08/26/1938 (4)�
S�C��,� �.�ts �ioQQ3.u��.on �3at,17.1 ba c�€yoCsti�ra 3sa�nodZm�o1�.
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Mr. Barry mnued, the resolu�3un bs adopted. 147r. Grice seeonded
tho motioii. Upon rol7. ca11, the �o1lov�ing vote was polled:
Ages• PJir.: T�.Zarsh,
I�Zr. Batchelor,
A2r . Bal�er,
TJir . Barry,
Nlr. Grice.
Nays; Nor�e.
TherEupon �he A�ayor-Comms.ssioner declared tY�� resolution acioptea,
and s��ned said resolution;
Mr. Ba-rr� introduced the =011o1�Jin� resolutionr
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� I A-IiESOLUTION OFDEIESIYG AN ELEGTION �TO� BE HELD 1N `- �.,�� �� ��� �
CONNECTION Nl'rH TI3E PROFOSED� ISSUaNCE OI' Tif.CIIT ;�
� }i3tiIN I:E'VENiTL�'� CERTIFiCATES TO N'INANCE THE �COST � �
� UF� (:ON9TRUGTZIVG �A YAOHT BASIN.'
�� ��,REAs, pui•suant to tlie laws of Rlorida'and Part��u�a��Y AFFIDAVIT OF PUBLICATION
[',�apter 9710� of the apacia.t Acts oP Florida, 1923, the City Commis- STATE OF FLQItIDA �� �'� �
sion �of tha City of Cleanvater �duly adopted an Qrdinance proriding % COIINTY OF PINELLAS j
��� ir' �for 1he eonstxuetion of�a Yacht.Besin�and the 3ssuance and sale oE . � �
: t �23.Ob000 principal amount of Yacht Basin Revenue Certificates to On this duy personally :.ppeared baFore�me Victor H. 15forgan, to me �vell known,
. a atd ia iinancing the cost thereof;. . .�vHo, being by mo first duly swony ilepuses aaid snys that he is t5e Publiaher of the
� ��. � NOW, TF3EREFURE, B� IT ftESOLVED� BY THE CITY� �COM- .� ��(;lea.rwater Sun, a newspayer .published. in the �ity� of Clearwuter, County of Pinellas�
; � MIaS10N��OF THF7��CI�Y OF CI:EAR.WATER, F'LORIDA: � i� and:State of Florida;� that said netvspaper has heen continuously published in� Pinel-
F� SECPION� 1. That a s�5ecial� election be and the same hereby is � las �County, Floridn at least once each «�eek�and has..a,lso been. enteced as second clnss -
. �_ -oxdered to be� �held on the 27th day of Septemher, 1938, in tlle City maii mntter at. t�e Post �Office in the City of Clearwater, Pinellus County, Floridu for �
�� of�(:;eatwatei; Fiorida, to deterinine�whether such Yaclit. Basin Reve- c� a period of one�year next preccrling the first insertion of the attached legal notice
� ' nue. Certifica.LOs shall be lssued � in � the aggregnte principal -amount of . . .. �
� ��' $2S,OilC.OQ dnted Octaher.l, 193&� in the denomina.tton. of ��1000.00 . �or.process: that said.newspfiper has been published in.uccord:�rice� with the provisions � �
�� ' each�, bearing interesL at the� rnta of�four�per centum (45'0) per an- 1� � of Senate Bilt \o. 58, enacted by the t�J31 Lesislature of Florida, .upproced ➢iay 20th, �
� I num. payahle � semi-annually na �October 1 and April� 1 oi each year, � . 193I, and air provisions of :said Statute have been complied «•iffi: tl�at the attached , ,
�y�� and maturing� aeriallp.in the amount of- - � ]egal notice or'process was published in said netvspaper once each �veel: ior n period
;,� Year . A�nount Year Amount '� �p. ], �veeks to �vit.� in the �ssues of said ne�vspajiec puhllshed on .. ..
�; ]942 � � �1000.00 � 18�5 � 51000.00 � �
�' ias3 s000.00 iflss i000.00 Au ust 27 1838
{� is�4 iooc.00 ses7 ipoo.00 '
1945 ioao.00 iasa i000:oo �''
. ..........�.$.... . '. .,.. ...................._................. .
