55016
e."ra y ,.r.:?
m „ .r.
f'YT
R g ? . ?. . •? n''.a ` a ?'r', -fir .? e: ; .
d -
r7
?+t.r+.< e'ft. .":77.5 ?Ni` '.,};*:? .?'?`-',:+.= .ar'"F'. ,i. »+:. !,. :i ":1';??:.;, :. ., '?',?.; ?1.. ;,:•,.,t ;,'
}r
,•r )'fie` [ ?i•. , A•. 7
i • h . T». pie'' 's ? ? ? r ,? .
s ,r. ? :4 fir • c s. r .
1"
???' .t, r ?F,• f.? fdl .s5 v. fr. +'"f ?!'• t Y b:
!' u
",e<1, 1.0? ? .": ,.. .-.T1 ...,.?, '°'i.':" 'Y.v ' r +??.. n:+•y,:y:Ea.... ,:.S.i? °a.-aaiy`'.ar-..+e:. s a.w.ft??''•i' +t•
{ m,-? r •-"'4' ?S er: r?Y rYfM?..4 s, •M;l'tiq. J. .. ?'?{ `?'^?,.....w., ? . 1 ?3'?'r, y. , 's"_ . -+ - '`e'{ ? r•" .. ..I'?.: ;? ` ° . , : t"i
°. Pi )'.3
. ,.a??i4j ?? ...ta ?.ss k,•;a: a' .r .?L???•'':,,;?k"str F?=1' .
,. •` ±3; (rYk.U.Sl?`'„-•?• Jig r. 1»,Y•.d?P4t _ k', . ?"1 _ _ _. ... .. .. .-..? • -. _ _ - '.! ,, f,.,::r, a r '.
?g'41*' ??• i..., .S°ss r s. .....,?. ?! S? ?'j ? ? .. .... ...?. ...W ....r .rr. . .
V 5,?. ?r•"ti la7,i?,.?:4?'?. •'Y4? k O fK? ,
CITY COM:IV51011 1411=z foOlIT11rum)
1iuvevtbar 17, 1947
JF
Yihoroupon the Mayor declared the motion duly carried and that said
Ordinuitoe was duly adopted on three several readings.
?.. 4.' `.I'` ': :'' c' ?`. ;•,V. ,', • '' C It was moved by Commissioner Johnson and noaandod by Commisoicner
Walla that u aoljarute vote be tul an upon the provinione of said Ordinance
that an amergency exists requiring it to become affaattva upon adoption.
,a' ;,• : •,' The Mayor having put the quaation on the motion the roll wan oallod and
the following voted:
i.yo: T.A. Johnson, Harry A. Sargoant, '7.C. 'Wells, J.11. Crone, r.O. Itouze.
Noy: Clone.
er;•`''' Whereupon the Mayor declared the motion duly anrried and that by unanimous
vote-of the City Commission the ordinance is effective as an emergency measure.
The City l,uditor and 'lark announced that the said ordinance had bean
signed by the Wayor
ORDiWICE 110 550 -
';`;'.', ,4! r :,x'•:.',':?;, .,ti ORDIIL,110authorizing the issuance
of :525,000 Municipal Utility Revonua
Certificates, Series of 1947, of the
City of Clearwater, Florida, and provid-
'?;''%tti?'"`M' ing for the payment of the interest an
i" „i,.1F=;?: •,ti,- 'L?: 4,.f;?,'' and nrincipttl of said certificates. •;.° `-`r?''s.,•.'G.-.,..?•'
I.'J , 1 i. 1 , , ? ,: :. r'ly 7.4.5 • `??„ryi ?{r(„' '
'f. ':r -,y St?;.i,-,r. f. .: ?fLr P"JS,' {? I4)r``'";• r
s',;i•s??
V' - 'd?:'sr i 'r t' •i?F' L^: r ?''S?I!"w'" ]
?Sk i}'', .:, spa - 9'•?' y.>• .--?;•! 1. s.w dr ', '':L.
rF?•• fly ;''?•C• •-'}?"' ° ';?H Ft?i.S the City of Clearwater, in the County of Pinellas and State of '-• `.t:s'•Yy?t'?•E'is- '
Florida, is a municipal corporation duly organized end operating under the
?; ;.w?: {;:J`?F•? -:,??. `'+••• .?? ;, .; Conatitu ion and Lusvs of the Stets of Florida, including'purtiauisrly Chapter •?-'F`z?'i'?,?:,r., .?'a""
}'
v!•'_ 9710 of the Special „ats of the La islattse of Florida 1923, sa amended and • t Et+?i'', lrn 2,
pursuant to said cht.rter lair said city now owns and operates utility properties
;rg<;,? '!.l?,• :z,`a?,';'' supplying ;pater, gas and sewage services in and to said city and its
inhabi- tants, and under authority of said charter low and laws supplemental thereto ' _ =:f't::4'" -;• i@,f; ?'
<9i •'= 1`,'} `f.5'?'F? A',., ?. `, .._.-:S ;r•..:., _, 5.,::A E ?'• , .
said city is empowered to maintain, operate,improve and extend such utility
a.;';; :%"'`r^ sT`r
proportion and regulate and fix reasonable rates snit, chbrgeo for the services
furnished thereby; and
WFi.d.,.i said city not, has outstanding its 'Mater Renaaue Certificates 71:.,rss•/f' ?:???+•,•?s?-... .{
dated Asasmbar 1, 3935 in the principal amount of 451,000, bearing Interest
?1" 'k,•j+ V'r' , 'a' `` ; `:`: at the rate of four per cent per annum and maturing serMilly on December 1
of each of the ears 19L7 to l
'; ;;.r.''_;t,b?;;:•,..-' •';,,^: .r-..:• Y 955, Inclusive, which, by their terms, are payable ry °G?;:;,?i*`;rr;'.'`r.,????;f?..•r{
from and sectored by a first charge on and pledge of tho revenues derived from ;;: ..,,y .,.; ,;;-•:= `'.
