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427
,.,Sk ..P:r •?4iew•,r:W 1M.+T Y.i; i.? :i,..b,. r,! ,.rS,!n«qky? yr. " i ?..?:i4'.¢ R ;,;,F .n`n,`, , 1.? "?.. .. s:' .. „ .•?'?'t: ,-""?t." . ," :??>! ?'i;..,?,. ?:? a?'?.: ?;•• ... 1. 4.. fie., ' S '; ?` f , '?'?'*?'. ..?e ;.y ii iS: ?- ' '?'' - 5 • ".i!".?° ?: - ate P 3 :1 by CTs 3::5i r.iFtr S..L t. ,' { ?:., •?}.°`*?' _ 4„ yr'%'r• 1. a._-.3„s io?r7,{?'? ?4--e ?.J ?•;,. ',!? -tt rP .? '" ;' .i - •:st 'F;.-??.41'i:? 95 pi?t» .r.. ,i ,??• .J iY. •' dad a -? :ate G' • <<? '•s t'=' "a ' r ?a R 4 ?-• `S ?_ a ' c S`°s . it ?.?'roG"'J .,4 - '-i?` • i t• g? ; ti . ?.,5. q??? y 'ti 'i?-.;?? ,.?;,z .. s•.:b ^' e s. _ -?.?. I "pi's .b ? F v.1.C?i" ,i'k.'•i''?' 3 .i-?•..-' t, it : ,{i ..t •t.S' ':y -? ??nv'r•„ r?:w ??•- "•k'. '1i+ :syXf "? f?.,.`? r.k. ve+ ?i :, iY y i J .l. ? ?;- r• s'.i ? c?ht, '°1. :' i, f ? 4Y •..jt`J a. .t:.`M .net 'i .:?`.' t,, ..,.; :i:..?' :, ;•`-': ?:, "='s ? "''4: .3A. err+'??4yk.z: ?'. RJ r... ?t...;.a ? ?'?... '1# ? ftk 9 tS :i I r1. ,C 1, ;a? +."I r`s'•: :$f''?u. ;;? •.1%r• _.:$•'„• _? .7:'ie :y{ .f,rr..$sstigt „ s{ F.:.r$- w 4 ?O r-.,. .:1. .r 1. ?..s _ f...? ?iT:° :.•l r2e=; ••?:: S' ry s:'-t` 4T':i? ?'.'ax?`?r. n. „r`s, 'S. '?J'.\ .rk>Q<e. .'. FS`. 1Cr;:t 'jet °:: e:J ,k :,.• " -3..5. {{ 1"i Yf:i 4rr., Y.> ..4'F...'F+l .?:':=4." `}?i i k }-i". r.r.? .' 3• hR win .fr 'vt`X• ..r'd.: ` -J, ,•) • t..: ?' a. r..y + Z>?•7 W.'., ° ? ..??sil.\. r'? .e>?i.•:1 °;1: .,f+..i°i! °',r '.,'?'w.? ?fi .k, vy -5?- ;e! "Y •n- .4?;;;k:,, .mot ?. `. 3 ?-..' ? b.b• ?„ ?: 1•:.,.;%?,? ??', .3.. ,Es?:s',.a?r:.S,i:'s ?':? jE,r.> :.'•?" ?w %? y{ ,v. ?'"_;'3:•.. l...w . ,.?5?`.0..?' .? ,x:t?rk1'£ ?. } ?' `ni• •?•,?,•. •?sf' r w'!t's+r.» :'j: r. ??:^ `e'`•?i".,. ;Yz'rf"''`+•.h.E+..hl.t .;:3??e k?.i `ki''`?;a ;+,? ?,,?s xSt ?fu ?'." 't- t ? x iv'"'3'" "F'S'rl, •.y. r.,w?; 'r5"i"',??ttx•.;P:,??1 ? ?ti-•?r. ?.?. `."y.z? "5 °' .. t .1 ??e +'.i: .i.5 '?' ?y.?.rf'ri•?t ;o £• ?'>i-'v:?i?'' `°'.t' r- ^?-` ='3•t? ..?;.;;?..Yb.' %v..?, i?,ti'3.?i`?'??-?e T.r<F?4-•.lrr'= :'3"Y«=? •?` r' ''? ?' ,?v r4p4 ,y' >i??:.. r-.F: ti, ,;8" .3', :s: :;1:• .??:• ,C?, ::..b.". .oti.-.Y.-,{{h??•.=a q, t.F? .. 4.. F a *'aro z? ° ??• t. s .?•a' •? S. -, R., .:` ,'r'? :.{" - s: ; ?`.:'? .sgS' ,t .yF:..,e?; ,'+i ??t s.,?3 xV .s:[ ^i ,Y k 3 .'?i€ r ?. : a• ' :sc » s..s .!?t:• r ..4R ?:r;%?t.: ;•S _ .1' .,5' •,. ,:rt" ::- i4.r„ 'j ?A f r ? ??. ? G' _S., .???'?v'?i ..??. .:a `N- ".:z':."?-':=` r :: ,:- :^«l..a "Will sf.,eF 1, •? ,s' ,r` ix .,. l?i t, ,nk?;-i?rr?y<" :w eS41-l•.'?5?.rR{f??? S3 J?f•S ir'k''1 "f:? ,?. G.' is i.. I, W Ito .'? :.f Sa???; ? rt•'? ?.C`. wyr l+LY .k• «. ?• •1' :,,. ..yY' ,},?? t .':+?:'irs ;^,?• ? 4r" {? ? 7° - '?[, 3 's' ?d .a•`.' `z :t':' rw ,lt C-. do ?. .r+?:":, JJ.r•N',; '.a,li4,?St * "r'? J'?I ., '?}. ?. " `?rr'l.b 7w K's?+ d 'era" :,r..•,J: ;'14i`''?r'ir t #?''.-' ?,,'?A s• 4,??R,"".4''' .l"It?.,'•5.?3-1?.1J'Y: ?`%?'S?s, ?t7''???k' `'s»?9sv.»t;?i+??7??T' ?R+•?!• ?r t°. ?? , ? ,,?`,?p,;• ,?. ti ,? ??,yay'? ..? ?" [? ?? ? li 1 t a ? 'd. T'. ? 7`. ' •'.+ 'a."., `sc q^ ?7 r'.i?w,r.. r.?r: `•?, f 4b..'" a ???MlM]Sb?"j•S S"'w ?.:' ? ?•?*? j/c d'1'6-',. i?h?? 1 S *Y?'i1??1'•??e}E'Tjl?<ct.+E+`.:?1?:.`_.r f e ,SY`. • • 4? ?, x ...1.? ?w¢4i4?'? .?.:yvl,J': ;',« F r w ? Y 1 • ?a?A ¢, k• as ; 4 .djo"s. '. •,, :. .. ? .i?7'y?`-,ZOO", 1.;9.•n`<7i.:.aZs tRi v:3"-v`.s v 1 t' - Wit, ?. ,at.?.?'. I `??-;??'=.ry t1 `,s5•'t.'"t 11 •. a: ?1.?I.5' ? L??. 13 `uty„,'.fRK .'°: ':l..?)-. 1 Y .. - ,,.C.. . r ?.?;>!` .ktr ????fri's_.P;`° cr'? ,'? ? " Agaat I?r. tis?rall ' 1. l ?p `,,:• ::-.. '` ; r , Mr. Batchelor q;;.f r:•'ff.,';. :?'; I:r. Baker :.z h . Yr. Barry Lr. Grico r:eF,- 4 Ilays: Clone 'sn= " Thereupon the J'ayor-Comz7isaionor declared said Ordinance duly :%;=Ys:,.. • said ordinance wan read its third and final time. f' Yr. Baker moved said Ordinance be finally adopted as read. 1r:r. =?. t Batchelor seconded the motion. Upon roll call the following vote was ` -SwF ti? ' polled, Ayes: Mr. Marsh 11r. Batchelor 1,.r. Baker Mr. Barr) !lays: !lone . :a i•f ?•' i?V'. ? Z Thereupon the:a5or-Commissioner declared tho m otion passed and Ordinance No. 427 duly adopted and signed said ordinance and approval thereof; as follows: panned upon its second reading. "`'` =r < 1"r. Baker roved Ordinance No. 427 be read its third and final • ' tilre. «:r. Batchelor seconded, the rwtioR Upon roll ball the falla471 r4 + `•`? ,•".V': ?".? ?.1,'•Ir, °"" , •'; :' ; vote viva polled: . te'a: %5. it4: ; •.t, 1 ' ,S ??t.I E:' ,. ?:. L j \^jr .t.• '€" :L°K y-Y :d ?t:;s °r' ?lr p: t'% °' ? ? } ~}' Ayes: 1:r. marah Mr. Batohelor ?,• " f i?a ; •} ' ` Mr. Baker ; 1' Bar p' j'?s =14 Cdr. trice r r Nays: Clone Tnereupon the wagor-Com:-,Aaaioner declared the nation passed and •' ["'" ?' ORD1ZTAI;CS NO. 427 AN ORDINAIT08 PROPOSIKG TIM CONSTRUCTION Or A "_•-:aI;:'; },.n;•F;,; i`'•=';. SANITARY SEWERAGE SY3TE:,i, A!'r,, TO AID IN THE Fr,:A1'CING ih'3 COST CF SA ='} CC.:STR"CT10?: PROS s t: POS11:G TRH ISSUANCE O^ ^272 000 RE1/_I i3] + 1 '??_?}• •,S.Ft#..tx CERTIFICATES OF TM CITY OF?CLEAR"1`AT_''7c FIOR27A, •Y'.-, tit f'r.",":•.^.,:' i'?!?1 =' ?;.y: , . •t`i s"'d..'.° 1- ..rE PAYABLE SOLELY FRO1: THE REVEIiLiS DERIVER rRCl.' ^ F , 'L _'.t?.. ?•,?•1 - • SAS 3A;'ITAgY SE1-7EtAGE 3?..'STF7.' ! »ikz ;+.'+x•r;,?-.,, BE IT ORDAINED BY 'PFB CITY COZ'CriISSIO2I OF ^::•' CITX OF CI,S'A1T.7A':7R err ' ti ?v i FLORIDA: = " r ?z X14;? ::; _, -i,= Section 1. Pursuant to Chapter 17118, Laws of Florida, Acts of 1935, it is hereby declared expedient and necessary to construct,-operate and ' +t ' g1,?:•r .'?' ' maintain a Sant terry Saworarge System (,herein called the "Project") for the ;??'; >Fa•,;.?i;,??„?S;,'?.;?,; purpose o„ domestic, municipal and industrial unoa. is ?ta } Section 2. The torritor "ithin and adjacent to the corporate limits of *' r?rar..'?•a the City of Clea:svater, Florida, is hereby found and declared to be the territory to be served by the Project. , Section 3. The estirated cast of construction of the Project is ,,4490030. •,;;F Section 4. It is hereb;• found and declared that no ayatem worts," Project or utility of a c:.aracter similar to the Project herein au?horicod is being " -} actually operated by any =unicipality or private company in the City of k ?xa Clearwater, or territor; to be served by the Project. s i tit 1?11e?.'„?"