0047 (Street Paving)ORDINANCE NO. 7
AN ORDINANCE FOR THE PURPOSE OF PAVING, CURBING,
GRADING, COMPLETE IN ALL ITS DETAILS, CERTAIN
AVENUES, STREETS, OR PARTS THEREOF, IN THE CITY
OF OKEECHOBEE, FLORIDA, AND PROVIDING FOR THE
ISSUANCE OF BONDS FOR THE PAYMENT OF THE CITY'S
PORTION THEREOF, AND THE CALLING OF A SPECIAL
ELECTION FOR THE APPROVAL OR REJECTION OF THE
ISSUANCE OF SAID BONDS BY THE ELECTORS OF THE -CITY
OKEECHOBEE, FLORIDA.
BE IT ORDAINED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF OK.E:CHOi3,
FLORIDA,
Sec. 1. The Mayor and City Council of the City of Okeechobee,
Florida, subject to the provisions of law and this ordinance are hereby
authorized to issue bonds of said city under the seal of the said .
corporation in the amounts and for the, purpose of paving, curbing, grading,
and completing in all its details certain avenues, streets, or parts
thereof, and providing for the issuance of bonds for the payment of the
city's portion thereof; the balance of the two - thirds of said improvement
apon any avenue, street or streets, or 'parts thereof, when complete, to
be ohargea against the abutting property on�c.,side of said avenues
streets, or parts thereof; the city to pay the entire cost at the inter-
section of all avenues or streets. Said bonds. to be signed byr the Mayor
countersigned by the President of the City Council and attested by the
Clerk of said City with the seal thereof affixed, with interest coupons
attached, signed in like manner with the facsimile signatures thereof
lithographed on said interest coupons. The amount of said bonds shall be
$80,000.00 for the city's portion of said construction, upon such avenues,
streets, or parts thereof, as may hereafter be desi mated by the City
Sec. 2. The Mayor shall as soon as practicable after the passage,,
and approval of this ordinance, issue his proclamation, calling a special
election for the City of Okeechobee, Florida, to be held not less than
thirty days from the date of said proclamation, for the purpose of sub -
mitting to the electors of said City the approval or rejection of the
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issuance of the bonds rovided for in Sec. 1 of this Ordinance. Said
notice s }a11 we id in the Okeechobee News a newspaper published
in said ity; sa ca to be publiished in five successive issues of said
newspaper immediately prior to date of election.
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Sec. 3. That the form of the ballot to be used tm said election
shall be in substantially the following form;
OFFICIAL BALLOT
MUNICIPAL PAVING BOND BLBCTION
at
February 217A. D. 1920
City of Okeechobee, Florida
Make a cross mark (X) before the question of your choice
Vote for one
For bonds
Against bonds
Sec. 4. The Mayor in his- proclamation callyv for the election
herein provided shall name three electors of the of Okeechobee who
shall act as inspectors of said election and a clerk thereof. Should
any of the inspectors or clerk so appointed fail or refuse to qualify
the Mayor is authorized at any time prior to the opening of the polls
to nam additional inspectors or clerk. The insPpeector conducting
election aforesaid shall immediately after the polls have closed count
the votes for and against the proposed bond isaue and immediately certify
the result of the same to the City Council.
Sec. 5. At the election to be held as provided in this Ordinance
only resident electors other s 0aualj.fi d der the laws of Florida,
being those who own real estate n sa T unand who hive paid their taxes
last due thereon, and actually voting; at said election, shall We entitled
to vote.
Sec. 6. The bonds issued under the provisions of this Ordinance
shall be in denominations of 4500.00 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
2iga. A ti o. New York Oity, New York, at the op on of .-'t se-!"i i`
Said bonds are to be dated April 1st, A.D. 1920; interest payable on the
first day of October and April of each and every year after date of
i suarice until maturity of said bonds. Principal of said bonds shall 0
payable as follows: 8,000.00 on the first day of April, A.D. 1940 and
8,000.00 on the first day of April of each and every year thereafter up
to and including the first day of April, A.D. 1949. Said bonds to be
'numbered consecutively from 1 to 160 inclusive.
Sec. 7. Should the issuance of said bonds be authorized by the r�-
quired vote then saia bonds shall be issued without delay and the City
Council shall before such issuance provide by ordinance.., for the redemption
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of said bonds at maturity and f r the payments of the interest upon the
same by a tax levy of a sufficidsnt mileage as may be neces6ary for such
purpose.
Sec. 8. If the result of said election provided for in this Ordi-
nance be against the issuance of the bonds then this Ordinance shall ue
null and void.
Sec. 9. This Ordinance shall take effect immediately upon its
pas6age and approval.
Reaa a first and second time, and by unanimous consent
read third time and passed in open session of the city council the
2, o' day of January, A. D. 1920.
w
ATTEST: OG'l! ..... ,.
(Seal)
Approved this D day of January, A. D. 1920.
President of City Counc 1
Mayor of the City of Okeechobee, Florida