:; 7 •;':, ,:; " the operation of the portion of said municipal utility properties supplying
'1`'` `` ';Fbti,•;? ., water service remaining after payment of coots of operation, maintenance and
?.; ;rc•' ,, repairs of said portion of said utility properties; and_;
i•t: << _ "'? i.•H -M2T..t.S said City now has outstanding its pas Revenue Certificates dated t: s
ilr, ;r, 5? Deaembor 1, 1935 in the principal amount of @59,000, bearing interest at the '., .w'-•': ;,
t --gt'•: t' -ri, .4• }.,r .,, gt'}•'. r'; J??`( ,?;.? '1F`n_t"• 1.7 +'. :;i.
rate of four per cent per annum and maturing serially on December 3 of each ,, - ?s.;::,t.,;? - ;•s;t,: ?
?'• t :-'{ ' ?J;: •
a i..:,.r sn of the years 1947 to 1959, Inclusive, whichr by their terms f are pay
;?.'-,a`.?'??`;?'rw . :''L ? .• , "t•= ; 'f able from
r.
,t?;tc',ti?,=;n,;•,?,'i:; ,•,::.,.=;?s,.-:? r and secured by u first charge an and pledge of the revenues derived from the ;•-
?,.=,;H;•~._?;.,:'?;,Y operation of the portion at said municipal utility properties Supplying gas
service rcouining after payment of coats of operation, eainton6naa and repairs
' ' {t.)'? •._: : of said portion of geld utility properties; and
!Y r,1FFt r. ?vj(; •'?'?FY,2: Yer G' `SY ,µgJ ;:t: V'_
•„'tk, ,,;.? aE,;??+? E?~' ` ? AS said City nee also now outstanding certain Gas Plant and Salver -'??r? .?.;• .,.,-'
System Refunding Revenue Certificates dated October Is 1941, which are the ;':-- t''`??5:?:' f'' ?` "• ;y t'
unpaid remainder of an original authorized iasue of
$2599000, authorized by Ordinance Number 484 adopted by the Board of Comvissioners of said City on
• '. s. ?`'. 11.-''}Q;.?-,#r :,;-4P'1`.?'' .+.•r?° - ' wC':.?Y:c'••:. 'r?ri.;. i'?: ? ,
'+,=.;?,::,,,•_??, ,.... t•,=.?'?
•-?,•j?S iP '? 5;??.,?,+4r fU`,_???+'.:?. +!;k.i::,,-, .,Tanuury 9, 1942, which certificates bear interest at the rate af` three and
ans..aaorta, Per cent per annum and by their terms are payable from and ,}' '-='w:r.• ,_ :•, " }:
secured by a :first charge on and pledge of the revenues derived from the ,`•` ' °r` :;+ ', } )j
vpeririion of the portion of said municipal utility properties supplying
sexier service remaining Lfter payment of coots of operation, maintenance
. I
:';. ? z==.='•.•}:;:.;. ;; ;r...
Ifrf „ {?• . and repairs of said portion of said utility properties and by .aladge of tha
a - .¢
revenues derived from the operation of the martian of said mualciFla utility ? ''°?'.:• E" 4r- ^ `-4'•''
y. - '• . /?:..rt:.y,.t' ,'?,,Y? ,` properties supplying gas service remaining after payment of costs of operation,
maintenance and repairs of said portion of said utility, properties and after
? J ?`• t'b=:f `+
•^??''"'; -???'?b tw??ff''???`''??v 1;,,:,`=t-• there have been made therefrom all a• tnanzs required to be made for the
??' h ??:?? t 4°.?1?1,•:??=j?`` benefit of the herelnnbove doaoribed Gas davAaua Certificates; and .;•+.?:,,:,},?';:??;n;?-_,,3:;,,?"
ag _ "r ';` {°.:,'?"." ?,`-; fit. ?,y - r,, -S. • •. !.`
i s
of the portion of said nuniciPel utility p-*' a ?erties ,,; <. Tr{,•
WIEZ-FZ the revenues "-
s fi` r
134
'?. r.;. 5 r3 suppl; lag sewer ;ervlce und gas service uvuitable for deposit In the Salver
i
:'..w
Revenue Fund created by Section 8 of ssid Ordinance Tumbsr 464 for a period
of not less than twelve consecutive months preceding the edoptior. of this
ordinance, to wit, a period of 12 consecutive months hc•ve been equal ' ;`"'-rr •'LF `: to at least one and three-fosirths times the arsoudta required to be deposited
f . n in the Operation r.caount for vihich provision fa muds in said Section 8 and
` ?,?_ !y ^"n! ^- . e.? ' ?..- _? [?€ r 1x1., r
t
..7yP,-+"+K•,r^p r,'• ..ergs. '..f„ - ,.,. N... ,,,,r St •? ,; .•i s a`itxf`. wYs'st sP, fF'??? ct ' >>I
ryTri
71
:? ?.t•l".'f.'-. ': ,a" :7n7;` :? .. .,... .. .. ,, ?.f`•.° >.. ;.,• r?r_`. ,.me..,,... _. r .».irr.'---?•---••_`.ti.-"_r..?. .....?_ -__.__ _..-..-- ?..r.-„?.,r'?:.t.?'•
.i'e'.'.• .' fir: 3 ., J1. c-, 4' "J
•?`Y s'li't, .-'4j` l-?' S.
S'.
