1919-04 Bonds.On mqtio4'of-�Pounctlman C,R&,''B,roo'k_s'-i seconded.. by Councilman
earce, and car I' i�pT`-thei.follbwing.R6 futiopi'�,vas��
P ryl ag A6�06 so
road 8�1 f irst., time in'ful
�i V
L RBSOLUTION'i
t1' o by"�" the 0 1 ty of �,Okeiechoboe
xci 0 1 11
oqlutii 4',providing, . o io Is uqno
6 purpose 0- 0 'for�tha use �of
F3,,p;,IdfLv',,0f Bondq,;or`,th C.' ontractin-?a loan,,
156
f
said 01 or, he..purpose o 'pa_ing� an cqr ij g certain
V -radin� d bi
f t, , P,, I .., , 11 1 t, 1, : ,
0 � for:
streets'in.the'city'of Okeecb�bee'. and, also, �_.d�aining ' botk�by:y'
sewerage and by,:,surfacq draihaifig" :&.nd,�otht-�r' A
plir-Posest, �as�,provide
by Pecti-on. 106b,,ofthe -'4enie'oal � Statute'i;,of FioriAa'; � an d. f 6 r, . the'
submission of "the question of the issuing,of t�e _saia-,Bohds, to 'an
election�to be held,under and by'virtue of,,,seo.tion lQ0,'2, pf_the
General Statuteiof,the State�,of
P0
Whereas,, the unci of''the Git ��ot"'Oke6dh6bee.:deem'it to
Y,
strauto
the. beat, interest'of,' the ,'City,of Okeechobee' that
4 within'the�oorporate limits of.said,City'of, Okeeohobee�be D ved;
curbed,and drained, both by 'sewerage .,and by'surface #aina,-e and' -
Whereas, it' id�'th6 'Intention of the City"of Okeechobee to 6harge,'
y
one-third of the expense. of,the said.paving',',cur.bing and 'grading axid
draining, both by sewerage.-and`by purface..draining,.'and for, the
"'of constructing the hecesoary -Cese-pool:or, pools,,- Septic ank
purposei T
or Tanks, and also for the, upkeep and'repajr,,o:1C.all of.the,,said 4m_
provements'and''other purposes'to the abutting,� property owners. 'on
eacb-side of the,streets, and
�A Whereas, in �ordei -to provid.9 the funds,, to pa''y',forl., the City' s_por7'
tion of such iTnprovements, it will,be necessary for.,tho.C*ty��-to:"'contrac.
a 0
1 an for such purpose, or purpose,s,- and'...to pl6dge''the' funds and,
. -A, -the property.of, the -,said City for'the �red6mpti6n:�"i.
credit of the qity,;and
of such'loan, and
Whereas, the cost of the City's share:of puch'propqsed,�Ampxovements
is esti ted at '�30,000.,00.
ma
TOW THMEFORE BE IT RE50LVED-, BY -THE ZITY�QOUNCIL OF T HE 0 1 TY,,, 0
OKEECHOBEE, STATE OF PLORIDA;
section 1., That under,and by 'virtue-�of .'power,, vested�'in said*;C,ity
060,6f,the General'st4tute
of Okeechobee,,�, State of Florida,�by section,'�l*
of the State.of Florida,,Atis,hereby resolved, 'that the, said, City of
Okeechol�'ee,shall�issue':its�Paving & Ueiirer, Bonds -for�.. the aggregate,',sum,
of" 1�- Said Bonds to be in such',form As'ma e r,,
980, 000'. 00., -.be,),, reafte
y 4 .
adopted by the said City-Gouncil, and to�.be.,'in, denomingLtj�_ S of., �50
on
each,, bearing interest payable oemi-annually�',at the'rate,of.six,per
cent Derlannum, bloth,principal-and,,intereet.p4y4ble.at the Bank of,:,�'
OkeeAobeb, Okeechobee, , 1�i�.orida, or at. th6:�-'Amer loan Exchai�,-' �JT
gei
Banki Now York C-ity,'T.,Y., at the: opti6n,'.'o`f,-thE), holder. ��.sqia Bonds.-:
to. be da�ted July. f irst, A4 D. 1919, Interest, p4yabl",''' "'th 'first, -
e, on e,.
day 'of-Zanuary and, July of. each and,6v6ry,,1y6ar- after::�date of, issuance,
u til maturity of the isaid''Bonds,l n �of said Bonds, shall
n the.,pri cipal'
be
payable as r'sVA,;,D.