_.,?r •y ??...?,r,,, . ?». fir,,, ,•.?., .?? •??,, aY}.?? - R ?4 3' try' ' ' C."'i?YERtir?':•R?M r '' tI tC- .+.'r t .yt>`4ji,d'„ 1,')°":li 'l 1711c, ?4 ,'6.b.r''f _ . •1 vl , • .: <i '.L' .h?: r•.-, .Yi•f ?. > x «C+ • al? !'l?k?t'.i RSSr"«"Y .•3.a •.Yn •.S<_ . YW:: ;'La- , . ?I - .Y .t k. i 7l? Yw•s - _£ ^' et' '? y? "4 ? ?..^C ?i i+ ?• ' s' ?j .;r'z ?. fsw. ' J ;.4?' •? ? ?,?„r.C¢' .-+..r -r' ''S' C:'' •5«f. _ .. '4?•W?' f• ??t v x.' '(z M ?_ t:>'f, sT ,?. ? . '.l'?e• ;1: ;'a ' a?i .i (. '?:dE.- . ..! ,aY ?, dd??•.S• ."a??, 7?, •i.•.. C ,s ^? 1•' :{ A;? ??.. .ka -;,.?,...i •. r' •<`-:.'::""' Y?e_- F? .F' °ff't"`i=• S r}ry .1.> ?? ? ..? y-?.aHa ;?:t? C3t •.?.5.,,f .ta^: +" .t. ;-,t. 'r ,,.r:" ': .„.',t. Ke.7 ::rr?`:_?ars :'•..' 'Pi:....r. ..sf .:°?3,:`;^'?'... <'.L•-,.a n•'..:f ,.?.. _,'?j •'i:'"„ .s? •??? { Pr..??F•. ..?trky .:?. :'S.a.a 7 _ :+ _. ?.w'>:' +... s:..>.::_r., ...•. ?PnSz.e C•..Ar..? T3: ??•. ?i t:•e;' •l 7Y? .h:?im ?`:<.: ,5.° i't""%?' .i! ??: F^? ,=r?,`?°s.•-` :r. -;.rY:rnr. .r:'_Cr•?., f.>.. ?r vn °ai' rtu.. `.x '%?:? Vii. '•'i'% Rz ?, r''l?:q-.; ' (':;.?' ?E:-i. v y;r^'' - .f='! ..r y?..? $ CE-a shy Y r:`S , -,.?.: 1 •+).w4 >1. .11.?? ?x,',75 n:". , .?.s `S 5t i?: Sit^ W..>. .iS` r.-: L'?..ii.'.?ts.i rv1' F ^•!. lr.?. " -I- , i'.:;'1,. .?. t'?! ,.1?: :?? ?.?. .n a,, ..C., aa. .s:v: ,5. °.l ;r; '4?•: ?•ss'`N .?. -. ;i?,.'S...Y?a° 5. ZA ••` "ry?? a rr?(ti"'-fi=. r ,.?. d } •`-`s`4t.f •r:`1; •, '7r'? rJr .??_re.'r A..3?":?t •Y., ;?,.^;- ?? „a' r?,rr. kY PICA" ,kt"Y .{}?? M,?, i, t'„e ?i? .a::' ": s?.?" `''f:.. ?'z?:`i ? .••??:l.r.? f=?:-=i:;?'; "<"`. ?•,?1..". `a=:.4, 3. :.5t.....a ..,`,:?';?`.-• ,<J t: x,',&?.. ? ` .,'Y-+\• s ?Cr .3. ?: .s`..7e .,9 : ? ;F,'? v1 y^ 2 ?^: r'6 . ..l' .-y •- .k• ?:? %R Wit- ?S¢w?? : i.'i d+" ?-4±.,.? ak•-• ?!.j { "t:. °i? ..?• i =i' '.? ki it-i.c ' ^t' ;f ,a:.' '#:.?v%':k'.,., r : s- ..:r?"?:4' .r. .? ?.:w,? 'i.a j !:?' ' ? ? t..3. {'" Z -. r? , liF.'?..t «.;t., t'i',` -e- ?r:•> :.v''t° 'i: .^"?5. .,t..-o ;,';::r.'°?'L rs:.,???:?q-:Y .?. . ,t,:?;r.` i ?•_ ?e -. '?? 3 r t.>t ? x' ?" ?:v?.?> .C`:'r':•r;? `> a= ,a. 'a . S'? _: ?.:" ^b? .e•? ? . F ? . ; ? ..S:e ..,a .f...,{',r. .Y`.,>?. '4;" `;,r . ?' ?, j,+ i dts' . s, s °l?5ir ."tf,.s?,. 'S ?..?'.r.Ca:.' r'r' '.§.?r.. 1 ?»,?.?: _ :rt'?`•:' •^4 i? t vw. ^?, I ? l; . >c%.,. .1-rY=y .Cs'. .f ? ?`,; ? ? '? ,*+ •L ..,Z ,r. *YF•? .,,f;„ a •;3: `l1:' ? ti-: ;TL': ?..'......? r'r `Fr;.. ,f• .f.'?'?' 'te.1 .$? yy .$?t9 2'i:?+•n Y+?k 'afw „?'?A????Y??. ? •?'1 )>. .rF•9.{.°i? ''14•":`".i a''`Ay .r..-':-? -'?'.a°?• :i••., n.. ,s:. .;','3'' ?•l?rja>r?•>7e?;..e ,,-.? ?: .,. e?•7. .•tr'r,? tra:,4.}; f",`?•.- .4:l;•.r_?=?,'* ?;,.d` r :.i?: ??. 'a,s> :<r' _':S?;E;::;s?[:.``. r.,; .s,," 2':.'era 'S,; `' t• 'i + F .. . r ,>v <.•x' ?! 2d` ''1,•i' a1'„> ,r.;, )'• aa•,•,....rz fir, .s .. Fi : -1:SL4,'°' p' ') M.t?ht 7W? V42 r •?y"?'`!?' ?'b','?itc , n °.x .t r',. , r.. ° _'lr 'd:° : c: '•r. .i.` ??s:u'?na.:',: ?°i?'?'+?':!-. t"3F :>?' •r i; v ?s ?: ??-?Y±CI?'.S,_..,..SY_......x_i._s ... ,.. ,.•. .... >... '`t? _.. ,.t ,.. ._ ,.,• t...•S._r.?:'». __......i'?..-?:. ?z'..•1 .?,1...>._.r •..a....??.. s . .. ,... .rW'.S?t<e.,, ,r.'?a?f$`?° ?-? ,??-?._.} ?. e`?iilr-•ij fir. y??Zr ? a?li. A Y r r Section b. To aid in financing the coat of construction of the Project, in excess of the grant to be made to the City of Clear- water, Florida by tbo t+nited Stator of Amorica, the City of Clearwater, Florida proposes to issue Sower Revenue Certificates of the City of Clearwater (heroin called the "Certificates") in the aggrogatc principal sum of ;,272,000. The Certificates shall be dated October 1, 1,238, shall be in the denomination of ,1,000 each, shall be numbered in order of their maturity from 1 to 2720 both inclusive, sliall boar interest at the rate of four par contum (40) per annum payable semi-annually on October 1 and April 1 in each year from the date thereof until maturity; shall be pnyablo as to both principal and interest at the office of the City Treasurer in the City of Cloarvator, or at the option of the holder, at the Chemical Bank d: Trust Company, Now York City, Now York, in such coin or currency as is, on the respective dates cf payment of principal thereof and interest thereon, lsgal tender for the payment of public and private debts; shall be in coupon form, chall be registorable as to principal only at the option of tho holder; and shall nature serially on October 1 in years and amounts as follows: Yeah Amount Year Amount 1340 j2, 000 1954 1418 000 1941 21000 1955 9,000 1942 4,000 1956 10,000 1943 4,000 1967 11,000 1944 6,000 1968 12,000 1945 6,000 1959 12,000 1946 6,000 1960 13,000 1947 6,000 3.961 13,000 1949 7,000 1962 14,000 1949 7,000 1963 14,000 1950 7,000 1964 14,000 1951 7,000 1965 15,000 1952 8,000 1966 15,000 1053 6,000 1967 16,000 1968 16,000 The Certificates shall be executed on behalf of the City of Cleariater bg its City Auditor and Clerk and City 1.anager and counter- si;ned by its 2ia7or-Cotmaissioner, and shall be sealed with the corporate coal of said city and the interest coupons thereto attached shall bear the facsimile signatures of said City Auditor and Clark, City Lanager and ''ayor-Co= issioner. Section. 6. The Certificates and coupons attached thereto shall be substantially in the follc%druz form, to-tit: No. ,11000.00 UI)ITZD STATES OF AMTRICA STATE CF FLORIDA CODUTY OF PI!IZLIA S CITY OF CLEAR::ATER S>r EM REVEI:CTE CERTIF KATE The City of Clear.7ater, in the County of P`_nellas, a =anieipal corporation of tho State of Florida, for value received, herob• promises to pay to bearer, or if this Certificate be registered, to the registered owner tieroof, solely from t'co sinking fund provided thtrefor, as hereinafter set forth, and not otherwise, the principal sun of OI:E T OUSAI D DOLLI.RS ?. 1 (:.1,000) on October 1, 19 and to pay interest en said principal sup:, sclc17 from the sin)r??fund provided *.orofor, as hereinafter set forth, and not otheraiss, fro-1 the date hcroof at the rate of ' four per ee tars (4r) per arzst, Fayablo sen'-annually on October 1 ..T-'T^T?" .. ..?»..?•-•?Ir. ?.,.., ?•?+.. yam. r ! :tcY?J.'r?•E,?'a:r1 ,7"s '.,j•?"3.?'`.`•, +.a.wrw.,,y,...--. 1?411?-1 .. , tea ?. ?+1.:» t r <r _ m W'W' iq ({ •? 1 ,t 44 ,?.[RS `A `yM ' w'lr:'Z,?t'.' sF»{i .. r 1 i,+:1."0! 14r:4 her. a,, J,..4?'ly 4% .s..,:, r .. •r. :?i ?J".,:`"4-: 3 S, °x' 'f^,'.sn.. i`. -?y.:. _ -x. } 'i?. iir+. „r .?;..,, „__ ':;q'.:i.i::;-.:' e r ` :: r °! "L .Y:. 