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ORDINANCE NOR 1'720
AN ORDINANCE PROVIDING FOR THE ISSUANCE OF
GENERAL OBLIGATION BONDS OF THE CITY OF
CLEARWATER, FLORIDA, NOT TO EXCEED IN THE
AGGREGATE $1,650,00o FOR THE PURPOSE OF
CONSTRUCTING, ACQUIRING AND IMPROVING THE
STORM DRAINAGE FACILITIES IN THE CITY AND
CONTAINING OTHER PROVISIONS RELATING TO
SUCH BONDS; PROVIDING AN EFFECTIVE DATE;
AND PROVIDING FOR PROPER NOTICE OF PROPOSED
ENACTMENT.
BE IT ENACTED BY THE CITY OF CLEARWATER, FLORIDA:
SECTION 1. AUTHORITY FOR THIS ORDINANCE. This Ordinance
is adopted pursuant to chapter 9710, Laws of Florida, Acts of 1923,
as amended and supplemented, and as amended by Ordinance No. 1649 of
the City of Clearwater; Chapter 166, Part II, Florida Statutes;
Sections 100.201, et sag., Florida Statutes; and other applicable
provisions of law.
SECTION 2. FINDINGS. It is hereby found, determined and
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declared as follows, that:
A. It is necessary, desirable, and in the best interest
of the City of Clearwater, Florida (hereinafter called "City), and
its inhabitants that general obligation bonds in an amount not
exceeding $1,650,000 be issued for construction and acquisition of
additions, extensions and improvements to the City's storm drainage
facilities and easement or rights-of-way therefor, not exceeding
$300,000 of which shall be used for Stevenson Creek Basin purposes;
not exceeding $1,000,000 of which shall be used for Downtown Area
Drainage System purposes; and not exceeding $350,000 of which shall
be used for Clearwater Beach drainage system purposes (hereinafter
collectively called the "project"), which amounts are hereby
authorized to be expended for such purposes.
B. The issuance of such general obligation bonds was
approved by a majority of votes cast in a bond election held
August 9, 1977, by the qualified electors of the City in the manner
required by the Constitution and Statutes of the State of Florida.
C. Such general obligation bonds together with all,other
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' outstanding general obligation bond indebtedness of the City, does E.' ..•,t-?,n
not exceed twenty per centum (20%) of the current assessed valuation
art" ??55 of all personal and real property located in the City; and the
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fr' projected debt service on the bonds shall not cause the total
? budgeted expenditures in any fiscal year to exceed the total estimated'
^,l revenue plus any unencumbered funds carried forward from a prior '' =;:.:..
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'? ORDINANCE TO CONSTITUTE CONTRACT
SECTION 3
In considera-
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tion of the acceptance of the bonds authorized to be issued hereunde r
by those who shall hold the same from time to time, this ordinance
M' shall be deemed to be and shall constitute a contract between the YY
City and such holders. The covenants and agreements herein set forth
to be performed by the City shall be for the equal benefit, protec-
tion and security of the legal holders of any and all of such bonds
and the coupons attached thereto, all of which shall be of equal rant:
and without preference, priority or distinction of any of the bonds
or coupons over any other thereof, except as expressly provided
therein and herein.
SECTION 4. AUTHORIZATION OF BONDS. Subject and pursuant 1
to the provisions of this ordinance, bonds of the City to be known
as "General Obligation Bonds", herein sometimes referred to as "Bonds",
are hereby authorized to be issued in the aggregate principal amount
of not exceeding one Million Six Hundred Fifty Thousand Dollars
($1,654,000) for the construction and acquisition of said project.
SECTION 5. DESCRIPTION OF BONDS. The Bonds shall bey'
dated January 1, 1478, shall be numbered consecutively from one x
upward in the order of their maturities; shall be in the denomination;
of $5,000 each; shall bear interest at not exceeding the'maximum 1 1,
legal rate, such interest to be payable semiannually on July 1 and
January 1 of each year, and shall mature serially in numerical
order, lowest numbers first, on the first day of January in the years
and amounts as specified in ordinance 1688, Schedule B, or as fixed
by subsequent resolution of the City prior to sale.
