The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1898-02-17
AN ORDINANCE

visions OF an ordinance entitled. An ordi
nance authorizing the issuing of bonds by tn,
city OF ocala, Florida, for the purchase and
erection of an electric lighting plant for
said city, and TO provide for their payment
passed and approved November 9th. 1897
Whereas under and by virtu" of the pro-
visions of an ordinance entitled" An ord nance
authoriznF the issuing cf bonds by the City
OF ocal Ia Florida. for the purchase nd erect ion
OF an electric lighting plant for said city. and
10 provide tor their payment approved Nc
several wards of the City of Ocala on the 18th
day of December, y. ID. 1897. 10 determine
sald ordinance. or any part thereof. should he
at that time approved by a ma jortv OF the
registsre voters OF said city. qualified TO vote
| at said election. and thereby authorized:
And whereas. in and by said ordinance the
Issuance of bonds TO ar amount not exceeding
sixteen thousand dollars was provided for
and the purpose for which sa id issue of bonds
| should be used Is expressed in general terms
sAnd whereas. al said election. SO held on the
| lith day of December. A. D. 1891. the issuance
! OF bonds Tor the purpose mentioned amounting
| to sixteen thousand dollars. in and by said
niaIorlty vote OF the registered voters Of said
city. qualified TO vote al said e. lection;
of said s,r en a a 'Gng OF the city council
from the canvass Of the returns Of the inspect
ors and clerks OF said election. il was declared
by said city council that the result of said
election was to authorize said issue Of bonds.
Now. Therefore. he il ordained by the Mayor
and the City Council Of the City Of Ocala
i.
Ocala. the president of the City Council and
the chairman of the fna nee com nittee of said
city council shall hav" engraved three hun
dred ana t~enty6 per cent coupon bonds of
the City Of Ocala, I" he known as Electric
lighting Bonds of The City of Ocala. To the
amount of sixteen thousand dollars Each of
said bonds to Ice of the denomination of fifty
dollars TO De dated on the dag of issue and
payable "a follows: All of said bonds pavahlc
october lSt 1918 and To bear interest at per
cent per annum. payable scni-annually at the
ONCE OF the city treasurer in the city of ocala
ir...
thereto payable at the end of periods of six |
months from the date of said bonds. said |
clerk. and shall bear the corporate seal of the |
City of Ocaa and the coupons shall bear the |
engraved signature, of the city treasurer
Both principal and interest shall he made |
payable in United States gold coin.
Seq. That the three trustees provided for in
and by section four IF said ordinance entitled
" An ordinance authorizing h" issuing Of bonds
by the City of Ocala. Florida. for the purchaS..
and erection of an electric lighting plant for
said city. and To provide for their Payment
approved November: rh 1>!'1 and their sue
cessorS in office shall he officially known and
bonds of the CITY of Ocala Said board of
trustees shall adort and use IA common seal.
able To bearer. and shall be delivered 10y said
trustees only after being countersigned 10y the
chairman cha and clerk Of said board: with their
livery of said bonds 10y said board shall have |
been authorized by an ordinance adopted hy
the city council of said city: whercupon said
bonds shall become payable to the bearer
thereof. Said bonds shall he. as 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.
SIC. T. 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 in as the number of the bond NAV |
render necessary.
No...... UNITED STATES OF AMERICA $50