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ORDINANCE NO. 145.
An Ordinance to Be Entitled,An Ordinance to Provide For the
Issuance of Public Park Bonds of the Town of Clearwater, Flaa
in the sum of 1hroo Thousand ($3,u00) Dollars, in Accordance
with the voto of the Electors o£ said Town at the Election
held on the Sixth day of October, 1914.
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Be It Ordained By the Town Council bf The Town Of Clearwater,
Florida:
Section 1. That the Town Council of the Town of Clearwater,
Florida is authorized to issue negotiable coupon bonds of,the
Town of Clearwater, Florida, in the sum of Three Thousand
($3,000) Dollars and that the proceeds of such bonds shall
be used for Public Park Purposes as authorized.
Section 2. That said bonds shall be numbered from one
hundred and fifteen (115) to one hundred and twenty, (120)
both inclusive, and shall be in denomination of $500 each;
said bonds shall be ds.ted the first day of November, 1914
and mature on the first day of November, 1944; Shall bear
interest at the rate of five (5 per cent) per centum per
annum, payable semi.-annually on the first day of May and
November and shall have coupons attached for each installment
of interest, Both principal and interest of said bonds shall
be made payable in gold coin of the United States of America,
of the present standard of weight and fineness, at the
Mechanics and Metals National Bank in the City of New York,
New York.
Section_i 3. That said bonds shall bear the certificate
of validation of the Clerk of the Circuit Court of the Sixth
Judicial Circuit in and for Pinellas County, State of Florida,
and said bonds shall be in substantially the following form,viz;
UNITED STATES OF AMERICA, STATE OF FLORIDA,.PINELLAS COUNTY.
TOWN OF CLEARWATER,
PUBLIC PARR BOND,
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NO. ' $500.00
KNOW ALL MEN BY TBESE PRESENTS 'T'EAT VfE Town of Clearwater,
in the County of Pinellas, State of Florida, aolmowledges
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itself indebted and for value rocoi.ved hereby promises to pay
€ to boarer on tho first day of November A. D. 19440 the
principal sum of FIVE HUNDRED DOLLARS ($600*00) together with
' interest tharoon from the date horoof until, paid, at the rate
f of five (5 per cent) per centum per annum semi-annually on
the first day of May and the first day of November, which
interest to the date of maturiity of the principal is evidenced
by and px yabl.e Kpon presentation and surrender of the annexed
interest coupons as they severally become due, both principal
t and interest of this bond are payable in gold coin of the
United States of America, of current weight and fineness at
the Mechanics and Metals National, Bank, New York City,New York.
And for the prompt payment of the principal and interest
'. ^•. of this bond as same respectively becomes due, the FULL, FAITH,
i? CREDIT and RESOURCES of the said Town are hereby irrevocably
pledged.
THIS BOND is issued by the Town of Clearwater for the
purpose of providing for funds for PUBLIC PARK PURPOSES, in the
` said Town and is issued pursuant to the authority contained
in Section 9 Chaptor 8046, Laws of Florida, 1905, and has been
duly authorized by a favorable voto at an election duly and
legally called and held for that purpose and proceedings of the
'• Town Council, of said Town duly passed, approved and adopted.
;.? AND IT IS HEREBY CERTIFIED AND RECITED that all conditions,,
acts and things required by the Constitution and the Laws of
the State of Florida to exist, happen and be performed precedent
to and in the issuance of this bond have existed„ happened
had been performed in regular and due form, time and manner
as required by law; ' and that the amount of this bond, together
with all other indebtedness of said Town, does not exceed
am& Constitutional or statutory limitation.
IN WITNESS WHEREOF, said Town of Clearviater,has caused
this bond to be signipd by its Mayor and attested by the Town
Clerk and its corporate seal, to be hereto affixed and has
caused
the annexed interest coupons to be authenticated with
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the lithographed fac simile signatures of each of said officers
• an~3 .this bond to be dated the first' dAy of November
A. D
1914
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JOHN R. JEFFORDS
Mayor.
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(Soul)
R. T. DANIEL
Town Clerk.
(FORM! OF, COUPON)
NO. $12.50
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On the first day of May, (November), the Town of Clearwater,
in the County of Pinellas, State of Florida, will pay to
bearer Twelve and 50/100 ($12.50) Dollars, in gold coin of the
United States of America of the present standard of weight
and fineness, at the Mechanics and Metals National Bank,
New York City, New;Yorkv being the semi-annual interest then due ;.. ;'
i on its Public Park Bond, datad Nov. 1,1914, numbered ?..?
JOHN R. JEFFORDS.
Ma or.'
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R. T. DANIEL
Town Clerk. t
VALIDATION CERTIFICATE
VALIDATED AND CONFIRMED BY DECREE OF THE CIRCUIT COURT OF
THE 83XTE JUDICIAL CIRCUIT, IN AND FOR PINELLAS COUNTY, STATE j.,
t4 OF FLORIDA ON THE 23rd. DAY OP' OCTOBER A. D. 1914.
C. W. WIECKING.
Clerk of the.Circuit Court of the Sixth Judicial Circuit, in
and for Pinellas County, State of Florida.
Section 4. That a special tax of One Hundred & Fifty '
{ ($150) Dollars, shall be assessed, levied and collected each i,
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year upon all property, both real and personal, subject to
taxation within'the limits of the said Town of Clearwater,
for the payment of the interest upon the bonds, and in addition +
to the tax for the payment of the interest as aforesaid on
said bonds, a futher tax of such amount as the Town Council '
:. of said Town shall doom proper and necessary shall be assessed,
{ levied and collected upon the:' real and personal property in
_?.. said Town, subject to taxation for the purpose of providing a i ?
' sinking fund for payment of said bonds at their maturity. {
The said sinking fund so raised shall be invested in State {
and County Bonds, or outstanding bonds of the Town of Clear-
watery or first class improved real estate mortgages carrying 4
insurance for full amount of loan. " >'
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Section 5. All ordinances or parts of ordinances in i
conflict with this ordinance are hereby repoaled insofar no.
they conflict.
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Passed by the Town Council of the Town of Clearwator,
Florida, this 27th. day of Jan. A. D. 1915.
J. R. TEAMAS
President of tho Town Council.
Attest:
R. T. DANIEL
Town Clerk.
Approved by me this 27th. day of Jan. A.D. 1915.
JOHN R. JEFFCRDS.
Mayor.
(Seal)
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