03/05/1956Ve?
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Florida, has heretofore
MIEREAS the City of Clearwater,
sold ?1,500,000 Utility Revenue'Cortificates, Series of 1955i
pursuant to Ordinance' 1,11o. 681?* duly enacted by the City Commiusion
of the City of Clearwater on August 16, 1955, and
MI-41EAS,, The First National Bank of Clearwater, Clearwater$
Florida, has agreed to act as Trustee of said Construction Trust . . . . . .
Fund Agreement as provided for in said Ordinance No. 684, and
WHEREAS the City of Clearwater.-Florida, has incurred
expenses in the issuance of the said
-.'1,500,000 Utility Revenue
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Certificates in the sum of ?4,925.83, a statement of which is
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hereto attached and by reference made a part hereof, and
WHEREAS, these expenses were advanced from the Utility
Revenue Operating Fund and it is appropriate that said Utility
Revenue Operating Fund be repaid.
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A4 1401,12 THEREFORE$ BE IT RESOLVED by the City Commission of
ly
the City of Clearwater, Florida, in session duly and regular
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assembled as follows:
1. That the sum of ?'4,925.83 be paid from the Construction
Trust Fund by The First National Bank of Clearwater, Clearwater,
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Florida, Trustee thereof of Construction Trust Fund Agreement dated
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November 28 1955, which Construction Trust Fund is derived from.'
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the proceeds of the sale of Utility Revenue Certificates, Series
of 1955.
2. That a certified copy of this Resolution be delivered
forthwith to said Trustee, which said Certified copy shall constitute
the direction of the City of Clearwater to said Trustee to pay the
foregoing sum directly to the said Utility Revenue Operating Fund
of the City of Clearwater, Florida, forthwith in compliance with
Section 3(b) and other provisions of said Construction Trust
Fund Agreement.
PASSED AND ADOPTED TIIIS5?04= OF MARCH, A. D. 19564
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Attest*
Yf"
Clerk;
City'AlAitor and
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