04/10/1919
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April 10, 1919.
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1149
Special meeting of City Council was held upon
; 'rq: `t' ,' call of Mayor to consider amendment to Resolution
?`T' :1',:':?':' providing for inoreas in the amount of Bonds, also
adopt the Plat of Palm Bluff Addition.
The matter of acceptance of the plat of Palm Bluff
was taken up, after some discussion-- moved by W. H.
,'_' •°' ? s, ;'; .'.;;? ,5;,` Freeman seconded by E. H. Coaohma.n that Plat of Palm
Bluff be adopted upon approval, of Street Committee,,
which was. carried.
?# • Y; ^,r'f' r;>;,r 1'``"?• _ The fdilowing Resolution was offered by Mr.
W. H. Freeman.
RESOLUTION.
WHEREAS, at the meeting of the City Council .
held on the second day of April 191 , the said'
i•L.J., c?: Council did pass a resolution authorizing the borrow-
ing of $12,000.00 and the issuance of bonds therefor
4 for said amount, and
WHEREAS, it is found that said sum is
insuf- ficient and that there is need of the sum of $14,000.00
to be borrowed therefore be it resolved that said
` resolution be amended so as to read as follows:
:? •'_:= •'` ' RESOLUTION PROVIDING FOR THE ISSUANCE 'OF
SIX PER CENT IMPROVEMENT BONDS TO THE AMOUNT OF
' FOURTEEN THOUSAND DOLLARS, AND TO PRESCRIBE THE FORS
OF THE BONDS.
WHEREAS, The Cizy of'-Clearwater has in its
f'. possession improvement certificates issued against
: certain real estate in said City to the amount of
Fourteen Thousand Dollars, and
WHEREAS, The City Council deem it expedient
and for the best interest of the City to deposit the
:fix: said improvement certificates in the City Depository
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and issue bonds for the payment of said improvements: :
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' THEREFORE BE IT REHOLVED that the said improve-
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• Mont certificates, to the amount of Fourteen 'T'housand
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r (.14000 00) Dollars
be deposited in the City Depository •
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and that the Uity
of Clearwater shall issue fourteen 4 ,'+:.: ;hi. }?3•???'lwv?'r.?
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'ry;=? coupon bonds each for the principal sum of One Thousand
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Dollars$ bearing date the 10th day of April A. D. 1918, C
3 of which bonds shall be payable October 10th
A. D.
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t:,j 1919; six (6) of which bonds shall be piWable April '10th
A. D. 1930; 6 of said bonds to be payable April 10th; A. D. ``
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1921, and that to each of said bonds shall be attached
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coupons of sufficient number and amount 'to pay the r,
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interest semi'#annually on %he 10th day of April and :,;•':'''` `° ; .r
' f, "#a•',,,?; ..? 10th day of October of each and every year during the
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bonds
and that said bonds shall be suo-
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etaritiallr in the following form
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;,; '.;• ?';`; ?.' ; :`_ Humber ------ Dollars
$1000.00
UNITED STATES OF AMERICA
STATE OF FLORIDA '
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C X T Y O F C L E A R W A T E R
IMPROVEHENT BONDS.
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:, KNOW ALL MEN BY THESE PRLSEtti'ieS that the City -i.; ,s
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of Clearwater
in the County of Pinellas
tats of
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Florida, a municipal corporation duly organized under
the constitution and lags or the State of Florida, for '
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value received, acknowledges itself, to owe, and
promises to pay to bearer on the 10th of April 19
the principal sum of
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with interest thereon from the date 'hereof until paid at
the rate of six per cent per annum, payable semi-annually
on the 10th day of April and October of each year, until
:,; tine principal hereof shall be fully paid upon pre-.
+sentation and surrender of the interest coupon hereto
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y'' attached, as they severally-become due; both prince
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` and interest going payable in gold coin of the United i :;,;',',,+' ;y.: ;r
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'? of America of current weight and fineness, or
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Y its equivalent, at the Bank of Clearwater Clearwater, >
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Florida nand for t prompt payment of the installments
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of interest and principal of tniH bond
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. said City are irrevocably pledged. j
This bond is one of a series of bonds of like
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date and tenor except as to maturity, ,
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of Clearwater,, pursuant to the Charter of said City enact- I:: s
ad by the Legislature of the' State of Florida, being
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' and Chapter 6864,
Session Lave of 1915
Chapter 7137
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and pursuant to the resolution and
Laws of 1815
Session
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ordinances of said City duly passed, approved and adopted'
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as required by law, and pursuant to and in full comilli- : ..
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anoe w1zA all the requirements of the Constitution and
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for the purpose of paying
of the Charter of said City :
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the cost and expenses of improving certain streets in said
city.
