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821i i, =t 0 tr.. Ana` °.'Si' ? )_51r4'RL'',l'f4 7Mc ?4''??1y G; 't ?4"f ":? c , boa h3:r"Qr'?n?t:C?S 5;?rT.`• ,, ;'` ..'c, t t Z'=Tr:: Y^?a''? 11.3 ? . ? ', •' -'' .3^ J,+..1?: ? "Y- : 6-.' •' ski,' - < tk ..' X T ia? Y ? . , ,. h,y'.I^K•1 Y,... '?. I iA?+l ; t •.?• •'•{v? •e. f ' > r? • j ?'r °`^ ? l" ,e. .? ?[ r?vi 4' ??:'v,p;' . c}kg.x '-V??9 '?'- 1 ??).,?_ ?,.'l;•?: {? }^' Y?" ;,,,? ? rf 9? .- '^`L' ,r-....? ?'??', `).of ? T. `'a'?:? {., t?;s?''^•.r?st.f" F' r?it.f ,t-•,?.?',?•??,.??''1 `'? i' •?,9? 1?h?,;??'?.?.?AVI"?.?'i?T?' .X?§..S" r`y n•" s'.-: If.Eu?t :?.o fk.,"}??r?x.?'•iij 'i?.3.i1. ' ;'pR,• , 1A,F rT,i ^- tt t ?• ?a•: , k , • a .b , !.'. a .>. T i Jry' ORDINANCE NO 821 >•4''? AN ORDINANCE AUTHORIZING THE CONSTRUCTION AND ACQUISITION OF OFF-STREET PARKING FACILITIES IN THE CITY OF CLEARWATER AND AUTHORIZING THE ISSUANCE OF $575,000 MUNICIPAL PARKING REVENUE BONDS TO FINANCE THE COST THEREOF. i r Srr,,y4 BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF CLEARWATER, FLORIDA. ARTICLE STATUTORY AUTHORITY, FINDINGS :.{...Y,?=?,,?yl- AND DEFINITIONS. ;.x•?,:#;.;s,rr;;.;<.,'Y; ., r ?. s"'? 1.01. AUTHORITY OF THIS ORDINANCE, This Ordinance Is adopted pursuant to the provisions of Chapter 26,918, Laws of Florida, Acts of 1951, and other applicable provisions of law. ? ( '?= ?'??? ?` ??, ?'•" It is hereby found and determined as follows: .4, f r ,. ? (A) That the City of Clearwater now owns, operates and maintains on-street C FtiSx if i. { btr?i?3?1..: parking facilities within said City; that said City derives revenues from said on- J?k t?- ?? • f4" street parking facilities and that said revenues are not pledged or encumbered in anv z4St? manner. ;trnFl;i r ?a k t (B) That the free circulation of traffic of all kinds through the streets x. tr of the City is necessary to the health, safety and general welfare of the inhabitnnts •,7,:;.? .'?,?z=;;? of the City of Clearwater; that in recent years the greatly increased use by the ., public of motor vehicles of all kinds has caused serious traffic r...rigestion irk the :? streets.of said City; that the parking of motor vehicles in the streets has contribut• -ft ?. ed to this congestion to such an extent as to constitute at the present time a public -" ?w nuisance which endangers the health, safety and general welfare of the inhabitants of the City of Clearwater; that the regulation of traffic on the streets by the ly `j ' Installation of parking meters and the imposition of charges in connection with such } [ R u on-street parking facilities has not relieved the congestion except to a limited extent' that this traffic congestion Is not capable of being adequately abated ex- x, "3 ' cept by provisions for sufficient off-street parking facilities; that adequate off- street parking facilities have not been provided and that It is necessary for the ;.° Y? °l protection of the health, safety and welfare of the Inhabitants of the City of r Clearwater that the presently existing parking facilities in said City be suppi^- r' K' mented by the off-street parking facilities provided fir herein. k (C) That the City will derive revenues from the operation of the off- ?x street parking facilities provided for in this ordinance and that said revenues, ?? ' .. . • mod. ????, , ?-?-?--. RIM! `?:i+'?;r'•"' S'! `??,?..t.?,?J ?Fw; ?-r 'f.?si?_.tr TWw..,n'. -'K•e', o-4 .v S,? S " ;.'.r"?.. •; `'Y:.•... ??tt ,?:. `.3.,1r,}.'?r.+•` ?, ?l?rr F?';4'f -,i ,r; y,"[ •?`:'.»: :Y.; .?iY'?t.??„yi :.;?i .f"ap ? ?Tf`-r?a"!" .L'.. i 'f N,' 'd [Y1..'\', -'? .! .L' n ?'. A' ?1' ?'°• ' 8. .i`I• ? F ` ,i i/_?• `4i ''??: ,d Y.rtc7± ?, st<. t' ,':1, . r , • • •} ".?'v.:,;.ir?: • . e.*. '.;,?^';,'„ ; •.?; ? .,r'•LL?.... .?. ... . " !?.' ?'r"=z ??.? s-?y?t.r •u t'+.+ _. _`• ` i?'?M. .' F.' ._ . 1:. L r? ?:» .ta .. r: s -r- ?fi _t......-. t'.'4 tw i 1 o ?t4a :ter, ,A?. •?'??'• si:f?,Fr i -r..v;,s;' ? ±??.. .,1 r ?.. s',. 5" .3:' r. 'ht?"?uwBVi?F?.??t?`, ''? .¢•?'? .?,;rye "!? L,.;•? .: ! ,',., ?ys1 ?}•''7 01. `''`' •? .5:- .l'k :a- p wy't" .?. ,`.?:?{-...'{?? .t, ;?:--1 ?F'k ;i.j ,•? "»,,.'. :•?f _.? ?. r,r".ea%7> k'{ .:a 54 .i, s "'? "'' c ?% r'?' ` iii +3. -t..` ',1 t` ? ?" Sl 3L .? tGG .;.`•r..;. ': y;•• ¢r... .. .?,?, ,??: .Fr`+r;" '=r'="-'?;??rr. L.'?.?b+k''v? 1?,?? ? st` a?" x; ice'. , - ¢-:.r}a t' i ?'-'; m• rid' • y T .Pt ?1 i #??r?r?,,..??5?'k •7?S'"?i???.? '"? -.y,? '3" h ,?,. -isF'"e ?, $ q.g < J?????C''?rf? r 313?s^" ??#?}f' ?Yx?'.,+?? °` s 4 `.h "?;t?,'.s?1???:i ,sf?. .-r1 " .J;3,?n€??.°?.. •? .. s4 ?` S?a'?. }#., `??`' "'u:;?i r!•?'' .z ?? ? ,?:?h?r"? ?'? .. :,t??.? ?` t r {., r j ? ?`e i xr r w rii__'k,?? Ea?S-•% t ?'. 'E. ,r, e <. y z x?r . v 3f '{k•?f'1l""r x' i E- ?1 L,y- r? `T `"•wiw.itSS'".""{..`' ? i'xt.,s• rfi' .r-?.a$,? `?',. $ `? k , ? ;'?'?'-,'?. .qfiu. ,?: tBP+o?? t t r?J.l: ,?-, S?i? M. t` 'yam"! I'S?',. {.? .? .. t?.. :-? }• i, ?? 1 L ?Ir ?• .:r ??. fyy?? ??. 1 t..•1a.`.•.., S ?'.,.iFl,?'?'- i, }?- :;f'p"?s 't?' ;,9t:? y :? t f 1 ..]! ? , `Li w? N l1 w?j 1?. ?- `" C? .t??' f: `. ?5.. M r Y?lyr -b J _C.,•S ?, y??t! - +{i'ryxbs ?,r-};k.., ?E .,': ?. .n` K^ e r rt x,v.?:'"{35,A1?Y :''•7. ? ?. . •;.??•,••,r'.. .3'??7s.;y.x l..tr .?' 3'i'L?. y F ?(,.. 'r i a. .r?" , r .`J F N' i:i: y- s' : t f... t,: "},• . S:, io ;rx?1`F ?. ?tCfiv ?' • i}'r• r r. ,Y, ,„ .}' •?'CIT-r:t <'td:'?d..t? .? 'rZ'x '.:?..t ..Y+?tj.?••c f'?',',.?'?4 ? ?...ld 'l.•.' ...f' SFr i ?i't.? sia`7?Y°a?. FY •'µ'i :,. ly!y11111jjjjjjjj? ,• 1.4 } ,.k: y:r+? yy ! 1: r i'ce' ? 1.r1+''!:, t' together with the revenues derived by the city from the operation of the on-street ca'p' parking facilities referred to herainobove, will be sufficient to pay all costs of 47z the operation and maintenance of both said off-street parking facilities and said on-street parking facilities, all of the principal of and Interest on the Municipal t Parking Revenue Bonds authorized by this ordinance as the some shall beeomi dun ( 'r and all reserve, sinking fund or other payments provided for In this ordinance, I (D) That the principal of and Interest on the Municipal Parking Revenue "`"`''''°'• Bonds to be issued pursuant to this ordinances and all of the reserve, sinking fund and other payments provided for In this ordinance, will be paid solely from the revenues derived by the City of Clearwater from the operation of said off-street f' facilities d s d parking an aion-street parking facilities pledged therefor by this ordinance; and it will never be necessary or authorized to levy taxes on any real property in said City to pay the principal of and interest on the Municipal .tits;°•?? rtz '1 { .s^ i5 1 Parking Revenue Bonds to be issued pursuant to this ordinance, or to make any of *••?fr•` "` A: r, reserve, sinking fund or other payments provided for In this ordinance, and the Municipal Parking Revenue Bonds issued pursuant to this ordinance shall not con- ?.,.,?;.??? ? •?.,;: ¦ statute a lien upon any of the properties of said off-street parking facilities *i '5 ' W., or said on-street parking facilities or upon any other property whatsoever of ;°? i the City of Clearwater, except said revenues* 151 i a ti }iX; ?a (E) That for financing purposes and for the more adequate regulation of `t?; traffic and relief of congestion, said off-street parking facilities provided for In this o-e`-nce and said presently existing on-street parking facilities be and , + • ? ? ' _ the same are hereby combined into a single system (hereinafter sometimes referred :??y?t:?;?,:„.':;?t?a?i ?x:??z??•?;: ?? to as "Parking System"),fr)3r•, '` <;• Notwithstanding the combining of said off'-street parking facilities and ' said on-street parking facilities into a single system as hereinabove provided,,! complete data and records, financial and other-:::re, may In the discretion of the+ City be kept separately of the operation and management of said off-street :?. park- RAI t ing facilities and said on'-street parking facilities, or any part thereof, and said off'-streeit parking facilities and said on-street parking facilities, or any part thereof, may be operated as separate facilities. (F) That there is hereby authorized the construction and acquisition of off-street parking facilities in the City of Clearwater, Including, but not `` ,.•• ,'} being limited to:,tne acquisition of the Thayer Property on North Garden Avenue to 1-NM ? ? ? , ! ? ? .i L' y .l €'•: +C?-'?? .t.•"1111¢. '' '! 'f'v?.'t: €?, .e§i.'. ,?'4'1; ,1 •?-,:1,. :?1 w:., t,5 - . Yr'y.-e;.`r7rr'JH Y•?.. _'?c ?-w.•?!-".? r,u.. «. ?rv^..... .. r ? ? ..,. •. - - - -' -' -- - .. - f? . 4 xC1h?, S.y yys ,?•1? Ilk! provide space for approximately 118 cars, and the acquisition of the Park-Pierco Street Lot with space forapproximately 222 cars Including the paving of said lots and the installation thereon of parking motors, in accordance with the ..?y1 ),Ty( f?f preliminary estimates prepared by Wilbur Smith and Associates of Now Haven, Connecticut, and heretofore filed in the office of the City Clork at an estimated cost of not exceeding $575,000. Such cost shall be deemed to Include the cost of ,. I J;g,;? r Varyry; the construction of said off-street parking facilities, including the acquisition !' ,ir,;•y ,_-;xx; :s, of any lands or interest therein and of any fixtures or equipment or properties ,,?k?lx?°rx ?,, ,.?•? deemed necessary or convenient therefor, interest upon Municipal Parking Revenue ;,x,- ?' , :' .:k.1,'?i?'"`' ?,€`:5''. r. '?<h ti ponds issued pursuant to this ordinance prior to, and during and for six months t? w+x after the completion of such off-street parking facilities, the establishment of reserves provided for in this ordinance, engineering and legal expenses, expenses ` for estimates mf costs and of revenues, expenses for plans, specifications and ? ?. x? s t surveys, fees of financial agents or consultants administrative expenses and such rtt other expenses as may be necessary or Incidental to the financing authorized by this ordinance and the construction of the off-street parking fachit)es_authoeUed_by this ordinance and the placing of the same in operation. 1.02. ORDINANCE TO CONSTITUTE CONTRACT In consideration of the ;+. :• xy ,r' acceptance of the Bonds authorized to be Issued hereunder by those who shall hold -? the same from time to time, this ordinance shall be deemed to be and shall constitute 10 a contract between the City of Clearwater, Florida, and such Bondholders, and the ?.` a•s n i'S Ifs ' ?'.:• i ` x covenants and agreements herein set forth to be performed by said City shall be for ilk the equal benefit, protection and security of the legal holders of any and all of Y such Bonds and the coupons attached thereto, all of which shall be of aqua) rank r and without preference, priority or distinction of any of the Bonds or coupons over any other thereof except as expressly provided therein and herein, 1.03. DEFINITIONS. The following terms shall have the following meanings in this ordinance unless the text otherwise expressly requires, F (a) "City" shall mean the City of Clearwater, Florida. 4 MN .- R (b) "Act" shall mean Chapter 26,918, laws of Florida, Acts of 1951. (c) "Bonds" shall mean the $575,000 Municipal Parking Revenue Bonds .f. originally authorized to be issued pursuant to this ordinance, and also any pars passu additional Bonds hereafter issued under the terms, restrictions and conditions contained in this ordinance, and the interest coupons attached to said Bonds, 'S .. 3 ., k 4 ' < •^44Y`?`5 ,?, -=3?R4`?4,/`l?(?L?n??/Jr a .?t?6?YC:, r............. 4 y..; .Vjvr._w-n: . y ;l ^,+?••r--- -- ,. , •.y 1S x?.2. ?,1: ..(,;r :'.:'?. 't•.t i, a •- ' t ~ri - • ?:..?.,.?,p?¢.r,, a ? .. 77 ,,;'.., •. 'fit; l.? - -. v! (•• -e'' ;" IF>! °i v , t. , '] . V (:,?1'',T[''.?3?,. ??a'?E.?u'r'Y,'7[+Ll^.?r?'?5_tis:+!?i??•. t ? f?z? r Ry a• k , (d) "Holder of Bonds" or "bondholders", or ahy sim) )or term, shall moon any parson who shall be the bearer or owner of any outstanding Bond or Bonds registered to bearer or not registered, or the registered owner of any outstanding Bond or Bonds which shall at the time be registered other than to bearer, or of any coupons representing interest accrued or to accrue on said Bonds. (e) "Parking Facilities" shall mean all parking lots, garages, buildings and other structures, all parking meters or other equipment, machinery or devices for obtaining revenue from public parking of vehicles, entrances, exits, fencing and all other facilities, equipment and accessories necessary or desirable for the public parking of vehicles, both In or on the streets of said City and off the streets of said City, for which fees or other charges are fixed, established and collected, and all properties real, tangible or intangible, used in connection therewith, now owned by the City, or constructed or acquired pursuant to this ordinance, and als^ Including any such facilities hereafter constructed or acquired by said City from any source whatsoever, for which fees or other charges are fixed, established or collected. (f) "On-Street Parking Facilities" shall mean all such parking facilities located in or on the streets in said City, including parking meters Installed, located and existing at or near the curbs of the streets within the City of Clearwater, and "Off-Street Parking Facilities" shall mean ail such parking facilities located at places other than in or on the streets of said City. (g) "Parking System" shall mean all said off-street parking facilities and all said on-street parking facilities as both of said facilities have been com- bined Info a single project pursuant to Section 1,01 (E) of this ordinance. (h) "Consulting Engineer" shall mean Wilbur Smith & Associates of New Haven, Connecticut or other qualified and recognized Consulting Engineer who shnll be hereafter retained as successors to said firm. (1) "Gross Revenues" shall mean all fees, rentals or other charges or other income received by the City, or accrued to the City or to any board or a sncy of the City in control of the management and operation of said Parking System, and Jall parts thereof, from the operation of said Parking System, Including h0"h said off-street parking facilities and said on-street parking facilities, all as calcu- lated in accordance with sound accounting practice. In the event of the leasing or licensing of said Parking Facilities, or any part thereof, for fair and reasonable -4- .,?5?1'. .'•.. `?• .?'.ry ?•y'r of ' 2? ?r ?? j• ? k .G { ? a cA'7'P o_11 w.,y.?' ?? •''' " %(,7 ,.rte i '- ?''' r jil .af 3 1 W 1 1 f (r• v" 1 1 1 amounts as provided in Section 4.01 hereof the term "gross revenues, shall mean the rentals or other payments to be received by the City from such leases or licenses of said Parking Faciltttes, or any part thereof. 