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824
OI-tUIl1A1i CL 130. x:01 .
All O1tDIVANCL PROVII.ZIG FoR THE Cal>3MU??TION OF
EXT121SIOI38 JUM IMP110VL1,iL11r1iS TO TIM L'il?f1'L10OIJIM
SYS' A',1 OF WE' CITY OF CLEARt7ATE'R AND 10ON THE
OF 9"I,000 2cLVLI1UL [;isETIE?'YCC?'1 S OP OIL
ISSUANCE
CITY O CLLAh1JAT1?1t, I-`LOhIDA, PAYABLE SOLIaLY FROM
'1'I H IJ VEN 'S DI-1h MD 1't?tOI,1 THE VIA1' =01 K8 SYSTEM
OF SAID CITY, TO FINAIXE THE COST W SUCII
CONSTRUCTION.. 104'D LLCLARING All LI-TE11GENOY.
s
.. , CyITY C+ ,Ui};1,3ISSIGPI OF , THE , CITY OF CLLAIzkl ,A1 r ,?:?12,
1:1'13 BY THE' '
BE IT 01tDI?Tid
: VL0RIDA: '
Section 1. It is horoby ascertained., dotermined and declared I
that :
(a) the City of Cloarwater, Florida.. (he--'cinafter called
the ("City") now owns, oporates and. rx%intains a Vlatorworks ?y?tems
the construction of which system was financed by the issuance of
general obligation bonds of said City, for the payment of which
bonds sairl City Vra:? required. by law to levy and collect an ad
valorem tax upon all taxable ro ovt r located within the terra-
toxiul confines of said city. '•,z. ', Y4:.:'.
(b) the net revenue of such watorworl:s system during
the last 3 fiscal fears has amounted to trio following sums:
i' Fiscal Years Nat Revenue
1933 5K35 s 871 .59
t 1934 36,175.12 :,••.' ...
1935 35,625.73
and the revenue of said system has not been p7.edged eitY?er in whole
or in part to the payment; of any outstanding bonds or other obli.w
rations' of the City. The cstimv.ted not revenue of said, aystem
in each fiscal year after the constr' eti.on of the extensions and
improvements to said system hereinafter referred to, is an excess ?
of the amount to becor-tie cue in each such fiscal year for principal
and interest on tho Certificates hoveinafter provided for.
}', -.'ate; °;?'.el '3 -t'' •?? ?.: ..,;;. ,``-?.;. . •
':. (c) It is necossaiy anci desirable to construct orten-
sions and improvements to said wnteiTiorks system, such extensions
and improvements to consist of constructing additional wells, im- ;
x'ov9n exi.stin elevated tank And extensions to the distribution
t6 t'J?r?ti?1'.I ."4' !j?'v ? i 1r; .i. f • f. u?°?i '',?'•'''_ ?,
sy?• stem. The estimated cost of constructing such extensions and
F [, ti?" 'ii :4.l,i.....,-i i,- ??{+? •'':±'? ''`. "
i
74
nts is $149,,000.
A. ixiproveme
y??eH? s.3?9.ed•-rizr?i? .. e ,• t ?' j,."?•3`'',.,q?.. '•'" ^c{;.: ?`.'. t4 „}s':'..,, t
A?. '•' F-?.?-s `? £? .. ,i, i, ,I. - 4-01
_ - Ci}?3•ri `?;,?t: ?'i''"s.. r''rT: s•??. r'J `t
{y = ?'3'?'`a f . a?.'?..r ^x.,, ",., :R •1, 7,3if?`.?^F.^•:;i,. i"•JS.:.{r
M ?? !T? 'F } ."Jy C..,.,°f„•'.Y..: `.1.J?7 ??` ?y Y;?• r
* ?i a .,..» ,. I"". .. v.'•-? . i ..M,.... ? ,??', H flea Jj.{i?..
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lid
1 '7;
}?': - ,. • Irks s.' `??+`;??'?
t
Sr •1' A °F
..ley ., f.'• '?- ??. e •k?: ?.'.
k:' +',' ?.i ?® ::Cis :.?sll'•• Ll" . :S. , 1. .. '.1 ? ? - ? , . ., ,. ?'.
,?4'?» ,'a:` '- - -f tr•,'.x?c"•4'.'.el'?O?It`,-'?`a.?T1S:w.v.: S.rrr...-....5e v, ...> .. - ,. .. .n .. .. .. .. ... .. ... _-,. .. '? .. ,>, r•r a - .
