GAS (4)
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~j~ "u,rA'TER FLORIDA
. CltEARn.n ,
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CA.SLIER, .JR.
IE. B. .....- CCt4MISSIONER
MAY_ GEORGE R. SEA.VY
R. A. DEMpSEY W. W. PEELER
HERBERT GRICE
COMMI.S.ONERS
", L. HENDRIX
CITY MANAGER
.J. "RANK HA.MRICK AND CLERK
CITY AUDITOR COLLECTOR
TREASURER AND
RALPH RICHARDS
CITY ATTORNEY
11:: 1940
February v,
Mr.'JEd~liip~~1i~;~~.so..... n... &. McMullen
c/'OC1:elirwater, Flo~1~fil.
-''C'!-
of Ole arwat~:t,'''''~~~'i~i .
.1--&.;. '1A"",,,.' " "8Y'-'-"'''' 01-:. .......>...""~.-.,~.. ........ Y'...;
"'V~l;"'~.ai:- "6~..;...~""",.I: '",ue, "
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'$ dlstrl..'-~"'+"
The semi-annual payments under this contract are charged on
the City's books in the rollowing manner:
To tal On
Semi-Annual Principal
P4y;trJent
2" and 4" mains $ 349.78 <!~ 180.00
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Distribution System 1059.93 612.50
I , Totals $ 1409.71 c!!. 792e50
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On
Interest
$ 169.78
447.43
$ 617.21
From the above it will be noted that eaoh payment o~ $1409.71
is diVided between prine~pal o~ $792.50 and interest o~ $617,21.
The unpaid prinoipal o~tm total debit is oarried on the City's
. booke as 0 :l'th1. dlI'I:.e i1r:i*""""~@~"''''@",'1:7:Q,~og'''''''~i,;Q.c:mj;raF t h,,~ ...
.'.~~.';\"ear.a:..~~~JtfIl!l'~i'~'ebf"~'P":\'fulhtii'tj'?,. '..
principal to be made during that time at the rate 0:1' $792.50 ~or
each payment will equal $231775.00.
The division o~ the January 1, 1940 payment between prinoipal .
and interest as shoWn on theCity's reoent oheok was inoorreot,
an4 should have been shoWn as $792.50 prinoipal and $617.21 interest.
O~ oourse, the owner o~ this oontraot might eleot to adopt
some di~~erent method o~ prorating eaoh semi-annual payment between
prinoipal and interest, regardless o~ the method used by the City
at Clearwater. This waul::! not a~~eot the terrna o~ the oontract
itsel~, whioh simply requires that thirty more semi-annual pa;~ents
o~ $1,409.71 shall be made by tho City of' Clearwater, the oontract
then being completed.
Tim
Sincerely yours"
.]
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E. B. CASLJR, .Jill.
MAYO. COMMISSIONER
GEORGE R. SEAVY
R. A. DEMPSEY W PEELER
HERBERT GRICE W..
COMMI.SIONERS
F. L. HENDRIX
CITY MANAGER
.J "RANK HAMRICK
. CITY AUDITOR AND CLERK
TREASURER AND COLLECTOR
RALPH RICHARDS
CITV ATTORNEV
,MT'~.~N."i
. CLEARWATER, FLORIDA
Febru8l"7 15. 1940
tilt. I ~a~J.Ph1111pa . .' . .Jfo~
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the
'!'he eea1.~~ PR,.Db undertMa contraet .... .~. on
C1tra booka 1n the .fOllOWing DIIUU1er:
Total Ota on
~ PrIncIpal Interest
'.~..t
2" and 4"ma1Da $ 349.'18
D1atrlbut1on S11ltea lO~9~93
To tel. . 1409.71
$'180.00
e 169.78
447.4~
. 617.21
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hoa t~ above it.).]. be Doted that each PIll/llllmt of' $J.409~ 71
1. d1 '1'1.'. ded. . . be.. ...fareett. '.' '. ,'. .p.~. .... "':'.' '. '.' ...,...or. rr. . .9.2,..50 1U'Jd.1tx....t:ere._...t... o. f.. ..,1617. ".~ 81,..
",. wpw Pl'bol&Of&~tottl1 debit 18 CV1'1ecl 011 the ChY'e
~~~~~'~~l_~", "'~"7"~t~.
-'prinOiPal.t()'bi"mallif'~ thtIt nme at the rate 6f$792.5& ~or
each pa~nt 1d.ll equal P3. 77 5.00.
The d1 v1e1oa of' the,.r....,. 'l..lIl4O ~t betwa, Pl'1I!lo1pal
:: ;:"~8:':: ':::- ~tat:.,1-t'1'l~-=,~=k':8~~ereet.
Of cour... the 01fi1epor thi. eontl"&Ct might elect to adopt
some dl,f.ferent metho<! of' proratln,g 8aoh 88m!-aftnual payment between
F1llc1pal and 1nt..reet. ....gal'illue o~ the -t:l:Jod USed 117 the C1ty
or Clearwate:-. 1lh1a would nOt af.fect the terms ot the contract
1 tee1f'. wbich 81l1p17 1"l>qtl1....8 that th1rty mo.... 1Iem1-lUmUal PIlymt>nte
or $J.,409.71ahalJ. be !!IIli;le by tho City or Clearwater. the contrae:t
then beIng completed.
