HomeMy WebLinkAboutCHAPTER #30Chapter
An Or~inaace Providing for the Issuance and ~le of Interest
Be~rin~ Tlm~ ~r~'~nt~ to be ~ ~s ~lty of Se~atian,
Be It Ordained by the Ma~yor and City Council of the City
o~' Sebastian, Flo~ida~
Sec. 1. That under =nd by virtue o~' Chapte~ ii15§ of the
laws of Flo~ld~ =nd of Section 85 thereof~ Tt~ ~r~ta of the
Ol~ of Seb~%~n~ Flori~, in ~e ~gre~te s~ of Ten Thousand
~ld Ti~ ~arr~ts sh~l be n~bered 1 to 10 lncl~iv~
sh~tl be in deno~l~tioa of
19~6, ~n~ s~ll be ~ue one
Wa~ta shall be~ ~nte~est a~ the r~te cf ei~t ps= cent per
ann~.., lntereat ~ay~le
Sec. B. Both the .principal asa lntsre~t of s~i~ Tl~e Warr~nts
shall be p~ya~ mt the offt~e of the Olty Tr~$~e~ of the City ~f
Sec. ~. Said Time ~rr~nts shall be ~igned by the Mayor,
oountersi~e~ by the President of the Ott70ounall, ~nd
by ~e City Clerk, who ~hall affix the Olty
Time Warr:;~nts s~ll be in ~e follO~ fo~m, exoep%
0I?¥ OF
8 T,~& ?E S OF A~ E~ I Ct A
SEBASTIAN, FLORIDA
TIME WARRANT
No. 1 t ~ $1000,00~
THE OZTY OF 8EBAS?-iAN:, FLORIDA, ~ ~
hereby ~roml~es to ~7 ~o ~he ~ea~ar ~he ~ of
.... - .... O~E rHO~S~ D,~L~S ($1 ,~0) ......... -
on the ~Sth ~i~ of J~e, 19~7, with ~nterest thereon at the rate
of ~l~'h~ ~er cent ,~er ~nn~, payable seml~nn~ll~; both -~rinclpal
and interest ~'~ya~le at the offioe of the Clt~ Treas~er of th~ Oity
11155 of the Laws of Flori~, ~d ~n o=d. in~noe of ~e Oit~ of
Sebastian, ~orl~, duly ~dopted~ ~d it ~8 hereby
been ~y oo~plled with ~d th&t thi~ Time ~arr~n~
every debt and limit pre~or~e~ by ~,e Con~ti~uticn an~ lm~ of the
anJ attested 'by l'~s Clerk, this 25th ~ay of June,
(Corporate Seal)
Counterel~ned:
Bee. 4. The Time Warrants herein provided f~r may be sold
at private e~le, provided they ~re ~t ~old fo~ l-ess ~n p~r~ or
they ~y be mold ~ the hi~est bidder, after ~vertleemen~ for
two ~uoces~ive weeks Xn ~ newepapez ~u~l~hed In Indian R~ver ~ty,
Flor ldo. ~
shall Be u~:'~ for an~ ~c~ p~pose.
~ec. 8. It ah~ll ~e ~e ~uty of ~he City Oo~oXl to asoess
mn~ levy ~ ~x on the ~le property ~n staid city for the ~urpoee
of o~ning tnterea~ ~nd rmia~g ~ ~Xnking f~ forthe p~ent
of the Time W~rmn~a ~rovt~ed for here~n, which ~ ah~ll be levie~
m~ collected ~ the s~e ~nnar ~a other ~es.
~eo. 7. ~1 ~rdin~noes ~nd ~rt~ of or,in-noes In conflict
herewith ~re he~e~ repe~.
Sec. 8. ~ls OrVille s~ll be In f~l force ~ effect
p~ae~ b~ the OXY2 ~cil the
To the M~yor of the City of Sebastian, F19rld~l
I hereby certify that the fore~Xng Ordlr~noe w~ d~
Approved by ~e~ th~a ~l~t ~y of