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An Ordinance To Be Entitled, An Ordinance To Provide For
The Issuance Of Bonds For The 'E'xtension Or Alteration Of
1 Sewer System Of rho Town of Clearwater, Florida, in the sum
of Eighteen Thousand ($18,OO0) Dollars, in accordance with
the vote of tho Electu.s of said Town at the Election hold
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on the Sixth day of October, 1914.
Be It Ordained By the Town Council Of The Town of
Clearwater, Florida:
Section 1. That the Town Council of the Town of Clear-
water, Florida, is authorized to issue negotiable coupon bonds
of the Town of Clearwater, Florida, in the sum of Eighteen
Thousand ($18,000) Dollars, And that the proceeds of such bonds
shall be used for the purpose of extension or alteration of
the Sewer System, as authorized.
Section 2. That said bonds shall be numbered-from thirty-
one (31) to Sixty-six (66) both inclusive, and shall be in
denomination of $500 each; said Bonds shall be dated the
first day of November 1914, and mature on the first day of
November, 1944; shall bear interest at the rate of five (5
per cent,) per'centum per annum, payable semi-annually on
the first day of May and November, and shall have coupons
attached for each installment of interest. Both principal
and interest of said bonds shall be made'payable in gold
coin of the United States of America, of the present
standard of weight and fineness, at the Mechanics and Metals
National Bank, in the City of New York, New York.
Section 3. That said bonds shall bear the certificate
,of validation of the Clerk of the Circuit Cout+t of the Sixth
Judicial Circuit in and for Pinellas County, State of Florida,
and said bonds shall be in substantially the following form,viz:
UNITED STATES OF AMERICA, STATE OF FLORIDA, PINELLAS COUNTY.
TOWN OF CLEARWATER
SEWER SYSTEM BOND,
NO. $500.00
KNOW ALL MEN BY THESE PRESENTS the Town of Clearwater
that o , .
in---the;County of Pinellas, State of Florida, acknowledges-,
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,t itself indebted, and for value received hereby promises to pay
F to bearer on the first day of November A.D. 1944, the
principal awn of FIVE IIUNDRED DOLLARS ($5004.00) together with
interest theroon from the date hereof untilrpaid, at the rate
of five (5 per cont.) per cantum per annum, payable annually
s s.
on the first day of May and the first day of November, which
interest to the date of maturity of the principal is evidenced
by and payable upon presentation and surrender of the annexed•:..
interest coupons as they severally become due. Both principal
-and interest of this bond are payable in gold coin of the
United States of Amerioa of current weight and fineness at the
;. Mechanics and Metals National Bank, New York City, New York.
And for the prompt payment of the principal and interest
of this bond as same respectively becomes due$ the FULL FAITH,
CREDIT and RESOURCES of the said Town are hereby irrevocably
pledged.
THIS BORD is issued by the 9Town of Clearwater for the
purposo of providing funds for extension or alteration of.
sewer system In said Town, and is issued pursuant to the
authority contained in Section 9, Chapter 6046, Laws of
Florida, 1909, and has been duly authorized'by a favorable
` vote at an election duly and legally celled And held for
that purpose and by resolutions, ordinances and proceedings
of the Town Council of said Town duly passed,' approved and
' adopted.
AND IT IS HEREBY CERTIFIED AND RECITED that all conditions,
' sets and things required by the Chnstitution and the Lays of
•,. the State of Florida to exist, happen and be performed
• " precedent to and in the issilance of this bond have existed,.
happened and been performed in regular and due form, time and
manner as required by law; and that the amount of this.,?bond
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together,with all other indebtedness of said Town'.. not,
exceed any Constitutional or statutory ?imi;tation.
SAID ToWn of Clearwater has caused
IN WITNESS WHEREOF
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bond to be signed .by-,its Mayor and attested by the Town
this
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Clerk and its ?opr&rAto seal to be hereto affixed, and has'
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caused the annexed interest coupons. to be authenticated with
the lithographed fac simile signatures of each of said officra
and this bond to be dated the first day of November, A.D91914.
JOHN R. JEFFORDS
Mayor.
(SEAL)
R. T. DANIEL.
Town Clerk*
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(FORIA OF COUPON)
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N0. 012.50
On the first day of May, (November), the TdWn of Clearwater,
in the County of Pinellas, State of Florida, will pay to bearer
Twelve and 50/100 ($12.20) Dollars, in gold coin of -.the
United States of America of the present standard of weight
and fineness, at the Mechanics and Metals National Bank, New
Uork City, New York, being the semi-annual interest then
due on its Sewer System bond, dated November 1,1414, numbered.
JOHN R. JEFFORDS.
Mayor
R.T.DANIEL
Town Clerk.
VALIDATION CERTIFICATE
VALIDATED AND CONFIRMED BY DECREE OF THE CIRCUIT COURT CF
THE SIXTH JUDICIAL CIRCUIT, IN AND FOR PINELLAS COUNTY, STATE OF
FLORIDA, ON THE P3rd. DAY OF OCTOBER, A. D. 1914.
C.W.WIECKING,
Clerk of the Circuit Court of the Sixth Judicial Circuit, in
and for Pinellas Co unty, State of Florida.
Section 4. That a special tax of Nine Hundred ($800.00)
Dollars shall be assessed, levied and collected each year
upon all property, both real and personal, subject to taxation
with the limits of the said Town of Clearwater, for the' psyment
of the interest upon the bonds, and in addition t o the tax
for the payment of the interest as aforesaid on saidi bonds, a
further tax of such amount as the Town Council of said Town
shall deem proper-and necessary shall be asaeesed, levied and
i - '' collected upon the real and personal property in said Town,
r' < r subject to taxation,, for the purpose of providing a sinking
fund for payment of said bonds at their maturity. The said
sinking fund so -raised shall be invested in State and
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County Bonds, or outstanding bonds of the Town of Clearwater,
or first elass'improved real estate mortgages carrying
insurance for full amount of loan.
Section 5. All ordinances or parts of.ordinanoos in
conflict with this ordinance are horeby repealed insofar as .
they conflict.
Passed by the Town Council of the Town of Clearwater,
Florida, this 27th day of Jan., A.D. 1915.
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J. R. THOMAS
President of the Town Council.
Attest:
R.T.Daniel
Town Clerk.' _ r•
Approved by me this 27th day of January A.D. 1915.
JOHN R. JEFF ORDS
Mayor. :"a :,•.
(Seal)
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