%
;Yakk "ice -:t-
, ' Jtrt ? w,
p k ? ? 45 •" :':•.ii Y ; °1 ° e't .,J . 1.! f Y
T? f o-L?-.' .3; .l'• •yi `fit's '.r%: 7+I;c^ol°.S:`
} .J >li'G (l'. , ?1
v gk 2 _ sJ• ? S
J •t!i N .rt ?? • t p?n 1 .. »S
?`':•'C rS mss' 'f?ak, r 3. 't' ,fc.xct?:
•'s ??2° ??3. i,s .. x.".. '!?'::,- ..1.. 1^!=°:;nti S•,-:; `?rti .:a.wr '•: v..
"'t. 4. .S•' ,S%: ....?.«,`?.'.'-t`..•.:1':•-':":.' ..,, „ ...?>} y ,`+ ,rte .'S.
gg b., '?,. i?•?1M111r ?kws`r.:.,"!.'riait_••?•'Yni- :,w, - .?,y,4. «, .. -.` fr•i y.6-4 7,' P y, .T'?x,.'"".?.' .d•..,'{.,"''?`:?.; -"',.: `+-
1 °'? s?.C•? Y?k'. `id' y` h j:r,3'• a !.+'t?#?AhH? 5't, • y •? ? ?l•'t?, '?'. ? ? ?:J."_"-h;:-f3 .Y,` r i Y, , -, 1,' „ .?, , °ti;
-,r 1v
• '»x t{,7^ff'1,, !5?'!C 3' 2;*i' .?? - y .. -?.r... A ?- ?_. ._ ?_- t' rYr '.t :'! x1i '!• ? -
F i; a`ij:.`.F??. =;.iRSS'?,?r `?; .??f+?t . :-` -"ere..^7,?r'^?"e».-•?..,,.t .. ••rw.r•?.-, ,".a+..•..•,-?..=.a..•.+-?....»-^•^•^.,?.?.-.-.--.+.?-.-.-?-r-«-' •_ _. -?. _ _ r .. ,..-..._..u ..,., w..,.,,..- .,i
required to be dopoulted In the Cortifiootas Sinking Fund for whiali provi: ior.
ti it is made in nald aeotion 8; and
:: ' W .'-,<: ,•.' a-,; l:}iMasS the City Commission of said City has heretofore combined and
-' consolidated all of said municipal utility proportion supplying water, rran
and sawugo aarviaoo us aforesaid, and in order to maintain and operate said
' combined and oansoliduted municipal utility propartiea !-t is noaaaaary for the
` preservation of the health, convenience and safety of usid city and its
inhabitants to oonstruat improvements, betterments and extensiona, and to
" finance tho.coat of other improvements, bottermenta and extensiona heretofore
made, for which purpose it is accessory that funda to the amount of 'r'ive
Hundred Twenty-five Thousand Dollars (;525,000) be provided; and
:ilth`BFJ.S all of the obligations of said city as undertaken and expressed
by the proceedings pursuant to which said presently outatanding Water ?tevrnue
Certificates and Gas Havanue Certificates were issued are current no as to
enable acid city at this time to issue additional revenue certificates, an
"
hereinafter authorized; and
k r .7heroas the estimated revenues to be derived from the operation of said
combined and consolidated municipal utility properties ore more than ample ,` ,'•''.
to pay all operating and maintenance costs, to pay the annual interest and
sinking fund requirements for said presently outstbndiag ':later Revenue 1:'z•
Certificates Gas Revenue Certificates and Gas Plant and Sewer System Refunding
:revenue Certificates and to pay the annual interest find sinking fund requirements y „': ; !,>%; .•z""%?.•"
G` - for the additional revenue certificates heroin authorized, the average annual
net earnings during the ensuing twenty-five ears having been estimated at
e more than 3 150.000
21OFl, 3'H-tEFait:, !Is It ordained by the City Commissioa or the City of
rr
.:: ° .rp . ••r'. ?t`,.'a z?:
Clsurwator Florida as follows: .y? ,? ,,,.? - i •
?t ;Z
`si'in?r hr ?1 J': 1' .T ,?.i.•.L. ?(•,••a`n t'??,'"?."`
;;r:,c:F•*.`: :'r_'i?;:a:tl Section 1. That all provisions and declarations for the ownership, control
" " `•: "`' operation and maintenanoe by the City of Clearwater, Flozidu, of its municipal
utility properties suPplYinE. s uater, gas and savage services in and to sold
'°"`'$ `? ' 'i'=.•
rod.t:s,ir.7>•µc
' ._,;;• sit on a combined and consolidated basis are hereby ratified and confirbad g3?,
and so long as u of the revenue certificates hereinafter authorized remain R':??''r' tC ; 3'
outstaudin and unpaid said ,:runici ul utility properties shall be so owned ?? ?? ??i?h'?>l. F?ll,?•?4??t??1''
controlled, operated and maintained, and shall constitute the security for said revenue certificates hereinafter authorized and provided.
;;;";4H';?'?;,, z'
-„I That for the purpose of constructing improvements, setter- Vs`i ~t,4,I1
Section 2
"
meats and extensions to said taunicipal utility properties and financing the i 1€"r?tar-•"°3 r``'
., ,_ .t.. ?°° y,:t•S'?1 V:',??•i ?r: i'tr., }
oast of other improvements, betterments and extensions heretofore made there fps.};:;: 1<
be and there are hereby ordered issued the negotiable :S:uulcipal Utility "I > ,-_ •,?=.• z`'+
Revenue Certificutes, Series of 1947, or said city in the total principal v. { ,' ;••a?:,•r''
,tF. ?,';`, r,'.•.3,.t/i 'f:.' '.?
amount of Five Hundred Twenty-five fi, _houscnd Dollars („525,000), Said eertl- 'n='???:;?;.':}=y, ;?%zi`.•;`'-, ;
fioutes shall be in the denomination of :51000, shall be numbered 1 to 525, in- ;Y<.rtf: ••ii:,;r',+:,:_•, ??c?- '
uad sbull bear interest until y , Paid elusive, shall be dated December 1, 1947, i•rr:°i.x g i
»3t';•°.°; '?:`'•.+: ',;•,t` '
H'-r at such rate or rates as shall be hereafter determined and fixed by suople-
tive bidding and public sole of said mental ordinance us a result of oampeti, a :r ::;•,.;y'":; .' revenue certificates, as hereinafter provided. Said Interest shall be raytble
semi-annually on the first days of June Pad December of such y3or, bad said
fir } •E.