.... ....
ii 1946 10.00.00 ' 1$59 1000.00 '�
! � �� �� 19l? 1U00.00. 1960 � 1000.00 ( � . �. . . � . . . • . . . ... � .. . . . : . . , . . �
� 1P48 lUU0.00 1961 1000.00 , .
� 3949 � 10Q0.00� 1962 . 1000:Q0 '. . . .... . . ... . ... . `.. . . . '
1950 lOQ0.00 � ' 1963� � 1006:00 � . � : � � �
1951 1000.00 1964 1000.00 ........ ....•...._... . . ,. .... .... ..
...
......, ._...
��' 1952 - � 10U0.00 � � . 1965 � 1000.00 1'. - - . ' � � � �-,f� �� �
� 1953 5000.00 19EF�, 1000.00, � Sworn to and subseribed brture me the.. , 2�.ttkl .. .,da� y�`ef, ?�t�LlB'Ea. .... ,
�1954 1000.00 1967 � 5000.00 ; � -
. 1965 2000.00 �' A D. 1�J' '8 ... / /J
such Certificates to Ue'�ay&ble aolely from and aecured by a pledge�� / / / %/��J/_� %Z ��/�/7� n
�` oP tha groso. income a.nd evenueA of the � Yacht Basin� after provisIon � ; � � � �•l./�/ . .. ,�. • - •'.^."'-�- •���7 •1��` �' L'r!�.., ... . . . . . . . � ..
�or tt�e payment of all operating costa of such Yacht Basin. �'� �� - �'`' r^ t , ,�, �
SECPION 2. That the following notice of election sball be puo ; .'ri� t.,: ;� i
� Hehed in The Clearvnter 9un a ne�Vspaper ublished in the Cit uf I' `�' .�-
F Y
{t Clearw,�ter, F1'orida, !n_ th� issues oE said netvspaper ;pu�lished on �
+� Ang��st 2Sth, September 3rd, 10th, 17tti and 24th, 1938:
� . ".TOTICE OF I7LECTION. . . .
� The Ctty Comndssion �f the City of Clearwater, .Florida, >>as
+!.ordereci a,.special elecL�bn to�be, held on the 27th day-bf SeptemBer,�� � �
i 1DS8, ir.i sald City, st'the place where electtons ace uaually held in
� snid City,for the purpoae of determining yYhether or noE Yqcht Bastn `:
i#teveLue Certlficatea of sai3 GYty shall �be iasued in th0 aggregute '
. Iprincipal amount of $28,000.00, flated October 1, 1938, in +he �denomi- l
natlm oE �1000.00 each,. bea.ring intexest at�the rate of�four per� centum ' � .
� �� (47p) per annum, payable aemi-nnnually��on October� 1 and'�ilprill .� �
t of��each year, and nisLuring aetially in the amount ,of:
a Year Amount 4ear �nount
r". � ,1842 � �$3000.00 '� . � - � 1955 � $5000.00�. � � �
� • .1P43 1b00.00 Sfl56 5000.00
1944 1W0.00 1857 X000.00 .
�! 1945, � 1000.00 ' 1958 1000:00
��7946� 1000.00 . '195D � 1000.00 .�
j 1847 1D00.00 , 1960 3000.00
� � Y948 . 1��O.OD� � � � 1961 � � � 5000.00 � �
] D49 IG00.00 1962 1000:00
�. 1ll50. . 10GO.00�� , � � 1863 � � . 1000.00. �� . �. .
� ]951 1G00.00� � 1964 1000.00
� :�7062 SOOO.Ob ' . 1965 . 1000.00.
� � � 1963 �� � lOG0.00 � � � . � 1966 1000.00 � .. .
. � ���, .1U64 � ��.1U00.00��. � � 1967 . ib00.00 . � � �
1868 2000.00
� foc t7�e pmpoae qf niding irr finhncing the cost ot conshuction aP a
}� Yaohf. Basin. Sucri Yacht' Basirr Rovenue deit[ficates to be ,paya�le
`i solel3� firom and aesifred by a pledge of tl�e' gro:s incaue a':� ra✓a- _
��nue� of the Yacht Basin after pYovision �or the payment o� all cperat-
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S�C�.�. '��QP� .F,...,. �.�n Fe�o3,u��.o� r�%n.7.� �ro �f.�ots�iv� �mo��,�t�o1�a.