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Such Bonds shall be issued in coupon forms shall be payable
to bearer unless registered as hereinafter provided; shall be payable
with respect to both principal and interest in lawful money of the
United Staten of America, at such bank or banks-to be subsequently
determined by the City Commission prior to the delivery of the Bonds;
and shall bear interest from their date, payable in accordance
with and upon surrender of the appurtenant interest coupons as they
severally mature.
SECTION 6. EXECUTION OF BONDS AND COUPONS. The Bonds
shall be executed in the name of the city by the Mayor-Commissioner
and City Manager and countersigned and attested by the City Clerk, and
its corporate seal or a facsimile thereof shall be affixed thereto or
reproduced thereon. The facsimile signatures of the Mayor-Commissioner,
the City Manager or the City Clerk may be imprinted or reproduced on
the Bonds, provided that at least one signature required to be placed
thereon shall be manually subscribed. In case any officer whose
signature shall appear on any Bonds shall cease to be such officer
before the delivery of such Bonds, such signature or facsimile shall
nevertheless be valid and sufficient for all purposes the same as if
he had remained in office until such delivery. Any Bond may be
signed and sealed on behalf of the City by such person who at the
actual time of the execution of such Bonds shall hold the proper
office with 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 attached to the Bonds shall be authenticated
with the facsimile signatures of any present or future Mayor-
Commissioner, City Manager and City Clerk of the City, and the vali-
dation certificate on the Bonds shall be executed with the facsimile
signatures of the Mayor-Commissioner, City Manager and City Clerk.
The city may adapt and use for such purposes the facsimile signatures
of any persons who shall have been such Mayor-Commissioner, City
Manager and City Clerk at any time on or after the date of the Bonds
notwithstanding that they may have ceased to be such officers at the
time'such Bonds shall be actually delivered.
.Ord. 41720.
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SECTION 7. NEGOTIABILITY AND REGISTRATION. The Bonds
qualities and
issued hereunder shall be, and shall have all of the
incidents of negotiable instruments under the law merchant and the
Laws of the State of Florida, and each successive holder, in accept- -<=
ing any of such Bonds or the coupons appertaining thereto, shall be
conclusive) deemed to have agreed that such Bonds shall be and
have all of the qualities and incidents of negotiable instruments
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under the law merchant and the Laws of the State of Florida ., ,eta' •t?1 NS:?4`5`{a: ??'=7d . , j .
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The Bonds may be registered at the option of the holder
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as to principal only at the office of the City Treasurer as Registrar
or such other Registrar as may be hereafter duly appointed, such
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registration to be noted on the back of the Bonds in the space
provided therefor. After such registration as to principal only, `''
no transfer of the Bonds shall be valid unless made at such office
by written assignment of the registered owner, or by his duly- r;
authorized attorney in a form satisfactory to the Registrar, and
similarly noted on the Bonds, but the Bonds may be discharged from
registration by being in like manner transferred to bearer and
thereupon transferability by-delivery shall be restored. At the
option of the holder, any obligation may thereafter again from time
to time be registered or transferred to bearer as before. Such regi-
stratiun as to principal only shall not affect the negotiability of
the coupons which shall continue to pass by delivery. E
SECTION 6. BONDS, MUTILATED, DESTROYED, STOLEN OR LOST. '
In case any obligation shall become mutilated, or be destroyed,
stolen or lost, the City may in its discretion issue and deliver a
new Bond with all unmatured coupons attached, if any, of like tenor i'
as the Bond and.attached 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
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attached coupons, if any, or in lieu of and substitution for the
Bond and attached coupons, if any, destroyed, stolen or lost, and
upon the holder furnishing the City proof of his ownership thereof
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... ' Ord.'. 10/20/77
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and satisfactory indemnity and complying with such
other reasonable
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regulations and conditions as the City may prescribe and paying such .~'
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expenses as the city may i7rur. All Bonds -and coupons so surrendered r :Ir>yr°'•!ii"'L-''j,!!r.
shall be cancelled by the City Clerk. If any such Bonds or coupons
shall have matured or be about to mature, instead of issuing a sub- ?'1•.°?,•.
stitute Bond or coupon, the City may pay the same, upon being F;:'.•?'`•:';.,
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indemnified as aforesaid, and if such Bond or coupon be lost, stolen
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or destroyed, without surrender thereof. ?
