The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1918-03-07
ORDINANCE NuMRER 2I4

AN ORDINANCE PROVIDING FOR THE IS
SUANCE OF BONDS IN THE SUM OF
THIRTY THOUSAND DOLLARS TO TAKE
UP OUTSTANDING FLOATING INDEBT-
COUNTY. FLORIDA, AND PROVIDING FOR
THE CALLING AND HOLDING OF AN
ELECTION FOR THE PURPOSE OF vOT-
ING ON QUESTION OF ISSUING SAID
BONDS, AND PROVIDING FOR TRUSTEES
FOR THE HANDLING AND DIsBURSE-
MENT OF FUNDS DERIVED FROM THE
SALE OF SAID BONDS.
BE III ORDAINED by the CITY Commission Of
the City of Lakeland, Polk County, Florida
Sec. |. That an election is hereby called
in and for the City OF Lakeland, State Of
Florida, for the purpose Of voting for or
against the issue Of municipal bonds by the
City Of Lakeland for the following amounts
and purposes: Thirty thousand dollars for
the purpose Of taking up and paying Off out
standing floating Indebtedness Of the City Of
Lakeland, outstanding and unpaid under date
|of April 20, 1917 said bonds TO be numbered
from one to sixty, inclusive, each for the sum
Of five hundred dollars. payable three thou
sand dollars each year for a period Of ten
years and to bear interest at the rate of
six per centum per annum, payable semi an :
hually; said bonds to be signed by the mayor
and attested by the city clerk Of the City Of
Lakeland, and have affixed thereon the city
SEAL and to bear interest coupons for each
and every semi-annual installment Of inter-
lest
Sec. 2. Only resident electors, of the City
CT Lakeland, who are otherwise qualified to
vote in the general election of the City Of
Lakeland, who own real estate within tho
corporate limits of the City and who shall
have paid taxes thereon for the year when
same shall have last been due shall be quail
Ified and entitled to vote in said election.
See. g. Notice Of Said election shall be
given by the Mayor for thirty days prior to
said election by publishing same in news
Paper published In the City according to law
and the Mayor Is hereby authorized and or
dcred to call said election and to publish no.
tce Of same
See. 4. The ballots to be used in said cleo
t0n to be drawn so that each voter can vote
for or againt the bond issue proposed Polls
will be open from seven o'clock a. IN. until
shutdown Of said date
Sec. 8 There shall be elected at said cleo
tlon three bond trustees who shall compose
the Board of Bond Trustees who shall nego-
tate the sale Of the said bonds according to
the Charter Of the City Of Lakeland and re-
ceiye the funds derived from said sale, and
dishurse the funds derived from the sale Of
same. The said bond trustees shall serve
without compensation and shall serve only
until the money has been dsbursed in the
payment of outstanding floating Indebtedness,
outstanding and unpaid under date of April
100, 1917 Each Of said bond trustees 50 Sc
leeted shall give bond in an amount to be
fixed and approved by the City Commission,
ard PAYABLE to the City Of Lakeland cOndl-
TONED for the faithful performance Of their
duty
Sec G. Said election shall be held and
the returns thereof certified in the same man
ner as other elections
Sec. Z. All ordinances, or parts OF ord
nances, in conflict with the provisions Of
this ordinance be, and the same are hereby
repealed
Sec. g. This ordinance shall take effect i'm
mediately upon its passage and approval by
The Mayor Of said City OF Lakeland
hereby certify that the foregoing ordinance.
Number 2l9, was duly passed by the Board
Iof City Commissioners Of the City Of Lake
land. Polk County. Florida. on the 18Th day
OF February, 1913, at regular session.
(Sgned) H. L. SWATTS (SeaI)
City Clerk
Approved by me this 14th day Of February,
A D. 1918
tSigned) E, c. FLANAGAN. Mayor.