The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1922-01-30
Legal Notices
ORDINANCE NO. 3O6

. ] I /.
THE sUW or C.;T HUNDRED THOUSAND
$500 Oa.00l DOLLARS FOR GENERAL. FUR
] POSES. AS HEREIN SET FORTH. AND To
BOND FOR THE sim OF ONE HUNDRED
THOUSAND (SlO0 OOuO0) DOLLARS. FOR
THE PURPOSE OF SECURING SAID LOAN
AND PROVIDE FOR THE ELECTION TO Az
I THORPE THE ISSUANCE OF SAID BONDS
BE 1T ORDAINED BY THE CITY COM
/ POLK COUNTY, FLORIDA:
Section |. That the Mayor or Commissioner
at 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
tfor the purpose Of paying expenses Of the
general municipal government. One Hundred
Thousand Dollars tSl0O,OO0.O0l payable Ten
Thousand $50 COCOON collars FEBRUARY l. 1892.
and Ten Thousand tslOO0OO Ol dollars each
year thereafter until the entire principal
amount Of One Hundred Thousand $780,
900 OO dollars has been paid, said bonds TO
J bear interest ut the rate of per cent per
annum, payable semi annually. both principal
and interest 10 be paid in gold coin Of the
/ United States. of current weight and fneness.
/ Section ,. That to secure the payment OF the
! loan provided for in Section | Of this Ordi-
nance there shall be issue bonds of the City
| Of Lakeland. Polk County, Florida Of the de-
nomination Of Five Hundred ts50O.0O) 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. or any other bank in New
York, " 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, ana shall ma
ture 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 60. both inclusive. Feb
Iuary 1st 1884
Bonds Nos GI to 80, both inclusive, Feb
ruary LIST. 1885.
Bonds Nos 81 to 100 both inclusive. Feb
ruary lst 1886
Bonds Nos IOl to 100. both inclusive. Feb
ruary 1st 1887.
Bonds Nos l2I to 40, both inclusive, Feb
ruary LIST. 1888.
Bonds Nos. l41 to 1GO, both inclusive Feb
ruary LIST. 1889.
Bonds Nos. I6l to $50. both inclusive. Feb
ruary LIST 1910
Bonds Nos 1871 to 200, both inclusive. Feb
ruary 1st 1941
/ Each of said bonds shall have attached
thereto interest coupons Of such number and
amount shall pay the interest on the prn
cipal amounts mentioned in said bonds semi
annually ana at the rate Of six (6 per cent
per annum until the principal shall fall
due and said interest coupons, when due
shall be receivable by the City OF Lakeland
Polk County. Florida. for all taxes and de
mands Of whatsoever description and shall
have the same conditions as to place OF pay
ment thereof as provided FOR in the bonds:
Section 3. That said bonds and likewise
|
Mayor and attested by the City Clerk Of the
City of Lakeland Polk County, Florida, and
the corporate seal of said city shall be az
| 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 litho-
graphed fac smile signatures shall have the
same force ant effect if actually signed
! by said Mayor and said Clerk.
/ Section A. special election is hereby Or
dered and the Mayor and Commissioner al
Large of the City Of Lakeland. Polk County
Florida. the Acting Mayor in his absence
shall call special election Of the qualified
voters of the City of Lakeland Polk County
Florida, who freeholders 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. d.
1922 at the regular polling place of the said
City OF Lakeland. to-wit: At the City Hall al
which election the question Of the issuance U
said bonds shall be submitted to said Quah-
fled electors who are freeholders for the APP
proval 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. POLL
County, FloriCa.
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 a 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
the 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 6. The 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 five Gays arteT
said election
shall be piece of plain white paper and
shall be in substantially the following form
"Offlclal Ballot. Special Election. City OF
Lakeland Polk County. Florida. February 9th,
1922, and shall have this ordinance. No. 3O6,
printed thereon, and the words, Mark IN X
Lefore the measure of your choice and in
addition thereto the following wording:
For bonding in the sum OF $lOO.en0.O 90 as
set forth in the foregoing ordinance. No. SO6.
| for general purposes, and for ratification OF
! Ordinance No. 306.'
Against bonding in the sum Of $780,:
geo 90, as set forth in the foregoing ord-
nance, No. 306. for general purposes. and
against ratification OF Ordinance No. 306'."
The electors voting in said election shall
mark aa Y on the left or in front Of the pro-
position Of his or her choice and IL both a
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 fail to carry in favor OF
the issuance of sale bonds then said bonds
shall not ISSUE
Section s. Said bonds shall be entitled to
all exemptions from taxation 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 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.
Attest:
H. L. SwATTS (SeaD
City Clerk .
No. 542. J-l9-26-F-2-9-4t