6rer7yVM__Mdrd16_f e to -'4uly f ir-st� 1948. 1",S4id Donds to be numbered,
from one to 160,'inclusive with Interest
hel at 4 tj
Section 2. �,,That an eleatt on, be d rL j as. praq qablet,-:�
ea_ date,
at. whi 'h, the�que'stion to be submi, her�electora
tted to -t
having t pr6�drib'bd, by so oti on- 1060 of the GeT."Cral
he qualifications,'
t -
statutes of the_fftate of Florida being'� tho so' who, own� real esta
d
therain �9'lta have, ,.pai a- the i r " taxo s -F or the year last,cliio �thereoh, an
ill be th ssuance o'k said', Donds,
actually voting, u� said elactlonj.,,slu G,i
and the, Mayor shall, f orthwith issue, his, Proclamatio.-h iii the'Okaeohbbea
Npiws 'a�newspappr published in,said Ci�ty,':' in' f V0 'puc as o s� 6T
�aidnewspaper immediately priOr to, date'—f eledtion*
,Peot;on 3. , That the f orm, '01, the, ballot to be. used at' saiA� ;,election'
'11 be subptantiaily,as follbws:
n
,."Official Ballot Municipal Bond Elect 10*
'June 21, A.D. 1919, City, of Okeechobee ' Flori 1 da".
Make a cro'ss:4X) mark before the rq uestion of
your choice.
----------------
Vote f or one
For Bonds''
Against Bpnds,
.Section Should, the 'issuance of said.Bonds be authorized by the
required majority votes, -'then said,Bonds.'shall' be issuLsd according
to law, without delay,�and the City'Council-shall'before such
-provide, by,. ordinance for the� redemption , 'of -,said "Bonds''
at maturity and for the�,'payments'6f�the',�int6regt,upon th . e same
by levy of A sufficient millage a , s may,'be'neco ssary for such
purpose.,
Se'etion 5,, Should,the issuance of-mbaid Bonds be' authorized 'at
such'election the City Council of',tIhe-Ci,.tv' of Okeechobee hereby
pledges itself to expend t,h3 proceeds 'of said Bonds, for, the,'
-purposes named in this, resolution,.. including paving,', curbing,.,
,draining, by sewerage and by surface.drainage,,,on,,such streets,,
as the City Council,may,designate.,,,$u6h Bonde.shall have the
seal of the City of Okeechobee, Florida,, thereon and',shall-'be..
signed by the Myor an4'the City Clerk,�And,shall'also be attested,
by,the President -of the -City Cqunctl,�rovided, however,",the
interest,coupons'attached thereto shall�have si
g -natures, of'".
named,officials lithographed thereon.'
The foregoing resolution on motion' 'of �'C' . R. Bropka''and, seconded
D
by Councilman R. L.,learce was unanimously:adopted and the Clerk
of the said -City:�Council is, hereby required,to-,r.ecord,same,,upon
minutes ' of the said Council'as' of this'dat6 , th�',',aame ',-beikg a.
special meeting.-there'of this the 20.t��day'of,.Ylay 4-1J. '1919.:
(Signed,) J). L,T,.c N e. I 11,
Ite,sident'of, the, City
-Okee c hob e e � C i ty's Floriddo'
1.ff Dunnicliff
.4ttest: V'
C` R. Brb oks'
Clerk ;�f C ounc n
R L. Pearce,,
(SEAL) WP'P. Underhill
TV
R Wr ight
Approved.: D.- F,. Austin
r of the,City. of Okeechobee,
�Iayq
Florida.
The foregoing'rbsolutions filed and duly recorded in,the
minutes of the City Council of'Ok O'echobse City, Florida this'
the 20th,da of ITay:.Ao D.- .1919.
y
VI W.' Dunnicliff
e
Clerk of th City P61ine
:,_'�%Qkqechobee Cit 'Florida.
On motion of ,-Counclilman C R. Brooks j, secorldea, by,,R Pleare'e",
said motion carrying unanimouely,.-,the X:o i,'''r _solutiojj'vvds_.,r' A''
rego ia�_, e ea
a sec6hd time by, paragraphs..
Moti,on.was made by"C. R. Brooks,, 's*elconded,by.,!'.,,L�,.]�earce,..tlidt
the foregoing resolution be read a thira.',timo' in Tull,,'� ana"placed. for,'.,
final,passage. '�ilhe,,,vote stood as! f o�l
QWq
C. R* Brooks
01 - P. Underhill
R. L. Pearce
E. Ro' Wr I ght
Kays.: None
The r6s
olution c4rried unanimou�l�..7