1924-08-01 Bonds Election-252
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An,nroved by me this 31st day of July A. D. 1924.
I. W. Conely, J.L.
1,.,Ia,, ror of the City of Oklee-
chobee, Florida,.
The followinl-, -resolution was introduced by Councilman Hancock,
seconded by Councilman Bird and upon Toll call the was as folloiis:
Yeas
H. H. DeYarman
&
H. T. Bass
I'Ta ys
I -
J. Denhain Bird None
H. H. Hancock
R E S 0 L U T 1 0 N
WHERITUS, a Special Ileeting of the City Council of the City of
0
Okeechobee, Florida, was held June 10th, 1924, pursuant.to the call
of the Mayor for the purpose of considering -the question of calling
an election for the purpose of bonding the City of Okecchobee, Flor-
C�
ida for the purpose of raising moneir for several of the municipal
purposes provided / -for in the Charter of the City of Okeecholoce, and
for such otl.-Ler purposes as may co,,.,,.c before or ,,,ay be 'o-rought bef ore
the City Council, and
WHEERZAS, the City Council at said Special, IIeeting took under
consideration a. -I. ordinance entitled:
11 An ordinance -,orovidin,-, for the issuance of bonds b -.,,r the Idayor
and City Council of the City of O'i.'.cechobee., Florida, for the
U
-ouroose of extendinIg and expandin- the r,rter system of the
City of Okeechobee, Florida, f or furnishing ,water and fi-re
-protection, for e-,,ecting waterworks, laying water mains Dur -
chasing land for ereot-ing the sam.e the-reon; for the �furt'_,.eT
purpose of repairinE;, constructing, extending and ex-panding
seivera-e includin- all connections unon certain avenues, strect-a.,
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and alleyi,,rays, or parts thereof in the City of Okeechobee,
Florida, in all its details; for the further purpose of erect -
L for the City of Okeechobee,
ing a municipal building in c nd
Florida., to provide ad'equate quarters -."or the City Govern-
ent and --he f ire d-oattment, purchasinp- land f or execting
U
the same thereon, L-nd for a,ll other necescax-, thinci-s in
connectioii therewith; for the -.L7urther purpose of providing
a raore adequate -firo z)rotection for -'U-he City of Okeechobee,
Florida,, nurch,-..se u. -IL' hose and other equipment, and
'or mbeting pay,-,',ents on equipi.,ont previously purchased; for
the further purpose'of ii-,aiiatuaining the City Parks of the Ci -,U --,,r
of Okezchobee, FloxiGa, including purchasing or leasing of
land and all other things necessary to improve the park sys-
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-em; for the further -purpose of opening, widening or paving
in all its details certain avenues, streets or parts thereof
the ave -
in the City of Okeechobee, Florida, and designatinb
nues, streets or parts thereof to be so improved, authorizing
lien certificates to be issued against- abuttinS property where
new strects a,. -.,d new sel,�iera-e ,_,,nins are constructed; providing
furt'ller for the callinc; of a s-)eciai election for the anprox&l
or rejection of the issuance of eajd boiids by'tae clectors
.1 u
of the IV -i. -Iv -y of Okeechobee, Florida; and providing further for
the prorating of t"Lie ,�,ioncy obtained by cale of said bonds
amon8 the several ente2prises or pro�ects set -forth herein
and,
WHEREAS, said ordinance ra.s -,,passed a:t said mecting by a unan-
0
f the lbers present of the City Clouncill of said City;,
imous vote o mer,
I
253
WH Ij
� �EREA8, said ordinance en -titled as above was signe'd by �the
PresiC'ent of the 'City Council, attlested by the City Clerk, pre-
sented to the !Layor, he being -L--,hen an,.�,. there present, and approved
by the :4ayor on the said 10".-h day of June A. D. 1924, and
IMEREAS, the original of said ordinance as above entitled,
after such certification and approval was filed with the City Clerk
on said 10th day of June A. D. 1924,.a.nd designated and numbered
Ordinance number 77, and
I VIHEIREAS, said ordinance as entitled aboVe provides for the
issuai-.-ce of bonds of t -he 'City of Okeechobee, Florida, in the sevev-
al amounts and for the several purposes as set out therein; and
1WHEIREAS, said ordlinance provided for an election to be called
by the Layor, for t -he par- V 11
U )ose of subEitting to the qualified voters
of said City of 01ceechobee, Florida, the ques+.ion*of i,,rhet-her or
not the bonds provided by said ordinance should be authorized and.
issued, and
VIHEREA�S, notice of Sneci,-1 Election rras (iven as, required
by law nnd by the provisions of the above entitled ordinance., and
and
WHEREAS,, the votes cast at said election were a,s follows:
For the issuance of bonds for zmte2
Against the issuance of bonds for water
C.)
