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1760¦ , . O FR. ORDINANCE NO. 1760 V AN ORDINANCE AUTHORIZING THE REFUNDING OF CERTAIN PRESENTLY OUTSTANDING REVENUE OBLIGATIONS OF THE CITY OF CLEARWATER, FLORIDA; PROVIDING FOR THE ISSUANCE OF NOT EXCEEDING $24, 000, 000 SPECIAL OBLIGATION BONDS, SERIES 1978-A, OF THE CITY TO BE APPLIED TO REFUND THE PRINCIPAL, INTEREST AND REDEMPTION PREMIUMS IN RESPECT TO SUCH PRESENTLY OUTSTANDING OBLIGATIONS; PROVIDING FOR THE PAY- MENT OF THE REFUNDING BONDS FROM ESCROW DEPOSIT INCOME AND TO MAKING CERTAIN COVENANTS AND AGREEMENTS IN CONNECTION THEREWITH; PROVIDING FOR THE SEPARABILITY OF THE PROVISIONS HEREOF; PROVIDING FOR PROPER NOTICE OF PROPOSED ENACT- MENT; AND PROVIDING AN EFFECTIVE DATE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF CLEARWATER, FLORIDA; SECTION 1. AUTHORITY FOR THIS ORDINANCE. This ordinance is adopted pursuant to the provisions of Chapter 166, Part II, Florida Statutes, and other applicable provisions of law. SECTION Z. DEFINITIONS. Unless the context otherewise requires, the terms defined in this section shall have the meanings specified in this section. Words importing singular number shall include the plural number in each case and vice versa, and words importing persons shall include firma and corporations. A. "Issuer" shall mean the City of Clearwater, Florida. B. "Act" shall mean Chapter 166, Part II, Florida Statutes, and other applicable provisions of law. r C. "Special Bonds" shall mean the 124, 000, 000 Special Obligation Bonds, Series 1978A, herein authorized to be issued under the terms, conditions and limitations contained herein. D. "Holder of Special Bonds" or "Bondholders" or any similar term shall mean any person who shall be the bearer or owner of any out- standing Special Bond or Bonds registered to bearer or not registered, or the registered owner of any such Special Bond or Bonds which shall at the time be registered other than to bearer. E. "Refunded Bonds" means collectively the outstanding certificates rr of the following issues of bonds of the Issuer: (1) Utility Revenue Certificates, Series of 1955; :,;,}?•;',. : Ox • 'd'='# 760 - - -1?- , .° 1 2/21/7rg° ' '+` :,!-L1•f: ??trc'?,o?:'. ire. ?i,`?µ ? !. .. ? "' wryr'i d?? :?r•. r<. f'''?; `?;??r'+_ .' '?F?t. 'i ^? ^?S'?. Y.` 1S[!? n }}?t St1 ?7 y fr*..li,r., ,', ;; i3• A irJ.??h?J .. .{?,_ ?' _ :c, .r\`,.'1r F`..- < f• .f, ,r. .,?t^,`,-?; j ,„a ar. w r??: ?? :??Sc.' ?'ri?: '? ?"`'? .. '? ? •' "i ? ?i.: l.f i'? •?I?"a4f:,j'f?S' 2? r ?{^.Ft„ .3f. \`:.t p_- F Yv..' !"yyyy? F7:: e? .;ir Sys. .'r r F.. ;i max' ? ??. ?,?-r..e .,? ??" ,. •t .•??? • ,® ,..,ar• „?.-..?.??'?; rte. t Mg ' '31.':`3-t•, .:'f:1tlAMi T.Y+;?,9k?"rt',.`'i,l",.v3ii`r'-lA }J ". ?•P71}hi.N•vY`nf:?iY i ` W } k! 0 0- (2) Utility Revenue Certificates, Series'of 1956= (3) Utility Revenue Certificates, Series of 1959; K,. .? (4) Utility Revenue Certificates, Series of 1960; '.t;: • s4 .r (5) Utility Revenue Certificates, Series of 1962; (6) Utility Revenue Certificates, Series of 1964; t' (7) Utility Revenue Certificates, Series of 19S; (8) Utility Revenue Certificates, Series of 1967; (9) Utility Revenue Certificates, Series of 1969; 1?4 (10) utility Revenue Certificates, Series of 1972; and (11) Utility Revenue Certificates Series of 1975 F. "Utility Revenue Bonds" shall. mean the Utility Revenue Bonds, 'F?y}c4'(.? ?? j ?t r?'••.t?'yf? ?i{• KR•?c{ S Series 1978 authorized to be issued pursuant to separate ordinance r J ?+?3r•ih .E . of the Issuer of even date herewith (the "1978 ordinance"), and to be issued'simultaneously with the Special Bonds. ka'=`,'rf=ti' G. "Escrow Deposit Agreement" means that certain Escrow Deposit F•?, •;hti^;4ti Agreement by and between the Issuer and a bank or trust company (the "Escrow Holder") to be selected and named by the Issuer prior to the ` ' ?„ ,° ti •,,? delivery of the Utility Revenue Bonds, which agreement shall be in :y 1; substantially the farm attached as Exhibit A to the 2978 ordinance and incorporated herein by reference. }}{5yy p ' ? at4} H. "Escrow Deposit Income" shall mean all interest and other ?<Ti'k r l t w 1' ? ??? income derived from the investment of funds under and pursuant to the .? Escrow Deposit Agreement, and, after provision for payment of the Total Debt Service (as defined in the Escrow Deposit Agreement) on the {' x• ?-yyF Refunded Bonds, any excess cash and principal held in the Principal Account created under the Escrow Deposit Agreement. t I. "Federal Securities." shall mean direct obligations of, or obligations fully guaranteed as to principal and interest by, the United States of America, not redeemable at the option of the obligor. J. "Fiscal year" shall mean the period commencing on October 1 of each year and ending on the succeeding September 30 or such other annual period as may be prescribed by law from time to time for the [ ,. Issuer. SECTION. FINDINGS. The Issuer hereby readopts and incorpo- rates herein: by reference the findings matte in Paragraphs D, E and H Ord',.#1760',' + -•r-.? A?! ! 4 .3 ? 1 [ ~ S • ,t!{ ? ? f?^??3}?•{?[1{;?'t.l ?. [•, ?. jr j` _ _?•i.l ?` ? t i ?5 `' . ?j. . , - dAMMM?ILMK 2/21/78 s. ryf 1 h ,j i? i ?£Y h 1`3 ,k,' rl:,•;,- ,i.. x.:,., :i,:r't; «::<.ii;`,yarz::r€?;a'r?c°'g'nr,'ri'?;1?"r?rf. •?rti+v WX of Section 3 of the 1973 ordinance of the Issuer. It is further found, determined and declared as follows, that: A. The-Issuer will derive income from the investment of moneys to be deposited in escrow pursuant to the Escrow Deposit Agreement Rl i described in the 1978 Ordinance. Such moneys and the income f, . i?