Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1921-12-07

To Provide for the Issuance and Sale
of Bonds of the City of Palatka, in
Chapter 9O42 of the Laws of the
State of Florida, Acts of 1921;
and to Provide for the Form,
Number and Denomination, and
the Date or Dates When Said
Bonds Shall Mature and Become
Due; and the Rate of Interest said
Bonds Shall Bear; and the Interest
Paying Dates; and to Require the
Lew of Taxes to Pay the Interest
and Create Sinking Fund for the
PAYMENT of the Principal OF Said
Bonds; and to Provide for the De
posit and Safe Keeping and Dis
Bursement of the Moneys and Funds
Derived from the Sale Thereof;
RE IT ORDAINED BY THE NAY
OR AND CITY COUNCIL OF 'THE
CITY OF PALATKA; IT,, :, t.,
Section /. That there shall be IS
sued by the City OF PalaIk "a t an -,
bonds each in the sum of $lOOO.OO' IN
ali aggreEating $SO,OOO.OO, bearing in
terest at the rate of per cehtum
ner annum, payable semi annually al
ter date; that said bonds shall pear
date December l, 1921; that the nrst
semI-annual installment '9l 40 l5ei ond
shall be payable on June l, 1879, ana
semi annually thereafter on the ISL
dav of December and the LIST day OF
June of each year until Sald ponus
have been fully paid, according 10 tHs
tenor and effect thereof: that sa,u
bonds shall be numnereu Gollse that ION
from ! to &c. both inclusive, that zen
of said bonds, numbered from l 10 ~
Inclusive. shall become due ana paya-
| BILE ten years after date, that zen o. %
said bonds numbered from IL 10 ~;
10th inclusive. shall become due ana
navable 20 years after date; tnat tSii
| ~ said bonds numbered from = 10 81
| hoth inclusive, shall become due ana
| noS.shle 20 wears after datc: mat tacH
| and every of said bonds SHall pc pay
| HE in the City of Palatka At tne III a.
flee of the City Treasure OF w Ty,S Sn!
ters g. Traders National Bank, in the
| CITY of New York. .,,,l, "a
Section .. That said bonds SNAIL DC
signed in the name of the Guy ot H. Il,
Iatka. Florida, by the President OF ~. Ine
Citv Council of the City OF PalatNa'
~ hv The Mayor of the City of "a
Iati,a and the seal Of the city OF ~
! iotIr1 shall be thereto affixed ana ~ =
teeted nv the city Clerk of the Guy
Sonncil Of he City of Palatka, ana up
ON being so signed and seaied' Silal "a ~ :
delivered to the depository OF l"e I'''
lof PaIatka for safe keeping. oo+ioo.
! caCtion 3. That as soon as practlca
| h1e after the passage and approval ~
This ordinance, the Clerk OF tnG ~ f5yy
Council shall advertise sI'd D"huSI, ne he
sale; that said advertisements s is3l NJ
/ T,IbiiSbpd six times during n pcrlou "
tbiTty DAYS in daily newspaper PuDt--
iiahaS in The city of Palatka; that Stlo
Nod Of time for the puOlicatlon ~
thn advertisement of the sale o. 90" ~
bonds shall commence on Ihe u I.t a.
the first publication OF SUD "u LII h,
Want and said adrertisement s!'%lL ~
,,biiehed on the last day or sall -
"a az lime. and the word 'duIlnS "a
Ssad herein, shall he construct. - ~
Cinde the first and last pu3 }.i-,t1 IL
| Provided however, that Hutt5l +,
, this ordinance shau pG 80 from nd.
nrobibit the City of Ialatht ~ oi,, nf.
p5artie{nr said bonds for SAFE, as t Tr
49, as may he desired, in any o'nI
rnb1iratinn or publications. Wiil't 5 Lii,
lid CITY Council may select III III e"rr"f
ION to the publication ABOVE
TO-; soction f. And said City Council S5 II !,
authorized and empuWeLtu ~
T,;ert any and all bids lor S'Iu OfteI
Ia To readvertse the same 1S Los
, o. the CITY Council shall dtenn deem, ,' Ma,
"S for the purpose of seCurinE INV
tL,rafor. acceptable 10 the O'N'
eli of the City of Paiatha. corrcil i
Icn+inn r And said CITY COuILItI ;,
, 49, authorized to sell SAID bo IA
af.har in whole or in part 70 &c vii
d az or bidders bidding tht .I,,. tbe birh
= briug to the City OF Paia'N@ '''N
, ct nrice for said bonds. ,.s derived
esS pption THAT the moneys IeImi
/ 80 he sale of said bondS sila' l.,
n run ma ia in The city depository l." n
MA separate from all HthtI ba nal
: the city of Palatka' ana I,s S'' Trnenti6ne,
out OLE Sbantar g0i2 Of the Acts OF "a, a.
q IN saiu +I,r" nf the State or iol nc ~,
!, i1G, 'S' mon warrants ordered py :"
4 said city Council. ordinance shall b
u E,rbing in this Orai l"' Si+,; Of Pa
u construed TO pr9hlplt The said fund
iaLn' donosit with the depositto iph
a 5,it,. Of Palatka. in the tS S', LtoIanc
6 th' - interest on the dallE pH W N
md can be ohtalneu TIC, nous
otb,, reliable bank or %" md that tn
in u' ny security shall be requtiLr
g SAM he CITY depository OF az az sal
q eu '' nr banking house ht' i ,h.eSanin
a eI an deposit, for the 50 &c is no,
Iu,1' ,ravment of said tunofS.. o az FOR tn
ranutred of the CITY S,iUds of the sal
safe keeping Of othe'
city. ,o, That the said BOMBS ,,,1r Sm1
Sectlom as Heights IMP Ilp sbo
d be Sands" and the SAID OS SoIlTTiSwins
l. men srnbIstantially in the form ICr'
= United STATES or, AT,,-''i
= STATE OF FLo0RIpA
= HEIGHTS lMi nv Sl.J0
N No; .,;ov Ill MEN BY THESE TE5s;9,, PRf
n KNOW ~ - the city Of Palat,N&S 60
f6 es SsoSs a IN the laws Ss thl
A. OF ISt,ss itself to ow'' anu tp.nr o
: nowledEes ~ bearer hereof; AT -n' 81,
X to pay t ,ts Citv Treasurer, N INN,
IF nee OF ~ ar at the uLl'Le ~ IA n
IN OF e traders Nauohal - Nsw YOr
"a t eity Of New york 6s,i sta'e Of Nv Yea
ore Tn Ssss' with RS'i interest 'A'F''