The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1898-06-04
AN ORDINANCE

Authorizing the issuance OF bonds hy the
city of OcaIa. Florida, for TIN, BUrIo>- Of pay
ing OIL and retiring the outstanding indebted
mess "f said city. and ." provide for their pay
mont.
b, it ordained by The city council Of The city
of Dctla.
section That the mayor Of ih.. CITY of
Orala l. hereby authorized amt directed. upon
the passage ana appr"Na! az this ordinance.
To make and submit To the city council # the.
city of bcala. an order a. provided for in Src-
nnns and 81 Of the election ordinance Of said
city approved March >. 1855. fixing 4 day for
the holding Of Special election under the
provisions ~ said election ordinance. Ia de
tcrmin" whether "r not the issuance. If the
bonds pr"pn~"d 10y Jn!~ ordinance, To De-. issued.
Tor the purpose hereinafter named. under and
10y virtue uf tn" authority conferred upon the
mayor amt city council of said city. ia their
corporate capacity. by TIA" provisions 81 an act
Of IN" Legislature "f tile stat" IL Florida On
litI'd Yin ACT declaring thr boundaries 81 the
territory constituting In" muuIcI pality known
a. The city al Dcalu. dividing til, same into
wards. changing The time al holding elections
certain "ftcrrS. ia" issuing OF bands ana the
assessment and collection II tI-.v- Ina said
city. approved June !. 1881. shall 10. al said
rl'ctDu authorized Toy - NoI,. II a. ula iuritV Of
the registered VOTERS IL said city.
seq. :. The mayor and city council 81 the
city III D,aa ~ their .nrI.r.,l ,.rlst,.Ity shall
issue from, time" L. time i-,u,i- 81 said city. IN
denominations To- be. determined Iy Il,. -.tid
civ council tIi.. I:!nr!I,aI III which shall d..
pay able at the end "f Hrr less than twenty
years nor more tiiau thirty year. The l.gr,.-
gate iac" SIiu" Of laid h"nd~ 4" moi ia any
event exceed tit sum 81 twenty iBNT Thousand
dollars. said '"'nd- ~I'aiI i"hr interest ~ Il
rate npE Ia exceed -lN It.I conf I.t.r auuMI. to
10" fixed hy "r,iiE which interest shall i,.
pIEahI" -"Hil nnniiaIIN- "H H'IrH lag AMI ~
such place. as iIv rsl. '"u:s,'ii hail dr~l-nT'"
aud '"i' Fmin" j.. "f'iiHIucr tu carry into
tif., tn. provisions az las p.,i!uant-, said
hnnd~ shall have. interest coupons engraved
and attached. signed IV tu'. civ treasurer uf
-nid city. and pHEahI" 50 h"iIm-s aud riac'.-
designated h.r,.;f h"IrinI--rsr- pro
Nii'l. >IId bonds hail b.. engraved under
Ia 'iti. elton &c Il" mayor and ciig council "f
-,.!d city. nud -hd! IT,. -iunrd ny th,. MAJ"
ami thu city "i"Ek. aEd shall h.ar lh" -"nl 81
-Hid city. and Shall -. -nii AZ U"t les imam
pH o. anil shall Doc delivered iH amounts a. Tia.
proceeds arr needed i"E IN" purposes Il lL!~
ordinance. amt ia" pr'rr--'t- "i sal" 81 -nid
brud~ shall t'. apple g." fhr pu. t,,,~,. for
3, i3irh -sId I-~ur j. hereby authorized. ana 4"
~ either purpose.
~rc. .. III, an, c"uuc. -nIll lrsy annually
such Special IAN "u at t:r.. taxable property
within ia" corporate il:'i' 81 -aId city. which
: hri'iE pledged 1" IN payment 81 sad
i..Ei- and the iHtrI..r thereon. may ~. NEG
,--HrN a. my lhr interest uu said bonds and 10
ifnsIu' i'.i iit' I"NIa""' nd retirement Uf the
same " hen they -pHIl urcum. du, under the
prrri-!"H- .t lHr "I.ilU-'H.'. hereafter 10 -.
Ia-.,.i a.. carry into Eject rl irnl i-Inr- uf
this ordinance. ANA tie, said r3ty council and
~, m#E"T hall from iIlu'. iu iIIu" require al
tn trustees 81 aid h"it~ ,md tn. agents
said h'.nd~. such nuHl- ANIL security for the
iaiThftI Performance. 81 their duties a. may H..
n"c..--..Iy Jn fully rr"t"ri tn. Interests 81 sale
city Tn -I'Cl". tax fer iir'. lN Hs'.ut Of Jris-
ripal ana I'M r'- nf -Hii 'rruu- shall i,- I,Hl
able .iIiy in i.,W I! ne &C -u' uIird STATES
81 America. 800 Ir5-i ,G. r..mInn- 10 said
toud~. and when collected -hmll L.. applied
solely Z" M" payment Of Tia I"ivIt--l "u aid
bonds aUd tU" principal thereof a. the same
! shall ct may u"rDfII' due
SO. !, Tie. board nf fru-r,,- appointed -
trustees "f Nh. electric lighting bonds hereto
fpr,. ;Ut horiE.d and issued 10y said CITY. shall
lr The ara. ir'- 81 ih.. h"ni~ hereby authorized
and their I'uEErI- tud IufI"- iu relation Q. the
| bond authorized us this ordinance shall H.
such - arr. Now provided ~ law and tho nrGi.
I N Il les IL