_ 2
Section '2. For the purpose of fincincing the cost of con-
of the ?;rnnt
- r struati.ng said extensions, and imprrovomonLs, in arcas13
T to be made to the City by the United State of Amsrien, there shall
be issued nogotiable watorworks revenue cortifieatos of tho City
dd (hcroinnfter called the Ca_-tifientos) in the aggregate principal
amount of y(97,000, which Cortificates shall be dated Lecomber 1,
1935', in the denomination of 1,000 each, nrlr,ibered from -1 to 97,
both inclusive in ordor of k>k?turity, shrill bear interest at the
rate' of four pox oontum (4;%} per anniun payable semi-annually on
Vocembor 1 and June 1 in each ;roar, first interest being payable
Juno , 1935, payable as to both principal mid interest nt the
office of the Treasurer of the City, In such coiai or currency as is,
on the rdspective dates of payment of the same, legal tender for
' - the payment of public and private debts, shall be registeratble as
to principal only at the option of the holder and shall mature
I '
serially on December 1, in the yeajxs and amounts as follovis, to-wit:
Year &.iount Year Amount
1936 2,000 1947 5,000
1937. 2,000 1948 5,000
1938 20000 1949 5,000
1939 2,000 1950 5,000 r
r
1940 30000 1951 5,000, --
19,11 3,000 1952 6,000
1942 3,000 1953 7,000 --
1943 3,000 1954 7,000
1944 3,000 1355 7..000-
1945 ,.?z4:`.:•-; ?'; 4,000 1956 70000
1946 4,000 1957 7,000
?° ', ;?• }' City Auditor and Clork, and
Said Certificates shall be sign6d by the City Manriger of the City
and countersigned by the Mayor-Commissioner and sealed with the
corporate- soal of eaid City: m-id the interest coupons attachod to
said Certificates shall be executed with the facsimile signatures
of said City Auditor and Clerk, City Manager and 14ayor-Commissioner.
Section .3. The Our4ificates and coupons attached thereto shall
:;?=tr < j?'`, r'•; `1? be itt substantially the following form, to-wit:
•e!'.j J-! •?I.IS i S'i16 Pal .}
No. V1,000
VNITka) STATES OF AI%WRICA
1 STATE OF F LORIUA _
C OtTNTY Or PINB"AS r
°I t
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°3`
CITY 0V CMAItt ATER
VIATER REVLIME, Ch'ETIFICATE
The City of Cloarvrater, ill tba County of Pinellas, a municipal
corporlation. of the State of Florida, for value received, hereby
j .. J ' promises to pay to bearer, or, if this certificate be registered
as, hereinaftez• provided, to the registored holdor horeof, solely
from the Pond Fund provided therefor as horcinafter set forth,
the principal sum of
= 0I12 IIIIMSAND DOLLAItS
($1,000) on Decomber 11 19 , and to pay ii`terest on said principal
sum semi-annually from said Bond Fund, at the rate of four per cent-tun
' , '?' {4 } per annum on December 1 and Jun 1 in each year itil maturity
of the principal sum hereof, upon the p3.°esentation and surrender of f,.
s:,r the annexed interest coupons as they severally become due. Bath
principal and interest are payable at the office of the City Trea--
` surer in the City of Cleaznvator,Florida, in airy, coin or currency
r.
`' which on the respective dates of payment of the same is legal' tender
I ' for the payment of public and private debts.
,.. ;. This Gortifieate is one of an authori.zod issue limited to an
1
aggrege to principal amount of ninety'-seven thousand dollars ( X97,000, )
all of like date and tenor, except as to number and maturity, issued
r= ` by said City under the authority of and in full compliance with th the
Constitution and Statutes of the State of Florida, particularly
the Charter of said City and an ordinance duly adopted by the City
?` '" •'y?t Commission of said City providing for the construction of certain
extensions and improvements to the watervrorks system of said City.
Said ordinance provides that the City shall fix and maintain rates
collect charges for the facilities and services- afforded by the
waterworks system whlah will provide revenues sufficient at all times
;???y ??f ?t Y?'j?:s' .?r A: k.. ''`e• `lt?Tl .'?t!'
Y , < F to pay the cost of operation., maintenance and repairs of said system :.,..
and to pay into the Bond Fund created and designed by, said ordinance
F .?;.} ..:.;? ,• -? as Waterworks Hevenuo Certificates Sinking Ltuad a sufficient amount
FV.