• therefrom, as defined herein as "Escrow Deposit Income", are not now F„ pledged or encumbered in any manner. l• B. The principal of and interest: on the Special Bonds and all ?w other payments provided for will, be payable solely from the Escrow Deposit income? as herein defined and provided, and such Escrow De- 1 posit income will be sufficient for such purposes. :r C. The Issuer will never be required by the holders of the G Special. Bonds to levy ad valorem takes an any property within the I; E? Issuer to pay the principal of or interest on the Special. Bonds or to make any of the reserve, sinking fund or other payments provided for in this ordinance, and the Special Bonds shall not constitute a lien upon any of the properties of the Issuer, except upon the Escrow Deposit Income in the manner provided herein. SECTION 4. ORDINANCE TO CONSTITUTE CONTRACT. In consideration a` . iof the acceptance of the Special Bonds authorized to be issued hereunder by those who shall hold the same from time to time, this ordinance fi shall be deemed to be and shall constitute a contract between the Issuer and such holders. The covenants and agreements herein set . forth to be performed by the Issuer shall be for the equal benefit, f protection and security of the legal holders of any and all of such Special Bonds and the coupons attached thereto, all of which shall be of equal rank and without preference, priority or distinction of any of the Special Bonds or coupons over any other thereof, except as expressly provided therein and herein. SECTION 5. AUTHORIZATION OF REFUNDING. The refunding of the Refunded Bonds is hereby authorized in accordance with applicable law and the provisions of this ordinance and the 1978 Ordinance. i SECTION 6. AUTHORIZATION OF BONDS. For the purpose of financing part of the cost of the refunding herein authorized, and subject and pursuant to the provisions of this ordinance, obligations of the Issuer to be known as "Special Obligation Bonds, Series 197SA" are E 't Ord. 4176W)" -3- 2/ 21/78 t .a a ¦ . ,•.y .?i? .?,. ,.r ..th " ; F`B."t ? YL -+;r?'.5???,4. ?' ??? ytt?3• r3K?. d?;? ;? ?` °.?.., s i ?`'` it,?r ,• ?s? 4`]?,?p?. i'? 4 ?'?. ?'?"?ip?; ? x. ? ?'L ??K. r L r?,?t Y LF : Ia Y "? s ..l,f,n.a.. L •y+ ?ir7?.?!?'{t a;?.3"erl.;z,ari?M4 ?. lti?.• ?` ? r c': ? l? },i'?a't?,r•?f{„;47?1',' .+,' ! •?;. ?';?fi'i ai, ?r-i;. i. , • t" ^+Y ''s xf LL ?b-?i kr ff , ? t°. ??:. +.;n»y: I• ••???i.ji ::?s?Fy. ? I . ?'•'k ', + i.'•? ?"?' } ??,C '1 a.y?.+l ds S.3L a.t•" .y. yyo'? w.# y3' T?. ^ry ..j i .+,i7?1::} '-y.. 4.+ t r ..:t' "?.; '.iKS }s.a" c °> ,,i b. ?.'kt'?"? '' Fy; ]'.'yr p? I ?• c M a. y'. Iti. ,i.:F T 1 , e.. `, Y .,e•' ,S?'-?•. ?,?r"sr.• 1 . ?+'d, :i ''' 1'. , ?,. 4`>>,? .+ yty':v .S3 sr. ''•.i'M?, Y?,{. t. :>.` w' .ti;"R' ,??+. ?a " yy,,c.? ?'r (?'•"?; t .?:'- 1:]?,; `' ,"i :r"s'•° ,•r 3?fL < `',c °'. '??>• ? a" ?. Y??= -?%F r' C? J'iS; ?.1 ,i k ?5.c„ : •J .. .a. ?; r?.- "_ i,.;',. .1:,.. ?: .'',"' •{??`?:' r s`?'IFi?d .?: ? ,,rl •?'°?s '?. `t . # i'. ` ' • I -?. ; i ,., ;T:'?+ •aP+r.?n'eSri ?: r. ? j .• Y, t'. ?et?elJ.?ai'ialiraiiawMr A hereby authorized to be issued in the aggregate principal amount of ?t not exceeding Twenty-four'Million Dollars ($24 1000,000) . SECTIO14 7. DESCRIPTION OF BONDS. The Special Bonds shall be in 1r=. l..,rr r ` . the denomination of $5,000 each or multiples thereof and shall be dated; shall be numbered; shall bear interest at not exceeding the F?f"M1.4i14»„? maximum rate authorized by the Act, payable on such dates, and shall mature on such dates and in such years, and amounts, all as are fixed by resolution of the Issuer adopted at or prior to the sale of the Special Bonds. The Special Bonds shall be issued in coupon form; shall be payable with respect to both principal and interest at such bank or banks to be determined by the Issuer prior to the delivery of the Special Bonds, 1cr'k : shall be payable in lawful money of the United States of America; and ~6 shall bear interest from such date, but not earlier than the date of z_?7w=w;' the Special Bonds, as is fixed by resolution of the Issuer adopted at r,> or prior to the sale of the Special Bonds, payable in accordance with x.:5 and upon surrender of the appurtenant interest coupons as they k jr severally mature. ry4> SECTION S. EXECUTION OF BONDS AND COUPONS. The Special Bonds rr..tk% shall, be executed in the name of the Issuer by the Mayor-Commissioner ,r ? rils r, y i 1• , and City Manager and shall be attested by the City Clerk of the "M Issuer, and approved as to form, sufficiency and correctness by the City Attorney, either manually or with his facsimile signature and T. its corporate seal or a facsimile thereof shall be affixed thereto or reproduced thereon. The facsimile signatures of the MaYor- ??i?.•r?? Commissioner, City Manager and City Clerk may be imprinted or reproduced M?3 on the Special Bonds, provided that at least one signature required t. to be placed thereon shall be manually subscribed. In case any f ` officer whose signature shall appear on any of the Special. Bonds ??p?•, shall cease to be such officer before the delivery of the Special 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. The Special Bonds may be signed and sealed on behalf of the,Issuer by such person who at the actual time of execution of the Special Bonds shall hold the proper office with the 'Issuer, although at the date of the Special Bonds such person may not have held such office or may not have been so authorized. ??? } ?;;? -'' a: _.;;' . ' +, ' , e• r-A ? 2/21/78 0 x! •'.! ; , r4• ?,r J•? v?'r' Fri. .:. qtr` . «•'}+ ?* \... i.°(a 'e ' 1? ,L • , . 1 . ,} 't J., f ? +.?,yf• .e ? r ii s.. 1 1 i 14 3Y .1• i, } .. =i¢? • ?'"?;r`' r,?,i,7,`aa" k ?:? ?iY'11Y.e?•.:iF i•li"7?,; • }.. l4sS 1i`.?N Ate" .F' i'ri IY- LL=? inn : c? r{' u.., ?t i ?? ?;?iY]'ty t%..S???f r, ?k:?°Ii;N :"t ?;:U.f.. ? •r?it"Y' IY, _:? "?df T .?. ty;f : >??a, ?,} ?1'ray` ???1.1:Is''??`? k 4 Y,?rof? tr?a?? ''.??R 7"w?' 'row ' 44y?fk'?1'<i:F ?x'°; v;•';.' 1.° '.?r :4C?.%? `?x• 'si?:I^, ..i•?„ 1?xF ? E. A??j;,?;rr, ?t.'? ?,?Y?,?;a+` p •r?3 j,?;?'. +<.r 7'• r r ? ` ,c ? r s a?'?H±?'iaS.t?Y:,?,:.,?1?cF',V• C The coupons attached to the Special Bonds shall be authenticated with the facsimile signatures of any present or future Mayor- Commissioner and City Manager of the Issuer, attested by the facsimile signature of any present or future City Clerk, of the Issuer, and the validation certificate on the Special Bonds shall be executed with r=+T, the facsimile signature of the MayorCommissioner. The coupons may ??ax be sealed by the imprinting thereon of the word ("Seal") . The Issuer may y adopt and use for such purposes the facsimile signatures A a'i of any persons who shall have held such offices at any time on or Spry;, ya ?