The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1911-04-28
THE BOND ORDINANCE
To he Submitted TO the Voters Of Ocala
Tuesday, May 10, 1911.


An ordinance TO submit to the regis
tered voters of the city of Ocala, the
question of issuing bonds to the
amount of one hundred thousand dol
lars for the purpose Of buying and
equipping or constructing and equip
ping water works for the said city of
Ocala and to provide for the issuing OF
said bonds.
Be it ordained by the city council of
the city of Ocala:
Section l. That within five days af-
ter the passage and approval of this
ordinance, the mayor of the city of
Ocala shall by proclamation. order an
election held by the registered voters
of the city of Ocala to decide whether
bonds to the amount of one hundred
thousand dollars shall be issued for
the purpose of buying and equipping
or constructing and equipping water
works for the said city of Ocala, said
bonds to be in denomination of ten
hundred dollars each and bearing in
terest at the rate of not more than six
per cent per annum, payable in not
less than ten nor more than thirty
years from date of issue.
| Sec. ,. The mayor shall in his proc
| la nation appoint the managers and
clerks of said election. a day for the
holding of same and said proclamation
shall be published for at least thirty
| days prior to said election.
| Sec. 3. At said election plain white
paper ballot shall be used with the
words for bonds or against bonds"
written or printed thereon. The words
for bonds shall mean and be con-
tstrued to mean that the person so vot
| ing is in favor of the city of Ocala is
!suing bonds to the amount of one hun
Idred thousand dollars for the purpose
of buying and equpping or construct
ling and equipping water works for
the said city of Ocala. The words
l"against bonds shall mean and be con-
strued to mean that the person so vot
ing is opposed to the city of Ocala is
suing said bonds to the amount of one
hundred thousand dollars. If a ma
ijority of the registered voters Of the
Isaid city of Ocala shall vote for bonds,
then bonds shall be issued, but if a ma
Ijority of the registered voters of the
Isaid city of Ocala shall not vote for
lbonds. then no bonds shall be issued.
Sec. 4. If a majority OF the regis
tered voters of the said city of Ocala
Ishall have voted for bonds, then the
mayor and city council shall cause
said bonds to be issued to the amount
lof one hundred thousand dollars Cor as
many thereof as may be necessary to
lcarry out the purpose and intention of
this ordinance) of the denomination OF
ten hundred dollars each and paya bile
in not less than ten nor more than
Thirty years from the date the same
Iare issued.
Sec. ). When said bonds are so is
sued the same shall be denominated
ts.t-
bonds for water works" shall be
istamped on the face thereof; and said
bonds shall be applied to no other
purpose or use than for the buying and
lequipping or constructing and equip
ping of water works for the said city
! of Ocala.
| Sec. s. Said bonds so issued shall be
, isiGned by the mayor and city clerk
with interest coupons attached which
shall be signed by the city treasurer.
Sec. Z. There shall be annually as
sessed and collected upon the real and
ipersonal property within the corpOr.
> ate limits of the said city of Ocala {
itax TO pay the interest on all Of sait
ibonds so issued and also tax to form
. Ia sinking fund for the payment of tht
: principal of said bonds so issued a:
: the same shall become due and pay
. able.
Sec s. The amount of said tax 81
. collected each year shall be paid b!
the city treasurer to the three per
sons to be appointed by the governo
of the state, as trustees Of said bond
and their successors in office.
: Sec. g.. Such amount of the bond
o so issued and al such time and il
2, lsuch manner as the city council shall
o or may provide, shall be sold by sal
S Itrustees Immediately upon receipt 0
y same but not less than for par valu
II thereof and they shall proceed to pa
h for the purchase or construction an
y equipping of water works for the cit
" of Ocala from the proceeds thereof.
II Introduced. placed on first readin
land referred to the judiciary committe
-e March p, 1911.
y. Placed on second reading and adopt
ed by sections April 4th, 1911.
. Placed on third and final reading an
adopted April 4th. 1911. H. C Jones.
ID President of the City Counci
Approved by the mayor of OcaIa thi
April Sth, ~ D. 1911.
- J. D. Robert son.
:, Mayor of the City Of OcaIa. Fl;
- - Attest Fl. c. Sistrunk.
:. Clerk of the City Of Ocala
- Recorded in city ordinance bool
- pages from 10 : inclusive. April ST
1911. H. c. Sistrunk. City Clerk