The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1911-05-15
THE BOND ORDINANCE
To be Submitted to the Voters of Ocala
Tuesday, May 10, 1911.

To be Submitted to the Voters OF Ocala
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 70 provide for the issuing OF
! said bonds.
Be il ordained by the city council OF
! the city Of Ocala:
/ Section 1. That within five days at
| 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. 2. The mayor shall In his proc
lamation appoint the managers and
clerks of said election, day for the
holding of same and said proclamation
shall be published for at least thirty
days prior to said election.
Sec. 8. 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 .he amount of one hun
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
i"against bonds" shall mean and be con-
Istrued to mean that the person so vot-
ing is opposed TO the city of Ocala is
lsuing said bonds TO the amount OF one
hundred thousand dollars. II a ma
ljOrity of the registered voters OF the
said city of Ocala shall vote for bonds
then bonds shall be issued, but il a ma
jority of the registered voters OF the
said city of Ocala shall not vote fol
bonds, then no bonds shall be issued.
Sec. 4. II a majority OF the regis
tered voters of the said city Of Ocals
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 a:
many thereof as may be necessary Il
carry out the purpose and intention Of
this ordinance) of the denomination o.
ten hundred dollars each and payable
in not less than ten nor more thar
thirty years from the date the same
: are issued.
Sec 5 When said bonds are so is
sued the same shall be denominateC
bonds for water works" and the word:
bonds for water works" shall b'
stamped on the face thereof; and saiC
bonds shall be applied 10 no othe
purpose or use than for the buying anC
equipping or constructing and equip
ping of water works for the said cit!
of Ocala.
Sec. 6. Said bonds so issued shall b.
signed by the mayor and city clerk
with interest coupons attached which
shall be signed by the city treasurer
Sec = There shall be annually as
isessed and collected upon the real an
personal property within the corpor
ate limits of the said city OF Ocala
! tax TO pay the interest on all OF sal
bonds so issued and also tax to forr
a sinking fund for the payment OF tn
principal of said bonds so issued a
the same shall become due and pay
: able
, Sec. s. The amount OF said tax $
collected each year shall be paid b
the city treasurer 10 the three per
sons TO be appointed by the governo
of the state. as trustees Of said bond
: and their successors in office.
Sec. =. Such amount of the bond
so issued and at such time and i
such manner as the city council shaI
or may provide. shall be sold by sal
trustees Immediately upon receipt @
same but not less than for par valu
thereof and they shall proceed 10 pa
for the purchase or construction an
iequippinC OF water works for the cit
? OF Ocala from the proceeds thereof.
Introduced.~ placed on first readin
d and referred 10 the judiciary committe
March q, 1911.
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.
President Of the City Council
Approved by the mayor of Ocala tn
April Sth, \. D. 1911.
J d. Robertson.
Mayor Of the City Of Ocala, FL
Attest II. c. Sistrunk,
Clerk OF the City OF Ocala.
Recorded in city ordinance boo
) pages from 4 to : inclusive. April st
1911. II. c. Sistrunk. City Clerk.