The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1911-02-18
BOARD OF TRADE


the board are interesting themselves
in the bonding proposition for the bet
terment Of the town and are pledging
! their hearty cooperation 20 the city !
council TO that end.
The question last night was on the
/ bonding proposition as read by DR. j.
E. Chace for the general bonding com
mittee, the details of which have al
ready been published in the Star half
a dozen times, II suggested an issue
! Of 100000, in which is included water
works, sewerage. more paved streets,
enlargement OF present electric light
plant and $4,000 for school purposes.
Each of these propositions will be vot
/ ed on separately OF course the report
was accepted.
! The committee appointed by the
chair to cooperate with the city
council in securing horse lot for the
accommodation of our country cousins
stock IS composed of the following
/ gentlemen: L. c. Smith. F. T. Helven-
ston and z. c. Chambliss.
New members secured and added 10
the roll were Messrs. r. L. Bowling,
IC. r. Tydings and DR.. Walter Hood
The secretary's report showed fifty-six
members. The treasurer's report show
ed $1474 on hand
Inc ground was again cOFeFed ABOUT
| what was the law in regard to the city
council being authorized to call
election to bond the city. Mr.. f. T.
lHelvenston looked up the law and the
secretary read it and it proved to be
a Legislative enactment passed in 1889,
| to empower towns and cities of this
state TO bond for 20 per cent Of its
sessed valuation. Mr. Helvenston stated
the assessed value of the property of
Ocala was s1.50O,000 and 20 per cent of
this sum would give the amount of the
proposed bonds. That a majority of
voters at an election would determine
the issuing of bonds. and bonds could
not be issued for a less term of years
than five nor more than IS years.
DR.. Chace then remarked that owing
TO the fact that Ocaia did not repre-
sent all of the territory included in the
Ocala sub school district, special act
of the legislature would have to be
had to vote on the bond issue repre-
senting the school bonds. Then there
was more discussion about power to
bond lodged in the city. The president
said that Attorney L. W. Duval had re-
ported that when he was a member of
the city council the city attorney was
called for an opinion on this ques-
ton and it was his recollection that
the present law of the city allowed
bond issue of only 10 per cent of the
: assessed value of the city. Other par
ties gave their impressions why they
thought the city could only bond for
10 per cent of it's assessed value, but in
the light of the law, reSurrected by Mr..
Helvenston and that nothing else could
be found but the law read on this sub
ject, that must stand against any i'm
pressons, etc.
Attorneys W. H. Hooker and r. L.
Anderson are credited with drawing up
the notices in the local papers. put
ting the Legislature on notice that
Ocala will apply for an enabling act to
call an election to issue bonds.
Mr.. Chambliss observed that brokers
/ and banks would more readily take and
; bid more for bonds based on a ten per
; cent assessment on bonding of a town
l or city. Sure; because security is en-
: HANGED by the lesser per centage.
1t was moved a special committee be
l appointed to assist the city council in
this bonding proposition. The presi-
dent declined to appoint said commit
tee and asked the board to elect one.
Messrs z. c. Chambliss, c. S. Cullen
and ]. NJ Meffert were elected.
> The question of electing a member
of the board of governors to fill the
vacancy caused by the death of Mr..
Edward Holder, on motion of Mr..
Chambliss was laid over for a full
meeting of the board.
DR.. Chace requested that the local
apers publish the franchise agree
ment between the Ocala Water Co and
the city so that those voters who care
j. to acquaint themselves with the facts
= of the case can do so and not depend
l on the partisan statements of every
knocker in the town.
1t will be done
President Roess brought up the
question of a track scale in the S. \.
l l.. yards which the Ocala Lumber &
L supply Co. applied for last summer to
e the state railroad commission. That
body ordered its installation, but it has
not been put in. All cars of lumber
T. for his company have to be sent to
[ causes a delay frequently of several
4 days. Mr.. Roess stated he had a letter
from the railroad commission saying
the Seaboard wanted a rehearing in
/ the track scale case. Mr. H. c. Jones
o moved that the question be pushed
: r. r. Carroll thought it would be a
good idea to get busy a publicity
campaign on the bond question so as
i to inform the voters of the needs of the
r city. and if possible convert the indif-
= ferent or those opposed to it. Presi-
n dent Roess made some remarks along
r this line and said certain parties in
n town held up their hands in holy hor-
l, ror at the bond proposition and in the
It language of the trust it would be con-
t. fiscatory, but he could not see it in that
k light.
: Then followed considerable discus
s sion of how the electric light plant anG
d the water works under one manage
: ment would be a great saving to the
d city, but this was all anticipatory. We
y haven't got to the fence. and after We
% reach that point it is time to go into
= the details
Board thereupOn adjourned.
Those present We're MeSsrS. NJ J
sc Roess, L. F. Savarese. J. NJ. Meffert.
r F. Thompson, J. E Chace. c. s. Cullen
q +. T Helvenston. z. c. Chambliss, H
10 c. Jones. H. A. Fausett. B. II. Seymour
II {. +. TydingS, G. y. Carmichael. r. L
l. Martin. r. r. Carroll. j. J. Gerig. T II
a Harris. ]. w. Hood.