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RESOLUTION
No. 62 - 51
5 C. """)
WHEREAS, the City of Clearwater, Florida, has heretofore sold
Y and delivered $1, 500, 000 Bridge Revenue Bonds pursuant to Ordinance
No. 910, enacted on November 6, 1961; and
WHEREAS, the interest on said Bridge Revenue Bonds is due and
payable on May 1, 1962; and
WHEREAS, it is necessary to advance the bankle fee for handling
said interest coupons;
NOW, THEREFORE, BE IT RESOLVED BY THE '
CITY COMMISSION OF THE CITY OF CLEARWATER,
FLORIDA, IN SESSION DULY AND REGULARLY
ASSEMBLED, AS FOLLOWS:
1. That the sum of $75.00 be paid from the Construction Trust
Fund by the Bank of Clearwater, Clearwater, Florida, Trustee thereof
of Construction Trust Fund Agreement dated February 19, 1962, which
Construction Trust Fund is derived from proceeds of the sale of Bridge
Revenue Bonds, Series of 1960, to the Chase Manhattan Bank, New York
City, New York.
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 Chase Manhattan Bank forthwith in compliance with Section 3 (c)
and other provisions of said Construction Trust Fund Agreement.
PASSED AND ADOPTED this 26th day of April, 1962.
yor»Commissio
Attest;
Clerk
Ren6.062-51`:
+.rt
u-26-52
sc . °_ ,:f