1 (J) "Operating Expenses" shall moan the current expenses of the City, paid or accrued, of operation, maintenance and currant repair of said Parking System (but not including any operating expenses of lessees or licensees and not including the operating expenses of any parking facilities for which fees or other charges are not collected), including said off-street parking facilities and said on-street parking facilities, and shall include without limiting the generality of the foregoing, administrative expenses relating solely to said Parking System, insurance premiums, labor, the cost of materials and supplies used for current operation, and charges for the accumulation of appropriate reserves for current expenses not annually recurrent but which are such as may reasonably be expected to be incurred In accordance with sound arr_ounting practice. "Operating Expenses" shall not include any allowance for depreciation or renewals or replacements of capital assets of said Parking System. (k) "Net Revenues" shall mean the gross revenues, as defined in (1) above, remaining after deduction only of operating expenses, as defined in (,)) above. (1) "Fiscal Year" shall mean the period beginning with and Including July 1 and ending with and including the next June 30. Words importing singular number shall include the plural number in each case and vice versa, and words importing persons shall include firms and corpora- tion. ARTICLE it AUTHORIZATION, TERMS, EXECUTION 2.01 AUTHORIZATION AND TERMS OF BONDS. For the purpose of F'nancrng the cost of the construction of the off-street parking facilities described in Cectlon 1.01'(F) hereof, there shall be issued negotiable Municipal Parking Revenu- Bonds of the City of Clearwater, Florida, (hereinafter called "Bonds"), In the aggregate principal amount of Five Hundred Seventy-Five Thousand Dollars ($575,000), which Bonds shall be dated September 1, 1959, in the denomination of $1,000 each numbered consecutively In numerical order from 1 to 575, both inclusive, -5- 1 V 1 N 'Y ftR JM1? Y s? 9. •1y? ?j7'i.? If f a? f a' :?{ cF Ste'" r x?,?rx.t? xt 1/ jY .?E ?t. ry F" -t 1•c;11? ? .? n, _r',-fir. '?4 ` '? ? v.?. rr?.- .f.;? ?i .:('+-Ij... ?... ?;t .^ , 9(*, .. r, r . '; {; ,'... ,a1 ?'?r? ? a -•7:. a: 3'. ai: .t? '• ;(f `t.:.. r• 'y'}+7x •%:t •:1 ;% ,.l ..r.rf???:??4' fe ??` • ?? '. .r, ., 1...: t•: a Y . ` r ?' '.< • r,i 1 ?t? s ? ?, r1. . .•i , ' . .y :. ?r . ..? , ? ? , , ; , ': i rti'C„`.?I?i: ? ??'. i;? ''? 1 }? ';" •'1'; eYy, Ei' '1 . I• I r P - , • f ; y,. , } - _.1.. _ r"ji?{1K?li 7l--•'2 .. 'S •f?rH,{._.`w.t w-r .? ...?.? ?.. _._ _ ?,'???t. `?•3: `i]'?¢?_t ??'°',?'??'",??.'?i?l ?s'^e{?73;'??•'+,r.:t?t i??i?-?f'?^•??k? +' ?, ..'_'.y°5,. ?•:.av??. .=o '?` ', *?' ? },'? 4f' - '- s ,.: ski. I >.,. ,.; ¢K•t? " r:ie. •?'" k { ,..?;,, :? j• ' `t, 'l; v? s'-' P.°S!? I"{Yl[:.j?'l,';'g},•S'• '?'•'' ex>s .I•.Y $ :Lr?i,i{ •i ?' ?? ' f .Eri??..?. r? .i1 C • a ? C, ? ? t? t._?` ? it Y ?????R 7771 J > ?'??'r- ?'?'' .; t • r ., 3 ! ' '`E?'.? } ? • ,1?, 1''?'?'•`x '?{,lF»a?t?L?y:_?,?w?t ?: ???.? .?lF!Ylt: x?"3=,,.. r? ? ? #? 1, ?' 3 ??, ??t? ,'rS::,?y?;:?;«?;r-.Z'? ?':?r,' "•f?S'•;??• s?'??'3 ??'v@.?y' 4•l; ?, r r ?' j §r Gta°'°`'; ::f :..1,.9, ,•;} l;.' i, ?..• i{?? fit,' • T"k?3 ?'? k r5 } 's ,? t. '>,.:;,.7fr' 3 ra .s R .7..r-?" . 'r'... y.'•zr-?`'? ? y">•..? rS 22'_" •fr sef.5 for "!'a='T"s(?ffit`S, rr:' 1 :;4'i-.f' ,;?: .; ?:si,:.f>: r; rf.?...4?r?:•i5?,.r?rk,?? .??( ;?w¢°I $??F?+???' ?? Y•4 ! e'ti ff i I? (F r9e S ?- r '. 41 3 f S i= 3 7• Y r?• i4t'r? ? r .l '.. and shall mature serially in numerical order on September I in the years and amounts E i r as follows: ' sa Year Amount Ya rr Amount r C. F Flit 1962 $ 5,000 1976 $20,000 1963 5,000 1977 20,000 1964 5,000 1978 20,000 ?? ,? i trsa 1965 15,000 1979 25,000 : 1966 15,000 1980 25,000 1967 15,000 1981 25 , 000 ` pr I+i 1968 15,000 1982 25,000 ,'F,}.r;'r,•„''.,? ?1; tr;• .. + . j 1969 15,000 1983 25.000 1970 15,000 1984 30,000 : 'e.ywlu•,, .:«?i:;cL ;:%'l:-;°_ 1. ,':„'=,; 'wx ;• „'t';, sip` l 1,000 1 $ 0 000 s r4 :?: 971 5 9 5 3 1972 20,000 1986 30,000 as ¢'... } r a• '` 1973 20,000 1987 30,000 .?;az:•y?.?';,Tr,;??r..? i: f ?':;,?rjt,' ?^7"t r..t7•?..4;3 'y ri.r,`.rn. ??,C ?`?? J-?? ? ,•r,,? 1974 20,000 1988 35,000 ?;:•?:p?.???;,?M;??r ????, j k 7ti 1975 20,000 1989 35,000 .t Said Bonds shall bear interest, payable semi-annually on March 1 and September 1 of each year, at a rate or rates not exceeding the legal rate, to be ,ff.4rlY Fes' (r f ?3 :t, .? :: ? YY ?• determined at the sale thereof. Both principal and interest shall be payable at F the principal office of The Chase Manhattan Bank New York City, New Yorka .? The Bonds of said issue maturing in the years 1962 to 1974, both in- .'f , rrff' elusive, shall not be redeemable prior to their respective stated dates of maturity. sl ?', } f'Z11 p 3 ' The Bonds of said issue maturing In the years 1975 to 1989, both inclusive, shall be ?,s,?`???' • • ? redeemable prior to their respective stated dates of maturity, at the option of the 34,E ???' 1 -??r., ?, ;, ?` r . ?j?g?r ? i ,'sZit,?tikf?r y-? >, r '•,?s ?"• ! City, on September 1974, or on any Interest payment date thereafter In whole or in rill art but In inverse numerical order if less thaA all at the price of ar and accrued ; " t a p P interest to the bate of redem tiod plus a premium of one-forth of one per cent of the P ? p 11?' . 01 par value thereof for each year, or fraction thereof, from the date of i'edem tlo? to w.' vv 4a;' i ?:a =qft 4. the stated date of maturity of the Bonds called for payment, such premium In no ?Y<T`''? 'r ?, w 1 ? day f NZ I, event however, to exceed three and one-half per cent of the par value of such Bonds. w, =r A notice of such redemption shall be published at least once at least '. , thirty days prior to the date of redemption in a financial paper published In the a } ?J 4 T+S City of New York, New York, Interest shall cease on any of the Bonds duly called; y f ' for redemption as provided above on the redemption date if payment thereof has been duly '*. provided for. 2.02. EXECUTION OF BONDS AND COUPONS, Said Bonds shall be executed In the name of the City by the City Clerk, and City Manager and countersigned by the J Mayor-Commissioner and shall have imprinted, impressed or reproduced thereon the ' corporate seal of the City or a facsimile thereof, and said Bonds shall be approved as to form and correctness by the City Attorney. The facsimile signatures of said a -6- 177 aE• ...;t .(., • . fx ' 1, y,?a 1 W,Ym.• n`?:l,r'A . (. yY F E i. Tr _ S? Flp'y y,tr°: .t.a?`wr n',''?,, c+'i`• , .?. .t a.riv. ; ( '{}3; ri'?•t, i:Fw 4? :4 _'' '''?S:an - •',t." ry r'• ,f' r i ;FRI. , i.?ivri?.wruw..rr.rw,e•srr.r..Tw?. •..a ..:,.. ..•n ?-,.r-?.. ?.. -..? .-? Kam. ... __.... _ _ ? _. --'------`----•--?..---?....?..__??_...-- t > i i1 ..x City Clerk, City Manager, Mayor-Commissioner and City Attorney may be imprinted or reproduced on said Bonds, provided that either the City Clerk, City Manager or Mayor-Commissions r shall manually apply his signature on said Bonds. In case any one or more of the officers who shall have signed or sealed any of the Bonds shell cease to be such officer of the City before the Bonds so signed and sealed have been actually sold and delivered, such Bonds may nevertheless be sold and delivered as herein provided and may be issued as if the person who signed or sealed such Bonds had not ceased to hold such office. Any Bond may be signed and sealed on behalf of the City by such person as at the actual time of the execution of such Bonds shall hold the proper office in the City, although at the date of such Bonds such person may not have held such office or may not have been so authorized. The coupons to be attached to the Bonds shall be authenticated with the facsimile signatures of the present.or any future Mayor-Commissioner, City Manager and City Clerk of said City and the City may adopt and use for that purpose the facsimile signature of any person who shall have held such office at any time on or after the date of the Bonds, i`.atwlthstanding that he may have ceased to hold such office at the time when said Bonds shall be actually sold and delivered; 2.03. NGGOTIABILITY AND REGIStRATION: +he Bonds shall be, ahd have all of the qualities and Incidents of, negotiable instruments unde? the law merchant and the Negotiable Insteumed is Law of the State of Florida, and each successive holder, in accepting any of said Bonds or the coupons appertaining thereto, shall be conclusively deemed to have agreed that such Bonds shall be and have all of the qualities Ond incidents of negotiable instruments under the law merchant and the Negotiable In- struments Law of the State of Florida, and each successive holder shall further be conclusively deemed to have agreed that said Bonds shall be Incontestable in the hands of a bona fide holder for value in the manner provided hereinafter in the form of said Bonds. The Bonds may be registered at the option of the holder as to principal only, or as to both principal and interest at the office of the City Trensurer of the City, such registration to be noted on the back of said Bonds in the space provided therefor. After such registration as to principal only, or both principal and interest, no transfer of the Bonds shall be valid unless made at said office by the registered owner, or by his duly authorized agent or representative and similarly noted on the Bonds but the Bonds may be discharged from registration by being in like ?.? P ; • a.t . ,, s Ise '' . 7 a., r1. ?Fn E'.:' .. T:+s+Y'S'i+M"Y?, i"'?: i't •. K .".! ti-- WIT 7 L'?-r i i s 9' Si ,{ .f) 'M ;AN ?a 0 I L? [40 Q r manner transferred to bearer and thereupon transferability by delivery shall be restored,. At the option of the holder the Bonds may thereafter again from'timo to time be registered or transferred to bearer as before. Such registration as to principal only shall not affect the negotiability of the coupons which shall continuo to pass by delivery. 2.04. BONDS MUTILATED, DESTROYED, STOLEN OR LOST. In case any Bonds shall become mutilated or be destroyed, stolen or lost, the City may in its dis- cretion issue and deliver a new Bond with all unmatured coupons, if any, so mutilated, destroyed, stolen or lost, in exchange and substitution for such mutilated Bond, upon surrender and cancellation of such mutilated Bond and attached coupons, if any, destroyed,, stolen or lost, and upon the holder furnishing the City proof of his owner- ship thereof and satisfactory indemnity and complying with such other reasonable regulations and conditions as the City may prescribe and paying such expenses as the City may incur. All Bonds and coupons so surrendered shall be cancelled by the City Treasurer and held for the account of the City, I+ any such Bond or coupons shall have matured or be about to mature, instead of issuing a substituted Bond or coupons, the City may pay the same, upon being Indemnified as aforesaid, and if such Bond or coupon be lost, stolen or destroyed, without surrender thereof. Any such duplicate [fonds and coupons Issued pursuant to this Section shall constitute original, additional contractual obligations on the part of the City, whether or not the lost, stolen or destroyed Bonds or coupons be at any time found by any one, and such duplicate Bonds and coupons shall be entitled to equal and proportionate benefits and rights as to lien and source and security for payment from the revenues of the Parking System pledged herein with all other Bonds and coupons Issued hereunder. 2.05. FORM OF BONDS AND COUPONS. The text of the Bonds and coupons shall be of substantially the following tenor, with such omissions, insertions and variations as may be necessary and desirable and authorized or permitted by thl1% ordinance or any subsequent ordinance adopted prior to the issuance thereof; _g- ?`... i,t,?tl5'j ,v .,.,(i. :?. .I. ..,; kr 't'.'j'.' .rr •. 7" ,p ,a.=.\r.y. ?r•wf+y '9?!!?'ElIM??'"??I[*'?,'M!j"!?t'."?["i`w'1CC L?r'.as'^'a?sar-:r. r•.., "r =^Yi e•-w « ?"?'s+.••: «. - - ... ? r • ? ? . _ .. .4 - ? ..... ° U-)) VL i, . i? Z .[TF ° ????+.?L` /':???;??;?.r?„?it'y?l..'•, .i.-`•!?'.?•-... ?i???. "i, ?;•`?1:.•.' 4..4r.C' ,.41.S; ';'?"'' '' •' "1 ?' -a kr ? ::M1`!n? ,1? '.y.?•iL:y F!,• "',?x, '• ,'?, ~ i' P• •? s'?,. ,?; . ,.?e,'i .?r.i;t, ' a.•"?y ,.•?, .'. ,i •.. a ? Sa LUr' .? el: ti.' <,_;? ;`:`.. + $. RFx4F ' ?q'kti9T ,y ?r? ?J ? _ .+,`y,,.'tl'd-?+• atil^' j? yF??-, ?'}}l ^f ? g` g?Y • ? ] S?'s ? r ,!^/,?. e! Sjt ,- l,Si SS:I ?`. A ?d,?i }? 3•'N? ?+, •?i "usir' 4Y, 1 ` ° 1 -?'•t.`'" fir 3 ,? S` t 1 V ?. s ..b 1 }} 1 I : F. 'xkC 4 .i• Rr 'F ? •f °?'i'' <: ?r•• •;'fit ,? 1. ? yy tit -e^ r i t q •?3 Y No. UNITED STATES OF AMERICA $1,000 STATE OF FLORIDA COUNTY OF P I NELLAS ii?j:+'t• e ?1;*t:.. CITY OF CLEARWATER MUNICIPAL PARKING REVENUE BOND ?, KNOW ALL MEN BY THESE PRESENTS that the City of Clearwater, In Pinellas County, Florida, for value received, hereby promises to pay to the bearer, or If this Mond be registered, to the registered holder as herein provided, on the first :,,, ?r;;'•s e'r`^`j:" ?, day of September, 19 from the revenues hereinafter mentioned the principal sum of'„ .,r,•..:a??;sa''? " ' ' of 'A#'.?r?i? `..lr•'.dM"tt":+tw=is?7',?k%f.F:.:.:. szj ' ,k + ?' .s,i •y?rti ONE THOUSAND DOLLARS 'C{ s't•'iCy`?' :v , ,1 ?:; si:r eC-y ?l'i ti:•.L5 ri'?-{ ' ?.'€ ' ?,'??'S? '4r ?`t?- ?'. ,,F x.4''1'+?. ,.?:% F ?t?'y"? ;•-. t' a?; with Interest thereon at the rate of per centum per annum payable semi-annually on the first day of March and the first day of September of Y TM?^ } c ?a i ?!hY4'J 'L`.:','.*,•y,E'J,??J1.jSih.';- ?'f/L'r S:r i•3r•1i.33:-•'?1?:•.?(' ", :lir f.?YtT. 4 ?' R9 each year, upon the presentation and surrender of the annexed coupons as they + `?'' c d `KY severally fall due. Both principal and Interest on this Bond are payable at the ? principal office of The Chase Manhattan Bank, New York City, New York, In lawful money of the United States of America. This Bond is one of an authorized issue of Bonds in the aggregate principal ' x!s amount of nbi eXceeding $575,000, of like date, tenor and effect, except as to < <'? ' - 51 ys number and date of maturity, issued to finance the cost of the construction of offs y SSS street parking facilities in the City of Clearwater, under the authority of and Ins. r full compliance with the Constitution and statutes of the State of Florida, including' TM?ky 1 +r_ Chapter 26918, Laws of Florida, Acts of 1951, and other applicable statutes, and an ?.