1' `'?;"?' §§.. .. >c'<•;`.'%•'" '?''i?:`r `:;? Via, p.'s ?. ii' •'teY 1•;.:` :P''= va ,?.; .ry.?R+•..•),.:.;. :?w'f-• # .?. ? ly"` . f lei • y. `. . FF?? i?'W .e?` F' ?t• - '? r .-Y ° ? ice' $ 4' J' :, .rrte? a 4! 't • ?'n%` •1?.a ? ^?. .fie. err .i? .C:.• '?!- '.'; ::.:^ y, ...:,: f.".:`o "?i+l+;??t. ?."< Y Y, J-:' e'f..?' .st'/'°. or.: •'.',:j' ?1 ??' `••r--`.. 11« '.rl 1 4° ?• •p •#vi .'S S:'' ,i' a+,. s?f•s-?, .. ray .'fN^+'s ic• fir. _ : ? n. r'> ?"'4. •e 'y . .r .? ?' x ` a• J`. .,:'?x<: . i... ns„ ?'? - e•?: s'.C' <+S M a.?..v . ,,,°• ,rr:. .'i' .1 ;'° .?? ??-..;???-.b' ,7?l:, c t sc ,:7?a •S` li}? ?J. y .r`. t.{°' •F' .i'r` 3 ' I'mo', ?['?< 'Y k ,bf ??,•?`??° ?'- _ .s..:'•3' ?. S 1. '7 :b -'v? t 6 Y y' Y 1 #'• '+`J:''i `i?4+,dr',,;,,f,`., "M-' ?<.' o`r's'' :>' 'E,""s : 'rt',?• ? j.'t'::f °'??,. r. r'{"?> ?, ??" '? ?t,;, ?n .? ?i?t, '? 4'i' ?'. .:?+.•• „.,•j.il:'i. ••r-;? •;a.?r_?".=",?:.p.i;l.:•+?'.Fr;,q,lv.,:r•,?c.: '?'i?! `' "'.t?ti"?' f''• ,!; .t,x f?? :r=, ? ir' s n. ,y, iTI,K' '?&i ` ?.?•!1 0.. '°' K? .•'? ;?'C:,'%r'-:` v''-?'^t't< a1 '`t. > '..?'tYti,r ` ? ?E,?'??1 • ECjs"? , , :.?,^¢y ,?.}s{'',?t;?f?+," a•;. C?6*t*-,-'?`' E , x`. .> a1 n ;arm y r:'r, g wa . v pw?wyj,? E 4.tj f tf C? f +ndAYC trt°P7N"wrl' ?? a: .?....£y. '' '}, ?q. r :, 1 A ; :f r 5 a?•r,l .; ,.}'?:,° } a, i-„?,• ? ? •t ? I4' F, . ZJ3???a z•4i ., r? ?'6?}'4'.r;°. r:°'-i.i: i,c? $kla S.(??„ i'f?y ?g `•`i 'S 1?1 i?`'y." •a id.'r: ?.``:: :^ • ??' e'Jt 5 ,. ; Ki fed"( ?'ra i r L, n?t?'a • :aP'? G ' :,? ? 4 ` FI,t.``'.5't? 1 111 i and April 1 in each year upon tl:e prosontation and surrender of the interest aounons attached hereto as they soveraliy bocono duo, until tho nnturity of this Certificate. Both tla principal and fntarest in this Certificate are payable at the office of the City Treasurer in the Cit of Clearwater, Stato of Florida, or at the option of the ter :'^q;,? :=.c holder, at the Chemical F]anl: Trust Company, Vou York City, VOW ' Yoric, in such coin or curroncf an is, on the respective Baton of i pny mont thereof, legal tcnder for the pa7rlent of pu',1ic and private • < ' tiF ,a 4516•,tti „?. '`` docts• 'Phis Certificate is one of a duly authorised issue of Corti- fiestas, limited to an aggregate principal w of U72,CO4, of like tenor ' „? •.?: ?. and affect exeent as to number and maturity, is issued pursuant to and : in full compliance with the Constitution and Statuton or Florida, pax- tieularlg the Charter of the City of Clew.-fate: cure, Chapter 17118 Larra )t,? ...°e1:.., 7 ° "'• ": 't of Florida Acts of 1036, and by virtue of an Ordinance entitled "An ''' ?`° ! •`' Ordinance Providing for L•'."o Construction of a Sanitary Seprorage 3;;storr., !• ..?' e: • • '. _. ,, :' and , ;?z;°;;A ;";.'.- e: •;: a;: to aid in financing the coat of such canDtruct' .on, fir the Icaunr-crs ,.. ,:5•.. of 'r?72 OQC Revenue Clearwater, Florida, ?,.• ., r rf Y.' t ,• - F- Certificates of the City of iSE;, payable solely from the revenues derived from said Sanitary Sotrerago ?. ST cter4t duly adopted by the City Commission of the said City of Cleer- "'A ??. _?,•,?;? r=>. f", t;ator an the 22nd day of August, 133E3, and said Ordinance is herab, 4 F=: s :S referred to, and, as to all of its tezxra and provisions, is lade a 's,, "r"'?'it••? -',?" {.«~ . part of thi ''t•. ?: °'? s Certificate .,, , FIK•'n'? - ;: J • .H ?'i";a? M is tii DDLe of :?hieh it i3 one are 3anuod is Certificate and the i t s 77. ?rj?',??,}" ,+:•` t 10 to a-- in financing the coat of construction of n Sanitary 5et7eraryo `` -., -r ,"',`•f? ) 3 t "2: S-Uteri and are payable only from a alnkinS furd in which there ztall c~•;c rro'°'' :?+:?i".f> ;s ' A' V ' ;;', f yLt+z ; j•,?e;f,::?:: r y. ?,t ? w.' ?.' 1 ',,a t?,,' o sot aside annually, in approximately equal rzont},l; ircatall*'cllte, out of the revenues and inccp a dor_vod from the operation of said .;'r ', '{`'lx ,r,'? rl w ??e < l • Sanitary Sewerage SJ~stors, after all operating costa hn`o boon paid, 1'-, , ?,: `?? ' '?,,;?, ,..• ?: such aua:a as shall be sufficient for the payment cT ? crest on and ••.;,•r ?,? ? `,?a ,?ry< , principal of said certificates as the same roapoativel; shall become duo, and thin ??? } :-' -_ ; , :,:•'R•"= s Certificate together with all other Certificates of ':-• ?'3P'fi 'r „sx'it§, ` "f=,.••?'...' ertificate is one and tf:o interost t}rez•aar, } " s ' the issue of ,hick this C, ?''<.' :i'y`:;i 4}. y',j Ar-. `'•pS§?e'?t.,; are secured by a pledge of and exclusive first lien upon all revenues ,." k• •r.`s y? ,ts`=`•Fy'= "S w{; F"jq • set aside in said ssinlcinr fund, all as in said Ordinance provided. i}:ia Certificate sari the interest the roan are not payable from her :fi ?rYrfe :,i' rid?: ;`,::,r •'s ..x>.r s ;: s4 arc a chow go upon any funds other than the revorue pledgod to the na7- rent thereof and shall not impose cn tax liabi.lit upon tu? real or , personal property ty in the City of Clearwater nor constity.ta a debt ::°.:;:,•.' ,i` -:????,y;,,',1 against said CitJ. :`°;' „ ??;:'„ ,t. ,?; ,•? ; t This Cort„f_eato and the coupons attached are issued upon the fell 1 nwin terns and canditions to all of which each holder and ,, .. E;•.' ° ?: g t r v? r a;:':?.,? ;,?;•,;: ,t%;: .{'€' f _ 5a•S3`•1.;,,• otsror hereof consents and •a reea: :.: ,,^ ?y.g^3•1'?t e? 5i1 r,., t„r, 14 ( ) } gtiY1 anti tr f re •.?` ,?,??`_?,?•??''T.?,'????'• ?.. ? , •"s•,:x. y,• ? ?., i;;?''? ,.` .y Sjr",''= a TiL•..e to this Certificate' Gnlass thin Certificate be 6 is s?,. ;' 1t?^ 1`r:°ly?;, `L;:t•: ',y• :g, iatorad as hare. _r. provided, and to the coupons attached hereto Vin ma`/ be transferred Ly deliver in the came ranner as a negotiable '?:';'?T i:?.:.; ?G;Yr ?/*??Yr,• , ' .='i`'F :- • "xi 'l „t;.,? instrument a t .r•.,a;.• .. J r 'f t pa•-bZe to bearer And r -j •'? .?r'(A,f?°.,,: °?, .bi?'?•:;'",! iM r •4??.1,Qr{?Si..r•?F?"Kj:,y-[ .a5. a.t d y.: S4e l''?r ::i ??? ?{ rf, ?T,;lurcf:L•.?•$. +'?'s`••.'°'t' „?°)51 ~''•g L:1`':5?`': ;i {b) Any person in possession of this Certwf.cata,.ttnloas figs r•;"'?'z'` ;:?'",r r' „;Yi 1''f^ 1;Y"'T7': ?Il: i}i -.:' x .'h. ?." d',• ZSyiY.? ,Wl:'S: l .!ku ',z'.•?:;??t,,.,j??;?y:??=',?f..:,??,??^= Certificate be reglstored as herein provided, or of the coupons attached y:??^?,????• r;t,': , , '{:?G`;i; :eiir.4{?'L;:F?