1919-01 Bondsr-
f6li iving wts' read 'a -first ti
me In: full by fbe
A RESOLUTION.
4�
V,14��A resolntion providing for the Issuance by the 0 1 ty o:f Okee hob elo,
iaa* of Bonds for the purpose of oontraotirig a Than for,the use
oftlhii.� said, City, for the purpose of ereoting and oonstructing'.water,
Orka.—laying water�mains, purchasing land for the purpose-bf erecting
the,.'.same.thereon, for,the purpose of the upkeep and construbtion thereoff.
&AC -for all other necessary purposes in connectiontherewith, including.
thoApurchase�of suitable fire truck, or trucks, hose,and such other
ff #ures as -may be necessary, as provided by section 1060 of the Gener'
al,
VtMutes of the State of Florida, and for the purpose of the submission'
0,fl`ihe question of issuing said Bonds at an election to be held.under
A14d b virtue of section 1062 of the General Statutes of-Ahe StAte of
rida.
Y
',Whereas, the City Council of the City'of Okeechobee deem it to the
t4et interest
of the City of Okeechobee, that a system of water works
be-oonstrue'ted within the City of said Okeechobee for the purpose of
furnishing,-Oater and fire protection to the citizens qf the said City'
of Okeaehobee�', and erecting and constructing water works, laying
water main,6,',purchasing land for the purpose of erecting the same there-
63i,,for the.purpose of the upkeep and construction thereof, and for
all -other n*e'oessary purposes in connection therewith, including the pur-',1'
t0hAse of,suitable fire truck, or trucks, hose, and such other fixtures
rAy be necessary, as provided by section 1060 of the Genera*1 Statute's
of,'�,the State of Florida, and for the purpose of the submission ofthe
Vq�ation of'issuing of said Bonds to,an election to be held under, and
.,by Virtue,of seotioid 1062 of.the General Statutes of the State of Florida,,
and.
Whereas,' in order to provide the funds that may be necessary to'pi"'
aY
tiiii�`�ost of such improvements, It will be necessary 'for the City to
i6fi ' tract a loan for sn6h purpose or purposes and to pledge the funds.
ind""oredit of the City, and the property,of the City, for such redemptfl=,
of .'Ouc j loan, -and,
Whereas it is estimated that the cost td the Cit
y for the erection.
(Bontinued on next page.)
154
Of the aforesaid improvements will be $45,000.00.
NOW TFMFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
OKEECHOBEE, STATE OF FLORIDA;
Section 1. That under, and by virtue of the power vested in said City (f
Okeechobee, State of Florida, by section 1060 of the General Statute of
the State of Florida, it is hereby resolved, that the said City of Okee-
ohobee shall issue its Water lorks Bonds for the aggregate sum of
�45,000.00, said Bonds to be in such form as may be 0 hereafter adopted
'by the City Council, and to be in denominatiorsof 0500.00 each, bearing
interest payable semi-annually at the rate of six per cent per annum,
both principal and interest payable at the Bank of Okeechobee, F16rida,;-,,
or at the American Exchange National Bank, New York City, N.Y., at the
option of the holder. Said Bonds to be dated July first, A.D. 1919.
Interest payable on the first day 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 �4500.00 on July 19
A.D. 1939 and $4500.00 every year thereafter, to and including,July 1,
A.D. 1948, said Bonds to be numbered from one to 90 inclusive, with
interest coupons attached.
Section 2. That an election be held at as early date as practicable.
at which the question to be submitted to the electors of said City, havil�r
the qualifications prescribed by section 1060 of the General Statutes
of the State of Florida, being those who own real estate therein and have
paid their taxes for the year last due thereon, and actually voting at said
election;:, shall be the issuance of said Bonds, and the Mayor shall forth-
with issue his proclamation in the Okeechobee News, a newspaper pub-
lished in said City in five successive issues of said newspap-er immedi-
ately'prior to date of election.
section 3. That the form of the ballot to be used at said election
shall be substantially as follows:
"Official Ballot
Mmicipal Bond Election"
June 21, A. D. 1919
City of Okeechobee, Florida.
Make a cross (X) mark before the
question of your choice.
Vote for one
For Bonds
Against Bonds
Section 4. Should the issuance of said Bonds be authorized by the
required majority votes then said Bonds shall be Issued accordirg to
law, without delay, and the City Council shall, before such issuance
provide'by ordinance for the redemption of said Bonds at maturity, and
for the payments of the interest upon the same by levy of a sufficient
millage as may be necessary for such purpose.
section 5 Should the issuance of said Bonds be authorized at such
election the City Council of the City of Okeechobee hereby pledges
itsel:fto expend the proceeds of said Bonds for the purposes named in
(May 20th con"
5 5
Clerk, and shall also be attested by the President of the City Councla,
provided, however, the interest coupons attached thereto shall bear
..Iit'dographic signature of above named officials.
The foregoing resolution on motion of Councilman C. R..Brookk_,';_
and.seconded by Oouncilman R. L. Pearce was unanimpusly adopted, and,.'
the Clerk of the said City Council is hereby required to record same
upon the minutes of the said Council as of this date, the same being
a special -meeting thereof, this the 20th day of 1.1ay A.D. 1919.
(Signed) D. R. McFeill, Presiden
of the City Council, Okee-
chobee City, Florida.
Attest: IN.W.Dunnicliff, it R. L. Pearce
Clerk of Council if C. R. Brooks
71. P: Underhill
(SEAL) E. R. Wright
Approved.
(Signed)D. E. Austin
Mayor of the City of Okeechobee, Florida.
