The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1911-04-27
THE BOND ORDINANCE
To he Submitted TO the Voters Of OcaIa
Tuesday, May 10, 1911.

To he Submitted TO the Voters Of O"aIa
Tuesday, May 10. 1911.
An ordinance 10 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 /. That within five days af-
ter the passage and approval of this
ordinance, the mayor of the city of I
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
lamation 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 a 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-
strued TO mean that the person so vOt-
ing is in favor of the city of Ocala is
suing bonds TO the amount of one hum
dred thousand dollars for the purpose
of buying and equipping or construct
ing and equipping water works for
the said city of Ocala. The words
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. II ma
jority of the registered voters of the
said city of Ocala shall vote for bonds,
then bonds shall be issued, but if ma
jority of the registered voters of the
said city of Ocala shall not vote for
bonds. then no bonds shall be issued.
| Sec. 4. II a majority OF the regis
| tered voters of the said city of Ocala
| shall have voted for bonds, then the
mayor and city council shall cause
said bonds to be issued to the amount
| of one hundred thousand dollars Cor as
many thereof as may be necessary to
carry out the purpose and intention of
this ordinance) of the denomination OF
ten hundred dollars each and payable
in not less than ten nor more than
| thirty years from the date the same
Iare issued.
| hon is
sued the same shall be denominated
bonds for water works" and the words
bonds for water works" shall he
i stamped on the face thereof; and said
bonds shall be applied to no other
purpose or use than for the buying and
iequipping or constructing and equip
! ping of water works for the said city
of Ocala
| Sec. 6. 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 I. There shall be annually as
isessed and collected upon the real and
ipersonal property within the corpor-
ate limits of the said city OF Ocala
tax to pay the interest on all of said
bonds so issued and also a tax to form
a sinking fund for the payment CT the
principal of said bonds so issued as
the same shall become due and pay
liable
Sec. s. The amount of said tax so
tcollected each year shall be paid by
the city treasurer TO the three per-
ls0ns to be appointed by the governor
of the state, as trustees of said bonds
and their successors in office.
Sec. 9. Such amount Of the bonds
so issued and at such time and in
!such manner as the city council shall
or may provide. shall be sold by said
trustees Immediately upon receipt of
same but not less than for par value
thereof and they shall proceed TO pay
for the purchase or construction and
equipping OF water works for the city
! OF Ocala from the proceeds thereof.
Introduced, placed on first readin z
and referred to the Judiciary committee
March q, 1911.
| Placed on second reading and adopt
ed by sections April 4th. 1911.
, Placed on third and final reading and
adopted April 4th, 1911. II c. Jones.
President of the City Council.
Approved by the mayor of Ocala this
April sth, \. ., 1911.
J. .. Robertson,
Mayor Of The City Of Ocala. Fla
Attest II. &. Sistrunk,
Clerk Of the City OF Ocala.
} Recorded in city ordinance book
: pages from TO : inclusive. April sth
1911. II. G Sistrunk. City Clerk