' certificates shall become due in their numerical order on December 1 of the
respective years as follovis:
Year l.mount Year ;.daunt
1.'•z.' :1. "'e'; ,; 1 ,Vi`''i .. :;•=.?-S ?,J ?: ?' }? }r., '' ? ?
?•? ;°
1948 426,OGG 1956 333,000
?:' ;~•"y: ,1: ?`'`'':'' 1949 26,000 1957 34,000 1950 28,000 1956 35,000 k
1951 28,000 1859 36,000 ;;?'-'-- ;
1952 301000 1960 37!000 3 . ; ::..:. , ,..., '..'•ci.
ter;'-: i.1s'' ,,, ,????':- F:i r i•',. ,.:. ,. ?; ?; ' 1't ..: i'r
1953 30,000 1961 38,000 . , , •.3.r,?;J„°iT-?'Y:'.+
i'T'` i ;v, vt f 4
1954 31,000 1962 40,000
1955 32,000 1963 "'000
IL ; J 't 'A' -• ?' '^'?yY -i.: ?Sr'' ;'+ sr Nf ,'-.R ^ S
%
I :Ya1l.f j:': ?:Y tnciusive ''.rroJ?.s3 k j:'i3. E ?1•.., •i: , .
provided that said eertin _leLtes numbered 139 to 51 •-5, ., shall be
a .?L-r t'F..I` i:t`.'•y°F?.*'+r'.T .t' a:" 13: ,•t.:<f-r c. ,
? .' _??' '?: ;.. Y,x;:',. 'r ; •
optional for redemption by said city prior to maturity in whole, or in
part In the inverse order of their maturity (loss Lhnn all of a single ,?'e'??'';:?'?,??'?.;?':??,•,.,•:;•' `
?`;y •'`;'maturity to be salaeted by lot) , on December 1, 1952, or on any interest:?:
Y?'•,.;s payment :sate thereuftar, Lad in the event of the exercise of such right of ? °` ,lT? '?}:4•'j`3t
of said certificates as i,foreaaid sul3 uit LAroes to Yay
redemption of any
r..-..r.':•=„x':;.:•k. 't-.
?• L4'y'?f. :). •i' h l.u.{ k
to the holder thereof upon redemption of said certificutas intarest in
addition to that evidenced by interest coupons then accrued, in as c=ount ': ? J .';°, st?•:,.
a u'.1 to three per cant of the princi bl Lwount thereof if called to
J,f s ?si;4 •-• ' >:'"'Yt redem t7 tion on or rior to Dooamb {
or 11 1953; two p ercent 21f,) of the principal mod''` fife `" ;
• ?"; o =" r t'? ;?.'ja"'tt "?r''jrt>`: •,''•?`-?7i t•,;?'.
?s?"`_?•,: s, am un it called for rsdesptlan therePfter and on or prior to trq}},,
o t thereof .',
•}? i M ,4
tJ•` k
ism
?'?5:,'=..??? ..-.tC'?_..".,.:'i <. y;- T-, ?-. ..? ?a....- .. ?. .t.»•?; "4 ? .. - ;;a •?- ;t;•° - - .. ..?•..< ?.,, ... R..yX-s„i.,.?
7 -7 7177,
7
,6r V.t' ? Il 't,1 ,r_`?ti.'r •'( ..,•, 5 '.t,. :r 'f.
,'•i ''a: ;i 'st?.r..•. 'rw?4'+tr:y:?-p(T1, g}r.'r. ^,',? ..": »..
' c`' ": ?''. ?`t!r'. ?•' ;?'_a t . , t. M ' i= rt.S'''1`.,'.?..r`°;?t:?:._ r"?. ? '
' Lir. ._R +: - 't .-c ; .: .;',R, 1.• ,- ar.v Xqm. P. k. f°. k f r' •
7•
S T •?1',.1' 1 G,'
• ,;n,?Y ? S'' t t • i? t
s «L. £. .
.:'F. .y1 J'. '.§ F. S fry. .l
Y. .TLS
C: y
i[<••" 11 :.t :•? t? '. :, . s•
' '
j,.
z $ .i ;' +i' '} 1t "mil 7.br
h .taw w? 314et 'q.
4
z s. ?'"J"?a^k` ,:axkry.-C.'..yxRGv' ^ '-•i',:•.:k:?€M-.?SL,...;'.:,. is? -,.,_7Rw Y yy ]]?3:5•i;,? .:3+._ T;'t=?'aYyYJ.T: `"#?iJt??,,.•.?«..:?:aa:.r:L'X'? K• •' ??;'» E-r... rs.;;
.."- • r"'I,", • " Z t ._ ..>'r'•i !r.l?" r'1• ??} /''1';;?°15.. ..-'`.`?.s :,+i#„.4'.q, c. `F i'fi
?R ii-Yi?? ,3?'S,•l?ji3+§'t, V;-tSf,Y, ?1'?f'}I.";?;?
