The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1918-02-28
oen,NANcE NUMBER 2i9

onn,N,NcE PROVIDING FOR THE Is
az STANCE OF BONDS IN THE Sun ~ ,UE
Tu1pTY THOUSAND DOLLARS ~ nm
i Irp' 0I-TsTANDING FLOATING INp nafK
EDNEss OF CITY OF LAkELA a1nIxc rG ron
COUNTY. FLORIDA, AND Pkuo , ~ An
THE CALLING AND HOLDlAG az vnT.
ELECTION FOR THE PukFU S,f,v " SAN
bon Is; AND PROVIDING FOR TRuSTEsETo
FOR THE HANDLING AND DlSBlh @1Ir |
,IENT or FUNDS DERIVED FRoM me
SALE OF SAID BONDS. .
RE 1T ORDAINED by the CITY Commission s. .nido y.
the city Of Lakeland, Polk Comfy, r'S naiisd
Sac That an election is hereby ca'ieS
IN and for the City Of lakeland stae VI
FLORIDA for the purpose OF FOllns ~, tho
against the issue Of munlclpai pohu' ~
City Of Lakeland for the following allouH sor
and nurnoses. Thirty thousand dollAIs ioi
an. any r,rnpSs If taking up and paying of out
standing floating Indebtedness OF the IVY tao
skeland. outstanding and unpaid uhuer ua'J
of Apr 20. 1911 said bonds TO De huilpe.eu
from one TO sixty, inclusive, each for the sun
| If five hundred dollars, payable three siiou,
sand dollars each year for perlou Vi ven
years and to bear interest al lle ta.e "
| six per cenum per annum, payaOe nenl i. az
lIually said bonds TO be signed Dy tiie NAY
and attested by the city clerk OF the lily VI
| Lakeland and have affixed thereon the Guy
seal. and to bear interest coupons lor edch
| and every semi annual nstallment OF INFER
lest
Sec. >, Only resident electors OF lhe Wy
Of Lakeland who are otherwise quallieu ~
lyote in the general election OF inc wy VI
Lakeland. who own real estate wlthln tnI
corporate limits of the City and VINO Shali
have paid taxes thereon Tor Inc year Mnui
same shall have last been due, shall De guam
in Cpi
Sec g. Notice of said election shall DC
lgiyen by the Mayor for thirty days prior 10
lsaid election by publishing same in news
jraper published in the City according TO law
and the Mayor is hereby authorized ana or
Id,red to call said election and to publish no
ltice Of same.
See A. The ballots to be used in said cleo
ton to be drawn so that each voter can vote
flor or againt the bond issue proposed. Polls
win be open from seven o'clock a. IN. until
shutdown of said date.
Sec 3 There shall be elected at said cleo
lton three bond trustees who shall compose
the Board of Bond Trustees, who shall nego
tate the sale of the said bonds according t
the Charter Of the City of Lakeland, and re
. ceive the funds derived from said sale, ant
dshurse the funds derived from the sale o
same. The said bond trustees shall serv
without compensation and shall serve onl,
until the money has been disbursed in tn
payment of outstanding floating Indebtedness
outstanding and unpaid under date Of Apri
90 1917. Each of said bond trustees 50 Sc
lected shall give a bond in an amount to b
fixed and approved by the City Commission
ard PAYABLE to the City of Lakeland cOndi
:, toned for the faithful performance Of thei
} duty.
: Sec. 6. Said election shall he held an
:, the returns thereof certified in the same mar
ner as other elections.
:, Sec. 7. All ordinances, or parts Of ord
u nances, in conflict with the provisions
u this ordinance be. and the same are herel
!" repealed,
= Sec. 8. This ordinance shall take effect in
- mediately upon its passage and approval
y the Mayor Of said City of Lakeland
Y | hereby certify that the foregoing ordinanC
= Number 2l9, was duly passed by the Boa
10 \. of City Commissioners of the City Of LAX
y, land, Polk County Florida on the 18Th d
"a OF February, 1918, at regular session
" (SgnedD II. L. SWATTS. (Seal>
:, -, City Clerk
Is Approved by me this l4th day of Februa
de D. 1918
u, (Signed) T. C. FLANAGAN, Mayor.