Gainesville daily sun. (Gainesville, Fla.) 190?-1938, 1905-07-21
AN ORDINANCE.

An Ordinance to be Entitled An Ordinance
70 Provide foi An Election to Determine
Whether or Not Bonds Shall be Issued for
the Purpose OF Securing Educational Ad-
vRntages and Facilities IN or Adjacent TO
Said CITY,"
BE IT ORDAINED IN THE MAYOR AND ClTY
CoUNCu or THE CITY OF GAINEsvILI y,
FLORIDA
Section THE Mayor is hereby directed TO
issue his proclamation calling u special cleo.
ton 10 be held on the Sth day of August 1913,
10 decide whether or not the issuance OF the
bonds provided for by this Ordinance shOu be
| at that time, approved by the registered vo-
tiers OF said city ut such election.
section 9--The Mayor and City Council OF
the City Of Gainesville, In their corporate ca.
pacity shall issue bonds ~ said city in denomi-
nations OF One Thonsand Dollars. and for the
total amount tOwi. Fifty 1housand Dollars
ana To- bee tme due and payable rs follows. to-
Wit Twenty Thousand DOllars 10 10 years
from date OF issue, ani Fifteen Thousand Dol.
'rs each succeeding 10 years thereafter uutl
the full amount thereof shall have been paid
Ia regular numerical order. said bonds 90 bear
interest at the rate OF Eve per cent per IN.
mum. payab'e semi'annualy. and the interest,"
ana principal Of said bonds shall be pas able at
the bank ot n. r Dutton 4 Company IN said
city; ana such bonds shall have engraved In
teTeSt coupons at ached thereto. payable at
the end OF periods OF Nix months from the date
OF the bond said bonds shall be engraved UNI
der the direction Of the Mayor anu City Coun-
Gil Of said city, ana shall be executed by the
MAY or and President OF the Clay Council. ana
shall bear the corporate seal Of said citg. Said
bonds shall be said At not less than par anal de-
hVered In amounts ~ tho proceeds are needed
10 pay for the purposes hereinafter pro ided
for
section 3-The plrpO~e 20 which the pro-
cceds Of the bonds prov ided for la the y coed.
luz section are To be applied are the iolipw'ng,
VIZ To acquire. build or purchase building
on buildings for school purposes or otherwise
secure educational advantages oud facilities
In OF adjacent ~ said civ.
Section THAT this Ordinance shall be pub
lshed Ia full In n newspaper publSned ia said
city for thirty days after it's passage aud al
prevail. and along with the publication ~ this
ordinance there shall uc published herewith.
az the same tltne. In the same newspaper and
for period OF thirty days. the Mayors prOcla'
nation calling the succtal election provided
for In section one of ths Ordnance,
section The ballots 10 be used 90 said
FOR Educational bonds" aud. Against Edu-
catiunal llOpdS." Such election shall % called
and held and tue returns thereof shall We can
VASsed a. other city elections are usually cali
Cd. held and the returns thereof cRnyaSsed.
" tie majority OF the votes cast az said cleC-
ton shall be For Educational fondS, then
such bonds shall be- issued IN compliance with
the terms and precision, OF this ordnance; II
the majority OF the votes FAST ~ such election
shall he Against Educational bonds, then
no such bonds shall bt issued
Passed City Council July g. lplA
President Civ Council.
Approved by me this nd Jaiy, l0a.
W r. THOMAS. Mayor.