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172Baoo ORDINANCE NO. 172--B OF THE CITY OF CLEAHVIATER, FLORIDA. AN ORDINAInE ENTITLED "AN ORDINANCE TO PROM. E FOR TIM CALLING AND HOLDING Q' A SPECIAL ELECTION TO AU911011MZE THE CITY p OF CLIJ101ATER TO ISSUE FIVE PER CENT THIRTY YLAR COUPON BONDS } IN TI£ SUM OF ELEV04 THOUSAND DOLLARS FOR TILE PURPOSE OF PROVIDING POH TILE PURCHASE OF LA14D FOR A PUBLIC PARR AND TO OVIDE FOR TILE RM 11PTION OF SAID BO1a)S AND '= PAYMENT OF P11 , THE INTEIIE'ST COUPONS WHEN SAME SHALL BECOME DUE.! WHEREAS E. 117. Parker and associates have made a - .V " r proposition in writing to the City Council of the City of Clearwater to sell to said City a tract of land situated upon Sand Key, west of said City, and containing about nine acres of land, for the sum of Ten Thousand Dollars; and WHEREAS, the said E. W. Parker and associates propose to construct a bridge from the City of Clearwater across Clearwater Bay to the boarder of the land proposed to be sold to the said City; and WHEREAS, the said E. W, Parker and associates propose that the City shall not be obligated to pay the purchase price for said land until the construction of said bridge has been completed; and WHEiEAS, the City Council believe it advantageous, expedient and for the best interest of said City that said Land be purchased for parr purposed; THEI, EFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CLEA911ATLR, FLORIDA: Section 1. That the City Council of the City of Cleaxtivrater, Florida be and it is hereby authorized to borrow the sum of Eleven•Thousand Dollars to be used and expended in the purchase of the said land for park purposes and if the issue of bonds as herein provided shall be approved by the affirmative vote of three fifths of the voters voting at said special eleation to be held as herein provided, than the said sum of Eleven Thousand Dollars shall ,be borrowed upon the K . t .. Sir ,, p 1 i i x' 301 terms and for the period of time herein stated, and that bonds shall be issued therefor to be dated the first day of January, A. D. 1917 and that said bonds shall be numbered consecutively, beginning with number one and ending{ with number twenty two, arri the said City Council is hereby authorized to pay intorost on the amount so borrowed as aforesaid at the rate of five per cent per annum, payable semi-annually on the first day of January and the first day of July of each and every year thereafter for the full period for which said bonds shall run from the first day of January .A. D. 1917; that said bonds so issued shall be negotiable coupon bonds of the amount of five hundred dollars each, and shall be payable in sold coin of the United States of America of current weight arri fineness, or its equivalent, and shall becoro due and payable on the first day of January, A. D. 194-7, and the principal amount of said bonds and the interest coupons thereto attached shall be payable at such place or places as may be designated in said bonds; to each of said bonds shall be attached interest coupons of such number and amount as shall be necessary to pay interest semi-annually on the principal sum of each of said bonds at the rate of five per cent per anrnun until the principal of said bonds shall, be- coma due. The interest coupons attached to said bonds, shall, when due, be receivable by the City of Clearwater, Florida, for taxes or indebtedness due the said City of Clearwater of every kind whatsoever. Section 2. The form of said bonds, not in conflict with this ordinance, shall, be provided by resolution of the City Council, and each of said bonds shall be sealed with the seal of the said City of Cleartiiater, and shall be signed by the Mayor, countersigned by the president of the City Council and attested by`•the City Clerk. The interest coupons attached to said bonds shall have, engraved'. or lithographed thereon the fac simile F e } 3 ? ?i ??iJa'.«Jlwawahaw a.-w+,•...s ,. .. ... r .. , P 302 signatures of the said Mayor, President of the City Council } r j f and City Clerk, 1 • f. i 3 Section 3. When said bonds shall have been inszgd { as herein provided, the City Council' is hereby authorized i i to sell sni.d bonds or as many of said bonds as shall be necessary to produce the net sum of Ten `Ihous;uid Dollars, at either public or private sale, for boat price obtainable therefor, provided said bonds shall not be sold for a greater of said City and shall be used only, for the purpose of purchasing and paying for a park site, as herein specifi.ed* discount than ten percent, and the proceeds arising from the sale of said bowls shall be deposited with the bond trustees Section 4. That a special tax shall be assessed, , Clearwater, to be held on Tuesday, the nineteenth day of September, A. D. 1916, to be participated in by all persons :::.: `' :: F ; '.. • r rover the age of twenty one y;;ars, who are tax payers on real property situated within the corporate limits of the said City, and who have resided in the City of C1'oRrvrater three months of the' twelve months preceeding said election, to determine whether or not the City Council shall be' authorized to issue bonds as herein provided; at which election the "'.;;::__ .4?.;_ •-;: ; , ' '' question as to whether bonds to the amount of Eleven Thousand ':?;='??A?:•; ??•' = :% i ?': ; . ; :. s . : > ':?,,.?F ;y?,k,F;::,:k,.,• ;.l' ,; Dollars shall be issued livid sold by said City of Clearwater M,- ^ s.r: shall be submitted to the voters of said Cit passessin the "='h{ qualifioati ins . as prescribed herein. The said Election :fir f •?;° levied and collected each year during the life of said bonds upon all property subject to taxation within the limits of the City of Clearwater, for the payment of the interei.t upon the bonds, and that u further tax of such amount as to the council shall seem propor and necessary, shall be assessed, levied and collected for the purpose of providing a sinking fund for the payment of said bonds at their maturity, Section 5. That a special election is hereby called to be held under the laws ai?t ordinances of the City of shall be conducted in accordance with the ordinanaen and laws of tho City of Clcrirvirktor provi.tl.ing for the holding of eleotiona. That thoro shall bo prov1dod for us© at said election ballots nubstantial.ly in the follow-big form; I OFFICIAL BALLOT SPECIAL LLBL' ION OF ME CZ'irtl OF CLE'AIVIATI M, FLORIDA,8EPTEMBER .19th A. D. 191.G. For the purpose of voting upon the issuance of five par cent, t thirty year coupon bonds to the amount of eleven thousand ? dollars frr the purpose of purchasing a park vita for said city. Make a cross-mark W before the proposition in favor of issuing bonds if you favor wane; Make a cross-mark (X) before the proposition against issuing bonds if you oppose.-same. >'. ?.. s.`:. AGAINST BONDS 1 3'. . 4 ?• Le ? '•. . 5 44 ' ? , Section 6. That and are hereby designated as inspectors of such election, and is hereby designated as clerk of saaid election. Section 7. That the polling place at which the voters .. at said election shall cast their ballots shall be i.n the City i ' Hall of said City of Cle anvater. ' Section 8. That all ordinances or parts of ordinances in conflict herevrit1i are hereby repealed. Passed by the City Council on this the day of 4?r ,,. August, A. D. 1916. jl. 'E `I • ,='; ? ?=t= :;:? ,'` President, City Council. City Clerk. 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