}:'",•, after the date of adoption of this ordinance notwithstanding that they may have ceased to be such officers at the time the Special Bonds shall be actually delivered. SECTION 9. NEGOTIABILITY AND REGISTRATIONS. The Special Bonds 'Fj1yfS•, issued hereunder shall be, and shall have all of the qualities and incidents of negotiable instruments under the law merchant and the laws of the State of-Florida, and each successive holder, in accepting any of the Special Bonds or the coupons appertaining thereto, shall be conclusively deemed to have agreed that such special Bonds shall be and have all of the qualities and incidents of negotiable instruments under the law merchant and the laws of the State of Florida. The Special Bonds may be registered, at the option of the holder, as to principal only, on the books of the Issuer at the office of the City Treasurer, as Registrar, or such subtitute Registrar as may hereafter be duly appointed, such registration to be noted on the back of the Special Bonds in the space provided therefor. After such registration as to principal only, no transfer of the Special Bonds shall, be valid unless made at such office by written assignment of the registered owner or by his duly authorized agent or representative in a form satisfactory to the Registrar, and similarly noted on the Special Bonds, but the special Bonds may be discharged from registration by-being in like manner transferred to bearer, and thereupon trans- , ferability by delivery shall be restored. At the option of the holder, the Special. Bonds may thereafter again from time 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 continue to pass by delivery. The Issuer may make a reasonable charge for every such transfer sufficient to reimburse it Ord 1.:7.60 2/21/78 MMUMMM Y 77 w a F v:h.,.i ?, ?.x??;f•~;Yy???JJll?y?: •. Vie.: r ?. ty yr? }`f 7 t? Ai"I] ,.- ,r " ";- '? t:. - ? ""• 'kin: ',?'. ? `'"-: _: '. ?r rf jj .,, r t. a" •.. _....?: •, ai:i. •?. li:i. ^. a;ixe'.'?l 'i*"s; .,.- :iF?•?,._`.tiic_?%??s•n•,:.?e'G.=s'???i]S.?.Cf?1.949?3':'?.1'.,i.??`fl'.??i:+a q 0 Y? t' 1 4W !Y: ,,.. j •k??'tti'.?t:t?,rs?C?3R?r yrR,x .F?„ 1,,..5 ?, '.?7;'^'?""? ???? .. .. ? "'=l?ILL ;1'?,'• lr.?', _ :R It '#:5..r+f. 'S"` ?'''.' ?i.'!• _t.r ,?i`r<. '` t'? ,'S,. ;,l" }. :;`; ` •rZ RIM s Qr?w't ' •`4Fet?' - - - 0.1 for any expenses incurred by it= provided, however, that no charge shall be made by the issuer for the first transfer of any Special Bond from bearer to the registered owner and for the first reconversion from the registered owner to bearer. SECTION 10. BONDS MUTILATED, DESTROYED, STOLEN OR LOST. In case any Special Bond•shall become mutilated, or be destroyed, stolen Z. ? bFlr- or lost, the issuer may in its discretion issue and deliver a new Special Bond with all unmatured coupons attached of like tenor as the ,Sfilf [? y?. t .Y;i•.? ?$LS.'?;; Special Bond and attached coupons, if any, so mutilated: destroyed, stolen or lost, in exchange and substitution for such mutilated Special Bond upon surrender and cancellation of such mutilated Special Bond and attached coupons, if any, or in lieu of and substitution for the Special.Bond and attached coupons, if any, destroyed, stolen or lost, and upon the holder furnishing the issuer proof of his ownership thereof and satisfactory indemnity and complying with t such other reasonable regulations and conditions as the issuer may 4+ prescribe and paying such expenses as the issuer may incur. All ' Special Bonds and coupons so surrendered shall be cancelled by the i AM, City Treasurer of the Issuer. If any of the Special Bonds or coupons shall have matured or be about to mature instead of issuing a substitute Special Bond or coupon, the Issuer may pay the same, upon being indemnified as aforesaid, and if such Special Bond or coupon be lost, stolen or destroyed, without surrender thereof. Any such duplicate Special Bonds and coupons issued pursuant to this section shall constitute original, additional contractual. ' obligations on the part of the Issuer whether or not the lost, •? stolen or destroyed Special Bonds or coupons be at any.ti.me found by anyone, and such duplicate Special Bonds and coupons shall be entitled .?'M4 to equal and proportionate benefits and rights as to lien on and . source and security for payment from the funds, as hereinafter pledged, to the same extent as all other Special Bonds and coupons issued hereunder. SECTION 11. PROVISIONS FOR REDEMPTION. The Special Bonds shall not be subject to redemption prior to their maturity. SECTION 12. FORM OF BONDS AND COUPONS. The text of the Specia] ,Bonds, the interest coupons and the certificate of validation shall be in.substantially the following form, with such omissions, inser- r?rr 40 41 40 ? IAU tions and:variations,as may be necessary and desirable and authorized :and permitted by this ordinance or by any subsequent.ordinance or resolution adopted prior to the issuance thereof: . ? • ' fir'' ? ?; ' .,r?. z,.rryT ' i?+ irf f'e Y(s????..'..?!,i?: +?5ir??>'. ,e .': ., •r' l? 1 e . =T°i ?1 ..i1? ?jf:. TTSY hr ?{L'k x?ri?s i• 1•"•]. IY' .,'.3 •? 'f:,l':r .t k. .?' vt. -ir .\ ri •t ?w. n 1: Sim+''1'. l d+ r.f'? ??. + •k r 1 R ..+ .fy_j'?s.fr'^ "'j{?44 ','?:,.?{'..???! 7'' ?+'•.rc• ,L'.S?'.i;r--: ,.,ti .•r ?,l?.., ;1 ?;f• ?.}' ?X' .r§ e ,l.r?' [ ;r ???.. ..71s?,fr,?y a: "?S ?h. yrt'. ,1`?' ??[. ', ?'!'?' +c t_.'?: •.° .?????? .. ? - sE?'t :d ii' k??"`?„??a??? _?x r y.y„ r;?r- .'J;y?•' !°-'•t =,.+? • ' ?',:?::?- t ,t • •? . ?'; 3 . • .F ,". ??' 3i0rid• .?1''?60;:: ''r L •.Ya riG a.i. :i':, a^ ??? .7. ',' r i? ,h, J,9l'_. ,1, ?,. ';r y?.?Ft . ?: v:'R ?.`pE Sr : 1.,'.;. r$•. • 4.. ',i:• ..•[ .y' • 2. 31?'r. Al 4 ?,. 1.:' !'37?i?.-?L??->r f' .`ors .?nri'?`?:??+y ?:??..??.?. i.?,F'•r",• .Y^t` r, ,? g ?d.• i . y ?.s- r<!.'.:1 y'•?? : ; Yr. J.' S .. '.1 ? ? r - .. a ,? '?T ?t . • •r °?t? i)ti?? ,ir:- ? . ?i r?. .+3:?:L.. i'? .?1' 6r •'ryi?, .S..M;-' TG?'? t ;? 