The foregoing resolutions filed and duly recorded in the minutes
of the City Council of Okeechobee City, Florida, this the 20th day
of MayA.D. 1919. (Signed) W. W. Dunnicliff.
Clerk of the City Council
(SEAL) Okeechobee City, Florida.
motion made by councilman Underhill, seconded by Councilman Pearce
:�-that th6,7foregoing Resolution be-read,the first time in full.
Ayes: D.R.McNeill, R. L. Pearce, E.R.Wright, W.P.Underhill and
C.R.Brooks.
Nays: None.
Motion carried unanimously and was read in full the first time, and
on,motion made by councilman W. P. Underhill, seconded by councilman
R. L. Pearce, which motion carried unanimously, said Resolution was
read a second time by sections, and
On motion made by councilman W. 2. Underhill, seconded by councilman
R. L. Pearce, which motion carried unanimously the said ordinance was
placed for its third reading and final passage.
. The foregoing Resolution was then read a third time in full and
placed for passage with the vote as follows:
Ayes: D. R. McFeill, R.L.Pearce, E. R. Wright, W.P.Underhill,
C. R. Brooks.
Nays: None
The foregoing resolution passed unanimously.
- - - - - - - - - - - - - - - - - -
On motion of Councilman C. R. Brooks, seconded by Councilman
TZ. I. Pearce, and carrying unanimously the following Resolution was
read a f irst time in full:
156..
said City, for the purpose of paving., grading, and curbing certain
stt6ets'in the City of Okeechobee, and also for draining both by
sewerage and by surface drainaing, and oth,�r purposes, as provided
by Section 1060 of the General Statutes..of Florida, and for the
submission of the question of the issuing,of the said Bonds to an
election�to be held under and by virtue of section 1062.of the
General Statute of,the State of Florida.
Whereas, the City Council of the City of Okeechobee deem it to
the best interest of the City of Okeechobee, that certain streets
within the corporate limits of said City of Okeechobee be paved,
curbed and drained, both by sewerage and by surface drainage, and
Whereas, it is the intention of the City of Okeechobee to charge
one-third of the expense of the said paving, curbing and grading axid
draining, both by sewerage and by surface draining, and for the
purpose of constructing the necessary Cess -pool or pools, Septic Tank,
or Tanks, and also for the upkeep and repair of all of the said im-
provements and other purposes to the abutting property owners on
each side of the streets, and
Whereas, in order to provide the funds to pay for the City's.por-
tion of such improvements, it will be necessary for the City to*contract
a loan for such purpose, or purposes, and to pledge the funds and
credit of the City, and the property of the said City for the redemption
of such loan, and
Whereas, the cost of the City's share of such proposed improvements
is_estimated at $80,000.00.
NOW THEREFORE BE IT RE5OLVED BY THE CITY COUNCIL OF T19, CITY OF
OKEECHOBEE, STATE OF FLORIDA;
Section 1. That under and by virtue of power vested in said City
of Okeechobee, -State of Florida, by section 1060 of the General Statute
of the State of Florida, it is hereby resolved, that the said City of
Okeechobee shall issue its Paving & Sewer Bonds for the aggregate sum
of 480,000.00. Said Bonds to be in such form as may be hereafter
adopted by the said City Council, and to be in denomin6tions of �500-00
each, bearing interest payable semi-annually at the rate of six per
cent per annum, both principal and interest payable at the Bank of
Okeechobee, Okeechobee, Florida, or at the American Exchange National
Bank, New York City, N.Y., at the option of the holder. Said Bonds
to be dated July first, A.D. 1919. Interest payable on the first
day 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: $8,000.00 on July first A.D. 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 held at as earl "y date as practicable,
at which the question to be submitted to the electors of said City,
having the qualifications prescribed by section 1060 of the General
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R16066
said newspaper immediately prior to date of election. 1-57
Section 3. That the form of the ballot to be used at said election
shall be substantially as follows:
"Official Ballot Municipal Bond Election",
June 21, A.D. 1919 City of Okeechobee, Florida.
Make a cross W mark before the question of
your choice.
--------- r ----------------
Vote for one
For Bonds
Against Bpnds
Section 4. Should the issuance of said Bonds be authorized by the
required majority votes, then said Bonds shall be issued according
to law, without delay, and the City Council shall before such
issuance provide by ordinance for the redemption of said Bonds
at maturity, and for the payments of the interest upon the same
by levy of a sufficient millage as may be necessary for such
lourDose.
Sebtion 5. Should the issuance of said Bonds be authorized at
such election the City Council of the CitV of Okeechobee hereby
pledges itself to expend th3 rroceeds 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. Such Bonds shall have the
seal of the City of Okeechobee, Florida, thereon and shall be
signed by the Mayor and the City Clerk, and shall also be attested
by the President of the City Council provided, however, the
interest coupons attached thereto shall have signatures of above
named officials lithographed thereon.
The foregoing resolution on motion of C. R. Brooks and seconded
by Councilman R. L. Pearce was unanimously adopted and the Clerk
of the said City Council is hereby required. to record same upon the
minutes of the said Council as of this date the same being a
special meeting thereof this the 20th day of I'lay A.D. 1919.
(Signed) D. R. McNeill,
President of the City Council
Okeechobee City, Florida.
Attest: W-W-Dunnicliff
Clerk of Council 17 C.R.Brooks
F. L.Pearce
(SEAL) W.P.Underhill
.J.R.Wright
Approved. D. E. Austin
Mayor of the City of Okeechobee,
Florida.
The foregoing resolutions filed and duly recorded in the
minutes of the City Council of Okeechobee City, Florida this
the 20th day of 1.1hy A.D. 1919.
UI- IN- TWmni