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RESOLUTION
No, 63 - 35
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WHEREAS, the First National Bank of Clearwater, Florida"; is
Trustee of Construction Trust Fund Agreement dated December 22, 1960,
which Construction Trust Fund is derived from proceeds of the sale of
Utility Revenue Certificates, Series of 1960; and
WHEREAS, said First National Sank of Clearwater, Florida, is
also Trustee of Construction Trust Fund Agreement dated October 29, 1962,
which Canatruction Trust Fund is derived from proceeds of the sale of
Utility Revenue Certificates, Series of 1962; and
WHEREAS, Construction Trust Fund derived from proceeds of the
sale of Utility Revenue Certificates, Series of 1960, now has a balance
remaining of $1,315.$5; and
WHEREAS, said Construction Trust Fund derived from proceeds
of the sale of Utility Revenue Certificates, Series of 1960, now remains
inactive, it is deemed to be to the best interest and advantage of the City
that this balance in the sum of $1, 315.85 be transferred to the Construction
Trust Fund derived from the proceeds of the sale of Utility Revenue
Certificates, Series of 1962;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY
COMMISSION OF THE CITY OF CLEARWATER, FLORIDA,
IN SESSION DULY AND REGULARLY ASSEMBLED, AS
FOLLOWS:
1. That the sum of $1, 315. 85 be transferred from the Canatruction
Trust Fund by the First National Bank of Clearwater, Florida, Trustee
thereof of Construction Trust Fund Agreement dated December 22, 1960,
which Construction Trust Fund is derived from proceeds of the sale of
Utility Revenue Certificates, Series of 1960, to the Construction Trust
Fund of which the First National Bank of Clearwater, Florida, is Trustee
thereof of Construction Trust Fund Agreement dated October 29, 1962,
which Canatruction Trust Fund is derived from proceeds of the sale of
Utility Revenue Certificates, Series of 1962.
Reso. 63-35
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5-6-63
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2, That a certified copy of this Resolution bee delivered forthwith
to said Trustee, which said certlfied copy shall constitute thcs diractioss
of the City of Clearwater to said Tzustee to transfer the foregoing sum
directly to the Construction Trust 1•'und which is derived from proceeds of
the sale of Utility Rovonue Certificates Series ref 1962 forthwith in compliance
with Section 9 and other provisions of said Construction Trust Fund
Agreements.
PASSED AND ADOPTED this 6th day of May, 1963.
ayor»Commis sione
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