1. b 5 , '• '.i`;"' x`' -r 4 a. ;?? fir. ?i ) 7 •yr,?r ?? } ?t?•; ?.., r ..?"'! .,aj.;ut'• }q?'"?., ?? ?i° R •_R.? i,.•..? ? r: e, •? . ?f .r:`??: ,):1? ;? r''t ? it.. _.t7-L?-. '?q• i?1.;: J? + it...e r " r t??s?' .} ?'; wr'r;:^ 7?,z-ia. wai: 7r, ! ,s >?.? .ri?C` a ?.o.. ?.,• ? q!,?r'1 "r> -•4 ?'i'? rr?; 'rr s { if &?:;;', t;,- ?:;';:??.?: t::? ?. ...?'+,: ? r*u.hr '? ;3^?r tt, •.,,s ?t .r: -?.,,,:.?_?.?>:,..? ? ..,;„°' `?, .?.:". ? ?' s? {', re Fj L?'yr ?.i?° rT Y. 'i'• L'.w A i''. 'e,:?, r,p ?.s(._ i,t:..' Y .f•i?.?L ^e45. .r ??. aq?. 1?: tYt,.? i<. +?:arl?y, .,?j•'',,..'?r.'.S' 1.?N :s;FtS..?ilei;?r ?(a .3.r_.r•.,?:[t,i?r'S "?' ?r.I-': ;1?;'.??e •?,??. y?: t i h,..Tpp??? ??• fi ?,i=? ,. .`r::r :?;? .s1- ., ..' ?.?:..fa?. ri• .. .. ?'r?..i. .,rt' ° •:}??1' •:a'?= r?' :,i '.t '4r .S; few' w`M1 "iii ' ; El =4 No. UNITED STATES OF AMERICA STATE OF FLORIDA COUNTY OF PINELLAS CITY OF CLEARWATER SPECIAL OBLIGATION BOND, SERIES 1978A RYdt?' $5,000 KNOW ALL MEN BY THESE PRESENTS, that the City of Clearwater, Florida (hereinafter called "City"), for value received, hereby promises to pay to the bearer hereof or, if this Bond be registered to-the registered holder, as herein provided, on the lst day of , from the special funds hereinafter mentioned the princi- pal sum of FIVE THOUSAND DOLLARS with interest thereon at the rate of per centum per annum (-%), payable on and semiannually thereafter on 1, and 1 of 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 the or at the option of the holder, at This Bond is one of an authorized issue of bonds in the aggre- gate principal amount of $24,000.000 of like date, tenon and effect, except as to number, maturity and interest rate, issued to, finance a part of the cost of refunding all of the City's outstanding Utility Revenue Certificates, Series of 1955, 1956, 1959, 1960, 1962, 1964, 1965, 1967, 1969, 1972 and 1975, pursuant to the authority of and in full compliance with the Constitution and Statutes of the State of Florida, including particularly Chapter 166, Part II, Florida Statutes, and other applicable provisions of law, and ordinance No. , duly enacted by the City on 1978, as supplemented (hereinafter collectively called "Ordinance"), and is subject to all the terms and conditions of such Ordinance. This Bond and the coupons appertaining thereto are payable solely from and secured by a pledge of and a first lien upon certain escrow deposit income in the manner described in the ordinance and . the Escrow DepGsit Agreement between the City of Clearwater and ,.toid,: X1760 .c ? ?;.?,'-f .:??H 1F _--,-..-",t,.;"_-- . ,:t': , t.' -r f Pei f .,fr , eyes;+;?' ? . i• dated as of 2/21/7$. f tj'3??11l:Y?i'd?•?IF/sdlt£`3??:.. , 1 , 4 { s? F M ? 1978. Reference is made to the Ordinance and the Escrow Deposit Agreement for the provisions, among others, relating to the terms, lien and security for the Bonds, the custody and application of the proceeds of the Bonds, the rights and remedies of the holders of the Bonds and the rights,.duties and obligations of the City. This Bond does not constitute an indebtedness of the City within the meaning of any constitutional or statutory provision or limitation of indebtedness, and it is expressly agreed by the holders of this Bond and of the coupons appertaining thereto that such holders shall never have the right, directly or indirectly, to require or compel, the exercise of the ad valorem taxing power of the City for the payment of the principal of and interest on this Bond or the making of any sinking fund, reserve or other payments provided for in the Ordinance authorizing this issue of Bonds. It is further agreed between the City and, the holder of this Bond that this Bond and the obligation evidenced thereby shall not con- stitute a lien upon any property of or in the City, but-shall con- stitute a lien only on the escrow deposit income in the manner pro- vided by the Ordinance. 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. The City has entered into certain further covenants with the holders of the Bands of this issue for the terms of which reference is made to the Ordinance. It is hereby certified and recited that all acts, conditions and things required 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 due form and time as required by the Con- stitution of the State of Florida and the laws and regulations of such State and of the United States of America applicable thereto, and that the issuance of this Bond and of the issue of Bonds of which this Bond is one, does-not violate any constitutional, or statutory limitation. This Bond may be registered as to principal only in accordance ?I 'F Ord.: ,.#1766 , 77 ?71M 777 717 1 ??fl?;'L n:rri,krl{?',.Zi-•ixS'.{".:i :'rf:.j.s?•.'c 'j;,: -::.tY •l? i ?. :.b` .'?i :;•t :rryr; M1•s,a JI, '•N?.'?t\, •i:„''_ r ' -9- 2/21/78 i ?'? , f» Ptwl 'Rft?plSSl' ,• • •._' ? r :'?'•?El'° ?.`: a`rt' - e, 5 ¦ •0 ? h 1 ' with tha provisions endorsed hereon. ?I ' IN WITNESS WHEREOF, the City of Clearwater, Florida, has issued it this Bond and has caused the same to be executed by the manual or facsimile signature of its Mayor-Commissioner an d City Manager and I 'x , attested by the manual, or facsimile signature of its City Clerk and •. its corporate seal or a facsimile thereof to be affixed, impressed, a imprinted, lighographed or reproduced hereon and has caused the interest coupons hereto attached to be executed with the facsimile jYS• '? 4F i signatures of such officers, all as of the first day of j , 1 r?.'' 1978. CITY OF CLEARWATER, FLORIDA (SEAL) ATTEST: City Clerk Mayor-Commissioner City Manager Approved as to form, sufficiency and correctness: City Attorney FORM OF COUPONS No. $ On the first day of , 19-, the City of Clearwater, Florida, promises to pay to bearer at the or, at the option of the holder, at from the special funds described in the Bond to which this coupon is attached, the amount shown hereon, in lawful money of the United States of America, upon presentation and surrender of this coupon, being interest then 4 oxd1176Q _ 2/21/79 #!v? .?l?l.^ .4 i I.°• ,"? ` > ITT MI-7,114, .. ' `i. _ p a t' • ! i<. . S ?'