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Any such duplicate Bonds, and coupons issued pursuant to A;?vFr ?3j•`
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 anyone, and
such duplicate Bonds and coupons shall be entitled to equal and pro- j,
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portionate benefits and rights as to lien on and source and security f
for payment from the funds, as hereinafter pledged, to the extent
as all other Bonds and coupons issued hereunder.
SECTION 9. REDMIPTION PROVISIONS. The Bonds shall be
subject to redemPtion? at the option of the CitY, upon such terms
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and conditions as are fixed by subsequent resolution of the City, f
adapted at or
prior to the sale of the Bonds.
Notice of Bonds to be redeemed shall be given not less than
thirty days prior to the redemption date by registered or certified
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mail to banks or trust companies serving as paying agents and by
publication at least once not less than thirty days prior to such
redemption date in a financial newspaper or journal of general 4
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circulation published in the City of New York, New York. t
SECTION 10, FORM OF BONDS AND COUPONS. The Bands, the
interest coupons to be attached thereto, and the certificate of
. validation shall be in substantially the following form, with such
-' 0mi<ssi<ons, insertions and variations as may be necessary and desir-
able and authorized or permitted by this Ordinance or in any subse-
quent resolution adopted prior to the issuance thereof:
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No.
UNITED STATES OF AMERICA
STATE OF FLORIDA
CITY OF CLEARWATER
GENERAL OBLIGATION BOND
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$5,000
KNOW ALL MEN BY THESE PRESET that the City of Clearwater,
Florida (hereinafter called "City"), for value received, hereby
promises to pay to the bearer, or if this Bond be registered, to the
registered holder as herein provided on the first day of ,
19_, the principal sum of
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FIVE THOUSAND DOLLARS
and to pay interest thereon from the date hereof at the rate of
per centum ( %) per annum until
payment of the principal sum, such interest to the maturity hereof'
being payable semiannually on-the first day of and the
first day of in each year upon the presentation and
surrender of the annexed coupons as they severally fall due. Both
principal of and interest on this Bond are payable in lawful, money of
the United States of America at ,
or, at the option of the holder at
This Bond is one of an authorized issue of Bonds in the
aggregate principal amount of $ of like date, tenor and
effect, except as to number, interest rate and date of maturity,
issued to finance the cost of the construction and acquisition of
various municipal improvements in the City of Clearwater, under the
authority of and in full compliance with the Constitution and
Statutes of the State of Florida, including particularly Chapter 9710,
Laws of Florida, Acts of 1923, as amended and supplemented, and as
amended by Ordinance No. 1649 of the City of Clearwater; Chapter 166,
Part II, Florida Statutes; Sections 100.201, et seq., Florida Statutes;
and other applicable provisions of law; and an ordinance duly enacted
by the City on the day of , 1977 (hereinafter called
"Ordinance"), and is subject to all the terms and conditions of such
ordinance.
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-It is hereby certified and recited that all acts, conditions....'
and things required to happen, exist and be performed, precedent to
and in the issuance of this Bond, have happened, exist, and have
been performed in due time, form and manner as required by the"
Constitution and Laws of the State of Florida applicable-thereto,
that the issueof Bonds of which this Bond is a part has been approved
at an,election held in accordance with the constitution and Laws of
Florida in the City on the 9th day of August, 1977; that the total
indebtedness of the City, including the issue of Bonds of which this
Bond is one, does not exceed any constitution, statutory or charter
limitation; and that provision has been duly made for the levy and
collection of a direct annual tax, without limitation as to rate or
amount, upon all taxable property within the City sufficient to pay
the principal of and interest on this Bond as the same shall become,
due, which tax shall be levied and collected at the same time-, and
in the same manner as other ad valorem taxes of the City are assessed,
levied.and collected.
(Insert redemption provisions)
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Notice of such redemption shall, be given in the manner
required by the Resolution.