I'=. ,r;t..;Y.:?cJ?dx?`y.er??.''"rt'?.,::t?},`y
's. ;fir ;i'^?. t{?,.t•..; ;?
':'A??y: ''. 4 :? "j '`'"?`•,? = 711
r l: Yd•'`.3 ?a !i• tlf• ,plf7 r.`..rr,: SJ
"" ;'; .. ?:: `'.: ??•=' -
al.
a- ' .AC `,.:
.:fie .}?., :' ... ,R ?•' .der ;.iA, J?'
i?y'?l}' ,-'6. ?jtri? it-?'. .''•i? '.Ii+. ?i t.
"? °7?y? ?S.r• Y4?tfa:F°s+„rlt?k?.;{. .'ar?i;t'
-Mr... (• _ A=
_ - _ _ '?.•-fib xir
'ITT JWL.
I13vembur
(Form of ;.Pou;ron)
Un the first day of 19_, the yity of Clearviuter, Florida,
will pay to bearer Lt , in the jity of
the aura of Dollars ;? ) solely from the
upucial fund referred to in and for the aeml-unnuul intoreut then duo upon
Ito t:unieipul Utility itevonue c;urtifieate, Serles of 1947, dated December 1,
1947, Numbered , .
City ..uditor ?n 'lark
t, ty .?oaugar
Lu?Jr-::3:SLtiar3 onar
("Form of Validation Certificu a.)
Validated and confirmed by a decree of the Circuit "ourt of the ;iixth
d'udiaial Circuit, in Rand far Pinellas County, Florida, rendered on the
day of , 1047.
Clerk of ss c rau-t court
(Cartificuto of hegistration)
This certificate may be registered as to principal an the books a. the
City ..ueitsr and Clark of the City of Clearwater and notation of such regio-
trutlon muds hereon, end this certificate :::ay thereafter be trunsferred an
said books by a viritten usAgrnent by the registered oti'raor of his attorney,
duly acknowledged, or proved, 'and uotation of such trLnafer endorsed hereon.
_ua:s transfer may he to bearer end thereby transforabilit;; by delivery shall
ba restored, subject, however, to successive registration and transfer as
before. 'rho :rincipul of this certificate, if registered, unless registered
to bearer, shall be payable only to the registered owner, or his legal
^epresentutivo, but tile coupons appertaining hereto will remLin payable to
hearer, notwithatanding reGistrat'ian of this certificate.
Hume of Date of Signature of
Re istered Holder Ra istratton Cit7 huditor and Clerk
Section 5. That said MUnlaical Utility hevenua Certificates shall be
registerubie as to principal in accordance t',ith the provisions for rogistre-
tion hereinbaforo provided for endorsement upon said certificates, on: the
,ity :.uditor and Jlerit is hereby appointed and designated Registrar for stick
purpose. Ila charge Shull be made to any holder of said certificates for the
privilege of registration.
Section 6. That the City of Clearwater hereby covenants and agrees erith
each successive holder of the t:umicipal Utility Revenue Certificates he.ain
authorized and the eou,lons thereto utteched that so long as Uny of the said
certificates are outstanding it will continuously awn, control, operate and
maintain its municipal utility pro?orties supplying water, giis and sewage
sarvines in cad to ;aid city on a combined end consolidated basis end will
of all ti.-ies fix and maintain rates and collect charges for the f;,cll ities
and services afforded by said municipal utility proportion fully sufficient
of all tiLUes:
(a) To pay the reasonable end necessary cost of operating, maintaining
end repairing said utility properties;
(b) To maintain from the accountable revenues from the portion of said
utility proparties supplying viater services and facilities the ";.etarwarka
Revenue iortifieatea Sinking Fund" provided and required to be rointuined
to secure the payment of the presently outstanding star Revenue Certificates
of said City dated Deoembar 1, 1935;
r.
?11rt+-?.-
:?.':?i
4W, ?K -4
.i
?rr:-?•a
o.." e .>fr `:. t'"«4" ?:: `1?.3 ?•':l jam" ,
1r }. {tJ'?
`ai yi•;. •d`•: iS;'r'?`#••rirl
`LLYi,
,t
' .17.....7 ... ?•'-^sr;.s = ..,.c. ?..., •...-. ,... "' :. • .. . .. .. .,. ... .... ? r .. •' . . ? , .. .a ,y_..„,xw r.:r'a?i e??;{a
?...7.R
._"_ ._--.-..
^" _ ..'r ...-... _??-...._..T?_-...-_......-.-.-.e..e..,,,_.T.-.e. "`.-w,..,,_ ::Y.Cec y' •L1wC{•Lri'?.SL'.
ms`s S.Y, i' ?, t ;.,,'^--'::•.•-...+;•-.,--•a-; --•>"-?n.'«•r.•,::..w,-r-'r r,,^%':??'?+:^^'^'r;+'i v ..,.a? _b....?,:ax.e; ?..4s.:.d3 ',+,
.?, .yy • ?..Il +•. .. 't • -r 2r".`^ fR'r `?' .Y;° 1'•iT, ,.Yi-±s'?:.•i ,
F ?.
?.r, a' t ",.'t.,,l},,S?, S" -••tii'•'::;. ..r
yi` {'x ., r - rte' . `o s '. Y'i 1-?.. ."d.' ` +!!`'Y?•`t•'• '
. L:.•'rFi'i'.nqq 5'::. }4 "f: •11PJ'^: :.:}f'?5. :1?..
•?1'? r}:
.f: y1 ?: i-Si. 1 ? ? i.+ ! '''lr il?i 9ajS-•:"'•f: "r H??l: ."Ft
1, All
y
4 r} rr.'
i T.{w• t.,j. .9'?„a:Y ": .S e.P ?e? ( at,-Ja.:`a3,7R •i`?,,
411 .
