O59-16ORDINANCE ~59-16
AN ORDIN.~[CE PROVIDING FOR THE SUBMISSION TO
THE VOTERS OF THE CITY OF BOYNTON BEACH., WHO
A_RE FREEHOLDERS, THE QUESTIOAT OF ISSUING M~TI-
CIPAL BUILDING BOKrDS AT A GENERAL ELECTION TO
BE ~LD IN ANI) FOR SAID CITY ON THE 1ST DAY
OF DECEMBE?~ 1959.
WHEREAS, the City of Boynton Beach does not at present have
a swimmim~ pool, and it is deemed advisable in the interest of the
public to build such a pool; and
WHEREAS, the Council of the City of Boynton Beach has here-
tofore estimated the cost of constructing a swimming pool and does
hereby estimate that it will cost not less than $160,000.00; and
WHEREAS, funds are not available for the purpose of construc-
ting a swimming pool, as hereinabove mentioned, and it will there-
fore be necessary to borrow money and in evidence thereof issue
bonds of the city, and before bouds can be issued the question of
issuing said bonds must be submitted to the electors of said city,
who are freeholders, and approved by a majority of the electors
voting on said question at an election called for that purpose,
or at a general election;
NOW, THER~ORE, be it ordained by the Comucil of the City of
Boynton Beach, as follows:
SECTION l: That it is hereby determined to be in the interest
of the City of Boynton Beach to construct a swimming pool, as here-
inabove mentioned in the preamble of the ordinance, and for that pur-
pose it will be necessary that the city borrow money and in evidence
thereof issue the bonds of said city.
SECTION 2: That there be borrowed by, for and on behalf of
said city the s~ of $160,000.00 for the purpose of paying the
cost of constructing a swimming pool, and that to evidence said
loan negotiable bonds of said city be issued, and that said bonds
be designated "Swimming Pool Bond Series A~, be one h~udred sixty
in number, numbered from i to 160, inclusive, be of the denomination
of $1,000.00 each, and mature in 20 years, aud bear interest from
date at a rate not to exceed five (5) ~ercent per ann~¥ payable
semi-annually.
SECTION 3: That the question of issuing said ~160,000o00
swimming pool bonds of said city, as hereinabove described in
Section 2 hereof, be submitted to the qualified electors of said
city, who are freeholders, at a regular election to be held. in
said city on the 1st day of December 1959 between the hours of
7:00 AoM~ and 7:00 P.M. of said day°
SECTIOM 4: That the ballot to be used at said election for
the purpose of submitting the question to the voters shall be in
substantially the following form:
OFFICIAL B LLOT
QL~ESTION TO ISSUE $!60 , 000 . 00 MUNICIPAL BUILDING BO~DS
(Instruction.to Voters: Place a cross
in the square opposite the word indicating
the way you desire to vote.)
Shall bonds in the amount of $160,000.00
be issued by the City of Boy.ton Beach
for the purpose of paying the cost of
constructing a swimming pool in and for
the City, maturing in 20 years and Bear-
ing interest at a rate not to exceed
five (5) percent as provided by Ordinance
#59-16 passed and adopted by the City
Council on the day of
entitled
rmmnance '#59-16
An Ordinance providing for the submission
to the Voters, who are Freeholders, of
the City of Boynton Beach, the question
of issuing 4160,000.00 M~icipai Building
Bo~~ds at a General Election to be held in
and for said City on the 1st day of December
1959. ~
FOR THE ORDI~AMCE
AGA!MST THE ORDIMA~CE
SECTiO~ 5: That this ordinance shall take effect
its ratification at a referendum election to be held on the Ist
day of December 1959, iu accordance with the provisions of the
Charter of the City of Boynton Beach for holdi~ag bond elections.
First reading this 19th day of October
, 1957.
Second, final reading and passage this ' 30th day of
October , 1959.
/,/:/~/ / j
Attested by: .... ~