This Bond, and the coupons appertaining thereto, are and
have all the qualities and incidents of a negotiable instrument under
the law merchant and the Laws of the State of Florida.
This Bond may be'regi.stered as to principal only in
accordance with the provisions endorsed hereon.
IN WITNESS WHEREOF, the City of Clearwater, Florida, has
issued this Bond and has caused the same to be signed by its Mayor-
Commissioner and City Manager and attested and countersigned by its
City Clerk, either manually or with their facsimile signatures, and the
corporate seal of said City or a facsimile thereof to be affixed,
impressed, imprinted, lithographed or reproduced hereon and the
interest coupons-hereto attached to be executed-with the facsimile
signatures of such officers, all, as of the 1st day of January, 1978.
CITY OF CLEARWATER, FLORIDA
(SEAL)
Mayor-commissioners
City Manager
ATTESTED AND COUNTERSIGNED
City Clerk
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Approved as to form, sufficiency
.and correctness
'City Attorney
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FORM OF COUPON
No.
On' the lst day of 19_, the City of
Clearwater, Florida, will pay to the bearer at
or, at the option of the holder at
the amount shown
hereon in lawful money of the United States of America, upon presenta-
tion and surrender of this coupon, being six months' interest then due
on its General Obligation Bond dated , 19 , No.
(SEAL)
CITY OF CLEARWATER, FLORIDA
Mayor-Commissioner
City Manager
ATTESTED AND COUNTERSIGNED'
City clerk
(To be inserted in coupons maturing after callable date:)
"unless the Bond to which this coupon is attached shall have
been previously duly called for prior redemption and payment thereof
duly made or provided for.'"
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VALIDATION CERTIFICATE
This Bond is one of a series of Bonds which were validated
by judgment of the Circuit Court for Pinellas County, Florida,
rendered on the day of , 1977.
Mayor-Commissioner
City C er City Manager
FA'
. L. ,) r s ' ,lu•? '•1't m' , w rr?E.'7J?i'-.:;' .???M? ,*? ?? • +
'?I?5?to rra Ffr. }, +?,y ?i?e. t7ra ?:ljy frv ?:, b111
?: A`ijl.F1?`?.Il? f:,Y`+? ?14i ?f: t'e'i?S f?'}itt+ S
J
PROVISION FOR REGISTRATION
This Bond may be registered as to principal only in the
name of the holder on the books to be kept by the City Treasurer as
Registrar, or such other Registrar as may be hereafter duly
appointed, such registration being noted hereon by such Registrar in
the registration blank below, after which no transfer shall be valid
unless made by written assignment on said books by the registered
holder or. attorney duly authorized and similarly noted in the regis-
tration blank below, but it may be discharged from registration by
being transferred to bearer, after which it shall be transferable by
delivery, but it may be again registered as before. Such registra-
tion shall not restrain.the negotiability of the coupons by delivery.'
DATE OF IN WHOSE NAME SIGNATURE OF
REGISTRATION REGISTERED REGISTRAR
t:.
17.20 rM
_10--
10/20/77 Z ?3
n???: ,?n..t,t? s?,.??`'{. ..}:!. '.11.1. ':1r? .,r ? t r.• ?f•? .?.??'w ?t?•{ 4:,.?.5'il.}E. 4a1?..? r
? * .? ?.f}.'.1???i7a',?t ?''eh?,r;L^,N`3?? a..E., s:??. f : ??, _, ' ,`,t'i'S ('... ?,? :". ..i i';f,. ,?'; r" . ? /, _ i• t,.
?A' jn;}.1j,^ts:• 'SI. ?r' 'irk ?i: I? '=r''. SS'. iyx.f?`?'1? .l.',
P''•?'? .?'' .f'. .?: :1. .E. ••it ,?.5. -. ?ri? j(t ':iY';LIS ?:1
.;?-? ?: 'I??Y, J.i a„ts.r}". r'4.' , Y'`"rl. °I'. .. "_, Ft':' r•,1 ''?rv' ,a
A
i
ti 'tr." S"s?.•`}.•y;??":`+?+:.r. .:mss fSECTION 11. PLEDGE OF FULL FAITH, CREDIT AND TAXING
POWER. For the prompt payment of the principal of and interest on &< 1;;;,?;
'': '
the Bonds, the full faith, credit and taxing power of the City are +''''3s • " ''''`? .F?..........
irrevocably pledged. `?.