1. ''J•: -.'?-? f ' •?hn 't'? s! aZ?":S-'??170 1G).•L t„M,w
n''3 -?' s ;r.."•',t ? K?4.?Yw+ a `?k?'' ..ic;' ., ...:A_'r?.',w`.':?.'?+';-rt,:n'.?:n-!.`--°-""i:.:«,.r., ..-« r ?.`?, ,:».?.cm, ..lr F,":a .S
e• ..'`. ` ,}'vs?l+ ta''`r f'?'.'" ... .'.'t??fvlifty?hM? ?lp?r.« s?nG" .#?., ..K.a -,..?, ? . , a i'•^" i,?.., .f, r . ?. .. 1 `. -• '!'
i
t ,
rr 7?? rS?. -1-i:
' aid=:.,,. ••i?'?i'' ??'??' 'vi ).?.5":
6:r
.
.::
(a) To auintein frost the accountublo rovenuos rrim the rortEon of said
utility proportion nupply;ni; (;ua aarviona r.nd facilities the "Goo Hovonue
Cartifieutos aira:iur 'fund" provided and required to be rinintainad to secure
the payment of the presently outstanding Gas ,tovonuo Cortifiantou of fluid
City dated Doaoubor 1, 1935;
(d) To maintain from the accountable ruvenuen from the portion of said
utility proportion uu,)plying gas services and fuailitiou and newer services
and fucilitien tho'"hofun,ling Rovonue Cortificatoa Sinking Fund" provided and
required to be =Intu'.nud..undor the provisions of the obova doeoribod Ordinance
Number 484 to aocure the ;,ayount of such of the Can illunt and Sower Syetom
Refunding Rovonuo Certificates au muy be from time to time outstanding, and
specifically to auuura the existence of such revenues annually equal to one
and three-fourths tires the amounts required to be deposited in said sinking,
fund and in the operation ..coount pursuant to the provisinns of Section 8 of
said Ordinonco iiw.bur 1,34.
(a) To establish the maintain a special fund which is hereby created and
designated ":.:unicipul Utility Revenue Certificates Sinking Fund," which-fund
will be sufficient to ijrovide for the payment of the interest on the certificated
herein authorized and those herein permitted to be issued o7 c parity therewith
as aueh interest falls due, pay the principal thereof tit or before maturity, and
to provide and maintain a reserve for contingencies us hereinafter provided; and
(f) To provide for and permit to be act aside into a speoial fund hereby
created and designated "Depreciation Fund's an amount equal to at least three
per sent of the gross receipts or revenues of said municipally owned and
operated utility properties and to be used for extension or replacement of
capital assets of said properties and utilities.
Section Z. That the Bross revenues of said utility properties shall be
deposited as received in a fund separate r.nd apart from all other funds or
accounts of said city, to be designated as the "Utility Revenue rued," provided
that, so long as there are outstandinj; and unpaid any of the oforesnLd dater
:tevenue Certificates, Gas lievenue Certificates or Gus i,lant and Sewor System
Refunding Revenue Certificates of said city, b separeta accounting shall be
inept of the amount of such gross revenues of the respective portions of said
utility properties. The moneys In said account shall be set aside on
the first day of each month into separate and special funds as follows:
(a) Operation, Maintensnee and Renoir Fund: There shall be o fund
known as the "Operation, Maintenunoe and Repair Fund," into which .here shall
be paid monthly out of the gross revenues a sufficient amount for the reason-
able current expenses of operating, maint_ining and repairing the said utility
properties; provided, that so long us there are outstanding and unpaid any
of the aforesiid 'later Revenue Certiflcates, Gas Havenue Certificates, or
Gas Plant and Sewer System Refunding Revenue Certificates of said city, a
separate accounting shall be kept of the reasonable current expanses of
operating, maintaining and repairing the respective portions of suid
utility properties, and the amounts thereof shall be chargeable against the
separate accounting of the gross revsnuos from those porticos of said utility
properties;
(b) ;later Revenue Certificates Sink ir Fund: 5o long us there are out-
standing and unpaid any •;ater revenue Certificates of said city dated Dec-
ember 1, 1935, there shall be paid into the special fund securing the payment
thereof the required amounts from the separate accounting of the revenues of
the portion of suid utility properties supplying grater services and facilities
all us provided and required by the proceedings pursuant to which said ;later
;forks Revenue Certificates were issued and are now outstanding.
(a) Gas Rovanue vertifieates Sinki Fund: So long as there are outstanding
and unp+. any Gas Revenue Cert f oases of said city dated Decembzr 1, 1935,
there shall be paid into the special fund securing the payment thereof the
re':ulred amounts from the separate accounting of the revenues of the portion
of said utility properties supplying gas services and facilities, till as
provided end required by the proceedings pursuant to which said Gas revenue
Certificates were issued and are naw outstanding;
(d) ltefundinr; nevenue Certificates Sinkin}- Fund: So long as there are
outstanding and unpaid any of the above descriued Gas i'lunt and Sewer 3ysten
11ofundin` Revenue Certifieutas there shall bo paid into the speoial fund
securing the payment thereof, the required hmountu from the separate accounting
of the revenues of the portion of said utility properties supplying gas
services and f::eilities and saw-r services and facilities provided to be ;Said
thereinto under the provisions of the aforesaid Ordinance Number 484, and it
is specifically provided, recited and agreed thut nothing in this ordiaLnce
contained shall be construed to pledge to the pe;,,mont at the :.'uaicipLl Utility
Aevanue Certificates ne rein r:utnorized revenues to be derived from the
portion of said utility properties supplying gas services and facilities and
newer services and facilities, except to the extent thut aaeh revenues exist
s
.1
f r
< :4''-ief5•• Lf ,..a- e..t-4"sF•• y-? !
