The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1915-01-04
SPECIAL MEETING BOARD
PUBLIC INSTRUCTION

Board Of Public instruction Of the +
county of Marion IN the state of
Florida, on the 18th day of December /
A. D., 1914, the following members
were present: w. D. earn, chairman,
B. r. Bitch, member absent, J. S.
Grantham.
At which meeting the following
proceeds were had relating to the IS.
suance of funding warrants:
Mr. B. r. Bitch proposed the adop-
ton of the following resolutions
was seconded by Mr.. earn and the
motion being then and there
put to a vote of the "ayes'' and
'nayes" and the roll being called,
said resolutions were unanimously
adopted by the vote of all the mem
bers present voting aye" The res
olutions are in words and figures
as follows, to wit:
Resolution providing for the issu-
ance of Fifteen Thousand Dollars
funding school warrants of the coun-
ty of Marion, state of Florida, Board
of Public instruction.
Whereas, there are now outstand-
ing and unpaid the valid school war
rants drawn upon the treasurer of
Marion county by the Board of Pub
lie Instruction aggregating the prin-
cipal sum of Fifteen Thousand Dol
lars (S15, 0OO1 and with interest now
due thereon amounts to a sum In
excess of Fifteen Thousand Dollars
ISIS, OO0.OO) and
Whereas, there are now no avail
able funds in the school fund in the
treasury of the county to pay the
same or any port thereof, and it is
desirable to make provision therefor:
1t is therefore now resolved and
ordered by the Board of Public In
struction of the county of Marion,
state of Florida, that there be and
there are hereby ordered issued the
obligations of the Board of Public
instruction of said county, to be evil
denced by fifteen (15) principal war
rants drawn upon the treasurer of
said county, in the aggregate amount
of Fifteen Thousand Dollars ($15,-
000) pursuant to authority given by
law to boards of public instruction,
ter $500 of the Acts of the LegislaJ
ture of Florida at its session in
1905, entitled, "An Act authorizing
the county boards of public instruc-
ton to borrow money for the pay
ment of school warrants when there
are no funds in the treasury for
such purposes and to pay interest on
such. loans not to exceed eight per
centum (896) per annum," approved
June, 1905; which warrants when is
sued shall be fifteen (15) in number,
numbered from one to fifteen Il to
/ 49, of the denomination of one
thousand dollars ($1,OOO) each, be-
sides semi-annual interest warrants
to be attached. Said warrants shall
| be each dated January End, A. d.
1916 and shall become payable at the
4
city of Ocala, Florida, or at the op
ton of. the respective holders, at tn,
| banking house of the Continental
and Commercial Trust and saving
Bank, Chicago, Illinois, which princi
pal warrants shall become due S1,00l
January, 1917; $1,000 January
1918; $1,000 January 1, 1919; $1O0
January 1, 1920; $1,000 January
1921; $1,000 January /, 1922; 500
January /, 1928; $1,000 January
1924; $1,000 January /, 1925; 500
January 1, 1926; $1,000 January
1927; $1,000 January 1, 1928; 800
January. 1, 1929; $1,000 January
$780, $1,000 January /, 1881.
i Said principal warrants shall eac
bear interest at the rate of six pc
cent. (6ao) per annum, payable sem
annually on the first day of Janua1
and of July in each year, from the
date of issuance until the princip
thereof shall be paid, which intere
payments shall be represented by Sc
dIdtS anu al VI SclA0 Pr
cipal and interest warrants shall
payable upon presentation and su
render of the same in the order
which they become due and payabl
Said principal and interest warran
shall become payable by the coun
treasurer upon their presentati
and surrender to him as they I
spectively fall due, and with nece
sary variations to indicate their I
spective maturities, numbers, ct
shall be in substantially the wor
and figures attached to the folio
ing certificate, to-wit:
United States of America
State of Florida
County of Marion
Funding School Warrant Certifics
No. $40
Know all men sby these presen