1919-10 Street Paving BondsAppteved this,tbe 25th day of June, A.D.-1919
D# E. Austin
Mayor
175 j*
A Resolution
Whereas, the City Council ;f the,Qity of Okeechobee, Okeechobee
0ounty, rlorida,, has heretofore found�that it was necessary to provide
f or -'-".the.. paving, grading,and curbing of certain streets, also drainage,,
by sewer and surgace draining, and other purposes, and to issue bonds
therefore:
It is therefore ordered by said City 0ouncil, of the %�ity of
OkAieehobee, that for the purposes heretofore set forth herein, there
are authorized to be issued 160 street paving Bonds for the aggregate
sum .0f` Qf3o.000.00, of denominations �0500.00 each, and numbered from
1 to 160 both inclusive, bearing interest evidenced by coupons at the
rate of 6ix (6) per oentum per annum payaDle semi-annually on the Ivirst
day of January and of July in each and every year until maturity.
- Said bonds shall be dated on the lot day of July, A.D. 1919, and
become due as follows: �8.000.00 on the first day of July, A.D. 1939,
and,-;08,000*00 every year thereafter to July lst, A.D. 1948, said bonds
to have interest coupons attached thereto.
'baid uonds are to be in such form as may be hereafter adopted by
the said City Qouncil, and payable at the bank of Okeechobee, Okeechobee,
iflorida, or at the American Exchange Vational 13ank, Now York City,
H, Y., at the option of the holder.
An& for the prompt payment of these bonds and the interest thereon,
as -they respectively become due,, the full faith, credit, and resources
of'said Uity of ukeechobee are hereby irrevocably pledged.
�.,Theee bonds are issued under the authority of the General Statutes
of the State of Vlorida, Section 1060, and the charter of said Uity
together with resolutions and orders duly passed by the Uity Uouncil
of "isald City of Okeechobee.
:rhe foregoing resolution was on motion of Vouncilman it. L. Pearce,
duly seconded by Councilman zi. K, Wright, adopted by unanimous vote,
and ordered recorded upon the minutes of this meeting this the 24"
deq of June, A. -U, 1919, all voting Aye, and none No.
:Attest: W. W, uunnieliff � U. '". brooks
Uity Ulerk 2resident of uity uounoil
R. L. Pearce
i0ity of Okeechobee S. R. 4right
-6e al) W. 11. Underhill
uouncilmen
Approved this the 2411 day of June, A.D. 1919
.U. E, Austin
Mayor