SECTION 12. LEVY OF AD VALJREM TAX. There is hereby t' ;E'' : ,'?tt•,`r ;
created a Sinking Fund to be held and administered by the City solely,'
for the purpose of paying the principal of and interest on the Bonds r s.•.,:;.,, ?,?,. ??•
as they become due and any mandatory Sinking Fund Deposits as may be
t•J.z;??,;?;,.?"„"?r.,r?:?.???.:;r?,,,:.
established by subsequent resolution of the City to pay the principal
amounts of the Bonds maturing as provided in Schedule B to Ordinance
No. 1688, as such maturities may be amended at or prior to the sale
of the Bonds. In each year while any of such Bonds are outstanding
4 =r F 'S
there shall be levied and collected a-tax, without limitation as to ?
rate or amount, on all taxable property within the City, sufficient
t
in amount to pay the principal of and interest on such Bonds and '
make any Sinking Fund Deposits as the same shall become due. The r
i?
proceeds of such tax shall be deposited into the Sinking Fund to payee
the principal of and interest on such Bonds and any Sinking Fund
rt
Deposits as the same shall become due. Such tax shall be assessed,
levied and collected in the same manner and at the same time as
other City taxes are assessed, levied and collected.
Moneys on deposit in the Sinking Fund and the Construction azj
Fund may be invested and reinvested in direct obligations of the
United States of America or in time.deposits in banks or trust
companies represented by certificates of deposit and continuously
I ? ^r
secured as required by the Laws of Florida, maturing prior to they;
date on which the moneys therein will be needed.
,i
SECTION 13. APPLICATION OF PROCEEDS OF BONDS. All moneys .'`
Asti
received from the sale of the Bonds shall be deposited by the City
in a special account entitled "Construction Fund" in a bank or
trust company and applied by the city as follows:
A. All accrued interest on such moneys shall be deposited "
in the Sinking Fund.
rd'-'#? 720'
10/20/77 17.
FRI., 7'' TIC .+3'` 5,cr?i ;}la ,t? '' ;!} ?1( :2•?:;.rr? 1. c.! _-, a .. ,..
i3yr.>>?f..•l?.,tr?t'J.4F.. `??'??..ly`S..f? .1'ri', f:. '. ,`?- •` . _;• ? `,. r.
S;?'i.i''i
cu'?
ir'A't... ...
•4
a
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I
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I
S. The City shall next use the moneys in said Construc-
tion Fund to pay all engineering fees, legal fees, fees of financial
advisors, costs of the issuance of the Bonds, and all other similar
costs incurred in connection with the acquisition and construction
of the project and the issuance of the Bonds to finance the
cost thereof.
The balance of the moneys remaining in the Construction
Fund after making all the deposits and payments provided for in
paragraphs A and B above shall be kept separate and apart from all
other accounts of the City, and the moneys on deposit therein shall
be withdrawn, used and applied by the City solely to the payment of
the cost of the project, as hereinabove described and set forth.
If for any reason such proceeds or any part thereof are not necessary
for or are not applied to the payment of such cost, then the unapplied
proceeds shall be deposited by the City in the Sinking Fund. All
such proceeds shall be and constitute trust funds for such purposes.
The holders of the Bonds issued hereunder shall have no
responsibility for the use of the proceeds of said Bonds, and the use
of such Bond proceeds by the City shall in no way affect the rights of
such Bondholders. The City shall be irrevocably obligated to continue
to levy and collect the ad valorem taxes as provided herein and to pay
the principal of and interest on the Bonds notwithstanding any failure
of the City to use and apply such Bond proceeds in the manner provided
herein.
