Page 21 - 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
18
Charter of the City of Lake City
the Mayor and Council are hereby authorized to
issue bonds of said municipality, and under the 18/257
seal of the corporation, to an amount not exceeding
twenty (20) per cent, of the assessed valuation
of all the property, both real and personal, within
said city as shown by the assessment roll, signed
by the Mayor, countersigned by the President of
the Council, and attested by the Clerk, with in­
terest coupons attached, which shall be signed in
like manner; Provided, however, That before said
bonds shall be issued the issuance of said bonds
shall be approved by an affirmative vote of a
majority of the electors voting for each purpose
separately at an election to be held for such pur­
pose or purposes, which election shall be regulated
by ordinance as to the manner of conduction and
certifying same, after the same has been advertised
for not less than thirty (30) days in a newspaper
published in said City of Lake City, and at which
election only qualified electors of said city who own
real estate or personal property in said city, and
have paid the taxes thereon last due, shall be allow­
ed to vote. Provided, further, That the Mayor and
City Council may and they are hereby authorized
to negotiate for the purchase from the owners
thereof any existing public utility that may
be in operation in said city under and by virtue of
any franchise heretofore granted for the purpose
of constructing and operating such utility or
utilities, under the terms of which said franchise
the right to purchase has been reserved to the city
or town, and to this end may appoint a committee
from the council in such number and manner
as shall be deemed best, of which committee the
Mayor shall be ex officio a member, and empower
such committee with full authority to open

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