? 3 \?.1 • ' ' maq '?,L'i1k?{.'?:.':;q.'.?J'tr ?:3: J. ',• •r?' .. E i 1 - .. h' p .? - l I per a + Itt 0 ' .t.r ? . 0 due upon its Special Obligation Bond!. Series 197SA, dated , 1978, No. (SEAL) ATTEST% City Clerk CITY OF CLEARWATER, FLORIDA ' Mayor--Comm ss oner City Manager ;j •? ??t?9V'' 4??sy??e ? 5 r ?.. .a.:L tt4:!:S t , I • {j y?? j ?t ? ? W p,.5•. '.:L bT AF.?.s}W[ 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 , 1978. Mayor-commissioner 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 Registrar, or such substitute 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 authorized 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 transferable 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. The City may make a reasonable charge for every such transfer sufficient to reimburse it for any expenses incurred by it; provided, however, that no charge shall be made by the City for the first transfer of any Bond from bearer to the registered owner and for the first reconversion from the ' 2/21/7B (. eS'.c i ,? . ...,}»: 5 •`+w'. ? -... YAW- - - - ??'?!w,..?-?'?'.jn?r?nr,?tjpYp,'t,e;,.`:Z •..: ?..; Y•y ' .. .r? •• - ?. ? .e.' _•?;'•ay. -.4 .. .,'4'"".Si.?f' ku 'S+- Tr' ,f, ";`?,` Y .0.e^ _ ??qfh- ?'t..y. ?; F' i•`?'° . . a- t'` ,j.. Y:• .?• .. •`?'?•" fit. fq• a. ?.,. ?:V .??'i Y'r? §,A.ta?. .t. ??jrt'? .'? .'?' .f''e. +i•., .*s .•l n?9Fe ?: a r^? „` ?? '? .,5???;?*,,?.?vJV,pn?.?;d l4'+,n?:1j, '1 i 't?? e.:'?'??. s??1• ?? „ ? '?'° .r',.??y tF 'r.c ?'? fir, k?.l. ?'.t"a?^.5.?y' :ti 1.'??:"' ?5?.»i?!tk•'- "<_ ?"; •.,d7'.Y.'???':4 ?; (' • S^ ?•r• Y "}> v.,•. ?;' ? !-?Jkly efrl':•s'Si}fC.,?:I t?s`.r4td,S.i:'r. a. i?••. 5: t.e` - ? .. . , BE RM reg.istsred owner to'bearer. , , IN WHOSE NAME DATE, Or SIGNATURE OF h ' REGISTRATION REGISTERED REGISTRAR ;? ¦ .,. .• . ? .?`:+ LIB ??"s ?` •'?F''S ? , _ ? c?,,FFys 3, i 1 , I 1 Wis. •44'• ,,; •f=? '? •' - - .. .. - .. .. , i. ?,?i?)[',`?1?% ???L? ?:? .t`.,t,r.k'?;i+"f''??+?c-i ?.=' ;? 7'„r- . S . E Vrf ' ''?•• - ' ' '. ?, ?1 ??-. 'i. • , pp??'ir"?,q'? ?1. ±•1i?i i?'}Y:f ri'tct:d:.t!:' •La's,,,. .. t:-C?? .??si'' ??' '>'• ?_ .'. ?'.? .?,.' 'a.? j,i?r.>,! :.'y' ;;?;?ti ., S ' ' : ?•-:.'. t- ,rr•t ? s , ?r!'' 'i G. _ :'r •. s,:. ?'` ''?1` ?1 ' '•.?::' I?' in?r' 1 .S,}.??x3 is ..??: .t?^s±? ??t? :i.? ?1'?.?'+'a.i?. s: i :,#' n •s' s. t•: t 21!7 8 i t ?kk.Irk• ?p.?,b? ?V~.,w;?;Cflf: ?, .,?..i:}^i-'i`.'7n?µe '»r?°F.? }, .?dn 1F r, ... '`f .. ,c. ;M i,'+t `"i:" ..s' "'?+`.ii,??3 fiq '? .4.;+4, ,•e?'iYi, •i:?k• yi.. Yk +' c ",? •d Yt. .,.rZ''?'..-? :5.'?, ??; S",.a1 t' ?'?.?5 ?'i?``?'?+, ?:., .a.: "s'',: '•'?t `? "?: '?'',`;' ,c?= ,? jG??;?°?zy?',`:'?`, ?S.?N, ?:-?: i 1?'wy? ?•Y; •?.• ? ..1: ,i,: .. •? 4at bj?.°., t?;1 ?. ?, ' '• `. _j'C ,??:.1 fit. "' ?k??. 4 ry? a? ??. ?i 1. .J'{=F` 1? 1 f• `* J1? 1 3 r`11 ?:,?r,`w; ?;''t`' `:;r:i,',??'_ !-.i_: ,,, .?W•5..;' °?' ^J. ?'•? :. j: g''1.'? ,rt?.. ?.a...,.?•.; y. ,? i.n.{??:?? ti• rr.l?, ;TS ;H? :. r. y. ...?;.; ' ,?,.: _a •r ' ..,rte. 4 ? ..y • y?,_ J.'+jg? f't,•;P--P a'• SS J?.'•,:':? .-I A • e ,,? .."ft i, !?' .. c,k 'fix r. ^?. .W,q i ?. .r. SECTION 13. BONDS NOT TO BE INDEBTEDNESS OF ISSUER. Neither the pY i Special Bonds nor coupons shall'be or constitute an indebtednesslo£ ly ?? 3 f ?, I ,. i the Issuer within the meaning of any constitutional or statutory Y II T ri f t provision or limitation of indebtedness, nor shall the special Bonds or coupons constitute a lien on any property of or in the Issuer, but f ??r the Special-Bonds and coupons shall be payable solely from the Escrow ?r •r? Deposit income as herein provided. No holder or holders of any Special Bonds or of any coupons appertaining thereto shall ever have the right to require or compel, directly or indirectly, the exercise of the ad valorem taxing power of the Issuer or taxation in any form of any property in the Issuer to pay such Special Bonds or the interest thereon or to enforce payment of such principal and interest from any other funds of the Issuer except the Escrow Deposit Income. ~? fir, ? • : h ?, ?. frv. SECTION 14. SECURITY FOR SPECIAL BONDS. Payment of the principal a 3 r ?. of and interest on all of the Special Bonds shall be secured forthwith equally and ratably by an irrevocable first lien on and pledge of the Escrow Deposit Income in the manner provided herein. The Issuer does hereby irrevocably pledge the Escrow Deposit Income to the payment of the principal of and interest on the Special. Bonds as the same become i.,.xx. due. SECTION 15. COVENANTS OF THE ISSUER. So long as any of the- Special Bonds or interest thereon shall be outstanding and unpaid or until there shall have been set apart in the Income Account created under the Escrow Deposit Agreement a sum sufficient to pay at maturity, or redeem prior to maturity, the entire principal of the Special Bonds remaining unpaid together with all interest accrued or to accrue thereon or until provision for payment of the Special Bonds shall have been made in accordance with this ordinance, the Issuer covenants with the holders of any and all of the Special Bonds as follows, that: A. DEPOSITS OF ESCROW DEPOSIT INCOME. The Escrow Deposit c r f is + Income shall be deposited in the income Account created and estab- lished pursuant to the Escrow Deposit Agreement (hereinafter called the""Income Account"). Such Income Account shall be and constitute • f a trust fund for the purposes provided in this ordinance, shall be `kept separate and distinct from all other funds of the Issuer and { 4rd:'.1760?1, -13- 2/21/78 NIT? 77, ti?l.?i,. .?1'4.`-.?`y'?-47ril '•S•#i. ;, .lil t .