SECTION 14, MODIFICATION OR AMENDMENT. No material
modification or amendment of this Ordinance or of any resolution or
ordinance amendatory hereof or supplemental hereto may be made without
the consent in writing of the holders of two--thirds or more in the
principal amount of the Bonds then outstanding; provided, however,
that no modification or amendment shall permit a change in the maturity
of such Bonds or a reduction in the rate of interest thereon or in
the amount of the principal obligation thereof or affecting the,
--12-
41720` 10/20/77
t i, {
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}t'?'t`t'H:?•, `.il'Ttw:'"''%t.i` '.i' „ - r°?ri' !• Fk? 1` - rte, 3?u.:",.< -?a!T„Fi ??r 4?»
if j, 44t xp+ ?.i r?`r1';?• ?1?wfT1 ..??' ,`??.' .`? „11'? - ? is , :t1. '?^a .?; E,',
r
EY1?1j??.i';: If #' I?rYr77. ?ry!?'Sc g??$2 ?/q.i S, sh-.`r``?a•. 'r'?`_?1t i '` ? .? •tJ ;.r?' }t•k ? .. ?? ? F ?di'.
l cti ??J} ??J,y 3°i?'?'r' Y`r'Ej?''T.? ?sts •. ?',e ?t .. ? ?F ,?„ ?t ? ? t??
tj i? It ?.:.,`g,., i,.?a•?,.SnF???sr7.
. r ;ti.,2.rjMeeVi#kkli?L97ti}YQ'?'?S'ti"wcY.' S
i
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promise of the City to pay the principal of and interest on the Bonds
as the same shall become due from the proceeds of the ad valorem tax
or reduce the percentage of the holders of the Bonds required to
consent to any material modification or amendment hereof without the
consent of the holder or holders of such Bonds.
SECTION 15. ACCOUNTING PRINCIPLES. The cash required to
be accounted for in each of the foregoing funds and accounts established
herein may be deposited in a single bank account, and funds allocated
to the various accounts established herein may be invested in a common
investment pool, provided that adequate accounting records are main-
tained to reflect and control the restricted allocation of the cash on
deposit therein and such investments for the various purposes of such
funds and accounts as herein provided. Investment of funds allocated
to the Sinking Fund may be further restricted by resolution adopted
at or prior to the time of sale of the Bonds.
SECTION 16. DEFEASANCE. If at any time, the City shall
have paid, or shall have made provision for payment of, the principal,
interest, Sinking Fund Deposits and redemption premiums, if any, with
respect to the Bonds, then, and in that event, all covenants and
pledges made in this ordinance in favor of the holders of the Bonds
shall be no longer in effect. For purposes of the preceding sentence,
deposit of sufficient cash and/or direct obligations of the United
States of America or obligations fully guaranteed by the united States
of America ("Federal Securities") or bank certificates of deposit
fully secured as to principal and interest by Federal Securities (or
deposit of any other securities or investments which may be authorized
by law from time to time and sufficient under such law to effect
such a defeasance), none of which permit redemption prior to maturity
at the option of the obligor, in irrevocable trust with a banking
institution or trust company, for the sole benefit of the bondholders
in respect to which such Federal securities or bank certificates of
deposit, shall be considered "provision for payment". The principal
'IF
Ord.] 720' ] 0/20/77.
n ,L ?s,,•:t?.•„„'1 I'?:: ,• _'"r :. iw; ,:y?t':x};i_ .. ? .'?-_ ?f: --. :','l,::.f1;:"yl':'`. .{p?`?ItFi ?r{te?'?..,lr .?.' 7#"',
F O '$'r '''fa:,eyS ?I i•- ?r.;.jr? ,t .?s, ?i !! •?•, - ?'. y' .:??. :f'?.* :? ?S ?` 'S 'r ?$'f'
*•ti er +i.! .f.,??'L!`t,.ti( N'. i11 i•?.:?y.e`?
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?'- w IW ?'f"y d
F ?.Sti =r?!i.(???,?-yp•,?h14i! Yµvi i't`ly. ,I
MY
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of and interest on such Federal Securities or bank certificates of
principal, ,-.. 1".t. `•: y.,•.
deposits shall be sufficient to make timely payment of the
• ii'i' '., .{'.`i'r .?,'?.?'; J?i"'#
interest, Sinking Fund Deposits and redemption premiums, if any, on
1 •'Y ?i .S r?xi f'J?'-.iifY?'????
the outstanding Bonds. Nothing herein shall be deemed to require
the City to call any of the outstanding Bonds for redemption prior
t5 U? •!?t'iri
to maturity pursuant to any applicable optional redemption provisions,
or to impair the discretion of the City in determining
whether to
exercise any such option for early redemption.
