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''tl,�' '<<'3. �..a•.- ;�il 't•'li -: _-i�'`•€.�� ,��;;i�i::'i�i`':s+w'i� , i�t !,�!'' •,3�' l ' '�'�T.�f �t��[.'. �{�1 rielL� `il'';S'�i.\K � �'i livj� c;: ,4y,'.�%s`',r�.' �F%i,:',:';f',;'; r�• �1.'F} �'�0.'�, J,t �' � ,�I �:,•"- , . : � i.;: - � .,; .;;�,:,. ,. ;,4.: ryn' _`�',�C'.. c:. ::,,y ''_�` =j� � :� : L.' �r���� ., 1 . ,�,• !.I[5 C';� � . "F� `���'•6:�•1 �r'�'�� ti�� •I ' ��;+ ,ry�ihzr�� - ; � � ` j� t�! 5':. '.��: :i�: �t.:ir.�_ .i f � p�•'..'� �"< j � �'1,I.;;��5"; :c�';. '. �:. � i !)'-�.•�`'.�k:z:;ri:�s^�•':4 1 ���ti�,E' )ry�ri'. :� f.` .r. � "'",7}-jj . , ' . .'Y'�'.>�4` �,��'"�:�i.ik •1;`Y:'k�_. �• ':'�@::� r ��:�� �.ik{'+>�,.''f"f',"�`-':�F`_ '�L,fy'Y.��, � r��:�yi �.�:[`: k'> ;�:- '.S'v".';��5'�y'� �' .,��: �';�d�� �:�; y,1. y� �b ^S, `.3�i!'x� `I '.5di sr^?-%ir�;{�;� `::ti"��i ti:,�.��"i.'.�i'fiY.�: ��,.i':1.�P,,,•_t. .... ,� -••ae•.�-•;•in[j;+�,.?'ta.r�,.�.:, •:,�C'f. :' �'yr-. .,�{,-�'.i,s.:3Ai_k` �L i ": Lt��'3r+�'�� , � e�`+.�+'�� �� .^.�i� 'Yfst�'�'- � . . ,,,�:�.�i'.�";�, .;,., . 0 � k l Oi4DiI'A?�C� 1:0. &fl4 Aif Gli::i.�:nl�L'1: YTtc}V1LIf�(} H'OR :ii� COtiw^HI.tL'TiUt1�JtPI�OVYr '..='i^ r�;�S� k»,lili'i,al,i �t il CO.:f:CRCIAL F�:;D YACIIT ih�Ili • iit�:.;:;t;:; :.L'.'IiOEiI�Tt�(E TfiL•' TS3Uk��G.'•: OE' ;il].6�OU0 CU�:- ':i:i3C:I..', A:ti] 'IAU:I^. f?AuIIi IlTsV�inik Cf:i�':II'ICl+i'::.`:; A1�U F�i�V�a�I;�a kflR TlfI: Ii,i(i11^.`3 A2� Tllli ffOI.Liii[i9 T1iIifi�OP. _.,.�».�:,,., I3Ti IT QfiUAI11IIl I1Y T1ili CITY CQI�i'.SI�SI0:7 OP Tl[E CITY 0� � cr.r.a�tvti:��r�, i�LQIiI�A� n�^icr.� _ ., 3Tl.TL',4fi1 AU:IiO}iI'i1'� YIttDIl�C13 Attt3 I]f�H"Ii�IxS�1i3. �,. �L'TliOR�:'Y Oc Tlil� OftDII;AIfCE. Thin ordinanco ia ndnptad �traunnt to t:�o provie�iqn� of Chnptqr 4710, 5Fooial Acta pf tha Lagieinttirc� of Floridu� 3.9�3, and uraond:,ant� �ha.-aof tlnd nuppla�:o�ta tharoto, UaSnE th� Rtu�rter of tha Citq of Czanr�mCar, unci oLhor appZicabio provia�onn nf lux. xt ip horoby Potu�d ar.d dotorninod un £ollorat (,1) i}za" *,k:a Cit; of Cloarxntor ie novr tho oKner o: lahd, prar.�inea and xat�r rf�;hta in aQi�, C_�;�� lrnor:n aa Inr1d Latg 5, 7, t3, 9� 10, 13., �2 ur:d 13 ¢nd °7uterr Lo� I of tY.o Ca C� �nrl: Sut�ciivialon, Clnarrretor �cuch Ia]urxi, Clenr�ater, :Ioridn, nnd tYwt the revpnuaa derived and �o bo deriead frota tha fooa rentala or other' � aharfcoa 1'or tho use Qi Ak3CI Zand nr.d watar r2{.•,7�ta Ard TACiI.it�na oonz��ruatnd and ta bo aonatrua�uc tY.oroan, nn horoln authnsi::ud, ara not pladgad or arlcu�bnred in an7 �:.nr.nar. ? f.��!{�:'.T i- €-� ty`�:ey��. a�� A3�A�/ ��'�' `��.�> , ���� � ��E`� � �~ � � ��� � ,.... _� . _... . f�) Tr.ut thn oons�ruatian, i�provsne�tt anci aqttipr.�ont oi' e L�unici�l Cqm� ttarci4l and Yncht P,asin (horein c�13.vd ��Cc�aerclsi and Yach� Elaain f'ncillties'f ) A na hei�e�ir.eftor doucr'b3d, nra Cor a proper munici;xi�. purpoae, nnd it ia l.mperativ� in ardar �o nreaervfl tho Fublia health and rravid r0areat3enal facilitios far the ir.r�ubituntu of tl:a C1ty ot Clenrxatier t1;nt csai a�sorc.'rctl anB Xncht I3aain Fhoil,it;,et� n2ut1Z be aanatructed, �:provnd nn qi:ipppd 1n k1dCOMiPRC6 r�ith �hs pra- visioha oS tY:.fa Ordir.Anco. p,Qo �R (C) Thut tho revenua� �o bo derlvad frau tho Projac� iioreina�te� Ceaarihad� iacludin� t2�e Cqr.�oroinl atr� Xaoht Bastn Fscilitien, cri�l he aufflclesnt �o Fu� the princi�•e], ot nr.d :n�areat on uII of tho Cormoraiel nnd Xecht nasin Rsvenue Cortificataa :.snund gur�uEtnt *.a thia Ordinanca n�d ta muke all roservq, nirtlting ilind and o�her �a�r..ents providod for S.n tl:ia Ordinnnco, und to �Saq tho necoaanre cos� nP opo:�at�nr, and nu�ntaittin� aR3.d Prafea�. (D) Thut tho prSnalpal a£ and intnrant on the Cqttlerciel ar.d �lacht banirs Rovenuo Certtflcatos to be inauad pursuant to thie Ordtnunce ond e11 of the r�nerce, ainkin� itind and othor p�y�;ent� prov3ded for in t.�3e Ordiaanae� xi�l be �icE �oleky trora the P.overnxoa dorived by thc� Cit� S'ro� tho aperstil.pn of said Pro- foct, nnd it trill naver be neceaaary ar authorized tio u�e the ad v�lorem taxir�, poxer ar �np other i�nda of aaid CS�g to pap the grina�.pal of and intereat an eaid Revanue Coxt2ftcAto� to be iaaued Fruxsuattt bo this Qrdl.nance, cr to �akn un7 of tho reaor�•e, sinkin� ft�nd or other rnyuen�a providod for 1n this Ordiz�nnce, end aald Ravanue Cortiticatee ioeuad purauant tv this 6x�it�nnce shull not can�titu�a A�.lez� ugon utry ot thv prapartlea a1' anld Projoot ol+ upon sny other progerty NhB�- aoaver of tho Citp. (�} Thni oanatruation, itspravo�on� nnd aqulrment oS aald Cosaern�al anc3 Yaoilt Easin F'acilitioa shall be undor�uken ar,� canpJ.oted in Qccordanan nith xhe plana and npeciTicationo propasad hy tha L'it�t� Enqinaor, ond here�oforQ f1led in t:io ofSlco nt the City �uditvr and CZerk, c� an eati�utad cast ai' ;,;1i5,Qn0. Suci� nost �kui].I be depmed ta include th4 co�t of the aonatruation„ l�prnvenen� and equi}^�ent oS said Cor�erclal and Yacht F.A.sln :hallitian rursuant Lv aa:d glana and uFenifScutlan3, includinq the saquial�tiqn of an� lohda or interea� tharein ar.d ol any fixtuxo�r a� equ�.�ent or prapertiea dea�ed nscaaaaz7 or convenfant thnrofor' intexdat u�on Clie Co�uoraial And Yaaht Eaa1p iiovanue CartiPieates iasuod purnuant to thfs Orditinnca prior to� and during and Sor aS.x ttontho aStar tiis co�p7.otion p,rd piscing 3n oparabion of aaid CaGSnarca.e], and Xac2it Eaain I•'ac:litias; an�ineorinq arxl laRal nxpenaea; ozpansaa fox eetivatiacs ot cos�a and af P,e�enuae; expenaea Sor plana� �peciftcetiona and surveyo and auoh othar ax�nuea sa z.a9 be n�ceeaarT or Snoidn�t tp the finanaSng uuthoriwad by thl� Oz,dlnar�ce, and tha conabruction, in- praver..ent and eqtrlppinF, at suah Co�narola� and, Yacht Eaa:n F�1a1.Iitie� and tho p]ac- i:.� of aame in aperetion. 2. ORDI21Fl1:Cr� "i0 COItSTI;t`T� COt�T?AC".'. �n nanalderation oS the accaptnnce of Lba Cerzitica �ea autY:or�.zed �o bo i�aued hereunder hy thdae trho ahsll }:old the a4sr.e fram tL-�e to tixie, thia ordir.anaa aY�.all be deax;ed to be end ahail cone►titute a contract �eEwenn tha City of Cleazmater, FZorids, and such oorC3ticatohold�rs� and tha covensrsta and aRraenan�a herela eet Zorth tn be perfor�o� by �a_ck CitT shall. ba for tho oq+:a7, benofit, pratactian pnd secnrit; of tiKo loc,sl ho;,ders oP uny and all oP auch Curtiticntos r�nd tihe coupono attached tl�oreta, a11 of �hich tSrAll be of aqua]. rank And xithaut preP�renoe, priority ar dZatlnation of sn� of ti:e Carti,ticntes or coupone avar eny othar t:�oraof axcapt aa ex�reaalq providad thnre�rt und herein. 3. DSFIbII.IOtIS. '=2ze Soilorirtg terme st-al2 hs►n� tha Sallosrir��; �aanir.hs in thia Ordlnanco �;nlena tho text otherariae e�cpraaal3 requ=rads (a ) "Cit��' ahal� r..oen i ke �_t;� oi' Clearnu ter� 'r�lor:rin. (b) °1Act°t af�ll taaun tho Ci�r�er o: tiio Cit,; of Cl�arwntor, conatitutfng ' . . . . . . � . ..'�iYrys .....�F,. . . . . •1�!.• .. w �., . . . . . .. ... ,... . ,..... ... ... � se . :� . . �;� ' �' •�' °.f., .'��Ai".' � � �, �Y.� �� � �i � �5 y i'.. -' [; °, r/f.;'' �': ;..,,j.i�`�:t,:�i��,��;: � _:,��: iF�rJ�sf���jry�a{,t.wt��� �.�e�`�'�.•vVi:.: .,� i�y. ��.•�+ F.. .�7�}.. f i,��s•1 .i � it�,y,g?%1•'Ht � r: : :i'it;M � p_.....�, s ;. �'`F' 1��ti;���' �,f;`. �?`�� = �.,;c= '�,i°� `F�r;�.tt-tt`r�' i,.r ''�S �:,::bA;`' } � •.r:i '���c.i, qx,i "�(:,�.;, .;.� • ;.� .�� i� �i�: �{ r.:7 )'�.'���;_ f6E �,;�.' �; ���1`# �s;�� . �,i, . _Y:�.;.e� �� ��r' ': E`„� :I�� 1�'7 'if•�„-! 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''.i�i:':;�'t ; r�,.i��'-.i-', ..:;... i:�1''.' :; .. .. ;r.� ;;1?.j �+'�,�5;,;,,'!.S._. d. ; '.•is� � :C:; (�. `�'?�: ,.:v ; : '.7, ''�;, 1 ^NF`e.l��Z�.IJ� . r[ .. ��r�i},\i [li.��f:.5� �.����Ei'.�I;.�}r�{�� . �'s: ��' yi.� � °'�''':}er �:..:': ;s�a . .e`F''`F.,.+' ��� ��.r .'�`,1i:�«Y�•.� �:;.,.J'�r:�g,3`S; q; t1;`r''F:, : o t`c;t' i,, ;•;,''t�' �.,� s �i' � i!^.=r�;���`.r;t.'r..•:��'Iyi��`:.'�s' , �'.��` •;<r.�ti-� ;;�cveS!�.,a,� ;:'�"• :r�. : ; � 'r "_ �: , F. ,'. ; . �Sk� .�� � �:;� � r,�i:'::� .��J(y�a,'si::.e£,. � ���'�k`pi>�-}(o� y�r�v" z�s�#J ��y �`r�?:y;„1�� ? ri; .:. :5�=;�,�fi'; '•�;� �;�,.y,� ;,;�4���}r * �i�tt.i+f•'�;'��^'�'�°'. i�: ��`��r .���?��,��4-:�'.'`..;r}�A�i: .,_ ''t`S�`'.�L,�fS`2 .:'>E'r�f !'' .�+"} o Y r :� `j;$, � 's_.�;'R 'f ,SN,, z"�._'r.�. ;�t�.'�z..': .x5"r,v � � � ',�,;t*���,�,��„�� �. � ��`��^?� S �}"'"'��",'� �=� ' ��1(�y�N ` p� <<� �?. #°�, P a�� � . e� � "�". . �,�� �^� _ . _ .. . . .. �. , . ;�, � k orrx aca�sissiatt ur�rrt;n Au�uat 21, 1fl50 Ordinanne 5ii4, Cont�d Cl.uptor 971Q, 5pac1nl Ra�s a1' tho Lo�;1a1nLY►ru oS F],aridai 1023, nnd amohdman�a Chnrenf end supploc�nnto tlioreta. (a) ��CorCiSS.nqten'� ehal], ma4n tho �115,OOC1 Cor.morolel nnd Yr�aht �ain Rovent�e CortiTlcntoa uuCharizad tq be fanuod purauattti to tl�ies Ordinnnoo nnd Mnq aclditional Cnr�ificu�Qa haronftor ianuod rurauar►t tia auLnaattor� 13 (L) horeof in tho mantlor tho�pin provldad� and tho intnrost owpoaa nttaoh4d to aqid Gert1- 1'1cu Goo. ,'�:,s ''' ,�a y` �,� ,�E�� rrT"V�?:a.