° 1• i:e re to, regardless of the warner in which iie shall have acquired nos- ;s ?r s•; 3{ R; i session, is hernb7 authorised to roprecert hirtnelf &a the absolute ovmer r.P +.:, e , _>> i R1 thereof, and is hereby granted par-.or to transfer title thereto b7 deliver, "r ?,:,•:,' , ?3.° ??.-.,, 4,•ur u.y. ..ix.:. ,J.?.,y. , ,,,. thereof to a bona fide purchaser, that in to anyone who shall purchase -the Y'?;?, ''', 4?s'- .._a •,-.y Li}-iy`'y,;, :°?:?i: tti,.?i. v'.t?:,i.?? s..?° } ! ?.) sA> o for value (present or antecedent) vritheut notice of prier defonsos or `` s:;,.g.}k.?, a? equities or claims of =narahi enforceable aISninst his transferor, ; evo,:7 r"4 r t 7` ?1. ?.^ ? ti•',':.%v' T3'.i•,r1ZiL.•_?Ir'-rte l7 J? r.,k-'1'-r?n•?'r'c '€, ,;` .,;4;-r , „y ,, ,•,_ ?1 prior holder or or-Tzar of this Certificate, unless this Certificate be rog_s- .':•.~'St3^ 1 ^:5 .i'_'> ra;.:;?5.. :,1;i:' '+a:ix ' fir"., s < .. [` i1. `,?;?j'.'•' ,? renounces herein provided hisiequitie oof the r rights coupons therein 1,oreto, waives every and kr?.r?r ..E . `. )r ' 5, al a 4*• t"•fS{!;y Li" t':7?'1 9 ro4; 3 ` _?•? *: Ls?,!,;• ?i, ;,- bona fide purC}•.aaer, and ever;, such bona fide purchaser shall acouiro :',:`'? f +r? 1Re? xr:r•, absolute title thereto and to all rit-hta represented thereby; and ?:?,'=.'z•_s•• r,':;`s"„it• r3y?i, ??i"?,Tt??'?4;.,,?.si ?-.=rtit4:a?`?,?fi=+!(t».r?:: +F?: , . #'kT / 1111,,???r `'i,?„,ti?.<.'•} L Kr..' }";?' fwi`-?r'?t 5i`?' ;xr?C???.ti.',F-' ri ;.!`:?: }t` 4S 8 f:?P'.?' ,x€?Tf??'?'?'iry?i !` . :1. ?''? j??sr-??'?P `s,••',•r ?7r. ri .+. y? T .c3+, ?si, .??•, ?r".',`:'r'::' 1 _.'.?.`.;tF ?;??"ntt?S??",, ?:l ?L-?- X, ?j iZ?''r:.,':F.'tr;.'':i :•..:w. r;j • {?"•ty`''?';"' 'RI r d:','?'?, 7' ? i x.-r.r .,+ t" ¢?-' ..°•>? r ?JX r3:r' 3• ' F- or ?,'t 'ee !•x3ti :?'?" i°x. ? J; V!11 41, ???• a?•1 i r Yr?+'?P"As.??t'' ??'??4G?7?`.xy?x:' Y' air tl ? + ?/ `?.,'1."??' r':W w-T ??1-.'-`/•,-1•,, ! i¦ yy {{Sf•y •?.a • l 4ft 1 e n?:•M ?r44'!? ?:+q..!w» ?tr ?a}Y! .. , _ ?- ? , ? s .., .. • . - , I`r.1°_ , ,. t n ..%. {s.t.(w -w. F•dIy . Yea .f°( ' •r: ° :r '. " '.JY , ??'?}i `SSA .I ?:° ,. ? i?.t. '.l• - 4' 11'b .#? v .',.'.d' '=i.'':' 7 .'•4,. , r' t° ?„ .yry ^- 4, ti J ?°, .3?},' y,. °rxr .'t' ,Y? `r''•- ?'??.r r,t S`'>, y hw =i « [.:a". 1l'l '].`""' G 1 . .lie: i1 ,::?3:' n:i ..` ^•1'.i: ' ag rt -'? .r. . r?Y :iL'i;?7 •t7 s" ?'.8 =1 S ,'J';. .'ti: psi: t-< ?Y, ',r w?•m-aa -1..4.. ?,-,• -1 v „}t7 2 .? :J°+^rL.Y-'r•?• t'? .s °C .Fr.l g -'i• ~?tn b r' n Y ,, ' ,. 4? 'u N.. S. ?.1:+.%ji`?. .patio .•?m"i w" . L:. 3.7. `s !! s ..yt%?'.. L: fY. ( ??^1"%L}•(r ,.s ° ak o= err' .a':•i.'r "v' * i.•'{ i .'S "'F ?.t °V.';i^; .ri'.lp? [? .Ft[', .y. ,fW!•? ?1. ? ?. +`••ts^ J, '?5?' C. ?;E'1. ..`.1' {'e. :'3'. 'n1 's'?? e7 li't ?l-ri. ,? 'r yY r%?.•. ti;. ^?f... mow:. s.'• '?' .s _:? k ae. .'.`is' `6!,'J`?' ? I 'V r:.?°! .:1: toj -'?n'v ,"Y,, '?t': ? R 1 . '?' •' .1 • ry.?} #1 ?? . t t. r•^.. ? z i'f(GY. .b 's X71, q,? rw ,:$• .?'";; .tir ?'. :R` ?4 ) ??5,• .6'{'"?7 Fos:y ..E"r•.:'' .j` a .'7?e'y+,' ?.. -H { ,f' t' .>! ter'. ? ?r••.S' 7.- 'A; ::1.:'r{:sr.:u :': .' ?, y,. '?'.. !A >1 t7T ..r, ,.t'?3y 'i,'..,? •T?? "i J".`.. •k+ i:? -t'} a `4 `= t. ., .? ..' 3 v? tY. y. 2a '',?e,•-?.?;Ej e .r Ss?. :. $ ?,"?I .t•d' J? . ,?'`l ? ? ?4• f.a. °i Zer G ti nw?r.,. 'a`1 U?Eir{ ?a'ayy1$`iCask? if r Yr- S.t>t3?•}"`a'``°V" .MiF47isawN;,rr,a-rt,•Vi.:,w?.a.,:1;.y.....,:.,'+t.wwx,.}u.;..?:-.c;rt?;...r;, ?r'P.,iN'.f.,-t,^>r' -•Jw'•"a 3i " ?•"'1, ',4?-,rV? r.'3-;?•:"e,?.1•., 'tj }o ' `•<f N a"`"r''= 4'- gyp!, f -. t:'3•..y,;.•.55 ,1.°._..yfi.f,,: _li',z:. r:_,? ' - - b,,...; sri?..?Y?. . trTv?•. 'a r' - s/F?Sr ?.N. P.11: t•y,y/rY' F°ala k-':_ `1??';F•?`?tfl? c?' •.fi-°•? 4'.rfit: `'l?a, SrF? I' :.-!,2X?'hl??:"if'LS1•,w•!f?r-.?•1.w?C- 0,.- . ... I Ir .xy .•3rtS??, I?•i_rr,•?Y } {,. Iii` 1 ?i :'•1: ?: A^j. ?''??: ? Q J?3' .t , e -S r y ?r' 1 V 'J•??1?. •"t '. "= 1t{,t`iS; .Y1 1J3?. .r, •r if 'y`'4H'J?; jzi. :'ry {{?}1• ".Js,'J' •:'k:? ;? f•ct:. P;.,ji$!;;'.ra ter ?<. '?_G,i •.-??t".??. (c) The City of Clearwater may treat the bearer of this Cortificate, unless this Cortificato be registered no '•.orcin provided, or of the coupenn attached hereto, an the absolute caner thereof for all purposes without being affected by any notice to the contrnry. This Certificate shall pans by deliver",, no horoinnbovo pro. vodod, but it may be registered ae to principal in the namo of the holder on the books of the City of Clearwater, such roristrat!on being noted on the back thereof, after which no transfer shall be valid unless made on said books by the registered olrnnr or his logal representative and similarly noted on ire back thereof, but it may be discharged from reTistry by being transferred to bearer on the books of the City of Clearwater and thereafter shall be trannforrabla by delivery, but it may be again, from tiro tirmo, reaiatorod or trans- forrad to bearer as before. No such registration an to principal shall effect the negotiability of the coupons nttached hereto, which shall continue to pass by dolivory morol;,. IT I5 HEREBY CZP,TIFIID, RX- ITE-T), A,%) DFCLAra-D that all acts, conditions and things required by the Constitution and Statuten of the State of Florida and b; the Ordinances of the City of Clearwater to • exist, to happen, and to be performed, precedent to and in tho issuance of this Certificate, exist, have happened, and have boon performed in due tine, form and manner as required by law. 21: 4dITEESS I'.1rREOF, the City of Clearwater has caused this Certificate to be exocuged in its naive by its City Auditor and Clark and City I.'anagar, artd counteraigned by its ?ayor-Cor:-issioner, and its corporate seal to be hereunto affixed, and the interest coupons horvto attached to be executed with the facainile signatures of said City Auditor and Clark, City Manager and 1:ayor-Coacnissionor, and this Cer- tificate to be dated the first day, of October, 1930. CITY OF CLEAR4A?'E1, FLCRIDA, By City Auditor an _c (seal) By City t:anager Counts sib d: ??• L,4 (VALIDATIOIT SIiDORSE=!T.