The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1926-04-15
RESOLUTION OF THE BOARD

RESOLUTION OF THE BOARD
or PUBLIC INSTRUCTION OF
MONROE COUNTY, FLORIDA,
AUTHORIZING THE ISSUE
or 5000, 900 BONDS FOR SPE-
cfAL TAX SCHOOL DIS
TRIcT NO. 1, IN SAID cOuN-
:TY.
WHEREAS, at meeting of
the County Board of Public In-
in and for Monroe Coun-
ty, Florida, had and held on the
18th day of March, A. D. 1926, a
Petition was presented to the
County Board Of Public Instruc-
tion in and for Monroe County,
Florida, signed by more than
Twenty-Five $3.50 per cent of the
duly qualified electors and free
holders residing within Special
Tax School District number one
Of Monroe County, Florida, stat
ing that petitioners desired the is
suance of bonds by said Special
Tax School District number one
of Monroe County, Florida, for
the purpose of building. repairing,
equipping and acquiring Public
Free Schools within, and for the
exclusive use Of said District; and
which said Petition set forth in
general terms the amount Of the
bonds desired to be issued and the
purposes thereof, and that The
proceeds derived from the ssle Of
such bonds shall be used for the
purpose set forth in said petition ;
and
WHEREAS, This is the first
meeting of the County Board of
Public Instruction in and for
Monroe County, Florida, had and
held after the receipt Of said Petit
ton; and
WHEREAS, it has been proven
to the County Board of Public In
struction of Monroe County, Flor
ida, that said petition has been
signed by more than Twenty-Five
125) per cent of the duly quail
fled electors and freeholders re-
siding within said Special Tax
School District number ane of
Monroe County, Florida, and that
it is desirable and to the best in
terest of said Special Tax School
District number one of Monroe
County, Florida, that bonds of
said Special Tax School District
be issued for the purpose Of build
ing, repairing, equipping, and ac-
curing Public Free Schools with
in said Special Tax School Dis
trict, and that the proceeds de-
rived from the sale of said bonds
be used for said purpose.
NOW THEREFORE BE TT RE-
SOLVED BY the County Board of
Public Instruction in and for
Monroe County, Florida, in meet
ing assembled on this 25th day
Of March, A. D. 1926, that bonds
in the sum of Two Hundred Thou
sand (s200,0 100000 Dollars, are
required for the purpose Of build
ing, repairing, equipping and ac-
quiring the Necessary School
Buildings within said Special Tax
School District; and that it is de-
sirable and for the best interest
Of said District that said bonds
shall bear interest at the rate of
Six (6) per cent per annum, pay
able seni-annually; that said
bonds shall be Of the denomination
Of One Thousand Isl, 000.00) Dol
lars each, and numbered con-
secutively from One to Two Hum
bred. both inclusive, and that said
bonds shall become payable with
in Thirty tsO) years from the
date OF issuance in annual INSTALL
ments rs follows, to-wit:
Bonds numbered One to Seven,
both inclusive, shall be payable on
january 1st, 1929; bonds number
ed Eight to Fourteen, both in
elusive, shall be payable january
LIST, 1890; bonds numbered Eff
teen to Twenty-one, both inclu-
sive, shall be payable January LIST,
1881; bonds numbered Twenty
two to twenty-eight, both inclu-
siva, shall be payable January LIST,
1882; bonds numbered twenty
nine to thirty-five, both inclusive,
shall be payable January list,
1888; bonds numbered Thirty-six
10 Forty-two. both inclusive, shall
be payable January 1st. 1884 /;
bonds numbered Forty-three to
Forty-nine. both inclusive, shall
be payable January 1st, 1886;
bonds numbered Fifty to Fifty
six. both inclusive. shall be pay
able January 1st. 1886; bonds
numbered Fifty-seven to Sixty
three, both inclusive. shall be pay
able January LIST. 1897: bonds
numbered Sixty-Four 70 Seventy,
both inclusive. shall be payable
January LIST, 1888; bonds number
ed Seventy-one to Seventy-seven.
both inclusive. shall be payable