• 13 k'a ordinance duly enacted by the City Commission of said City and is subject to all the terms and conditions of said ordinance, '. The Bonds of the issue of which this Bond is one maturing in the years 1962 to 1974, both inclusive, are not redeemable prior to their respective stated :.:,i dates of maturity. The Bonds of said issue maturing in the years 1975 to 1989, both Inclusive are redeemable° prior to their respective stated dates of maturity, at the y_7 option of the City, on Spetember 1, 1974, or on any interest payment date thereafter, a'~ >' 'd In whole or In part butrin inverse numerical order if less than all, at the price of r'r par and accrued interest to the date of redemption, plus a premium of one-fourth of one per cent of the par value thereof for each year, or fraction thereof, from the date of redemption to the stated date of maturity of the Bonds called for payment,k such premium In no event, however, to exceed three and one-half per cent of the par value of such Bonds, #?+ ya 9 t IF J^?. `ib?' [ 1..t '?'';t';,"?, i3r `.''.'•'?? „ t.! .t f. ?YUr/ ?HI. ._ -??:'?741wL'T ZT',R 7YY?"n 1r•\.? ? r.'R' "^Ih' • o ` M i wwr rw ? r•-. nv ? ._ _ _ ... _ .. r . ,. .. ..." qO, v E., i i r ? 1 EIE,'?,?r".4 r ' Provided, however, that a notice of such redemption shall have boon pub- lished at least onto at least thirty days prior to the date of redemption in a financial paper published in the City of Now York, New York. Interest shall cease on any of the Bonds duly called for redemption, on the redemption date, If payment thereof has been duly provided for. This Bond and. the coupons appertaining hereto are payable solely from and secured by a lien upon and pledge of the not revenues derived from the operation of the Parking System, including both off-street parking facilities and on-street park- ing facilities, of the City of Clearwater in the manner provided in the ordinance authorizing the issue of Bonds of which this Bond is one. This Bond does not con- stitute an indebtedness of said City within the meaning of dny constitutional, statutory or charter provision or limitation, and it is eXpressly agreed by the holders of this Bond and the coupons appertaining theheto that such holders shall never have the right to require or compel the exercise of the ad valorem taxing power of said City, or the taxation of real estate in said City, for the payment of the principal of/and Interest on this Bond, or the making of any sinking fund, re- serve or other payments provided for in the ordinance authorizing this issue of Bonds. It is further agreed between the City of Clearwater and the holder of this Bond that this Bond and the obligation evidenced hereby shall not constitute a lien upon the City's Parking System, or any part thereof, or on any other pro- perty of or in the City of Clearwater, but shall constitute a lien only on the net revenues derived from the operation of said Parking'System, including both off- street parking facilities and on-street parking facilities, in the manner provided in said ordinance. The City in said ordinance has covenanted and agreed with the holders of the Bonds of this issue to fix and establish and maintain such rates and collect such fees, rentals or other charges for the services and facilities of said Park- Ing System, including both off-street parking facilities and on-street parking facilities, and to revise the same from time to time whenever necessary, as will always provide revenues sufficient to pay, and out of said revenues shall pay, as the same shall become due, the principal of and interest on the Bonds of this Issue, all reserve or sinking funds or other payments provided for in said ordi- nance, the necessary expenses of operating and maintaining said Parking System, and all other obligations payable out of the revenues of said Parking System, MIPO ff., - to - a `77 T.FS i ti :r e S, M il?i.w i` erg 4M 11l<.1% -41 8 fit:. •? ?.?, .,, .?;;,i-•ti. ;w' .?., r'?. ,'r. 3jr` ;`l pit: ?.?s?`S`i?,?'?J!:'ern.+?:_`z.?r:?1iCti:Ft'ir?.:4'";3? [Y'?:1:.',`.')+j+';?"t''i?i•,i?,h??_.., • t r •. r ,• "r c:c's'° rS???.b: " -1, t.'S: ,S.P•. .. ;?"P. : -'3:.d::,P sal. i;?:+:,.:1.C?i?'t''r+: wD•` and that such rates, foss, rentals or other charges shall not be reduced so as to be insufficient to provide rovonuos for such purposes, and said City has entered Into d certain further covenants with the holders of the Bonds of this Issue for the terms F of which reference is made to said ordinance. It is hereby certified and recited that all acts, conditions and things re- qulred to exist, to happen and to be performed precedent to and in the issuance of this Bond, exist, have happened and have been performed in regular and duo form and time as required by the Laws and Constitution of the State of Florida applicable thereto, and that the issuance of this Bond, and of the Issue of Bonds of which this Bond is one, is In full compliance with all constitutional, statutory or charter limitations or provisions. This Bond, and the coupons appertaining hereto, is, and has all the qualities and Incidents of, a negotiable Instrument under the law merchant and the Negotiable Instruments Law of the State of Florida, and the original holder and each successive•holder of this Bond, or of the coupons appertaining hereto, shall be conclusively deemed 'by his acceptance.hereof to have•agreed-that this Bond and the coupons appertaining hereto shall be and have all the qualities and incidents of negotiable instruments under the law merchant and the Negotiable Instruments Law of the State of Florida, The original holder and each successive holder of this Bond, and of the coupons appertaining hereto shall be conclusively deemed to have agreed and consented to the following terms and conditions: (a) Title to this Bond, unless registered as herein provided, and to the annexed interest coupons, may be transferred by delivery in the manner provided for negotiable instruments payable to bearer in the law merchant and in the Negotiable Instruments Law of the State of Florida. (b) Any person in possession of this Bond, unless registered as herein provided, or of the interest coupons hereunto appertaining, regardless of the manner In which he shall have acquired possession, Is hereby authorized to represent him- self as the absolute owner hereof, and Is hereby granted power to transfer absolute title hereto by delivery hereof to a bona fide purchaser, that Is, to any one who shall purchase the same for value (present or antecedent) without notice of prior defenses or equities or claims of ownership enforceable against his transferror; every prior taker or owner of this Bond, unless registered as herein provided, and of the annexed interest coupons, waives and renounces all of his equities and rights lyY. :?:t?h4?l:.C.e.:° :.e ' - 11 - x ? cr • ?~'?c^ k`»?'•'r 'S ' "' '•' i. ''Y' f:ri<_?Yw4'c+{?.'1 -f . ": is .Kf?^.- 71. •1 ?., . b. ' • 'r.. .. " ..: . Ay _. 7.')/Tpl11? •:a Yl•? i''? '..J'S mow w v a , . r - . .».• I 4 , 'o I herein in favor of every such bona fide purchaser and every such bona fide purchaser F h hereto and to all rights represented hereby; and shall q ac ulre absolute tltic? (c) The City of Clearwater, Florida, may treat the bearer of this bond, unless registorad ns horaln provided, or of the interest coupons hereunto appertain- ? w . Ing, as the absolutes owner hereof for all purposes without being affected by any not i erg to the contrary. This Mond may be rugisterud as to principal only, or as to both principal and Interest, In accordance with the provisions endorsed hereon. U IN WITNESS WHEREOF, sold City of Clearwater, Florida, has issued this Bond E ! and has caused the some to be executed by the manual or facsimile signature of Its .* City Clerk and City Manager and countersigned by the manual or facsimile signature P e of its Mayor-Commissioner, and approved as to form and correctness by the City F., Attorney by his manual or facsimile signature and its corporate seal or a facsimile •rfr i thereof, to be affixed hereto, or imprinted hereon and has caused the interest t d' coupons hereto attached to be executed with the facsimile signatures of said City . _ Clerk, City Manager and Mayor-Commissioner, all as of the first day of September, 1959. CITY OF CLEARWATER, FLOi.IDA ATTEST : City Clerk /Approved as to forth and correctness: City Attorney City Manager Mayor-Commissioner - 12 - ?'hr ?.??'•" t'l yr, :i`?F ,'t?, :{-, ?' ? - ? ... . fir. T • -. -a •. ?:y,Sy3f,..•<.?,IfC? rraw o r , r -,.,fir. 7 f i ? i F a ¦ FORM OF COUPON on the first day of , 19 , the City of Clearwater, Florida, will pay to the bearer, at the principal office of The Chase Manhattan Dank, New York City, New York, In lawful money of the United States of America, from the revenues described.ln the Dond to which this coupon Is attached, the sum of dollars ($ )6 upon presentation and surrend- er of this coupon, being six months Interest'then due on Its Municipal Parking Revenue . Bond, dated Ssptember 1, 1959. CITY OF CLEARWATER, FLORIDA City Manager ATTEST: City Clerk Approved as to form and Correctness t City Attorney Mayor-'Commissioner (To appear only on coupons on callable Bonds "unless the Bond to which this coupon is attached shall have been duly called for prfoh redemption and payment thereof duly provided for.") FORM OF VALIDATION CERTIFICATE This Bond Is one of a series of Bonds which were validated and confirmed by decree of the Circuit Court of the Sixth Judicial Circuit of Florida, In and for Pinellas County, rendered on the day of , 1959. CITY OF CLEARWATER, FLORIDA City Manager ATTEST: City Clerk Approved as to form and Correctness: City Attorney Mayor-Commissioner - 13 - r S •7 ?' ,.w ati, ,j4•r•?ti?k?;???t#.I.? w?r ?'M?F '1.. Ny ,•?.°' :•'..r? 'Rr .. ..rr.? II z;" C - On) y w•r?.}. . %I 'i M Pa a , PROVISION FOR REGISTRATION This Bond may be registered in the name of the holder on the books to be kept by the City Treasurer as Reglatear, or such other Registrar as may hereafter be duly appointed, as to principal only, such registration being noted hereon by such Registrar In the registration blank below, after which no transfer shall be valid unless made on said books by the registered holder or attorney duly author- Ized and similarly noted in the registration blank below, but it may be discharged from registration by being transferred to bearer, after which It shall be trans- ferable by delivery, but it may be again registered as before. The registration of this Bond as to principal shall not restrain the negotiability of the coupons by delivery merely, but the coupons may be surrendered and the Interest made pay- able only to the registered holder, in which event the Registrar shall note In the registration blank below that this Bond is registered as to interest as well as principal, and thereafter the interest will be remitted by mail in New York ex- change to the registered holder. With the consent of the holder and of the City of Clearwater, this Bond, when converted into a Bond registered as to froth princi- pal and interest, may be reconverted Into a coupon Bond and again converted into a Bond registered as to both principal and interest as her'einabove provided. Upon reconversion of this Hondo wh?n registered as to principal and Interest into a 1 coupon Bond, coupons representing the Interest to accrue Upon the Bond to date of matutity shall be attached hereto by the Registrar and the Registrar shall note in the registration blank below whether the Bond is registered as to principal only or payable to bearer. DATE OF IN WHOSE NAME MANNER OF SIGNATURE OF REGISTRATION REGISTERED REGISTRATION REGISTRAR h 4,vJ' ®r, - 14 " l K r'.y.:«'f:;?ty:?+..t rrla. s• rq ?.;';••"•:? y" , .i tr -7 f, '- r' 49 F ?,?r, ??.e "<'iS y? k 7}'???'? ???,"'9i''•?} 'r?ttf?.1f.?.{yF•? ?y`t; ;• i -?r` •.,.. ."?r.,, ,,"?,,•.^?9y r"t:??w?-.'?;'??' s ,.e r., ?UCs kt? ??' ??'Y}'?.I?r1t r+?i .•,'?'?? ,,y [ems` "''°'J'I ,.1„ .• ,, ..'a.. r ?.. s "ri X a S!L •al_ .. •' .• ? ;? ;} .. a'l':"?'Sp '.."!.. ?? ?` ,,?.. i ?' f,? S ¢ ( t1 ` ?? r z i}•""-y'''.s r ,?i. ?•: ;.,- •w' f '?. ? "r,?y55tk?,?t?r`.•w;li?2 ?ft`?,:*,'?•,.??fl??'.•?,?•,.n-.' re< z3:i.?•'h?yl' 1:r. °tWo j ?. 4 4 4alli'i S \ jy 1a '`ri rt :'7'T i nlYF;32? 7011 1°to ??d'"el` ?' Cc ?• 'k ). 53. 3 r A ! -n. 1 ? _-? ,,, *..'• S' ^•:?•,r}.,rY +?.y7i .??ss?2`;p„,i 'r?°',:[.;'?:..,`3-`i'?.',.r.t?: t. '1: .?; '..??,??i,. .,. ..''7 ?'?. ki, #?st?Y.ir3?}i?.',. :s°,_,?,? r'ti•t.r,t.?3: :?•::r,.. ?:°iSt•G,,• y?y''• r •.S';:I•G:i.Y.r..?=. "`if r? r (?.';E 5 z f;,.,. ' .f' ., €s° ~t`: ' : `a, K ] °r i•:`' 'Yr.: ?r ?Fr?'? a.? •'.?°..°}.,r?r'•t•=:}?._. ..<:'.,,?rrl ?•.?',.t:' .i ,,.-'? i.?'•.r ,'? s .<t?;.Y.?€"'!''?.- :?"Y4s° v?,',???irs4F??r ARTICLE I I I REVENUES AND APPLICATION THEREOF 3.01. BONDS NOT TO BE INDEUTEDNESS OF THE CITY OF CLEARWATER. Neither tho Bonds nor coupons shall be or constltutu an Indebtedness of the City of Clearwater, but shall be payable solely from the revenues of the Parking System, Including both off-street parking facilities and on-street parking facilities, as herein provided. No holder or holders of any Bonds issued hereunder, or of any coupon appertaining thereto, shall ever have the right to compel the exercise of the ad valorem taxing power of the City, or taxation In any form of any real property therein to pay said Bonds or the interest therconi 3.02. BONDS SECURED BY PLEDGE OF REVENUES. The payment of the debt service of all of the Bonds issued hereunder shall be secured forthwith equally and ratably by a lien on the net revenues derived from said Parking System, includfhg both off-street parking facilities and on-street parking facilities. The net revenues derived from the Parking System, Including both off-street parking facili- ties and on-street parking facilities, in an amount sufficient to pay the princi- pal of and interest on the Bonds herein authorized, and to make the payments into the reserve and sinking funds and all other payments provided for In this ordinance, are hereby irrevocably pledged to the payment of the principal of and Interest on the Bonds herein authorized as the same become due. 3.03. APPLICATION OF BOND PROCEEDS. All moneys received from the sale of any or all of the Bonds originally authorized and Issued pursuant to this ordinance (except accrued interest, which shall be deposited in the Sinking Fund) shall be deposited by the City of Clearwater In a bank or,tru'st company, as Trustee, in a trust fund to be known as the "Construction Trust Fund", which is hereby created. The City and said bank or trust company shall enter into a Construction Trust Fund Agreement concerning the application of said fund, said agreement to be in a form to be hereafter determined by resolution. Said agreement shall provide, among other things, that no expenditures shall be made from said Construction Trust Fund, 7. except for engineering and legal expenses, and expenses in connection with the issuance and sale of said Bonds, unless such expenditures shall be first approved by the City Manager, and where the purchase of real property is involved, approval by the City Attorney in the form of a legal opinion to the effect that the City either has obtained or will obtain, simultaneously with payment for such real pro- perty, a good and marketable title to said real property. If for any reason such • spy ? ` : • ????rt:sr;x 7cr? pt•. :ice ??