SECTION 17. SEVERABILITY OF INVALID PROVISIONS. If anyp
one or more of the covenants, agreements or provisions herein con-
..?
tained shall be held contrary to any express provision of law or
contrary to the policy of express law, though not expressly pro-
hibited, or against public policy, or shall for any reason whatsoever
be held invalid, then such covenants, agreements or provisions shall
be null and void and shall be deemed separable from the remaining
•convenants, agreements or provisions hereof or of the Bonds or
{ I J
coupons issued hereunder.
SECTION 18. SALE OF BONDS. The Bonds shall be issued
and sold in such manner and at such price or prices consistent with
r.k
the Act, all'at one time ar in installments from time to time, as
shall be hereafter determined by the governing body of the City.
T
SECTION 19. VALIDATION AUTHORIZED. The City Attorney is .
.i
e".
authorized and directed to prepare and file proceedings to validate
the Bonds in the manner provided by law. 10
SECTION 20. REPEALING CLAUSE. All Ordinances or parts 4
thereof of the City in conflict with the provisions herein contained ';.
are, to the extent of such conflict, hereby superseded and repealed.
SECTION 21. EFFECTIVE DATE. This Ordinance shall take
effect in the manner provided by law.
SECTION 22. Notice of the proposed enactment of -his
Ordinance has been properly advertised in a newspaper of general
Nt •"h''1. w)
ire. . .
10/20/77
'ems- p ?•.. f. 't.`.. ?.
t
circulation in accordance with Chapter 166.041, Florida statutes.
PASSED ON FIRST READING October 6, 1977
I '? J
PASSED ON SECOND AND `
FINAL READING AND ~f=;?
ADOPTED October 20, 1977 +a.
ADOPTED
' •r'rr
k!:
' C f r
Attest:
F
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CLEARWATER SIM
Publlebod Daily
Clearwater, Pinellas County, Florida r,•;-.,,u•w,.;?„"ry-?+;1"If?",?
IcF w?' STATE Otr FLORIDA
•.?:??1? >?:I ?[??3??•??
COWITT OF PINELLASt .:>' ha,Y'••r ••, , y:, wsf % r.3x,
before the undersigned authority personalty appeared W. Paul Hauls. Who en t
' '1: each says that his It the buolness Manager of the Clearwalar Sun, a dally newspaper
published at Clearwater in Pinellas county, Flaridat that the attached copy e!
'ja rY?t advertisement, being a ...r...0.0??CQ..4TheCity Commisilotto[1hecity ?dl
Roam, Clt
",Ifs;%+? ........ . .. . .. ................. r .... , . r .. , . In the matter of ?• the, Ctifn(lluon M
'"' l'. ; 'Avenue, Cit'IitwflteoFidlt; yfltl
g; rw ?, ?Al
t;; Osdixlarl ce. No._ ].725 . , ...... , . , . • r ....... , r . r • ... , ... , ... , r ..... r . r .. 'Tlriredyl, October Nii :wA.M;N
{ ;Ir ........... . .. r . , ....... . , ...... . ..... r . , ... October 20,'M7, for the 31 0011AMM,
of Ordit an6b No. IM, the d wblch Ili Intel
In ... ... xXxxXxx7tixxatxxx .... . ............. xntftfllt+ was published to i
? AN '0RDINANCE; PROVIDING 91'0RIT_ y ' ,
said newspaper In the Issues of .... O.C.tober. , 3 ,. , X9,7.7.. r ... r ......... r .. r ... ; ' `OF GENERAL OBLIGATION BONDS 11F?
