The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1911-04-19
THE BOND ORDINANCE
To be Submitted to the Voters of Ocaln
Tuesday, May l8, 1911.

Tuesday, May 18, 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 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. 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. 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 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
jority of the registered voters of the
said city of Ocala shall not vote fol
bonds. then no bonds shall be issued.
Sec. 4. If majority or the regis
| tered voters of the said city of Ocale
shall have voted for bonds, then the
mayor and city council shall cause
said bonds TO be issued to the amour
of one hundred thousand dollars Cor a
many thereof as may be necessary t.
carry out the purpose and intention o
this Ordinance) of the denomination o
ten hundred dollars each and payabl
in not less than ten nor more thar
thirty years from the date the sam
iare issued.
Sec 5. When said bonds are so is
sued the same shall be denominate,
bonds for water works" and the word
bonds for water works" shall b
stamped on the face thereof; and sal
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. 6. Said bonds so issued shall b
signed by the mayor and city clerl
with interest coupons attached whic
shall be signed by the city treasurer.
I Sec. {. There shall be annually as
sessed and collected upon the real an
I 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 forl
a sinking fund for the payment of tn
: principal of said bonds so issued q
the same shall become due and pay
able.
Sec. 8. The amount of said tax
collected each year shall be paid b
the city treasurer TO the three pei
sons 10 be appointed by the governo
of the state, as trustees of said bono
and their successors in office
Sec. 8. Such amount of the bono
l.. SO issued and at such time and
= such manner as the city council sha
n trustees Immediately upon receipt
? same but not less than for par vall
thereof and they shall proceed TO pa
for the purchase or construction ar
lequipping of water works for the ci
- of Ocala from the proceeds thereof.
Introduced, placed on first readir
and referred 10 the judiciary commit,
March 21. 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 tn
April sth. a. D. 1911.
J. D. Robertson,
Mayor of the City of Ocala F.
Attest H. c. Sistrunk.
Clerk of the City of Ocala
Recorded in city ordinance boo
1911. II. c. Sistrunk, City Clerk.