.•I F?• •4K? yWl.-L epsy4 .'?t"1-``'
'..... ?' •!>?:. :. rat-;•f'°?i, '
':tits`': ;?:i:?'t; '..+;'?'•: ;,i f
:?f
',?-SFr. ;? SY :?r?,!1?, •??.
?>af
? •l.)t'y?`,1,5.yRY ??r sty ,'`'.*?.i:l?1i. _•}`'.
r,.
: r.
•'l1 ?' v'y 75 r 3'r
t f
14jQL?titi 's.«':e:ts.` ,s:r_:...,f:..'a?:1.,?.,.:s..:.r.ie.+.,ei.;.sv..w.:;: :,., _ s4-'.J ..-a t...:s r>..'.iE:;?.:: ^_'..-: '7.[- .i'+=;.e.' ,.slt?:F "::1:i:..L'=`-;il 'r•" 'F r?'.+'4?.r.rt.a.rm.:?.?i:+?I?Ati,i:S7a?ii?''?e!:'v
.(. Y? "3' ,. ty • _ r'. ..?_ 4! 'rl. ?'F%•:D:iJ i -"' t?r?i r'- Y•. r'rY' .F• 7 r•.4 i • k
..?•sD ,1 s? . i . .y • ' ?, . . Lp F
fi 1
3. -!_- :5: 5•?: ;?>>7• sir.:_.1-°?. ,rw ,?;..
r' .
'- ' Vr .'i ` ;yam •r. "!' ?'f:•.: ,,..,, ti:? ••lw. :f l•
"N
$ ??e•t, r'. j °y:
'i:a :?': .:m?:' `-t'"s. -?:Pita' ;s"' Y;
x J, 5 ?+ ? ';., ), : w.t• it w Y°
,?,y t Y .:1 ? 1 • ..t Fl ? r 1 ..{' ,die r'? .
Y„?i.- ''id .?f3)Y. 'F -!5•` `4a..t L."i+.v) Y Y !r
R< ?5;'v 't`?v [ •F'. ? 6? ?-?f S'+'?.'»:.'. '.i •s"? i '? . M .. f'Y Nr .
4 • t J E' >?
'kd ,w cif a n.?r I
.c F?.,-?f. { •:i? ''y:' -ii .? t "I-;i,r):.?. r..:e'k' »y. 'Y .9 :.Lai ^4' 3
. 4. ,. .( r. "-tom aw Jl ? 7 . ? •'.7' ,... r, _!
41
yr"t} z. ,?' 3 ,.:y,. •F^S-,r ?:'.r' rL ?;"?D•tT Yr'?4' y? ,
lt. ,•?'^ S• '\.• ?.•3t.St . X15• I
4 -1
=• s
`J`t i•` r:I 4 ? t
? :t
,?' <.b: ?, r'" .+., ,s.`."5,:':L.. ..:e:r.3 .sa-`,k' `'t%sr sr _.i u.?...a.i ao:a'tix. e.• J .fir:- .iD «...«i»«sr«?.. :.'_. Y;+`. `'+
` .-,.r ?,?'''?' '" -k ?. ?' ,??? y"?sr•«xa:?C':',S:.n.7.x.t,..??.,Yxeww eP.«? ..L .< ., y. ?l o.n r_, ..'? t- s...? l1 ??-tarp & ''?. i•'
?.r`? ?`k'i.?;'Fi4?'tAf'.'d>T,:??=t'd??".'"??? ( ? i :'tc.': :,2 R,?. r.?'... ?1.??'•
rt `
'`.Lr.:q• lyq ; :?C';; `.°lfffknnn'S.'f:{?`?t Y ?='!; '",`;- ? ?l
•' l-''-', by t:?C: •.'i ttjiiM?:. .??ts;.. `'?>e r. ('
C s F?', t S •,`,1 rota : /..'??::'?• :
,Sii; s :.'?„ a-t -':k'F,f.•: .:F.
*r F. `Fro a,; r •"t.) r? ;
:a?,#ftr.'•`°?'ir :{:S'z?:"?: -':r ""tom :; ,:
(. ..?tri:.•vi?i %._'_o`J'•'rbF''4f°Y?.)`1'?•_:.. ..
. n
C1
-.r,....-.ate.-.?.`.?..... ? - .. :'S . _ _
?
L _
...?. ?
,.,.._..-.
•
-
._.._-....r..^_r.-..,,?._-.
?_..mow.-'...-.,,,,?,.,,:.,....r+- .?.,.,?,,..-.?.<- ^- __.._......?-,,.-,r.-. .-.. _. __.?.
,.r
?qr
CITY 401.1132iIO11 :.;ZiU;: (L'sntinuecl)
December 1, 198; one per cunt (lp) of the prinoipul bmaunt thereof
if at,llad for redemption thoreafter and on or ;)rlor to Dooarabor 1,1961; and
without payment of additional interoat if ofolled far redemption thereafter,
and nuid city bgreaa that notice of any such redemption identifying tho
cortiflautea to be redeemed will be pL?bllshod ut llant anco not lass then
thirty days prior to the redemption elute in a newspaper or financial JSurnul
of general circulation publishad in the City of New York, New York, and any
Duch certificates thus called for redemption and un to whloh funds for the
retirement thereof are deposited at the designated plneo of payment on or
before such redemption date will cease to t::orcuftor bear interest. Said
certificates shall be payable as to both principal and interest in lu%iful
;coney of the United States of nmeriaa at the principal ofaae of Chemical
Bank and Trust Company, in the City of New York, ti. Y _
Section That said certificates shall be executed on behalf of said
city by is C ty auditor and Clerk and Its City Liunager, and oountersisnod by
its 11byor-Commissioner, end shall have inpreu:ed thereun the corporate seal of
the City of Claarwutsr. Interest on said aertifieutos' ut the coupon rate fixed
and determined as uforeaeid shell be represented by coupons attached to etch of
said certificates executed with the facsimile signutures of said City tiuditor
kind Clark, City 11arager and L:uyor-Commianionor, and said officials, by the
exeoution of said aertifieatea, shall adopt as and for their own proper
signatures their respective facsimile signatures b)peuring on said coupons.
