The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1922-02-06
Legal Notices
ORDINANCE NO. sos

MISSION OF THE CITY OF LAKELAND,
FOLK COUNTY, FLORIDA TO BORROW
THE SUM OF ONE HUNDRED THOUSAND
$500 000.0 0l DOLLARS FOR GENERAL PUR-
POSES, AS HEREIN SET FORTH, AND To
BOND FOR THE SUM OF ONE HUNDRED
THOUSAND ty100. oO0O0l DOLLARS. FOR
THE PURPOSE or SECURING SAID LOAN
AND PROVIDE FOR THE ELECTION TO Au-
THORPE THE ISSUANCE OF. SAID BONDS.
BE 1T ORDAINED BY THE CITY COM
MISSION OF THE CITY OF LAKELAND,
POLK COUNTY, FLORIDA:
Section l. That the Mayor or Commissioner
nc Large and City Commission Of the City Of
Lakeland, Polk County, Florida. be and they
are hereby authorized to borrow for the use
OF the City Of Lakeland for general purposes
flor the purpose Of paying expenses Of the
general municipal governmentl, One Hundred
Thousand Dollars ($l00.O00.00) payable Ten
Thousand ($l0,00000) collars FEBRUARY l. 1882,
year thereafter until the entire principal
amount Of One Hundred Thousand $780,
O000l dollars has been paid said bonds to
bear interest at the rate OF per cent per
annum, payable semi annually, both principal
and interest to be paid in gold coin Of the
United States, Of current weight and fineness.
Section 2. That to secure the payment of the
loan provided for in Section OF this ordi-
nance there shall be issued bonds Of the City
of Lakeland, Polk County, Florida, Of the de-
nomination Of Five Hundred ($j00.00) Dol
of the City Treasurer Of the City Of Lakeland,
Polk County, Florida, except said bonds may
be payable at the Hanover National Bank.
New York, n. Y, or any other bank in New
York, n. Y, at the option Of the purchaser.
Said bonds shall be numbered from One ~
TO Two Hundred (200) inclusive, and shall
be dated February list, 1922, and shall ma
~ Bonds Nos. to 20, both Inclusive, February
LIST. 1882.
Bonds Nos. 81 to 40, both inclusive, Feb
ruary list, 1888.
Bones Nos. Al to 60, both inclusive, Feb
iuary LIST, 1884
Bonds Nos 81 to so, both Inclusive, Feb
ruary 1st 1885.
Bonds Nos 81 to 100, both inclusive, Feb
ruary LIST. 1885,
Bonds Nos 1O1 to 12O, both Inclusive, Feb
ruary LIST, 1887.
Bonds Nos. 121 to 40, both inclusive, Feb
ruary LIST, 1888.
Bonds Nos. 14l to 100, both inclusive, Fob
rIafy LIST, 1889.
Bonds Nos. l61 to 1870, both inclusive, Feb
ruary list, 1910.
Bonds Nos. ISL to',2OO, both inclusive, Feb
ruafy 1st 1941.
Each OF said bonds shall have attached
thereto interest coupons of such number and
amount shall pay the interest on the prin
cipal amounts mentioned In said bonds semi
annually anG ut the rate Of SIX t6 per certl
per annum until the principal shall fall
due and said interest coupons when due.
shall be receivable by the City Of Lakeai d.
mands OF whatsoever description and shall
have the same conditions as 10 place Of pay
ment thereof as provided 'or in the ponds.
Section s. That said bonds and likewise
said interest coupons shall he signed by the
Mayor and attested by the City Clerk Of the
City Of Lakeland, Polk County, Florida, and
The corporate seal Of said city shall be af-
fixed to said bonds; except the interest cou-
pons may be signed by engraved or lItho-
graphed fac smile signatures Of said Mayor
and City. Clerk and said engraved or llihd-
ernphed fac simile signatures shall have the
hu oai1 nd caid
Section 4. A special election is hereby or
dered and the Mayor and Commissioner at
Large Of the City Of Lakeland. Polk County.
Florida, or the Acting Mayor In his absence.
voters Of the City Of Lakeland, Polk County,
Florida. who are freeholdoTs within the cor
porate Limits Of the said City Of Lakeland,
Polk County, florida. and otherwise qualified,
20 be held on the OH cay Of February, A. D.
1922, at the regular polling place of the said
city Of Lakeland. to-wit: At the City Hall; at
which election the question OF the issuance ul
said b9nds shall Re,ssYbpitted to said quail
fed electors who are freeholders for the APP
proval or rejection OF same. Said election
shall be held AMI conducted in the manner
provided by the laws of the State Of Florida
and ordinances OF the City Of Lakeland. Polk
County, Florida.
Section 5. special election Is hereby
ordered, AMI the Mayor or the Commissioner al
Large Of The City OF Lakeland, Polk County,
Florida, or the Acting Mayor in his absence.
shall call n special election of the qualified
voters Of the City Of Lakeland. Polk County,
Florida. to be held on the OH day Of Feb.
ruary, 1922, at the regular polling place Of
the said City OF Lakeland, to-wit: At the
City Hall at which election tile question of
die issuance Of said bonds shall be submitted
TO said qualified electors for the approval or
held and conducted in the manner provided by
the laws of the State of Florida and ordinances
of the City Of Lakeland, Polk County. Florida
Section G. Tile inspectors and clerk OF said
elections shall be appointed by the Mayor and
qualified for said elections as In cases Of gen.
eral elections of said town; and they shall
canvass the votes cast, making return OF same
TO the City Commission within Eve Gays after
sad election.
Section l. The ballot used in said election
shall be a piece OF plain white paper and
Official Ballot Special Election. City Of
Lakeland. Polk County, Florida. February 9th,
1922, and shall have this ordinance, No. 300,
printed thereon. and the words, Mark an X
addition thereto the following wording:
For bonding in the SUN Of 500 on0 90 as
set forth in the foregoing ordinance No. BOG.
for general purposes, and for ratification OF
Ordinance No. 306.'
Against bonding in the sum Of $780,
10000, as set forth in the foregoing orji-
nance. No. 306. for general purposes. and
against ratification of Ordinance No 9O6'."
The electors voting in said election shall
mark al on the left or In front of the pro-
position Of his or her choice and II both
majority OF the freeholders Otherwise qualified
and a majority OF the qualified electors shall
be for bonding. this ordinance shall be in full
force and effect and said loan negotiated and
said bonds shall issue as provided in the
preceding sections of this ordinance and
should said election fall to carry in favor Of
the issuance Of saiG bonds then said bonds
shall not issue.
Section 8. Said bonds shall be entitled to
all exemptions from taxation as allowed by
the Federal, State or Municipal laws on any
tax free municipal security
Section o. This ordinance shall take ef-
feet as herein provided.
Passed ut adjourned session Of the City
Commission Of the City OF Lakeland, Polk
County, Florida, on he 10th day Of January
A. D. 1922.
Approved January 16ih 1929.
H. c. PETTEwAY.
Mayor and Commissioner at Large.
Attest
II. L. SwATTS (SsaD
City Clerk.