E�1:�s�L� .�x'S� niTar�T�n b� �I�o cif,� cor�n3.seion t�f fi�ip Gfty oP �9:��-
X�s�er;� �.oa�c��z� this islae 2G�ia ciray c,f �1r.��uFs�, �i� `„ 3��E3,
(S3�n�e1j T,,, ll,. T'��r31i
LiAi''43�i'wGqZ^i:.���-,,'�i. S0:`T'Tt
Aa'I�;S'3'�
{s��,�a} a�. �� s�t��r��:Q�a
Ciwir`- 11�`�T�i?Fi 11�`.�.� C,IrFtts•'_�
tlie purpose �f pr_yin� u.� r.,�
� Certificates a�.d ior� no other purpose. ���
SECTION S0. Any funds remaining in the Xacht, Basln Revenue
� Funi, after pmvision for the reasonable, cost of operating and main- �
taining,the Yacht Basin, and after paying the amount required 10, (�
he pa?d.into the Yacht Basin Sinking,Fund, as above provided, ma,yyy. �`
be used by the Qity of Clearwater for� the purehase oP Certificate� ,:
�at not e:iceeding the grineipal amount thereof (exclusive of acerue �
interP.sE) or Sor ,any other purpose perniltted by lew, The City of ��
Claanvater hereby cocenants and agrees-wltti tIie several holdera and'
. �owuera- of Certificates. as followa: . - . .
� (a) That it will rot voluntarily create or nause to be crea!ed '
any debt, lien, ebarge� or encumbrance upon nn,y'of the reve- �,�
nues pledged to-the payment of the Certificates and the �j
interest��thereun, except such as� may be�junior�to�-the lien:oE�''+
said Certificates, and that !t will not aell, mortgage, lease, or ,��
otherwise-3ispose of�or encumber any property�essential to 4
� the proper operation oP the Yacht Bnein; ;
s �
lb) That it will at al; timav preserve rand protect 'the security �
of the Certificates and.the rights oP the Certlficata holders �±
�' under this Ordinance and that it will at all times maintain,
preserve and keep,.or cause to be maintained, preserved snd
Fiept the Yacllt Basia� including ail parts thereof and ap- .�
��purtenances��Chereto in good condition and.. repair,.�and- will. ��
from time tu time x�ake or cause to be mada all necess8ry
and proper:repairs and ieplacements so thst aE all kimes the
businesa carri2d on in connectron thexewith may be properly.
.�and advantageously conducted in a� manner consiatent witU
prudent management; � ,
;c)'`fiHat it will ac ail times prescrihe and colle�t rates in con- �'�
nection �vith the Yacht Basin as it may deem reasonab!e, I
which t�aid :ates�-ahall he at letist suPficient after making� �.�
reasonable ailowances iox contingencies and Yor a margin ,
of error in the estimates, to maintain the Yacht Basin OpOr- ��
aUon and Mzihtenance Account:and the Yaeht Basin Sinking� '
F'und as provided by this Ordinance: ,` • .
(d) That it will at all �Umea keep���proper booke of records and. ��, .
xccounts (separate from all other records and accounta) in �p
whtch complete and correct entriea shall he made oE aA T-
� transati�ns relating -ta ihe� Yacht Basin, The City: oP� Clear- J'
water will fuiTlsh to the origina] purchaser or purchasers Y
� .. � of �aid CertiPicates � and to any �holder. or � holdera of -any oY ].
said Cextificatea, at the written"request of such holder cr i
holders, ,not more than thir}y (30j days after the close oP ,�
each six �.(F� xnonths � fiacal . period, complete. operating and� ��
income atat�menta of the Yacht Basin in pe,a.yonable detail �.
covering auch aix montha pertod, and, not more than sixty' i
. (80) days: afr,r the �clese of each fiacal year, complete 4inuzi,; �;
. -.cial atatements� of� the Yacht..Basin in reasonab2e detai'� �
covering eu�h fiscal year, certified by the Auditors oP the
City of Cleanvateit
(e) That it will maintain insurance on the Yaeht Bnsin for the ;
benefit of 4he holders of CertiPicates iaeued under this prdi-
, nabce so long as any of auch Certificates, or the utterest
thereon shal remain outetanding or tie unpaid, of a. kind arid
in � an amouct which usually wQuld be. carried by .a private
corporation operating a nimilar type oP undertaking. �e
proC�eds of �zny inanrance, other tha� for lose� of� use nnd
occupancy, ahall be 'uaed only for (aj reconetruction, re-
placpment or repatrs, or (b) payis:enta inio the Yacht Besin �.
