Page 53 - 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 of the City of Lake City
50
Sec. 3. The issuance of bonds for various
purposes may be by said ordinance submitted 50/257
together or may be so submitted to the voters as
to permit the approval of the issuance of bonds for
certain purposes and the rejection of the pro­
position to issue bonds for other purposes, and in
such event the issuance of bonds for the purposes
approved by the electors and only for those pur­
poses shall be authorized.

Sec. 4. All laws and parts of laws in conflict
with or limiting any of the provisions of this Act,
are to the extent of such conflict hereby repealed.
Sec. 5. This Act shall take effect immediately.

Approved May 27, 1905.

CHAPTER 5815. (No. 220.)

AN ACT Validating Certain Obligations Contracted
for the sum of $43,200 by the City of Lake

City during the years 1906 and 1907, Authoriz­
ing said City to Issue Bonds for the Payment
of said Indebtedness, and Providing for the
Payment of said Bonds.

Whereas, At divers times during the years
1906 and 1907, the City of Lake City, borrowed
several sums of money aggregating Forty Three
Thousand, Two Hundred Dollars, and issued
evidences of said indebtedness in the form of bonds
or promissory notes for the payment of the money
so borrowed, due one year after date of each of
said obligations, with interest at the rate of eight
per cent, per annum after maturity, and the
different persons loaning said sums of money

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