1919-07 Bonds1-70 The following publication copied in minutes from The Okeechobee
News:
PROCLAMMION
Of Special Muniaipal Bond Sleotion'
Pnder end 'by virtue of Mthority vested in me, by the following
resolution of the Uounoil.of the City of Okeechobee, florida, t.0 -Mit:
A RESOLUTION
'resolution, providing for the issuance by the Oity ccf Okeeohobee,_�
Rlc;�da', of bonds, for the purpose of contracting a loan for the use of
said"Vity, for the,purpose of paving, grading,, and curbing certain
streets, in the Oity of Okeechobee, and also for draining both by sewer-
jgge,. and by surface draining, sad other purposes, as provided by Section
1060 of the General Statutes of the State of Florida, and for the sub-
mission of the qupstion,of the issuing ot the said bonds to an eleetion,
to be held, under and by virtue of Section 1062 of the General Statutes
of the State of -Lelorida.
Whereas, the Uity Uouncil of the Uity of ukeechobee, deem it to the
best interest of the Uity of Okeechobee, that certain streets, within
the carporate limits of said City of Okeechobee, be paved, curbed and
drained both by sewerage, ard by surface drainage, sad,
Whereas
it is the intention of the Uity of Okeechobee, to charge,
one third of tbe expense of the said paving, curb ing,, grading and drain-
ing both by sewerage and by surface draining, and for the purpose of
constructing the necessary Uess-pool or pools, ;jeptic xank, or Tanks, and
als(r-f or the upkeep, and repair, of all of the said improvements, and
othjV purposes, to the abutting property owners on each side of the street,
and
'Whereas, in order to provide the funds, to pay for the Uity's portion
ox gitoh improvements, it will be neoesBary for the, %�ity to contract a
loan, for such purpose, or purposes, and to pledge the funds, and credit
of the City, md the property of the said Uity for the redemption of such
loan, and,
Whereas, the cost of the. Oity's abare of such proposed improvemei�ts
is estimated at *80,000000
KUW THEREFORE BE IT.RESOLVED BY THE UITY CouvUIL OF Ta OITY OF
OUECHOBt�s9 STAi!S OV PLuRli)A.
Section 1. That under and by virtue of power vested in said Vity
of okeeahobee, State of vlorida, by Section 1060 of the General Statutes
of t -he State of Vlorida, it is hereby resolved, that the said Oity of
Okeechobee, shall issue its eaving & Sewer bonds for the aggregate sum of
,V8O,0UO*OO, said bonds to be in such form as may be hereafter adopted. by
the sdid L�ity Uouncil, and to be in denominations of jp50u.00 each, bearing
interest, payable semi-annually, at the rate of six per cant per Rxnu-m,
both principal and interest, payahie az zhe Bank of Okeechobee, Okeechobee,
Florida, or at the American Exchaage National b,�nk, New York Uity, N. Y.
at the option of the holder. Said Bonds to be dated July first A. 1).
Interest payable on the first dV of January, and July, of each and
every year, after date of issuance, until maturity of the said Bonds, the'
principal of said Bonds shall be payable as follows: 08,000.00 on July
first, A. .0. 1939 and §8,000.00 every year thereafter, to july first, 1948,
said Bonds to be numbered from one to 160 inclusive with interest coupons
attached.
* Section 2. - That an election be hold at as early date as practicable,
at which the question to be submitted to the electors of said Uity,, having
the 4ualifications prescribed by Section 1060 of the General Statutes of
the State of Plorida, being those who own real estate therein and have
paid their taxes, for the year last due thereon, md actual3,v voting at
said election; shall be the issuance of said Donds, and the Mayor, shall
171'
lotthwith issue his proclamation in the'Okeehobee News, a newspaper
published in said Uity, in five succebsive issues of said newspaper
immediately. prior to date of election.
Section 3. That the -form.of the ballot to be used at'Baid
election shall be, substantially as follows: "Official Ballot
Utmicipal, Bond Election," June 21 A. D. 1919, uity of Okeechobee,
-Florida.
Malm a cross (X) mark before the question of your choice,
Vote Nr one.
75'r bo-n1s.
Against Bonds.
Section 4. Should the issuance af said -bonds be authorized by
the required majority votes, then said -oonds shall be issued according
to law, without delay, and the Vity Council shall before such issuance
provide by ordinance, for the redemption of said 13onds at maturity,
and for the payments of the interest upon the same by levy of a
m1ficient millage as may be necessary for such Purpose.
Section 6. Should the issuance of said Bonds be authorized
at such election', the Qity Uouncil of the Uity of Okeechobee, hereby
pledges itself, to expend the proceeds of said Bonds for the purposes
,$amed in this resolution, including paving, curbing, draining, by
mewerage and by surface drainage such streets as the Uity uouncil
may designate.
Such bonds shall have the seal of the Oity of Okeechobee,
Florida, thereon, and shall be signed by the Mayor, and the Uity
Olerk, mid shall also be attested by the President of the Uity Coun-
cil, provided, however, the interest coupons attached thereto shall
have the signatiares of above named officials lithopraphed thereon.
1 1, 1). Z. Austin, Mayor of the Qity of Okeechobee, Aflorida, do
hereby proclaim and declare, that a special zond election, by the
eleators of said CUty, qualified to vote in a Bond election, under
the laws of Vlorida, will be bold at the %iounty Uourt i=m in the
City of Okeechobee, during the regular hours of voting, on the glet
day of June A, 3). 1919, upon the question of contracting a loan of
V80,000*00, in the form of 160 Bonds in the denomination of ;�500*00
each, and the proceeds from the sale of said bonds,, to be expended
for,,.the purposes as voted in the foregoing Resolution,
Said Bonds to be issued upon the terms and in the manner as set
I forth in said Aesolution, of the Uity Uouncil of the %�Jty of Okeecho-
b94), Florida, on the 20th day of May A. U. 1919, a copy of which is
herein set out sad published.
U!he following qualified voters are hereby appointed to serve as
officers of said special Bond election; U. Winkler, Albert -berka,
Ed Underhill, inspectors of said election, K. A. Hunter, clerk.
I IN WITNESS WBFMOF 9 1 have hereunto set my hand, as Mayor of the
Ot,,t7" of Okeeohobee, Florida. and canoed corporate seal of said vity
to. be hereto affixed, and the sons attested by the Oity Clerk this
20th day of MAY A.- D.- 1919.
D. E. AUSTIN9
Mayor of the uity of Okeechobee,
Florida.
ATTEST: W. W. DUNiiICLIFVE
Clerk of the Gity af Okeechobee,' 101orida.
AFFIDAVIT CP PUBLIWION
I"* S. J* Triplett, Publisher of the Okeechobee News and Uall,
published weekly at Okeechobee, Florida, do solemnly.swear that a copy of
the above notice, as per. -clipping attached, was puolished weekly in
the regular and entire issue of said newspaper, and not in any supplement
th6reo:f, for 5 conseoutive weeks, commencing with the issue' dated May 23
1919,, an - d e rd ing with the issue dated Jund 2U 0 1919.
S. j . Iviplett
Subscribed and sworn to before me thie'20th day of June, 1919
Geo, -ee 2arker
Notary Public , State of LOlorida
My commission expires January 12, 1921
(Notarial Seal) (Official Designation),
,A