Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1921-07-27

February of each year until sara
bonds have been fully paid, according
IN the tenor and effect thereof; that
cold bonds shall be numbered consec-
utivelv from / to 80, both incluslVei
that ten of said bonds numbered from
ia 10, both inclusive, shall become
due and payable ten years alteL S"or,,
that ten of said bonds numpTeu dau11
II to 20, both inclusive, shall become
dna and nayable IS years after date;
that ten of said bonds numbered from
81 to 80, both inclusive, shall become
due and payable 20 years after uate,
that each and every OF sala p Dots
shall be PAYABLE IF IN tine Ime S Ssy treasurer
| of the City of Palatka,, or at the T o.
fee of the agency of the CITY OF la
Iatka, in the City Of New York
Section ,. That said 3 fSa sit S"" of
be signed in tie name ma tbe Oh P S%s Of
| the CITY council of the City OF Ial21e
! <a. and BY the Mayor of the NY %
! palatlLa. and the seal of the Guy %
| Palatka shall be thereto ailXeo i a!lu
| attested nv the city Clerk of the Clty
Council Of the City of Palatka' ana ana
mon being so signed and sealed shall
| he delivered to the depository OF the
| CITY of Palatka for safe keeping.
Section 3. That as soon as pr rmHaI
cable aft the passage C Inr 'p of the
Civ t'''T Council shall advertise said
| h0nds for sale; that said adNertse-
| ment shall be published six times
during a period of thirty days N
daily newspaper publlshea IN t,fT t Gi
| of Palatka: that said period OF time
| for the publication of the advertise,
: ment of the sale of said bonds snail
! rommenr,. ON the date of the first
publication OF said adveruscm"n. ana
| said advertisement shall be published
Of Sail nprip1 of time,
! and thr word during as used herein
| shall be- construed to include tE" hrs'
and last publication. Provided, how
ever. that nothing in this ordinance
shall be- construed to prohibit the CltE
of Palatka from advertising SalH
+, bonds for sale, as often az may be
| desired in any other publication or
publications, which the said CttE
Council may select in addition to the
publications above refer rlt,i E 70, is
hereby authorized and empowered Z"
rpitct any and all bids for said bonds,
and to re-advcrtise the same as o1teh
as thu city Council shall deem neCcs-
sary for the purpose Of secutlng ,a nias
ell Of the City Of Palatka
Section 5. And said City Council is
hereby authorized to sell said bonds
either in whole or in part, to such
biddyr or bidders bidding therefor as
I Will hllllS 10 tllt' WY VI 'lltNN'''' ~
highest price for said bonds.
Section c. That the moneys GerlN,
ed from the sale of said bonds shall
be deposited in the City depository n
FUND separate from all other fun Is
of the city of palatka, and shall be
; paid out only for the purposes men
toned in said Chapter 9O42 of The
Acts of the Legislature of tn" STATE
of Florida, 1921 upon warrants or
, d,rrd by the said City Council.
Nothing in this ordinance shall be
> construed to prohibit the City If "a
= Iatka from Withdrawing the SAT-
funds from deposit with the depo5'
$ tory of the City of Palatka in tn
: event higher rate of interest on IN
daily balance on hand, can be obtain
r ed from any other reliable bank o
banking house in the City of Palatka
and that the same kind of securtt,
: shall be required of the City deposi
, tory or any other bank or banliini
l house having said funds on deposit
for the safe keeping and payment O
r said funds. as IS now required of tn
= city depository for the safe keeping
| Of other funds of the said City.
t Section {. That the said bond
I shall be designated as Heights I'm
, provement Bonds, and the body >
p said bonds shall be substantially /
f the form following: