05/25/1936
Ayes:
Mayor-Commissioner Green
Mr. Harsh
Mr. Baker
Mr. Ba tcheloX'
Mr. Barry
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MINUTES OF THE CITY COMMISSIOlf
:MAY 25, 1936
A regular ~eting or tbe city Oommission of the Oity of Clearwate~1
Florida, was held on the 25th day of Ma~, 1936~ at 7:30 o'clock P.M.
The meet1ng was called to order by the Mayor-Comm1ss1oner and upon
ro11 oa11 the fo~low1ng answered presents
Ha7or-Comm1ss~oner R. E. Green.
Oo~ssioners R. L. Baker, J. A. Barry, D.O.Batchelor and L.A. Marsh.
Comndssione~ Batchelor ~ntroduced the following ent~tled Resolut~on:
"RESOLUTION AUTHORIZING THE BEFUNDING OF THE OIfi'S OllTSTAlIDmG INDBB!l'ED-
NESS BY'THE ISSUANCE OF REFUlIDING BONDS AND DELINQUENT TAX NOTES~" wh1ch
was read in full rond after d~scuss1on thereof Commissioner Batchelor moved
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that the Resolut~on as read be adopted, which motion was seconded by
Oommissioner Marsh; upon roll cal~ the following vote W&S polled:
NaTS:
Tberaupon the Mayor-Oommissioner declared the Resolution dul~ adopted
None.
and signed the same as follows:
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RESOLUTION AUTHORIZING THE REFUNDING
OF THE CITY'S OUTSTANDING INDEBTEDNESS
BY THE ISSUANCE OF REFUNDING BONDS AND
DELINQUENT TAX NOTES.
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WHEREAS, the City of Clearwater has outstanding a bonded indebtedness
hereinafter more partioular1y desoribed aggregating in principal amount
$5,110,400.00, upon which unpaid interest has accrued to May 15th, 1936,
in the aggregate approximate amount of $750,000.00 and additional interest
thereon will oontinue to accrue; and
WHEREAS, a considerable part of ~ch indebtedness has matured and
the balance thereof and additional accruals of interest thereon will
mature in such amounts end at such times as to impose upon the City too
great a burden for it to meet, and it is in the interests of the City and
ita creditors that such indebtedness be readjusted and refunded; and -
WHEREAS, such indebtedness was incurred prior to January 1st, 1931,
and the holders thereof, by virtue of the laws in existence at the time
of incurring such indebtedness, have the legal right to require that
taxes for the payment thereof be levied on all property subject to taxation
at the time such indebtedness was incurred, including homesteads exempted
from taxation by the amendment ratified November 6th, 1934, adding
Section 7 to Zrticle X of the Constitution of Florida, and to require the
collection of guch taxes in cash at the same time and in the same manner as
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ot:ber taxes levied by the City and to otherwise enforce their claims and
the security therefor independently of any restrictions or limitations upon
the enforcement thereof enacted by the state Legislature since January 1st,
l~;1, and while a considerable number of such creditors are willing to
exten~ the maturity of their cla1n~ and agree to a reduction in interest
thereon, nevertheless they are not willing to so readjust and refund their
claims unless the refunding obligations issued in exchange therefor have
the same secUl'i ty and ara entitled to the same remedies and rights of
enforcement as existed prior to January lstl 19311 and now appertain to
said outstanding claims; and ~
VffiEREAS, in order to perndt of a readjustment and refunding that will
be acceptable to its creditors, the City deems it advisable and necess~
to authorize the issuance of refunding obligations under such terms and
conditions as will reserve to the holders thereof the rights, security
and remedies now available to them as holders of the City's present
outstanding indebtedness;
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NOW ft THEHEFORE. BE IT HESOL'ZE:q, BY THE CITY COMMISSION OF THE CITY
OF CLEARWATER3 FLORIDA:
SECTION I. It is hereby found and determined that prior to
November 12th, 192!~, the :following described obligations of the OitY' of
Clearwater were duly issued for municipal purposes other than city hall and
equipment, water- works and equipment, gas plant and equipment and parks of
said City, and now constitute valid outstanding indebtedness, for the paY".
ment of which all propert~ within the present territor1a~ ~iE1ts or the
City of Clearwater, exclusive of ~at certain property annexed to said City
by Chapter 10391 and Chapter 10394, Laws of Florida, 1925, and excepting
such property as was exempted from taxation by the Constitution of F1or~da
prior to November 6, 1934, is subject to tax~tlon without ~im1tat1on of
(Bonds issued by Town of C1earw ater)
Sewerage System Bond 4-1-10
City I~rovement Bond 10-~-12
Street Paving Bond ll-1-~
Sewer System Bond 11-1-14
Drainage Bond 11-1-~
Funding Bond 11-1-14-
(Bonds issued by City of Clea.rwater)
Funding Bond
Municipal Street Improvement Bond
l~icipal Improvement Bond
SECTION 20 It is hereby found and detel'mined that prior to
November 12th, 1924, the ~ollowing described obligations of the City of
Clearwater were duly issued for purposes of oit~ hall and equipment,
water works and equipment ~ gas plant and equipment and parks of s a:1d oi ty,
and now constitute valid outstanding indebtedness~ for the payment of which
all property within the present to:?:''!''itor1.aJ limlte or the City o~ Clearwater~
rate or amol.Ult, viz~
AMOUNT
TITLE OF ISSUE
$14,000.00
35,150.00
12,00,0.00
17,OOOQOO
5,000.00
11,000.00
36,960.00
28,000.00
14J.,000.00
3,000.00
3,000.00
3,000.00
6,000.00
6,000.00
J.,,000.00
8,900.00
Improvement Bond
Improvement Bond
Improvement Bond D
Improvement Bond E
Improvemalt Bond F
Improvement Bond G
Improvement Bond H
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DATE
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INTEREST RATE
5%
5%
5%
5%
5%
5%
4-1-16
11-1-19
4-15-22
3-1-23
2-1-23
4-1-23
5-1-23
7-1-23
8-15-2;
5-15-24-
5%
5%
'6%
6%
6%
6%
6%
6%
6~
6%
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exclusive of that certain property annexed to said City by Chppter 10394_
Laws of Florida, 1925, and exoepting such property as was exempted from
taxation by the Constitution or Florida prior to November 6th, 19~4, is
subject to taxation without limitation or rate or amount, t1z:
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AMOUNT
$24,000.00
1,850.00
8,000.00
3,000.00
10,000.00
5,040.00
8,000.00
30,000.00
4-5~000.OO
84,000.00
25,000.00
20,000.00
150,000.00
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TITLE OF ISS1J:E DATE INTERES'l' RATE
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( Bonds issued by Town of Clearwater) ','." '.r,
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4-1-10 5~ ..
Waterworks Bond
City Improvenwnt Bond 10-1-12 5%
Waterworks Bond 11-1-14 5~
Public Park Bond 11-1-14 5%
Water Front Bond 11-1-14 5~
( Bonds issued by City of Clearwater)
Fundin g Bond 4-1-16 5%
Park Bond 1-1-17 5%
Municipal Park Bond 5-1-20 6%
Municipal Park Bond 3--1-21 6~
Municipal Improv ement Bond 4--15~22 . 6%
Municipal Park Improvement Bond 12-1-22 6~
Municipal Park Bond 6-1-23 6~
Municipal Gas Bond 5...1-24 51-%
SECTION 3. It is hereby found and determdned that since
April 24th, 1925~ the following described obligations of the City of
Clearwater were duly issued for municipal purposes and now constitute
valid outstanding indebtednessl for the payment of which all property
within the present territorial limits of the City of Clearwater, excepting
such property as was. exempted from taxation by the Constituti?n of Florida
p~ior to November 6th, 1934, is subject to taxation without limitation
of rate or ~~ount, viz:
AMOUNT TITLE OF ISSUE DATE INTEREST RATE
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(Bonds issued by City of Clearwater)
$348,000.00 MW'licipa1 Improvement Bond 7-1-25 5i~
7,8,000.00 Municipal Improvement Bond 5-1--26 6cf,
381,000.00 Municipal Improvement Bond 9-1-26 6%
361,000.00 Improvement Ref'unding Bond 6-1-27 5~
1.88~ooo.OO Improvement Ref'und:1ng Bond ;-1-28 5i%
;00,000.00 Improvement Ref'und:1ng Bond 6-1..29 6%
1.28,000.00 Impl'ovemen t Ref'und:tng Bond ;-1-30 6%
50,000.00 Improvement Bond Bel'iea A 6-J.-25 6%
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373,000.00
91000.00
38:1000.00
391000.00
279..000.00
6..500.00
34~ooo.oo
533..000.00
J.4.. 000.00
54..000.00
97..000.00
79..000.00
7~,ooo.00
2..000.00
241.000.00
6%
6%
6%
6~
610
6%
6%
5-1%
6%
6%
6%
6%
6%
Improvement Bond Series B
Improvement Bond
Improvement Bond
Improvement Bond
Improvement Bond Series C
Improvement Bond Series A-l
Improvement Bond Series A-2
Improvement Bond Series D
Improvement Bond Series B-1
Imprcvement Bond Series E
Improvement Bond Series B-2
Improvement Bond Series B-3
Improvement Bond Series B-~
Improvement Bond Series F
Improvement Bond Series 0-1
10-1..25
8-1-25
10-15-25
12-1-25
12-1-25
,-J.-26
8-J.-26
5-J.-26
8-J.-26
10-J.-26
1-1-27
4-1-27
5-1-27
11-1-27
12-1..27
6%
6%
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SECTION 4. RDrunding Bonds, Series A, in the prinoipal ~unt o~
$4,365,5000001 are hereby authorized to be issued ror the purpose of
~efundtng the principal of ~e bonds set forth in Section 3 hereof. T~es
suf~icient to produce the sums required for the payment of p~incipal ~d
interest of said Refunding Bonds, Series AI will be levied upon all
property within the present territorial ~i~ts of the City o~ Clearwater
which was not exempted ~rom taxation by the Constitution of Florida as it
existeu immediately prior to November 6th, 1934:1 and all o~ suoh property
shall be subject to the specific t~ lev~es hereinafter directed to be made.
SECTION 5. RefUnding Bonds, Series B, in the principal amount o~
$41;,890.00, are hereby authorized tO,be issued for the purpose or refunding
the principal of the bonds set forth in Section 2 hereof. Taxes sufricient
to produce the SU1JlS requiI'ed for the payment of principal and interest o:f
said RefUnding Bondsl Series B, will be levied upon all propel~ty within
the pr6sent ter~itorial limits of the City of Clearwater, exclusive of
that certain property annexed to said City by Chapter 10394, Laws o~
Flcrida. 1925, which was not exempted fronl taxation by the Constitution of
Florida a.s it existed immediately prior to November 6th, 1934, and all;: ($f
suoh property shall be subject to the specific tax levies hereinafter
directed to be made.
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SECTION 6. RefUnding BOnds, Series C, in the principal amount or
$'31,010.00, are hereby authorized to be issued for the purpose of refUnding
the principal of the bonds set forth in Section 1 hereof. Taxes sufficient
to produce the sums required for the payment of principal and interest of
said Refunding Bonds, Series C, will be levied upon all property w1t~n the
presont territorial limits of the City of Clearwater, excluaive of that
certain property annexed to said City by Chapter 10391 and Chapter 10394,
Laws of Florida, 1925, which was not exempted from taxation by the
Constitution of Florida as it existed immediately prior to November 6th, 1934,
and all of such property shall be subject to the specific tax levies
hereinafter directed to be made.
SECTION 7. All of ~aid refunding bonds shall be dated July 1st, 1936,
and shall mature July 1st, 1966, subject to redemption on any interest
pa'YIllent date prior to maturity upon payment of' the par value thereof and
accrued interest to the date fixed f~ redemption. In the event the City
should desire or be required, as heI'einafter set forth, to redeem said
bonds prior to maturity, the particular bonds to be redeemed shall be
determined by lot and shall be redeemed only after notice of redemption
setting farth the numbers of the particular bonds to be redeemed and the
date fixed for redemption shel~ have been published in a financial newspaper
published in the City of New York, N. Yc, once a week for four consecutive
~a1endar weeks~ the date of the first publication of such notice to be at
least sixty days prior to the date fixed for redemption. Said refunding
bonds shall bear interest at the rate of two per centum per annum to
July 1st, 1941; at the rate of two and one-half per centum per annum to
July 1st, 1944; at the rate of three per centum per annum to July 1st, 1948;
at the rate of four per centum per annum to July 1st, 195,; and at the rate
of five per centum per annum thereafter and until maturity of said bonds.
Interest upon said rerttnding bonds shall be payable semi-annually and aha11
be evidenced by interest coupons to be attached thereto. Both principal
and interest of said refullding bonds shall be payable in lawful money of
the United States of America at Chase National Bank, New York City, N. Y.,
and said refunding bonds shall contain provisions for their registration
as to prinCipal alone or as to both principal and interest. Refunding
bonds of each series shall be issued in denominations of $1000.00 each
and such other denominations as may hereafter be determined to be
necessary to effect such refunding.
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The City at its option m~ay require all tenders of refunding bonds to be
accompanied by a certified check of not exceeding one par cent of the
amount of refunding bonds so tendered to evidence the good faith of the tender.
In the event moneys in the sinking fund shall acc'UlllUlate to the amount
o~ $10,000.00 or Dore and remain on hand for more than six months, not-
withstanding the fact that the City has made all oalls for tenders of
refunding bonds as required herein, the City covenants that such mane~8
~ll be applied to the redemption o~ refunding bonds to be selected by lot
in an 8.lllount suf'ficient to exhaust such moneys upon the first interest
payment date thereafter occurring, provided that if such interest pay.ment
date should occur within a period of time less than that ~or which notioe
of redemption must be given, plus fifteen days, said moneys wi11 be held
as a special fund to be app1ied solely to the redemption of refunding bonds
upon the next succeeding interest payment date. Any wnd all redemptions
too t may be made as required by this paragraph will be made in accordance
with the terms and provisions set forth in the refUnding bonds ~d in this
resolution, whereby the City ~eBerves the right to redeem said refunding
bonds prior to their maturity.
All refunding bonds purchased or redeemed by the City wil~ be
clUlcelled immediately upon thei:r surrender to the City. The Oi ty wil1 not
purchas e any refunding bonds if and while it may be in defaul t in the
pa:ym.ent 01' interest on any refunding bonds unless tenders thereot' sha1l
have been accepted prior to such default, and then it may purchase on~y the
bonds covered bw such tenders.
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UNITED STATES OF A1lliRICA
STA.TE OF FLORIDA
CITY OF CLEARWATER
REFUNDING BOND
ISSUE OF JULY 1, 19;6
SERIES
SECTION 9. The rof'und.1ng bonds herein author:tzed to be issued shall
be signed by the City 1~ager and City Auditor and Clerk of the City of
Clearwater and countersigned by the Mayor-Commdssioner and the corporate
seal of tha City of Clearwater shall be affixed thereto. The interest
coupons thereto attached shal~ be executed with the fac-simile s:tgnatUJ'e of
sa:td City Auditor and Clerk. The text of said bonds shall be in the
following form, with the additional reoitals hereinafter prescribed for eaeh
series incorporated therein where space is provided therefor:
No.
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The City of Clearwater, in P1nellas County, l~or1da, 1s
justly indebted and for value reoeived hereby promises to pay to bearer,
or i~ this bond be registered, to the registered owner hereof, on the
first day of July, 1966, the principal Bum of
DOLLARS ($
togother with interest thereon from the date
hereof at the rate of two per centum per annum to July 1, 1941-; thereafter
at the rate of' two and one-halt' per centum per annum to .ruly 1, 1944;
thereaf'ter at the rate of thre e per centum per ann"Ulll to July 1, 1948;
thereaf'ter at the rate of four per centum per annum to July 1, 195;, and
at the rate of' five per cen~ per annum tl~reafter and until the
maturity hereof, said interest being pswable semi-annually on the first
days of' January- and July in each. year. Both prinoipal and interest
hereof are payable in lawful money o~ the United States of America at
Chase National Bank in the City of' New York, N. Y., upon presentation
wnd surrender of this bond and the interest coupons hereto attached as
they severally mature.
This bond is issued under the a-u.t}:-l..ori ty of and in f'ull compliance
with the Constitution and statutes of the state of F1orida~ lnc~uding the
Charter of the Oi ty of Clearwater, and pursuant to a Resolution passed
by th.e City Commission of said City of Clearwater, for the purpose of
The City of Clearwater hereby reserves the right to redeem tbis
bond on any interest payment date upon payment of' par and accrued interest,
and agrees that it will apply the sinking fund created by the resolution
authorizing the issuance of' this bond to the redemption of the bonds ot'
this issue at par and accrued interest by lot whenever suoh sinking fund
wmounts to $10,000.00 or more, and is not used for the purchase ot' bonds
of' this issue at less than par and not reserved to so acquire such bonds
under then published notice, in the manner more particularl~ prescribed
by the resolution authorizing the .issuance of this bond. In the event this
bond is so called f'or redemption, notice thereof shall be pub~1shed in a
finan~ia1 newspaper published in the C1. ty of New York~ 1~. Y., once a week
for faur consecutive calendar weeks~ the date of first publioation to be at
least sixty days prior to the date fixed for redemption. If this bond
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shall not be presented for pa.yment on the date so i'ixed for redemption,
~t shall oease to bea.r interest from and after said date, The sinking fUnd
provided for said bonds may also be used in the p\U'ohase thereof' in
aocordance with the provisions of the resolut~oll authorizing their issuance.
It is hereby certified and recited that all acts, conditions and
things required to happen, exist and be perf'ormed, precedent to and in the
issuance of this bord, have happened, exist and have been performed in due
time, form and manner as required by the Constitution and laws of the
state of Florida; that the total indebtedness of said City, including this
bond, does not exceed, and that the to.tal indebtedness of said Oi ty- at
the creation of the indebtedness re~unded hereby, including said indebtedness,
did not then exceed, any oonstitutional or statutory lindtatlon thereon.
The City of Clearwater covenants with the holder of ~is bond that
for the payment of the principal and interest thereof it will levy taxes
in an amount sufficient to provide there~or upon
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exoepting that property which was exempted from nnmicipal taxation by
the Constitution of Florida as it vIas in f'orce and. effect. lnunediately
prior to November 6, 1934. The City further covenants that all taxea
levied for the payment of the principal and tnterest hereof', including
taxes upon homesteads, will be collected in cash at the same time and
in the same manner as operating and governmenta.l a.d valorem texes levied
by said City, and the rights and remedies for the enforcement of' tae
indebtedness refunded hereby shall appertain to this bond and the taxes
secul~ng the same independently of any restriotions or limitations thereon
enacted by the Legislature of' the state of' Florida sinee January lst~ 1931.
This bond lnay be registered as to principal alone ~d as to both
principal and interest, in accordance with the p:rovisions endorsed 1:hereon.
..
IN VITTNESS ~rrmREOF, said City o~ Clearwater has caused this bond
to be signed by its City Manager and City Auditor and Clerk under its
corporate seal, and countersigned by its Mayor-Commissioner and the
interest coupons hereto attached to be executed with ttw rae-sinnle
signature of said City Auditor and Cler~, a11 as of the first day of
July; 1936,
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Ci ty 1v1a.nager
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COUNTERSIGNED:
. Oi ty Auditor and Clerk
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(VALIDATION CERTIFICATE)
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Validated and confil'med by decree of the Circui t Court of the
Sixth Judicial Circuit of the State of Florida in and for Pinellaa County,
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Clerk of sald Circuit Court.
(PROVISIONS FOR REGISTRATION)
This bond may be registered in the name of the holder on books to
be kept by the City Auditor and Clerk as Registrar, as to principal only,
such registration being noted hereon by such Registrar in the registration
blank below, after which no transfer shall be valid unless made on slid
books by the registered holder or attorney duly authorized and siw~larly
noted in the registration blaru{ below, but it may be discharged from
registration by being transferred to bearer, a~ter which it shall be
transferable by delivery, but it may be again registered as before. The
registration o~ this bond as to principal shall not restrain the
negotiability of the coupons by delivery merely, but the coupons may be
surrendered and the interest made payable only to the registered holder~
in which event the Registrar shall note in the registration blank below
that the bond is registered as to interest as well as prlnclpal. With
the consent of the holder and of the City of Clea.rwater, this bond when
converted into a bond registered as to both prinoipal and interest may be
reconverted into a coupon band and aga.in converted into a bond registered
as to both principal and interest as hereinabove provided. Upon recon-
version of this bond when registered as to principal and interest into a
coupon bond, new coupons representing the interest to accrue upon the
bond to date of maturity shall be attached hereto by the Registrar, and the
Registrar shall note in the registration blank below whether the bond is
registered as to principal only or payable to bearer.
DATE OF IN l1lliOSE NAME
REGISTRATION: REGISTERED:
MANNER OF
REGISTRATION':
SIGNATURE OF
REGISTRAR:
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(FOR~ OF COUPONS)
NO.
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On the first d,ay of
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, the City ot Claarwater~
Dollars
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Florida, will pay to the bearer the sum of
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Chase National Bank, City of New York, N. Y. being six months' interest
then due on its Refunding Band Issue of July 1, 19,6. Series
dated July 1, 1936, No.
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City Auditor and Clerk.
Series A ref'und:tng bonds shall recite they are issued
"for the purpose of' refunding a like amount of vaJ.id
subsisting bonded debt of said City for the payment
of which the City was obligated to levy taxes upon all
property within its present territorial limits whdoh was
subject to taxation under the Constitution and laws of'
Florida. as they existed prior to 1iovember 6;, 1934",
and that the City will levy taxes sufficient to provide for the
payment o~ principal and interest thereof
"upon all property w:tthin the present terri tor.1a~
limits of said City.1I
Series B refunding bonds shall recite they are issued
It for the purpose or refunding a like a:mount of valid
subsisting bonded debt of said Oi ty ~or the pey-mant of
which the City was obligated to levy taxes upon a11
property within its present territorial 1imits which
was subject to taxation under th~1 Constitution and Laws
o~ Florida as they existed prior to November 6, 1934~
excepting only that certain prope~ty annexed to said
Ci ty by Chapter 10394., LaVIS of' Florid.a, 1925"
and that the City will levy taxes sufficient to provide ~or the
payment of' principal and interest thereof'
"upon all property within the present territorial limits
of said City~ excepting that certain property annexed
to said City by Chapter 10394, Laws of Florida, 1925, and"
Series C refUnding bonds shall recite they are issued
lIfor the purpose of refunding a like amount of valid
subsisting bonded debt of' said City for the payment
of' which the Oi ty- wa.s obligated to levy taxes upon
all property within its present territorial li~ts
which was subje~t to taxation under the Constitution
and laws of Florida as they existed prior to November
6, 1934, ex~epting only that certain property annexed
to said City ~ Ch~pters 10391 and 10394, Laws of
Flor19-a, 1925"
and that the Oity will ~evy taxes sufficient to provide for the
payment of principal and interest tbereo~
"upon all prope rty Vii thin the pres ent tern toria.l
J.i~ts o~ said CitYJ excepting that certain property
annexed to said City by Chapters 10391 and 10394~
Laws of Florida~ 1925, and II
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SECTION 10. There is horeby directed to be annually lE:lvied and
collected, as long as an~ refunding bonds ma~ be outstanding. a separate
and special tax suffici ent to produce the sum required for the payment
of interest upon said refUnding bonds as that interest matures; provided,
however, that in the fiscal years 1936 to 1941, inclusive, the tax to be
levied :Cor the payment of' interest on said refunding bonds shall in no
event be less than ~~OO,OOO.OO for each of' such years. In determining
the rate of' tax necessary to be levied in the fiscal year 1942 and in each
fiscal year thereafter, for the purpose of producing an ~ount sufficient
to p~ the interest on said refunding bonds, the average percentage of
collectibility of taxes during the three years immediately preceding each
Y'e~ in which such levy is made shall be deemed to be the percentage of'
collectibilityof taxes for the fiscal year then being levied for, and
such rate of tax shall be lev:ted which will be sufficient to produce the
amount required for the payment of such lnt erest upon the assumption that
during such fiscal year the percentage of collectibility will be the swme
as the average for the three years immediately preceding; prOvided further
that in the fiscal years 1942 to 1944, inclusive, the amount of tax to be
le~ed for the purpose of' pay1.ng interest on the refunding bonds shall in
no event be less tllan $200,000.00 in each of such fiscal years. Interest
maturing in anY' fiscal year shall be levied for and included in the taxes
~mposed for the fiscal yea:r immediately preceding. The proceeds of such
taxes and the proceed~ of all debt service taxes levied for the years
193~ and 1935 will be paid into a special fUnd which will be used solely
for the payment of' interest upon said refunding bonds, except as herein-
after directed, provided that taxes lened in the terri tOI'y annexed to
the City by Chapter 10391, Laws of 19251 shall be applied only to the
payment of iniierest on Series A and Ser:1es B refunding bonds, and texes
levied in the territory annexed to the City by' Chapter 10394-, Laws of 1925,
shall be applied only to the payment of interest on Series A refunding bonds.
SECTION II. There is hereby directed to be levied and collected for
the fiscal year 1945, and for each fiscal year thereafter until said
refunding bonds are paid, a separate and special tax suf'f'icient to produce
in each of such fiscal years the sum of not less than $lOO~OOO.OO, and in
determining the rate of tax necessary t"o!' this purpose the average per-
centage of collectibility of taxes during the three years i~dlately
preceding each yeeJ:' in which such levy is IDade shaJ.l be deemed to be the
percentage of collect1bility of' taxes for the fiscal year then being
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levied for, and such rate of tax shall be levied which will be sufficient
to produce $100,000.00 upon the assumption that during suoh fiscal year the
percentage of colleotibil~ty will be the same us the average for the three
years ~mmediately preceding. The prooeeds of suCh tax will be paid into a
special fund to be maintained as a sirudng rund for the payment of the
principal or the refunding bonds in the manner hereinbefore set forth and
sball be used for no other purpose .
SEC'.rIOl~ 12. In addition to the noneys hereinbefore requi red to be paid
into the sink~ng fund for the refunding bonds~ there will also be paid into
suoh s:tnking .fund all moneys produced by the levy of the llIirdmum tax
required to be Dlade f'or the payment of int erest on such refunding bonds
which may be ~n excess of all interest requiremEll ts for which such levy was
made and' the next succeeding semi-annual interest installment. The payment
of such excess noneys into the s~nking fund for the refunding bonds wi11 be
made upon the last day of each fiscal year. Such moneys will be used solely
for the retirement of' refunding bonds by purchase, ca.ll or payment in the
same manner as other moneys in such sinking fund are required to be applied.
8ECTIO~ 13" If ~m when the City shall increase its annual tax levy for
general ~intenance and operating expenses over the sum of $100,000.00 prior
to the reduction of' its bonded indebtedness to ~~~500,000.00 or less, the
City covenants that it will also levy an additional t~~ of $1.00 for each
dollar or such increase, and during ea.ch year in which the tax levy for
genera~ rna~ntenance and operating expenses shall exceed ~e sum of
$100,000.00 the Oity w~ll continue to levy such additional tax in suCh ratio
to the increase in general maintenance and operating taxes. The proceods
of such additional tax will be paid into the sinking fund for the refunding
bonds ana used solely for ttw retirement of such refund~ng bonds by pur-
chase" call or pa'YIIlent in the same manner as other moneys in such sinking
.fund are required to be applied.
SECTION 14. All tmpaid interest accrued to July 1, 1934-, on the out-
standing bonds to be refunded hereunder" whether or not represented by
interest coupons, shall be refunded by the issuance of delinquent tax notes
~n an amount equal to the amount of interest refunded thereby. Delinquent
tax notes shall be issued in three series. Series A delinquent tax notes
shall be issued to refund that part of such interest accrued on the bonds
described :i.n Section 3 hereof and for the payment thereof taxes at the
times and at the rate hereinafter prescribed will be levied on all property
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within the present territoI'ial limits of the CitY. whioh was not ex:emp'~ed
from taxat~on by the Constitut~on or Florida as it existed immediately prior
to November 6, 1934. Ser~es B delinquent tax notes sha11 be issued to refund
that part of such interest accrued on the bonds described in Seotion 2 hereof
and for the payment thereof taxes at the times and at the rate hereinafter
presoribed wi11 be levied on all property within the present territorial
limits of the City, exc1uslve of that certain territory annexed to the c~ty
by- Chapter 10394, Laws of 1925, which was not exempted :Cram taxation by the
Constituti6n of Florida as it existed ir~ediately prior to ~ovember 6, 19;4.
Series C. delinquent t~ notes shall be issued to refund that part of such
interest accrued on the bonds described in Section 1 hereof and for the
payment thereof taxes at the tirr~s and at the rate hereinafter prescribed
wi.ll be levied on all property wi thin the present terr1to:ria1 limits or the
City, exclusive of that certain territor,y annexed to the City by Chapters
10391 and 10394" Laws of' 1925, whioh was not exempted from taxation by the
Constitution of Florida as it existed immediately prior to November 6, 19;4.
Said delinquent tax notes shall be issued in registered form>> sha11 be dated
July 1, 1936, shall bear no interest god shall have no de~inite maturity date,
but shall be ~edeemable in whole or in part at any time by ~e City on or
before July 1>> 1938, at twenty per cent or the face value thereof wnd at any
t~n~ the:rea:Cter at twenty-f'ive per cent of the ~ace value thereof.' For the
pay-men t or so.id notes there is :bereby sp ecially pledged al1 unpaid taxes
levied for the year 1930 and pr10r years and all special assessments at any
time heretoro:re imposed now remaining unpaid, and the City covenwnts that in
addition tl~reto and for the fisoal year 1939 and ~or each fiscal year there-
e.~ter, while any of Bald notes are outstanding, it will levy a special tax
o:f IX) 't les s than two mills upon all property wi thin said C1 ty sub je ct to
taxation, including homesteads, the proceeds of mlich are hereby pledged to
the payment of said notes. The City covenants that the proceeds or said
delinquent taxes, unpaid special assessments and special tax levy will be paid
into a speoial fund and applied s01e1y to the redemption of such notes,
provided that such part of the said :fund resulttng from the collection of
t~es i~osed in the territory- annexed to the City by Chapter l039~,
'"
Laws of 1925, shall be used for the redenption o~ only Series A de1inquen~
tax notes and such part of the said fund resulting from the collection of
t~as imposed in the territory annexed to the City by Chapter 10;9J., Laws
of 1925, sha~l be used for the redemption of only Series A and Sar~es B
de11nquen~ tax notes. The City rurther covenants that whenever there shall
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be in such fund (~25, 000.00 or more, it will illIllediately disburse such fund
in the redenption of such notes by paying to each registex'ed owner of ~uch
notes that proportion of such fund which is equal to the ratio that the
unpaid faco amount of such ov~er's notes bears to the total unpaid ~ace
wnount of all outstanding notes, and will give to the registered owners of
notes'not1ce that such payment vdll be made thereon. Notice of redemption
shall be given to the registered owners of said notes by mailing such notice
to them at their addresses appearing upon the books o~ the Registrar of the
City, and such notice shall state the proportion o~ the face amount o~ such
notes to be so redeen~d and the amount to be paid in redenption thereof.
In the event that any of said notes shall be paid in part only, they shall
be presQnted to the City for endorsenent thereon of a statement of the portion
or the face amount ther eof so pal d and the amount of cash actually paid
thereon" and upon final payment of any of s aid no tes they shall be surrendered
to the City and cancelled by it. Said delinquent tax notes shall be issued
in such denominations as may be equaJ. to the amount of accrued interest owing
each creditor, or in such denominations as may be agreed upon between the
City Auditor and Clerk and each creditor, and the notes of each series shall
be numbared consecutively ~rom 1 upwards. Said notes shall be transferable
only upon the books of' the City Auditor and Clerk as Registrar of the City
or Clearwater and shall be payable in lawful money of the United states of
Armrlca at the o~fice of the City Treasurer in the City of Clearwater" Florida.
Upon retirement of a.ll delinquent t~ not es or the setting apart of sufficient
:funds to make such retirement, the proceeds of all taxes and special
assessnwnts pledged to such notes will thereafter be paid into the fund
herein provided for the payment of interest on the rei'unding bonds and
applied in the same manner as other moneys in such fund are required to be
applied.
SECTION 12. The delinquent tax notes herein authorized to be issued shall
be signed by the City Manager and C1 ty Auditor and Clerk o~ the City of.
Clearwater and countersigned by the Mayor Connnissioner and the corporate seal
of ~e City of Clearwater shall be afrixed thereto. The text of said notes
shall be in the following ~or.m vdth the additional recitals hereina~ter
prescribed ~or each series incorporated therein where space is provided therefor:
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UNITED STATES OF AIlliRICA
STATE OF li'LORIDA
CITY OF CLEARWATER
DELINQ,UEN~l TAX NarE
ISSUE OF UULY 1, 19;6.
SEnTI: S
NO.
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The City of C1e~vater in Pinellas County~ Florida, is justlJ indebted
to the registered owner hereo1' in the sum of :~
for value received
and hereby promises to pay to the registered owner hereo1', as and when ~unds
are available for such payment, twenty-five per centum of said ano~t~ and
the registered ovmer agrees to accept such payment or twenty-five per centum
as co~lete satisraction and discharge or the indebtedness represented by
th:ts note, provided that the Oi ty reserves the right to pay thi s note on
or berore JuJ.y 1, 19~8" at twenty per centum of the amount of indebtedness
represented hereby ~d the registered owner hereof agrees to accept suoh
pa~wnt of twenty per centum as complete satisfaction and discharge of saia
indebtedness if made on or before July lst~ 1938. Payment hereof shall be
made in lawful. money o:f the Un! ted sta.tes of America at the o1'.fice of the
City Treasurer in the City of Clearwater~ Florida, at one time or 1'rbm time
to tiIne in part on the basis above prescribed and if partial payment is made
hereon, this note shall be presented at the pla.ce of payment for endorsement
hereon or the part paid and the amount paid in discharge thereof.
For the payment of this note and the issue of' which it is a part~ there
is hereby pledged all taxes levied for the year 1930 and prior years
reIl1B.ining unpaid at the time of issul?-'ce 01' this note. and all special
assessments remaining unpaid at the time of issuance 01' thts note and
theretofore imposed upon property within the Oi ty, and to further seClJre the
pa.yment thereof the City covenants that for the :Ciscal year 1939 and for
ea.ch fiscal year therearter it will levy a special tax of ru:rt less than two
lllil:Ls upon
ex.cepting that property which was exempted :Crom municipal taxation by the
Constitution of Flo~da as it was in force and effect In~ediately prior to
November 6, 1934. The City further covenants that all taxes levied ror the
payment of this note, incluctl.ng taxes upon homesteads~ will be collected
in oash at the same t1.me and in the same manner as operating and governmental
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ad valorem taxes levied by said 01 ty ~ arx1 the rights and remedies f'or the
en~orcement o~ the indebtedness re~ded hereby shall appertain to this
note and the taxes securing the s~e independently of any restrictions or
liDdtations thereon enacted by the Legislature of ~e State of' Florida
since January 1, 19,1.
The City covenants that the proceeds of' sa~ delinquent taxes, unpaid
special' aseessmen ts and special tax levy will be paid into a special fund
and applied solely to the redemption o~ this note and the issue of whioh it
is a part and further covenant s that whenever there shall be in such .f'und
~~5,000.00 or more, it will immediately disburse such fund in ~edemption
of this note and the other notes of the issue of which it is a part by
paying to each registered owner of' such notes that proport:lcn of' such fund
wh:tch may be equal to the ratio that the unpaid :face amount of such owners I
notes bears to the total unpaid face amount of all outstanding notes entitled
'to payment therefrom and will give to the registered owners of such notes
notice that such payment will be made thereon. Notice of redemption will
be given to the registered owners o~ such notes by ~ling such notice to
them at their addresses appearing upon the books of ~e Registrar of ~e
City and such notice will state the proportion of'the face amount of notes'
to be redeemed and the amount to be paid in redenption thereof.
This note will be received by the City of Clearwater in payment of an
8lI1ount of taxes levied ~or the year 19,0 and pl~ior years and special
assessment s heretofore imposed equal to the unpaid face alllOunt of thi s
note, provided that it will be accepted in payment of such delinquent taxes
on~y upon the condition that the then current taxes on the s B.IlI3 property-
are paid in cash simultaneously therewith or prior thereto.
This note is issued for the purpose of refunding in.terest upon valid
outstanding bonds of the City of Clearwater~
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This note is issued under the authority or and in ful~ compliance with
the Constitution and statutes of the State of Florida, including the
Charter of the City of Clearwater and pursuant to a resolution passed br
the City Commission of said City of Cleanvater.
It is hereby certified and recited that all acts, conditions and tldngs
required to happen, exist and be performed, precedent to .and in the
1::lsuance of this note, have happened, exlst and have been performed in due
t1me~ form and manner, as required by the Oonstitution and laws of' the
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state of Florida; that the total indebtedness of said City, ineluding this
note~ does not exceed~ and that the total indebtedness of said City at ~e
creation of the indebtedness refunded hereby6 including said indebtedness,
did not then exceed6 any constitutional or statutory limitation thereon.
IN 'fiTNESS WHEREOF, said City of C1earwater has caused this note to
be signed by its City Manager and City Auditor and Clerk under its e~porate
seal and eountersigned by its Mayor COmnUssioner as of the 1st daT of
July. 1936.
City Manager, City of Clearwater, Florida
Ci tT Audit or and Clerk, City ~1'
Clearwater~ Florida.
COUNTERSIGNED:
Mayor-Comndssiener, City o~ C1earwater
FIends..
(VALIDATION CERTIFICATE)
Validated and ccnfirmed by decree of the Circuit Court of the
Sixth Judicial Cirduit o~ the state o~ Florida in and for pinellas County~
rendere9.
, 19
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Clerk of said Court.
(PROVISION FOR REGISTRATION)
No transfer of this note shall be valid un1ess made on the beo,ks of
the Cit~ Auditor and C~erk as Resistrar of the City of Clearwater by the
registered owner or attorney duly authorized wad similarly noted in ~e
registration blank below.
DATE OF REGISTRATION:
IN WHOSE NAME REGISTERED:
SIGNATURE OF
REGISTRAR:
(RECORD OF PAYMENTS)
Pursuant to the terms of ~~note, the following payments have been
made hereon:
FACE AMOUNT
DATE OF PAY1llE1!1: AMOUNT OF Ci~SII PAID: DISCHARGED:
SIG NA TURE OF
REGISTRAR:
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and that such notes are issued for the purpose of refunding interest
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Series A notes shall recite that the City will levy a special tax
or not leas than two mills upon
"all property within the present terri torial limits
of said City"
upon
valid outstanding bohds of the City
"1'01" the payment of which the City was obligated
to le~l taxes upon all property within its present
territorial limits which was subject to taxation
Ullder the Constitution and Laws of Florida as they
existed prior to November 6, 1934".
Series B notes shall recite that the City will levy a
special tax of not less than two mills upon
"all property wi thin the present territorial lindts
of said City, excepting that certain property annexed
to said City by Chapter 10394, Laws ofwFlorida, 1925,
and"
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and that suoh notes are issued for the purpose of refunding interest
upon valid outstanding bonds of the City
"for the payment of which the City was obligated
to levy taxes upon all propert~. within its present
territorial limits which was subject to taxation under
the Constitution and laws of Florida as they existed
prior to November 6, 1934, exoepting only that certain
property annexed to said City by Chapter 10394, Laws
of Florida, 1925 ".
Series C notes shall recite that the City will levy a
special tax of not less than two mills upon
"all prop'9rty wi thin the present terri torial 1imi ts
of said City, excepting that certain property annexed
to said City by Chapters 10391 and 10394, Laws of
Florida 1925, and "
and that such notes are issued for the purpose of refunding interest
u.pon valid outstanding bonds of the City
"for the payment of which the City was obligated to
levy taxes upon all property within its present
territorial limits which was subject to taxation under
the Constitution and laws of Florida as they existed
prior to November 6, 1934, excepting only that certain
property annexed to said City by Chapters 10391 and
10394, Laws of Florida" 1925."
SECTION l~. All tax levies required to be made hereunder for the,
purchase, payment or redenption of the refunding obligations authorized
hereby, shall constitute special levies for the particular purposes for
which they are imposed. Such tax levies, while constituting special levies,
will be collected at the same time and in the same manner as other taxes
which lOay be levied by the City and upon collection will be immediately
segregated and credited to the proper funds as hereinbefore provided. The
City covenants that it will set aside daily out of tne prooeeds of its tax
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collections", including the monoys deri ved from the sa.le or transfer of' tax
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certificates and t~ deeds~ the proper proportionate amount thereof
a.pplicable to the pu.rchase~ payment or rodenption of the refunding obligations.
All moneys so credited to such special funds will be forthwith deposited
wit h a city depositary and held by it in true t for the payment I redemp tion
or purchaso of the refUnding obliga.tians in the manner prescribed by
thi a res olution..
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SECTION 17. The City covenants that it will not accept payment of
way tax ~ ~art thereof levied aeainat any parcel of property for operating
or governing the City unles~ all taxes levied against the swma parce1 of
property- :ror the payment of' the refunding obligations a.uthorized hereby are
paid at the same time.
SECTION 18. The City hereby covenants that it will actively and
diligently enforce the collection o~ 811 taxes and special assessments
heretofore and herea~ter levied and tbat 1 t will not accept anything but
lawful money of the Uni~ed states of A~r1ca in payment or satisfaction o~
the t~es or special assessments required to be levied or pledged hereunder
for the refunding obligations authorized hereby, except that the City may
accept the de1inquent tax notes herein provided for aD their face va1ue in
payment of an equal amount of special assessments heretofore imposed upon
property \V'it:bin the Oi ty or in payment of' an equal amount of taxes levied
for the year 1930 and prior years~ but no delinquent t~ notes will be
accepted in payment of said delinquent taxes unless all then current taxes
are paid in cash simultaneously therev~th or prior thereto.
SECTION ~. The City hereby covenants that notwithstanding Section 7~
Article X, of the Cons titut:1on o~ the state o~ Florida" added tbereto by-
mnendment ratified November 6, 19,4~ and any legislation enacted pursuant
thereto, it ~i11 lev.1 t~~es upon all homesteads embraced within the
terr1 torial limits of the City for the payment of the refunding obligations
authorized hereby to the same extent as otbe r property in the Oi ty may be
liable to ta.:x.ation therefor.
SECT~~~. Anticipated collections of delinquent taxes wnd special
assessments will not be considered as revenue available for the payment of
the p~incipal or interest of ~e refunding ob~igations in preparing the
budget of' the City or ~.n fixing the tax l.e'VY" :ror any fis cU year I but the
C'!h ty covenants that al~ moneys received by it through the collection of
delinquent taxes and speoial assessments \nll be used by it for the purposes
for whioh they are p1edged hereby.
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SECTlyON 21. Monies rocei ved from the collection of taxes upon
property located in that part of the City annexed by Chapters 10;91 and
10:;9!~, Laws of 1925, will be paid into the proper funds established here..
under as security for the refunding obligations authorized herabT, but
will be earmarked in such funds as being applicable only to the purchase,
payment or retirolmnt of thos e refunding obligations foI' which sllch taxes
were levied.
SECTION 22. The City hereby covenant s that so long as any of the
refunding obligations authorized hereby may be OQtstanding, it wi11 not
avail itself' of the provisions of Chapter 16965 or any other legislation
which may be hereafter enacted by the Legislature of the state o~ Florida
in any way impairing or modifying the obligation of the City on the
refUnding obligations authorized hereby or the covenants of the City
contained herein.
