The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1899-08-18
AN ORDINANCE

AN ORDINANCE
o. Ocala, Flo.ida, for the purpose of paying
off and retiring the outstanding indebted
ness OF said city, and to provide for their
payment.
BE 1T ORDAINED BY THE CITY CorSCI1 OF
THE CITY OF OCALA:
Section /. That the Mayor OF the City Of
Ocala Is hereby authorized and directed upon
the passage and approval OF this ordinance to
| make and bnit to the City Council of the
C1ty OF Ocala. an order provided for in
Sections and II Of the Election Ordinance OF
said city, approved March 2nd, 1898, liking the
| the provisions of said election ordinance to
determine whether or not the issuance of the
| bonds proposed by this ordinance to be issued
| for the purpose hereinafter named under and
| by virtue of the authority conferred upon the
Mayor and City Conncil of said city. in tt cir
| act of the Legislature Of the state of Florida
entitled, AN act declaring the boundaries Of
the territory constituting the municipality
known as thu City Of Ocala dividing the same
| into wards. changing the time of holding
| elections therein, and providing for The ap-
p"intment of certain officers. the issuing OF
bonds and the assessment and collection of
| taxes in said city approved June 4th, 1889,
shall be at "a id election authorized by vote
OF majority of the registered voters OF said
| city.
Section ,. The Mayor and City Council OF
the City OF Oca la, in their corporate cal acity.
shall issue from time to time bonds Of said
city in Communications to be determined by
the said City Council, the principal OF which
| shall be payable at the end of no. less tho n
| twenty years nor more than thirty years. tn 1.
! aggregate face va ne of sa id bonds 10 not, III
any event, exceed the sum of tW"nty four
| Thousand dollars. Said bonds shall b.sr in
terest at IL rate not 70 exceed six per cent. per
| annum, to be fixed by ordinance which in
| t-rest shall b. payable scmi annually. on such
| days and at such places as the CITY Counci 1
shall designate and determine by ordinance
| tn carry into effect the provisions OF this or
! dinance. Satd bonds shall have in terest cou-
| aud ba6 nod
| city treasurer of said city. and payabl" 1T the
| times and p'a aces to he designated hereaftefas
engraved under the direction Of tic Mayor
| and CITY Council of said city, and sha al he
signed by the Mayor and City Clark. and
| shall bear the seal of said city. and shall be
sold at not less than par. and shall he de,
| livered in aTounts as the proceeds are ,ced-
| ed for the purposes his ordinance. and the
| piled to the purpcse for which said issue is
h" reby authorized. and to no other purpose.
Section B. The City Council shall levy ar
| nually such special tax on oil the taxable
| property within the crrcorate limits of snid
| ely. which i hereby pledged 20 the payment
| IF said bonds and the interest thare"n may
| b. necessary to pay he interest on aid bonds
| and to provide for the payment and retire
| ment of the same when they shall b;cOme due
! under III provisions of the ordinance here
| ft:." to b. pasSed to carry into effect til" pro
| visions Of this orc nance; and III" said City
| Council and the Mayor shall, fr,m time t,
| time, require OF the trustees of said bonds ard
| the agents handling the meey to hc rni cd by
| the sale of aad b 'n'ls. such bonds ard scru' i
| tbs for the faithful performance OF their
| duties as may be necessary 10 fully protect the
interests of aid city. Til: spet al tux for the
ban bon ' shall be payabe c a in OF mn Ss1
| of the United States OF America, or il past due,
coun"n1 of said 'onds, and when colIec' ed
| interest on said nds and the prn npal
| thereof, as the same shall or msy become
| due.
| section /. The boa I'd Of trustees appointc.,
| a = q 1isf inc n do hpro
| tof.,r' uEh"rized and issued hy said city
!, shall be the trustees Of the bonds hereby au
| thOriZt q. and their powers and duties in re-
| lation to the bonds authorized by tn1s ord.
dance shall be such as are now provi ed by
law and the o dinanceA + this city. which
my be provided by an ordinance hereafter ID
be passed to carry INTO effect this o d;nance.
| or rs may hereafter be required or provided
| by law or ordinance
vides for he issuing OF bonds FIR the lu pose
of paying off aud r. firing any and al: judg
paying off and ret ring ali outet ndi"g bonds
IF sd d city Of It's issue Of June 24th. 1891. and
of all other issue prior to Janna'y 1t, 1898,
and any and All outstanding and u"p>id scrip
| of the City OF Ocaia. and for taking up, p y
ing off ard re iring all the floating ind bed
ness thereof. At the election to he held pur-
| suant to the order mentiont q in the Fl st sec
ton of this ordinance, the que 1ton to b sub
| mitted to the regist. red voters of said city
sha 1 be whether or not bonds of 81 d CT y
| shall be issued, not t exceed in amount the
| sum Of tw MY four thou-and dollars. for the
| nance, and each qualified elector shall h We Al
| opportunity 10 vo:e for or agairS 1T he ls>uine
| OF sa d bonds for 81 id purpose and #. by id
| vote. the issuing of bonds h Pcbv propOAo q
| not To exceed the amount herein named. and
for the pu,p"s, herein set fo' til, be author
| lied. said bonds shall then issue under the
| q rect on OF the Mayor and City Council. a
here and hs may be h. reafter provided, and
the proceeds thereof shall he app led 70 the
purpose hereby proposed. and to no other.
| Section Is. The OF ssid bonds by the
thu tees shall be ovid Il for by the City Coun,
ell in an ordinance hereafter to BE- passed to
| carry into effect the provisions 90 this ordi-
nance; and said bond shall be sold from time
t" time as it may appear To the City Council
order SAFE of same If the full amount OF the
| Isl ne he ehy uthoriZed be declared by ordt-
name" at any time necessary, then the bonds
| unSo'd and remaining in the hands Of the
tru tees shall b" brought by them and sur.
rendered to the City Council and shall hc by
| Said CITY oUncll destroyed. and no bonds OF
| said city authorized by this ord nance. snd
by the said erctio, hereby provided Tor. shall
thereafter be issued sold or negotiated for
| q y purpose.
Section :. Said election shall u" ordered
held and conducted in all respects under the
provi 3ions of the g cctiOn OIdin tnce of Sa1d
city. appro we'd March md. 1N'S, apple bic t.
| special elections for tn" purpose Of submitting
any question to the electors of said city for
| their detprmin ,tiOn
Sec, ion \. All ordinances End parts Of ortii.
nanceS in conflict with the provisions Of this
o dinanc" are hereby repealed
| Section @. Thi- ordinance shall t'ke effect
immed ately upon its p,>Ssgc and approval
hy the Mayor: and the Mayor shall then pro
coed with all du" speed to carry same into
effect II so far a anything herein prnyiued t.
he dom hy him remains to be done.
Read the first time 4 pril Is 1899
Read the second time Jun" -. l~'9.
Read the thir timr and adopted jury I 1o'4
| D. W DAVIS,
President City Council.
Approved July 18th. \. d.. 1870.