The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1922-01-20
Legal Notices
ORDINANCE NO. BOG


AN ORDINANCE TO PROVIDE FOR AND
AUTHORIZE THE MAYOR AND CITY COM
MISSION OF THE CITY OF LAKELAND.
POLK COUNTY. FLORIDA. TO BORROW
$500 OOOOl DOLLARS FOR GENERAL Pt'R-
POSES. AS HEREIN SET FORTH AND To
BOND FOR THE sun OF ONE HUNDRED
THOUSAND tsl00.OOOOOl DOLLARS. FOR
THE PURPOSE OF SECURING SAID LOAN
AND PROVIDE FOR THE ELECTION TO Az
THORPE THE ISSUANCE OF SAID BONDS.
BE TT ORDAINED BY THE CITY COM
MISSION or THE CITY OF LAKELAND,
POLK COUNTY. FLORIDA:
Section l. That the Mayor or Commissioner
~ 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 government One Hundred
Thousand Dollars tSl00. 000.O0l payable Ten
Thousand $50 .00) collars FEBRUARY l. 1892.
and Ten Thousand (SlO.O00.0O) dollars each
year thereafter until the entire principal
amount of One Hundred Thousand $780,
100000 dollars has been paid. said bonds TO
/ bear interest at the rate Of per cent per
annum. payable sem-annually, both principal
and interest to be paid in gold coin Of the
! United States. of current weight and finenesS
Section . That to secure the payment Of the
/ loan provided for in Section ! Of this ordi-
nance there shall be lssueC bonds Of the City
| Of Lakeland. Polk County. Florida Of the de-
nomination Of Five Hundred ts500O0l Dol
| lars. said bonds to be payable at the office
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 y. Y, or any other bank in New
| York. " Y. at the option Of the purchaser
Said bonds shall he numbered from One ~
/ to Two Hundred t20O) inclusive. and shall
be dated February LIST, 1922, and shall ma
ture as follows:
Bonds Nos. to 90 both inclusive. February
/ LIST 1882
Bonds Nos. 81 to 40, both inclusive Feb
ruary LIST. 1888.
Bones Nos Al to GO. both inclusive. Feb
| Iuary lst, 1884.
Bonds Nos. 81 to so. both inclusive Feb
/ ruary LIST, 1885.
Bonds Nos. 81 to 100. both inclusive, Feb
ruary 1st. 1886.
/ Bonds Nos. 1Ol TO 100, both inclusive, Feb
ruary LIST. 1887.
Bonds Nos III to liO both inclusive, Feb
ruary LIST 1888.
Bonds Nos l4l to 100, both inclusive. Feb
ruary LIST. 1899
Bonds Nos. lGl to $50. both inclusive. Feb
| ruary LIST. 1910.
Bonds Nos 1871 to 200 both inclusive, Feb
ruary LIST. 1871.
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 ant at the rate Of six &c per cent?
per annum until the principal shall fall
due and said interest coupons. when due
shall he receivable by the city of Lakeland.
Polk County. Florida. for all taxes and de
mandS Of whatsoever description and shall
have the same cOndit ions rs to place Of pay
ment thereof provided for in the bonds.
Section 3. 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-
Uons may be signed by engraved or litho-
graphed fac smile signatures Of said Mayor
and city Clerk and said engraved or lttho-
graphed fac smile signatures shall have the
same force effect if actually signed
by said Mayor and said Clerk.
Section L. A special election is hereby or
dercd and the Mayor and Commissioner at
Large of the City of Lakeland Polk County,
Florida or the Acting Mayor in his absence.
shall call Il special election Of the qualified
voters Of the City Of Lakeland Polk County,
Florida who are freeh0lders within the cor
porate limits of the said City Of Lakeland.
Polk County, Florida. and otherwise qualified,
to be held ON the 9Th cay of February, a. ID.
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 On
said bonds shall be submitted TO said quah-
fled electors who are treehOderS for the APP
prevail or rejection of same. Said election
shall be held AM 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. AM the Mayor the Commissioner at
Large Of the City of Lakeland, Polk County, |
shall call special election of the qualified |
voters Of the City of Lakeland Polk County. |
Florida. to be held on the 9th 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 the question OF
rhe issuance of said bonds shall be submitted
to said qualified electors for the approval or
rejection of same. Said election shall be
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. The inspectors and clerk OF said
elections shall be appointed by the Mayor and
qualified for said elections as in cases OF gem
eIal elections of said town; and they shall
canvass the votes cast. making return OF same
to the City Commission within five Gays after
said election.
Section T. The ballot used in said election
shall be piece of plain white paper and
shall be in substantially the following form
Lakeland, Polk County. Florida February 9Th,
1922. and shall have this ordinance, No. JOG.
printed thereon. and the words, Mark IN \
before the measure of your choice ana III
addition thereto the following wording
" For bonding in the sum OF SlOO,p0O.Oo as
set forth in the foregoing ordinance, No. 3O6.
for general purposes, and for ratification OF
Ordinance No. $685.
0CO.OO, as set forth in the foregoing ordi,
nance, No. 3O6. for general purposes. and
against ratification of Ordinance No. 3O6'."
The electors voting in said election shall
mark al Y on the left in front OF the pro-
position of his or her choice and if both |
ma jority of the freehoders otherwise qualined
and 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
sections Of this ordinance, ana
should said election fail to carry in favor OF
the issuance of said bonds then said bonds
shall not issue
Section s. 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 g. This ordinance shall take ef-
feet as herein provided.
Passed at adjourned session Of the City
Commission of the City of Lakeland Polk
County, Florida, on the 10th day OF January,
A. D. 1922.
Approved January 10th, 1922.
H. c. PETTEWAY,
Mayor and Commissioner at Large.