Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1921-12-14


deposited in the City depository in q
fund separate from all other FUNDS OF
the City of Palatka. and shall be paid /
out only for the purposes mentiohatsa
in said Chapter 9042 of the Acts or the
Legislature of the State of FLORIDA,
1921, upon warrants oroereo NY '"e
said Cirg Council.
Nothing in this Ordinance shall be
construed to prohibit the city or "a
iatka from withdrawing the SAID tunoS
from deposit with the depository OF
the City of Palatka, in the event mgh-
or rate of interest on the daily balance
on hand, can be obtained from any
other reliable bank or banking mouse
in the City of Palatka; and that the
same kind of security shall be requlr-
er bank or banking house having sald
funds on deposit, for the safe Keeping
and payment of said funds, as is now
required of the City depository for the
safe keeping of other FUNDS oil the salu
Section 7. That the said bonds shall
he designated as Heights Improve,
ment Bonds" and the said bonds shall
be substantially in the form followlng'
UNITED STATES OF AMERICA
STATE OF FLORIDA
CITY OF PALATKA
HEIGHTS IMPROVEMENT BOND
No Know ALL MEN BY THESE PRE-
SCENTS, That the City of Palatka IN
the State of Florida Municipal Cor
poration under the laws of the State
Of Florida, for value received, ack-
| nOWledges itself to owe, and promises
| to pay to the bearer hereof, at the o.
| fice Of it's City Treasurer. in the city
| Of Palatka, or at the office of lmpDT-
| ters & Traders National Bank, N the
| City of New York, State OF New YORK,
one Thousand Dollars -------1 Years
after date, with interest thereGr,
! from date hereof until paid, at the
rate of six per cent per annum payable
semi-annually. on the ist day of 'uhe'
and the 1st day of December OF ea'h
and every year, until the principal
sum hereof shall have been 1ully palo.
upCn presentation and Surrthl"r OF
the interest, coupons hereto att MA u, 4
nayablt Both principal and interest
herein mentioned shall be payable IN
gold coin of the United states o. Am
erica of current standard, weight ana
ment OF the principal and interest OF
this bend as the same resoe 1tvely
become due, all of the taxable real
AMI personal property S!tnatSa ~
thu territorial limits Of the City OF
Palatka as defined at the sine nt ne
Issuance of this bond, and all property
belonging to the said City, "r Wt1cf
MAJ fCr, after be acquired by sald ivy
shall be and the same is ne ':pY pleu
Cd fer tie payment of TINS 9Ln:h' " Viii
on, plCirdice, however, 10 the 'lEEts
of any CT the holders of ne bonds o.
the City of Palatka heretofore issued
THIS bond is one of series OF "
bonds of like date, amount and tel!or
issued by the City of Pal1tka for the
pr1pose of street paving Improve
ments and extension Of %ltar mans
) for fire protection, commercial ana 40
nestle uses in the TERRITORY annexed u
sail city by the Legislature 81 m
State of Florida at it's session in th'
year 1921, under and pursuant 10 N
bower and authority granted to SAT-
City by Chapter 9O42 of the laws o
thu state of Florida for l92l' eEtt!e'
Require the City of Palatka, IN Il, IN
County of Putnam, and State of flor
+ ida, to issue bonds in the sum o
$50 100000, to be used exclusively Il
street paving improvements anu pr
: viding for the betterment assessment
, of said street paving improvement ~
! and in extending water mains for hf
/. protection, commercial and domestl
a uses In the territory annexed 70 IN
City of Palatka, by, Act OF me ne, he eern
q pUance with an Ordinance or sal
!, City, duly passed pursuant to the pre-
Ii visions of said Act. ;au,
e If is hereby certified that IN lssG
N ing this DOnd ana lne IelHalhhi -
Ii of this issue, all requirements OF III
Constitution and Laws of the state
Florida have been strictly comple
with, and provision has been mac
: as required by law for the levy an
collection annually of a tax upon II
entire taxable property in the Guy
Ie Palatka sufficient to pay the lnLere;
N due on said bonds each year anu
y create a sinking fund sufficient TO pa pa
re the principal of said bonds as I,
|; same shall become due and payapl
ID main Outstanding and unpaid. 90.
ia IN WITNESS WHEREOF, the ~
iis5 of Palatla, Florida, has caused dl "a IN
10 bond to be signed by its Mayor, ana
ST fine President of it's City Council az
Re attcsted by the Clerk of sald "a
It, Council, and it's corporate, seal to
re affixed hereto. and this bond 70
ia dated the 1st day of December 1911
$ Mayor City of Palatka' Florl
- President of the city Council of t
\ y, City of Palatka Florida.
Il ATTEST:
s. clerk of the City Council OF the u
l