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ORDINANCE NO. 144
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An Ordinance To Be Entitled, An Ordinance To Provide For The
Issuance of Funding bonds,of the Town of Clearwater, Florida,
in the sutra of Eleven Thouaand ($11,000) Dollars, in
accordance with the Vote of the Electors of aaid Torn at
tho ;Election held on the Sixth day,of October, 1914.
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TOtiYN OF CLEARI'fiATER.
FUNDING BOND.
Bo It Ordained By The Town Council Of The Town of
Clearwater, Floridan
Section 1. That the Town Cduncil of the Town of Clearwater,
Florida, is authorized to issue negotiable coupon bonds of the
Town of Clearwater, Florida, in the arum of Eleven thousand
($11,000) Dollars, And that the proceeds of such bonds shall be
used for the funding of redeeming or paying-outstanding,
floating, or unsecured indebtedness, as authorized.
Section 2. That said bonds shall be numbered from ninety--
three (93) to one hundred and fourteen (114) both inclusive,
and shall be in denomination of 0500.00 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 pri.hci.pal.
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 Sixth Judicial Circuit in and
for Pinellas County, State of Florida, and said bonds shall
be in substantially the following form, vizs
UNITED STATES Or AMERICA, STATE CF FLORIDA, PINELLAS COUNTY.
NO. 0500.00
KNOW ALI, MEN BY THESE PRESENTS that the Town of Cloart 7t6r,'
in the County of Pinellas, State of Florida, acknow-lodg6a;;
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itself indebted, and for value received hereby promisee to
pay to bearer on the first day of November, A.D. 1944, tho
principal sum of FIVE HUNDRED DOLLARS (:500.00) together with
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interest thereon from the date hereof until paid, at the rate
of five (5 per cent) par contum per annum, payable se4d-annually
on the first day of May and the first day of November, which
interest to the data of maturity of the principal is evidenced
by and payable upon presentation and surrender of the annexed
interest coupons as they severeally become due. Both principal
and interest of this bond are payable in gold coin of the
United States of America of current weight and fineness at
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1 the Mechanics and Metals National Hank, Now York City, New York.
1 And for the prompt payment of the principal and interest
I of this bond as same respectively becomes dtte, the FULL, FAITH,
CREDIT and RESOURCES of the said town are hereby irrevocably
pledged.
THIS BOND is issued by the Town of Clearwater for the
purpose of providing funds for funds for funding purposes in
' the said Town, and is issued pursuant to the authority contained
- 3 in Section 9, Chapter 6046, Laws of Florida, 1909, and has
been duly authorized by a favorable vote at an election duly
and legally called and held for that purpose and by resolutions,
ordinances and proceedings of the Town Cduncil of said Town
duly passed, approved, and adopted.
AND IT IS HEREBY CERTIFIED AND RECITED that all conditions,
' acts and things required by the Constitution and the Laws of
' r. the State of Florida to exist, happen and be performed precedent
r to and in the issuance of this bond have existed, happened
and been performed in regular and due form, time and manner
as required by lave; and that the amount of this bond, together
with all other indebtedness of said town does not exceed
any Constitutional or statutory limitation.
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IN WITNESS WHEREOF, said Town of Clearwater has caused
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';° ;; .:',<. this bond to be signed by its Mayor and attested by the Town
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Clerk and its corporate seal to be hereto affixed, and has
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: caused' the annexed interest coupons to be authenticated with
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the lithographed fac simile signatures of each of said
offioors and this bond to be dated the first day of November,
A. D. 1914.
{ JCHN R. JEFFORDS,
Mayor. '
•(Soal)
R. T. DANIEL
Town Clerk.
(FORM OF COUPON)
N0. $12.50
' On the first day of May, (November) the Town of Clearwater,
in the County of Pinellas, State of Florida, will pay to
bearer Twelve and 50100($12.50) 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
York City, New York, being the semi-annual interest then due
on its Funding Bond, dated Nov. lst. 1914 numbered
JOHN R. JEFFORDS,
Mayor.
R. T. DANIEL
Town Clerk.
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VALIDATION CERTIFICATE
VALIDATED AND CONFIRMED BY DECREE OF THE CIRCUIT COURT OF
THE SIXTH JUDICIAL CIRCUIT, IN AND FOR PINELLAS COUNTY, STATE
OF FLORIDA ON THE 93Rd. DAY OF OCTOBER, A. D. 1914.
W. 0. Wiecking.
Clerk of the Circuit Court of the Sixth Judicial Circuit, in
and for Pinellas County, State of Florida.
Section 4. That a special tax of Five Hundred & Fifty
($550.00) 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 payment of the interest upon the bonds, and in addition
to the tax for the payment of the interest as aforesaid on said
bonds, a further tax of such amount as the Town Council of
said Town shall doom proper and necessary shall.be assessed,
levied and collected upon the real and personal in said Town
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-County
Bonds., ...or outstanding bonds of the Town of Clearwater, or first
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class improved real estate mortgaggs carrying insurance for
full amount of loan.
Seotion, 8. All ordinances or parts of ordinances in
conflict with this ordinance are hereby,repealed insofar as
they conflict.
Passed by the Town Counoil of the Town of Clearwater,
Plorida, this 27th* day of Jan. A.D. 1915.
J. R. TH014AS.
President of the Torn Council.
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Attest:
R. T. DANIEL
Town Clerk.
Approved by me this 27th* day of January, A.D.' 1915.
JOHN R. EXFORDS.
Mayor..
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