38
8""'
For the
issuance of
bonds for
sewerage
34,
Against
the issuance
of bonds
for vewerage
10
For the
issuance of
bonds for
=niuipal building
12
Against
the issuance
of bonds
fox municipal building
23
For the
issuance of
bonds for
fire protection
18
Against
the issuance
of bonds
for fire protection
20
For the
issumice of
bonds for
parks
17
Aminst
L�
the issuance
of bonds
for parks
21
For the issuance of bonds for street paving 20
Against the issuance -of bonds for street paving 19
WHEREAS, it ap-oears there was a majority Of 30 votes cast at
said election for the issuance of q,,"'50,000.00 in bonds for the pur- -
pose of extending and expanding tulle water system of the City 0 1 f
CD Q
Okeechobee, Florida;,7nd a majority of 211- votes cast at said election
for the issuance of $10,000.00 in bonds for the purpose of extendingo
expanding, constructing and repairing sewcraCe in the City of Okee-
C-?
chobee, Florida; and a majority of 1-,vo*elcast at said election f=
"0,000.00 in b6nd.s for -the purpose of widening or
the issuance of
paving in all its details certain avenues, st-reets or parts thereof'
in the City of Okeechobee, Florida, and
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WHEREAS, said ordinance number 77 provides. that the bonds pro-
vided -for in said ordi-nance, ehqll be nurfibered from 1 to 172 inclus-
ive, or in case all of said bonds are not authorized, then -from 1
up to and including the proper numeral to include all the bonds so
authorized, and shall be in denomitations of One Thousand ($1,000.00)
Dollars each; said bonds shall be dated August 1-st, 1924, shall
bear interest at the rate of six per cent. per annum after date,
interest payable semit�an-_.aual):y, and the,principa.1 of said bonds
shall be payable as f-ollows;:
Seventeen Thoucand ("A7,000.00) Dollars on the first day of
August A. D. 10114, and Seventeen Thousand (*'17,000-005 Dollars
on the first day of August 3f each and every year thereafter up to
and including the first day of August A. D. 1952, and Nineteen
Thousand (419,000.00) Dollars on the firs-"- day of August A*.D? 1953;
or in case all the bonds are not aulthosized then in the same Y)ro-
portion as nearly as practicabl-, thcrefore be it
RESOLVED that tiie bonds descri'oed'ir, csaid Ordinance Nul'lbe2 77
in the. su'I'll of One Hundred Fif"ty Thousand (4"150,000.00) Dollars be
issued as thergin -provided;
Ninety Thousand ($90,000.00) Dollars to be used for the eX-
tension ar.d expansion of the Tvater syst-em of the City of Okee-
chobee., Florida, for the purpose of furnishing water and fire
protection, for erecting ivat�r worke, laying water mains, pur-
t4
chasing land for erec Ing the sa-l.e thereon and for.all other
necessary purposes in connection therewith.
Ten Thousand ($10,000.00) Dollars to be used for the repair,
construction, extension a�nd expansion of sevierage including
all connections upon certain avenues, streets and alleyways
or parts thereof in -'�he.City of Okeechobee, Florida, in all
its details,
Fifty Thousand (50,000.00) Dollars to be used for opening
0 0.1
v,ridening or naving in all its details, certain avenues,
streets or -,-,arts t7,ercof in the City of Ok'ecchobee., Florida;
and
BE IT FURTHER RESOLVED, t".h.,a.t s-r.id bonds be in denominat-
ions of $1,000.00 each dated Auguslt 1st, 1924 with interest
at the rate of six -oer cent. oer anynui-a after date, interest
payable -semi-annually and that the pri-_,-cipal of said bonds
shall be nayable as f ollo%lis:
Bonds number 1, 2, 3, 4, 5, 6, 7 44" 9, 10, 11, 12, 13,
14 and 15 payable August lot A. . 9 .
Bonds ni=,ber 16, 17, 1�, 19, 20, 21, 22, 2,7 j, 24, 45, 26,
07, 28, 29, 30 pwrable August 1st A. D. 1911-5.
J .1 3 _3 , 34, 3-, 36 4o, 41
,Bonds number 31, 32 37, 38, 393. >
4
42, 43, 44, 45'payable August lot, A. D. 1946. 4", 55, 56
.-Bonds number 46, '7, 48, "9, 50, 51, 52, 53, 5
57, 58, 59, 60 payable August lst, A. D. 1947.
Bonds number 61, 62,'-63, 64, 65, 66- " 68, 70, 71,
57,
72, 73> 74, 75 payable August lst,A. D. 1948. 95, 8 -
, 78 80, 81, 82, 83, 6,
Bonds number 76, 77 1 , 79,
87, 88, 89, go payable August lst, A. D. 1949.
Bonds number 91, 92, 93, 941 95, 96, 0/7, 98, 95, loo.,
101, 102, 103, 1041 105 payable August lst, A. D. 1950.
