O85-02ORDINANCE NO. 85. -~
AN ORDINANCE OF THE CITY COUNCIL OF
THE CITY OF BOYNTON BEACH, FLORIDA
AUTHORIZING THE ISSUANCE, SUBJECT TO
THE ELECTION HEREIN PROVIDED FOR, OF
NOT EXCEEDING $1,000,000 BONDS OF
THE CITY OF BOYNTON BEACH, FLORIDA,
FOR PROVIDING FUNDS, TOGETHER WITH
ANY OTHER AVAILABLE FUNDS, FOR PAYING
THE COST OF CONSTRUCTING AN ADDITION
TO THE EXISTING PUBLIC LIBRARY BUILDING
IN THE CITY OF BOYNTON BEACH, TOGETHER
WITH ANY EQUIPMENT AND FURNISHINGS
NECESSARY OR DESIRABLE IN CONNECTION
THEREWITH: AND DECLARING THAT THIS
ORDINANCE SHALL TAKE EFFECT IMMEDIATELY
UPON ITS ADOPTION.
WHEREAS, it is necessary that the City of Boynton
Beach construct an addition to the existing public library
building in The City of Boynton Beach together With any
equipment and furnishings necessary or desirable in connec-
tion therewith; and
WHEREAS, to pay all or a part of the cos~ of the
above, it is necesary to issue the bonds of the City as
hereinafter provided; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
BOYNTON BEACH, FLORIDA:
Section 1. For the purpose of providing funds,
together with any other available funds, for paying the cost
of constructing an addition to the existing public library
building in The City of Boynton Beach, together with any
equipment and furnishings necessary or desirablelin connec-
tion therewith, there shall be issued, subject to the
election hereinafter provided for bonds of the City of
Boynton Beach, Florida in a~ aggregate principal amount not
exceeding One million dollars ($1,000,000), maturing at such
time or times not exceeding thirty (30) years from their
date or dates as may be determined by the City Council, and
bearing interest at a rate or rates not exceeding the
maximum rate then permitted by law, and to be payable from
unlimited ad valorem taxes.
Section 2. A special election is hereby called to
be held on March 12, 1985 in conjunction with the regular
municipal election to be held on such date, for the purpose
of submitting to the qualified electors of the City the
question whether such bonds shall be issued.
Section 3. This ordinance shall be read in full
at two'separate meetings not less than ten (10) days apart
and shall at least seven (7) days prior to its passage on
second reading be noticed once in a newspaper of general
circulation in the City of Boynton Beach, which notice shall
state the date, time and place of the meeting at which this
ordinance will be passed on second reading, the title of this
ordinance, the place where this ordinance may be inspected
by the public and shall also advise that interested parties
may appear at said meeting and be heard with respect to thiS
ordinance.
Section 4. This ordinance shall take effect
immediately upon its adoption.
FIRST READING this ~ day of ~~ ,
1985. ~
SECOND READING and FINAL PASSAGE this /~day of
, 1985.
CITY OF BOYNTON BEACH, FLORIDA
ATTEST:
(Cor~ ~ Seal)
Mayor ~
Coati,Si 1 Member
~gufic~l 1 Member