-? Validated and confirmed by decree of the Circuit Court of the Sixth Judicial Circuit in and for Pinellas County, Florida, rendered on the day of 1438. IN 4''ITI;MESs ,7FER7OF I have hereunto net m7 hand and affixed the seal of said Circuit Court this day of 1438. er c o the CircY our n an for Pinellas County, Florida. (FCRLI OF CCUPO:v ) "f f 1, 0. "''20.00 On the First day of 15, the City of Clearwater, Florida, will pay to bearer, so e y ira°m the ravenucs pledged to the payment hereof and not cthor.4 se, at the office -f tho City Croasuror in the City of Clearvrator, Florida, or at the option of the holder, at the Chemical Ean3: Z. Trust Company, i?er.York City, New York, upon cur- render of this coupon .:20.00 in such coin or currency as is, on the day of pa,;...ent e:aaf, legal tender for th^ payment of public and private debta, boirc six months interoat on its Surer Revenue Certificate dated' October 1, 1930, and numbered % rL q.n rc ti -. WOO-; I WR 14 + «.. i?rr.iln!* ...,,.., r:,•f.........,,. ^.s, ,•F.. , n k . - .r M, 1!!?!R . F -s. s• s 3 , r ?r_- h'M1w T. .S F ,A F 5` I 'ry lnw 4 a '".3 s-:E ?? of . 'v, Fq . 7> t ',r Y "x 'n •. •' L" 5 .v!'• ulna' f 1 1? ki s- d - i' 2• ! 1'4 g j/ ?•y` •lYr _ •1' a. 1- n= i i<. MF'=: •J',I,ti 7 A,: L°'• -C... %4?1N ?° b ?? .blIse ,?`tii.t :t ta:' =•Y:+lt •trF:ti%','ia",?.>ire.i.....:as:. b€ .:3'f:ld. . 1? ,`r Y. :r t' . ;a•.: rW.li,G+='• ::.x'r§C..:r(?`Y.a ,. •-i:.`.+ ,H?t •'??•" ? 1 ;? ' .!late..' ., l,,r _ _,1 ;'«•.F • ?,, 1 • .x r,,a. t•' .3f 'd+aC..e N+ EH4:r .n?7'(s'1'.' Ls:.; r:o, s, ;?i•?i?STs',.,_ ? ?'a '??'.+ ?=,e-?' ?« ?•: i ??,•"? ^€v,; •.m ..? •, . ? ? ` ?` P ?t ;' ?. ?. ? ".',?j d• I ;y ?,•... .`:• :,ty'.°• 'fit ,.?., s,i f ?• 'j.s''rt? 41 i ''?t? ., rye ?- t3 ?•??•. 't?. ?• ?". i:••rl':FF? ,r::!' .t:i is ,r ?eiu???' ?f1?.ii?; -;irr •:i•: ??: y'r 4. ' is ?: :• r1 'r' 1. r_. Sr. !r,'..°? t• s• -v ..1• ,t3- s I, :i .C ?r••..-u^ sr `?<^; ?eC;`•`?;ell `'? " ( U-01STIV.TIOV C_-::TIFkICATZ') tATZ Or RE3I!!TRA''IC1' NAVE Or 11EGISTEI:ZI7 5IGi'.ATVRw OF REOISTF.AP. Section 7. The City of Clearwater nlinll keep books for the registration and transfer of Certificates at the office of the City Treasurer of the City of Clearwater. At the option of the holder,'ary Certificate tray be registered as to principal in the Certificate Register of the City of Cloar::ator, ^lorids, by the City Treasurer. as Certificate Registrar, and such cor- tificate may thereafter be transferred on said Certificate R,Sistor only upon an asaigrment in writing of the registered armor or of his legal reproaehtativo, duly acknowledged, such transfer to be endorsed on such Certificate by the Certificate Registrar. Such Certificate may, be trana- ferred to bearer on the Certificate Register and thereafter traneferabil.ity by deliver,; shall be restored, but such Cortificate shall again be subject to successive registration and transfers as before. i.o such registration as to principal shall affect the negotiability of the coupons attached to such certificate, which shall continue to pass by dolivory merely. Ila charge shall be trade to any holder or owner of ary Certificates for the privilege of ragistration herein Granted. Section S. It is heroin proposed to C,rant to the City Auditor and Cleric Cit; I:anager and Mayor-Cosmisnionor, authority to executo at one tiara the Certificates in the name of the City of Clearwwater, and Lo grant to the City Auditor and Cleric authority to affix the seal of the City of. Clear- water to the Certificates. It in further proposed that the City Auditor and Clark, City Manager and ::agor-Ummissioner shall be authorized and directed to cause the coupons attached to said Certificates to be executed by their facsimile signatures. It is proposed that the Certificates shall be awarded to the United States of America acting; through the Federal Ehergencr Administrator of PpbJJa. Works at par and accrued interest, and that the City Auditor and Clerk shall be authorized and directed to de- liver-'the Certificates to the purchaser thereof, at cno time or from tiro to time as he r".ay deem advisable, upon receipt of payment therefor. Section U. It is proposed that tk'.o Certificates and the interest thereon shall be payable from a sinking fund provided therefor, as hereinafter set forth, and not otherwise and shall be secured by a pledge of and exclusive first lien upon ali revenues net aside in acid sinking; fend. Nothing in thin ordinance or in the ordinance authorizing tY_o construction of the Project and the issuance of the Certificates shall be deemed to create any anc=-brances, mortgage, or other pledco of or charge upon any property or funds of the City of Clearwater, Florida, other than the revenues pledged to the payment of the Certificates as `_,erein provided, nor to impor.e any tax liability upon any real or personal property in said City, nor to constitute a debt against such City. Section 10. It is herein proposed to authorize and direct the City Auditor and Clerk, upon receipt of payment for the Certificates, or any part thereof, to sot aside and deposit in the sinkinC'fund (her:inafter rovided) the =aunt of such payment ronresertir_r the interest accrued on any Certificates to the date of payrzer_t of'the ,piurtl:nse arise t'.•erefor and t:'A amount, if any, of such payment wl-ich shall be estimated to accrue during the period of construction of the Project and for six t»onths thereafter cr, tl:e moneys proposed in this Crdirance to be borrowed. It is further proposed that ho renainireg arcceeds received by the City from the sale and delivery of the Cer» tfficates, s!-all be set aside and depou ted by said City Auditor and Curl: in a separate account, to be knowtr, as the"Sezer Conctruetior. Account" in a ban% or banks v.':?eh are r:er"bern of the Federal R©servo Syaten, t:_e mow.©y in said account to be used aclel;; far tl;e purpose of pa;rinr; the costs of construction of the Project, in the :-inner and subject to the tter.^.s and conditions Provided. ary contract or agree- nont -with t::e pi;rch_asor or nurchisers of any Certificates; ani unexnardod 0.9 ?rq 'r , I i 1 € I i i . i - i { •F, f IS ' • r9 ti, a l , r r.3 ljn? % ??r??}? sL•'?Y?'"!'h'it.^:=(o'?: .? i?:'4 iy r1 rJr.1? 4 i ^ a , J .1 f?4 91 ^t ? l4WA .s s '.,Zr?'r sib, S,. , F M a ) ` C' ZFPS .t}.c Y.?F` ?t .iil :f.l 'g• .F,. :rT ?y.,. -jy? ?d. "$r a7 ? ., k . e.+SAa?\a Nr .? • f96Yf'°r+?r 'a •t !^1Ndw?%i `{'Y •-•? ~`. :` ? ` `•.? ,' h:?7 ti + j?'% '? s 4 3PF.?rrl"yy .n'..n c&a. ;s!;r.Z'?`?.#•i..=al,??;...-r:,.y ,?.r. .»s,t'' .a'° °" ` ,, .,_,, +, f 7> V '"1 9' ;?r ryv` ,E,,i+. •, .'kµ I.?r7 C{'a"` ?f. s' .v:1+.:1 ' "» l i.^i`iaA.w k 3!' .r r•.: 4- ctiri?si.??1..