•, I.I i r A . j s. r I r r shall be used only for the purposes and in the manner provided in this ordinance. S. DISPOSITION OF ESCROW DEPOSIT INCOME. All Escrow Deposit Income at any time remaining on deposit in the Income Account shall be disposed of by the Escrow Holder on or prior to each interest payment date only in the following manner and in the following order of priority: (1) There shall be paid to the paying agents a sum equal to the amount of interest which will become due and payable on the Special. Bonds on the next interest payment date, and a sum equal to the amount of principal on the Special Bonds, if any, which will become due and payable on such date. Such payments in addition shall also include all handling charges of the paying agents to the extent that such handling charges are described as "Expenses" in the Escrow Deposit Agreement. (2) If, on any interest payment date, the Escrow Deposit Income is insufficient to make the payments above provided, the deficiencies shall be made up on subsequent payment dates in addi- tion to the payments which would otherwise be required to be made from the Income Account on the subsequent payment dates. (3) Thereafter, any moneys remaining on deposit in the Income Account, after all required payments provided above have been made in full, shall be used first for the payment of "Expenses" as defined and in the manner provided in the Escrow Deposit Agreement. (4) The balance, if any, shall be retained in the Income -Account until the Escrow Deposit Agreement terminates according to its terms, at which time such funds shall be paid to the Issuer and used for any lawful purpose. (5) Such special accounts and funds hereinabove provided, and all other funds created and established pursuant to this ordinance shall constitute trust funds for the purposes provided herein. All of such accounts and funds shall be continuously secured in the same manner as municipal deposits of funds are required to be secured by the laws of the State of Florida; provided, however, that the obligations securing such accounts and funds shall be at all times equal in market.value to.the amount of moneys in such-,accounts and funds. r.. '?r,acr ?! I.r'. ..ri°' ?.:4 s'?-r:?`Ja .?'??'?,;•?'«;'?i> `4?`--9y; `.?,.:;,'• .4•j';' ,`-v'r.: '•'t .. ?F4,?:kt.;Qr.?'•f?.?;?,1.?: .?Tfx: •.?: , ?':' ? ? ?.?f ? .. ' ?'{'. IY.1 :?'?1 £,'Jrxvx~???`•.? \- rvt?:'i 3}V. '? ,?I YF ? ? ? J- , , t ? t 1t J1 1` 7? > '? 40 ¦ I x it T f«? Y 1'.? ?:. •s .. `.;,.Fi?:?"??`•il?S?itirJ_.?.4... .... ..-. .'?'5 ... .. .. . .. .... .r,t1P?A ?".:^??9`; u't arc +?1°?° r c '.T.11'..t1. . . ..,. Moneys on deposit in the Income Account shall be invested only eft r w as provided in the Escrow Deposit Agreement. (Y C. REMEDIES. Any holder of Special Bonds or of any coupons , ix 't, 4i ' ,'"zx appertaining thereto, issued under the provisions of this ordinance or any trustees acting for the holders of such Special Bonds may either at law or in equity, by suit, action, mandamus or other proceeding in any court of competent jurisdiction, protect and enforce any and all rights, including the right to the appointment of a receiver, existing under the laws o£ the State of Florida, of the United States of America or granted and contained in this ordinance and may enforce and compel the performance of all duties re-- quired by this ordinance or by any applicable statutes to be per- formed by the Issuer or by any officer thereof, Nothing herein, however, shall be construed to grant to any holder of such Special Bonds any lien on any properties of the Issuer. D. ISSUANCE OF ADDITIONAL OBLIGATIONS PAYABLE FROM ESCROW DEPOSIT INCOME. The Issuer will not issue any other obligations, payable from the Escrow Deposit Income nor voluntarily create or cause to be created any debt, lien, pledge, assignment, encumbrance or other charge upon the Escrow Deposit Income. SECTION 16. APPLICATION OF BOND PROCEEDS. The proceeds, including accrued interest and premium, if any, received from the sale of any or all of the Special Bonds shall be applied by the Issuer simul- taneously with the delivery of such Special Bonds to the purchaser there- of, as follows: A. The accrued interest and, at the option of the Issuer, any' capitalized interest, shall be deposited i.n the Income Account herein created and shall be used only for the purpose of paying interest becoming due on the Special Bonds. B. To the extent not paid or reimbursed therefor by the original purchaser of the Special Bonds, the Issuer shall pay all costs and expenses in connection with the preparation, issuance and .sale of the Special Bonds not included in Expenses to be paid pur- suant to the Escrow Deposit Agreement, C. A'?portion of the proceeds, which shall be at least a sum specified in toe Escrow Deposit Agreement which (1) together with ;'? • .'f,?;+I j`• ? .'I .. _ X11• .. , >E? .'yJ`1v1,:.iJ> '`:,?:.Ord.• 01760 -i.?-- 2/21 /78 i` it ? •;?rSSt;+ °z?ra:ai:` e:??l:?::.iwS?.L=:+Ji,arl S + r .1 • t .. -..t ..eT . ? ? .3 ?? e'. r't •t 'k?•'s rl`??..§'^?`^+?? r. 1 :kiPt. ,• '. •``i ?•: ?'r ?` }K.\` ?}i;r.'- .: xl y1, .?•ib 'dC. ''??gqt ?, { .?A!•N-?` .+. ?,r .8'+tiF '"i •?1?l?l x?;iij',` ( ?:;.???a?,\?.i??.6t.iar •fyi`?ry'???3????.??.F 'r .. "? s.C ?Z`"?,,." it,> > ? •.? ??r.'i ,rrJMl.+9 "?..?? I w?^?'°a ?; 111 ? >F^?•? 2:- Tr. a;,•? • ,.r .1 i f j' a .2 fie' er',?. !" ?: '> .r-'?". + .? a. i ss ` •, ?I: `; T ""'`'r-•.?`.':t. •.it'+I ti•C • ? ? 3 ? •. l : ?.?' "s e..?? ?:? w ?• ''L •.:dS r? ^'; 'iftiy's'. `•,?: .::,YN?_C:iS??k?}'t is ?%?.• t?.???. _ !,{ : ? , ;e `. ?,? _ (. Ufa. ?, r ? ' ` '?: ?: ' .,' ?a=;'s?; • ? * ?{K,??j ,:?'11?S??i 'f.. ,s '.i?;i :•N?;;.e 4?C4`.' r?.???:?°.$':L"s' .3 :X,l? ? ,, ?,? aJ ??S'-'?`,??.???5? f-.I sf:? }' fir. •, j 4 . +? - -'"ry??? i°?w;•??,'4+?r??^,e??oi:" ?? ? r 3s.?• a? ?? i ScEs ??,+£ r the net proceeds of the sale of the 1978 Bonds and the other funds described in the Escrow Deposit Agreement to be deposited in escrow, F will be sufficient to pay, as of any date of calculation, the ;. principal of,'interest on, and redemption premiums, if any, in respect to the Refunded Bonds as the same shall become due and payable or are redeemed as provided in the 1978 ordinance and which sum (2) together with the net proceeds of the sale of the 1978 Bonds ?• fz Y,,<,n and the other funds described in the Escrow Deposit Agreement to be , ......... deposited in escrow, and together with the Escrow Deposit income, '"?