%.I i ��:< CJ �:J�'�: � . '-t �., �h. �s.�. : y '. �`: ,� � Y`f ° .y T. :�+ 5 a (. � �v t :� •-L..,. P �, ��•5f �:. .; . ��k�?_ . .. „' G-• . (d) �ozdor oT CorbiPiaakeo°1 or "Cortiflna�ohaldor", ar on7 aimilar tez�, eholl mann ar�� pernon wiio ahnl], bo tha bonror ar axrtnr of any a�ttatandinq Cnrtitiopta or 4urtifinn�oa rogiatarad to baai�or or not ra�;ie�arod or tha reRiatnrod arrnor of nhy outatnndinh CnrLif�cato or CarEificntoa Nh�ch ehnl� nt tho timo be ra�;�otored o�t�er than tn bnsror, ar at onq ooupono roproeanting � ir►terent aaaruod or.to aaarue on aaid Certificntao. (oj �'Cac¢naralal nnd Yaclit [3nain Fti►cilitiiae'} nhn].1 raeun the r�na wa12� �laro, dacka and c�t w��.lra aant�tl�.ioted nnd La bo cohotruated in �he a2�ea pf the rajaa� purauant to tho abovo�ontianad pluna stx! apaoiSicstiona of tha City�n �nf,inoar. (t) "Pro�act�� aizn2l nc�on tha l.and, proniaoo, trator rip,htu gnd axaa �ri�hin tho City 1:notm oo Innd I,ota b, 7, B, 4, 10� ].1, 12 nnd 13 and {4atier Lati 1 a� tha Cit9 Pnr1c $ubdivision, Cl.earrra�ar Beaah Ia�and, Cloar+rntei�, FlorA@a, �nd a].l lr:�provemon�a ax�d faCi.�itiieo now ox�heroaSLar laaotad or oonatructad theroon, in- oludin� the Cot�norcial and Yacht @apin �cflltiiae� togothor rrith all SuZldinga. fixLtiireo, oquiprasnt and all proport7i resnZ or pornonal, tanglblo or intungitle, narr or horesfber ar+nod ar u�ed in costneation rr�.th sucii Project ar auch Ca�ancrcisl 8t�d Yneiit io.sllt i�uailition. (�) �'Rovenuoa'� ahnll mean n�l rntea, faea, chnr�on, rentsle ar azher incaz;n reaeived b� tho Ciby, or accruad ta tha Citq, ar Any Dourd or u�onc9 theraof in cantro3. ot �ha mana��menE and oparstSon oP the Projent, and n71 Farta thareof� Sror� tho operntion of aaid Projeot� alI a�f caZaulatod in accordRnae Nith ao�n� accounttng prsat3aa. Revernten �hn21 ho apea2ficelly deansd to in- cluu'd, rithou� b�in� li�itad to, ang snd a11 rantaia ar o�her payu:enta raoei�ed bg thn Cit� fr� I6836@�� 1leenaesea, or oxher peraone fpr said Pro�eot, or eny psr� thereaf; provid�d, hoKevar, that thero ia heraby ezprnnaly exalndod tra� �tlCh defl.nition or Revetmoa tho pay�ent oP nqt axcoeding a2��000 or lvaa rrhich it ia oantompl�ted the Cit� xill receive en a lwnp sua� pn�ent upor� the axeoution al' a leaee aovering pxromianp Rithin tho Frojact canAt�tutin{� egpraxL.�ats3,q' ntte�i�a21' af Iattd Lot 5 thoreof entt euch aum eo reaaivod �nq bo unad by the Cit� Tor aay af ita corporatia �nxrpoaea. (2:j "Oparating Expenaean �ha11 �aan Y.he currant ozpense�, paid or Aaaitiaed, oS oparation, rsaintenunce and rerul.r of naid Pro,�ect snd shall inoluda, Ri�hout lii.�itin& the gattera2it•• oi the foregoing. lnuurance nreatiuna and ed- minietxativa azpBnaos oP the City propflrlq charseahla to tiie Pro feaC, labor, tho nost of r.atorials and su�p].iea ueed far current operation, snd chnr�au for tha aaau�uletion nl' apgropr3ate reesrvea not annuall.y roaurront �u� which are auoh aq r^..ary reseonub3.y be expected to be incurred in accqrdanca xitit esound ocaaunting q n iatt s not S nlude un al�otrance for de rac an a 0 era�f.n �'ac ense stss�.]. � pxg tza�. n s n s � , e a far e uccuaulatian af reeerv e for c ital ran�mila or eztensiana or an or.ar oa th P 9 6 e o ed hoxever that wheneve and nh raver rap].�conanta, renexal� or axten�iona; pr vid , � r the C1ty s2-.all leaae or liconse uny portion af aaici Fra�ent under ter,�:s providing far �ha pe7�ent ot net rentAl� to tha Ciby and Rhareby tho leasea or Iiaenaeo paps part or a12 af the costs of operatian and ns►Sntesnanca, thon the Fart ot such aoata af operntian end �,aintananco pnid by auah Ieasaa or 11can�eea aha�7, not be included under the tozr.t ��OperESting Ezpenaean aa usad !,n this sub�ention (Y_}� 1 (i) Clorda importin� singul�r mnubar sha�1 3nclude the pluraI nut�6er 1n each case and vice versa, and nords irsporting porsana aha3,1 include fir�n and aorrorations, � AR�ICLE II AtP!'F.DRIZATIOIi, T�PS!S� ��C11TIO)i, iiEGiSTRF."_'IOIr AiiD 255UE OF CF:RTT�'TC�►3�5. 4. AIiTHORI�ATTCli DF CF.FiTIFIC;.^�5, Sub joct und purauarlt to �ha praviaiona oS thie Ordirwnco, CertificAtea of tha Cii� ot C�eurrrutar tp be knatim an �Coz�-.arcial and Yacht Easin Rovettue CertiSicnbas" are hereby autharized to te ls�ued 3n the n�gregate p: incl�al anaunt aT not exenedilr.� Rne Hundred ri�tc�en T7iousand Dolle: s (;�115�000). $. D�CRIPTIO?i OF CEFiTSr^ICATES, xk19 Cel�tlftCt3te9 32�w�1 be dsted .7�S.g ly 1954, ahnll ba in ths donaminatfon of `v7.,OQ0 ench, uk�:a�l be nu�t�ered �'rrsn 3. ta 115, inclusivo, a}tall baar i,nterest at tho rate oS three nr,d ano-quarter per cent�► (wy j per unr:un pa�ab].� aeml.-anrsually on Jun�r� 1 nnd July 1 oS oaah �ear, und s1wL r..uture ,oriully in nu�arioAl arciar, loxoot nuat�ars tir�t, on 31iZy I of auch fenr, ;+5,flb� in auch of tho ?esra 1fl8w �0 1956, inoluai�a� and ylD�0a0 in eao}t of the year� 1957 ta 196b, SnaJ.uaiv�. :ha Cartitica�ea ^nturing irs tTte 9aRrs 1952 to 195G, inclusi�e, �2�11 not bp redavmnblo prior to Wuturfty. :he Cartificotea r.�turirtg in tha �eure 1957 to 19&5, incitsa_va, ai��a7.1 tre radecsrzuL•J.e prtor ta ttatur�.ty, at tha aption aS tne CSt� an dul� 1, I�Jb6, or on an� ir.taraaC pay�ent date tharep.�er pr±ar to matur_ty, na u nhole or i� i.rirt, in Snvarso numa; icnl or3er, a� n redetagtion price oT par ar.d oocrued _ .._.. _s _ _. 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I � � >. ci� co�a,issl0tl tSF.ETIt;a August �2� 3.950 Ordinance 8fl�3, oont�d " intoraat tio dnto of rociompbion, plua s promiur� aS thran xor onnt (3;;} ot ttio i:ar volua ElioraaP it' xadaoc�od on or baTaro .11i1q 1, 19Fi0; or n prn�it�rs of Exo par aant {2;;) a1' ttso pnr vpluo tkieropt' ii' rodoa�od thoroatbar Gti�x on ar boforo �Iq 7., 1981p or o prettium ot ona per oent {1;:) of ttie par wluo thoroaf if re�3aa:nod Lherosfter but on or boforo J1�,ly 1, 1963, nnd rri�hout pranSun iT radoanod tharo- nftar; {�rovxdnd E:ia� n notioo of auch intnndod redar,�ption aitnll 2iavo Uann puU- liahod by tho Citq ut I,oQOt onca �t loat�t thirby dn;Ia prior to ttfo data of lredomrElon in 6 1'it�naiai pa�3or ruhlialtod in tho C,��g of :�nx lork, I�ow YarZt, and rirovlclod flurtltior tlspt if lapa �2�an �11 af naid Cortilfionton aubjoat to ro� do�aptYon oro aa aallod far rodo�nption� tha notioo af rodoniption atw],], atato tha indon�lPyi� nu�bora of t}yd Cortifioatoo to bo radooned. 3n1d Cartificatoa �hn11 bo iaat�ad in aaupon fatm� a1ui11 !ro �.a�ablo rrlth rest�foct to both prinalpnl exsd intnron� in luxful �onoy of ttio ifnited 8tatoo of Ataarian, at tha prtnoipn], �ffAco af tho Chnnienl. Hank te Truat Ccmpon�� l+eer York Oity, I�ax York� and atm11 baar iritoropt tra�s thoi3+ duto, ruyabla in aCCnTt:nnca rrith and upon aurrandor of tha nppurtnru+nt intoraat aouponn aa tha� aavarnlly ru �ntuxe. 6. n;�Ct3TIQIi Or^ C�HTirICAT.,:� i+iiD COUL'OIi3. 3aid •Certificatoa ahnll be oxaouted in �ho nano af t}ta Qity b; it� City Auditor and Clnrk and ito Ciiy D�n- n�ar, end countorai�ned by ita l.:afar-Cv�misaionor a�d ahall lu►vo impreaaed t�:ara- an �ho avrparato aoal oS bhfl Citq. In cnea any onv or naro aS tha officors M�o ahnll hnvo ni�rted ar aonlesd an� af tiia Cert11'icutea aha].l aease Ca be suah oTf�aer o� tlio CStry hof'oro tYia CertiSicutioa aa �iqned and sonlad a1�n11 lwvo tioen aatualA� noicl and dellverad� ouali Gertit'icntaa z�n f novertholeas be aold and doliverad a� Izoroin providod nrsd r:�s� bo is�uod a� fP tha pdraon rrho aiF;nad or seuled auch Certit'icdtoa had nat ooadod ta hold aaich ofSico. Anq Gartl.flcatos �y �o ai�narl anck aoa�ed on i�ehalt' of tha Cl.tg b� auch pursan as �G tite aaGua]. ti »a of the exocution oT yuoh Carbiticute� shrill hold tho proper ofTico in tho C1�7, s].L�ouF,h h at tho datro oT such Certificntea sucl� gnr�on r.ay not hc�lo ho3.d auch oiSice ar r.af not hava boen ao autharixed. The Coupons to t�e nttuch�d to the Ce:�lPtcuten shall be au�henticatad ti�i�h t11a fao a�iZo si�nutvros oP �he preaQnt or any 1�ttuxe City buditor nnd Clork� City Lfarsa�Sor and µSn�ar-Ca�isaionor of auid City and tha Cit� ma� adapt nnd uae far the purposo the fac a�ilo aiFnnturn of an� af said persons �tho ahail hnve licrZd eiioh of1`icaa atr snv t�r:o an or aCtar the data of the Certit`icatea, not- tTithntsndin� thnt l�o r.sa�' iinva caaaed to hold suoh oS°iaa at tho tiine trhan nnid Certit'icatoa aha�.], be natuall� sald and dqli�erad. 7. 