The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1914-06-16
TO pay to bearer, upon the first day
OF May 1884, the sum OF
ONE THOUSAND DOLLARS

&
OF America, with interest thereon at
. the rate OF five (5) per cent. per an
mum, payable annually upon the first
day Of July OF each year. until the
payment Of the principal hereof up
on presentation and surrender OF the
proper coupons therefor hereto ar
taehed. Both principal and interest
hereof are payable al Mechanics and
Metals National Bank, New York
City, New York.
This bond is one OF a series OF
seyenty-fve OF like denomination,
tenor and effect, numbered consecu-
lively from one TO seVenty-fve,
both inclusive, aggregating seventy
Ave thousand (s75,000) dollars in
amount, and is issued under author
iry Of the general laws Of Florida,
particularly chapter GAP OF the gen.
eral laws Of Florida, for the year
1913, and by virtue of a resolution
duly passed by the Board of Public
Instruction of Marion county, Flori-
da, to create funds for the building,
equipping, repairing and furnishing
school houses in the Ocala Special
Tax School District No. l. Marion
County, Florida, and for the pay
ment Of Indebtedness of said district
existing at the time of the issuance
of said bonds, which indebtedness
was incurred for the exclusive use
Of the public free schools therein.
The question Of issuing these bonds
was duly submitted to the qualified
voters of said school district, at an
election duly called and held, at
which election more than a majority
of the qualified voters voted in favor
Of the issuance thereof
1t is hereby certified and recited
that all acts, conditions and things
required by law TO be done, prece-
dent to and in the issuance hereof,
in order to make this bond a legal,
valid and binding obligation of the
Ocala special tax school district No.
1, Marion county, Fla, have been
done, have happened and been per-
formed in regular and due form;
that this issue of bonds,' together
with all other outstanding Indebted
ness of said special tax school dis
trict, is not in excess of any stat
utory or constitutional limitation of
Indebtedness or taxation that pro-
vision has been made for the levy
and collection of an annual tax, suf-
ficient to pay the interest hereof,
and to create a sinking fund to re-
deem the principal at maturity; that
the full faith, credit and revenues.
are hereby irrevocably pledged for
the prompt payment of this bond ami
interest as the same may mature.
In witness whereof, the board of
public instruction of Marion county,
Fla, has caused this bond to be
signed by the chairman of the board,
countersigned by the secretary there
of, the seal of said board to be af-
fixed, and the coupons to bear the
fac-simile signatures of said officers
this the first day of May, 1914.
(Seal) Chairman of the
Board of Public Instruction Of Ma
rion county, Fla. IS Secretary.
Coupon. No. $50. Upon the
first day of July, 10 the Ocala
special tax school district No. 1, Ma
rion county, Fla, will pay to bearer
at Mechanics & Metals National
Bank, New York City, N Y, the
sum of fifty dollars, being twelve
months interest then due on its
school building and equipment bond,
numbered -, dated May /, 1914.
Chairman of board of pub
lie instruction of Marion county, Fla
> Secretary.
Be it further Resolved that for
the purpose of providing funds to
pay the interest on the aforesaid
bonds, and to create and maintain a
sinking nd sufficient to discharge
the principal of said bonds at matur-
ity, there shall be levied annually by
the County Commissioners of Marion
county upon all the real and person
al property, railroads, telegraph and
telephone lines, owned and situated
within said special tax school dis
trict, in addition to all other taxes,
tax not to exceed five mills on the
dollar in any one year, which tax
shall be sufficient to produce in each
and every year, until said bonds ma
ture, the net sum of $4,000 per
annum for the purpose of creating a
sinking fund to pay the principal of
said bonds as the same mature.
Said special tax district tax shall
be ordered assessed, equalized and
collected upon the taxable property
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