v -' CLEARWATEK 1WRIDA, NOT TO EXCEI
:Y f t ,'A'tit]RWATE $1.1130 000 FOR THE PURM
."Tat,` f4i? Aftiant lutther says that the said Clearwater Burk is a newspaper published at s: '19TR[1CTIxI?i?' t?IR1Nfl?AtYT!?40'
N?=FACIT+?'1`I1I;S'IN''TNffi
4' 1{ a Clearwater. In sold Pinellas County, Florida, and that the said newspaper has ?OR14I _DRM
i " r' F`;•"!'
s i rx_rr y ;= {Ti heretofore been continuously published In sold Pinellas county, Florida, each day and CONTAINING -OTHFFR'+PROVMI0 S'!REL
has been entered as sacond class mail mallet at the post office In Clearwater, in said SUC" PROVIDIAIG,M I£C'1'1
p•1. Siry`y1 a.'.
%•o;?;iClity?.. F ;_,Y'.;' Pinellas County, Florida. for a period of one year next preceding the fiat public on of " 'AND) PROVIDfIN07HR"PROPER. XMC1
`y?,k ::; y?• ;ti,?° le.': a'-• +r' the attached copy of advertisement, and afllant further says 1 e as nail r paid PW?.a. / SED 'E{? /Y,?{r?1?}rr,
•fi4.Al.i4"r`isill.3i:l..y.,?.4i?{,1Jild?.?..?, i.'••NAMiJ7li'+f\i,.F?..+•..
nas promised any poison, firm or corporation any discount, a, c missl refund ' f•- k
Copfes'ottbe MqMW
dl,dltllul`ce If1iy b?'i
for the purpose of seruring this advertisement for pub c on a wooer.
<YiM ':F F k, r; I!C fit the' OI ce tiP, the'CIty, AUbft ay` M&
Dity Hall,:Ilx S: 0s¢+e6WMent*;',Cldtrt? W,
iii' ? t,}p?r} rJp x }? 3. • to satdttnle'tW d attfl."r,5,rf
?'' , ? . r , JYY "tI ?1 ?Ihoae pCiltOfLt ifltlTt Cft 1f4?y b! rAp7? (01,
Sworn to and subscrtlied before me ht81dth fY9pECt tb >
,"47,1 '??:? ,'< •'' City aG?i"'I»II
4
,' 3 ci? ,ri., this .. da of A.D. 1! (I.` Whlt3'?i
? s? 3i:d ref C• s?. 77
L ?. a. Oct. 3 4 ,• . t.t',;: ;. We
1's
(SCALi Notary Public
W, '7
t° _.. CS-309
t?
CLEA,RWATE7i Suv
Publlshad Holler
Clearwalot, Pinellas County, Fl-•ida
^TATE OF FLORIDA
COVNTY OF PINELLASt
Were the undarsigned authority panoaally oppearod W. Paul }yards, who on
oath says that he Is the business Manager of the Cionrwater Sun, a daily newspaper
published at Clearwater In Pinellas County. FIotida: that the attached Copy of
advertisement, belnO a .....N?t Gg, 4 , Pa:3sage„O Ozdlna 0 ,,,••
.• • •...... OxclxnanC ...................'.. , . In the matter of
....,.... .. ..`?..N°......... 0 . ............. ..... ... .............. .
i ' .. • .. ? ? ''? ............ was published In
sald newspaper in film icouss at OctOb@1• 25, ] 917 ....... . ...............
Affiamt further says that the sold Clearwater Sun is a newspaper published at
Clearwater, in -aid Pinellas County, Florida. and that the said newspaper has
heretofore been continuously published In said Pinellas County, Florida. each day and
has been entered as second class mall matter at the post office In Clearwater, in said
Pinellas County, Florida, for a period of one year next preceding the first publication of
'ha attached copy of advartlsemont, and affiant further aays_" he has neither paid
now promised any person, firm or corporation any dlscount, sba! commiss n or refund
for the purpose of socuring this advertisement for pu a Win 1ha newspaper.
..........
Passag
a ?fJf*;n?r?i?a?ce
• ;? :,•. ,; =.Y. ,.'
t ,:;'Ol`?DZIYANCE:?y,0.?172b ••=r; ;?,,<..,
x. ,
t.. e,}$ .' .... , 1 A. Cyr
. AW'611DINANCE PROVII?II'd`!"O r1"I E' ISStIAI!!
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