255
Bonds number 106., 107, 108, 109, 110, 111, 112; 113,
-L. 118, 115, 120 payable.Augi;st lst, A. -D. 1951.
114, 115, '16, 117,
Bonds -number 121, 122, 123,, 124, 125, 126, 1271 128, 129,
13 0, 171,, 132,, 133 -
_L34, 135 payable Auc,_ust lst', A. D. 1952.
5 177 1-8
Bonds number 13� 139, 14o., 14l,'142, 143, 144,
9, -:ust let, A. D. 1953.
145, 146, 147, 14-8 150 payable AuL�
BE IT FURTHER RESOLVED, that said bonds be printed in the
following form:
UNITED STATES OF AMERICA
STATE OF FLORIDA
COUNTY OF OKEECHOBEE
1-11UNICIPAL BOND
ISSUE OF 1924
No.
$1,000.00
The City of Okeechobee, for value received, hereby promises
to pay, to the bearer, the surn of ONE THOUSAND AND NO/100
($1,000.00) Dollars, gold coin of the United States,'on the. --.-
first day of August, 19��,` with interest thereon at the rate of
six per cent. per annum, payable semi-annually on the first day
of February and the first day of Au_gust of each year upon pre-,"
sehtation nd surrender of the inteTest'coupons attached hereto,
as they severally become due and payable, both principal and in- j
terest payable at the Bank of Okeechobee, Okeechobee, Florida,
or at the American Exchange National Bank, New York City; Nevv!,"York
at,the option of the holder.'
This bond is one of a series of one hunderd fifty bonds
aggregatin� �150,000-00 of like tenor, except as to its number
and date of maturity, and is issued by,virtue and in pursuance
of Chapter 8318 of the Laws of Florida, Special Acts of 1919,
and of Chapter qglf� of the Lars of Florida, Special Acts of 1923,
and of Ordinance number 77 of the ordinances of the City of Okeecho-
bee, Florida, regularly passed and approved June 10th 1924.' The
series of bonds of which this 0 ne , was issued for the purpose of
extending and expanding the water system of the City of Okeechobee,
for the pur�ose of furnishing water and fire protection, forlereoting
water works, laying water mains, purchasing land for erecting the
same thereon and for all other pur-
pozes, in connection therewith; for
the further purpose of repairing, constructing, extending and ex-
panding the sewerage, including all connections upon certain
avenues, streets and alleyways or parts thereof in the'City��.�of Meech,
bee, Florida, in all its details; for the further purpose,of op'ening
widening or paving in all its details certain avenues., streets
or parts thereof in the City of Okeechob ee, Florida. The jagg",
,a
Ace
of said series of bonds of which this,is one was'4pproved
256
aff"'irmative vo�e o� a majority of the electors voting for each
purpose separately, at a Special Election for that'purpose duly
called and held under the provisions of said Chapters 8318 and
9855 of the Laws of Florida -and said Ordinance number 77 of the
Ordinances of the City of Okeechobee, Florida.
It is hereby certified that the issue of bonds of which this
is one is within every debt and other limit prescribed by the
constitution and Laws of the State of Florida, and Is rriade in striot
conformity with the Constitution and Laws of the State of Florida
and the Ordinances of the City of Okeechobee, Florida, duly author-
izing the sar,,,e , and that all proceedings essential to the validity
o -hese bonds has been performed aiid that every requirement of
f t U
lar relating to the issue thereof has been duly complied with.
rida, has
IN WITNESS YMERELOF Ulie City of Okeechobee, Flo...
caused this bond bearing date of the Ist day of August , 1924, to
be signed by its L:ayox, C`iountersimned by the President- of the City
Council, attested' by the City Clerk and its c-eal to be hereto af f ix—
ed.
(CORPORATE SEAL)
Attest
i'layor
City Cie -Lk
Co,,uitersigned I V
President of the City
Council.
a 0 U P 0 N
On the first day of F-abr-uary the City of Okee—
AU-Smst) 19L,
chobe--, Florida, ivill pay to the beaxer 00,00, at the Bank of Okee—
chobee, Okeechobee, Florida or at the X.n.-lerican Exchange National
Bank, NeW York City, Nerr York, at the option o'L17 the holder, for six
months interest then due on Llunicio,al Bond Issue of 1924 Nui-riber
(CORPOR*ATE SEAL) Mayor
Attest
01ty Clerk
Countersigned:
President of the City CouncT17
and be it further resolved, that the Clty At-torneys be, instructed
to proceed v�ith the validation of sa id bonds and have sa.i.,le printeid
and certified, and be it further
Resolved that the City Attorneys be instructed to properly adver—
tise in COMPliance with law notice that bids will be Tecitived by
the City Council at such time as notice shall specify for th'e
0 _J
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'257
sale of thd bonds.
Upon mot -ion t -.,e, Clouncil adjourned..
Attest: Preside,nt Ilift" Council.
i t