2iE(�bTTA�ILI2'St A:7� ?i�aiST.'iA'SIOIi, xiio Certitica�e� ahn7.I bs� nnd have aZl ol thp qualitiea nnd 3nciden�a of, no�;o�iab].e i�atrux:ents ur,der th4 law narcYsAnt and Chp 3fe�otiable Tnatir�ent� 2nR of the 5te�te af i�'loridu, and aaoh succeuaive holdox, in nccoptin� anq ot �a1.d Cortilicntes vr the cnupona npportaining thereta, n2v�1i. be cancluuivel� dee�r�ed to have aSraad tlwt auctt Certfficatea shpll �e nnd hnve a11 of �ha qualitle� and inoidant� of no�;otiioblo in��ru�enta under �he Ian merchent and the iia�;abinble Inntr�.ulen�a 7�vr of ths Stnta of w'lorida, and tsacii auacaaai�o holdar ahsl], iUrther Ue concZuaivelp dee�ed to have agTeed tliat ssafd L•4r�iPicuteu alzull ba incantaatet��o irt tiio iiands oS a bma Side holder far valua in tltie tnennor provided lieretnaftor i:s tha fora of snid GertSSicstas. ihe Certifiastsa �� be reRis�erad st tlte opt'_vn al ttie holder ns �a gristaipul on1,;� et the ofF.faa of the City Auditor und Clork of tho Citg, such ra�;3strnt�.an �o bo noted on tk►o bACk of aaid Certii�icatos in t]:e apaoe pravidad therePor. pttrer auch reF3atratian no transfer af Lho Car�i1'icateg �he1Z be va11d unloa� rnda nt anid orriag by tho rerisCQred onnar� or Uy his dul� nuthoxi«nd a�ent or reproaentative and e].nilarly notect on the Cer�ificoton, but tlis Carti- Siaatoa :.a f be discisax�ad frar� ra�,is�ration br beinR Sn ].ike manner transferred to baArer and Chareupon trnnstarabiltt� b� deli�er�; 3YlAi2 Z79 reatarod. ;.t the optSon od' the holcEer the Cortfficatea zui;� theraa:�er asatn trom ti�a �o t±rnu bs :ef;i�- Gerad or tran�Tarred ta beorer as berfore. 5uch regiatration aa to princical nnl� aha13. itot affact ttsa negatinbi3.iti; of the caupons «fi7.ch sliall ooritirr.�o to puaa b� del�.ver;; . s. c�.r�icaTFS r:uri:a^rD, �FS�raaY�, s^47.�:IT OR LQSx. zn �ags en;� c0rt�_ :Saate ek�],1 baoor..e �utilatect or bo deatrofed, stolen or }.oat� Lho City Zag in its di9csret;.an �.s$ue and delivar a r.en C�rtificate rritrh aZI u�ntured coupona sttnohad oi` liita tnnor as �ho Cert.ificute and attcschad coupons, if �ny, ea ::uti» Inted� daetroyed, �to2vn or Iost, in exc3�.nnGe and aubat*_tution :ar �uch snuti- lated Certiticato, c�pon surrander nnd cunce7.lat:��n o!' auah r.at�iZatod Ctirtil'icata and atGached coupona, !� enp, or ia iieu q,f and 3ubst�.ttiition tor `.ha Certificato and attachad cattpons, il ony, de�tro�od, utolen or l.aet, en3 u�on the 2zolde^ itirniahing �he Citp provf of hia atmorahip �haraof and satiaractary indosxni�� artd conp].y1.ng eith auch ather reuaonabls roRulations pnd canditiiaste as tha Cit;r me� preecribe and �.aptng such expanaaa na the Cit� ru f inaur. i.13. CarC'_: icntaa and coupone so aurrandered n}:aZl be pancollad bv �iie Cit,n Auditor nnd Clorl: and held Sar the accoun� ol tiYse Cftq. �S any suah CartiPicn�e or caiipon sl�aZZ r.mve r.�ttured or be ahaut to zzuture, inatend of 18aul.ng a mtbatitutad Certi:icsta or coupon tY:n Cit� z�.� pay tho snna, upon �e<_n�; :r.der.:niSied aa �fara�flid, an� i� such Cartillcuto or aounqn ba lost, atolon or dastro;ed, ;z�tl:aut 9urr�7dar tharaof. Anp auch duplicata Ger�ifianteA ar.d ooupons lsauad �irsuant to thi� sac- fiion er.AlZ cc�atibute ariginnJ., aridi�ionnl oontrs�atlin]. obli�;�_�ena on x:�o iart ot tho Citp, srhethor or not �lto lo��� stoler� or d�atrayed Corbiticatea or caugons be at q.np tl..,^sa Pound by anyone, and such dupl3cnta Corti:icstea and co�pnns s2:a31 be entitled to equn3 nnd propor�ton¢te hanePits and riF�ita a� �0 11en and aouroe Atsd a�curity :or ;.a;rncnt frer� the [tevanue� of Lhe °roJoct tTith a11 othe: Cart'yicatea srul cau?ons iasuad hereundox 9. 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'�,,.-.°'%y' I � r,`t�� �h�{;'�.,?; ��i{��`�,�{s}r��'�� . y,�_i,�:s�'*�'',• �:: ':��,:',:: s�:rs�� ' �:. .. ; ."'t"�.(= `� �t �j'l, 1 4,��V'r'�.1.'-,��:1.`f�l��!�iE,.��'�1°li�� „• ��, H.1:i �1 :�- "�.# S."��art�� , c�: �. �'.i?�;'; ti.a,;'= ,�;:;��-. r �; , i:-� ' �E '.:'.�4��i3� i i�` "R•�'�:f i;�'� ' . ' . :�'t,' . '�. , '+:,r `'?�[ :=r'`, �t� ��d.r+;; � 1,.: : ; t�. ?°(y�.. �:4.,ti';.,i� � �'�l;.�i��i�•' "c =.c;t:s�� .,2,°���.,���r:�:f�? , . .. . .:.:���a�����:�i?��:`�"���e�:�.�:r��: � � r�uthorized or per:�it�ad b� this Qn! r►anan� or an� ou aoq o c nanna o. ]uEion n�iaptocl prior to thn iaauanoa ttsaroafs 210. U1�I'T�D 3:ATI:33 OT' Al.i�RiCA v1,Op0 /�sTm�T�/�e� o�tt�* �r�t�ont���q • V1� Wc� 4AWI�ij����l� CO�.U1�4L1�. AZ�U YACil: IU1�lIi RE:V�,n1� CEZ:Ir'ICATh K2�OtY ALI. 1�L•'11 !!Y T1EF3� FItI•'�m2I;3 tlm� tho Cit� pt ClenrrrHtor, fn Atnol]a►n Coun�y, r^],oridn, Car value rroao,Lvad, tloroby protaianu to �su;/ ta tho honror, or iP th�m Corbificato ]aa roi:iabnrod� to tho roHiatornd holdor �n haroln pravidod, on tlfo fira� dny, af July� lU , frot� tito rnvor�uacr and apuaiul ituidu horoir.nftor �on- tionad� tl�o principal nun af ' 02TF3 Tii0U5Al��n n4z.ut�� (t;l,000} eith intoront thoroon n� tho roto oT �ltiroa nnd ono��uartar por cantuti (3:e) �,er annum� pn;�ublo aoni-anrtuullT on tiio lat duy af �onuary and tho 1aL daq ot ,Iul� of onch yanr upon tha preaentation and aurrandar ar tttia ann4xod noupona n� thop eovora�,].� 11�11 duo. �ioth prinal,pnl of and intaraat on Li�ia Ccrtiticato 4ra pny- ablo �r► l,nwilii t�onoy of tlia Unito$ 5tatoa of A�seriaa a� tha prinaipal oFTice of trha CYioraiaa], I:unk & Trua� Corapun�� in tltio City af ltc�n Yor1t, SCaLo oi' t�Qw York. TIi1u CortiTiaatu 1.n ano oY an nubliorixad issun of Cartlticataa in the q�gre6uto prinoipal amount of :il].6,QOD af likn dato� tnnor nnd offoct, oxcopt e� to mursber and dAte of �suturity, laaues bo 1'inanoe t}�er aoat af tho cannbructionr lrprovonottt and oquipcsan� of cor.�oroinl and �uaht benin faciltticn in tho Cit� of CloAre�atur, under the authari�p of snd in fu12 otartplianco rrith the Conetitutlan and �tatutos o!' tl�o Stato o�' i�].orfda� tho Cluirtar of Lho Cit� of Clenxhmtar� boin� Chepter �J710, Specinl Aata af tiho Leqiulature of r^loridu Sor tlie year 1923, as a«:endod and aupplomentod, und other snplionbla atatutos, and an Ordl.rsanca dul� ndogtad b7 tho City Cor.r.siaeian af nn�d C�t;r on Au�uab, 1*350, end ia aub jeat to n11 tha �e ma snd aattditSono of aaid Qrdinanae. This CortiPinate wt�d thn caupana appartainin� heretio ttro peyable eolely from And Ae�cured by a lSen ugon ane� plodRo aS tho not rovesnuea dari�ed fro� the opor- a�ion ot tha 1'rojoaL doaeribod in the Qrdls'sanoe authorisin� thia ia�ue o,� Cart1- :icatas in ttsa r:nnnar provided in eaid 6rdlru�nco nnd doea no� con�titutn an in- debtadnean oS the Cit;r of Cleartirntor tirlthin the raoarlln� aP an� aona�itutional� atatu�or� or ohartor provfsionA or IL^titntian, and it ia axprasa}.y agreed by tha 'hnldern of thia Cex+tiPtcnto and �he couponn appertalning horoto thnx �ucii holdara ahall nnver have the rfgiit to require or canpol the exorcieo oi the ad valorem tax- in� porrer of nnid Cit�, or th� taxutian of rcal entt�ta S.n �aid Cit�, far the pay- �en� oP tho prina3pal, of snd interaex on thirs Certifics�o or Lhti makin� nP an� slnk3ng llind, re+aarva or othar puyaenba providad Por �!n the Ordiruirsce autiiari�in� tliis 7.saue oT Cert�.''icstas. ib is 1lzrthar agreed bntaeen the C�t� of Clanrrmtar �nd tha hcider of th3.� Cor�ificnte t!� ti thl�n Cartificnto and �4ta obligatiion avidenoeci thsrebq ahall not constitubo p 11en upon tro aTorenald Prajoct, or ang �art �haroof, or on un� other property of or Sn tho Ci�� of Clearxator, but ahull constituta a Zien on17 an thg no� rover�ues derivod 1'rat� �he opflratiort of anld Pra joat In the tna.nnor pro- vided in aaid Ordinanne. ^he Citq in eaid Ord�nanea has cavannt�tod and a�roed zri�h the ho�,dern or the Cortificatos of thia iosus �o fiz and antnb],igh and auaintuin auch rate� and ao3.lect �uah fod�, rantq].a ax other ohur�ea for nnid P;+ojoct and enoh and ever�� part thare- aP ar.d ta revieo tha samo from tir.se to t.*rtio whenetrnr nncnaaerg (aubjact to the pra�isiona oT anq oontrsetrs t�ith leu9�os� or lioonaeea aP auch Pra�aat, ar nn7 pnrt ti:oreot, j a� aill aZtrugs provida revanuoa au��'icient �o �ag, and aut oi' aaid revo- nuea aha1J, pay, na the soz�e ahAl2 bocona dua, thn pri:�cipal of and intarest on th� Cart7.fl,catea nt this isaue, in addition to paying, oa the aux:e slznll beacGts due� the necaaaary axponcaa of opcfratSng end ��aintaining anid Projoct, A�1 ro- aervo or slnking h�nds, or othor pug�onbs provided for in said Ordinnnca, and aI� ot2iar ob��.�etians payable out of the revenues of aaid Pxo�on� nnd t:sut auch rnte,3, reno, rontala or athar ahe�rges sixull nat be roducod so e� to be inauSticient to provldo revenues Por auch purpvnBS, and naid Cit;� r.o,e antored into certnin 11�r- ther covennnt� xitt► the hvldern af the Certifioutos oP tiiis in�ue far Lho box�e of ►rhich 2'eTDr9nDe 1� reda to sutd Qrdinanca. Tiio Cortiftcgtea r.nturin� in tho yeara ].962 to ��J56, Snaiusive, are not :e- dee�ble prior to �.atvrit�. The Cer�i.icutes maturing in tha yenra 1957 tn 1885, inoluaiva, uro radee�ab�e prior to maturity, nt the optian of the City on 3u1� �, 2�J58, or on an7 intereat pu9uant data thnreaftor pr.dr tn �turity, na a xhole ar ir. gart, in fnverse r.tunerical or3+sr, at a redomgtion price oi' par and acorued i�titereec to dato of radeMption� plus a pro�3.ur.t of t.hrne per cent (3N) of �he �.r vaZuo tnfl�eor tr resdeo�ed on or haforo ��ily I, 1959; or s grer�iwa af txo per aent (wH) af tl:e �r vn�,ue tihoraof tf re�eened thereuftor but on or �efora Jul. 3., 19f1; or a prrsn:.un oT one por cent (Z°�} ot the par vsalue +;.