The Punta Gorda herald. [volume] (Punta Gorda, Fla.) 1893-1958, 1916-10-19

prescribed herein, the Council of the
Town of Punta Gorda may Immediately
make an assessment for Municipal I'M
provements of sidewalks upon all and
singular the lots, parcels or pieces OF
land fronting or AUDITING on the North
side of Marian avenue mentioned in
Section / of this ordinance, the owner
or owners of which had failed to comply
herewith and may call for bids for the
construction of said sidewalks and let
the contract to the lowest responsible
contractor or bidder, and shall issue
certificates of Indebtedness for the
amount so assessed against the abutting
property or properties benefited, separ-
ate certificates to be issued against each
lot, parcel or piece OF land assessed IN
the manner and under the provision OF
Chapter 1894 OF the General AcIs OF me
Legislature of the State of Florida for the
year 1915, and said certificate when is
sued may be sold or disposed OF by the
Council in payment for said WORK or I'M
provement or for cash at the discretion
of the Council, and all certificates of in
debtedness constituting lien upon prop
erty shall be payable at the office of the
Town Treasury, and said Councli may at
its option deposit said certificates OF IN
debtedness with the Town Treasurer and
create an Improvement Fund and may
Immediately issue and sell bonds to be
designated Improvement Bonds, as pro-
vided for in Chapter 1854 Laws OF Florl-
da; provided however, that the amount
sued shall not be in excess OF the agsre-
gate amount OF the certificates OF IN
debtedness, and said certificates OF IN
debte dness shall be payable IN ten years
after date in equal installments with in
terest at the rate of s per cent, and the
proceeds of said certificates or liens
when paid shall be applied exclusively
to the payment and retirement OF SAID
certificates or BONDS II same snal De is
sued thereon, when the same shall ma
ture, and the amount of such assessment
or of each separate certificate of indebt-
edness shall be lien upon the lots,
pieces or parcels OF land fronting or
abutting on the streets and avenues
mentioned in Section l hereof, which lien
shall not be discharged until fully paid
with interest thereon by the owner OF
said lot piece or parcel of land, and in
case payment is not made at maturity
law or in equity, and If so enforced a
attorney fee may be allowed.
Provided, all owners of property at
fected by this ordinance shall have the
right to pay in full for said improvement
at any time, and when said payment is
made all evidence of Indebtedness
against their property shall be Cancelled.
Should bonds be issued on said GER
tifcates they shall not bear greater
rate of interest than six per cent. to be
paid annually, in equal installments run
ming through period of ten years.
Sec. 6. All ordinances or parts OF or
finances in conflict herewith are hereby
'epealed and this ordinance shall take
effect upon it's passage and approval by
he mayor and legal publication.
Ordered and enacted into law BY the
Council of the Town of Punta Gorda,
Florida, on this the 18th day of Septem-
Der, 1916 S.F.JTRABUE,
Attest President Of Town
L. e. ROBINSON, Council |
Town Clerk. t-oct-2O |
Approved on this the 18th day of Sep
ember, 1916.
e w SMITH MayCr.