4 • w,}?i. P5 1 'ha-. 1l. ?:a.a'T L? '? f•.'E,: :•t ."i:
t ,•,:? ri' ?•.',L # s..'. r• k ate- ,, ?
of revenues over and above such cost of operation, maintenance.and
r
82'
' n
w =
repairs, to pay the intorest on and the principal of said
cortif`icatoa an the anine respectively become due.
s This certificate and the interest coupons hereunto appertaining
are issued upon the followings terms and conditions, to all of i
vrhich each taker and ovrner hereof consents' and agrees:
' (a) Title to this eortifionto unless registered as herein
p , J rid ir_terot coupons., may be t. u?sf of rod..:?1?-: ?:. ' .
rovided and to the unnc?:: s rr : t
' ..1 i r. 3•','!, ."Y I.?'?1 V 1.
arzo manner as a negotiable instrument
°''a,:• by delivery in the s payable 'Qq• _li; •' ?,.'. -k* .'s:'Y •':R it 7J¢ .?^r-f s.,
:?: t,'?;?,Yr•,.. ,r:.Y;ljn
to bearer and
(b) Any person in possession of this cort;if icate, unless ?': {",,r;;, ',;'.,s+,`.::'•
f'' }! '1? ;?: F:'. i,'r •!ri' ?7. ta.'?I:? A;a lit ,wi . s?'•', ;;4
registered as hox-ein provided, or of the 1. tit Brost coupons boreunta
I in3nG, regardless of t?;o moaner in which ? he shrz, have u
c?-
apportu a? `4 s' :rrr?.,,. F:°•:: ,
quired possession, is hereby authorized to,rapvesont himself as the
_' absolute owner thoreof, anti is laoreby gra3ated poises to transfer ab- , ?- ,'= :f'?t??es, t;r<€??,;:x; ,?„•,
1?R' d= J'am'-''? 7
''• , 1 solute title thereto by delivery thoa eaf to a bona fide pox chaser,
that is, to tiny one who shall purchase the same for value (present
or antecedent) without notice of prior defences or oquities or
r.
• ,•. -. claims of otrneraizip enforceable against his t,ransforrox, .every P2 ioz
taker or ovn'Ler of this certificate, unless registered as herein pro- '
vi.ded, and of the annexed intoi e-.t coupons vraives and renounces all
of his equities or rights therein in favor of everjsuch bona fide } r <<' i.` ,
purchaser, o id every such bona fide pu_,chasor Shall acquire absolute
titl.o thereto and to all rights represented thereby; and .4 i-':• `' r''7.'f -:'j . is
' :j'' r • ' ( C) The. City of Clearantex may treat tho bearer of this
Gertificnte, unless registered ne. hor,) in px'Dt?ic7ed, or of the interest
' `' }:ti• `r"` ;"`si;° <' !'r coupons horourito appertaining, as the tlUsOlur@ oti`mc?r thereof for all
-' is ,? ?:?' :,, .-. ,? .'1`; .. _if,y.•'. •.7'
ux+posas ti'rithout being affected by any notice to the contrary.
7.Izis certificate may be registered as to principal al,ono in
, ith the iov3.s ons endorsed hex-eone
' S'4't'3 V -,. :. accorda.ice
"f p ?. r?
J.s;s:- ,?:.b?^._•..`.f???""?"?1'Cr:4iiS-4`•!'`' ,i.?'r..' ? .r+?f1S -if•' c.' _ .,?,•, ,' ' `:° •>*? IT 13 ?? i'z+ Y Cla3Tinp z ri1;CTT.1) :.rill DLCL!dED ?hnt all acts
?; C s3 El GulOd.Uy t G' O rind r3
?Y € :conditions and th -ig r the oastituti n tatutr es of
•
6 •'h ' "f'A.?t ?J4 r'•,Y"?sz'17[ s,S -!s'L'?f' ? ' r . I '?, ?.??}F:s'' ?,: ?L;°'^, b, Q;"?},. ? Y..
the state of Florida and la /the Ordins.nces of the City' of Clearvvater
-. } •is'' ? ,;`J •-,max,.
if ,ter' ?+?"g ?P3° ?' _ (E rs I. 1 r .. - ? _ t , ' i .; u?c->.;°,',t?X, };r'.?,$?''?'?ir?•,S!,?}??, _• e
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:` ;?? ,. ? Florida, to exist;, happen and he porformvd precedent to cued
1 1
. , ,R ; f t'Sr` A `r2 `' In the a3uzu-ice of t1lis cortificato, have existed, have happoned,
`:y1 I ,'iii": ?J'
?., •"'r?,•' i?nd .have been perfmmad in due tine, form and mnnnor as required
, , .G..:., ." ..... ??