►:eraot iS redesmod thereatt+sr btit ors or before duly ?, 1963; er�d xithout prer.tiiun tf redaemad thore- a.fter= provided thnti a nqCiaa at nunh recEex�ption �r.�ia nnva been gublished et len�t ance at ].eeat thirty desa prior to the dnte n: redonption in u°Snancial �ipe+r gubliai3ad in 2iex '?ork Cit�, :ic�w Yorlt. I� Sa horub; certi;ted encl reclted tk:at all ac��, noaditfona and thinSa re- quirad to exi�t, tq ,hnppen nnd to be perforMe� procedarft to and in tl:e isauar,ae a: thia Cartii'iqnte, exist, N.ava 2inppanod and 2invo been perfomed in re�u�ur and dua fa2z: und t'.�:e oa requircd by t?:u stntutos and Constitut�on o: t. e State of r^ioridn nppllopl�lo thereta, and tr.ut tl:e �sauunce nS this Certlticata, ancl o: tl:e i�sue of Certi:icutea oP wi�ich th.� CarCiticc�ta Sa ono, doe� not �iolate an7 canati.tutionnl, stntutary nr cY.artar �ir:itutian. .� .h" wr . �w� ��. •rn -rw�. ���..w�� �� �. — .�. .w . ... ..- ... _ _ �" '� 1� � � 4 r . , . �!: ':,, . '�' .. '.j'`�',;�.�.r:'i,:l.. �'�jl�a Y�t._ :Si . ir .,Z ;,`'v'M:^,S^S,r';; ;° .�':t• �'` �:.�., pi��.rs,k��: : : � 4 ` rR'�i�{ a ��7°.s '!r ��..;`. b ;'tri �,.°�J. 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Iii VlITIi�85 YIIfERGOB' paid Cit� o� Cloarsnter, r'1ori�e, ha3 iaaund thia C�r�i- � fl.ostrc And �.wa cauned the snne Co he atgnad by ita Ci�y ;.udttor a�id Clerk nnd it� Cib� L;at�a�er, cauntorai�ned bf itn L;II�qr-�Cct�tisploner end it� oorporeto aenl to $e aT�ixad hnreta and hsa a�.uaed the in�oreat cau�ona heroto nttached to bo exocutc�d ttii2� tho t'aa u3�l.lo s�ignatura� oi' all o= said oS,ficar�, ct11 as oS bha Pirat dny� aS Jk�ly, 1fl5D. _ �r� 5ti. 4 � ;!; � � � � A; Ir. � i"' � � , rw �sra�? ( rox:a oN� couPOrr� ca� a� cL�;.r�rr�x:��, �.oR:.ua B�d q :+u tor ana �r ar Lity v�r.a�er Count�rmi�nad: L7nyar- or,.�► na on4r li0 • � Qn t2�e dap ai' ,J.9 ,(un3.eaa the CortlStcata to s�J:ioh tk;fa ooupan is nCtachod a2�e11 hnve bosn duly aulled Sor rede�pbion and previaion for tha pa?t-an� ol the redempblon price dulp �de} tho C3ty a1' Cle�ruater, �or,idn, ni11 pey ta the bear4r ut the pr7.naipal p��ioo of tihe CheMiaal P.an.; &':ruat Cmpan?, in tY.e Ci�; af I�en Yarl�, SteCa of : aw Yorlt, Trota tiia re�enuoa end �peoial tiinds dascritied tn tYie CertfTiQate to eYiich thSa oaupon Sa Att6CI1�d� �ho aun oP Sixtean and 2S/ID4 Dallsrn (�y],6.25 j, 1n Annflil noney ot tiha Un3tatF itotns ot f►r.er:.c4 upon pres�ntatiqh ar.d eurx�qnder a: thls aoupon, baing 31x nonths int$ra�t �iien dua on 1ta Coa�eraial �nd Y4cht Eaain Ftovenue Certilicnte, dctted Julq 1, 3.950� ro. c�t a� cr.��:�ra:��, �ze��� � ity Au _tor s C flrk � y rra�er Counteraigned: :R�OT�48�1 tl6�Ot792' rt � .. ,�w..� �+w� �� ��. •�� �. �.�.. .�.. �.. ...' r� .� w ., w � ....�-�..,..�...�-.�� .r ,• . 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't.;. :S'�.i� ':;.�;7�.�'`��r;` ': �[i�>�, ' •}, °�:i'r`:1; ; y� . �� �. � F,��fh."� •;;� ; ,; � :,, �_�Ai l� ,�,, 9•�'. �' "'t; �j •� '.F�i �,�v '��;y��' ~ ' ,n� . .'� s e�'�5�,�: �'1��;`5. ' �, '�: `.. .:j;.;�;{�"�i t � �' i�i�?'�-, '�`��' t,Y,'i1�i .,j'` ".Yfi�: ' "^�t�.d `,l. �'t., .�tr', `P;;:M1't,i. i�..,�'y�K�.�?'YY��:. k�.�:u ;,�� ;i.. S ;`.��` :',7?: a �, ' ,' ,�..�? , °:. � I` �' : r �'y� k' 1 t��f -z'� �•1 : !' ` �� � L' t ° ; i y '`°'r.^ 'i � .'s'`rrL4:' .;1:; �;`�'��i%''�~`��3- ;����°�`�A� '� ,�i.,4:-,,:"::��i.` '":�};�'' �:i'��<. I. ,�p: ..y;,. �.�+ :?� ,A�'.�s; 1r"i.��•t' `�' `�'�,'',`c! ' i.'1, f,' • r.. l :i°; .,,�M • ::�. '4;.:� 1: x4,���.'dy:I.`;-Y.`':'"���; '.a. :.i�t,i. :kt:;,rc; } � ,1 .�, ���� . --�v`�..�:�, ..-�'�'���:�_'� �;:*=:.,,_ , _ �;; `?� . k.��,�� ��d � � f� 0 9 n ` .1 ` .S cx�r oet.�issxotr b,��rxt:o Au�;u�b 21, ].!}40 ' Ordir�non 5fl4� aanG�� (�'01iLS OF VqLI17h'i�01� CSEi:'iFICh:I:} Vplidatad and oanfirmad by dnaroo of tho CiraiiiC Caur� of �11a 31xth 3udiaiql Circt�i� oP Yloridu, in end for Pihellna Cnunty, rendoxed an �ha daq ot , 146a. � l, er o le rau t ou o I'S�e11�a County, Florida � prtov�sxort rron �azsTt�►�ao�r) �'iiia Cort�tiaare mny bo rariaterad aa �o prinaf}ml onlq in tiho nar_a of the Iioldn� on the boaka ta bo kopt by thn fli� Auditar and Clorft ae Rogietrnr, or uuoh athor Ragiatrar u� na� haraartar ba detlq appoint�d, auah rarxatrritl.on baing notod haraon bq auoh tiQFiatmr !n �he regiatsv,�lon blunk balaR, aSter rrhich po trnnai'or �hall i�e va7.id unlesn �ndo on aaid booko by tha ro�laterad halder or n�torttie� dltly authvri�ad t�nd ni�i�nrl� notad :n tha roYtatraCian b2a�k ba].on, but iC may tio disoh�rged i'rom re�iqtratlpn b7 boin� trRnaferred tq bearer� aSter Nhtch it a2m11 bo ti�nnnferab�e b� doll.verp� but it r.,ia.y tio n��in reRinterad ars before. R710 sro�;3��laCion ot thia Certifioate Ra �o grinoipal ahn21 no� rcatruin tho negotialsill,ty� oP tro poupona Uy da].ivex�+ �oro�y. DA+� QF iT7 NiFio5E i1i.b;B �X�tCATt]'tE Or Ii :4I5 i fiA2' Iq1� Hi:�I5TERF'.I] RE6ISTRAR a�rxcr.� zrz Cav�tt�trrs, ]�r•.VztNES n;rn aPPLich�zatt ThLx.�aF. 10. CEIi�zrXCATF� tlOT x0 A� ItIDEi3T�7�5 OF TfC$ CITX. 11e3.thnr the Cext].- ficat�scs nor coupons shall be or conetltute an indebtadneaa vf tho Citp, buC at�u11 b� pe3able aola3.y frott tlse Ravern►BO of the Pro ject, end other apnainl lunda, aa herein provided. 77o holdar or ho�.dara at an� Cert11'ieAtea ieauod hereunder, ar af any aoupon +tppertainirt� thareta, �1wI1 ar•or have the risht to Ccmpe7, the exeralae ot the ad vaZorem tax3n� porar of the Citq, or taxat�on 1n any forni o� any rea2 groport� thorein, t4 peg� aeid Cert11'�c�ttes ar �he intaraa� thpl'OOi]i ar �o ba antitled to payu:enC of suoh pr117cipnl and intareat fr�m un� other IYtnds oS tho City exoep� the ne� Raveriues af eaid Projoct, aa prnvided herein. 11. C�:iTIFxCATFS 3ECifii�p �1' YLEDpE QF iiL'Vk�filE� A][D SPEC7AL bi?1m5. �'ha i�►�- �ent of Gh� dobt aervioe of a21 ot the Cartifion�aa ta�uod horaunder ahe►11 be aooured forthtir�.th eq�:nily and ratabl� by n 11an on tY:n not Ravenuas d�rivad frot7 anid Projact. The ne� Revenuaa derivod frnm sa3d Profact in an uMOUnt auf'z'icient to �q ChQ princiFa], oP nnd 1.ntnrest on the Cortiflcateo 3�erain authorixed, Arsd to make tha pa�;enta into the roeorve end ninkS.ng i�nd� snd nll other ga�ents pravided for in thia Ordtnsrtee, ara horebv irravacabl; pladFed to tho �aq�ent oi' the principal aT and intareat on bhe Qertii'icntes herein ou�horized an tho �ame beovme due. 12. RPPLICA�I!?d1 OI' GEiiTI�'ICl."_'E PROC r�s. A1�, nonegs raceived from :hs eale aP any ar p1I o, the v115�Q00 CertfS�cAtea originglig authoMzed and ieaued purauant to thin Ordinance shn11, be dopoaited bp �he City in a speolal acaaunt, and 32►ai1. arsZy be ttsed for, nnct app33e@ �y the City na3a3.y to, tha Fn;a:en� af tbe eoat nf the aon�txvotion end equi�enC aS esaid Corsmercias and Yacht F:ael.ri Fao1I.- 1t].ea and othor purposen provided in �ria Qrdinanna, and for no other purpaaa �hataoevor. If for any rea�on IIny partion af such grocaeda ot se�e ot ths Certi- Slcotee aro not neceasnry fox�, or nre not $o ve app�ied to, the nforaaeid pur- po�es, theri �uch ur.�pplied proaeada s2,a11. be dopaaitecl by ths City in �ha Tieaorve Acaaunt in the Sin3cin� €Lnd ko ba oatsbliahec# purausreti to sub�nctior� D oP Seation 13 or thia Orciinence and sha17. be used for tha gurposas aS this Ordinance �ra- vidir,� for z�oneya 11n oald Reaarve Aaaqunt. Ai� such pr000eda s2ui11 be snd aon- atitu�e a true� 1Y�nc1 for such purpase9 and tY:ere ia heraby cronted a ISan upon auch noney� un�il so s�plind, �n favor oT the heldars or �r.e Csrtificu�es. N9orseqa deponlLo�3 in tho apna=nl accnunt pur�tuint to th�a Sec�ior� 18 �,ey, �endin� the�r u�n in tho rsnner in thlu arcl;.r.anco prqvided� te tertporaril7 invet�tod :.n d�ract obli�ationa o�' tho Unitod SEatas af l.�or;.cn r^ntvrin� not latpr t2�.nr. �ix (6y z�tontna f.ots iha date oS purchaeo or rus� othcrsti�o te r,aintatnad in ca�ii. 13. COVE?L'.2iT5 QF Ti:e. CIT'f. Sa 1ort�; ns en� ot the Certlficatea ahnll t�e ou�� �tan�in� c+nd uttpaSd, ar unt3l thera sr,a12 l�sva been aat apar� in �}se Sinkin� �t�si Y:arein estaUliahed p aum aufSicion� �D pa;,, rrlien duo� the en�lre zrinci�l of tho Certificatee rerAlnln� un�xi_d, Co�,ethsr xith interest aac�iec' and to accr�:a ttteraon� tne Citg aovene�nts Nith tha }fo1.Za�a aP any and a2Z of Gha Cer�33'iantas l.asued pursusnt �o thia Ordir.snce 4s 1'oflasrat A. ii�1TE5: T:�t the city xill P1.x, aatubllah arx: :.ainta<_n sUah rntes ar.d wi.. w- -.� .�� -..r.• � .... � ..�__ � _.._ .- � _- _. _. .� ... _ --.. � . .. ... . ..... . _ .._;...,� ..,. - -- --. .,. .. , . . . � ':�'w?i`e'l•,- •`1,�' �: t` ;.'.'�"i:rA y�P�.S . .�3��:�tv `.'� '�y� e: ,u�� r� "S:�?t.eS �v . .,���'�i.� >.�',L'.at' �'- � �_��� • �` r " .. '�• '''7.i.�- �s r.�t . , . � � � ,' ;' , F � 4 i �. � • .. 