SECTION 23. The City Attorney is hereby instructed and directed to
institute the proper proceedings for the purpose of having adjudicated
the vlllidi ty of the refunding obligati01s authorized he reby end the
validity and effectiveness of' each and every covenant and provision
conta:lned herein.
SECTION 24. The refunding obligations authorized hereby sl1all be
delivered to the holders of' the outstanding indebtedness to be refunded
thereby in exchange for and upon surrender of an amount of such indebtedness
equal to the face amount of refunding obligations exchanged therefor.
Passed and adopted by the City Conmdssion of the City of Clearwater,
Florida, this the 25th day of May, A. D. 1936.
(S~gned) R. E. Green
Mayor-Oommissioner
ATTEST:
(Signed) J. E. Satterfield
CitY Auditor and Clerk
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Moved bY' Mr. BB.1'rYI seconded by Mr. Ba'liohelor. and caI-1'1ed that Cit,.
L1c~se No. 620 in the amount of $?50 issued to Hall wnd Gentry be refunded.
said license having been issued for the year 1935-1936 fo~ bU81nos9 ot
photographers.
Moved by Mr. Batohelor. seoonded by Mr. Barry ~ ca~ried that traot
of land owned bY' Arthur H. Duncan be exempt of $500.00 valuation in addition
to other exemptions now in fo~ce.
Commissioner Marsh introduoed and ~ead ln full the followlng Reso1u-
tion:
WHEREAS, runds o~ the gas and water meter deposit acoount 1n the sum of
$l2,063.~S, have heretofore been used in the purchase of bonds and interest
ooupons, said interest ooupons having been embraced in those certain mandamus
prooeedings lately pending against the City being the oases of state of Florida,
ex rel~ L. F. Chalmers vs. City of Clearwater ~~d State o~ Florida, ex rel,
A. stone VB. City oX Clearwater; and
WHEREAS, sald funds have not been restored to the gas and water meter
depos1t.account.
NOW THEREFORE, BE IT RESOLVED BY THE CITY' COMMISSION OF THE CITY OF
CLEARWATER, FLORIDA. in regular ~eting asseDbled - that the c~ty Manager and
City Auditor and Clerk be and they- are hereby fu1lT autbDrlzed to re~burse
said gas and wa'ter meter deposl t acco\.Uli; in th.e S\DD. of $12,063.59. and to
draw proper vouchers in payment of sa~d bonds and coupons. sald bonds to be
pald for from the bond interest funds and said coupons to be pald for from
the de11nquent tax funds.
Co~ssloner Marsh moved the adoption o~ the above ~4 foregoing Re-
solution. Motion was seconded by ComnissioneX' Batchelor. Upon roll oall
the f01lowing vote was po11ed:
Ayes: Mayor-Commiss1oner Green
Mr. Marsh
Mr. Bakel'
Mr. Batchelor
Mr. Barry
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Nays: None.
Whereupon. 'the Mayor-Commissioner deolared the Resolution dUlY' adopted.
It was moved by Comndssioner Barry-~ seconded by Commissioner Baker,
and ~nimous17 oarried, that the C1 ty Manager and C1.ty Audltor and Cl~k be
fully authorized to paY' interest in advance on interest ooupons and past due
bonds of the C1 ty.
Moved bY' Mr. Baker, seconded by" Mr. BatChelor, and oarr1ed thai; Mr.
Po1h1l1 be pald $2,000.00 and the Referee in B~ptoy be paid $1,000.00
from the Refunding Expense Fund.
Moved bY' Mr. BarrY', seconded bY' Mr. Marsh, and oarried that there bdl1ng
no objeotions to the Budget for 1936-1937, that the Budget be approved.
ratlfied and confi~d.
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Copies of Certifioates filed with tax roll:
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STATE OF FLORIDA )
.
COUNTY OF PINELLAS )
c
crry OF CLEARWATER )
I, J. E. Satterfield, Oity Auditor and Olerk, and ex-offiolo
Tax Assossor of the Oity of Olearwater, do hereby oert1ty that the
t'oregolng is the assessment roll of the tuable property in the Oity ot
Oloax'water, valued at not more than its fu.l1 oash value, and. that it
contains a true statement and desor1ption of all personal and real
property in the said City ot Clearwater subjeot to taxation by said
Oity, and liable to be assessed theretor; and the listing and valuation
as oorreoted by the Equalization Board and as approved and adopted by
the C1ty Commission, and that all requirements ot law and ordinanoe
regulating the making of the assessment roll tor the City ot Olearwater
have been oomplied "ith. This the 25th da'1 ot May, 1936.
Sworn to and snbscribed before me this the 25th day ot May, 1936.
STATE OF FLORIDA )
.
.
COUNTY OF PINELLAS )
.
.
OJ:TY OF CLEARWATER )
We, the undersigned members ot the Board of Oity Oommissioners
of the Oity of Clearwater, Florida, do hereby oertify that we ha~e
examined the ta:x roll this date submitted to us by the City Auditor
and Clerk and Ex-offioio Tax Assessor of the Oity of Clearwater and find
that it 1s oorreot.
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The f'ollow1ng Resolution waa introduced by JI:r. Marsh:
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A ImSOL1PIJDII AUIlloamDO AS ~ IIlmiBmI RS om _
GtiBAIl\'1AB. rLOR~HD 'Ilm PUmJDA POtl,t(k CORNld_. _
raw, ~. IUGOD8SCI18 ADD AS81C1111. 1'OR ftB It81fUII
. BL1XJ'IBII'JAL ... SAID 00JlII0RAU0II __ BAJD om _
OlA4RWAft11a JI.QRII).A, 1'011 _ PtIlf08I ., 8Blm1 LmW_ .._
AID fOB IlUlaZOUAL Wi.91'It rIfItI8 AlII) CIA8 !'LA. 81;atYXCB JII' BE 0 'l!Ift
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_oweNCl __ 1'. ohaneS' to PfO'dde r. 1l&\tdne Ube ........
parka aDd pabUo p1aoe. of tbG oJ. tv, ctal _ t1b8 Oouaral Law
toJ' ~ ~t1*'.doD m4 ~waat of 01'188 old ~ ..
pI'OVl4o eleowt.oal "'Q'i'or ta mdn1e1pa1 wsoa and 1'oJ' tM
'USe. or 1M l'Oo1Gtmu. an4
WImRnas. It baI beOD 4GGm04 ad91eab1o b1 tbIJ UOaI'd
or CCJDral..SOneN o~ tM O!t,ol Cleo.rnber to be tor tbe
iDtol'eat cud a4val\taae of ~ tMtd:>>lOl.nu f)t the CS~1 to ~
into . oor.tbNO~ -ltb t..1te P1oztl4a 1'011.- COl'POl'4tdAm rex- the
~ of el~WSoe1 eDOI'G to. ~ or .tHo. 1~
..nice Gbd tOJ>' _tar wor. W14 SNI plmt M~. ~ ad4
OOJ1X)_tton ~ Iai4 0lt1 ~ Clenl"\1at.er. P1c.d.da, Aid
V31L~ the JNpI'Oaentn'lw8 d t~ .~1orUa ~
OOlPW'at!oll ard eM oft'lolda of the OS_ t#f 0101'1'.__ ha'V8
~ __ tbe ... o.a4 0CI.Idl~ of the eaauan,
SOW. '.l'flEIm1OnB, BE :rl' RB'SOUVIm BY m~ a1ft' OOl1l1lWI0JlEllS
01' 'l"RE t;1~ OF CLf~R~11A1'F.!t. FLORlDA,
Seotd.ca 1. \bat tJhG C1~ of CleuxwtJe, ~ belrebJ'
asro.. be make UJ4 enter&' lDto a ocmtwof) 'Irltb tt\o Flodda FQ1IfIIJ
COI"pOlttltdODe S. 1.,.1 ~tattft8. ~H aDd ..-tau.
to bar a1t4 p\II'ObU8 .1eotrlo POW" ant ..~ ~ '- ..