•?will be sufficient to make the payments described above and to pay the principal of and interest on the Special Bonds as the same shall become due, and the expenses, if any, set forth in the Escrow Deposit ``? t ' ',,PT Agreement shall be deposited into the Principal Account and the Nkq d- A. + Income Account established in the Escrow Deposit Agreement, in the ?'?????`• ? • ?,?`*:, fit{?; • respective amounts sufficient for such purposes, and shall be held t r. and applied by the Escrow Holder pursuant to the Escrow Deposit hr`s Agreement. Such Accounts'shall be kept separate and apart from all other r y;• ,R funds of the issuer and the moneys on deposit therein shall be with- drawn, used and applied by the Escrow Holder solely for the purposes Y T[ ? K ,Arsa set forth in the Escrow Deposit Agreement. `?+s f. x rli a.r D. Simultaneously with the delivery of the Special Bonds to fs ? the purchaser thereof, the issuer shall enter into the Escrow Deposit Hj.i ? r } Agreement in substantially the form attached to the 1978 ordinance as Exhibit A with a bank or trust company approved by the Issuer, which shall provide for the deposit of sums into the Principal and Income Accounts and for the investment of such moneys in appropriate Federal Securities soras to produce sufficient funds to make all of the payments described in subparagraphs (1) and (2) of Section 16C of 1 this ordinance. At the time of execution of the Escrow Deposit Agreement, the Issuer shall furnish to the Escrow Holder named therein appropriate documentation to demonstrate that the sums being 'deposited and the investments to be made will be sufficient for such purposes. No use will be made of the proceeds of the Special Bonds which, if reasonably.expected on the date of issuance of the Special Bonds, r ord. 1'760 -16- ?`?`?4 -r?rwiw...••.•.. p.•-..•.;-.. r.•x.•arr ?: •V1r.+?. rr, .`: •r yA??;;L k?l.??. y 1Y?r`.? TU??` ?'S: 5"j'1 .`-fit %.. F..i ,:}.?"!•M??•?.`?.5 ?. y..' 'p, ? .. ? ' 2/21 /78 r ?r t• _ '3 ` would cause the same to be "arbitrage bonds" within the meaning of the Internal Revenue Code of 1954. The Issuer at all times while the } Special Bonds and interest thereon are outstanding will comply with the requirements of Section 103(c) of the internal Revenue code of x•? _ ;`"yT;;?. 1954 and any valid and applicable rules and regulations promulgated -? thereunder. Y' y I ' E. The balance of the proceeds, if any, shall be applied for any 'jti`Y •, , ?;#?. of the purposes authorized for the proceeds of the 1978 Bonds. ?t• is SECTION 17. SALE OF SPECIAL BONDS. The Special Bonds shall be - '' issued and sold at one time and at such price or prices consistent with the provisions of the Act and the requirements of this ordinance .? as the Issuer shall hereafter determine by resolution. The Special Bonds shall be sold and delivered only if a sufficient prin- t ;A cipal amount of the 1978 Bonds are sold and delivered at the same time to effect the complete refunding program described in Section 3 of this ordinance and in the 1978 Ordinance. SECTION 18. MODIFICATION OR AMENDMENT. No material modifica- •.k Lion or amendment of this ordinance or of any resolution or ordi- nance amendatory hereof or supplemental hereto, may be made without the consent in writing of the holders of two-thirds or more in t' ' <... y =y principal amount of the Special Bonds then outstanding, provided, ;. however, that no modification or amendment shall permit a change in r the maturity of such Special Bonds or a reduction in the gate of to A„r?. + - interest thereon, or in the amount of the principal obligation or affecting the unconditional promise of the Issuer to collect the Escrow Deposit Income as herein provided, or to pay the principal of N and interest on the Special Bonds as the same shall become due from the Escrow Deposit income or reduce such percentage of holders of } ' such Special Bonds, required above, for such modifications or amend- RS ments, without the consent of all of the holders of such Special x Bonds. SECTION 19. SEVERABILITY. if any one or more of the cove- nants, agreements or provisions of this ordinance should be held contrary to any express provision of law or contrary to the policy of express law, though not expressly prohibited, or against public policy, or shall for any reason whatsoever be held invalid, then -17- Ord. X17.60,: ., .. 2/ 21 .. . X78 3 1 7.7 w, 77 ,q ? ?* '+. ??. "'III??:`n?:Wr. ?? ?a{• . .. t. ?4, ern" k ?? ?'+. a9'???r,k?? ??Y'; ??SL.I?:a:g•?'+.i ?f'. .,?t?•', r ":'I';, , , ? '?' ? ••t ?`?•' ? =?'. ? 7 -INRf .:. ;,ti+.? r•y": :YLP `ra?','..a? ^'?.`` +rR A`.. to .• 1 to •J t M k cf 4 r 1 Such covenantar agreements or provisions shall be null and void and. shall be deemed'separate from the remaining covenants, agreements or' provisions of this ordinance or of the Special. Bonds or coupons issued thereunder. SECTION 20. VALIDATION AUTHORIZED. The City Attorney be and he is hereby authorized and directed to institute appropriate proceed- ings in the Circuit Court of the Sixth Judicial Circuit of Florida, in and for Pinellas County, Florida, for the validation of such Special SondSr and-the proper officers of the issuer are hereby authorized to verify on behalf of the Issuer any pleadings in such proceedings. SECTION 21. REPEAL OF INCONS=STENT ORDINANCES OR RESOLUTIONS. All ordinances or resolutions or parts thereof in conflict herewith are hereby repealed. SECTION 22_ EFFECTIVE DATE. The provisions of this ordinance shall take effect immediately upon its passage. SECTION 23. PUBLIC NOTICE. Notice of the proposed enactment of this ordinance has been properly advertised in a newspaper of general circulation in accordance with Chapter, 166.041, Florida Statutes, PASSED ON FIRST READING PASSED ON SECOND AND FINAL READING AND ADOPTED AS AMENDED Att err C' Clcrk February 16, 1978 February 21, 1978 Mayor-Cornmissi r J 5 ;Ord i1 60 2/21/78 t V IS:,i iy r {`,7 4 a sf ,?. 1 • ..1.i - ' ; ` • . r ` t . ,f.r y4.S?q' 7.• p?? .1,, - r.. •, y . . ,.! s i .?1 r! l: i, w ?• ?rLe .w Er; ?.f#r:'t'.?1.`^? `?'sr ?i:'i?"".'??}.: `°f' :ti,??+ ' !c: • il'•' t,"? _ :<1.• ,i ?' ? -y^???ti`•?. _??i•Jr fS. ,?}. a s t?£s ,?'F??{?;ty ?'•.. ;?;';" :r. 5 ?'4' .i'.' 1? l ?i•. ?f; , ;y T4,' ? 3?+`?i ?;'i ?• ?{?'