The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1943-04-12

THE KEY w
West once a week for four con-
secutive weeks. In all proceed
ings to enforce said liens or any
of them save in cases where the
owner or owners cannot be as
certained, service shall be made
in the same manner as is provid-
ed by law for service in other
cases.
In such proceedings, appeals
and writs of error may be taken
to the proper Appellate Courts,
iiasiin other cases. The proper
1 appellate GGuDV Shalkopon the
9fnotionabf ieither party, advance
lsuch cause out of their regular
4pr1aer and tiny and determine the
bEame1as seaEly as possible. 81
noii -fGd ii Warrantsq9lo a
Section f66si No officer of the
City of9Key West shall draw a
warrant onfIthe Treasurer of said
city unless the money to meet
said warrant is actually in the
hands of the Treasurer at the
time it is drawn. And all war
rants so drawn in violation of
this section shall be null and
void.
May Borrow Money
Section 81. The City Council,
by and with the consent of the
Mayor, shall have the power to
borrow money to the extent of
three-fourths of the amount of
taxes in any one year and to is
sue as evidence of indebtedness
for the money borrowed, rev.
nue. bonds, which bonds shall be
signed by they aAHy6r off 1tim scityt
President o6sthe gGAty .0GoufaGil
and Auditor; of tthe city and afr
tested by the4 City Clerk under
the seal of the city .eaosl9b 10 z
Said bonds shall be issued sep-
arately against any or ALI the
funds for which taxes, areeassess-
ed, and when issued against any
fund, the amount realized from
the loan on said bonds shall be
carried and credited to the fund
against which said bond was
issued; that said bonds shall be
issued in serial numbers begin
ming with the number one, as
against such separate fund, and
the holder of said bonds shall
have first lien upon the uncol-
| lected taxes to the extent of the
amount borrowed and as against
each fund for which said bonds
were issued; and as the taxes are
collected, the bonds shall be
paid in the order in which they
were issued, out of the fund
against which said bonds were
negotiated. No revenue bond
shall be issued for a longer time
than one year and shall bear such
interest as the City Council may
fix.
Indebtedness
Section So. It shall be unlaw-
full for the City of Key West in
any one year to incur any in
debtedness in excess of the ap-
preparation fog said year except
as provided in this Charter.
May Issue Bonds
Section SO. The City of Key
West shall have the right to is
sue and sell bonds for municipal
purposes; provided, such issue
of bonds shall be ratified by a
majority vote of all those free
holders who are qualified cleo
tors of said city voting at an
election to be held for that pur-
pose, not to exceed in amount
twenty (20) per cent. of the as
sessed valuation of all taxable
property in said city.
And whenever, for the pur-
pose of extending the time OF
the payment of the now exist
ing indebtedness, which from
its limits of taxation the city
may be unable to pay at matur-
| ity, or whenever it appears to
the said City Council to be for
the best interest of the said City
to refund any such indebtedness
now existing, the City Council,
| by resolution int duced . and
passed at any regular or speeiaa]]
meeting, is hereby apthori;zieftd
and empowered Itp,s omprpmise,
compound, refupd, settle with
and to fund any now existing
indebtedness lawfully made and
undertaken by the said city un,
der authority of law or ordi-
nance; and for this purpose, ano
without submitting the same foI
ratification to the qualified cleo.
tors of said city at an election
as hereinbefore provided, the
said City Council shall have pow.
er to issue negotiable coupon
bonds of the City of Key West Of
such denomination as they may
see fit, bearing interest at rate
not to exceed five percent. sc
per annum, and said bonds shall
. not be sold for less than par
J provided. however,, that no in
debtedness, Of said. City of Ke,
/ / vvos+ eShaJl he so fsos,aY,ror,,iSed