The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1911-05-11
THE BOND ORDINANCE
To he Submitted to the Voters of Ocaia
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 or buying ana
eauipping or constructing and equip
ping water works for the said city or
Ocala and to provide for the issuing OF
said bonds. i
Be II ordained by the city council or
the city of Ocala:
Section 1. That within five days af-
ter the passage and approval or 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 or 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 ana
clerks Of said election, day for the
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 the amount or one nun
dred thousand dollars for the purpose
of buying and equipping or construct
ing and equipping water works tor
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 If a ma
iority Of the registered voters OF the
said city Of Ocala shall vote for bonds
then bonds shall be issued, but II ma
iority of the registered voters or the
said city of Ocala shall not vote Tor
bonds. then no bonds shall be issued
Sec. A. II 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
Thereon
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 so is
sued the same shall be denomlnate'
bonds for water works" and the word
bonds for water works shall o.
stamped on the face thereof; and salt
bonds shall be applied TO no othe
purpose or use than for the buying an
equipping or constructing and equip
ping of water works for the said cit
OF Ocala.
Sec g. Said bonds so issued shall d
signed by the mayor and city clerF
with interest coupons attached whic
shall be signed by the city treasurer.
Sec. Z There shall be annually as
sessed 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 or sal
bonds so issued and also tax 10 fofi
a sinking fund for the payment or tn
principal of said bonds so issued a
the same shall become due and pay
able.
Sec g. The amount of said tax 5
collected each year shall De palu
the city treasurer TO the three pei
sons to be appointed by the governc
OF the state, as trustees of said bono
and their successors in office.
Sec. 9. Such amount OF the bone
so issued and at such time and
such manner the city council sha
or may provide, shall be sold by sa
trustees Immediately upon receipt
same but not less than for par vail
thereof and they shall proceed to pa
for the purchase construction az
equipping of water works for the CT
OF Ocala from the proceeds thereof
Introduced, placed on first readir
and referred 10 the judiciary commit
March 81. 1911.
Placed on second reading and adop
ed by sections April 4th. 1911.
Placed on third and final reading al
adopted April 4th, 1911. H. c. Jones.
President of the City CounC
Approved by the mayor of Ocala II
April 6th, A. d. 1911.
J. D. Robertson
Mayor Of the City of OcaIa F
Attest II. c. Sistrunk,
Clerk of the City of OcaIa
Recorded in city ordinance boz
pages from to inclusive, April 8
{srr, L.