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'�t �; �� : � :�,1r� N��. � 1 � � � � Y ozxx ca�ard�58I011 Li�F.'rI114 ' " AuRuat �1� �960 �rdinanao &6h, oon��d oollnat nuoh fcna, rentala or othor ctmrgao for tho uarviaoo und fnciiitioa of naid ProjocC (auLjoa� to tttio Carma of any Vu]fd lesnon vr Iicottana thon in forQej� and ratiiao oa�se fram ti.re ta tine xiianavar noco�ynx�1! aa wi11 ulrraqa provide �iovonue,a euffioien� ta poy, Sn �ho nnnnar apaoifiad i� 5antion 13 of thia Or- dinanae; ond nu� of aaid Revenuaa ahall pay, na t}xo �nl�a 6�1a11 tlOCULi4 duo� tha prittaipnl oP nnd interoat an tho Cortifiaataa, .tn nddiCiaq to pnying, ao tha pnme Ai14�.1 t1pQOG'le1 Cuo, Cho n000aaar;, oxpnn�eo of opai�utin� nnd �.afntaininS auat► Projoot� ull raoorvo or oinlsinE 1'uncla or athor pny�ontn provl.dod for in thia Qidinanco� ond all othor obli�abiono or indoUtadnoaa paynt�lo out al Gho I�ovcnuaa of auah PTOjeotr, and t2at nuoh tntaa� fpoo� rnntala and o�hor aYinrgoa nhall nat t�e i�aduned ao ao Cv ho innufticlont to provido Revenuoa Tor auoh purpanen. f!. REV��IU�S k'U!!D, Tl�� the enrl.re qraaa Aovanuea dorivad froFt tha apnrn� tion ot nnld Pro�oot e1�n11 be dopooited in a apeal.a], tund in a bsnk or bruat nonpan�i rrhSoh ia m m��bor vf the k'odorol Roaerve 8�otem, whl.ch i`und lo harab� doaignatad aa tho nConsnoraio.l uT1d YaCht E'soin Revemeo 1Wnd" (hereln called 'l7ievenue �lind�T). Said Revonuo Flxnd ak:all aanstitute a�ruat tltnd Sor the pur- poaaa provtdod in thio Qrdirwnce ond etwl], bo kopt aeparnta snd diest7.nat fran p,ZI nthor Yundn of tho Citp and uaed on2p £or tha purpaaoa and in the tnunner pro- vidod in auboaotion � of T.his 3ootion 13. C. dP�MmI01! AtiJ t:AT1;TE�fA}iCS. Thnt SC xi�l r.nintnin in �ood aGnditlofl suld Projeet und r+ill npoi�ate the aat�e ei�her diractl� ar tr.xoue,n ioa�eee or liconneae 1n on oSfiaient and ecorsomical mnnner, �akin� auah aapar�l.tiuro Par equi�on� nr►d t'or renoxnz, raisair anci roplaoe�onta au me� be neaeosary for tho economia�l operution and r,aintonance thoroof trom the Rovonua Ftind. s�. B:SPO:I;ICt! 0:� t��VEtfU'ES. T:�1: a21 Ravanuoa �ti any tfr.x� romainfn� ort dopeuit in the Eiovonuo :�1and nha].7, bo flispanad ot in tha folloxi.n� manner and asder af priarit7: (3) itevehuoa nhn],1 t'irst be used for the pay�:ont aP a�1 current Operntfng �cpa�sea of �hs Pro�oct au liarein dafinod, �o �ha oatant tr.nt the ar�r:e are nvt paid b� lonsnes or Iicenaeoe. (2} mYiereaSter fro� tho none�s re�inin� in tho Rovanue c�nd, the Cit� sha1.1 �ot latnr thpn tho first da� ot June and tlie Sirat de� c� �ieaar,sber in eacYi ;,enr appnrtlon srs3 �et e pert out of the satd Aevenuo blind and depo�it ire a iLnd to bo knnr+n na tha '�Co�xterciAl and Yeql�t 8nain Rovet�ue Ca: �iSiceto Sinkiri�; F�nd" {naroin c�Ilod �rSinkir��; Fh�sx3"}, which irs horoby creuted nnd astubliahed nuch sur.sa aa w1Z1 ba auf£:ciont to pep ono-iialf o. ai2 the �rincipal and interast on tho Cartl.fl.aatat� ies�uod Y.eraunder �rh�ch a}tnll sutura and beca�o duo vrithin �uah iSSCAl �04T'. :'ho Cit� slu+.11 a�sq Prflct the Rovenuo Fl�r.d dvpac�it in a iieaerve account in gaid Stnkfn�; rluld on tho lirst dny o1' J1trto ar.d �ho rir3t da;� af DecoRbnr o� aach �e4r an n�ount equaZ ta �v�on�y�five par aent (25$;) oT a11 axiounts roquirect ta bo pnid 1'or t�at�:ring princ3pa], nnd intora3� lnto a�id Sxnkin� -iind, ns pravidad in tho abavo �urARraph, on said dmxe�; provlded, lyowever, �hst no ilirthar '�wy- r:dnts ahulk bo raquired to be nade lntio said Heserve Account rr2ien thars At�.nil hnve bnen doponited �roroin, and ns long au thero alsall rnrwin �herein� an anount oqu�l �o the �:axlmut� ay,g,resuto a�aunt oi' tho princiraZ o.^ und intBre3� on t31a Cartificstea wh7�ch raature in anp ane sucr.eadin� enlondnx ;•ear. Liorto�a in tho Iioaorve Aacount aha11 bo u�ed onl,� for th4 gurpaao or �ho pa?- nant of a.atisrin� pripc:.iwl of or interant on tho Cer�lficatiau when the other maney� Sn the Sinking �r.d ara i.nauSficient thora:or, nnd for �o athor purpase. In Lha avent nn� R2trdrnwals aro �snde Pro� neid Itasorve kccoun�, such rrit.'�- �ra�ral� alinik be ro�tar4d ta an_d Reaerve Accaunt Sroti t2:n first avnil.al�lo :?eisnues s�hich are nwai.lnb].e af�or a11 ga,�at►t� hnvn �aoon .:.nde for r�aturirsq prtn- ci�al of and .ntc�reaL on tha Cqrti;inatea. . T!�e G:.L,; a1:a31 nat ba requSrod ta r.ako unq itisrthar ;sa�r..anta into snid Slnkir.�; bbnd or l.nto t?�a Re3ar�e Accaiint in aaid Sink�n� H�nd rrhon the a��;:erute nnount of fandn irt uoth suid S:nki7� Hland snd 9aid Re�Urva �cpaunt oro r�t loast oqual ta the a�{�re�;ntcs pr:.nci�sl amour�t oP Cort�Picatea iaaued Pursuant ta thia Orc3l:sance thon ou��tanc:ir.�, ple:s tha Rr�rn;nt of intereet t2:an duo or thareafter to bacama e Ca i ates t'�o oubstandin . due on s id rttS o n fi {3) :horoa:x�r froz� thB �artaqts :o�airsing in ths Ro�onun Fltr.d, Lho Cit� shail oatablinh uri3 �at up a fte:�oua3 snd Rapluconent _lind and s2tu11 �ay nnnuellf into sa2d flxnd Pro� tra Raver.ue 'r1�nd on :ho :irat dnq oP Jllno nS esch saar An anount equAl to Lhroo per oent�: (3Aj of the Hefanuu� actually r000ivect ars3 coI- ioatad fra� �he operation of ti.e Prasoct during tho rracud'_r.F Lrrolve (12) no�th porio3. .'21e nonnyz Sn such Ronotro� artd Itoplecemernt `rlxr.d sl��l be u�od on7.; Por the purpoae of raqinA the co�t oi' ox�onaiana, inprov4r.en�� or additions to, or the rep].ticanant v= capital asnot� of, ss!d Pra,�eat, ar sn,; =.art t�:e:eo�. 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''� }•a e�' .. .4's . . .1 . t- ' ''�^• .N � ! 7i ';�4= �.ps � '��: l t' ��➢ � � � • ,� � . , i''° ' �� , ��, , : '`'s•i:F.; , � . •s��: ;r� t;` "_: ai�r cn�i1.[I33ZOIl L.G�:�; �tra . . , . .. � ,: � `�'�,.` '�a �;� <; ;:• pugua t 21 � 1l760 � 1 , . . � 'v: �'� :=; �� , `,,;` :^ � • ° . . . . .. �," . . . `.�,c,,;`l �s'z:<,' '°;` � `��' .zt • Ordttu�nce fifl�, Co��+d. � °,, ,;; : : ' c• I . f �!a,` [': :�J:..'.'', i '������ ��.;;;�:. �`���°:�,:r,��',;. (Q) The Rovanuo Fli�d, Sink:nh f'uttd and }{onarvn Aaoount tliorein� urtd tlie j . . . E 6 ,,..,:, .. . . . _ r .: t� �:; ;,�'Y.-.�:;,-.',�,::`; Aenemal and lioplaoeno�� i�Lnd, atxl all at3tor npoalu� ilinca sat up nnd aroated b� .-• p�.; . .. . . ;.�. ,•`i: �, :',�:; •: =; �, ,; � thip Ordinanao p!u►1� aonatixtuto trua� f�tncly £or tl�o purpona pt�vn,idad Y.e�roit� foi� �'•'�� '• -' ouah 1��ndn, and nk�a]1 bu dopoaitaci nnd malntainacl in � nutiatwl Uan1c or trunt °'-�.� �,,�•'`, � con�►n� 1n tllo City ot CloarttaCar� I'laridn. hl,l n�` auoi3 fundq �twll 'aa oon- : '`� �' tinuaunly aecurect in t1�o aana ma�nar n� �tinta urtd r.�upir.i;u�i dapoaita of :1tnd� � ;u : �., ;c��•'�' �=,'•`: I ,';; � + nro required to 8o aaourod trj tho 1aw� of t1:o �tuta of klo, ida; graviducl, 1zr,ti�r- ovor, �2tinC tiha obli�;ationa �oaurin� aucli fuhcia o1w21 l�o nt u17. tir.�oa nt lannt � ^���,`;,°" ';,.:,',,.' � oqt�ul in r.u►rkat vulua to tho at„nunt e!' �onay 1� nnid ttitir�do. ^.2io nonapn in tlto , Ro�ervp AocounE in the Sin3ting `r�nd und l,n tho Rnnotirql atid Ftn�lnavr�nnt t�snd r.wy '� , ba l�vpntnd Ly tho Citp in diroat ob1lr,atl,ahn of ti3e� Unttad �tntna of Arroricu � -� a;°�ti.'' -� . or �tuat otltorwine ba c�uir�toi�od in cau}i. • •.''�� �. BAT.� Ol' Pn63I:CT. T'!mt anid Projact, ar any pnrt �iioraaf, mnq bn �ol�l, . �ortgaRed or othar�rido dSaponod of onl;: if tlsa noti proaoodn tq bo rca11«ed si��ll � � �••� ; I.: " bo aurr�cxon� �zip bo t'ctlra aii of ti�o Ccrtifiaatan lasuod ntiraunnt �o t3iia � . ' Orclinat�oa enct u12 xtttaraat t}:vrean ta bliolr ron�oa�ivo dntos of r.rmti�rity or , earlSar rodamption c�ntn. 'I'tte proaeudn Pxcm� au�h salo� mortFn�e, ar oC}ier �i�- : • ��� �� � •-- �•� po�f.t�on of nnid Pro,�not aha3l �adiatp],� Uo dopaaiLnd in thq Sinitin� r�ur.d a�d t � , , �' "� •' a1ut1l bn uned ohl� for tho gurpoAa of pA�1riF tlio prinoi�l of and intareat on � '..' . , I�:.';� .�,� ��'". ^`'�;: n�` t,;�t�" tho Cn2+tlfiantea iac�uod pursunn� to tlyia Un3inanae u6 bha anno akml� bnnor..a dun, � , ��� ., ••� ° � or tkio redanptSon of aullable CortiFl.anteu u� o grSce not �;reatnr Chan the re- � - , . . ."-:��'� �. � , danption prloe �horaof. AStar a].1 oF �titch prir►o1pnl and S�toxa�C a3za1,� 2�avo ' ; • � , •,�:,':.' F��'•`.��:�• baan4 dulf pnid and rotirad qn�� bnlunoo rorninin�; in naid fnnci �hall Ua re�:it�od , .-• . , . ��4�. �.�?� t.0 tiil0 CiJt f • ' , � .. .. �' . .,:�"' . � ' � " � . � � I. � . � ' . ... . .��� ,, ,�r;,,�� '' The ].anain� ar iicanain(4 oS anid Pro joct, or oS �rtn thareof, a1ui11 no� � � �,�.�, .�,:,,��;• .'.' ba doe�ed to bo a t�al,o or di�pouit�on of auo}1 Pro�ect aa lnn� aa blia Ctt� re- ' '�:� . � s�`�'`,;f�1l '' �.;:,;., coivoa rnaeonnb3.n nnd tair rantals or innamo ur.dar sualt leosap and 2ican�ue or.d -: ',y,:, ��,, � s � :�,n � ' t:�o �ame are payable into tho Revonua 'riind. �,.-' • � ' � =�s� ,< . A '_�^.f[{t . ',tt ti+', .. �.,, `.;; .. 