The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1898-05-20
AN ORDINANCE

Authorizing the issuance Of bonds by the
city II Ocal.,. Florida. for the purpose Of pay
.ug of IEt retiring TIA" outstanding indebted
ness "i said city. and 4" provide for their pay
menr-
Re IT. ordained by the city council of the city
81 pcslla
section That the mayor OF the city OF
D,-ala i hereby authorized aHd directed. upon
the pa>-agc and approNa al OF this ordinance,
10 MA ~ mi submit 20 the city council Of the
city ct Ocala. All order provided for in sec
t"n~ and 81 81 th'' election ordins nee OF said
city approved March >. 1895. fixing day for
tia holding 81 4 special election under the
provisions 81 said election ordinance. Ia de
leTmin- whether or not the issuance Of the
bonds proposed 10y this ordinance To be issued.
ipr the purpu>+. hereinafter named. under and
hy virtue 81 th~ authority conferred upon the
mayor nnd city council OF said city. IN their
corporate capacity. hy the provisions of an act
II the legislature 81 the state OF Florida en-
illlru - Va act declaring the boundaries oil the
territory constituting The municipality known
: The city II Orala. dividing the same into
wards. changing the time Of holding elections
therein q nj prov iding for the appointment OF
certain officers. In" issuing of bonds and the
assessment and collection of taxes in said
city approved June !. 1889. shall lie al said
election authorized 10y a vote of majority Of
the registered voters Of said city.
~. =. The mayor and city council Of the
city 81 OctlH. in their corporate capacity, shall
issue from, time L. time bonds OF said city. IN
d-uomina ti"ns tn ~, determined 10y the said
city council the principal OF which shall be
PAYABLE al the end of Not less than twenty
years nor more than thirty years, the aggre-
Eaf" lace vain" 81 said bonds To not IN any
event exceed the sum Of twenty-four thousand
dollars. said bonds shall bear interest NJ 4
rate not 10 exceed six per cent per annum- TO
De fixed 10y ordinance. which interest shall be
payable semi annuSlly. on such days and AT
such places the city council shall designate
and determine 10y ordinance to carry into
eject The provisions OF this ordinance. said
iund~ shall have interest coupons engraved
aud attached. signed by the city treasurer of
said city and payable At the times and places
10 t,- designated hereafter a. hereinbefore pro-
Vidrd. said hands shall lie engraved under
The direction Of the mayor and city council Of
4 oft 4 NRVN he
and the city clerk, and shall hear the seal OF
said city. and shall be sold not less than
par. and shall b.. delivered in amounts as the
proceeds are needed for the purposes of this
ordinance. AMI the proceeds of sale Of said
which said issue i hereby authorized, and TO
no other purpose
sec } The city council shall levy annually
such special tax on all tn" taxable property
within the corporate limits of said city, which
j. hereby pledged 1" the payment OF said
bonds and thc Interest thereon. : may be nee
rssary L" uay the interest on said bonds and To
provide Tor ia" payment and retirement Of the
same when thew shall become due under the
provisions ~ The ordinance hereafter TO De-
passed to carry into effect the provisions OF
This ordinance; and the said city council and
the mayor shall from time To time require OF
the trustees 81 said bonds and the agents
handling The money 10 bc raised by the sale OF
sal bonds. such bonds and security for the
faithful performance Of their duties as may BE-
necessary &" fully protect the interests OF said
city. The Special Tax for the payment Of prin-
ripaI ana interest 81 said bonds shall De pay
able only IA law ful money u the nited states
"f America. 81 IN past due coupons OF said
bonds. and when collected shall he applied
solely L. The payment Of the interest on said
bonds and ia" principal thereof "a the same
shall or may become due.
SC. 1. The board Of trustees appointed a.
trustees Of the electric lighting bonds hereto
fore authorized aud issued 10y said city, shall
10 rnr trustee, 81 fB" bonds hereby authorized.
and their lUWrrS and duties in relation To the
bonds authorized by this ordinance shall I e
such are nov provided 10y law and the ord l.
I uauc,- 81 thI- city. or which may lie provided
! .HuH HH.4T.4 liar Ia
| carry int" effect this ordinance. may
hereafter b. required or provided by law or or
dInHnrc-
See =, This ordinance proposes and provides
for The issuing Of bonds FOR the purpose Of pay
| ing ufT and retiring any and all judgments
against said city 81 Ocalh. ana Tor paying on
ami retiring all outstanding bonds of said
city 81 iIS Iu" 81 June -. lisa, and Of all other
Issues prior to January J. lN+S. ana any ana all
! outstanding and unpaid scrip of the city OF
OcIla. AMI f"T taking "P. paying on and retir-
| iug all In.. Heating Indebtedness thereof. At
Ih,. .l.,-i I.ru -. held pur zuanf the order
| mentioned ia lhr first section OF this Ordi-
nance, the question to -. submitted to the reg
] i~f.rci voters 81 said city shall h. whether
MOI bonds al said city shall ~ issued. not To
| exceed in amount an" sum Of twenty-four
| thousand dollars. for the purposes set out in
| this section Of this ordinance. ana each quail
| fed -l'cl"r shall hav" an opportunity 10 vote
| for agaiu~t lh" issuing "f said bonds for
said pnrpo>.. and II 10y said N"i" the issue OF
| fasud- hereby proposed. not Ia exceed the
| amount herein named. ana Tor the purpose
! herein 81 ioTth- y" authorized 7ald hnnds
shall then issue under the direction of the
| Iri.ss cor and citg council. a. herein and may
~ hereafter provided. and the proceeds thereof
! shall To- applied q" TIA" purpose hereby pro
I pls~s-d ana 10 a" other.
80. g. 1h" -dlr 81 SAID bonds by the trustees
-hal. PROV id-d Tor ~ the city council in the
srI.uail". hereafter ~ De passed 10 carry into
! effect ifl.- provisions Of this ordinance; snd
81 IL bonds shall bc sold from time To time
| u,:s appear 70 the city council necessary for
Ih,. purposes al this ordinance 10 order -ale OF
SAM. II the fun amount Of the issue hereby
| aufH.TlZtd - declared by ordinance al any
| tim unnecessary. then the bonds unsOld and
| remaining 100 fhc hands 30 the trustees shall
! ~ hrnugiIT IS them and surrendered 10 the
CITY ,Duu..ii. and shall IT, by said city council
dr-l re-, -.i. and no 'nnd- 81 said city author
| iZrd rs rbI- ordinance and by the said election
hereby prov idi for shall thereafter L. issued,
odd 90 negotiated for any purpose
-. Z said election shall ~" ordered. held
/ and conducted ia all respects under the pro-
Visions II the Erection Ordinance OF said city.
1ppr,l.- March 1ud. l~'-. applica bic To special
! "i..-tIOn- IaT tiI' purps-s- "f submitting any
.p.,-fIpu l., T" ri"clOr- 81 said City for their
| determination.
| $50. = All DrdiHAnces ma PARTS OF ordinHn-
r'-- iu conflict with the pr"yiSiOn> Of this OrdI
! ila u,- hereby repealed.
=. This ordinance shall! take effect i'm
| m-dIHtcly upon it, passage and approval Toy
.gllh an due speed - carry same into effect In
| - la anything herein provided 10 b. done
l Or IiII remains 10 b. dom
| Road 'i.@ iir-t time ApIii ~. l-y5-
| k.-.if liz second tim. May 10. lSr5
Read the third tim" and adopted May 10th,
49,. SIMON BENIAMIS.
I I-FtLg President City Council
&. II. CAMPBELL.
Mayor Of CITY of Ocalh