- e e is ..yi' 3+a r''?l ; + t• `' '. t' .,i i??'y?' '•115x'' •it ti 1,:"bra • ?h: ^?:.?' • `?s:;•?'-' f , ,SS`, ?rf r?TV-a mil, ;+>.,'.l.J?'?5:• zl'p le•• ,F balance remnininr after the na.tront of tl`o Conte or ouch eonst:ruction ahall be used for the re-purchaoa of the Cortificntes at a price not to exceed par and aocrn-.od interest, or shall be not aside and deposited in the Saeger Revenue Sinkin:- Fund. Section 11. It is proposed t1mt the methods ox roea ipt and disburse- riont of the stross revenues and income derived from the operation of the Project shall be as follows: The project shall be operated on a riaenl year banis, com- moneinr the f'_rat day of October in each year and ondSr.r on the 30th day of September next following.. From and after the dcto of the complotion of the Project, the City of Cloarwntor shall pay all revenues and income derived and obtained fron the operation of the Project into a special fund to be :mown no the "Sewer Revenue Fund." In the event that City of Clear,iator or any department, araney, or instrumentalit;, thoroof shall avail itself of the facilities or sorvicos so rendered by the'Project, the reasonablo value of the fasilltlos or services eo rovAerad shall be charred arainat the City, or such department, agency, or instrumentality and shall be paid for as such charges accrue; but nothing in this Ordinsnco shall be con- strued an roquiring the City or any department, agoncq or Instrument- ality thereof to avail itself of the facilities or services rendered b; the Project. The revenues received from tln city or an`y derartzont, arc== or instrumentality thereof shall be deemed to be revenues de- rived from the operation of the Project and shall be deposited in the Sever Revenue F' uud. The City hereb;, covenants that said Sorter Revenue Fund will be administered, held and applied by It until all tiro Certificates and thu interest thereon and the interest on an, unpaid inotallments of interest shall have been fully paid and dis- charged only for the purposes and in the following martror: (a) Into a separate account to be Imor,`n as the "Saner Operation and Z:aintenancc Account" thoro shall be paid each fiscal year in a?nroxittatolg equal monthly !natallmonts an ariount sufficient for the purpose of pa,ing all reasonable expenses of operation and maintenance of the Project for each year, but the amount paid into said Account Burin; any month shall not be less than an amount nuf- ficiont to nay tho reasonable expenses of operation and maintenance of the Project for such month. The moneys in said account shall be used solely for the purpose of payir}r the reaacrablo expenses of operatioq and maintaining the Project. If in any nonth, for any reason, the City shall fall to pair the above required amount !.nto said neecant, than an amount equal to any deficiency in the amount 7nid into said account in such month shall be added to the amount othor Ise roqu+_rod to be !-aid into the Account in the neat succeeding month. (b) Into a separate account to be !crown as the "Se;rcr Sirlting %ird" there shall be paid d:trirh each ,oar in approxir.atel, equa.117 month% install=ents after nakirc the above regtilrod na;rments into the acuar Operation and ::a_ntanance account, such amount as is refit:_red to pay (1) a sum equal to one hundred ear eontu= (10C°,) of t1:o pr_riclpal of all of the Cortificates rx-titrinr. attrinr the next succeadin^ fiscal -,sear, (2) a ann equal to ore hundred per centt= (100;.') of tl:e interact t'ocez:_n- dye on all outstanding, Cortiflcates prior to and on the r:atur- it- Cate of the principal t::or-of in such ne::t aucceedinc fiscal 7oar, and in addition, in order to provide and continuously raintair, a re- serve in t?ie Serer Sinkinr F1us14 (3) a s sr at least equal to tvrent-j per contur.. of the nJ rrogate cf the amounts defined by (1) aau(21 ; pa^r•.ert of '%a add_t:oval ar:ount defined b-,• (3) shall be r•.^do, continued and reeont_rued until there in, and in order that out of all r nda avail- able for the purpose there may always be maintained, in said Sewer Sinking Fund, = amount equal to t1^o aggrorate of the amounts defined in (1) and (S) plus all the principal and intorent !aymerto waturlnr and bsccr~ing duo durinr, the next two fiscal years aft\:r is fiscsl ,e&." referred to in (1) a:ft (2) above; no paynucnt need be made into the Sow3r Sinking ?And erlen -r''_ co 107,; as tl:o aroi;nt :n cc:: :`anT is at lerntoqunl to t!ic nErregate -•rinclpal i.ot:.nt of Cartificaten t?ion outstanding, plus the anourt or interest due and tl:eroaftor to beco::o d•--e c" said Certi- ficataa, but IS in any month for any reason the City 91:all fail to pay '::to said ?and the a;.e .zts l:er :in requi_ s+w, that: an amount equal to any dofio_lorc,• in• tho =our.t ^a.: :..:to 3a44 Fund In suo"i :non'.'.,. al:a_l be added to the a-'sount ot'_er tlso requirec'_ to be 7sid into said f ;rd In tro re: cueaeadirf mon'll; an•,* ronc-r at =- ti:na -a_ _ to t' c ?or;3r Sinl:- ia .:„'2'1 ahall?be :geld L; t:.e Cis ir, trust f,rrt°e berefit o: tae •r1,ldars rrrn ti -:e to t.:•a of t%n Ccrt.;ficat'an ar.4 coupons at`.acl:etl Clt3roto entitled to be -aid :rcn Such :-one-, srd the L!t; a:_ail not 1•a•,e an; bonofiaial ril%t or intcroat _r an. cuc- =oneys, all .:on la sold ;'bird n',nll be t s I", J • ?ri`y3' ? -;i ?^;'?. . s' Fri ' `A 1? iS` ?S''S=•1?iti•J['..,,,. i,aFii „'???r i'?. r, f,?.: iX.. 3_ -.4:. : t' ?•rr:"-x t±udr'?.?r.• . E f+?11?t ?*1?''??'!S>"i•f•{'?t'•?,?•4?-?if ir?++t`????. 'Rr 'JJ,i[;.r.5!s?f7ee *,l??Y.r. ,sSi` yyk V,yz 1 w r; .i; ?ij iY Yw 1 . &IN V , .r i?l • . St° rr of • ?? "?: a.. _ '• . i.e,?,+•Cr tx4 '! F ',': '.l'? :f.•i .silt ..:. a ,?}.',.. '? i n? 'PJ t:• ?Y. c t•._ ?1. ,.'•:},?" ':lam .'1.. 1?;••-. _ ^,Yi•:- °t .,. vie .i.:.l',• rc' ?'+ 1, •X, a• Y x f fir' .• ...}• "^r., -le' .:•f""fit .$ ' e?i'+a:t; 1AP `t 7. ?. ..t .r` Af ±•r ?' ^{ •'.'y+`'jt a •.i e:'. Aw vl y x ;: J:'rte Yi?'(° 'S'• 1•'•1` ti+i', ?i=Y ,r?a rig ?'a4, y 7i.. f' .•„t''..br -•? 4 .°c• .Y` ! '?.'.. A°r ,Gtr+5<. ,C ',' ? t skit aL' . ?' -.fie •9 s.-T Kd:a .-act .,?--' •r • "v 1 -J %X ! 4' . E ?° a' ? '• v •^ '?°;t _ e . , I'd . Yw. o- ?.. .. .v" r5?• S'ti '? ?? t?;'° so . ., ?' ' .nz ° ?-- c.sc'.i..,:3;•: °r..?i ?a',.iY?'• } "r•t `:w. ..j ' 6? ^,^5Y ?IE S.'t?? O ? ,Y a?', :t3-• f". ?' .t .k K'>? abf,: «aY ;t c. ' t i 54': a • ':.: .1 s .?5"„' }?, "F ?