6F,�:. :1,�.,,•.. +r Vt t y 1 ��V'.,''~ �'.:.i;' ,'"j'�,:,v;'.' �:i= , F. x3�V1.ttC� oA Q':3I1:R Of3LIaATx0��5 PAYl�F3I.ifs' OUT fli� REV�IT13�u. T2uxt the C�t� `:�;::;'t,.. ';t'�,i .'r,:• •. �;` °'`.:�;�;<< .., `, �j "•- rrill not Saeua 4ny othar obligatiana, axaept upon tiiio aondltions artd ir� the „�,`�s�.;r:>„;t�,'.e,,.�';;.`�� .: ;.�...,.• ��ti_ ;,, ;O:f'.,� e..S j.; ,.v .f,; ?,'.i.�'..aa . r r„': ' "::��`; i ". .;>,:�:•.; .;,;� s.anner pravidad hereirt, �ayab2e from the Rvvenvea de3�ivad Sro� the operation oS �,�,. �:.,,:�.�„ :�;, .; ;�,_�.,„;, . '-:�i �r'�,�;,�` ..�,, oald Project� nor vpZuntarilp crenta or cauae to t�e creetnd wnl debt, lion, pl.adge, ?,�, �;;:�=%j;��,;�� ��,:'' �.'<'�;a; ' 'a ^ � 1 i`s'' � � f .� � 7 8 � � Cj ' ''' L�. ' '�"��4 �v.; :+q as�l, tunont anounbrnnoe or an oth�3r c}uir o hev3n rtorit to or bein on a �"N; � t;:�.'�;>�t�r,;;;., ; , f `'%` ��f�< � rit nftih thv �Son af the Cort��'ic�Cee isaued rnunnt to th:.� Ox�dinunqe ond the •,";'=;�x;;��4.;;; _-:'�; :_��4`:..., `' • �` ;�• ,l-." Pa Y 1� ;;: t:,;�••.��.(.•+;.s_-, �:���� • in�oraat �hereoh u on en of tha Aovanuaa of said pra oct lad ed as �ecurit :> "` �Y` i``.�` Kf.::•M '�. . , ,. :, ' , P 9 � P G Y :�,;.��. ;.,�-�.... „�;;r..., s-, :`<= . • , , �;. ;`• ��•'1" � thorefar in this Ordlrwnne. Arsy other obllFationa iasuod �;r the Cit� tn addi�ion ' ` ""'�%�''�•,����'{ ':r; �:� ' � ' :-.�•-,'.,,:°�, �, r�., `���" to thes Certificnton suthorS.xed b� th�.a Orclinanae shu��, aontaln an expra�s ntatoM 'if�w�%�?,�..f,�.'�".y'�,yr3.�q+)„T;�!< ;° . ��_' � , ronb hat a ch o li 4 SOIt9 re tnior ar�d ubord7.r�te in 11 ros eat to Ch rti� .'•�a"���b1'�'�:`�� '"itifw.��.��.;;.� . t u b t g � n c► a ti Ce ,:`l•;'• .;s:>-?�,.. `!,:' 6 ,� P . � �,r_'�F;:Jt;';;��°r e. . , :t='='� =.r;.{!��:.,,� .. : °fS.;�;"����� � fica�aa 13auod pursunn$ �o thi� Ordin¢�ce ea to linn and nource and seoi:rit? for .,,.;.: �'��`�r�>• °�;:;:�y�>:�:; : � �". .;t ''t.. � `��. �.nvmant Src�t tho Revernxan of IIP iLl Pro jac�. ''�." � �;; µ �'I��;i;;��:�r� °��f "`.` ,u� . �.ti t..�.,���:.., � : � ;,;:,�i�: : ,:�;. ��: �`, �>. -.•�,�.`.,.��'�..�.;::y,'�5;.ya�i''.t�r:.-�,,.,,,5• �' ' I3. i7i3I3RA.IC�:. "_",�a� the Cit;r rill cnrrg or cauaa �o `�e cgrried Por it� ,?';,,;�'; ..:�, �`°�,i`.5^:���,-:�,��:��::�'. ' ' 4:r i Yi r,...o:'Y�;.�,. �L.- ,s� �n.,,• �` 'w.�% .�+':. , , '�-:° i� ',:".5��, beneftt, suah inauranca, and in aucii amounCs, aa ia ordinarfl� carriad by pri- -�..t�+;..�`r'�,'f:J.� ��`Y� �''�;��:{`,: - vate corporntions arminq end operating si7ilnr i:�Rrovonont� pnd fan131�ios in tl�d =�ti�i�'.�;.%�:;.r,_;.�'�'�r�.;�;+;�F;��;:;�; ! r;',�;{;�, :,�:;�.. .��'�3' nres �3th reputmble inatiirnnne carriers uquirtst lase or c'utta�o to the Praject, ��:,;;��R'� �.L:i,i,�'r'-�'�'' ,,40•:;:�"�"rg•Y' �! '.3 '' F':i �,' nttcl snld proner�y loas ar daa:.age innus�rince ahe�l at all. tis7ea he in ap emount ���4': ;°�•',j.''a�`;<°�'; ;•;:�;,t°';" , � � or ar.iounta equal to tihn Pair appr�isnl wZue of the bu1ldS.n�,s� propertlna, faai3,- �,:.?�?��.�,�r�v;%.,s��;c�;":,-s;;'�',,;,�: � �•` �,�f•� -:i�E��t `��' �� ``t' itiee im rove�cnts lttrnSture fixturea aRri e ut ant af Qaid Prc oat. In t.irae >•t; ,=z..•; ";,,'E° ''.;e:,�z;.��,''. ;,. '; s. .. ;• . , P . s 4 P� ,i . '"�'` �',•• J ;:;,,.`��«�;;, ,, �, of war, the Ci�g shall a],nq carr;� in 3a3d etnou�t sucii innursnne ae c,ay be avuil- 'i53.i4-�,;y��;:;,�,'4'"�,;;�4;��;Kt. ;�" _,' 1 gaJ.nat an ar �ug q h rl�sk d hex xd of r. °�`��i` ;����.r;:.;::�,' -,.:�:, � _��, �+• ' %° nb e a ln da� o h t a s an a a trn � . �!r} �', '.I, `i Yil�'�A ; i'�. , , ... 'Y' �tig}�±�n:;Yw'' ,S� [. �'t,<; � `' :'�� '`'�' ;': H. £s00iiS, 1iECORDB kliD IZiSP�CTIOtT. Ti�a� tho City ►rill keap baok� e�nd recox,dn � '��s , �;. r'` ;"{-"��� ��� �:;� ' ' � F : .J?., , � 9 '�`�^`�" ' � of aaid ProjooE rrhlch ahall be sepnrata and npart frar� a11 nthor boolt�, rocorda - ,., �r�r':-�,:��:'�`� `���,� ;,l ''i:a,` '' • �'t,..;•.�;:��:. ..� s;�:;;�n.-; `�'•�.; :..._f. '• nrtd aceauntm of Che Citq, in vrhich oampleba nnd corraot entrioe stufll be s.ade in -;,:,t.,•�+":,ie�;:,,.�4;Y• j.n;,°�-.;. ; �. ;f'�= �, . acnordanca w'_th stnndard principlea. of aacountiin� ol e11 transactiona xelatin� ,.. �;_;._� �, , � "� � � ` �a anid Profocti, and an� ;�oldor of a Cert�.ficata or Cqrti.if�.cattn i�sued purauant 'r ^"" "�':"` . ` ;' �.�}�r'�•:��.�:. ' , 'i`'a�� ;��,.3��:�`�'';�'S':��fa � 'i. • to thia OrdinunCO ahnll hnve the ri�I:t nt all reaaanable tina� �o l.napant aa.�i �: •..;.;'�...`{,:"i:-; .r ,. � r� ''�;� F'ro eat and a1Z urts thoraof an� a11 roaords accounLs und data af the Ci�� ru- l�: ,�:,'.;-, ` j , �:' ' � P � r 3 �.: ,», r`�a; ; ��•_ �f�,: lnting tl�erato. �:,�; � °;,;€.;i�.�.�'`:;r.i=. , .'s '*'" 'ir'. ':_:' c.c;:~ ��. _.E.� i;;°;';{;�. , ..,,...;'. ,�s.:-::; ' . � ..',:. P •`.i�•,.Y"'=, ,5`s "r�, ��i��., � .�a �1Q CSt;� sr.a�l, at �tie end of aach fiunai yeur, cnune the boolcn, racor3� nnd . h�4',�d:, ��,:�'.,��j:�,��:'-�+ necounta of aa!d P1+ojec� to be praperfy eu�iited by an indepenttent eer�ified �:ub11a .''�T,'•;F•.;- '.'�;';; •' ;:�','.`�'' �. ��.: accountnnt at raac�:�i»ed s�anding and eha12, upon requa�t, �n�o available wltizi7 �s'� s�' •°�`,�'��r:�'�r;.�:•,�:-. =���A.�° .;,:�' 90 davs uftior the end of euch such 3cur, tl�o raport of anid euditor ati a11 reaaon- �`.. ,'j'�:-.� "::;"- "-;r.,5� ; '. ��� :s� ,�,� nble tii�ea to anr hoidar or 3sa2ders of Certificutoa lsrsuad purauont to this ';,,"�=' � -,;.`.�`:'�+�;���� :t: .}:,�:, �;.. ; �.�. . , ��F•� . .. . Orc]inattne. Prara tl nfter tha reaei t of �uch nudit ra ort a co thexeqf aliall -.,: �a.:,, . .� . P P P P 4����;� Y 3' .� , :;�� • . � ���� ;;i=;F'; �r�� ``� _ he 7uiled h� the City to �ny Cert:ficeteholdor xhn �ha].� 2•.nve fSled h�a Ad�'raan , ""� p 'A� s''"•� �'� r ��.:�'� -� nithuthe C.tv nnd ra ueoted in 'A'r�tin thnt co �.ee of �uch re ortn 3e turnishcd hi..^�. :�'� �� "�� �:��'. •,� • -. , '. q 6 P 1� ,j,;:Y.,_�.�$ , ;';r,�,�.'!'��'� c:�;`:�� ,°�•� .- ��..;,.:;��.,,° , II',':}:r;�.!l.i��'i.��; •:'K;`�i.j�;i,:�•. r n �::<-, "r• • ,° •_�5;, '..,.. '� .,_<� I. COt�3TAtC_IO?i A:i� ".dI:i'-r^.I1A`tCE OF COL:t•i�RCIAi+ AtTD 1'ACF:^ EA3I2i ?kC:LITIES. -:%,.,�;,,..•:� :.,`.r,=:;`: `� , �,:�r.. �,,,��. _��;; :' i�= . �:r;.' . p,�';� � ` ,-�•, TY.nt the Cit7 ni],l eqmpl�to tho aonstruction, ixtprovor�en� snd equi�-aant of ��- •��`�i;�•i:; ` '{`�°' '�'4.. nercial ahd Yaoht P.asin k'acilitS.aa provided for tn thla Ordir.uncn xtth 811 prac-. _ :`�`:{ - i � •:��s" �'�.'.,3��' y;i;�,�:;,.�; . ;` - s.;iE::f?�.';_,�,°:4'��'•.:.`�';:su,°. Licnbls di��utch, and xilZ r�..aintuin aeid Project fn �;aod nand±tian nnd co:tt=nuo�tal� -,�'.t:' :�.:•:t'�,.�; :�`,;`.z':� �i` g34i.� 3M�,�t�4 �;::;,�.r;.;';'- :�� � oparute tlte sune in An of!'icient r8nner and at u resaar�hlo cv�t. ;.r ;•.•: ,�or,.. ;; .,� " �.{;•.d '^, q•;'.�y• •.`•x� ..., , w.a�� . : Y1,�;,�?�XMf�'tr.:x:.."i�'�i.�,��a .i� ��:;.`, F�'' ;, .`; , t� ��"',^ ;�r:.�.:.',; .;�i:; :���� ! J. 5i.iiVIC�S RF:i.TrBRi:� TO T::E 4xTX. Tha� tha City will not render or asu�a to -'�, ',: •�•'�';�;�'�''�� =` �"���'"'�"�` 'c� � be xendered an Sree aervicea or fncillt±ea of ar► rua�uro b satd P: o act nor - .. .,.�J, �,'.'- � i 7 7 1 � t;'•';•.;:::;•~ + allox uny uaa ar occupation theraoi' nithout reoaonnblo chnr�e ti:orefore, t►ar :r:�l E ._': > ..; .,. , ;;;,irYS;a': ar.� proferentinl rntoa �� aata�lighnd far uaer� of �he �s�so alaaa; nnd in the tt.'.`�;:,;:: avont the Cit}, or nny d@pert�enti„ areno�, lnatriu�enta7,zt�, otf:.car or c;nplaqao ����,��'.���„�; thereoi*, ahall avni]. itotil: or th�r..nelvas of nnd nse Ducii Projoct, or u;�y pnrt E,��,=.,�;,5�:�, thereof, a: accupy aqid Prafect, or eny �r�rt thoreat, thrt Aar�o rntoa, rentA2o, Toaa ,. er oharf,eo epp�lcable to athar parties usi:� like tncilibiee under ainllur cir- f'�,'-'"�=1�tfi=`' cuautnncoa a}•.all bo chnr�,od the Clty and ar,� sucl� departne�t, a�;sncy, Snntrts.- `�%,�.'�Y?:;�:��' mont0.11t�, officor or a�ployee snd aZl auch rc►tes� rentnls, �ona or chnr��a nha}.1 {�°;_;�4p;�� be reaeottable. TYte.,Citp eh.all roquire eay Ieaaeq or 1_aensna to obaorve uncl onlorce .:: ...��� ��... �..r. .�- .�.-� � .... �_ .� .� � �. �_ _. ... , < .., _.. ..�T-„�.. _-... - -��;,. .•�• , . . . � s �. . ,,...... :;�1: �.:i-.• .-�; �r.; .;gF''' ,I+`ry'}ifz'J = s •:i�ti .�,'., - 4�� :.is;;..ti^`;' 15; � ,a �. =,-�.�:;;q'+r;r.Y° `�;xr4.:a:;`'� . �.i ec.'F:.Rja�.�ys �` ",5}�.�ii�e;�f.',.�`t.=:j � �: � �,. .i, ::�, 3 , {:: ,r�:' �c.:'= v,;�i`� �4' ' '�t: . .f"'"t a,:^."Arv;Y'..t;;. a i;;r}:f, ,' .: �I�i'�:.:: i ..Y, il..y � sjl.. , .t.j4�.t�a.�;s 4.�{:�_� M�,'.^s,�.;�a" ::s ': 5 r.;'��s�l�.i4.s ri.�w� �}i,�; -,y.�r � f �' `�'�"'S.`t:}==-'ei..;iS:,t�},`• 'f��;'�;; , ,' . .�;:. . . � �:,�.:�.; i .:��tk�; c:� • 4 ° �:; ' �;.�,`.': Ni.<;.`,�i�' y :s{�;: ,.,, �x:.�i'1 `Y,v �,�"`<f°�.. • �ri � � .�'r'X'. ;;�.'slI p�, :�:1 � X���:..�'�' y�r�,.t'. • ,.r�k'�'�#' } °'��i i: ��r' 4��`�'°:��5 ''' � J k' ,) , •, 3;�.2, , � -7,,,��ir„�V�`i � t • �^� ��r`;:4€t . F :.'