / STADTRAT KARLSRUHE [[/seal]]
[[translation]] PAYABLE AT ALL MUNICIPAL BANKS UNTIL REVOCATION / 50 / [[image]] / 50 / [[seal]] FIDELITY / CITY COUNCIL OF KARLSRUHE [[/seal]] [[/translation]]

Transcription Notes:
[[obverse image]] red crest, yellow banner "FIDELITAS" [[reverse image]] town buildings, open street, fountain