The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1912-01-26
ORDINANCE No. 1888.

crue Thereon, and Provide a Sink
ing Fund to Pay the Principal
When Due
BE 1T 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-
j pose and duly holden on the both
day Of December, A. D. 1911, did
duly authorize the issuing Of bonds
CT the said city, for the several sums
and for the purposes following, viz:
Seventy-fve thousand dollars ($75,-
fOO0.OO) for the purpose OF putting
in, constructing and operating sys-
tenn of sewerage in said city; Sixty
Thousand Dollars ($6O, 100000 for
the purpose Of paving streets and
sidewalks therein; and fifteen thou
sand dollars ($15,OOO.OO) for the
purpose Of erecting public buildings,
including fire station and Jail, and
enlarging City Hall for the use o.
the City of Lakeland, and
WHEREAS, The form of said bonds
and the interest coupons to be there
to attached, the date the same shall
bear, the time when, and the place
or places where the same shall be
made payable, the rate of interes.
the same shall bear and when and
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 a tax suffi-
cient to meet the interest thereon as
the same shall become due and pay
able, and to provide a sinking fund
for the payment of the principal Of
said bonds at maturity;
NOW. THEREFORE, BE IT OR
DAINED by the city Council Of the
City of Lakeland
SECTION L That One Hundred
land Fifty Thousand Dollars $780,
ee9eee 90} negotiable bonds to be num-
bered from to $50 consecutively,
both inclusive. Of the city of Lake
land, in the State o. Florida, be is
sued, bearing date the LIST day Of
March, A. d. 1912, each Of the de-
nomination of One Thousand Dollars
$1,OO0.OO), 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 the 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. 6 per cent? per annum, pay
able semi-annually on the list day of
March and September in each year,
upon presentation and surrender Of
the interest coupons to be attached
to said bonds; such principal and
Interest shall be payable at the Office
Of The National Park Bank in 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 ard Sewer Bond
i 6 KNOW ALL MEN BY THESE
PRESENTS. That the city CT Lake.
land in the County Of Polk In the
State Of Florida. acknowledges itsel
to be indebted, and for value receiv.
ed, hereby promises to pay to th,
bearer hereof the sum Of One Thou
sand Dollars (sl,QOO.OO), Lawful
money Of the United States of Amer
lea, on the LIST day OF March, A. D
1912. together with interest on sal,
sum from the date hereof, at the rat,
OF FIVE per cent per annum, payable
semi-annually on the list day o
March and September in each year
t upon presentation and surrender o
) the interest coupons hereto attaches
} as they severally become due, boil
interest and principal being payable
at the Office o. The National Parl
Bank, in the City Of New York, Stat
Of New York, principal and interes
payable in gold coin Of the Unite'
States Of the current standard weigh
+ and fneness.
! This bond is one Of series Of Isl
bonds, each Of the denomination 0
One Thousand Dollars C$1,OOO.OO)
amounting to total Of one hundrer
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