�S�.L'�+.v''a�;' �.t ,��,;., �}�' r ,. �`'jt�`�,' `. > 4.r,�-.i�':i���R `��.? F�'i;;K�•��.»�;..^�",4,���;' ,f''�<-:,���y,,+�;+'s�,.�'� gyi�s��.:��z�j,�, . ! a ..�t�t'�...;'�?�� :�.�,'��.-'Y:''i�'?���:�i��i:. � �• ��Y'Sri�i� , �� �����1�;���s a .. 1 ' . . . , .;"_ . ..�� ..� .,..,�.�... . . , . _r .... ... .. ....'_ __ __ _._ . . . . . . , : .:. . � :7:% . , . .. . ' . - . . . . . • . � . . ' . " � , .�. . .. � �.. �i�. �� �t....,.,..�?�.,ya�r�ty,+'r�+!_� ' � . . , . ., :y.� , ri�3��C+'. '''.:•i.. ' ' . . .. .. . . - .. . .._.�.' ' -r-....+..r..-,.-.�-..�.. � ,'r..-.. ..�-...�. :.j.�n.. - . .... . . . . ' . f ' ' � "e . -^d'' .6 .i.-. ..- -«- .-._ _.T., . _..... . . . . . . . . . .. � . .',` •. . , �'��a y,.qy..t�.a�45���(y`y�i:,��4�. ''�.rl�'R.[�' �i `.� � . . . . ' - � . . � ` ' ' .. . � . � . ' . . . ,'t� � �Z°-a•f i�f G`,�.}2:� x'� .ryi:. � � �' +�i` -�} �~ ' . . • . . ' . . , . . r"�L%�r`,�:,;::3i,e. �..,,�t�dr; �!�t;.a'�,<.,': �/� s,�.±�..w . i. . � . . � ,� . . 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E" . � ". .Li._ ' V . � ' • �, � � . ��' �"�� '.:: ' tho provinionb nf thia auboaation J. �uah chnrt,a3 ni:ull Ln Enid aa ti:oq accx�.tn, ; � �• nnd tho C7.ty atu111 trnnnfor fram ita �;n�oral 1linua ai�f.Sa:eriE atinn to pa� uuch �:;:,�.�; '•.'��;,` .` '� ahnrqoo. Ti3o incomo ao rnoeivad ahall bo daanod to wo itc�:anuan dcriWed Prom tho ", '• qperetian oS tha Projent, nnd aha11 bo deporsi�ec: �nd accauntod i'nr in the �nno ��. . munnax na othar Rovonuqa dorived from Eho opsmtion n±' r2�.G r`ro,�,oc:t. ., t a.�. ,�. �• � , K. QPk�tAT2i�� E1U�OL•'P. Tlu�.t �ho Cit� �t:ull ur.rti4n17.-r, o v t1z� an�n tl.r:o nnd , r' •;..� in tlie namn munn�r tl:n� it proparoa iCe� annuul r.iuriicl;.al i:uci;;nt, pre�uro nncI •�''.': � adopt tr3 ro3a�ution of ite govorninE; bod;� a dotailnd i�ud,r,ot oi' tlio oatix�uCoci ex.. ' pond,lturoa for oporatian und tr,�in�onnnca of tho Pro�oct ciurinf; m:ch ouanoeding � � fiscul qesar. tIa oxpondituroa for thv oporpti�n ond r.iuintanancr_ oS �L'c1t 1'rojoct ". •�� ',� � nhnll bo r.ado in nnq fiacal Scsnr in axcoas of t]:o anrninta �rnvidod thuratar !n auch i�udFati vrithout a rrritton findi��; nnc! rnaac.nonc:ntion i:;/ Lha �;anorvl massa�;ar -. �. '•' � , of at�ah Pr�faat or oti�ar dulp atithorl.xad ofticnr in c�:nr�;a tiiaraof, which finc7. �� - in� and roccu�endetian nhall ntnta in detuil thu }��rPonu nf ar.d nace�nity far � ';'� auah incroaaad axpendl.�uro Sar the apnrntian snd �:ain�nnn�oo oP auch Pra�ont, , • ancF nn auch 1»crouaod ox ondituroa nha11 bo Gwdn until t}�a �avarnin badv of na,id e . .. . ... .. . .... . . - . .._ I � � ' .. • �'; ,' � .. Ir . ' ., . , I ',i • i � �,�-. �' . • � ,=:' Ih : � � , .. f i ,..IJ I�, � ' , .. '�•7, tf � _ .`1 I: : . , � , •- . ;i-� �' . I' . . ••f, 19. •�1�. �". f�• '=fi:�, �`", I � �i; :�` :+ ,14�- `'� +. ��; ., :.�'.o :t ,�. {� ;le: . :�jt . , ' .. . . Y''3.� . i r �� � , ;. : l ' . ; :i�,, f. . . , < .l,• t. F`f , , �•1'' . 's•f'°. •�f . . `�� .. j'' ' "!' ,;�`. ° .� � � '' e � . � - . .. s. . l, '��•� s�e . •fF ,E" �y . �` �' S` °� � �it�. : ,'• 4; '•�Y� ' . ��. .tz_;!;':�3f.' °.e. 't. ,`• ,�, �; : � , : �°.,,� .;`;`f.'�;{: ��, ;�. � .�� •.�° , '1�. �' �-` �' '4. I ., 't ;�S'. , ,,�:;"�' �a : ';,� '`t,`r,;;;:�-, :, - t,•�ci:. � :(; �.' - �;I:�i ,' .�R' ,ke,I�f� i� �i��', :,=.r ...� , ,�,; -. � -.� -��,' _ �,, FE; : ,: ', ,�c.y.l;:°��`; . ;r:�:`, `.i�; _.ye ''f�y�� �t:��, �t� *£��7!' _� ��� ';i�;E`;,�'��:. ''',�;;s:�:,u., ';t'� ,��ii.''i,j�.� 'Y' (;i� ,'i. `�': '•a� ?;';'�'% ';�4' ;r• .,lf" '�t. E�•i:}}H:'+.`,�"`rr�� �;�:ree'':.�. e. �;1�.'ir {:'..�t:,��'S':';{(-°� T; �'�'' � ;�, rl' ¢, � �iI . fye. ` � .' i�'.: ' ����`jN,��� ; �' j7}:. ? l",.��1� `�.. ��' '�4'y ''S�"�.�r.�i� ;4iYN�.?�'q�f•: e3 �'r�; t 't;:ihf.�,%M1,i; '��j� 5=��� �! Y�i..' y�Y,-�;�;,. �•,�4{ E.' _.., .��,, .�t�.�.. e-i. ., �.. .. .t:�,,. a'. i`'!u� ey^:�`�-1�.i �� i.fjy''jr+!.%..1�: �'�s� . �i�_..�'Et..L'i.�t:'�`.'...,'.i7�'°�.��':_� � ,x P 5 City aht�21 hsvo npprovod ouch TSndinF ond racat�nondnttan k�v n ronolu�lo��du19 h, ndopted. Tfo lnaroe�ed qxpenditurea in axoon� of tun por oantiuri of tha amnunt� grovided lor Sn nuch budgot nhn7,Z Uo r.adn ri:�haut t2:o Turthar corCit'icaCa oP un , Sndopnndent reca6nizad conaultinA ani�inoor �hnt �uch i�cronnod napenditurou are noconsarp for ti;o continuod oparutlon snd t�nintanunen of auld Projoc�. 3'ho Citv ahnlJ, mail cagias est uuch unttuul bud�ot and nII roaa2utioha r�vtt�orlx�n,G inoroaaod espopditnroa tor opornbion nnd t�nintonanca ta anf iicl�or or ltoZdara of Cortii- Ticntor3 who ar.n�.2 Silcr his uddrane rith tt�o C.ty �nd raquast �n �xr'_�in�; t!�.at capiQS af aIl such bud�ata nnd ronplutio�� to ;urn�sl:ad i�L*1 ar them, ar.d ahnl], z�uka avn11ab1u AldCi7 t7llC�sp�4 and nll ra�n�utiotta authnria'_ng �tICT`AO9QC� expendi- turns for opaz-at3.on and naintonunco oP n+ich P:ajnct at a11 ronnor.nbl4 t�:og to sn� holder or 2�oldorn at CartiYicRte3 taauod };ursuant to tftia Oidi:�ance, ar an�� one actfn� far and in belinlT af �uch Certillcstol:ol�or or CurL`_.icnta3iolcwr�. L. I55liA:�:.c. Or kuAl?IO:ZAL OHLiGA:IO; 3. il•.ut r.o �dclltZor.d? oblic,at.orsa, ua in ttiis 3ubsea�ian deflnad, puy-nbla �gri-Faanu out at tho Ttovenutt F1snd aY.al]. ba orea�nd or i�atiaed aStar l:Yse i�nuannn af any L'ortificatos ;.ur�uant to thta Or- dinnnce, sxcapt ur.do: tho oondi�ionn or.d in bho mrxnnar herotn �;rav��c�d. 2;a nuch additior.al Fnri r.ua3u obll.�n�:cnn otu►11 t�e iaauod o. croato� unlaaa �ha nnot aarn3nRs" at Auch Frosoct durin�; the precedinr Lrolve aonaeaut:.t�a �sonblia siui].�, equaZ et lonat one and ane..half �i�ea tho hir,�o:�� oRE;z`c+kute pr�ncipal sztid, intoraut requ.trac�enta t'ar arsy sneaeac2in� t�ro�va oon�ooutive r;anvh �oriai on eI1 Certlficatoa $fscsrntoforn Sa�uad und sti11 outi�tnnd!,nr un�;or ��;,� O:dlnar.ce ar.d on a�.l auch Qdditiona], obliE;u.t:.ano to be isnued� Ar.d unZe�u t::� �rocnads deriti•ed fro� tlia sale of such AddibionuZ ob1.i�,ations sim11 Uo usad saJ.el,; fot+ thQ eur.. �oae a�' nnlcin�t roFuiru� i..�prove�:enta, udditicns or axtensiona to Gho Project. 'Ilet earnin�s'� a� uuod !.n �hi� aub�eatlnn L are hareb;� cie:ined a� :iavenuaa leao Opo;ut�r� �zpen�ea. R'he te�s "additional Fari �asau obllgotion�r} as uaod ih tt�i� avboeotlan � stiall be �oar�ad ta moan uc3ditlotyc►� obli�;utiona av_�enaod b7 Ce.t�T3c4to�f iasuad undnr :ho proVl.alan� artd withir� the 13a:itAtions of th�s Orclinsncu �n;able fro� tha Rcsvonuo rt�nd pari pa��u with Certiificato� orifir.all;; authorized and iasued pursuenC tn Lk;i� 4rdirwnca. 5uch CartiS,tcntes 9ha11 bo dee�;ed to lutive been Ssuuad nur3uunt �c thiA Urdinnnca tk:a susse as tho Cort_i'Scatoa or�F,iru�ll.y uu�harizad And fsauod purt�uant �o thia Ordirmnao, and ul1 a1,' tl:e cover.nnta ar.$ u otiiar rav�tsiona af thia Onlis�nca �xco t acs Co dotnil� of uuch Cartiliantns { p P av7.denain�; eueh sddit�onnl obll�ationa lriaonsl3tont tharuxithj, s}.all t�o for the equu3 benafit, pro4ac�ton ur.d securlty ot' tlia haldora of any �nrtlfdcutoss orl�,inulZy authorized nnd is�uod jursuun� �v this t}rdinnncs und tho holdera oT anp CartiSicaten evider�cing add3tiannl Fsxi gas�u obli�;a�lonn aubscq�:ontl; cr�nted ti•rithin the lir.►itatians af nnd �r5 oamp�.iarice sr:tli thia subsa��ir,n L. nl� of such CertiT_catoa, re�;ardlo�s af tro tL�e or t'_.�es n: t:oir SAn11pt3CRi �hall rar.S: oqus119 with res�oct �4 their 21en on the Hevonuea end �:a�r acurcoa ar.d aecur'_tJ for nn;,r�ant frot� aaid :tdvenuau rr;,thout pre:erenco o: nr,� Cert_ficate� nr cou�cn� aver an� other. Tlsa �arm �'udditionui Fu:i pasaL ob1i,E;ations" aa uaed in Lhis aubaoot_on I, aralk not be deo�;ed to wnclude bonds, noton, aartiS'_ca te� ar other abli�:at3.pna $1l�3PQUGiitiI�T �9111�L� j�23e linn of ��h�ch ori tho r'.QVOnuou o1' auch Pra joct ia aub- aoct to tho pr7.or and �iigerior lien an auch Ravenuas af Certl:7.caGea iaouad pur- aunn� to thia O�ir.nnco, c�nd tho Ciby ahn31 not l.��ucs any oblis��iona xhetsoover Fayable frtmm tha iievenuaa of aaid Projac� vrh=ch runk eRually ns to 11en und sourct+ nnd ae�urit;r Pai� payAent frcm ssuch Rsver:uea rrlth CertifAcates 1aAUed �ur- auant to thia Ordinsrsoa excupt in tYio c,anner n:�d under tha conditiona pravided :n tiia subsoct�on L. :�a additianal oblw�ntiana, na 3n Er�s euUaeotior. de_�r.od, 9i+�►11 t�e craa��d ab anq tir�o� hoxever, un].oaa ell af tho Txiyiaants into tiio reapeatitie =und� prC- vlded Sor in th3s Ordis�.ar►ca on Cart:fiaq�aa tiian aut�tandlr.p„ ar.d a11 o�har re- aerve or tsins:in� 11�nda, cr othor payraenta Frovidad far in tttiis Crflir:t;nca nr.nll hava been nude _n 11i�1, nnd Ehe Cit;; ahszZ have �I�� co�pliaci nith alI �3:o cq•�o- cnnta, agrae�en�a and te ma of this Ordirsanco. b:, Fir2iE�7�5. Ar.y holder aS CQrC:.S�cutea or of an� cau�aan iort�inin� thera- to, isauad ursdor the provlalona af tl:i� Qrdinunco� or uny iruaton ac�_n� for such Cert�tloutaholdflra in ti:o z�nner hflre_r.aftor provided, �.