Page 159 - 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
Charter oj the City of Lake City
156
as may be necessary shall be used to assist in the
construction of. a High School building in said 156/257
City; provided that an amount equal to that furn­
ished by said City shall be appropriated by the
Board of Public Instruction of Columbia County,
Florida, to be used in the construction of such
building.
(E) The moneys arising from the sale of
Twenty-three Thousand Dollars of said bonds or
so much thereof as may be necessary shall be used
for the payment of the present outstanding indebt­
edness of the City; Provided however, That none
of said bonds shall be issued until after the issuance
thereof under the provisions of this order shall
have been approved by a majority of the votes
cast by the electors qualified to vote at a special
election which shall be held for that purpose on the
first day of August, A. D. 1905, in accordance with
this ordinance.

Sec. 2. The Mayor and City Council shall
levy and collect annually such special tax on the
taxable property within the corporate limits of
said City as may be necessary to pay the interest
on said bonds and to provide a sinking fund for
the payment of said bonds.
Sec. 3. Said bond shall be printed or engraved
with interest coupons attached, payable at the
end of periods of six months from the date of the
bonds. Said bonds shall be signed by the Mayor,
countersigned by the President of the City Council
and attested by the City Clerk and shall bear the
corporate seal of the City of Lake City, and the
coupons shall bear an engraved facsimile of the
signature of the City Treasurer. When said bonds

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