,g ` I'?. , by lavr.
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,: ;'y: t',,,: ,;°? -'' r' IN V11TIaESS l'Il• MiEOF, THE Clay of Glear.rater, in the Colanty•I
ii" Al .?; :I1.?, i of Pinellas, Stato of Florida, has caused this cerGificat' to be S ,
:. `_: :ads. `''a`€..::'' `; synod in the nAnio flf said c;l ty Uy l is City Auditor and C1 exk ;, ;,;; ', i ` 2
' : '?,. :-
' s',,,` ? ..z';';: ;? and City Manner and countarsigned by its Mayor Commissioner, :Y •.%,-,)'i?::' :,.
•i ,.t;!: •Fr .?,r r.?< 'X;r x.:'.Z r?..:'.. 5''<', r 31:
? " ' ` " h'F ;. ::s t3 its. cor ors. Ee seal toUe hereto affixed . the s ; : `-:; .f? .
.'i.::?,.:,-"Aw11'' , and p , and th interest : ?. i.;"t', ,,t
k'S".,'.i4 :f.?'(;f,lj'.°!'01d;,%,. f,!! if'.I r S' I '_ ,'.;_'.,•.
`* ` {?' ' ?.,)* ,,'fj?'``v' ' r``'. ?, .coupons Annexed lioreto to be executed by iY! facsimile s ': ;1:'?• :?,-;`
;t t f: ,s?,pp. ;. ,;. r y the sign 5? .atures ',_,.::;e7.ti".,v: p.,'-
_' :LaS=? r,a','iJtt tr ,: I`a.€,.•,:, , j,. 11 :! :'' i""' fl.,', , -.'' f: •I,: i.` . .. J; }!'., w .?-•,-- ...,.. JS ?' - s:'` n.'>,'.. :?}'.:.• 2i
11 °J:"`r•:. sr`(J]'L '_ . I,'v,P•`•' :' 1- cti of said Vity Auditor and Clerl?, City Iiian er „rand Mayor . k 43j", .:,s ."?s
4
I ,I • .3`t5i` .,i;c :.k L.°l%? '???t'; a,'r? ':i:It, !`.ii.''1j.?:`'d. ;`-1r`>,,i.1.J ?;.?'":'i,;' 1,
as°'' i. -t, Gcmt!il.ssioner and this cer rif l.cato to Ue d..ted the first day of °'""`f"' >::?''' ;
t' 'Sr i}{R; .:'•C; I 1,. : •z x.. •, ?'- '-fu•.:.??t.-F,+"': „?.s "..,.;°r'
,Yr" °:i'IS•L- ..•it,t .? ., k ??,^ F ,- '---r•;,'„,,', ,},,'`'F,. f
;; ; -
F. ltl t•2 1935. ;t:,%,e,?1=`"t_,°? ? s'j,',e t
:tf•,i t"3Ii='s (,'%'e`'t§ °; "; .': :i..l v r°)
:li':. ,). rt'l. lf, '1-'' DeCe 1,?.., TT Ly 11- ,
,?;_ 14'.17, ? !• ` , .lw.r - :! , r ^_i` ?4j''
t -i`.1+. iif .t Iii ?1. , :'S.' k''i`i ]r ?k.' ,1.1,,- {
,t . i', ;.c-}Ctj t ' 4' ?' t : 1 . f al . .r id;:.`. . F ' It_ e yer.
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tP 'L. V ii; at C lcarat , ` ?'.. `` "
1 >. •'•
s , $" x?x ez' Flo??ida ,
',f `F;}t
i, -e.'. ';'`I? .i .';7 L r11'ir R.,;,.. !I I t'? ='s• 1
r. ::,,; (SLAM) City Auditor and Clerk. ' Z .j' _;fit..:.` Ir ';',,F.,I,.,?+..