��, ni�hor at lar¢ or Sn eqult;;, by aui�, sctio�, randau.un ar otk:or procoedSr.F in nn;� o�ur� o� ootapotent juriadict2on, pratect and enfarce anp und e,ll ri�;hta under ti:e 1.nKO of the Stqto ot rlor3du, or grnn�Qd a.d cpntalno� wn 4hia O:dinar.co, str.d r�� er.�orce and oapal �he parfar:snce af nZ� dutie� raqulreG L•� th_e Ord�:�nco ar b;� at�;, �Fpllaublo ataxu�na �o ve s.�r:or��d b� tha Cit3 oi� by nny a:ficor th4roof, inaluclina tk�s Six- in�, chux�inF and aol3.actin�; oP ratoa, rat�taZa, 3'aas, prtcl cYurFUa :or �eid Prafeot �ubjact to bhe proviaiona ol sn� vn��d 1e��ea or 1lconaaa ox' saic: i'ro�ect, or any pnrt thersvf. -- •-• - - - � -- --- �� --�.,..-.-_ .�.. .... -r-. �. -�. ..� , . .�... �..�. -,� ..�. .._ .� �.. .. ..._ .... _ ..`. ... �. - yi. ,:�:��.•,:z` "`{t -.�»-. .t., . 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Such recoivor a]wl]. cqlloct ahd rocoivo nll Fiovenuan, r..t►intnl� arxi ogernto uuoh Projoot in tho r.'nnnar prnvidad in thin Ordinnrsae, nnd cor�pl;� urldor tho �uri�diatfan o�' tho aaurt appai,n�tn� auch reaniver, Ktth n12 of tha Frovlatorla nl' xl�1.a Ordinnnoo. �Aienover n31 thut ia du� upan GprblPioatc�� inauod purnuAnt ta thia 4r-. dlnanca� anci intar4nt thoroon, end undur an3 oovenanta of this Ordlnance for ronorvo, ainking or othor SL�nda, end upon any othar at�lipptilona nnd �r►tareat tk:oroort, isavihr a aYwr�;e, 11nh ar ancu�b�nco upan the RevQnunn of 36S{i Praject nhull hevp beon paid und mnda �aad, and nIl doSaults undar tho grovisfona o� this prdir�nca ehpll 3tnve beon ourad and t�ade gopd, ponaeoa.nn o� such Prajea� nhu11 be suxrendored to tY:e Citq ugon �he ontiq of nn orsior oP tho oaur� to that eS£ea�. llpon a�y suhnoquant dataul�, anq ho2de^ af Cartii'ioatoa ia�und pur- auunt tp �h,� Ordirtanoa vr any Truatae nppoin�ed foT CerCificnteholdars as hora� SnnSter p��av2dod, nk�11 hnve tho a��fl rig2tt bo aecuie tha turt2:or ap�ointz:ont of a roaai�or upan nng 9tiC�1 nui�soquetlt dofnult. 5uch rooeivor nha].1 in tho pnri'orinnco aP the paxera 2tcroinebflve canferrad upo� h�m bn under tho dlrention arsd atiiparvialon o£ tho caurt �akih�, auch nppoint- �ent, �r.nl]. A� a11 tinas ta sub fect ta the orders ancl deareea oi' attch oourt and say �e re�aved thorvby arsd a auaeeaoar raca3ver appo3t�tnd 1n the diacratilan oS �uah nourt. Ilathing horoin contalnod �hall ].itfit or rouCrict tha juriadio�ion ot auch court to entor �uch othar and t1.tr#:har orcler3 nnd denxeoa ae auah caurL r.n� d�er.� nacaAaAr7 or nppropriate3 far thB e�erc'_3o by tk:a reaeivor of an7 fLnetSan apoci:ically net forth herein. Arr3' raaoivar apgointoB ea prov�.ded horsin �fuill Piald and opernte such Pro,�eat in tl:e nanQ of the Citr� and for the joint protsetian sad �enefit of ti:e Ci�� end ho],der3 of Certificate� insued pursuant to th3a Ordinanco. Suah rece�.ver ahail r.ave no por+er to so11� asaign, nortgar;9 ar othei�sr�.ae dispoae of any aaaeta ot an;, kind or ci�urncter balcn�in� or pertain'_ng ta suoh Projoa� but thn autrorit, oS auoh rocoivar s3�11 bn 3i.^�itc3 to tho poasasaion, apnrntrton and r.alntennnca oT such Projent, aubject to ti:e rights of Bf]� �09990p or licenaeoa, far the aale pur- poaa o�' the pratoctian oS both tha Citp and CertiSicntehaldar�, �nd the auring end t��ukit�; �vod of nn,; dafnult undar tho pravlstona o� this drdir.anae, and tha t�t2o �n and atmership oS suah i'rojoct ahnll ra�,ain in th4 City� and na court siu�l]. k�AVe mny jurtsdiation to antar any orcter or dacreo par^ii�tin�; or requ�rfng euch recaivar to ae1i, nart�ard ar otheszRrlaQ d1,r�pa�e of ntt� gart oP aua3x P:ojac�. ::a haider or holdere nf CartiSicutoa in An aqqrequtra prino'_finl anount o€ aat �esa thAn Gxenty-fiv� per centwn of Cartiflcnter� issuad cindor tihia Ordinance �::ea outrstundinF; rrav b� a dul� executad certificnta �n ►rrltin� appoinb a tiruatao Por holdars oT Certificstie� is�ued 3nzr3uan� to this Qrdinancs nith authority to re- pre�ant auoh Cartiticateholdera fn any IoFsZ proceedir��; fpr the nnforconan� and gratection oS the rishta of such Carti.`,ioateho�ders. Suoh cerCifiaate n1u�11 ba exocuted by auoh Cartiflcatoholders or ti:�eir du],y uuthor�.zod at�orneva or re- presantutives and oim1,7, bo tilod in tha offica af tl:e Ci�S nud±tor and Cier�. :!. E1TFORC'k."�:�;lT 4r^ CO�T.ECTI03�S. �kss►� tha Citg niil d�1l�ontl� gnfarce �r.d aoileat o�.]. Pee3, ran�nla, rutos or othor c]^.argas for aaid Pro�ect, nnd tnl:e all s�epa, uatfons and pracoadin{;p t'er tho enforoor.sQnt and co3leaticn af such feea, rentnls, ra�es or other chargeo which ahall baa4ne delinquont to the i�ll extient pam.il.ttad or authorizud b� the Ci�.rtor of 3aid City and h� �Y:e Znx� of tho 5taCe of FZorida . AFtTTCLE S'J L:I5C�:.I.�3i�,bt?g !'IiOVIaI�lIS � I4. L;O�.F'ICn'_'yC31 OR ni:i:fDt:c.Il:. ,io r..aterlul nadi:ica�ion c: ar:or.c;r..ont oT this Crd:nance qr of nr►� or�3,'.r.anca ar reaalution ¢r�endntar; horeof ar supnler..antuS �� iiereto, �:a� be ^.n.do rrithout tLa con3ent ia rrrltls� of tre roldaru of tr�o-tk:frda or �tore _:� j.rinc;ral a�ount af ��e Cart:.ftaatas tY:�� outntun3ln�;; �rovldod, hawavar, Ltln� rsa nediSicatton or ar.ar�n�nt shnll �or.zit a c}�ne,o in t1�a :nturit1 oS' such C�rti:laAbao cr II re�uction :n the :�c�te ot' .n�orast thorecn, er :n t;:e at�ount ar `.!:c �r:acl.p�l obZi�n�!on or at'Rac�17„ wlio unann��t;o:,s?. prnaiao oT �tie Cit;; ta r..aintui� :rztas and rent«1s fo� tiia Prafec�, as i:erain prov�ed, or ta rsy �he princi�al ot ar.� inEere3t cn the Carti�icatas as t`.ie aana s:-.ell cone �ua frc� the Rovonuea, eitYsout th0 cor.aont a: tho :ia_�er oz suc:: �ar�i.;.catas. e.'. ��.'� 9F'• n1 MI� �r. rrn . nr+ �rn. ��. :. +�� �, r�- �t. ..r. w- +r�• .� .�. Y �.r. _. iR/��'� , r +� . . .. ' ."i. 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It nn� onq or r�oro af tiio aovo- nnntu� a�xenrtnntn or provSaionn of thla QrclSr•attctf ahnulcl l�o hald aontrni^;► bo qrt;� oxprnae p�+oviainn of 1nr or oantrnr; to t2ia �olio� o� exproaa ]ax� thout;ii nct expronaly prattibitad� c�r a�yai�n� �n�tr2to poliay, or ahrt].l tar nnp raAaan lf}]8�D6- ovor bo heid invulid� than nudl� aovenunts s�;reoc�antA nr praviuian� n2:a3.1 tao null nnd vnid ohd nholl t�o doanad aopulrnb�n xrart t}ya ramni��ir�; aavanantn� n�;rae- Menta or praviaionn� nnd in no Nny nl'�ont tttio vulldiL•f at ull Cho obhor pro- viniana oi' thia O:�dinnnca nr nf tl�o Cor�iSiaatnn ar aoupotta iaauod tkeroundor, 10. RLFI13,'UIt�{l OE' C�fiTIT�'TCA��, If t1�a C1tf a:iu�i ab nn� ti.:.e fitfraai'tor i�due CartificabooF 1�3 aulo or osclmn�;a, to fut�d or ronend any of tlio Corti- Tiaa�on inauod purauunE to tltiia Ot�clinnnao, thu ozrlltlA�tno or athor �racaedin�;s authnri.aih�; tho iaaunnco of �uah lUndin� er ro�undini; Corttfiantoa m.a� prcviciq that thn hoidorn oi' ntich PundlnF; ar rafundinl; Onrt.ficatoo ul�all hnvo tiha ant�o I,3an and al2 tha r1�1�tn and rur�od3na ol tho Cortlflnntea 6D i�trsdod or rviti.tndad; providod horravcr, tr�t :.uah fundin�; or ratuttclln�; CortiP�.cataa aiu►17, bo in 11ka prl.r►aSpu� ur.ousti� und �ha11 boar the �ano datnn ot nnturits ue bDip C�rtiticqtes i�ndae� or ratLndod by the i�nannoo thnreof. 17. Tha� IIeri Kront�,nn, City AtCarne�, bn nnd 1io Sa haroby uuthoriza�t ar.d direatott to instituto appropriuta procoadin�;r� !n tha Cirttuit Cour� or tr.� 33ath Jtidiainl Cirauit oT F'laridn, in nttd Pqr Pinellus County, E�lorid6, for xho vnlid.. �.t:on ot Gaid Csrtifiaotea, and the propar ofTicors ef tho Citv sre horubr nutilurixad to •rori�� on balrslS of tl�o Cit;f an;/ pl�aciinr� i� aucii Yrocoadings. :':�4 Carr�,Tiaati�a hareby puthorizad ahn11 b� npld And d�livered in nuch rss�lnar nnd upoit 3i1CY1 tiQtl�iti na et�nl], bo detarniaod b� stibaequont aation 4P the City Com- t�ianion. 19. :ha� i� 1n nenessa,z� Por thn lranadinto prosorvation of �he pu'�iic panne, proporty, hea2th, anr] �nfoti� of tho Cit� oi' C1euz�rm�or and ita ofti�on9 nr.cl :t�Y�bibnnta that tlia oarl8�ruotil.on, improvufion� nnd equi�ant qt' auid Pro.. ,�eot, as aniharized horsin, be undort�;cen ai�d cdr.pZatiad with tho lenst poas�blo �alay, and thia QrdJ.ranoa i9 lisreb� doalared to ha an or�argenc� �eanura ond �::a11 tu::a etfsetr upon �t3 paana�� �a provldod try laM. ,� 7.9. That a11 ordinancen nnd rene].ubiann of tho Cit� Ca�u:tisalon oP ti:� City vf C7.ear+Yn�or� or parta thareoP, Sn conflict nith tho proviaions oS this OrGt- r.nnce aro to the oxt�n� ot auah aanP.�,fot hereL; a�poraodnd and repa�led. PA38ED on f�rat r�redinF, Au�ua� 7t�, IvSQ. • PA55� q1T 3nCO3Tn rvndlr�, .1uf;ust 7th, 1460. YA35i:il n:i� AF]OP:':� oa thZrd And fir.sl resdin�; �ut;ust 17th� 1�50. ii13I'I^T j3. 9A:' 4AAt .a�or-�or-i7.saionor ,lttOat: ,i. ^v. Ylin •o �.� i►u itor sn C er ;.Ypravad ns to :nr:� and corraatnesa eubjec� to ar.:end�:snt b_ ardinar.ce �586 �en I:ran�zr.an u ty F.teorne� � l���i�'.yll�,�:P� � �-a�e�:f�;;r i'�N��.���;;�,. �ii i ' �.s E�.�r�' 'i �Y�'3`,t . 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