•???.rt: ?;ft(ii'j•`,"i2" F.].: •?t .. if`?tiJ .l ?t?"?V ;4: r iFf lryr!>h? € ti". ??lirs,'•i :,?.. `f'•.7"r., ` .??+., .:?' ? }^z^ •z i" I 0, 1 tk n7 r?7 h1;r'?"MT ; ...._„e.,..:tt_ rAy `•`; . .. .. .. ..... ..s-_ `31.?. .._, ?....,.. ?..w+?..4...,.'ii,.5.:r,4'`r'7.?::?`r:. .__.., 4r .t5:;'.,.. _ ft?i sn.?:j,r: ;r.;i.'•ti.'ii``,'.j,?t°??_j?f?s'?-y:+,r.?i&'^;t?,,i`????y, P;a "4, CLEARWATER SUN r :t? Published nalrp Clearwater, Pinellas County t•irrida + yf .TATE or FLORIDA COUNTY or PINELLABt r s ?.` I: Before the undersigned authority personally nppoutod W. foul Harris. who on oath says that he Is the Business Manager of the Clsnrwater dun, a daily news papal r a s:?7ax,`t I published at Clearwater in Pinellas County, r1ofldat that the oftached copy at advertisement, being a ...Wti F.R.. .... .. .. .. ......... . f•. 5 .yk?C' `lF}^ •........r r, r .......... ...• .. ....., .r.. ,..... .. , t, in the maHer of ay? ?A: IXMX XXXX q x rl?. k 9 ;.. .. *AM was published In } 4, 3t `:• said newspaper In Pop lesuss of FebrubYy 2q t 1978 I4j s? krt. ;y ............. .......... i Afflant further says that the said Clearwater Bun is a newspaper published at Clearwater, In -old Pinellas County, Florida, and that the sold newspaper bas '"?`1?'•t«;ti: i.'i ,r heretofore been continuously published In said Pinellas county, Florida, each day and y43wr=ut? ?R?.p. has been entered as second class mail matter at the post office in Clearwater, In said ;,,? ,t?h ale . t.• Pinellas County, Florida, for a period of ons year n%rxt preceding the first publication of ?t a5 ;`';'e: ?.. '• ': 'he attached co of advert[some ntt and ofilant further says be has either paid ?i• lqi .:?;r? r nor promised any person, firm or corporation an disc nt 1c qW. ommie nor refund ' I?''•' ?r" f '.r' : for the purpose of securing this advertisement for c I n the new ?Y'+:f'••Q5 ail ? - , k ,y#h...... .... ..... f1wern to and subscribed before me • t;; "`T , ;',_: ", =: 'FS' than 24th ... day of .17pai;Y...... A.D. 197.8. a}''''' ` y l`?`w`••::A'; I:'r;, ftTARY.PaRtIC, STATE of FLCRtDA M LA2I1 (SEAL) Notary Public M? CDMIJISSIDII EXPIBEs MAY 17, 061 ?. zti•e.,- `Ly???_???j??•?V 4;?:i'. ?tOiiDFD iillil pxi:iGAL kill. UtIDCfWdITERS P? t++ 1. y,«::?,' C1 +}-?•??='y e,0t' ass !ge : dinan?cer'• - f G ffCE 1110;'760',+ IF;t i11, 114A 'O1?lTthflltrfrk'" s .-va..a.7r wl++v.-rr<?aI1R1^rd?ItVlr'Li'rl9dal ?'+IP14111 AND TO MAKING. CEItTAIA.:CONVI;NAM'B;AHD OR] MEMS M corftCI'ION 77 dR1?liVrm %qDR4G F THE SEPARABILITY. OF. THE: PROVISIONSRE( PROVIDING i FOR " PROPER'. NOTICE', OF;, PROPOS ENACTIIIENT; AND, PROVIDKG'AN EFFECTIVB• DA1 -PASSED ON PIRST'READINGi F'ebmu7.1k.ilm.+=..;._` PASSED Ott. SECOND, AND, FINAL. READING'' ? ADOPTED-AS AMENDED; Febivtt?I, ili7ll;' °'it+ ;, Oibdel ,?IayOr-COtT1121ii1<IQller'? ,yy'+, Attest: /e/ R G. Whitehead' Cit?yr? Clerk - 2A i. ,a .lfr a,4 C t :.. r r ?4,e,ltid..:.....nn...+.,.v'.,..n:s..m.-,,.,.r.w..., .... ....`.....? _........,.?...M... .............. ........... .........,. ..._.- -.,.. .... ......._.....-...?.??.v.__...--____-....«w............r,.?•_..:,..r---- CLEMMATER SUN - .+ Published Dally Clearwater. Pinellas County, Florida i 'Jfj'"`!'Not,66 Of opo9s "TATE OF FLORIDA COUNTY OF PIHELLASI t,1:Ahae4Bllelt' tT„0 :' 4:.,, 1.:.,?.., fir: .., '-.?: ,?.,. ."?,"' Irt ••S.? Before the undersigned authority personally appeared W. Paul Harris. who on -? "ale C1ly COri1fi11b910n Of tht'Ci1y O[.L'IGtil'1ldtet' oath says that he Is the Badness Manager of the Clearwater Sun, a dally newspaper otj published at Clearwater in Pinellas County, Floridat that the attached copy of M? iids t I' IClty'Kt11? ,,11I tso t i c e AveTple, ClellTwater, Florida;- ' advertisement, being a .................................. . ..... . ................... Thtknd&ly,'Feilrttary lit197f)I and Tit. o A M:' 'Mrtslry21,197fI, [or or., of coEraldet?ng in the matter Of Adoption of ordinance # 1,760 d No:176D thc'1i +rr.. t>!'sli[a ..... ............................................ ..... AN,'O i<NANCD 'Al1___O t17.1NG. THE >ftE ?AIN: PRESENTLY, OUTSTANDING ....................................... . .................. .. . .......... OBUGATIONS'OF THE'CI'TY OF'CLE11 MAW ................... XXXX.................... ?CXMt, was publlshsd in RMA; PROVIDIMFORMIR ISSUANC CEEDTNG'$V,0D0,0DDSPEC1AI:'0BLI said newspaper in tav las;ues of Fe}aruary 1 1 j8 .................... BONDS; • SERIES `197fFA;`OF TIiE? GTTY..•`T . ...... .. ... : PL1ED .TO 'REFUND THE: PRDiCIP? -,1 ;: ANDfRMEMPTION"PREM W'.IN`•RF8 Affiant further says that the sold Clearwater Sun Is a newspaper published at SUCH, PRFSENTE,y OUTSTANDING"OBI:I Clearwater. in raid Pinellas County. Florida, and that the said newspaper has . „PROVIDING FOR 'THE PAYMENT OF THE heretofore been continuously published In said Pinellas County, Florida. each day and .:. ING•BONDS FROM ESCROVP DE IiT-INC has boon onlared as second class mail matter at the post office In Clearwater. in said .;r.TG1:MA1{iNG;CERTAIN OW'DE I 'IANI Plntillas County, Florida, for a period of one year next precsding It t pubitcat o! IN'CONNECTION TFIEREWTTS +P1 'be attached copy of advertisement: and afftani further says h as nett paid mENIS not promised any person, firm or corporation any discount, ts, c mission refund FOR:11HErSEPARABUM1 OF?''THE'1p; for the purpose of securing this advertisement for it to i e w or. HEREOF;',PROVIDING, FOK'PRO PEA1W '.PROP0SED'ENACTMENTj,_LA f) PROMIJ FECM DATE: 4?r .::.• :;r'''' w;? +~9Y. t. es cf the' orft loco' be' Sworn to and subscribed before me • • ... bllicc at the Ot ! e City'Atto1'Aey,'? :Y:li4?1, 114 S Osceolsz'AtFelTlle; Clearwater;.] . F ruary ... A.D. Il..78 to,lsald'tlme,allddatee:t;i.e7rc;•. • ?'P'..h' this 11 tl ear of I t.lTttost? pelxoi tatemWd My pe` t:fo`r?i NDTARY PUBLIC, STATE of FORIDA it l.4; ;Y bt L { Ile?lyd'wtth'ltitped-td tM D 0 W MY• CONWISSIOH EXPlnts MAY fi, 1911 f j +? y:wtl`. Y S?CityQf iiEAI.) Notary Public 9011DEo r . RAY SE:IEAAL INS. URDEAtNaITERi '. ?rff:..? Ir;?{':?1;!'?'•'':,;?.=RhG:.?hiClea.M tebl?d?=t?t FITS Y? CS-•309 #';Fe>;C ::??il•;.:???i't'7i?"?,::_??J?;jCtt{,?x.k?1 T '7 1— m I °i l