Page 152 - compilation-containing-the-charter-and-revised-ordinances-of-the-city-of-lake-city-florida-(1912)-gillen-and-hodges

Charter and Revised Ordinances of Lake City Florida (1912) Gillen & Hodges
149
Charter of the City of Lake City
Sec. 2. That the Town Council shall from
year to year provide by taxation for a sufficient 149/257
sum to pay the semi-annual interest which may
become due on said bonds, and also create a sink­
ing fund to liquidate said bonds at maturity.
Approved September 18, 1899.

An Ordinance to Carry into Effect the Provisions
of Ordinance No. 106, Passed September 18th,
1899, and Approved on Said Date, and to pro­
vide for the Form of the Issue of Bonds of Said
Town, and to Provide for the Sale of Said
Bonds.
Whereas, at an election held in the Town of
Lake City, under and by the virtue of the general
laws of the State of Florida, and the ordinances of
said town, on September 14, 1899, to determine
the question whether the said town should issue
$7,500 face value municipal bonds for the purpose
of street improvement; and at said election held
in the manner and under the safeguards prescribed
by said laws of Florida and the ordinances of said
town, at which election only the registered voters
of said town then residing therein who own real es­
tate therein and have paid their taxes for the last year
due thereon, were qualified and permitted to vote;
and two-thirds of the registered voters of said
town having the said qualifications and actually
voting in said election voted in favor of said issue
of $7,500 of said bonds for said municipal purposes;
and the result of said election was duly canvassed
and returned as provided by the laws of the State
of Florida and the ordinances of said town; and
whereas the amount of said approved issue of
bonds and all other indebtedness of said town do

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