•r .? ? '-a.?1`c,; bi_n].':• ?a-ir v+. • ,w,r:Y ', tr.,k ? zi?'E":?y;''+?e+ .. tzlh? ,.':a?x ? :rrk ,I, w. ` .+.v?g ° -?C. ..F.: i'.g,?I`.}6 ?. ?'?'3'y c, ?? '? ??3,r !i„ .. ..... y,? •?..,r• ,;? wyd?,?F," ?`?.?,a???' y?fr ,: r'r?"' '".•: t?, ,? bb`s. Y "_"<''., i ;' ?., ?r ?t?-:.c?..A jr' y.. +,, a ? 3 i?:.•°;'sl.,?.•' Y :.• ? ? '1??}??t'4?k?''tx=£7{`?.? °£t'f?F3N??;?;A ?'':•i?'.:'.!; "?;'o;--.:e.?s•=6'. - I d. (74 w.?•"'..iit?t??^?'??}rfhiti.??i.?``?jrr? ''' _ "`h"r...,J." 'Y', pi',s`e;,' :x$yf?3F'iz l;.? F ??^ :IY's',µn i'; ii •i; , ., - `i r`€t?r ?4 ??:,'r riY>f: Xl,?f•i. ? 4 "'o . ,"{..,;•9,vS•;1'''r"?':tic ,, :. ,,; j,+, % 'A -'I:,1.'. %}. .?t;•'- :: jar y •{.':iFt?.. i?• '• cult acts'., ?:.L' ?ev ,i l;sty}'FM•: Gr. i?1?.` i•i ?:•y•:?. ?,?+I •?:r.' :;tl f, •:,???i:; .?: .';l?;,;3,- ,'til;;. •./i,.,$a,:'°Mh,?E,taA Sts<<'t'!'..;l.y „'"'+sq;?;•r4 }fir` . ?4F?1 ??-y`;;.?, It3';?•J"Y.:S;r ?.. -'r '. S'. ?;/.x? b. t? X-1 E2 [f „tom." 3rsx -{. • 1 . ?,4.;,y - Y ., dewasitod in a bank or band:a ihich are rnzbers of tho Federal Ronervo 3-.acom and all aurrs in excoas of an amount sufficient to dischargo all p.•lnoipnl and interest payments to becono due within the next twelve months period shall be continuously scoured by direct obli- cations of the ignited States of America or other socurities approved by tho Federal Reserve Board for the aecuring of trust deposits by ; national banka, which obligations or other securities shall be at i all times at least equal in markot value to the amount of rgonoys F In the sold fund to be secured; the moneys in :said Sower Sinking Fund shall be used solely for the purpose of paying; the principal of and interest on the Certificates and for no other purpose. ; Section 12. Any funds remaining in the Serer Revenue Fund, after -l'• rr' „ provisions for the reasonable cost of operating and maintaining tlio Project, and after paying, the amount required to be raid into the Sewor SSn3:1- ,; Fluid, as above provided, may be }tied by. the City of : , •, ,' •:.,',;''' ; Clearwater for the purchase of Certificates at not exceeding the principal, amount thereof (exclusive of accrued interest) or for any t: other purpose permitted by layr It is proposed that the City of " ?'•?''•'"'"' Clearwater shall covenant and agree with the several holders and o'finern of Certificates as follows: (a) That it shall not voluntarily create or cause to be ?R-??? created any debt, lion, charge or encumbrance upon any of the revs- ;",G3't.': ;•j.,-?,?'_ 'aG..,'; nuns pledged to the aayraent of the Certificates and the interest r,;,.,,? o-a;:5fs;?:.t?;a4?•r`?Y`,'s.}{?i ; thereof except such no may be junior to the lion of said Certificates and that it -rill not sell, mortgage, lease or otherwise dispose of or encumber any property essential to the proper operation of the Project i AN (b) That it will at all times praservc and protest the security ,•'??Yr, of tho Certificates and the rights of the Certificate holders under this Ordinance and that it will at all times maintain, preserve and ;seep, or cause to be maintained, preserved and kept, the ProJject3 including all a. '?:•'CF1' ?rr; I.?l???'„'sir: t_'i parts thereof and appurtenances thereto in good repair, working order { ; •,?1 ,? ??-? ??.? ;a???, r and condition, and gill from time to ti=e make or cause to be made all necessary and proper repairs and realncemants so that at. all times the ''• ?;!• " ???.7?;, "+:;?'?dy?,?'?• }, business carried on in connection tl 0owith may be properly and advance '?5 (;q t(i` "Y`' 1 tageously conducted in a canner consistent pith prudent management; . ip ion uithtthit will at e Project aslitimas proscribe connect '`; rates ; r 3 ?x F shall be at least sufficient after making reasonable allortanees for continrenaleg and for n marg_n of error in the ostirwatos, to maintain. •;' t ,tsar';. the Sorter Operation and 1:alntonarice'Aacount and the Sailer Sln3tinz :ltrtd as proposed by this Ordinance; d) That it will at all times koop proper books of records b s.a +? ?t!•r„ ;' ( and ?? ,4.:.;xrf. •,? , ? . ?;:? ...' . accounts (separate from all other records and accounts) in rltlch acmple to and correct entries shall be Glade of all transactions relating to the Project. The City of Clear-rater will furnish to the original rmrahasor' or purol,.aser of said Certificates and to any holder or holders of any of 4 a said Ccrtifiaatns at the written request of such holder or holders not j,• r'F' :' -' ?^k •? '4.,•:= °,? : • ' more than thirtrr days after the close of each air months fiscal period, " =??;:t•;g? •f14,?;?,?wy;;,=~:'' cog lets operating and income dtttesents of the Project in reasonable +''t ?' '?+?.• ='ta detail covering; such six months period, and, not more than sixty days S-.Jg r5, _ after the close of each fiscal year, complete financial statements of ls?y? ,;:..'Y , the Project in reasonable detail covering such fiscal year, certified l,?;s : •S>'?.YE: 1A ' n.;: ,,f ? by the Auditors of the City of Clearwater, Florida; =l'?: s (e) That it will maintain Insurance on the Project for the u„? w, ; C? ^ •?'?--1j i benefit of the holders of Certificates issued under this Ordinance so '°.E`'t 3+ $',x `' outstay any Buell Certificates ror the interest therecnshall remain e[;?`,1 ;?,^ti:l ., )•?;?P iti -13- E or unpaid, of 1d an in an amount which usually would be carried by a private corporation operating a similar typo of undertaking. The proceeds of any insurance, other than for Loos of Use and Occupancy, ahall be used only for (a) reconstruction ro- placements or repairs, or (b) payments Into the Setter Sinking F`snd, "' k' `h '4 `• `? "' ?' :'•:,` . ajai'•; During any period of Loss of Use and Oeeupanc;,, total or partial, resulting, from risks and perrila against which other insurance is or ??rF?Tk :`??t =? ry'??'•.;.' should be carried pursuant to this section the pracoe::s of an; such use and occupancy insurance shall be .aid to the Sewer Revenue Fund :"^,_a- y>? '`•{ .,gr,:,; 3 and slIall be ndminis'sered, held and applied for the cane purpose and V". t ae" h?Lr<b l in the sa:.s marxe++ , as provided b7 t1. ..1a Ordinance for the use, dispo-' "y.,'.4, V. s_tion and application of the =oncys in such fund; ' S3Y 'k. ifr` `yw hy., k (, F [S?.4v;?'R`jt??;33-y l'?Y`J`??{7.f,..,Y??,t ?»•Y.';I-'• f. time Y' f ? i l •?h,: ' ti ?•1%:?' F [? ? S e.r .?'.?i ?f vwy; rg .r?f. 'd Y• ?? htiY+•.,L '•?F °F.r-. ,-.s _ 3 ' 7+ ? •J. r'` .?. °i'• :iii."