• •:.?:• 1= f y.?s,£•?.S M ?i ??,rY?i Pit, E . Sli ?4'~ ??ii?y;?•tFliv t+.???.y:+i??^}"., rti'?. .? M ?4a • YT t 7r i'. +•s'::.,' ., ,, • i•.'. f ,. :? CS.r . ``?. 'yf'r.`?a .f ]?.t..ry :?}.' 1 .'i . •_i ?' y i!l ?>•.: 'N' .'J ?. -k '?t•t.j..]:;?i.. 1''?.y 't.L. .y ` !! .fir. •r•.'''+•.. ,}',. 'tr. 'y f. s? g.:;ea :t??•: 'i'^"'?.? .-'t•.%'„7 'y3? -Fi.•;«;`%,a •?.a :. . 7ti ;af ,;.V c.I r .# fn+ ' „y;, °e{>?? ='R' P - ? ? ` ' q'. Y,.?.rv v j,. ? 4 ?:J e 8d-,¢. "i' ?'• ';• .,? '.., .: , 1K +!,m,11. q ea: ;? FW; r?l , t ?1 'zi•i :r '±If4.'+ •, ?' .,X l,`C i? ,i \':5!'6 R •!- M f' y?'a°f• }?' .!' r.,fi. }L. 4C+5?.i .i•-" 3 1:,kr".. °N r:'{'Y:..5S's••_ 'lg' j Wl,F ??y?i`t ?«?}{p, ?, ?' ? ,. y..?{'S ny}. t., Ir ? -? (,?„ ?t:? t'•'i• ''jam .,? I. , f'{?l?+Y? iiM1d., 3' }`P .l IR I'w.• I P;t?•} ??I?.ni?`?,r4 '•' St?.t X$ ??" t',' l ;?'?r •~-?,Yr•Y.. gyp. ?i ?.?! P as F ? l ' f i •3. n? 1. 11: Y '4?Y ? J.?p ?r (,s3' l ? e?r'• ? .k ? 5 Y k..t =tT ;?' C??, Sji,',",+?'. .,n T.'{.,, s?.l iS?; z..ia.:1o-?,??°r?.?-" a?:,.?t',a `r's2 r?,e?-•Sj;4?,,?•?'????+a.?M P ..t?Yi?`'i' y 4? ?i???+e e,r }?•,y? y • ? , r , ? S?M1 , rs ? E.i s'. ?? S I L',? Yx f a d '. ?;'"? ,JSr, ?,',J•, ?. 1 +7,Y? .S MI'F i vFh { N i `..1.:i•: •E••• t?! A ?"syY?v'4 iIi ^A'. ?: ?."F 1.?t?.?d'd\s 'JF ?i, s 4 i? .?Y tt',f' ..??,' ? `Y J % .. ; •a'.. o,:.;, ' ` ? ,' s ?Y rr . ?3'? tfY . , ?•'• ? a:.,5`=:3'. ?tb,, t _ 1??F ' ?5 ;"s,?, c,kk ''i8 ':i ,,; n . ! :. -! }'`?• .t1. 1 ,a`.`: .i r. ?'... >° t r i <1 ? '? i t• .:{;.w'.:w f.?7.i?.il:ixPiy,.ty. J,.t:S'?! ??, ?e"?. i ra proceeds, or any part thereof, are not necessary for, or are not applied to, such U,. iC ?3.J? X? "4-rO>ss-; purposes, than such unappl tad proceeds shalt by deposited by the City In the Reserve r.'lL Tti?Yt Account In the Sinking Fund to be established pursuant to this ordinance, and shall t 4?, t°.u ?f,' 1:- ?dv r? f 'rS 1day y. be used only as provided therein for sold Reserve Account All such proceeds shall N-??•?y;'f "?f• ?•,i?=?"• °' be and constitute a trust fund for such purposes and theta Is hereby created a lien upon such moneys, unti 1 so applied, in favor of the holders of the bonds. Such pro- Y.., i' coeds may, pending their use for the purposes provided In this ordinance, be tempo- rarity invested in direct obligations of the United States of America maturing not r??"^Cj?µµ later than twelve months after the date of the purchase thereof. x; ??? 'i..?:7`• k?•1a r? n` ¢ti•n.". ,.,:5'z;,.IL?'.?;1}???t._ .. u s?,1?, ,,. .? iY?:•s ??.?????`?; i? rr.??-,?{,}5??y 3.04. COVENANTS OF THE CITY, So long as any of the principal of or Inter- ?t'• x 1? i-t11?!L f `1' `J?..`14?„i,,"y5 ••?.•?'?`,iF?15] ... ?, ?. ;,...,. , ... , i d hall be outstanding an ' '= '` `'• fit} i ?< r F A? est on any of the Dons shall and unpaid' or until there shall have t,;•~'u? been set apart im the Sinking Fund and Reserve Account herein established a sum ,. i?{.• .rte _? 3",, Z, .,,Si sufficient to pay, when duo, the entice principal of the Bonds remaining unpaid , ?. yyyINV, ` together with Interest accrued ahd to accrue thereon, the City dovenants with the ,; ' •^ ?:y A+ t holders of any and all of the Bonds issued pursuant to this ordinance as follows:}. .ty :;. (A) RATES. That the City will fix, establish and maintain such rates an f _. .P .•,I collect such fees, rentals or other charges for the services and facilities of Its 3 i' 'r lr fr , Including both off-street '`. S parking facilities and on street parking Parking System FA 'w . J N. eF facilities and revise same from time to time whenever necessary, as will always provide revenues sufficient to payf In the manner specified in Section 3.06. hereof, ?•=:f?"?''-"?.r-•? .., ?? 3?r ti• ';•w'3- l,±? and out of said revenues shall pay, as the same shall become due, the principal of and interest on said Bonds, In addition to paying, as the same shall become due, the necessary expenses of operating and maintaining such Parking System, all reserve or sinking fund or other payments provided for in this ordinance? and all other obl i9a- ? A ??' f? ? `?..fi,j,?'1•?` ??;+?",r?r ti ?,i( rN tions and indebtedness payable out of the revenues of such Parking System, and that ? '`'?,:. Fa' , t.•t •XX??Jy,,, such rates, fees, rentals or other charges shall not be reduced so as to be i n- •?:„??., • `•••:• sufficient to provide adequate revenues for such purposes.; (D) PARKING SYSTEM REVENUE FUND. That the entire gross revenues derived from the operation of said Parking System, including both off-street parking fact 1 i- ties and on-street parking facilities, shall be deposited In a special fund in a bank or trust company in the State of Florida which is eligible under the state . ti' J laws to receive deposits of state and municipal funds, which fund Is hereby desig- nated as the "Parking System Revenue Fund". Said Parking System Revenue Fund shall Y R, •z constitute a trust fund for the purposes provided in this ordinance and shall be ? 4 k i.' kS -16-"4 ',, , . '' .. .' . ? ???! .?-;7f,?-• tit ?i /5 .. ... 11S'?si#rT•Lf".'?'-"?C',?"?i7•T`;'K^-•'•4M ".vs P'+.: c'. K. "W. ?_?rs +?? i •• _ ••. w .. ... _ _ _ _ _. _ _ _ _ - _ J't? ¦1 .{.?•.,ye •} ir.".,•,.i•?'"i,,,,-???'??i.2'?'t? "",!Y.ii'+7,''"i?':.;•.e'F,,"6,`t"?J`?Pff+t'i?g4??`1,?,?,?,.'.:r'>•?'?i{:"?,tx???''?„?f!n% tY'?".""'f^e lS`:!'!l?=ff;???".•??l;?Ixy.'P".rlleaL?'3 F. s :"W" .s` ?'.(...y:'r • ::`r u _ E v '.. 1., ,y }..rl???:,.li "E' s..z :irr?µ )y^?<.,?..;..i:; ?. S?^?• 'ti•7 e :d°t?;{% "?t? .. •+?. .,;.1 •'i.? ° .i rs'':.1,xF ,..:;'µ "?'ii. .\- •'.• .,,. S ` i' ?ti`+ .J `?'•u ?'??tj^?" "..`r;„=Rar'? '' 1.,:'; „ "si.:`a .S'!, '-''1?:• ?••' l :'? ;tom l .-'YZ• ..y' p ,[ r., .`2 ,•aq drt"Kiykl .?? W3 ! 3T?? 3' ea: i c?. ?' 4trktra t ?•''r3'y'fra?irQ"?'l .'?'ti:.:}? ?,? jz '?, ?'? , S' ? ? ? •? ,>? .??.f,`,s ,".,G,';'S.ya,?• %;? ;,'i+K ' L'5';i?M'#i;'R,:i.:ha? i'• r I ? i•feip i'v a ff •,•q.' ?•?: ? ?•L +}. R<i.: .• ??, ? r.•Sy?'.. y?y':b i•?i. •F. ' i? ?•.h •? v}(?'?'r?: . f:' ti.jrv'!Ss :. /•'i JJ s?.4 yy++?"C i?w?1 'n ? 'Y'?i a i X 1 / ri .?: 5',. :'*. .il £'3!; .' ?.+ ,. r•".•"?:•e•„a?: l,rQ•d'?• 1?,-}?S'?{ 1• r §A ?.?'p?b?l'liL ,L.. i i? •3.?... I,,: S .yv_ K. tip'. ['=?I;y [.: ?3.a iY '?J?,[??y ,.4_ Jt' L • j p y r y ^ l r q y: 3: s n;. i •;,'i t f : °•r' `' ! ;..`'i ?,*:+ .1Yr?V ,}, 1 yn6.'C?3?1 s' a : $ •1 k + 'i ? i4 ^t ?L '? ,,!! vj?ir i.?. t. ?} :'1. :1 ? _ ;el.• I. •.J `la l...?i ',? ? iii ?. E+.•Z Bi :? ?•a 31 f. iii ?, ;L. 1 9 t %r' ,r•".t .2` f ?:' , _ ./• i.':f.x1j th'F ?f:.1- ?is,f .,.??p?i..td'. ,i?14 r, ??..i 41'?! y, s e ,{. ,.^,'>4 ": J4i (.N •?,{ f'' ' `i' •• F tR F , .f s.. . .? i ? ry;t; c'":? ?; Ss i F;"•i}'• '"2? ;.i-.• .i. °r ::z; aiS":."r. ?,;' 'S 1-?"{ 1'`3? '?x4?*,Ya• ,ar;?i!?"v! .? ± 2 } ''/.: `i r 1 ?` i?•n 4 '?FFi •', .. ". <. I...?. vY*',Y A ..i .''lP, '?a,k ?.'.v vt T? 1. c^s •'Y..;.f•r > .a'ie?l,. .? 13?wyV '.'/'?r_wrw.ii-•- i+r-•F/.i •.a,r ?._.?.i...:u.-w.. i.r:w:.L+?r.a.s iw: i.1.?:."i. _ :.?:+'. rw?•?I?"-A?i. ?- 1? ?! GA; • kept separate and distinct from all other funds of the City and used only for the purposes and In the manner provided In Section 3.06. I 3.05. OPERATION AND MAINTENANCE. That it will maintain In good condition ' ";. said Parking System and all parts thereof, and will operate the some In an officiant r s? and economical manner, making such expenditures for equipment and for renewal, re- 4 pair and replacement as may be proper for the economical operation and maintenance ;s thereof from the Parking System Revenue Fund. T' 3.O6. DISPOSITION OF REVENUES. That all revenues at any time remaining on deposit in the Parking System Revenue Fund shall be disposed of only In the follow- I ng manner and order of priority: fi?,f,JJJ'J?"yyhh}?}h``?` A. Revenues shall first be used for the payment of o Brat i n ex enses as ?4?'`''' n• '' ?..' . defined in Section 1.03 (J) hereof? flF B. From the moneys remaining in the Parking System Revenue Fund the City shall next, not later thbn the first day of each month, apportion and set apart yf out of the Parking System Revenue Fund and deposit wfth a bank or trust company 16 ,.ftS a special fund to be known as the "Sinking Fund", which is hereby created, such ?' 1 £ i +?,' i? Q R f • +•{ krlr, >;. sums as will be sufficient to pay one-sixth of all the interest maturing on the. ,.. Bonds on the next interest payment date and beginning with September 1, 1961, one- twelfth of all the principal maturing on the Bonds on the next principal maturity ?f4 I' date; provided however, that moneys from the proceeds of the Bonds authorized. herein may be used if necessary, for the interest becoming due on the Bonds prior s to, during and for six months after the completion of the construction of the off- street parking facilities authorized by this ordinance. K' +.?,17+•?•* . i`? is ?????'?t`'' ` The City shall also from the Parking System Revenue Fund, deposit with [1: said bank or trust company In a Reserve Account in said Sinking Fund on the first tt?? '3 uLLSir 'r`.t7 1a:? ? day of each month, beginning with September 1, 1959, the sum of $850.00. No fur- Mr ` F' ther payments shall be required to be made into said Reserve Account when there fi•'„,,?C ' ? shall have been deposited therein, and so long as there shall remain on deposit therein, an amount equal to 125. of the largest aggregate amount which will be re- qulred for the payment of maturing principal of and interest on the Bonds author- ized herein in any succeeding fiscal year. Jx 4 Moneys in the Reserve Account shall be used only for the purpose of the payment of maturing principal of or Interest on the Bonds when the other moneys In 'i,'? t the Sinking Fund are insufficient therefor, and for no other purpose. r!wrnf •rr ii „irk 'S' .r WW ": !1'!MaC^KC "[i,.tttY vn x-s. _•x -r. 17 (?, tti. Y vttP l; ? i' ? ?ye P6jl FL '? ?y G . AI -h Yqq //? V'w Fy, ,i T• Any withdrawals from the Reserve Account shall be subsequently restored ,• '.s from the first revenues available after all required payments for the Sinking Fund j '; 3, '• ?" st• and Reserve Account, Including any deficiencies for prior payments, have been made r In foal l . The City shall not be required to make any further payment Into soldr ar i? L' Slnkln Fund or into the Roservo Account In said Sinking Fund when the aggregate r; amount of funds In both said Sinking Fund and said Reserve Fund are at least equal to the aggregate principal amount of Bonds issued pursuant to this ordinance then outstanding, plus the arraunt of interest duo or thereafter to become due an said 8 ti's •${F.. ? ? ?,` Bonds then outstanding.. sir C. Thereafter revenues shall be used to establish and set Up a Renewal 1 {` ? M 7 '•?iRri? 4 ? .'? y? ahd Replacement Fund to be maintained In the same batik or trust company in which fM the Parking System Revenue Fund is maintained, and the City shall pay into said V.j fund from the Parking System Revenue Fund on the first day of each month beginning twelve months after the completion of said off-street parking facilities an amount equal to five per centum of the gross revenues actually received from the opera- tion of said Parking System during the preceding month. No further deposits shall t,, 4 be required to be made into said Renewal and Replacement Fund when there shall .:.t ?•rif t ;` .s. ' have been deposited therein and so long as there shall remain on deposit therein .?, rK 1 the sum of $25,000. The funds In such Renewal and Replacement Fund shall be used only for the purpose of paying the cost of extensions, (improvements or additions s, to, or the replacement of capital assets of said Parking System or any part thereof; r"+ provided, however, that upon the cert!ficatIon of the Consulting Engineer that funds y In said Renewal and Replacement Fund are not needed for such purposes, such excess funds may be used for the purchase of Bonds of the last maturities then outstand!ng >T which are available at not exceeding the then market value of said Bonds or for the r.j -,'n+• f-c.rieurNt?n++ nt' ?a54 maturing ca! ?able Bonds. 0. If on any payment date the revenues of sa!d Perk!ng System are in- v? 4. y` sufficient to place the required amount in any of the funds as hereln'•-fora pro-ter? r vided, the def!clency shall be made up in the subsequent payments in addition to I the payments which would otherwise be required to be made into the funds on the subsequent payment dates.' Thereafter, the balance of any revenues remaining after all other re- quired payments into the funds provided above have been made, may be used by the ' .tea .i :<: ^ ,i' :?• ..'.,t:.r n`....fa ° !`r'7?'r!•?','-.... .. r.,.. {. f ?r"?-?Y'il•lr'4?.. P6?J? ;1.•i.'' 6V . ; . '??' .?.h ,Y',>•f1=ri??l1,, tt'}T V?•rry ls.t 1?:' c'. - / Yl'9?'??ill '.4 7R l' _•C.r'MF, * '.f'i W.w w y.?r w r ..., w NNW= W KCr.? `F' 1. ^.? n 1 1 City in any manner provided by law; provided, however, that none of said.rovenues Ir. .ti?.5fi k shall ever bo used for any other purposes other than the purposes horalnbeforo ^?b' specified unless all of the current payments provided for above Including any do•- jA;,- ` ficlencies for prior payments, have been made in full and unless the City shall have ,:fiJF 4 compiled fully with all the covenants and provisions of this ordinance. 17 F. The Sinking Fund, and the Reserve Account therein, the Parking System s` . h• Revenue Fund, the Renewal and Replacement Fund, and all other special funds set up and created by this ordinance shall constitute trust funds for the purpose provided ,?suv?+'?s'`• herein for such funds. All of such funds shall be continuously secured In the same manner as state and municipal deposits of funds are required to be secured by the A? t• ? * ? 3 ' tst ? laws of the State of Florida. The moneys in the S l nk I ng Fund may be invested upon direction of the City Treasure' of the City# in direct obligations of the United States of America which '.