The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1911-04-21
THE BOND ORDINANCE
To he Submitted to the Voters of Ocala
Tuesday, May 16, 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 1. 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. 2. 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 8. 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-
strued to mean that the person so vot-
i'm &c Fov Of tla a;S Nf 10 ic-
suing bonds to the 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
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
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 foI
bonds. then no bonds shall be issued.
Sec. 4. If 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 as
many thereof as may be necessary tt
carry out the purpose and intention Of
this ordinance) of the denomination Of
ten hundred dollars each and payabl.
in not less than ten nor more thar
thirty years from the date the sam.
are issued.
Sec. 5. When said bonds are so is
sued the same shall be denominatet
bonds for water works and the word
bonds for water works" shall b.
stamped on the face thereof; and sait
bonds shall be applied to no othe
= purpose or use than for the buying ant
, 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. 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 of sal
, bonds SO issued and also a 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 S
collected each year shall be paid b
the city trea surer 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. 9. Such amount Of the bond
so issued and at such time and
such manner as the city council sha
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 to pa
= for the purchase or construction an
Iequipping of water works for the cit
of Ocala from the proceeds thereof.
Introduced, placed on first readin
and referred to the judiciary eommitte
March 21. 1911.
Placed on second reading and adop
ed by sections April 4th. 1911.
Placed on third and final reading ar
adopted April 4th. 1911. H. c. Jones'
t. President of the City Counc
Approved by the mayor Of Ocala tn
April 8th, A D. 1911.
J. D. Robertson.
Mayor of the City of Ocala. Fl
Attest H. c. Sistrunk,
Clerk of the City of Ocala
Recorded in city ordinance boo
pages from to I inclusive. April St