The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1912-02-09
ORDINANCE No. 1873.

I Bond Issue of the City Of Lakeland
in the State Of Florida, and Pledg-
ing Said city to Levy a Tax sufi-
cient to Meet the Interest to Ac-
crue Thereon, and Provide Sink
ing Fund to Pay the Principal
When Due
BE IT ORDAINED by the city
Council Of the City Of Lakeland, IN
the County Of Polk. and State OF
Florida, as follows.
WHEREAS, The electors Of the
City of Lakeland In the State Of Flor
ida, at an election called for that pur-
pose and duly holden on the both
day of December, A. D. 1911, did
duly authorize the issuing Of bonds
Of the said City, for the several sums
and for the purposes following, viz:
Seventy-five thousand dollars ($75,-
100000 for the purpose of putting
in, constructing and operating sys-
TEN Of sewerage in said city; sixty
Thousand Dollars ($6O.O0O.OO) for
the purpose Of paving streets and
sidewalks therein; and fifteen thou
sand dollars ($15,OO0.OO) for the
purpose Of erecting public buildings,
IN "luding fire station and jail, and
enhancing City Hall for the use Ot
the city, Of Lskeland. and
WHEREAS, The form Of said bonds
and the interest coupons 70 be there
to attached. the date the sans shall
bear. the time when. and the place
OF places where the same shall Be
made payable, tie rate Of interest
1.-THE same shall bear aud when end
where the same shall become due and
payable, and other details thereof.
have not. as yet. been with particu-
larity fixed and determined: and
WHEREAS. 1t will be necessary to
levy from time to time tax sufi-
Client TO meet the interest thereon as
the same shall become due and pay
able, and to provide sinking fund
for the payment Of the principal Of
said bonds at maturity;
NOW, THEREFORE,, BE TT Or
DAMNED BY the city Council Of the
City of Lakeland:
SECTION /. That one Hundred
and FIFTY Thousand Dollars $780,
IO0O.OO) negotiable bonds to be NUM-
bered from i to $50 consecutively,
both inclusive, Of the city Of Lake.
land, in the State Of Florida, be is
sued, bearing date the list day Of
March, A. d. 1912, each Of the de-
nomination Of One Thousand Dollars
ts1,OOOO0l the first block Of said
bonds numbered from to 10 inclu-
sive to mature and become due and
payable thirty years after date Of
issue and tho same number thereof
being the next ten according to their
number in consecutive order. to be-
come due and payable every year
thereafter, making the last ten due
and payable forty-four years after
the date Of issue; with interest on
the principal. at the rate OF five per
cent. t5 per cent? per annum. pay
able seaizannually on the list day Of
March and September ii each year,
upon presentation and surrender 81
the interest coupons to be attached
to said bonds such principal and
interest shall be payable at the Office
Of The National Park Bank ID the
City Of New York state Of New
York; and The said bonds and the
coupons thereto attached with the
necessary variation as to number,
shall be IN the following form, to
wit:
United States Of America. State
Of Florida City Of Lakeland. FIVE
per cent. Street and Sidewalks, Pub
lie Buildings and Sewer Bond
KNOW ALL MEN BY THESE
PRESENTS That the City Of Lake
land IN the County OF Polk in the
state Of Florida acknowledges itsel.
to be indebted and for value receiy-
ed, hereby promises to pay to the
bearer hereof the sum Of One Thou
sand Dollars f$IO0O0o), lawful
money Of the United States Of Amer
lea, on the lst day d March, a. D
1892, together with interest on said
sum from the date hereof at lhsratt
lof five per cent per annum, payable
semi-annually ~ the 1st day 81
March and September 81 each year
iupon presentation and surrender 81
line Interest coupons hereto attached
AZ they gaFally become dne b9ih
niefest aaa Il9 pbIs