The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1898-03-03
AN ORDINANCE

An ordinance o carry into eject ne pro-
<f9lprs ~ an o rdinaEce entitled. An nrIi-
nance ai'horZlEg the issuing Of boId- ~ ia"
IIty 81 Dca!a, Florida. for ia" puFrI1--. and
erection Cf an electric Ii-stiIiE plant for
said city ana 70 provide for their payment
passed and approved Npvclnbcrr l-l7
Whereas under and hT virtue Of rh.. r,r0-
visions 81 an ordinance entitled An ord nance
authorizing the issuing Of bonds by the Civ
OF ocaIa, Florida, for the purchase and erection
OF an electric lighting plant for said city, and
70 proEiGc tor their payment. approved No
several wards of the City OF Ocala on the 18th
day OF December, \. y. 1897, to determine
whether or not the issue Of bonds proposed by
Sald ordinance. or any part thereof. should he
al lhat tune approved by a majority Of the
registered voters Of said city. qualified TO vote
al sail election. and thereby AUTHORIZED:
And Whereas in and by said ordinance the
Issuance Of bonds TO an amount not exceeding
sixteen thousand dollars was provided for.
ana the purpose for which said issue # bonds
should be used Is expressed in general terms
:AnQ whereas. ct said election. 80 held on the
18TH day Of December, A. D. 1887. thu issuance
OF bonds Tor the purpose mentioned amounting
10 sixteen thousand dollars. in and by said
ordinance provided for, was approved by
majority vote OF the registered voters Of said
city, qua ifi"d TO vote at said election:
AND " h"reaS. at a meeting OF the city council
OF said city on the 2Ist day q December 1891
from the canvass Of the returns Of the inspect
ors and clerks Of said election. it was declared
by said city council that the result az said
election was to authorize said issue Of bonds.
Now. therefore. be it ordained ~ the Mayor
and The City Council of the City of Ocala:
SECTION /. That the Mayor of the CITY of
Ocaia. the president Of the City Council and
the chairman Of the finance committee. of said
city council shall have engraved three hun
dred md twenty per cent coupon bonds of
Lighting Bonds of the City Of Ocaia. TO the
amount of sixteen thousand dollars. Each Of
said bonds to he of the denomination Of fifty
dollars = be dated on the day Of issue and
payable aS follows: All Of said bonds payabl"
October st. 1918 and to bear interest at per
cent per annum, payable semi-annually at the
office Of the city treasurer in tn" city Of Ocala
with engraved interest coupons attached
thereto payable at the end of periods OF six
months from the date of said bonds. Said
bonds shall be signed by the Mayor and city
clerk. and shall bear the corporate seal Of the
City Of Ccala, and the coupons shall bear the
engraved signature of the city treasurer.
Both principal and interest shall lie made
payable IN United states gold coin.
Seq. That the three trustees provided for in
and 10y section four of said ordinance entitled
by the C.ty of Ocala. Florida, for the purcha@c
and erection of an electric lighting plant for
said city. and to provide for their payment
approved Noyem Der 9TH. 1881. and their sue
cessOrs in office shall be officially known and
designated as trustees for the electric lighting
bonds of the City of Ocala. Said board OF
trustees shall adopt and use Il common seal.
SEC. 3. That said bonds shall be made pay
trustees only after being cOuntcrSign"d by the
chairman and clerk Of said board, with their
seal alta ched, and only after said Issue or de-
livery of said bonds by said board shall have
been authorized by an ordinance adopted 10y
the city council of said city; whcr"upon said
bonds shall become payable to the bearer
thereof. Said bonds shall be- soon as en-
graved. delivered to the said board of trustees.
1t shall be the duty of the said trustees to
receive the said bonds and to sell the same at
not less than par. as the sale thereof shall
from time to time be authorized by ordinance
adopted by said city council; and when any
bond Is sold or issued by them they shall reg
lister the same in book to be kept for that
purpose
SEC. 4. That said bonds and the coupons
attached shall be in the following words and
figures; the blanks left for the number of each
to be filled i'll as the number Of the bond may
render necessary.
No...... UNITED STATES OF AMERICA so