6la.SO
$ '192.50
T/m
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I.AW OFFICES OF
CLEARWATER, FLORIDA
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PHILLIPS Xc THOMPSON
EDGAR .JOHN PHILLIPS
HARRY L.THOMPSON
December 17, 1937.
"~ ____,-_,_________-,____.____~-. "'__<"_,___ __ _"~. _,~,__", ,. .._,_-.-_......,__..~.~. .. _ ,..-n-. .""'!'".__,_____,~-..,.,.-.-- -_ ........... __.c ~--.-....,.-._~.
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Mayor, and City Commissioners of
the City of Cleaxwater, Florida,
Mr. John C. polhlll, City Attorney.
De ar Sirs:-
This is to formally notify you of the assign-
ment to Harriet B. Newberry by the Town of Bel1eair of
all of its right, title and interest in and to the pay-
ments due to the Town of Belleair by virtue of that
certain oontract represented by the ordinance of the
Town of Belleair passed the 28th day of January, 1930,
and accepted by the resolution Qf the City of Clearwater
dated the 3rd day of February, 1930. A oopy of the
said assignment is herewith enclosed and made a part
hereof. If said assignment contains any errors, we
trust you will notify us.
- 7;'an(i- 'to-beo~~i~:,~~!"tlirsr~~~~;~6~ ~~-r:~~'t;~:n::s~:~ee,
Harriet B. Newberry, 2222 Buhl Building, Detroit, Michigan.
...
,
"e further request the adoption, by the City of
Clearwater, of a resolution acknowledging receipt of this
notice of assignment and direct~ng the disbursing officers
of the City to make payments direct to the assignee.
Yours truly,
, PHILLIPS &: THOMPSON,
By ::7.r--;z:: ~
Attorneys for assignee
HLT/HHP
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In conslderatlonof the delivery of f1fty (50) Town
of Belleair Water and Gas bonds, being numbered 61 to 110 in-
clusive,withooupon., becom*ng due August 1st, 1936 and subse-
quent- attached-thereto', the""Town of Bellee-ir doeS\herebY assign
\'and transfer to Harriet 11 Newberry, of Detroit, :Michigan, all
\.,.jOOl~l.~~b~'~~'I~;~,~~:~~rest in and to the payments due for
-...... ....- .
. prInCipal and interest by the City of Clearwater to the Town
\of Belleair by virtl1eof ,that certain contract between the Town
of,Belleair and the Cll~1 'eft Clearwater, represented by the
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ordinance of the Town of Bel1ea1r passed the 28th day of January,
1930, and accepted>ll>Y' ,the resolut.1on of the City of C.1earwater
'>.-.~-d~ed'-t1i~..~~..,,~.,lebruarY', 1930, under which ordinance there {I
" ' ", '~~.~<;~,.~;~.!'I,I"<,,,,'i't~t?ttl\f:""'"'.l';;,;.~I'. ", ,
is no,'Il,due to the Town of Bell~air from the City of,c.lea.r..,!~~er a
"",""" .:~,;,<..~j..i,l,)w l"jbl'~WMlirllJi ,-~"""'II "'~ft<'"".'_"'I', "~j.tium..-;,,,i"', ',J_l .-,,-,d'i~~' ,.... '., '~-""''!'l-t'\'..,>" v: ..-;.:\!4'
balance for prinoipal 'of$27,7:r7.50, plus interest, and the
Town of :Bell~air do~:si;herebY' guarantee the payments agreed to
be made by the City of Cl.earwater for the full amount of prin-
cipal and interest w~en due, and at the times and in the manner
provided in the a.fore~~ld, ordinance, and the sald Harriet lB'. New~
berry shall have a?-l r~$p,;t;of caction to sue for, and to take all
~
legal steps she may d..m proper, or necessary , to make collec-
tion of the aforesaid sums from the City of Clearwater.
TOWN OF BELLEAIR,
"i,,_.~;t Z. H. Patte.rson
1l&1,O.'j:,~,~: .J"'~f!~~~l*~"..'ttll~""!.-".-
._.- --"~i.' ,..,.;,,'~''''
Attest:
J. C. Smith
,./"..~
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Mayor:
z, H. PATTERSON
Commissioners:
Z. H. PATTERSON
GEORGE F. GILLESPIE
E. E. REED
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TOWN OF BELLEAIR
BELLEAIR. FLORIDA
December 28, 1937
Mr. J. E. Satterfield
Ci ty Clerk
City of Clearwater, Florida
Dear Mr. Satterfield:
.'
J. C. SMITH
TOWN CLERK AND TAX COLLECTOR
I am requested by Mr. Polhill, your City
Attorney, to clarify your files by a statement to
the effect that the Town of Belleair executed an
assignment of the payments due the Town of Belleair
by the City of Clearwater by virtue of that certain
contract between the Town of Belleair and the City
of Clearwater, represented by the ordinance of the
Town of Belleair passed the 28th day of January,
1930 and accepted by the resolution of the City of
Clearwater dated the 3rd day of February, 1930
under which ordinance there is now due the Town of
Belleair from the City of Clearwater a balance for
principal of $27,737.50, plus interest, and there-
fore~1;he TOll'n of Belleair has no further interest
in the reveI;lues p~~'ibY the- 01 tyo-f 6l-ea,rwater
except insofar as the Town of Belleair remains
gu.arantor of the payment of the debt.
Yours very truly,
TOWN OF BELLEAIR
BY Z.).\-~
MA OR
ZHP:S
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