}fy mature not later than fifteen days prior to the next sUccoeding Interest payment ? date. The moneys in the Reserve Account in the Slaking f=und and in the Renewal and Replacement Fund may be invested upon direction of said City Treasurer, in direct obligations of the United States of America which mature not later than one year } after the making of such investments. .3? Lei ?, F •, ARTICLE IV ADDITIONAL COVENANTS OF THE CITY k.Ol. SALE OF THE PARKING SYSTEM. That the Parking System may be sold, mortgaged, leased, or otherwise dispose,: of only as a whole or substantially as a ? nom. i whole, and only if the net proceeds to ba realized shall be sufficient fully to re- tire all of the Bonds issued pursuant to this ordinance and all interest thereon to „s their respective dates of maturity. The proceeds from such sale, mortgage, lease or other disposition of the Parking System shall immediately be deposited In the Sinking Fund and shall be used only for the purpose of paying the principal of and Interest on the Bonds issued pursuant to this ordinance as the same shall become due. The foregoing provision notwithstanding, the City shall have and hereby reserves the right to sell, lease or otherwise dispose of any of the property com- prising a part of the Parking System hereafter determined in the manner provided herein to be no longer necessary, useful or profitable in the operation thereof. Prior to any such sale, lease or other disposition of said property, if the amount .j??' ?•e?v ?i??fl. a?tl:'°;,,=rti 'r?.•'. i6''? :.3e:'.•s?e'--' - ' . Xi gS?Mi?2?15.1' Si??cNi LF. •....?' '/`"'',. `4 r' .. ' r, k r A ;Yw w; /tT ?t , ' f.i - d} iggqi r `k q-1. ...?• .f.<`?:?:1fi3€??J ?Y• „?. s.E: ?;'? °?i:." f I :?'. ,1 n' a ,F ? .p, t""S,?t,'??tv?s•"'?'a???`t':?n '1?t?"?."? t h, z•.}. tr t9 ?,.r l'''+ i?^."s? t"a??'"i^ 1•???`42? Y' '•R.Y' a J? 5 1 ?A1 ?, 'r ?'? r.'s Pal%a, W[` F F14. ???v°: 1.5. =,3T3.1S???;5? ??•1 (y ', 1, '! i {? -?'.?'Wt.$..'Mr`1.? iFS '•Y .' ss? n c''J; -:'"'3J?.;...V •c y„µx.1. Y..£ . j Y ?. ?}, `? ?? I y??=" r ,?,?' r.,fij.,.,i.j r?a,-s'?:?;;? •?°':?•f:t,S;;...,", [ ??4R.?w'14n P.M ? i`?yr?9,??r j { r"?+, y i?;yd ?'?-,>? ?o '(? ;?"t'r?ef, -. ??._ ` !i'1•t ct`t .J .fr,[b?Jty s yf?:?r ?,g:i •'?t'?, 'i ?{u' I i ring tLY1?, '?' ry ?Y. 1'I he.lt, ?, ?..{ ., `•''.'•?" 'r 7,,tyl J•o:.[r' wr - 11 i ,t?. 1. ?t. 1 {Sys,;'?,'r ?} V f. +' ST.r?i? 51? ? vaf• tr'.?y yt£C.?? J `•E?, ,,j ... .)?<}.'4.T ??}..lfi, M??. 4. ?v, s,llai': "wt' :?: µ?rC; (S?YI ?,•Jy h'['>•.f? NY???.???rS I g t * ? t 'C F, ystq' ,:y? ?e? - ,t 5.`::,• ?.'?? !?'; 1..-." I.',?s?'fw""s .}} 2 •. `?- 4t? ° ? ? ?r? ??i '"r.} s ? ?, r' ; t',¢°.. 'hT `4,'•'i jY.:JS'?,?i r,. i 'K 2?`" `"{y 7? L?1?#. ' 9'} ?f, _^`?7° }:r^ ?•e`:. J.?[`. ; 1 , f'° r"'y; `tt'.? i[?a'r?ir??•'t'.`?: ? '.+,?'[5? f } . t ? ?. 'e , Al. "' Ir iI ?_?•? i Ja •lsr,i rf. ??11. J•1R ,. to be received therefor is not in excess of tan thousand dollars ($)0,00D), the i general manager or other duly authorized officer in charge of such Parking System :J f shall make a finding In writing determining that such property comprising a part '' `1'• 'r'` ' of such Parking System Is no longer necessary, useful or profitable in the opera- tion thereof, and such proceeds shall be deposited in the Renewal and Replacement F r ?t, f Fund and used only as provided herein for such fund. If the amount to be received Y from such sale, cease or ether disposition of said property shall be In excess of ?'..,•?''; ;;_•, • ?S' •• ,•.i1 "I ?'J :r J; ?:,::` ?" is .i .l?-ti p4.?7i ;'. ten thousand dollars ($)0,000) but not In excess of fifty thousand dollars ($50y000), "r;; ,; f t`•. ,j,,: ;:?', of such Parking ;3 the general manager or other duly authorized officer In charge System shall first make a finding in writing, which shall be approved by the Con- t s:a? r y':7:'ziz'1 . suiting Engineer, determining that such property comprising a part of such Parking System is no longer necessary; useful or profitable In the operation thereof, and 4 ?++ ? the goverhing body of said City shall, by resolution duly adopted, approve.and con- cur In the finding of the general manager or other duly authorized officers and ,r authorize such sale, lease or other disposition of said property. The proceeds de- rived from any such sale, lease or other disposition of said property, In excess of ten thousand dollars ($10,000) and not in excess of fifty thousand dollars ($50,000) shall be placed In the Sinking Fund provided for in this ordinance, and shall be r r IF used only for the purchase of Elands of the last maturities then outstanding at net ,.-r... ? . aI ;.. more than the then market value of such Bonds, or for the prior redemption of last Ik ? maturing callable ponds. Such,payment of such proceeds into the Sinking Fund or 'y •f. "1 'rbjt t15.t41 ',r-?S'r' ' (4 Si:" `.4 the Renewal and Replacement Fund shall not reduce the amounts required to be paid 7=as into said Funds by other provisions of this ordinance. No sale, lease or other disposition of the properties of said Parking 3 System shall be made by the City if the proceeds to be derived therefrom shall be Y' ` In excess of fifty thousand dollars ($50,000) and insufficient to pay all of the s s principal of Bonds then outstanding and all interest thereon to their respective dates of maturity, without the prior approval and consent in writing of the holders fd' or their duly authorized representatives of sixty'-six and two-thirds per centum t (66 2/3%) in amount of Bonds then outstanding. The City shall prepare the form of such approval and consent for execution by Bondholders, or their duly author- . , + Syr ized representatives, which form shall provide for the disposition of the proceeds i of the sale, lease or other disposition of such properties of such Parking System. Nothing herein contained In this section nor In this ordinance is in- ' tended, nor shall it be construed so as, to prevent the exerclse by the City of 20 - 3.. Cr. :? 1y.C, n, ?.K}4 5.?, •: ? J . ., r is++.:NJC.i;.,;;,w6 ••r. . r aJ./•Y:A. •}e..., ! 1 1•• ... r-.^ .5' ??y: r•: J rr?(`+. ?y'?-?s?i.. .. '. •y: • !t,," ' 77 '?,1• , >~' °ttr". ' , '-f'.?.> fry;. +r?• 't; t?'? i. •. y,. , 'N'om -4 M ?-_--__ -•f: . 1 `? r ._ IS MI .. y r , 1• 4 Its right, which Is hereby expressly reserved, to lease any part or all of the Parking System, except the city streets and the right to park on sold streets, to private operators under provisions which are designed to Insure the receipt of 'rovonues which are adequate for the requirements of this ordinance. Such lease shall be approved by resolution of the City Commission and additionally approved by the Consulting Engineer and shall contain a covenant that said lease shall be in force and effect only so long as all payments required by the terms of this ordi- nance shall be timely made and In the event of default on any of the payments re- quired by the provisions of this ordinance such lease shall immediately become void and of no effect. Nothing herein contained In this section nor in this ordinance is Intend- ed, nor shall it be construed so as, to prevent the trading in of used equipment, Including the parking meters of the Parking System, for credit or allowance toward the purchase of new equipment, including said parking meters, provided that said new equipment 1s substantially similar in type# quality and amount as the used equipment so traded in for credit or allowance. 4.02. (A) ISSUANCE OF OTHER OBLIGATIONS PAYABUE OUT OF REVENUES. That the City will not issue any other obligations, payable from the revenues derived i from the operation of said Parking System, including both off-street parking facili- ties and on-street parking facilities, except pari passu additional ponds provided for herein, nor voluntarily create or cause to be created any debt, lien, pledge, assignment, encumbrance or any other charge having priority to or being on a parity with the lien of the Bonds Issued pursuant to this ordinance and the interest there- on, upon any of the income and revenues of said Parking System, including both off- street parking facilities and on-street parking facilities, or any part thereof. Any other obligations hereafter issued by the City, payable from such revenues, except such parl passu additional Bonds, shall contain an express statement that such obligations are ,junior, subordinate and inferior to the Bonds issued pursuant to this ordinance, as to lien and source and security for payment from the revenues of said Parking System, including both off-street parking facilities and on-street parking facilities, and in all other respects. (B) ISSUANCE OF PARI PASSU ADDITIONAL BONDS. That no pari passu addl- u tional Bonds as In this sub-section defined, payable out of the said Parking System Revenue Fund shall be created after the issuance of any Bonds pursuant to this ordi- nance, except under the conditions and in the manner herein provided. - 21 - l? ` ?fr r !`?h S ' '?? ?rr tisti?Yx ?` 1A 4 •?^'1?? "'S'1 ?? `?' L`H`?:;5'}?t#;'`s`?r?,'?r?t.J V °i'.. I iY•'• ,%^f "•<c Y: is r (? ..'..of:,?f).•?..,$y: ?inuiil?-+S.•e..'A UaYI:rs,r , y; ?f?T-t??" ? ° ?.ti"???y?5.{r.. i.r .?.;k1 ?"?:Y?",,, ?7?Ml.rl'??'°VYf?r?•'kw.tr`,"'?`..+. ?.,r2+'F??rrFfla};tt'"u''xs'Y+???'!a?'??.TS".??.?.°i:!'r?`,'k't!°'.tr'i'r'•?ras fis.e:i_r+.k Fi F\?.'i .iil.i _. _,._,?3?:•3Yr f'f:•..._+.?.:. ;T.: ,..?. ri•1??7:'., .`r:d':. . ?.fa:._:"F3;', z.?,. A'?,. ??`. ? ..__._ .... ,__.'??:-.i?',ii_?!:':.?-.fi f.?:':'.11{`????>'?'1 _i'.?e`; ?. 1 I 1 r ' • , I `v I • 'iii No such pars passu additional Bonds shall be Issued unless the average annual net revenues, as defined herein, derived from the operation of the Parking System, including both off-street parking facilities and on-street parking facili- ties; during the preceding 24 months, plus 75% of the,overoge annual additional net revenues, as defined herein, estimated by the Consulting Engineer to be derived In the 24 months Immediately succeeding the completion of the new additions, extensions or improvements to be financed by such purl passu additional Bonds, solely from such new additions, extensions and improvements, shall be not less than one Hundred Fifty per centum (150°;) of the largest aggregate amount of principal and interest which will mature and become due in any succeeding year on the Bonds Issued pursuant to this ordinance then outstanding; and on any part passu additional Bonds theretofore issued and theh outstanding, and on any other obligations then outstanding, which are payable feom the revenues of said Parking System, including both off-street parking facilities and on-street parking facilities, or any part thereof, and on the pars passu additional Bonds then proposed to be issued. Prior to the issuance of any such pari passu additional bonds the Consult- Ing Engineer shall prepare a written certificate as to his estimate of the average annual additional net revenue to be derived in the 24 months Immediately succeeding the completion of the new additions, extensions and Improvements to be financed by such pars passu additional bonds, solely from such new additions, extensions and improvements, and shall file such certificate in the office of the City Clerk. Such certificate shall contain a detailed statement of the source of any estimated additional gross revenues, as defined herein, any estimated additional operating expenses, and any estimated additional net revenue, as defined herein, to be derived by the City solely from such new additions, extensions and Improvements to said Parking System to be financed by such parl passu additional Bonds in the 24 months immediately succeeding the completion of such new additions, extensions and Improve- ments to such Parking System. In the event such certificate shall show that the estimated average annual operating expenses shall exceed the estimated average annual gross revenues to be derived solely from such new additions, extensions and improve- ments In such 24 immediately succeeding months, then the estimated average annual excess of operating expenses over gross revenues shall be deducted from the average annual net revenues actually derived from said Parking System during the preceding 24 months in computing the power of said City to issue pars passu additional Bonds under this Section 4.02 (B). -22- r r. F .0 ?v E, .?:'M ?` .''•, '?'`°.rr ,.,;'?,..., `.. ""' i`"T. ,,,'',V '* `vhf,,,a•r x'?.,.', ..'ts?eT ' ;,ai -XIO i '. •'Y:,, n"T' ?'°I 1 ^,. tti a t ? . J a ;.C' ?tk' iL.•,?' $' `G'„:f' ;:.r.i'. l ` ?,v +s'ekn';f:' ^? '` "'?' .!•Y ':i:' irY" ?i";)y,I ? ??'• ?,? i' .J,}E•r `?? ???,{;M?, S, ??r1-y •i: s''?: '1 ?d?`•':? n??f..?? 7i4 r??'..,tti ?.'.'ar ?,., u.f '?."..Y759?? 'fb t,? `,f Is4:?: ?u. T ?3:wa?•};4??• •? fe? r s lr?? ?4 '? ) ?t f _Y., }•!.}?}i;,;'`7 fix'!k 7")' '` ck t'1 .,4fi ».wL?2fi e.,??n$,?r""tf• qye??. 14. -jrrp.y]?tf?r{!`? ? k ?.?Pt, ?te:?;??'':` s .C? :?:i?° ? f•?+?`??.?ss? .l?n 'r?? ? ,?'. .? is u t 4'r}R,7,? ii, •. .: .?! ,s ,,?': ?•,, . ? ?• .,yai ,L,?"?'ra 4,' ;; i. ? s,? f., ,''i' :Y°. YYY ?l._ Y- s r # S: .. ?' Such Pori Possu additional Bonds shall be issued only for the financing of the construction of new additions, extensions and Improvements to sold Parking ' ¦ System, Including the renewal or replacement or acquisition of now and additional capital assets thereof. ¦ g'•c The term "parri passu additional Bonds" as used in this sub-section,' fN ii shall be deemed to mean additional Bonds issued under the provisions and within the e limitations of this sub-section, payable from the Parking System Ruvenue Fund Part ?_: = s:z-• ':'?'°'?,••'`` x4ri-K:4" passu with Bonds originally authorized and issued pursuant to this ordinarsce Such $• ;,??: {<=x ?a''F'-' r•d ot!{'?°.'3w?: .•?t,'.Y...?,^`++''`'??'7.5TKi.Vf'_tA',?:,r?5,•„ r ) y pars passu additional Donds shall be deemed to have been issued pursuant to this ordinance, and all of the covenants, and other provisions of this ordinance (ex- d= F:r???+M E ; ce t as to details of such part passu additional Bonds' inconsistent therewith) small be for the equal benefit, protection and security of the holders of any Bonds originally authorized and issued pursuant to this ordinance and the holders of any f ? xx Y± ,i .l J part passu additional Bonds subsequently created within the limits and in com- ) 3 "u •' kF. pliance with this sub-section. All of such Bondsi regardless of the time or times w . of their issuances shall rank equally with respect to their lien on the revenues,, , of said Parking System and their source and security of payment from said revenues without Orefeeence of any Dond or coupon, over any other. The City shall comply fully wlth ad the increased payments Into the various funds created to this ordl- aa?t TF ;?d??