?•s .'i ?.` '?' t. 'r .eC :°'t.. "•y. 'ice •.i•F°' «t'??' 1• §2'. a.ifir?a,».s..,,.,+., "?t`3: ?:i.?:?. :;;? .i'° _ ???;'?..-r.:,_s.?';?'.{;-. ,,... t '..?4, r.r• -f•:;: t? s y ? Z. •`3 . ?'•i xis ?.'f. ,?. ,f c _ :'i •..,. r,'a . af" .??'-.'.?2' .,..+.'..?t'.': .?-`::?F ey'. ;..-l,3>?.J.•, ,. al.e 3E by,?3„?2 ?? 3;?ff'S':`? 3i_"?o,?,.?i; .%??s?.9.f?i`.i a"v ?•1e`•?ei:::?'? ':i ;?.: .;?a::?.H" - ?f.?? xf,!. [?'_` °.?::° ,..1X;?t `t? i.a'.' 'i-"t :. <•.?:r?.?.:: ''f, s Y? ...?;^ ,t, .p. -,1?,? t,.???..:?-,; 5,• x '#" ,t ?-9 a%• .'t. :'f , Y ,F!.ls? .}a.)? h° .?f:. ?l-? -? t. ;1•.\s 'dr '? >•€ +"?,fi , .,? '•,!', -ti -..?.+.3 '.31:: • r 7 °., .N .: ? ???''"?.; "-??" .'?".4Ti"s?% ? ?- ds' S ( r?.3 u::.. „,.?'fk+;"..,.' f ....11f '' 1¢"i', ;'f... ?'', V'. •'?1.. ? ..t..° 4 , 4.. i'.d ` ';4 C. :•y. ? r ;? ti. 1". .1.a; ? • n. ??W:? ., afe,<.r c .i?..:r': .l r .v.1; hl N" L'1.... ? ,aF-"°,a:'? n7""' xJ ? „c?. .;?,?:`•?., •_3ir. t„ t ;.?. ''i. '?t..?'?s` a.. _ f. -a?':: ,,.?-(, _.?Y ? .a r ,?+ ?°ry?. y . w .f .. ?r?" .? :• .'; t.^iY 3, •.?,e -,t rs'?-'' .`.'E{^ ::?6 y. , ..'S'?, [. G. ? lZ • ?. k ' t': •.YF ' ,.A ??,• .. 5<,.ry:" :,t F- . ?n.-',''' ri . ?ti i? . i ' ...1'j.tL ,y.{ .L•.: .. ]n`' Jlx•?• . ..rA a ,?,, ? . A ? 5i .:h : .?". .'.,ti{?. r.?fr., .i;$=•i: ?•..- 4. ! : Y • c' i. ?, a? a ? G •, ,n^?i °+::'.,.4• 'F, _ xs. 4..'. ?t?. '.a ,X'?- -e'r'g. , ?' •l, r,?s -L•"i ? '?, .?. •?{i, '.a°e? >'i ?? .;..- .a.i`?"?-'. t• ?. ? "•a` .e .s ?. 1? c '":?? •f w. ?? 't?f;r'?C^ ".?. .rte°;>_": ...? /'?".' ?A.•.. ''t'? '-t` ,.< 1?; ??' s ?. :?,5?,,? : _ >K.,i!•n flat ?%:' . J' „iY'?.'w t}, tx L;i:: `, G'{,.rxf ?;:.. ?.' ?l .u.•:. ::F'. ••?' ..a???li? . Yv --, ?y?,3.'.??;.?Y 3E _ v. r:._; '??e•a: ?;.°.'-.J?=sf :'i.. 'ti ;,.7 .?:"?v°'• j? it #' 'Sj ?. .".k +. <.it.•.?: i• 'r i' i? 't>. .a ?. •4?%'a; ??e. •I rd.•a"-:, •S€: ?-:<a1.?'' 91S c.,?!•. ^? ? ? ?'?• .Y ?';.it ai;A A..?, s. a:.. ^L- :i.?? ^1.. :F.^ ?5t .? 6 a„`:,. 7??3 "? .? d`" -<f. .-t.. "?'1 ` '?•?f 5: ?f' •: 3, a tiitf?we a_:,°.` .x::. .? .T ? C A., '? -F, r 1 .Y. ,. a.:?•?,. -.3..x ,?,?,? .f":`' .t",C?°?,` - t °• -9 ::, a?r '?C. r q rd - :?:• z`: e?i.'?s'+.,;' M?yir }. • J 'd i? y't .? "? . S,+y y n 1:'e ^.,:: ?.. • ` f - v?',P L•:4" • . a l V ., ?': ,Y`.? ,.''r i1 [5-"r yr??k ++FF ??l?' • h t?? ?S?` .i• ?:.'? • :?i.„ r. .+'1,? ? ? •P T.: x` ?'t. .:p) ?'i . ? ??? f.: •. [' ?isC'.. Ps. 'i" ( & Y r :r ` :, •ti, Y ° lY 'r..°°-t sue: '' } `.s t , , i. ?..'..st. ?._ . ?ia31. !.' _.i°icG'i..,_4Ea" .. .,: . .. ... ..... ...... .. .. ._..., _. .. .. ?a _un ?.... ,w,e T7 V? V? - v1?. •• I .'jam"r;x'3:f;•Cxrr '•_i'. Y' f• . ^ltii3.':a?Yr'? ;aft' ?#3,?.i';. .ifs •,:? ..,. , ..te?. ?,'a. ;.. '...'i_t?`4` 11'.'"t'?:'. ?., E'er ^i'•''?.?C'.?: ?' ?1',t{:'??':' , 3 •'? ':S'aab'.;tll'.t'?-: ; <.?_; air; • '?'?°??M'"<'??""? x:. ? `;3< .; .t.•? ? ? ? ''t•'- `y'"his:".? ',t;31.; .l t:.. ..l6; .:y 1 1 _.1 r;- .d*- -"m- ' 7, 014,4?, f I .i. t, •- •3j o 3 (f} That it will permit at all roaacnablo times Be long, as any of tho Certificates are eutatandirr. any haldor or holders of w twenty per contum (205) in principal amount of ouch Certificates than outstanding to inspect the books and all accounts and records thereof. It is proposed tYat none of the foregoing covenants shall be construed to roqutra the expenditure by the City of any funds other than the revenues received or receivable from the Project. , Section 13. It is proposed that, in the event of a default in the payment of the principal of, or interest on an Certificates, which dofault shall continue for a period of sixth ZOO) daya, the holder or holders of twenty per centum (201,,) in principal amount of Cer- tificates then outstanding shall be entitled as a strict matter of right to the appointment of a receiver, which receiver may enter I upon and talcs possession of the project, operate and unintain the same, proscribe rates, and collect, receive and amply all revenues tharoaftor arising, therefros in the sans way as the City itself night do. It in further proposed that unlona the Court shall otherrriso direct, whenever all that is duo upon such Cortif'eates and install- rents of interest and to any of the funds or accounts proposed In this Ordinance to be established shall have been paid and all defaults made good, said Receiver shall surrender possession to the City, and that the satre right to a receiver shall exist upon any subsequent default. It is further proposed that this section shall rot be con- strued to limit the right of any holder of a Certificate to apply, for t%oL appointment of a receiver in the discretion of the Court, nor to limit the rights or renedies of any holder of Certificates or:interest coupons under the Laws of Florida. Suction 14. It is proposed that the rights and duties of the Cit;, of Clearwater and of the holders of the Certificates and c*xnona and the terms and ;,rovisions of this ordinance :lay be modified cr altcred in ar.7 respect by Ordinance of the City C', ission of tine City of Clear- :later with the consent of the holder or holders of seventy-five (7%) par canton in principal amount of all the Certificates then outstanding, such consent to be evidenced by an instra;mont or inst,unents exacuted 1 by such holder or holders and duly ael_nortlodged or pm-.ed in the manner of a deed to be recorded and such instrument or ins_rr.ents small be filed in the office of the Clark of the Cixc::it Court and shall be a public record. Section 35. If any section, paragraph, clause or provision of this Ordinance shall be held Invalid, the invalidity of such section, paragraph, clause or provision shall not affect any of the remaining provisions of this Ordinance. Section 16. All ordinances or parts of ordinances or resolutions inconsistent with this ordinance are hereby ropealod, rescinded and revolced to the extent only of such•inccnsisteney. t _eatior 17. This ordinance is an amorgonc;; .;matter and shall go into effect 1=odiate17 upon its passage. Faker introduced Ordinance l:o. 426 for Its fine? nasoa;e and moved its adoption. Seconded by i.:r. Batchelor, and upon roll call the fcllo:vinc' vote was polled: 4,es: '-r. '_'arsh _r. Entcholor "r. Faker r. 1arr7 :,'x. Crite :,ay s: :'ono l:meraupaz: t:_e ::ay~or-Cc=1ssioncr drielxrod Or::lnarcu 2'e. s5 ,passed and adopted and. si, nod the sa:-e, as follows. -PP .) Imo; -? 'r . 1r?:„?