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RESOLUTION
No, 6Z - 52
and delivered $1, 500, 000 Bridge Revenue Bonds pursuant to Ordinance
No. 910, enacted on November 6, 1961; and
payable on May 1, 1962; and
transfer $35, 625. 00 from the Construction Trust Fund derived from
proceeds of the sale of Bridge Revenue Bonds, Series of 1960, to
City of Clearwater Bridge Revenue Bond Interest and Sinking Fund;
WHEREAS, the City of Clearwater, Florida, has heretofore sold
WHEREA S, the interest on said Bridge Revenue Bonds is due and
WHEREAS, in order to pay the said interest, it is necessary to
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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 $35, 625. 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.
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 City of Clearwater Bridge Revenue Bond Interest and Sinking
Fund 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-C
Attest:
y Clerk "
' i
Reso.062-52 4-26-62
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