+y?}? trance required for such part passu additional Bonds, in addition to the payments ?., f,,t?r'r ?:.??f^?? ?? • required for Bonds originally issued pursuant to this ordinance. YV Y• ?2? gin' ' All pars passu additional Bonds issued pursuant to this sub-section Zf_ shall be dated March 1 or September 1, and shall all mature serially on September I t° S ,,. of each year and the semi-annual Interest thereon shall be payable on March 1 and N?? , " September 1 of each year. ' wa •? ) Z 't The term "part passu additional Bonds" as used in this sub-section shall r ?.'. fir= = ? •'" not be deemed to include bonds notes certificates or an obligations subse- quently issued, the lien of which on the revenues of the Parking System, or any part thereof Is subject to the prior and superior lien on such revenues of the Bonds,issued pursuant to this ordinance, and the City shall not Issue any obliga- {ir4 tions whatsoever payable from the revenues of the Parking System, or any part thereof, which rank equally as to lien and source and security for payment from such revenues with Bonds issued pursuant to this ordinance, except in the manner , ..J and under the conditions provided in this sub-section. ;?_ 4 -23 ?'- 4 4 :,i.lc(rr?,",.3;5i j"`t•. 5r` ','s;_ r?l'°j : - - t• „ .['i. ti5? ??r .33: i:? ?: ?'.?,- ,try ?. ,t . •' - ' i 'r"?'??fr'?i".?"x1t 7•t'?•sk?Ar f.+. y "::.rr; :3'?'?S:'??_°?M.r ?_.Y..? -1 - , .. - .. r - _ . - _ .. "?! +Y f l y?{?Ny.;?1,?'?'i"'°yj'ae4!?4?. "??';°; +, ?e?''Mt* ?+r}?'NM?1.,.r{? !?. ?..?,'" ?.??;t}`;'?•?"`""?IM?''' °.'''a1.1'?!t1???+•t??*, ,''.t ?y `.F•T ?` J".J". .+.'•F• ?.. /' ;v`S.; q:; .'.S '` '.??-??,: ?c?h.'.?""""'.. t? +F •Jlf-. P4' e,'. - •'? ?:?'ri$'?? ''???[[ I-..? v`tCa"?.r?. - ,+ U'M •n,..' r i'' _ '1. :'f';.; ;f_',.; y.. -?'" ,;? '::1:;1E.ktt'- ,:.Zr'..'''a. '+? a ? i e z s1 i' . l??.'r,{,?....•- ?r ? , +t?ft•?ca. ? ? . ?;?.3 •! . .'{.•?;? } ; s! ?5 - y. c: v '.Y nr yc •t ?? . 4 ? - .( G ? ? L ? ? MY% •ir`y7 5?' d t'?.k '? J al`3y. ??i L:i; ,t e. f J,,?•e•?t7?1'?Se''4': u? w' " y x? yy'uk? !ll t'tis ?(.?y, u•' ?.r ?. K:-? •; a ? ?' ?`?4 ?t?? ?.'4A:'1. ?5,,?• r..•'Ja7<}•,`4'i?;?.ii'':?3_?'Fr:v's?1'g''?w'?.,? ??x?`? ?'"??"f?+c?tC:?a!kl? q? * ' ?:'Lr 1 is,.?".? f-k' sT?n , ??r J L.::y •, '..st<'s. 7. • , .t .i':r }T,S.? k•i'AiK1y- sr'd3 '+'?{r' _ '•t? ?k & , y.+.?? ' .ti•.re-L t`"e?L.?, j4 n ii ??3 «;;; f"•:. }4 Y l.r.. ,d.:•, fir: ?ur.a W' ' I,3 /„c. ,i ,vlc(qp(?}'3? •?}r i:'yy ? ,,S.Ht tF'?` {x` ,,o4rree ???yf?'i \9 .]Fs oi' r ?, -.xr .ir.,r )yl>,(,yy?'Lr 4/a'•r': ? N' :h' ? P"i+TG '•1??\f,Fe:1.?,a L ?9'??Y «?i1Y: ?'i'??.. r.`y3•"F atiai.?.ti++?t?i.r .j o3•. 1 1 k C . i No pars passu additional Bonds, as In this sub-section daflneds shall ' bo created at any time, however, unless all of the payments into the respective funds provided for in this ordinance on Bonds then outstanding and all sinking . ?.a4 fund, reserve and other payments provided for In this ordinance shall have been made. in full to the date of issuance of such pars passu additional Bonds, and the City shall have fully compiled with all the covenants, agreements and terms of this ordinance. 4.03. INSURANCE. That the City will carry such Insurance as is ordi- narily carried by private,corporations owning and operating similar systems as ! the Parking System with a reputable insurance carrier or carriers against loss or damage by fire, explosion, hurricane, earthquake, cyclone, occupancy or other s" hazards and risks, which insurance shall at all times be in an amount or amounts equal to the fair appraisal value of the buildings, properties, furniture, fixtures k is and equipment of said Parking System. In time of war, the City shall also carry in said amount such insurance as may be available against loss or damage by the risks and hazards of war. ,i 4.04. BOOKS AND RECORDS. That the City will keep books and records of the i, Parking System, which shall be separate and apart from all other books, records and accounts of the City, in which complete and correct entries shall be made of all transactions relating to the Parking System, and any holder of a Bond or Bonds issued pursuant to this ordinance shall have the right at all reasonable times to inspect the Parking System and all parts thereof, and all records, accounts and data of the City relating thereto. The City shall, at least once a year, cause the books, records and accounts of the Parking System to be properly audited by a competent and qualified certified public accountant, and shall mail upon request, and make available generally, the re- port of said certified public accountant, or a summary thereof, to any holder or holders of Bonds issued pursuant to this ordinance, or anyone acting for and in be- half of such Bondholder or Bondholders. 4.05. MAINTENANCE OF PARKING SYSTEM. That the City will complete the con- struction of the off-street parking facilities provided for In this ordinance in an economical and efficient manner with all practicable dispatch, and thereafter will n • 1 1 maintain the Parking System In good condition and continuously operate the same in an efficient manner and at a reasonable cost as a revenue producing enterprise. .r - 24 - 9V pff- } ?? , 1I 4>:s?' Sr`•r; . ?.N* ?-lGnt1`1r^c'^.-`;.; '.l' ••l.. L, \I(, iSY ?r 1.?.S ? .a? ? `f ?.' a?. 1 .. • "5 w .. 1 y. . , p !° -l _a_4+._ - . e.{:?!?_.?il•_=': L?_T •'".S"t'll•'ilit `rf-`?'?? ??31?.??...a..?..?-?f_?y _ - ._... __ t_-?__ ____ _... r-_ _ _. _ - .. - . ;j :t a a M c e + U t? ry, -mow-. -? ,mot, -Y. ;`. , , 1 r' .,J %YF?-.?"?' x';?r r, n ?`af 7'. .,• 1: y;?yy.?.tt;•Y?NfsI 94,x.' ,l' - 'i. 1.• _ ...•_. JF._. ^ J•:wYtL +P? ??. '?'n ;hvf S..J .:'4. ':t1?+yt'si "l'..' }4; ti: ??.; .'_ `?i., p?'??,.??. -T' A•.•it.. i ?C t A e s`t• ?z+w ? °3"'Y't' :Y{?r?rx ??.s?? .j•..,'..,t : .?: ??' .r,lti.. ; ? t;.;;?"L. ? t ? .a MISM f . f k ` 4 a . 4.06. SERVICES RENDERED TO THE CITY OF Ci.EARWATEk. That the City of Clear- water will not ea ndo or cause to be rendered any free parking or services of any nature by its Parking System, nor will any preferential rates be established for users of tho sama,class; and in the event the City of Clearwater, or any department, agendy; instrumentality, officer or employee of said City, shall avail Itself or themselves of the facilities or services proVided by said Parking System, or any port thereof, the some rates, fees or charges applicable to other customers receiving like services under similar circumstances shall be charged said City, and any such depart- ment, agency, instrumentality, officer or employee of said City. Such charges shall be paid as they accrue, and the City shall transfer from their general funds suf- ficient sums to pay such charges. The revenues so received shall be deemed to be revenues derived from the operation of the Parking System, and shall be deposited and accounted for in the some manner as other revenues derived from such operation of the Parking System. 4.07. OPERATING BUDGET. That the City shall annually, at least forty-five days preceding the beginning of each of its fiscal years, prepare and adopt by resolution of Its governing body a detailed budget of the estimated expenditures for operation and maintenance of the Parking System during such succeeding fiscal year. No expenditures for the operation-and maintenance of the Parking System shall be made in any fiscal year in excess of the amount provided therefor in such-budget without a written finding and recommendation by the general manager of such Parking System or other duly authorized officer in charge thereof, which finding and re- commendation shall state in detail the purpose of and necessity for such increased expenditures for the operation and maintenance of the Parking System, and no such Increased expenditures shall be made until the governing body of said City shall have approved such finding and recommendation by a resolution duly adopted. No in- r.reased expenditures in excess of twenty per centum of the amount of such budget shall be made except upon the further certificate of the Consulting Engineer that such increased expenditures are necessary for the continued operation of said Park- ing System. The City shall mail copies of such annual budget and all resolutions authorizing Increased expenditures for operation and maintenance to any holder or holders of Bonds who shall file his address with the City and request in writing that copies of all such budgets and resolutions be furnished him or them, and shall make available such budgets and all resolutions authorizing increased expenditures .. 2$_ MW 5. P 7 77 PV Vol""M ?ti'•w"SXtiT??-r'V*'`AA T?.r: t ... .? w . . - ... ... a !' +M F # y? lYas LJl ?1 r2 ?.?.: 1= ' r.. ' ., Js f,•? .i 4.?yyi^.YM"'trEn;.?..t„`!t?.fMyt ?S.A-.,',,?.,}`•31.r )^..:••r¢?1.M-1;?.*Ft%v.'n?t?1?, is ,1 ..;?? },. F7j.` 1.. L,Kr ., '.-.`f??,I t? f '? ???. .'y???:C•?C 7?7?..?????!!??y????1e??'`?'?-• yha,,{}?"?, .'1 Y ''`'° :Y,. ";; r''s. ;a1 :- '4:??;r..?: ;"???V``?. •?"?•7?S, ..y.;?`?.? ,..f`.'"?... ,???a}:i.>:.?I? }?' Y•. for operation and maintenance of the Parking System at all reasonabla times to any holder or holders of Bonds issued pursuant to this ordinance, or any one acting for and in behalf of such Bondholder or Bondholders. "r '` "t ' ' F y = 4.0. REMEDIES. Any holder of coupons or of any coupons pertaining there- to, Issued under the provisions of this ordinance, or any Trustee acting for such Dondholders In the manner hereinafter provided, may either at law or In equity, by suit, action, mandamus or other proceeding in any court of competent jurisdiction, A d rP?t14aV?4Nri CMS"I •..`c: , , fvxx, protect and enforce any and all rights under the caws of the State of Florida, or ranted and contained in this ordinance, and may enforce and compel the performance r >f ?.f ..'t of all duties required by this ordinance or by any applicable statutes to be per- formed b the City orb an officer thereof, tIncluding the fixing, charging and >. ?.3, ;tV'` f ti Y f ..tea .1 5f °s. t s,rr:?' collecting of rates, fees, rentals or charges for the services and facilities of f the Parking System. T?4 In the event that default shall be made In the payment of the interest on or the principal of any of the Bonds issued pursuant to this ordinance as the same i- shall become due, or in the making of the payments Into any reserve or sinking fund Piz? or any other payments required to be made by this ordinance, or in the event that ,•',, the City or an officer, a agent or employee thereof shall fail or refuse to comply with provisions of this ordinance, or shall default in any covenant made herein, and in the further event that any such default shall continue for a period of thirty ,.?_ days any holder of such Certificates or any Trustee appointed to represent Certifi- cate holders as hereinafter provided, shall be entitled as of right to the appolnt- 41", ment of a receiver of the Parkin System i In an appropriate judicial proceeding to a court of competent jurisdiction, whether or not such holders or Trustee is also yq:??' seeking or shall have sought to enforce any other right or exercise any other rem- +4 F;,?• edy In connection with Bands issued pursuant to this ordinance. The receiver so appointed shall forthwith, directly or by his agents and -'? attorneys, enter into and upon and take possession of all off-street parking facili- ties of said Parking System and shall hold, operate and maintain, manage and con- , trol such off-street parking facilities, and each and every part thereof, and In the name of the City shall exercise all the rights and powers of the City with re- spect to said off-street parking facilities as the City itself might do. Such re- celver shall collect and receive all revenues, maintain and operate such off-street parking facilities In the manner provided in this ordinance and comply under the I?A '111;3 ?y. .. • . '1• ..fi.•tF;i f.?P•?MR.r.?tK?Y?:r:? •• =iir??' •F r?L?'?°a'?'r hL•`'kri'c sL } f ,a 26 ? - ri: a ', 7 rrc ?•4 f°?? •??y ;a •, '" , .: 5 ??i??`>?3'?_?0 .4. . s 5°_#ri, ;ac',?'At?' T 3'w'?'?SG4''?YFjI+uY?"C• Y?iYrt? s.r •' ;f) ..fyrrt+ry 1 r s+,kS`" ?fl?tN'"a3' s } f'`-',; '•%?.i,?:+` •!';71!!x!, - v.!yk{?A:k??,. =y">;f.x =p-a, T. "? :Z-r'I'1 #' ..i•"t' .1. i •i` '.:t r. J•. :, 1rs ':*' fs• .,ffi :s ,}_,.`, 17 ilC •,?s :1.1"'a ,,?.,' ? ?`l:.x•`"r 'y. •?'.(.?„r, ?: L' la:'j,. 1 ,.y?••?f',., .y•? .Y•??'f5,' ., }; ?a!,r ,f ?it?- ` c? -i '+? t ? ',':%. p'yv,.x ".' i. .• w=' ii .r - r ' ' i."' ' ? ?. f- , : , : •'/l 'j 'S''Ss'Y >1• ??k' ?xC r,2: ?a ? ?• 'f?•,?`"l? y¢t ?.*' 't ry 41 ?ii,,?? ^; Fr+?t?f.?'..??;•'T???iz?`:!t?'.?J'1a ,'??;, `?P'.r'&th''&?y? #?`,y•',?,1> Y-?' ? .•G'.t•,>,?'?ig.. st *%.°' 1 ? 3L. ?^? 3;`•< ?:?+ .s i ? y??1y?Y .. 7 F?3 tyI, t? rf?,ift•?'+?C?'rfS z .''!?. ,?•''3?Y°13. .i 5 ?`tT•r, l ?."( s?+,,Y??Jr?.t? ?S.}??.•4 '•'" "'?. ?•' ?z'YW'???,S 4?yi'n•??'Ty°•??1 /•It??''?5,?. i ??t?('. ???`}{I i ? a 1 i '. '1`??,?j•k•?`a?3?51.?'+i•?C ?l%•F?s??4??q?r3 ?-T`?•?i [??J???{j?ii?'.?, i.. Y'??7r(r?i??.{??`t.'P=??},'1`???Yp [ `? ?':;?? ?:, ?, ?°"1,?'x+ ra,?fy..4?yaT't?yt••?:: }a?', ,y«?li. }°ar y,, t'a•. ?.?5'' • ?. . _ c , ?,?r?'w? q"rs ,?? • n•Y`? ,t r, y; ,?„ s ??• s ' y ,w +?,P` T?l,rY ? ? ! ` ', `i' 3 +?+ ' r;;? ???'te'?;o-??;?,t??7?,,;,?,:. s` ?'ar?=ns ?sr :r,???" z r ,?•^,? , ?t `#`?,' ?????,.: ?' ?'fi??'`?1.? .'?; .? '-r '?• ?• 1 i' ..i1 ?s' ? t ? r'?•' r`11?,+ 4 n :y. t?Lr^t.t",,,?••.". . f. , ..:iff',??"'.? • ? f '?.':" ^?? +!dl' ?l, !!Y 1 -t ? d?'K r?:?,lS` !i3°3' ?' r!;` r.l.<*. r;,?.':. ,-?•. i, r.3'.•, A'rY alc+< ? '.? .•Sn ?? .?,.. j °r C z ??+ ';';? r{?'?v> `IJ`.e, ?Jf?f:r,1J.,: ?. ,i,; •. >fi;?rt nt, ?C; nib;?j •.`.,?? '{,l t' F•f ,i. 4yY,:k"f•;> ,i•?iJis .c?,e'4.,' ,ut,: i''-'' it^' f.'r, , t,'' , , i{ I ?• 4}rt. Jurisdiction of the court appointing such recelvor, with all of the provisions of .. x° d this ordinance. is f 14 • '? i Said receiver shall also collect and receive all revenues derived from the on-street parking facilities of sold Parking System and apply the some In the manner ?. ?Ar???,provided in this ordinance. Said on-street parking facilities shall continue to be I IRA aperatud and maintained, except for the collection and disposal of revenues there- } ts, r1`i . from, during such receivership, but such receiver shall be entitled and obligated to obtain any orders from the court appointing such receiver to compel the City and >'f;• ' I', Std v' its officials to comply with the provisions of this ordinance in the operation and :u:.+4.va •ia?..t,rRaa?