01" of Cloal'WGMr 1ft Ita IIthot U~1n.s IIP~ ~ b
UsbtdD6 of aU .tfGet", ~. aUep. 18Dea, parD,
P1a1~ ~ vladuoto. oa~ 4oe1aI CUI! ~ t4
tbe CltJ' of C10U'\1fa.... aQd tott ~tiI p&IpNICI or ..,1vf.u8 f48etriaa2
ponI' ~.r tb8 __ ~._ and sa- >>len' of th.$ Cl~7 of 01er4'Rl",
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1'1oJ'lda, aft bel'll1W autbOrlaed, oapt)~ aDd 4Uoote4 to ...,..
approve, ooBlI_ 8D4 aeoute undor lboii' ~'*Ud8 o.n4 the eea1 of '-
!lanl.eSpolit, Chat. -..tdA OODtnlOt horolabotoN mentlODCd Sa 8eet__l.
Jaaeed am acJopte4 _ tJw Cl'~ Cor.misSt.OIl of tbe 01_ 06
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OlelU'Wa.t_. ~ OIl tbe I8tsb dar of mq, 1081.
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JIoved bJ' lfr. Ma%'sh, seconded by Mr. Balmr that the 1'6solution
be adopted~ and upon roll oall, the foiblow1ng vote was pOlled:
Ares: Ot-een, Baker, Bar17. Batchelor and Karsh.
Be. '1S : N()ne.
:Moved by 1Ir. Baker, seconded by Mr. Batchelor DUbr......'.. that the
~~ o"1oe constt'UCt1o~ Compan7 be authorized to stop work as of ~ 15 on the
~J PWA water p~ojeot and not oommance work again until funds are available
and that tlJe time for completion of such work be accord1ng1., lengthened b.,
the number o~ daY8 so dela.,ed.
!!oved by 141'.. Ear%7~ seconded bY' Mr. :Marsh, and carried that the
DIOt1on be 'ta.b1ed.
~e'.'to1.Q,d.11g Resolut1on Was introduced:
FINANCING RESOLUTION
A RESOL'OTIOli AU'J!HOBIZING THE CITY OF CLEARWATER, FLORIDA
'l'O FILE AN AMENDED APPLICATION TO THE UNITED STATES OF
AMERICA THROUGH THE FEDERAL EMERGENCY ADHIliISTRATIOH OP
PUBLIC WORKS FOR A LOAN AND GRANT TO AID IN FINANOING THE
CONSTRUOTIOH OF ADDITIONS TO CITY SANITARI' SEWERS AND A1JTHOR-
IZING THE C:r'l'Y KANAGER TO HAVE ISSUED,4:% SANITARY SEWER REVENUE
CERTIFICATES OF CITY OF CLF..ARWATER TO RUN FOR NOT MORE THAN
~IRTY (30) 'Y.EA.RS IN THE AMOUNT OF 55% OF THE LOAR' AND GRANT
OB'l'AIJJED PEOK THE PWA FOR THIS PURPOSE AND AlJTHORIZDlG THE 0 rn
nlJAGER TO IIAD BroIl SERVICE CHARGE NECESSARY TO OPERATE THE
BEQUISIS FONDS FOR OPERATmG AND J(A~AIND'O THE SANITARY SEWERS
AND PAY THE mTERES! AND PRINCIPAL REQUIRED TO RETIRE THE SEWER
REVEtfUE CImrIPICATBS.
Ee It rell!lolved bJ' 1ihe C1tT Oommission ot the QitJ' ot:, Clearwater,
P10r1&, tbat the 011iT JI8Ilaser be and i8 authorized and instructed to
.~ile an amended app11oat1oD to t.he UD1ted states of America through the
- '- PedePal Emel'senCT MI"J' 'rlt .tration of Publio, Work8 tor a loan and grant to
-a14 111 :f'1.1lanc1Jlg 'the eon81i1'UOt~on of additions 'to o1't7 .ani tal"J sewera.
ta8
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1~3n
Seotion 11. That the Oi t:r Manager be and 1.8 authorized and
instructed to have issued sanitary Sewe~ Revenue Certirlcates o~ the
Oity ot Clearwater, to bear interest at 4% per ~ and to be redeemed
1n not more than thirty 788.1'S, and be 1n total aJDO'UI1t F1:tt)"-f:1ye peroent
(55%) 01' the total loan and grant that mAif be obtained throush the Pedere..l
Emergenc7 AAm'n1stration 01' ,ubllo Works ~or une purpose of oonstruot1ns
these sewer additions to the Oity sanit&r7 sswers. f.hese certif10ates to
be a first lien on the revenues from operating the sewere atter reasonable
operating and maintenance chal'ges are paid.
SECTION lU. That the 01 ty Manager be and is hereb~ autho 1'1zed
and instructed to make such serv10e chaI-ge per month as ma:y be neoessaJ'7
to' obtain the requ1si te funds for oporating and mainta1n1ns the ssn1 tar)'
sewers and paying the interest and prinoipal required to redeem the 01t7
of Olearwater Sanitary Sewer Revenue Oe~t1.r1Gates issued under this
Resolution.
Passed and adopted by the 01ty Oommdssion of the C1tT ot Olearwater,
Florlda~ tbis 25th day of Ka7~ A. D. 1936.
Attest:
(s) R.afe d-reei\..
R. E. een
Ma7or-Oomm1ss1oner.
Moved by Mr. Barry J seoonded by Mr. Marsh, th at the ResoJ.ut10n
be adopted~ and ~on roll call, the following vote was polled:
Ayes: Green, Barry, Batchelor, Baker and Karsh.
Na78: None.
and c~1'1ed,
Moved by JIlt. Kal'sh, seconded by Mr. Barry~lthat the matteI' of
an Ord.1nance regulating the salo 0:4 intoxicating l:1quoI's after midnight
and on Sunda'Y8~ be referred to the Oit:y Attorney 1'01' a.dvioe.
lilt. Moved by Uzt. Marsh, seconded bY' Nr. Baker and carr1ed 1il1at
"'ISoo.cO
"tle,eoe.OO-be a.ppropriated to continue WPA work pl'Ojeots.
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140:
lIoV(ld b'J' Mr. Burr. seconded b7 Mr. Batchelor, and carried that passing. or
the Ordinance to ~egulate dairies, the production, distribution and
sale ot milk in the Oi t}" ot Olearwater be pos tponed 'tmt11 tho th1r4 Monda,.
in JUne to allow time to secure more def1n~te information information
oonoerning this ord:1nance.
Moved by Mr. Batchelor. seconded b,. Mr. Bar17 and carr1ed that the tax
roll tor the 1ea~ 1936 be opened Ka,. 26, with the ua_l discount of "% tor
pa,ment during first month, in order that the tax pa)'ers JIla7 prooeed to pay
taxes 1mmediate11i
There being no f'l1rther bus:1ntlss_ the meeting was thereupon adjotll'ned.
Q1~
ATTEST:
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