The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1911-05-05
THE BOND ORDINANCE
To be Submitted 10 the Voters Of OcaIa
Tuesday, May 16, 1911.


An ordinance 10 submit 10 the regis
tered voters of the city OF Ocala, the
question of issuing bonds 10 the
amount Of one hundred thousand dol
lars for the purpose OF buying and
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 l. 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. >. 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. 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. If a ma
jority of the registered voters of the
, said-eity of Ocala shall vote for bonds
r 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. If 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 &c
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 thar
thirty years from the date the same
are issued.
Sec. ). When said bonds are is
sued the same shall be denominateC
bonds for water works" and the words
bonds for water works" shall b'
stamped the face thereof; and saiC
bonds shall be applied to 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
: sessed and collected upon the real an
-, personal property within the corpor
~ ate limits of the said city OF Ocala
&c 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 issued a
- the same shall become due and pay
able.
Sec g. The amount of said tax $
collected each year shall be paid b
. the city treasurer 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 c
same but not less than for par valu
thereof and they shall proceed TO pa
for the purchase or construction an
equipping of water works for the cit
of Ocala from the proceeds thereof
Introduced placed on first readin
and referred to the judiciary committe
March p. 1871.
Placed on second reading and adopt
ed by sections April 4th, 1911.
Placed on third and final reading an
|. adopted April 4th. 1911. II. c. Jones,
President of the City Council
, Approved by the mayor of Ocala tn
April 8th, y. u. 1911.
ID ]. D. Robertson.
-- Mayor of the City of Ocala. FL
y Attest II. G. Sistrunk,
Clerk of the City of Ocala.
Recorded in city ordinance boo
pages from 4 to : inclusive. April St
1911 II @ Sistrunk CITY Clerk