`ki.ra:. e a';. .; •4',tir '`Y? = maintenance of said on-street parking facilities during such receivership. "????T?r5 ??0?'•?iB??t i j i?9' i??=1fif?? •"S =+f`•'..• ,''k?'.rY„`.:`?''L'"?.^^": J ;f, ?•, t7'" due upon the IIOf?d5 issued pursuant to this ordinance Whenever 811 that 13 • •?irf -,?`ty??„et -# r ? t?` ?• }•!'?L i ? { ll.i?^L?}",'r I{, -3, Y., wig ..S fY£t'r,?:}ii =`.{ . r=, ,•r and interest thereon, and under any covenants of this ordinance for reserve sink- YJa`'t•:" ? r•7,, , S'+?•}??`, Y, T' i:?•;^,#'in.y1i''eptl.?ki?' , Z'}}4'''??•'Si:t'.lM1:' rykl?: L..k sij FjY,???•^rZ i:w'k.i. .E??, ? d? T??;?.,....-•-r ing or other funds, and upon any other obligations and interest thereon, having a 1??•,?'?"Ta,?.?,? uw,?..?' t? 7:, ?,s. L M ?' 1, 1'i•??jl4 ?4 'Y,la '{, h °i ,LL : t'•l„ j, f' ;?''? "•i. r.r r.7fh M .5 9.1 .s 1rs '. 4 ,. .i chargc lien or encumbrance upon the revenues of the Parking System, shall have been a• " + '? ?? ?° , .? ?;?},.•?i,,,?;,?? [?c ?,:'????`/?y#`'y+,.` f???' ? t•{3? °7?`x+'? ?E`tz, 'ktct,j'f'{:5f,??- i ?'S, q • ,?" •'? ra{, ,i4 r?,j`?}t? paid and made goad, and all defaults under the provisions of this ordinance shall a- ct/?:;y& 4...? •' ?' {- ??•'?1 1 ,??1 ? 4 q#?'.... i' ?S?•'i" Rv3 "J It?? have been cured and made good, possession of the off-street parking facilities of lit. c''-?, said Parking System shall be surrendered to the City upon the entry of an order of ??.`?'s£:iY„%f•;y i "` :",?? 'L`.;ja;,?ya •y?•P',:?: w; Lr-, ?L. y? l'?F?`y r.r '? ;r'.?y? "e?" v M ?,,'SS SC?y-•']It ?;"`:.. f: ?.7}.?`.yvt? } 1 r?(( ? ` r:l, S:F ?. 4?},dt„A4f i'`?r'r. y';?.a. ?" i A?,,•S•?'`'? } ? i`'?7;. the Court to that effect. Upon any subsequent default, any holder of Bonds Issued s- ',. .1:?,?,•[?r3?R ?'Yt .v??, J".fy aT?l s?f41•"?l•i, r? ? ?1??i'' i pursuant to this ordinance, or any trustee appointed for Bondholders as hereinafter . ?'r? eI? qlt ?,?,'"M:ti.7i' •. ?Y y1 provided, shall have the same right to secure the further appointment of a receiver c?j;<3' , rk?l i:$y li f°z "i?k,eh?;•? tv g ?°?, ???•,?.'???'???.? ? upon any such subsequent default Vg??k? ? rffS•'tr?.,?j?`•.il.. Such receiver shall in the performance of the powers hereinabove con- I,t•i'.4'? L+, x'4f"'?Iwtl ?'+yv -•'!'t?:,r.."•,,$„Cl1?,yy?i1?•L k': `y?^.? ,'?1.?-?,'}l?.?s,lwrf??,`>{,,3t???.,?K„" ??,yj•'ik iC;4?'??S y ?? r` ferred upon him be under the direction and supervision of the court making such s c?"?'?;?rS7ylG'r pY" L: ,3• h.??;,Lr +'?:-4 ?? • ?,!? ;1? ';r? appointment, shall at all times be subject to the orders and decrees of such court ' 1 yYL S °?.i;.tl'?r' ..k?LN??F A) 7.Yry, 3. S S+L F3"•? ?j r? dyr ??; . ? • <x?' "Yr, '1'',7.,?1r'?.ar-:,%'?? fy s>+?'?< "o'' f and may be removed thereby and a successor receiver appointed In the discretion of 10 .?•r'???:',?'="2'; such Court. Nothing herein contained shall limit or restrict the jurisdiction of r::31??-75r?•;t5•?ilM', b such Court to enter such other and further orders and decrees as such court may x*??r"fi; k deem necessary or aPProPriatc: for the exercise by the receiver of any function not w ??£MV[?r ?:? 3.?.?1YY}+C't`Y?' specifically set forth herein. d?r7 y1a Any receiver appointed as provided herein shall hold and operate such. 3 off-street parking facilities of said Parkin System In the name of the City and for the joint protection and benefit of the City and holders of Bonds Issued pur- suant to this ordinance. Such receiver shall have no power to sell, assign, mort- gage or otherwise dispose of any assets of any kind or character belonging or per- taining to such Parking System, but the authority of such receiver shall be limited` 27 r. A. , . , 1 a ft akt. 171 i.. .._ ..... ., _..? .. .. +s :.t.: •?i. .., a_.. _._.. i?•l .... >'+: ?.. ai:,:• . .?.., ?• .. ?. .:,. hi?;r: >.. ........t:?':??°.C.?2„a??i'S;*:s?r•??s.:-N3.?Yi????':9? • t •Y .j „ ? f. ? y to the possession, operation and maintenance of such off-street parking facilities, and the collection and disposal of the rovenues from said on-street parking facili- ties, for the sold purpose of the protection of both the City and Bondholders, and the curing and making good of any default under the provisions of this ordinance, acid the title to and ownership of said Parking System shall remain in the City of Clearwater and no court shall have any jurisdiction to enter any order or decree permitting or requiring such receiver to sail, mortgage or otherwise dispose of any assets of the Parking System. The holder or holders of Bonds in an aggregate principal amount of not less than twenty-five per centum of Bonds issued under this ordinance then outstanding may by a duly executed certificate in writing appoint a trustee for holders of Bonds Issued pursuant to this ordinance with authority to represent such Bondholders in any legal proceedings for the enforcement and protection of the rights of such Bondhold- ers. Such certificate shall be executed by such Bondholders or their duly author- ized attorneys or representatives, and shall be filed in the office of the City Clerk. 4.Og. ENFORCEMENT OF COLLECTIONS. That the City will diligently enforce and collect all fees, rentals or other charges for the services and facilities of the Parking System, and take all steps, actions and proceedings for the enforcement and collection of such fees, rentals or other charges which shall be come delinquent to the full extent permitted or authorized by the charter of said City and by laws of the State of Florida. 4.10. RELOCATION OF PARKING METERS. That the City will maintain parking meters on all streets where such parking meters are located and maintained on the date of enactment of Cie ordinance and will not remove or relocate said parking meters unless such removal or relocation shall be recommended by the Consulting Engineer. The covenant hereinabove contained in this section shall not be con- strued so as to prevent the removal or relocation of parking meters where such re- moval or relocation is made necessary by street widening or street crossings nor shall said covenant prevent the substitution of or change In location of parking meters necessary, essential and required for proper traffic regulation and control, where such removal, relocation or substitution will not materially lessen the revenues obtained from the operation of said parking meters. 4.11. DURATION OF COVENANTS. That all the covenants and agreements made in this ordinance shall be binding upon the City as long as any of the Bonds issued hereunder, and any Interest thereon, are outstanding and unpaid. I' I: t,. .l r;•, .! ,,d:i.?? x^.3'2 • S? a a. f? k- A '; r r. 3 { -28 - k b f ... 3?S.. k3?? S,y0i ry? :?'.t?. .: ?Y',?t t '-5r{hs's^ Sri:", f ,fie" L1 h•4.F+i.4 .W ? ? ?. ? t. .?'` •'{-;' •r7;^• ? Y? , - ? ? ? ? ' r ?: ?t:f. u?3;?;F`?„,?* + '• S r. F _ ?t'?L `.'?L=rl" L '•7'i'#'vu V, V-: .'+1 `^q!?'"'.;'rt r.s ... f•rw •L. r .... ...... • .. _ . .. ' I = F. ' • i U 4.12.. CONSULTING ENGINEER, That the Clty will retain Wllhur W th and ? k ars 1 •' 1lssociatas,New Haven Connecticut or other qualified and recognized engineer$$ to'superviso the construction of the off-street parking facilities authorized by ?,4 as' ,?this ordinance; and cftar the completion of the construction of said off-street parking facilities, the City will retain on an annual basis the sold Wilbur Smith and Associates or other qualified and recognized engineers, to supervise generally M «P }• j w i S fr ti a i r< the operation, maintenance and repair of said Parking System. .. . ' Sold Consulting Engineer shall make an annual report of the condition of said Parking System, and the City shall mail upon request, and make available a ? generally, the report of said Consulting Engineer, to any holder or holders of h? Fr `SFr?,fk `"mod a ??z??l? t!? r'? Bonds issued pursuant to this ordinance, or anyone acting for and In behalf of such Bondholder or Bondholders. 4.13. NO COMPETING CITY OWNED LENSED OR CONTROLLED FACILITIES. The . ,. ?' City hereby irrevocably covenants that it will not construct or acquire any park- ., y rP' ing facility for which no fees or other charges are fixed, established and col- ' lected and which will be competitive with the facilities of the City's Parking System as defined herein. The City hereby further Irrevocably covenants that to M !.. •f . the extent,permitted by law, it will not grant, or cause or permit to be granted, any franchise, permit or license for the construction, acquisition or operation of ??. any parking facility on any city owned, city leased or city controlled property In .?` ?# i let; ?1 ?said City by any person, firm, association, corporation or agency or other body 33'x. 4 whatsoever which will be competitive with the facilities of the City's Parking M3 {(;(. System in such a manner as to materially affect adversely the revenues to be de- l, A < 3? ? 1Y pa, Y'r ;'• rived from the facilities of the City's Parking System; provided, however, that the provisions of this section shall not be construed to affect or Impair any •` vested rights under any existing franchises, permits or license. 4.14. INITIAL RATES. That the reasonable rates, rentals, fees and ' other charges for the use of the services and facilities of said Parking System are hn~oby found and determined to be, and are hereby fixed and established as a follows: .t .f ON-STREET PARKING FACILITIES 181 Meters at the rate of not less then 10? per hour each. E The balance of all meters presently and physically installed w;thln the r corporate limits of the City of Clearwater shall be at the rate of not less than $G per hour each. OFF-STREET PARKING FACILITIES "'.ht ' P:.. ;:!"pn q? per hour each. 29 " F 7 C„ a. :.i •P1?? {, ?'. S r 7 .: : t s ? ?i . w t !. ,? , " {, . , s . •r..Ys?ZS?y• 'iJ':•C: k. ' ? . . C• % •i 4,• tltsi t{.??5 ??.,'J RZJ??+?? f 1 -4 ?v 0• W ?s ARTICLE V MISCELLANEOUS .'?.'-'?'•: .'4 F" u -'-y'f°?ii ?,SF.". .,'a\'[^: Ski'}"?.?'...? .;? ...- 'r<r =?': :< t alt, r i.'i • • t • ? '.-.r. _ i !, e.,:.b°.:?•1 ??f y.:' /1" .1,. ?' . .•f ?? '.5?:` ,tC <t?:'''tit?rVi? <,, ...gyer?FST'Slr,`?STil,r. ,'tdF?•i:• tr't'>?;,,"{" ,?'tt ,+??'s. ;{?: , e r t ?r•t ? Y5 , r •1 M 4 ?• V '? ? S 1? N e ` v.•a4Ylr 1 rLMyr'S":r[,?.? ' :'?? ?r?•??i?z;'}a••'?yi?A•?J•e:$i?r?t.'jp?? gg?. r ? y,E ~ t}'ti s1 .,?. S+?•Wi;J 4° f;fs•?J!? ?h%i r „ ? ? " rt l ?i Y _ iM w?l?'?N ?':*A+ *'Y v ? i i ;•ij 4 t I ?? _ y rat ;,C'? i • ° it The City further covenants that rates, rentals, fees or other charges' will be charged and collected as long as the Bonds issued hereunder, and the,in- terest thereon are outstanding and unpaid, on all on-street parking facilities for which rates, fees, rentals or other charges are now fixed, established and collect- ed; and on all the off-street parking facilities to be constructed or acquired from the proceeds of the Bonds Issued pursuant to this 'ordinance; and on any additional on-street parking facilities for which parking metors,are hereafter installed in or } on the streets of the City, or off-street parking facilities, hereafter constructed and acquired and financed by the Issuance of pars passu additional Bonds pursuant to this ordinance; and on any on-street parking facilities for which parking meters shall hereafter be acquired from any source and installed in or on the streets of the City, and on any off-street parking facilities hereafter constructed or ac- quired from any sources Neither said initial schedule of rates, rentals, fees or other charges, nor airy subsequent schedule of rates, rentals, fees or other charges shall at any time be reduced unless; (1) The City shall not then be in default under any of the covenants, agreements and provisions of this ordinances and shall have made all current pay- mentsi including any deficiencies for prior paymentsi required by this ordinance, (2) The Consulting Engineer, shall certify in writing that the proposed reduced schedule of rates, rentals, fees or other charges will produce an amount of revenues in each year thereafter equal to one hundred fifty per centum of the amount of the principal of and interest on said Bonds, Including any part passu additional Bonds hereafter issued, which will mature and become due in each year thereafter, plus one hundred per centum of all other payments required in each year thereafter by this ordinance. 5.01. MODIFICATION OR AMENDMENT. No material modification or amendment of this ordinance, or of an ordinance amendatory hereof or supplemental hereto, may be made without the consent in writing of the holders of two-thirds or more In principal amount of the Bonds then outstanding, provided, however,,that no modi- fication or amendment shall permit a change in the maturity of such Bonds or a re- duction in the rate of interest thereon, or in the amount of the principal obliga- -30- ,w''?' +;?,tea..?,i.k??...x?.?r?,??•?r-i•-.-._.....?.. , i; ,\•- , _ .- yy??.. '1p a 4 s Y'rf.' oar's :. ?r> g t:t. c i 'sac il%wK .« ::r'ti . r „ y4 A v?,rt ' f.t u•? ..r?1=? iS'..Y .. s .I li ell i wa ?'ti J A' tion or affecting the uncondlt'lomi promise of the City to pay the principal of *and Interest on the Bonds as the same shall become due from the revenues of the Parking System, or reduce the percentage of Bondholders required to consent to such modifi- cation or amendment, without the consent of the holders of such Bonds. 5.02. SEVl:li11BILITY OF INVALID PkOVISION. If any one or more of the cove- nants, agreements or provisions of this ordinance should be held contrary to any ex- press provision of law or contrary to the policy of express law, though not express- ly prohibited, or against public policy, or shall for any reason whatsoever be hold invalid, then such covenants, agreements or provisions shall be null and void and shall be deemed separable from the remaining covenants, agreements or provisions, and in no way affect the validity of all the other provisions of this ordinance or of the Bonds or coupons issued thereunder. 5.03. ISSUANCE AND SALE OF BONDS. The $575,000 Bonds initially authorized to be issued by this ordinance shall be issued and sold In such manner and at such price or prices consistent with the provisions of this ordinance, as the City Commission shall hereafter determine. 5.04. VALIDATION. That the City Attorney be and he is hereby authorized and directed to institute appropriate proceedings in the Circuit Court of the Sixth Judicial Circuit of Florida, in and for Pinellas County, Florida, for the validation of said Gonds, and the proper officers of the City are hereby authorized to verify on behalf of the City any pleadings in such proceedings. Upon the validation of the Bonds pursuant to such proceedings, there shall be printed upon each such Bond prior to the delivery thereof, and over the facsimile signature of the Mayor-Commissioner, City Manager and City Clerk, a Validation Certificate in the form hereinabove set forth. 