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08/28/1934- --�-e-�. . .,a,; --- __�_— ..�.�.�.�,� _ . . �_ _ . � ; , .,: r� �� x , � �� _ �` (�$) : �, � � ,; , .i _ , MIYIUTES 0�' T�E CIT� C'OD�ZI�ISS�ON -� . A�agus� 28th, 1934. s . The C ity C c��mi.s�ion of the C i�� of C�.e arwater � F1or ida� :; , met o�x the above 3ate, �.n ad:jcsurned meet�.r..g �.sseffib1.ed} with tY�e t � foZZdevin� m�mber� px9sent : ;� ' H. H. Baskin, � A. N. Dillard� J. A. Berry� Reade Til�ey, Maved;by B�r. B�rr�� seeandeci by Mr. Dil.lard� a�d carr3.ec�., ; t�.at tf�e Cit� Cor�miss�on �o on reeard: as favori�g a re�olu�ion by •�he Florid�. L�as�ue of Niunie�.palitiee oppQ�irag the adoption of ' r . . � : � � � � . � � . � �. � . � � � ...j . tha H€�mes�ead�` E�em�p�ior� A�endment to -t�.i� Cons�itu��.ono (Othe� , C�mmissians�s are to haQe the p��.viie;e of' voting Zater). Mc�neci by Mr. Dillr,..rd, �econaed b� Mr, Tille�� a.rsd. carried� that the City pa�; �62 e 50 as part o�' tY3e ca�t c,f a deed �o �the �. al.log b�hind th� F�.rst National Ban�. � Bond refundi�g plans were iuth�r discu��ed� and � tenat3�re % on agraemen� o�' pri�ciplea w�� �e��hea��the fal3owing basis:, " , ! �..Ref�nd entire grincipalt vaith 30 �rear' m€�tuy.�it�r. 2. In�eres� r�.t� to be : 2,$ Piret �# �ears 3,� n�$t 3 ye ar s �� ne�t � 3 yea� t� . � . �� to maturit� ( 3. Lev� for �3.��t 4�ears to be on anticipatetl cnllection oP � � 50�, i.�.' the ci�;� aha.I1 assess en�ugh to pag 4�. 5th & ` �t�bs�e�.er�t yeers, 1ev� "s'h�.11 be l�ased on � co:�Iecteci avsra�e for la�L pa�t �hree ye�ra o 1 4. In 7�h �: subs��uent ge,ar�, l.evy shall be made su�fic�.�nt to produce 2� far sinl�i.ng fund. ; 5v Sl�rplus cdllec��c3,�.� and sin�ing funda sY�a1i be ussd 'to ; ;i purchase boncls at t�ae market e : a r ,5 V 6• ��st due i.nterest er�upons ta b� depos��ed in. $ b�c, and :: ^ .. , + ,; ' ciic�r to take them up fra�s pra�ae�ds of �ieSinque.�rxt :.ta.6es '� ,' � ,� an� �sses��ent�n at a designat��l: p�rcent of £�ce value. � 7, (IInder eontrmvers�) Thatt the di�� sk�:ll pledge �25,�60 ' ag util�ty 3ne•o�e ea��; ��r (na�t eumala�ive ) to insure ' a ; �F ,, : . '� ,� - ` . , � � �7 5 . . r�. . ��}��/y �P. . � � - f � � s � � f . . � • . . � � � . r' � . �. . � i i � � � �� � ' . . . � . . .. . . �S'.' . . . ' . � . , � . . . . . . . . ��' � . .. . . ..:f . � . . . ; ; . � � � . . . , . . . . . . . . � ... � . . . . i _ . . . . . . _ .. . . . - � . . . . , .. . . .. � . . . . . .. . . . . . . . ';. � . . . . ��� paym�ant of interes�. : - � ; ; Meeting adjournad. ` s� , . . 3 . � .. . . 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