Sinking Fund. During any period ef loss of `use of occU= (
pa.ncy, total or partiai, resulting from risks and perlls ?
against whlch other lnsurence is or ehould he caxried pura4- i
ant to tfiis Sectton, the proceeda of any such uae and obcu- �
Pancy insurunce ahail be paid to the Yacht Basin R,evenuo +.
Fund and shall he adminietered, held sitd applied ibr che i.
�same pi�rpose§ and�,in the aam8 manner.ae provfded. by thia f��_
Otflin8n6o ior the use,- dL4pogltion 8ktd appllcatiori oP tha �
nlbniea in atieh �'und.
(t) ThaE it w1A petmit at all reasonable times ao lon� as ��yr
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Mr. Barry movecl tY�e resolution be adopted.. Irir. G�'sce soconded
the mo�ion. Upon ro1:L ca11, the �'01,1o��ing vote tiJas polled:
Ages: Mir. T��a.rsh,
Mr. Batchelor,
I14r , Br�.ker,
Mr. 3arry,
NTr. Grice.
Nayss None.
Thereupon the Na�,�ar-Comm.isaioner declarecl tlze re�olution adopted,
and ea:gned said resolution:
Mr. Barr� introduced the =olloti•ring resolut�ion:
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AFFIDAVIT OF PUBLICATItJN
STATE OF �FLORIDA � �
COIINTY �OF PINELLAS� �
On this day* personalty s,ppeared V�efore� me Victor H. biorgan, �to. me �vell Imocvn,
�vho, being by me first dnl} sworn, leposes and says that. he is tHe Publisher of. the
Clea,nva,ter 5un, a newspaper published in the Gity �of�Cleartivater, County .of� Pinellas
and Sta,te oT F7orida; that said.ne�vspaper Las been continuously published in Pinel-�
las County, Plorida�atleast�once eaeh��veek and has�also�been entered as�second class
�mail matter at the Post. OfSice in the City of Gicarwater, Pineilas �County-, Florida, for
a period of ane year� next preceding the first insertion of the attached lesal notice ��
or process:. that said net��spuper has 6een �published�in uecorda�nce with the provisions
of Senate Bill No�.. a8, enacted� by the L9S1'Legislature oY Florida, npproved 11is.y 20th�,.
i'JS1,.anC a�r provisions�� of.said Stntutu�have been complied �vith: tliat ttie attached �
legal notice or process �vas publi�hed in said �newspaper once �each. �veek for a period
of...J..,...,.�seeks to-witrin.the issues of said newspn�per pnblished on..,..........
. ......... August 27,..1938....
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S�vorn to�nnd subsaribed be•fore me the.., �.�.fit�......d�y .1?l1gLl3jT�..,,...
A. D. 195...8... /
.Vi/ . . .��.L�-�: �^��Z,A,`.` cs v[.v . . . . . . . . .
1v, i: 't:G!i �..,: >�.r z._.r.i�., . � . .
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Mr. Barry mo�aed that tivhereas the next rogular nieeting fa11s
on T,abor Day, that the next re�ular meotino Ue held an Friday;,
�t��'"�'�th, and t:�.at this meetiti�, be adjourned u.ntil �Ll�.at da1;e.
t�1r. Batchelor seconded tlze moi�ion. Upon ro11 ca11, t)�.e folloirin�
vote tvas po112d:
Ayes: P�Tr . T:�ai sh,
P.r. F3atchelor,
Prir . Barry,
14ir . Buker�
M�^ . Grice.
Na�s: I�TotZe.
Thereupon the Mayor-Cormnissioner declared t�ie mee�in�;' adjour;Zed
until Friday, September 9th.
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P�ayo;r-C on�mi. s si on�r
Attest:
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C `�ty 1�uditor & Clark
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