5.05. TIME OF TAKING EFFECT. That it Is hereby found, declared and de- termined that the funds to pay the cost of the acquisition and construction of the Off-Street Parking Facilities authorized herein are necessary and urgently needed for the preservation of the health, safety and welfare of the inhabitants of the City of Clearwater; that an emergency is hereby declared and that this ordinance shall be in full force and effect immediately upon its passage as provided by law. - 31 - lM?T?#'?'Y?AMlIISIS'M?'Ir1A?tlr'R'M'T.1?M'tt^w!^'?Q'A'?LTP7?J'•f?'#?t'"`M'fi Y• S' f •. "l "'?T ?t S • r •; 1 ., ??a tvri:4ncl..ii.',lr.1r+ j.:?.r'.' • ''? t t 1? 1/= li ,f a .4 f 4 J , ., y.n ;r 0 PASSED ON FIRST READING AS AMENDED May 25, 1959 PASSED ON SECOND READING May 25, 1959 PASSED ON THIRD AND FINAL ' i READING AND ADOPTED 2 1959 /s/ A X , FIN • MAY -COMMISSIONER .`,; r, '. +;'ts`'! : •.•: N r7r' UQ4 1s R ,G TEHEAD a „i;,,?,?•=.,a CITY CLE • f Published; Proof of Publication tl • ' .( d' (? tea';:.:; P ' i 4 .5 a f? 1y r ?Y•??'..?I?VT.sr`A, .n' -•; .iw-•"??,?.'J rir?, I. .? - ? _t5' f?.? { u: :M`rr?r,• r.,'?t..k„ .`,....n ,s.;, h:??3 ,?• ? 3g• 'i,Si,K `.i:. '.?., er, - 'i??r.;''1': - '.? -?•;y ?,z.. <. ij4vsr?,fy?'3, t:>=:'}:'y+z: 'l.f lY., T !: ='-.f.i.:i .rv' ::{i'• `1 r'r.?'•"- 'ii'?• ,yi ir: ?Y! lip a`:;?e' 4, •t „f ?` / ????. "3. ` 4* 'yS.'' i?x '?.'<s,? i}, -?P.lk' 7.?'= .. .a °'c' `.i??. .a. ??.:?,?i1. 3?•`? o..r`?? r???. 4 C'iiN!'•.'AkYfkt+'?l'gaK'""'rR'q.+""'y?+rr.:. ... '>•wr 1. .... - ? ? ?...... ._. ? . . ?? _ ? _. ._ .._- .. '? 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't•.tI:J..!"" • i.,r•: ,4,7'1• :r' : r' r: ,ti - ,? •,Y =i ' '? y ti?? .,?. 1:. . ., r d. :l•, .5 ra",..: :z. rr.,,, I A=ail-` 'i sr -fi- •.. •.1 Zv ,x rA .S!ih., ',' vi1 ?". t t, t"yi' .. .! ad• ' r ,.i. • aria, • X S' iG'?` II s lint: ' g.,....• r? f =,? . r .. ±{i'' %rX' - r { H•Yi.y. ' i'•M' r S ?'si 'i°S ? +f, , , .,!t a f.. .,':'4i . 5 .?. 9041= ? '.a•• :L'_ ` .. -' - 's; .t' 'i' :-,f .r ''%;: K..;. tr .,? Jf C; . , f? -n•',TS.. .. ? l: ' r l' :5 t? y.:;:.};i ;,' ^Y.l,:.'1', i.v'4. F.S'r... .?k';i.:...l.a;?:,^' i +' ; r t,? '1's' .?. rid" • ?• ,'&:. .f •;6 ?„?'.k,"4v,:,:,. f "5.,1.1:4.. Via' v,>; : _t T ,,.•',,.. i'f{ .'rpli3it,t±°' ?? Qi'41d1-0tRC[iilT:CdUItT O pZ sf'', ? Ft,yti''.;{'rtti'ra ?Sti., < 1.1111- 'ti, . , I;IXTlt iIIDICL%L,CIRC 1T.OW1 ,L? 1• .,,t+( yr',<'. r 46 'Y. ;s' 1..: "i t11 - •: ,`_ VZOR1OA'IN AND'P01t. '? 'I ^.c?,':,';r.•!'' ;,...• y':."r{• ^. <;r' e # The C1eArwnter Sun PINrLLA :,1 , : ,;, ` ', - , s + , i,~ "•3 aLIIAItWATII [':'•, .. 'eJ'ar' I'rb= i.. a 5:r. ' - ` t 1," Y i;; rv ii`t{1:..?; - Published d Daily CITY' olr., Pautiwa,h; :'s' g .;•y _`f;-s.•1':??t c?? 'C ' ? J, t r t Pinellas s Count Florida rr. ' r,r ;,r x1', ; 'a `F; it K_ .-,t:;r`' ''• ` Yr ? £7':':•., : •.";1: i Ctfi-a or, :. Wt ; ' , t )., • err'";:3'•i'':. ,"i,"' ' xY'ATL,Or YWRIDA.'-W6'? (" ., 'S ,t''":t .h,,- f?T-`. M5 : Yr. S' : STATE OF FLORIAA po ?' r? +3 ,.-i r, ? 6 ; :. U 1!<r rr' a ]. s"' a a Rrtqndl or:n = ",;; COUNTX OF PINELLASs xss VALIDA?I WTP .f ?, ,l.:- .3 ;.;: tf ,. n,' '.>? sr' <4 . r , j, r''Ilal ' C• I'TPl O aLLa11L, R41A'.[XRr 1!' •?': :. . ? u' t+:+ tS ,?• h.,? ,5 't a fir. ',' Before the undersi n t ' 3 t` F 1 ': .!, ''1 3' Gr° g od au hotily personally appeased W. PtrtlI Hanle. who ?,s,•,, ,'. r.; n,!• t;Sra,., f i ' - on oath says th¢t ho Is the 8usinosa Manager o! tbo Clearvrator Sun, a daft news er - ? THII'onDta-To slli'aivl?ir ,':1r" s,; ' : w:F`st'<-'n ? ''''4 ' ubltsho Cioarwato Td TtIII 6TATII v9 lLORIGA":Alta y !2'is;zx/ :,_ A' , ; ' £• ,,' ., , p d at r 1n Pinellas County. Florida: that the attached copy of r ¦F A -. ,.,,,. t,s' `1,, ' + " V1C L PROPIIRT7< ,' LtA CIT1xtiNtt il,..r' . bein a ?+y, /? TAxPAYIIR7'. A N D,. 'w v:'+, , -' . =r• ?j6 r{ r ,'i;; advertisement, g Xotlee..ef..Order.. to. Sh0Wr.QAU0.Q.......... OI THfl'CLrt<,.OT CL.1ARwATIIRi „r ,i•y';t;;,`'_; ;jF ?}, xti 1 :z rrt; E' .'d -,; AND oriltRS tlwvlrtp aR'.al.nlu:J ?f., r`S`.;;: 'r;?: i`'' 11 is r`? is the matter o! INQ ANT RIa13T, TITLE oR•SNTRIt-,? , ,.1 .' ;e' "y' ..Lt '7aT 1N PROPERTY T0•I1II"wvFSO.I r,;' '' ,Flak, ?k?''+;'L 11 ? ` ": A Of19BrW8 CT... VS. ? 8ts. ,Of i D at TILA LaxuArlcn Or 9ar3.ooo ,i:' :; : ,?,= ; 4'.:;,F;,+ e' y. 4 ..Qrid HUNLCSPAL PARKIN, IiLVEl/UII ,' l 1 !S',: r- . .x„:: .`t^. ':ti'! 'i, C 'LIONDa,IIIIRIIINAFr.IIRItORn,PAIt+,i _ "!,,3h''.?•- ?t,k?r.1?,, ,ji,."; °.]. TSCUW7tI,7.D1C RIS a ,;i,,. +`?'t, r. ,A7FWT ANY-WA TRII LOT:' .'? .,11 ' • ^'.,...'.; ,' s '•!'? t ...... .. Upon. th? [D lllas t•ao4 lnaumt 4t t" ? €, +t 3: s in he ... C iraui Court, was published In .i, ; ,.'.; ' .': '^' ';i. ,`+`• Pstluon,ot the City of Cls.rw?llr.yyNr . Z' ?:r. '?°I« j C' ,-' ?i :.•= ' to for Validation of 9374 e00 1LirDtetpal" tar': (;? : ,f . Laid newspaper In the issues o! , J s s?rl,..?-959 .................. i r :i:=h ,,,_,,;/ F ir:'' s:'`4:' CarkinCD thilt?hc'atatk rt` 1 !?; j' ;:; t ,?? =a 5, r'•?+;[j, ;?t' .°[•,'r .............................................................. .. .................. ..thtouD?b'tbe-tltata 'ARatngr'o[ ihiitsui 'ti •a`.. E: a'..' `' .'li='ar -;I?r inAl4fa1 Citsult Of said 114te,/an4'1,lba _ S-?.` •'i'• i.?'':.ef,' :?•^j;'i '_' r' tci'' Aiflant further says that the said Clearwater Sun is a newspaper published at rsrerat propeets mrt7arl.+tatWrsrs:and, ?;, .fF.• ,F,j•.- (, -tst ?,-:+t. r ., L c. `, ! Pinellas County. the d newspaper has sluseru at the Cttr.of Clearwater. rior- .' ,,,;•-•.x• ' -, ';, ,few:;^ ';.j-,I, ' ` Clearwater, in said Florida, and that th saljda„ usd others harlns'.r:clalmms•1knY- ? .?*;-" , , I`-L, ":' :;^i'?" )I. ; " I ' F r,; heretofore been continuously published In said Pinell nun y, Florida, each day and rishL out' or Inunsl. in' property to?'be : 3 , ;'. t " i ,,. ",' ''r .':' atpcgd.b the Usuanee<ot-the MTDl.r. .; :.. ,!-„!'''tf'.?-'y hisr,,f- ?{i,:' ;; rl- „ ',; ;,,?r ,•.,._ '-, has boon entered as second class mail matter at t post of ee In Clearwater, In said r' •_•' + ' + ' ;•.r.'•,r' a Pinellas Count Florida, for a eriod of one oazxt re o ? 'i; ,'• =2: ?:..,;." t °' yr P Y P g the first publication of `at i marr*, r rtienlatLi doserrllbid,bof,tor "`-; rY e.'.'w ; ': %i.'.?:.,,f, k5.4 "' ?, u ( the attachud copy of advertisement; and aisle fur, he s s that he has neither paid be ,affected to 'srq.*¦r'ahlrebT.: era' ;C,": ; ;., ,•a ,:4'r'9' "Y`, `.. 4. 1S:"'t•,v `? _'!-',pit.. t'? S % nor promised any parson. liem or eorpor lion y dixCO tfr0bat0, commission or refund 'b0 • hatted.. l0 `, a psee t,DSlOas a.the 1 :. .3%:'. r',,:t : I7Y:r!":?`?t;y tti' ,:.t . ' :v - r F ° ` , ! ; Rv: +c' Clrenlt',M" of Pis/ll.a Omat,ywlnor-li .. ' ' s ,: f' ` ??.` for tile purpose of securing this ad,,,, gem t for btlcatlon in If said newspaper. 146, Ln'Ihe'>lliu?tlu41cta1 CtraYlt o!, faEla, "' r - ' ° ;"" F^]'r' '''`' 'i• - i.' -s 't 'i Ietalatal tba,Caamtyrt30ntt•Roew.ln'tha :r..:.' 1;; " ,ae?1+''?::::I;a',,.. ... YTC , ..... CRY of Claatwflat. *lot7dY: Lt lo'e'abCLL - ",r .:.§.f ;ire: .:a1y?;a, 3 .F`yI a "f ,!N,j: :ti y . !;^gr'tt ':., Sworn to and subscribed before ale 11 A - - ?z x';_, ! i trim . r221?d:. day of ....July....... A. n. 19.59. , }3 r, L (SEAL) Notary Public ?1' - r r j 4r „u:ar/ F'UUIi - . ? ?r . - ,?. q ?t lte of Florida It t ?i MY Commission Exp-rr, Jan. 25, Ir ? ;'fet i ? - "IL. Bonded DY Arnericnn Sl:rnrv r„ r+ N 1. 11 1', "S!?: t.a" ; y:;Yi,?t:I'5.+:„'_,•y:., ,.,,..r wi.... t.' r .t• '?, ,rt ,ti ; ,'+' t`{i,' rte. 43.+;•, J's , f'=;t r';"?'? 4r( .3,°t.? -'•,;', 'y x y"' .t' 'f, Aiia? 4.•"w 4t :t. e:,'Nr.. ..,i.., ,r: d:.,.f:fries,,, Jr4:, ..,..?..- fl %,`: •..,. _,, _._ .., . . ... ra=04 tat14. soo[trr "01 1,P1r1dN Renae?.BOeiai shit olanltNr Vilflll;-Ya.IMAI' 12 a,I'Ve.'"tss;'boli atbs- atrle x1 ehwr ??av i beiSlt."O dttv.?Cl 00e % aft tyGpr ttwasipat',?riatlr+:la' AWMuts aarlotloA ,ro[! wblcttrs??1dA#??SIr9M! 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" Gw .,,t ,:,'-?t- ?t, i '-a:-" Ca• w ,F4.v 'J •r - `A^I`-? M;.};d. ''3.. err' .,•, r:• 'L. .i: ;nx:. .1•. •5.. •E' Sidi} b'd' .f": ,.! th'.fw:'°,<.;, „ Ic .k. •x ' "t•- Y ' l 'A. ,%. ' .J t•T .f n' r ' . t r ' „' t faL? _C` -}'. ''. . f :" : Lr I. .,, , s . 'd:'•` 3 , pain. f "•tr•- q' ' !•. i' i Ce r t<` ,f'• . . rl'. ter ::. •w,.. ,it .F-'..sT r -ti l t • ?:? '[X„ st' :^.`. y > i L :i:. f q, .4 -ti Y 1 b ]' ,r t . j" t f •. ,tt 4 :. s i ..,. '.'•' %X .r,' .d i 3? " : ,. ° i:''i ~ 5{. s„ . 1. r. - 'i' A ? r ar .'S.i :? .r': r. i 1.. R' - r %' { s . S.' `f. !?,. tV ?, a d -,i1 ,. ':f''v`! I 1. .'I ").--'!,e .r t'J• r i' s i1''2• J`.Ya t i '',; ? 1- i {,( .4 z !.. i s ? :,.?-C" 'Y r,?l: e ws, 1:•1. i. _ '?i'. r •.• •' A^ : L: . ", mot.--. :r. . - _S-L i 'n[ 4' ''«1• ,?r sN'.?r. it .,=i' i I d:' r. ••1 .! 'I n a { N lJ. a it-,I, +)3 'f ;' 'i .. ]' ,ice'' ..r'.i k 3"': :'I i :. iSr -, ty:' y, + y 7' 5 r ' 3, 's , f•S. v . I'i .,r, L", a ai' :'o. 1s s?y? r ti.:r.'.' r 4' .L, ':'i''-' yid s. ;E- 11 ,.jr::, .. J"., ..:f, ,? ,. a, 1 v. h nn. ;o wl ..Y -J. - I +t .' 'I'" 1 '.) .i'-. ! ;l t. i" ,:A '.? %r ' ?•S. ° ,; , i , 4 .r: ti. 1 7 r•: sir'.:.', E ' rr p. 'YI}'tpr:rc:? ';.rpj;?,'; "j-J' ;r`:a :Ia.{;. X;S. 4{t:_. ;.?": :1:}•.. ?,':i. ,. , f•. ` ice;':- ; ?:v1''!;j. 13. -p 'i. ;=I ,ti ,.?,..', L.rj_ ;': ,`` -' • , 1,) • Jf?.'•i , f%; r,";,?-q ice; y ._ , :,,;`: `' ,: T Seth water Sun E.; ?Ir "a 4*.1.- ,,;,;ti ;` ,r/" ..'R i'fiFil.;,s ~. "?)' al.':i.. .. F.-•'--.? :.IiJ1; =s: published Daily .-;.z;' .=.; , ,-, r ?,;': r J' ' .+{ `' :: -J''. Clearwater, Pinellas County, Florida :' f ; ;.,,!,:.;', . i Wr a,,'s's i ATE OF FLORIDA ; . ;; s.,: l.::,i:} ,'-'; y :4;, ,, '? ?P ..}+.7' `,:. COUNTY OF PINELLAS: _ S.',. >'';1::s w,'a` '' , p 'C ' °;1`:-i ' :':yam': a 1, 1lefore the undersigned authority personally appeared W. Paul Harris, Who ?_ i,4 j' S ,- j ,:F : w::-1, -,, :' ,1 111. , , r` -, ` -', ,; an oath says that he is the Business Manager of the Clearwater Sun, a daily newspaper ;,;;,;1?,%?:? r'p'c•'-:t+?'f •+' 'i!'%-?::" ;,'!f i ;.,.. i?iF :"'' • ;.4y:;, r fIj„?w'(,•" F I:I. ' -- V . v ?-' M+ f r"''` ublishad at Clearwater !n Pinellas County, Florida. that the attached copy of ;,'f;.:3; ' • r U!.,-, ; =? ' :. t ;:,-'-r! ;,I ..?'-' . i, p fd i,r.,,, °+y>1j:",,!, :j::,.t•.ri;•,,". f', :f. }: ..``,l K•L??`: ,•.* advortlsament. g it, , ifrIr,Tj, 4 r` r,,?.' ,, ".: ' ',; r ?, :, been a .Notice,.of..Passage..of.Ardinance. `,.,:r;•°'"',10 a1i, , j •. 1'`? ,; P,. .F ars..!,{i' It .,t.; ir'+°r 1'., Yj ?•. rr:•, .. ?:~?: i.:'.f''J . '. -, r ':l _ :-.,?_ k?'?..?}, h\,?y?.-r :.i? ' !?.i'c>?,?1'{ Erb{, ?-.:'i, j. ' y,''n'* r;a .................................... . ...... ......... ............ .. In the matter Of NPT1aS O! lAe81C O! fl1ti11NAtiG>;, ,'r? ??!•irts 11.1' .I,,,. " '.:S!'?' S. i ?` , i-`-f;Jj-ishw:`?,,:.L' st.•[- ". Tp?,?/'{ *? pr} "l-enmr?"CZ No: fat;,:+A,lc•a `:r... !.,, pi -; "'dt f t.;, i,4 ?la;,.,i? ?yn:.E.:tyYf u' ..?R !E? QJ ,?1.Q,,,....821 .................................................... AN 4R9[NANC?'! A[IT$QItIBrNa.1rHB -•1•,'!,;; f,,,»,?.v.? ..j: ',,,•I ; .1'. r s: ! i' r '„S• ? ?} ? f47?' iYr = OON8T1lUC77ON•Alrl) ACQtIIAITiDA? ;4':,-,,-:-f":,;;...'. ,` .,4 " .. r ,r. ,? } l{r: r"f ,,,:?'?` 8',•.R,`.PA I% ?. : 'l ,` •,•k,i:er, r `St`'.,, •n` r„r, ... .................................................. . OP'OBY. UMNG.,?'AOLLI •,.!"', , ._ ,;,? ??f.: } 'Vi`i, t :` TZA i ;..j: vl k' r;{': , ? . a5 ',3'iT11 c ,e ., ( T!&a,1N .TIID.G Wp F'i7G{N ' IE WA 1? r'-.:• i,,,., ft: *t . 1PD• AUTt{OItIE ul, t .",sr l1F1NF?iiF?!##iFIFiF1FMIFik1Fi1#94 1M!(?tlFll?l11#tl Court. was published is aPa td7A a uANCa ,: ,F?4, ,l ?:;-y, , .x I '.?t ''; Y ', ?,. j, . „ 4 t the 909 '' 1rVNl NO' " rte, • q / -- #S. in CIYAl. ['AIiICI ,;• . ir„: tii:.:'v° '' .r?.. =1 :-a" NFV1ENUZ BOND %i'S': ;.? :1•' eti.". -t::.•- s r ?,,,? e?pps 8 --,'. rlNwNa>k.,a'Il ,;,T.,.,.}. ,r.' ,. [:-,,_. '?s`:'t..,; "ei ?c v a I ;;,•.y. ;.n;t:e', SQ1d rieWipap y Or In the issues of ..MB',4r? . I,Q .g ............................ COST 1'1fNRCOR: - ...: c i r` r.1.f_t.t« "a: t` , t.., ,r r',?!'-, t ':. 1- . * 4 9 a? . +" a ' PASHM lltOT nICAAIIPO',: AJ1 '`!, f 1 fG- :.. . ` r ,?i : 7 r ' , a, d;' v ? ,. ' .ON sa .,:::y "? i f S',! is . 'L 11_! '.:- a , r? r- .................................................................................... AMl" l1DED "1969. .?,::•-=r ,-„ii.?. ,F.;n. ,i1..s Lii-:`e ;. 4 . 11 i1,3.1f '+r PAa71ND ON NSCOU D RICADINa UW ti } "r?e'•)."" 441,.,,a],: ,;z ,Jljj%"..i : +.? S ?s.• 1969. ?,^' ~i='.• ' ., > 'ir,:}: ' i S[ SxY':?+ "r - r?,la . , , , .s},}?' .. j:Vie; r. 7:1...; s`T,??:'ut . Ar,;; AIflant further says that the said Clearwater Sun is a newspaper published at pwsaED , ONE) z'laiin itrru;;l tt?A? ;=r ":I-.!,'; ;P:,. -,q? Ia,1?3V: "?t(,:; f? ' said nellas ='I' hnrotf?e ,boen onti uiously publlshad is sold ,Plnellas hCounhas tye Florida, each day and R??DINa AN D.'? ylll?ty Uo? „A; f;:a?(a! "e'la!; +IS: f;: r : ?:f V has boon entered Qa second class mail matter at th iflce in Clearwater, in said ???alreiaT3k.x.:a.l. M. . 'r,+; .?,?,;?a?MT14tA',, - ;rl. a ?; i%" k r u Pinellas County, Florida. for Q period oI one year n pr ding the first publication of C1x7c?R l1C,'.j?} ,+ ! , . ,.? 1.?-?- A.4 ' t l •E=r l- "f ;,. , r # the attached copy Of adrertisementt and affian r ¦ that he has neither paid °3 '" a, ?r , , k "° jl! ?. i!- Y"? f'ft(r,at,aS: t, f •,, ;m t?" nor pTpmisdd any p rson, firm or co or ilo di unt, zabate, commiesioa or refund `j ": V-.. j - , -. .-' 1 ? '-t . n ;, ° Rf •; a.:<S,sS-.;??}. t'se- J,,.'1.5ipl!s;;j.is.: . e ' l r S2.( et far thi, purpo ss of securing this adre is publleatlo f the said newspaper. r.' ,, r F ?=,, ?? '. ,?• ' t?,? t "';,; .?::'1...-i 1; . ''" 'in r r a eay 'T'1, ,,?f?i-•,.s `i S } y ES ?;z%lgq;?,- f., , Y!, i,:a''. , -h , Jtia• / ,'iL' r ,, , "I 1 . .L . l/.. .r..:.. !, rye 1,,;b5a-.``t.Y .` +t,'> i{''`, ` j t , q. fi ? '' r !' ....... <t fit ic:tti. ,, ; ':,jlr - a s '! J' _ 'il`I.Yr; r.l^`y;.;: :`•w' t anal subscribed before me ?:?'" } . `¢ S t s 28t'i21day. oft l ?xr'' ? [ ` thi Mai.......... A. a. Ie.59. i~> .. r C 1f r?f?',• t •?.y !FI -try ti{` . y?',. I 111" Notary public, state ui florlda kt lnri;e i, " I'lotwy Public ht Comm•?s!on Cx7 rr.> ion. 25, 1963 t , r 1' f'f iiandad by American 5uteiY Ga. n! H. Y. } ?r 4 `.J I It - i 1*-`y ..E .',r ,'73.. • .. ,1... J {mar/ a} ,.:y! & " aL 1 j 1G--vnv-x^. -%, !'1.1 YT :?s ^ •-I,, --r T ... '! .- - r . ,• . . . - •y a+i;` A;-1 `777-=-.X: 41.E _