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0 It D I N A N 0 13, # 7G.
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An ordinance to provide far the issuing of bonds
by the Tovm of Clloarvator and to preacrlbe the
i purpose for which the money arising from the atcle
of auch bonds aball be expended„
Do It Ordained by the Tovm Catxncil of the Town of
Clearwater;
Section 14 That the Tovm Council of the Torn of Clear-
water be axtid it Is horoby authorized to box-row the stun of
Forty Thounnnd Dollars (.1, 40,000.00) to be used and oxpended
A r?s follows, to- Vitt;
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I'ifte3orx Thousand Dollars ($15,,000) for constructing a
j sewerage system in the Tovm of Cle =vaster and Twenty-five
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Thouetmd Dollars (t?28,000.00) to be used ru'md expended in
purohasingp erecting and establishing a plant and aystem of
water worlm for said trnvn; that sexist sums shall be borrowed
for a period of thirty years from. the first day of April, A.
D. 19109 and that the said Tovm Couroil its authorized to
pay Interest on eaid si=rs of money • at the rate of f lire per
cent per annum, payable semi-annually on the first days of
April grid October of each year for the full period of
thirty yeare.
° Section 2. Mat to secure the payment of the losma
herein provided the said Town Oounail shell issue, eighty
(80) negotiable coupon bonds of said town of the de monination
of Five Ihmdred Dollars (e6OO600) each. Said bonds shall be
payable in gold coin of the United States of America of
current R64ght and fineness and shall be payable at such
y
place or places in the State of Florida, or otherwise as may
bas designated in said bonds. To each of said bonds eliall
' . = be attached interest coupons of mch number and amount an
f shall be neeeseary to pay the interest semi-annually on the
principal aunt of each of said bands at the rate of five per
Cent t6%1 per fuu m until the prinoipal sum of said bonds
And maid b DILdB shall
sha1?. beeome dues each mature thirty
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Tho Intaroat coupons attached to suld bonds when clue alutll
bu reoeivabl.o by tho Town of Cl oamat:or ror all tUX011 due
it of ovary Iclazd whataoovor. ;
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Section 3. The farm of said bomIa not in awnfliot
s
with dais ordInatico shall bo approvod by the Tovrn Cramoil
and each of sa.?l bonds shall be coul.ed with tho coal of
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said Tom and ra4;nod by tho Mayor =d Tosln. Clark of said
'Ponca. The Interest coupons atI'Mahod to said bands alzall -
{ hove engraved or lithograV2ad t horeon the names *2 thc cam
Mayor, and the c aid Town Clock. t.
Section 4,w When oald bonus shall linve boon lanuad
as herein provided the sa?ae shall ba delivered to the
Tom Council for dispositivm,
And the o a.i d Trnm Gouncil is h traby authorized to ,
sal.l said bonds at eltlwr public or private male for the a
beat pried obtn4nublo trharofor. And tho proarsads uxiaing (v
from the sale of nald bonda shall, be doposit;od in some
Bank to bo horoafter dosignat:od by tho uam Town Comes s
and al all be used only for the inaposo h,:vaLn expressod.
saction 5* The said Town Council shall haver full
control, mcanagemc at &=I d1weation over t1te cons truoL•ion,
maintenance and operation of the amveruro and urkt;or norkn
plrunt i7hich may be constructed and put: in oporaLion by and ?
lutdpx? the provisions of thin Oi dlanne e
section Be That a apeoiral tax shall be anconeod _
leviolt and colloot od oath yours upon all the prop=t-.r both
real and porsonali aubjeot to taxation v+ithin tho T mm oT
V.
Olesrwubar, for the payment of the interat; upon fluid bonda; 1
I in addition to the tax for the paymnt of the intorant
aforesnid, ra further tau of such =*mt an to the Town ?
Cg=*U sahall seam propar, shall bo nanaden1 upon tho real.
4YY1elf', €`-srel,,', w^ p
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arseval •moper Q.W tYMLi 'subject to twmtImm,
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for the purpose of pi-oviding a sinking fund for the
payment of said bonds at maturity. The said sinking fund
so raised Shull be inveated In State. or County bonds or
outstanding bonds of the Torn of aleaz%vator, or first
class Improved heal Estate Mortgages carrying insurance.
Seotion 7. That the ?Mayor of the Town of Clear-
water shall call a speolal election under the ordinance
of said Towers of the registerrd voters of saild toym# who
own real estate thorei°n, and the titlb to which is record-
In the public records of lfillsboraagh Countyy to
determine vrnethor the bonds herein mentioned shall be
issued. Said election to be held on the 28th day of March
1910# at HLioh election the question of whether bonds to
the amount and ;Cor -tho pau-poue hereki speoiried shall be
issued Saud sold by the said Town of Cilearwatnrs shall be
oubmitted to the electors of said Tovm possessing the
quaalifiuations ha3xrai.nbefore, specified. 'What said election
shall be called and conducted in accordance with tl*Le
ordinance ar sa ld tcwn providing for the holding of
elections. That the Council shall cause to be pray' i ed
for use at said election ballots substantially in the
fallowing form,
of the Town of
Clea3rarater+
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Make a cross msaark (X) before each
proposition in favor of issuing bondi3
which you favor; make a cross mark (x)
before each proposition against issuing
bonds ii you oppose eaama.
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BIS'JI?i/l(?M.
For issuing and sale of Bonds for Sowerage to
the twtount of $1D O000.00 tly0a if
For issuing and sake of bonds for Sewsrelza to the
amount of w15,000.00 "Noll
Vor Issuing and sale of bonds for the amount Of
$25,000400 for the purpose of purchas..ngo, ereoting
and establishing a wataniorkd plant for the Tartu:
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For iusu3ng and sale of bonds for the amount of
$25,000.00 for the purpode of purdiasing, eroating
and eatablishitg u Yraterworlcs plant for the town.
17?
Seotion 84 If a: Majority of the votes cast at said
eleati.on upon both of nald propositions shall be In fervor .
thereof, hen it shall be the duty of the Town Council to
issue said bonds In accordance with the provini,ars of this
f ordinance but If a majority of sold votes cast at said
election skull be against either of said propositions them
this ordinance shall be of no effect anti no bonds shall be
is sued.
Section 9. That the Town Clerk an registration officer
aliall duly open the registration boom of said town, for We
of allos-win those orsoua
purpose g p qua13 'iect as electors as
herein providod, to registor on tho following dryu to-grit;
the firet, eenond, third, fourth and fifth of )faz and the
seventh, eighth, ninth, teath and eleventh of March 1910
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?' upon which last mentioned dates the said registration books
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Now
Sootion IN That the Town Council shall an March }
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21st1 1910, meet Vor the purpose of r,evieing the
rogistrntion fiat in accordanoe with the ordinance of
said Town.
Section lx. For the purpose of conduoting Vzd holding
said election the following named persona be and they are :
hereby appointed inspectors to-wit: ,
and and ; .
be and he is hereby appointed Clerk of said Elootion.
Seation 12. That the polling place at which tho ,?.
voters ab said election shall, cast their ballots shall by
1 the Ocamoil Chambers of said Town. -.?
Section 13, All ordinances or parta of ordinances in
conflict with this ordinanoo are hereby repealed.
Passed Oouncil this 15th day of February,$ A. D. 1910.
Attests
Thos. J. Sheridan. H. v FnEuan
Tmrna Clerk P•rosident;, Frotem ?
Approvod by mo this 15th day of Fobruary, at. D. 1910.
(seal) Leroy Brandon
May'ox.
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