.rl.' f ,F..,?? .'f
"l ', .? Countersigned: BY ,':,{ =:l',; `
'• I' , ,F!•. l _ . ?.., 3 • J ,
'z: ,_ - . Y, ,3. ,33p I ?f?Y 1danager -1 f?I. rX,' !'"'},''" :t;, v
`I t..?r','g I'.'. 11'' It ifi
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??t. -?` G`' .i.`• wi ,j 'f...,:`"•?yl??'?i'o/,?E1 ) .'rt.11'tl,.!itj.i3,?;,:;f.;`r;214 tr:-
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829 '
{
(VALTDaTION MIDWS LI E11 T)
f Validated "and confirmed by decroo of Llte Circuit; Court "of
the Sixth Judicial Circuit in and for Pinollas County, Florida,
I' rendered on the day of 1g ,
f
k IN 11,11TTNESS Cr !EhEOF, l have hereunto not my hand and affixed
i
i the- seal of said Circuit Court this clay of 10
M1
:?
i'
.71
(SEAL)
Clerk, Circuit Court in and for
Fitiellas County, Florida.
(CERTIFIGATL OF REGIS TiiATION )
This certificate may be registered as to principal
alone on the books of the City of Cloarnator, Florida, by the
City Auditor and Clerk of said City, as Registrar, or by such
other RoZistrar as may be appointed by the governing body of
said City, and such registration shall be noted hereon by said
Registrar, after which no transfer of this certificate shall be
valid unless made on said books by the registered owner in person
or by his duly authovized attorney and such transfer endorsed
hevoon by said Registrar, This certificate mny be discharged front
registration by registered triulsfer to bearer and thereupon
transferability by delivery shall be restorod, but this certificate
may ag'ain from time to tine be registered or transferred to bearer
as before. Registration of this certificate shall not affect the
negotiability of the coupons hereunto attached and said coupons
shall continue to be transferable by delivery and shall remain
payable to bearer.
Date of heoistration lie isterod Oynier
Registrar
,y=
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a
.. 1. •, •ii' • >`?1 ,•?° s, ,k?
'i.
b•i,..• `I.
F
.. 7
NO. P'O.00
On the f Irst day of tho City of Clonr-
wator, Florida, will pay to tho bearer honniof at the office of the
City Troasurar in Clonrmntar, Florida, out of the Bond Fund doseril ed
in the attnelioa cartificAe, twenty dollars ($20.00) in any co;l.n or
currency which, on the date of payrient of this coupon, is legal
tender for the payment of public and private debts, being uix months
interest then due on its 'F'lnterworke Revenue Certificate dated Dea-
amber 1. $ 1935, and ntunberud .
City of Clearviater, Florida.
Countersignod:
BY
Gi,ty uMor and Clerk.
By, City tanager
Mayor- 0 ommis a ionn r
Section 4. Said Gartificatos shall be registerable as to
principal alone in accordance with the provis=ions for registration
here inrLbove'provided for ondorseiuent upon said Cortificntes, and
the City Auditor and Clerk is hereby appointed and designated
Registrar for the purpose of reCistering said Certificates. No
charge shall be made to aiiy holder of any Certificates for the
privilege of registration h??a?ein granted.
Section 5. The City Auditor and Clerk tuid the City Manager
are ho-vab f authorized to execute the Certificates in the name of
the City and the Mayor-Co:tmiissioner is hereby authorized and dir-
ected to cotuztersign ancl afi i_x the seal of the City to the car-
tifiontes. The City Auditor and Clerk, City Manager aml Mayor-
Commissioner are hereby uuthorizad tend directed to cause the coupons
attached to said certificates to be executed by 'their respective
facsimile signatures. The certificateo shall be and. they hereby az-e
awarded to the United States of America at a price of pax, plus
accrued interunt acid the City Treasurer is hereby authorized and
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Section 4. No taxos shall aver bo levied an no monies shall
over be taken or di vorted filom any funds of the City for the payment
of the principal of or intoront on the Cortific?itos issued hereunder.
Section 9. All ordinances an rosolutiona or pAZlts thereof in
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conflict frith the provisions of this Ordinance are to be extent of
such conflict horeby ropoaled.
Section 10. At emergency exist, and this Ordinanco shall be in
full force and effoct immodintoly upon its passage.
pasted and adopted by City CommAssionera of the City of
Clearwater, Flor:41a, this 6th day of January, 1936.
ATTEPT:
J. L. Satterfield.
City Auditor -and fork.
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(Signed) Bay L. Green
Mayor
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