The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1897-11-25
An ORDINANCE

.UTHORIZING THE ISSUING OF BONDS
BY THE CITY OF OCALA. FLORIDA. FOR
-. THE PURCHASE AND ERECTION OF AN /
ELECTRIC LIGHTING PLANT FOR SAID
CITY, AND TO PROVIDE FOR THEIR /
b PAYMENT:
Be it Ordained b. the Mayer and City Coun- /
ell of the City Of Ocala: !
/ See l. That At the General CITY Election 10 |
be held on the 18th day Of December. A d. |
1897 the question of the issUauc- of the bonds
proposed by this ordinance - h issued. Tor |
i the purpose hereinafter Specifi-s.. under and
1 nv virtre of the Az bori+x conferred upon the
Mayor and City Council II hcs5s- in their cor
porate capacity. ~ ire provisions uf 2H act 81
the Legislature Of the >faI" 81 Florida. emit
territory constituting tilf. municipality known
a. the City of Ocala, dividing the same into
therein. and providing for the appointment of
certain officers. the issuing of bonds. and the
assessment and collection of taxes IN -al2
city approved June ith. Isl snail h. sur
mittpd To the electors voting al said election.
TO determine whether or not -UcH Issue shall
be authorized by q vote Of The majority OF t.2e
registered voters OF said city at said election.
Sec ? The Mayor and City Council of the
CITY of OcaIa. in their corporate capacity.
shall issue from time 10 time f.5nds Of said
citv in denominations Of fifty dollars: the
nrincipaI Of which shall I've nava lie al the end
of not less than fifteen nor more than thirty
years. the aggregate face value If said bonds
10 in no event exceed the sum % sixteen th"a-
sand $4,000 dollars. said bonds shall hear
interest at a rate not 10 exceed six per GEM
per annum. to be fixed By 0Tdnence. which
the 10th days Of May and November OF each
year, and shall be payable a. the City OF ocala
i and ct some other place - he desi grated n u
ordinance 10 he hereafter passed 10 carry into
effect the provisions Of this ordinance. SAID
'oonds shall have interest coupons engraved
and attached. gnad hv the Ciry Treas IrCT II
said city. and payable on the days above
armed' and at the piaccS Spcciisa y M - ais'
the above mentioned ORDNANCE % o. ltfraii-
ter passed designating such place. said BOMBS
shall be engraved under the direction OF the
Mayor and City Council OF SAID cltE; ana Silal,
be signed by the Mayor and CITY Clerk. and
shall bear the corporate seal Of the City q
Ocala. and shall be sold al not less than their
face value. and shall be delivered in amounts
as the proceeds ara needed TO pay for the i'm
mentioned and provided for: and the pro
ceeds of the sale of said bonds shall Ice applied
to the purpose for which such issue Is hereby
authorized, and - 10 other.
Sec B. The City Courcjl shall levy annually
such special tax on all the taxable prop Fty
within the corporate limits OF said city; which
Is hereby pledged To- the payment Of said bond
and the interest thereon. a may ~ ncceSsal y
to pay the interest on said BONDS and provide
for their payment and retirement when tn
same shall become due under the provisions
of an oriinanc" hereafter 10 be passed u ca Fry
into effect the provisions of this ordinance
md the said City Council and Mayor sh3l
rom time To time. Ivy ordnance. require O.
he Trustees of said bonds and the distur-ln-
gents handling the money hereDy provide,
be raised. Sach bonds for the faithful per
'rmance Of th"ir duties a may II, ntce'@I,i.l
fully protect the interests of said city Tn
id special tax for Interest and for thu pay
ent IF said bonds shall be payable and col
ctablc only in lawful money Il the lElt"'
-ateS or in past due coupons # said bonds
q when collected shall - aTr.ie solely 4
vment of the interest on said fnnd@ and TIA
incipal thereof "a the same shall or may is
me due.
sec l. There shall he a board Of three tru~
whose duty II shall hc t. receive eai
ndS as soon a. the same engraved an
ecuted. and SrIl the same Al not les tina
rand dispose Of the proceeds a. provided b
.,pyl frr- hal tr.
intrd 10y Jhe Governor OF u" STATE Of Flor
under the provisions OF section - Of III
d act approved june 4th. loe.'-
see ). This ordinance proposes and pr,
les for the issuing ri bonds for the pUTnr~
purchasing. erecting. cqiippl"g ana "prl
ny such electric lighting I."nt, machine
d materials : may .r- necessary and Hfont
the opinion Of said City 'rancjt and Ii
vfuIy AUTHORIZED agents %" al nj, Tor til
eys Of said city, ans! al" !nr t-t purpGS"
pDlying light Ia the Inhabitants # said CIT
their private residences ana other proc
and for such other and further lighting
e said City Council may deem proper an
pedieut for which >ach charges a The I -
.uncil may deem proper shall be mad. II
II OF such plant. machinery and naterld
All not exceed the sum of sixteen thou>ar
liars: the purcha~" Of which said plant. III
ialS and machinery. al not exceeding "a
October, \. D., l,'7. authorized hy "a vote
Allied electors of said city qualified und
provisions Of Sec. l.. Of Chapter ifi. q u
te at an election he3d on that day for III
rpose. Vt the election "a h. held - q
II day of December. =. D.. is and mere.
horized the question 70 b. ~u1mi,-,1
registered voters Of said c.tS shall.
tether or not bonds Of sid city shall
ued not exceeding in amount the sum
teen thousand dollars, for me purpose
in this section of this ordinance. and eat
Allied elector shall have an opportunity
te for or against the issuing OF Said bon
said purpose; and If 10y SAID vote the is
bonds hereby proposed. not 10 exceed I
cunt herein named. and for the PIlrp,
out by this ordinance. 9e @t,.h9rlze!, -