The champion. (Arcadia, Fla.) 1895-1911, 1906-01-04
ORDINANCE no. g.

nu Ordnance $50. ~ 4uil lf "
~ rre Counsel 0f ihs cry NJ Ar-
r4dia. Florida, providing i9r tne it.y
1ra lax Hlfic.eut DO pag DE inteiest
Ia sIl bond. Ehen due and ty cir'tts
atut'ng fund to ilacharse ne PIN
rIral thereof 40 maturity hh' NAiNf
tbe 1tEer details 90 fit ia41.
whereas by Ordinance 80. ~ 1elS
aerel by tle cts council or ihe el.y
% Arcalia. Fl0ula. tne nff'.'aDit
rrlr bonds of said citV Helc authQi
f and direefsd d. b. Issued in me
zrregats amount ~ $4,000 t0r tnt
g.IqEIng purpose tJ-uit $1,000 iof
r.ref4rfrr "a school house slte ana
reefirg school house thereon ana
4ubping the same 5000 f9r ihe plr-
lJ.e ~ opening Widening ana latins
.1a afreets anl e.Isu alss oi sail clllf
M fig0Gg f0f constructing and ma.ii-
.alrlng VaterEorks in aud i1r satl
NHereas alta special election duly
allied ana held il al. respects ln COM
GLANCE gitt blu Goo said ciiy 0u Apnl
A ID 1855 mor- taan tWD-iMrds Of
l. Guaiaed resident electors 0f said
.fC uH0 were asD owners oi real 81
.ata within The corporate limits ~ SAID
ftv and UPON which tbey had paid
ares for tie year when tle same wene
a5f due voted iu favor ~ the issuance
m saiI bonds. and
whereas said ordinance and al oi
.1c Proceedings had hereunder nave
been fully validated and the authority
~ said cily go issue said bonds iof
boz purposes and in the manner in
ald ordinance prescribed fuly eOH-
rmed by au acI duig passed bF the
eri-laniTe 81 The State VI Fi0hla an0
ppr0ged May 20. a. j.. 1908. Now
hercf0rp.
BE- n Ordained Dy the City Council
~ the city Of Arcadia.
Section j. That the bonds mention
y ine p.e"'lS n,, ~ ,s e..a.' Is IL
,,-wIc school building bonds y 10
Igmber numbered from 10 ~ both
inclusive. street Improvement bonds
lu number. numbered from I 20
10Th inclusive. watcrwOrBs bonds 1S
RI number numbered from tO ls both
inclusive Said bonds shah be " tho
denomination of 1900 each. shall bear
iste ~ Noyenber rs. a. u 1905. ana
HAL become due and payable absolute
Isl on November % 1885. but shall be
.-deemsbie Oh November be-. 1925. or on
.nv annual Interest payment date
hereafter 40 the option VI said ctty
lfter giving due notice OF such cleo
u0n 10 redeem at The plate ar places
shere the principal OF said bonds and
he interest The ra0n are made payable.
said bonds shall bear interest at the
ate vi Gv. 90 per ceutmn per 8nnum
layable annually on the 18th dag OF
Noecmbfr boo each scar. which interest
yayments shall be- evidenced by proper
Jot1 PRINCIPAL and Interest shall BE-
,atabie in gold coin of the United
States N America VI The current stand
ird OF weight and nneness. al the az
Ice on th- treasurer " ssi.ia- Of
arcadia. Provided haa.e<ef iiiate the
.ntefegf. 49,. - one Nay be payable
e,-ifeiile e lP'e " Me city and state Of
'is-If FORK, or elsewhere as the board
n public works OF said city may d.
rect aud provide
Sec. 2 That each 81 said bonds and
each Of the Interest COUPONS thereto
attached shall be I'M substantially the
following forms respectively. to-wlt:
form Of Bond)
UNITED STATES OF AMERICA
STATE or FLORIDA
COUNTY OF DESOTO
CITY OF ARCADIA
SO. (Scnool Building. Street Im-
provement or WaterwOrks Bond. as
ne case may be) $1,000.
KNOW ELL MEN BY THESE
PRESENTS That the city on Arcad
On the County ~ Desoto and state
lf Florlda acknowledges itself to owe
ana for value received hereby promises
10 nay 10 bearer the sum of one
thousand Dollars ON November IS. a..
ID. 1926. together with Interest ON said
um from the date hereof until paid al
zoe rate Of FIVE (5l PER CENTUM
PER ANNJM. payable annually on the
18th day on November IN each wear
is evidenced by ard upon the presen-
tati1n and surrender OF The interest
coupons hereto attached as they sew
rally become due: both principal and
interest payable In gold coin Of The
United States of America ~ the cur
rent standard OF weight and hneness
he principal hereof payable al the OF
ice Of the city treasurer In said city
~ Arrahfa EVNrIdu uuT ftr. f..t.......t