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recited that Oertfi i
it is furtner aertixied and
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of indebtedness in an amount not less than the total of 'S• 1 • 1.rr.? 5 • 1 -.
this series of bonds have been duly deposited with the ,,• ; :;
City donository, as required by Chapter 6864, Session Laws
of 1915, and it is furtner certified and recited that all
sots, conditions and things required by the Constitution.
Lams of the State of Florida, and try the Charter of
said City, and amendments thereto, to exist happen and
Do performed, reoedeni to and in the issuance of this '
bond, exist, have happened and have been performed,
:': !`" ,•;" in regular and due form, time and manner as required by
law, and that the amount of thin band, together with all
other indebtedness of said Uity, does not exceed any
limitations imposed either by the Constitution, the
or by the Charter of said city
Statues of Florida "
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or amendments thereto. "-
'°
IN 'FITNESS MiEREOF, the said Oity of Clearwater
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:';';:• ;.' has sauced this 4ond to oe signed UY the Mayor,
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countersigned by the Fresident of the City Oounoi;L and
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attested by the pity Clerk, and its corporate seal to
De hereunto affixed, and has ouased the interest coupons
hereto attached to be executed with -the original signa,- ;''' e :, •r,
tures of the Mayor, President of the City Coumil and.
.;? City Clerk, respectively, and the bond to be Dated t
10th day of Apri 1 ' A. D. 1919.
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,j:[;,`:';rK,?,, i . 't. R.K.Brandon
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;i 'ar s t k P'ti :' Mayor of the City of
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A'TTES'T:
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•4!r' ,.?+•f' l?r f'j. S' `< ?/ ?/ • Mo r® 1 ' ter, '
Y'"k°s President oi' the City Council '
Cit . Clerk of the City <<.
y of the City of Clearwater
of Clearwater, Florida.. 1'
?' 0•E!:1• Yf..: •ii?e' !{x el ?•? `` FlLfr Ida. .. ..I.
That the coupons to be attached to eaoh of
said bonds shall be substantially in the following for*; . `
Coupon {..
On the day of
19 } ? •'?3 h %? .4
'the City of Q18ar{QatBI', in the QOUntY Of
Pinellas State of Florida, will pay to the bearer the aum
%
! of Thirty Dollara, (830.00) In gold coin of the United
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States of America, at the Bank of Clearwater, Clearwater, :r .
Florida, being the semi-annual interest then due on its
-, improvement bond.
No........... Dated
Mayor . i3
4.
` . ATTEST:
City Clerk.
President City Council.
That the City Depository be required to attaoh
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and execute the following oertifioates to each of said
?,;t.=. ?''`;;::.4. •.
a`. '.. 'M • ?. bonds ` to-wit;
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tip', STATE OF FLORIDA, y
:? =.4?, ?w? `' "F''' } ' + COUNTY OF PI NELLAH , ) Be. CITY OF CLEARWATER.
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The undersigned City Depository of the City of
Clearwater, in the County and State aforesaid, does
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hereby certify that certificates of indebikaness dui ?,,; ' ,,r:,`..' "'.;;; ,.z, • ::'
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f' :.FSsr'j,i L:, Issued by the Oi ty of Clearwater, against the property
.'err t t{.; ;' ?.r; :' :•r'',:° therein desori bad, and equal in ojiaount to the face value' •° l „1, ";:;,;°,.?s ?` ;:-, '
of this bond, have been deposited by the City of
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-ex with said City Depository in a special and
Cieaxwalu
•ys`,,1 iL:r?, .r+ ' •^'4j.'?' •'l' per L• .'Y1.•:!..'.
separate fund known as the !IffiP tOVEHENT BOND REDEM -a
TION FUND" the proceeds of whioh, when collected,
{ `'P? }; `'ydFi-?'''?; 1 •?;?: '_'': shall be exclusively applied to -the,' payment . of install- • - „r?,•
ments of interest and principal, when same matures or :}T,e{'.:''.?•;e,,` becomes due.
In testimony whereof the City Depository of the
City of Clearwater, Florida,, has hereunto oubsoribed its
name the day of 19----- -
_ Cat"':r,1. ; %' .:.1'.'. '. { ., , :?_ ?F >,,; ? t •.3,? '7::?t,,l? ci ' a` ,. , The Bank of Clearwater,
Clearwater
'`. Florida. :?:''' ; ' ,;: ?'• ;: .
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BE IT FURTHER RESOLVED that all the funds received.
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by the City in i= payment of said improvement certificates,
and the interest thereon be deposited in the city depoei-
tory in a eeperate fund to us known as the "Improvement
bond Redemption Certificate, interest and Redemption
r " Fund", and that said fund be used solely for the purpose
;;T yy of paying the interest upon the bonds provided for in
this reso,ution and redeeming said bonde when they shall
severally become due.
Adopted by the City Council of the City of Clear ` T
water, Florida, on this the dray of
A D, 19
Pre al dent of City Council.
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