9antion It. Thut said utility revenue certificates and the provisions to
appear on the hack thereof shell be in substantially the folloVving farm:
(Forts of Certificate)
UNIT: D STj.TM OF AL:::itlCh
ST..T OF FLORIDA
COUiYTY or P I:raL-.9
CITY OF CL:,.ii;lriT.R
.MTfCM,L UTILITY XeNa- M GMTIFIOU..T::
S..ul:.LS OF 1947
Ida. 01,000
TH4 CITY OF CLE iM.T.;lt, in the County of Piaellas tend State of Florida,
for value rooeived, hereby promises to pay solely from the s:eoiel fund
provided therefor, as hereinafter sat forth, to the bearer or, if this carti-
ficate be registered as to principal, to the registered owner hereof, on the
first day or December, 191. , the principal sate of One Thousand Dollars (::1,000),
and to poy from said speed fund interest thereon from the date hereof at the
coupon rata of par earn (_ ,;) per annum semi-annually on
the first days of 'uno and December of each your until, paid, except as the
provisions hereinafter set forth with respeot to redemption may be and bacome
upplieable hereto, such interest aB efuresaid as may aeurue on and prior to
the maturity date hereof to be paid only upon the presontutioa and surrender
of the annexed interest coupons as they severally become due. Both principal
of and interest on this corti£ieute are payable in lawful money of the united
Stutes of #,merice at the jrinoipal office of Chemical Bank end Trust Company,
in the City of Now York, 11. Y. ,
This carasta is one of an issue numbared oonsocutively Fran 1 to 5z5,
Inclusive, issued by said city pursuant to and in full compliance with the
provisions of the Constitution and lags of the State of Florida, including
the aharter luiv of said city, and pursuant to an ordinance duly adopted by
the City Commission of said al.ty. The issue of certificates of which this
eertifloute is one has been autnorixed end Issued for the purpose of paying
and financing the cost of improvements, betterments and extensions to the
municipal utility properties of said city, supplying water, gbs and sewage
services. It is provided in said ordinance that the Commission of said City
shull fix and maintain rates and collect charges for the facilities and
services afforded by said utility properties sufficient to provide revenues
adequate at all times to pay the cost of operating, maintaining and repairing
sume, and topay into a special fund created by said ordinance amounts fully
aui':laiant, after allowance for such costs of operation, maintenance and
repairs, to provide for the prompt payment of the interest on and principal
of staid issue of asrtificutes and all nther oertifioates issued on a :)Lrity
therewith'uxder the restrictions and provisions of said ordinance; provided,
said city has outstanding certain ;later Revanlie Certificates, Gas Revenue
Cartifioutes and Cos dent and Sewer System Refunding Revenue certificates,
which by their tests ere payable from end secured by a first charge on :.nd
pledge of respectively the revenues derived from the operation of the water
works utility proportion, newer system and the gals plant and systam of said
city remaining after payment of costs of operation, maintenance and require
of those respective portions of said munioipul utility properties, and
S 4} '
'aY=C''f ??--'IS ?eY,'a I:' r;Y i??'• '.L fi' T
p`,K %ri is ?`.,e.<`:w%..•' Lr .c. `r:Y f
7_0- q ,_o- l
r.i.
'
S V,
..},- ??.'?f? •??.!`.,? o
i _
r
f
-`
??1?
'?
•
P
1 =.
e lti fit
xr;
'? I
F
i ?.
•
I
` ,.ata?rru
-aim
' ?.= , s•, .> r*, .+•+ ,„..t9 s f1..A.dy y.: Tq.y,ttiylr.,E?a'?+;'• r
'q?.^S. ., - w!.': 4?. .- , `.5 .. •?. '_ ,`•. .._? ,? .'"ik_ to w.: f,.: , .,
+y" , - :Q ,.x 'S'?'°t?k '"C:;??.ITj y,y?S1t's ?•1. 1,°i...t.?ar4^. .?y
? •.: „•-= vit. ,;. },: ,., ,.'s+ , ? e i'tY..?. 3??f jks FS?+?'tlels?rlifii?'r_.••.'s'.a
..,=.:.s;-
' S ` ?k' ,fl. t {I uES,I!..1'.i•.'..:.s_.nw "T?,.q"Yp'.!e!^"' .J,-,; , i ' ?.
dSJ "{. .4 w°-'+:-.•"?? Yi+.•wSTTR.?a'?'S-: r t1'.: jA° . A .? . :r rf ./:•?- y
•.,:t ,ix:° _ Y..,we,.v^r.•..rYr+`!' '°^'.F""* . •K s':? C!-` .R?,°." 7.
""??""?? E ,-t.;•:
•,:1^?f.a
`.t.:rr,-•.'.'..:' _ _ _ `i .riff x
•a. a ':?}:::,_ •.r' ref M ?
.? '» 5 fi ' / f {
'x :. -I :?. - t•Lv. v'),J:i•: t••.•. et Tl' F.
?w .?^ gg ''i '?. •i:? 3•)?1•
st'w .r.,?", °,.. r;::?h',i> "•ty .-.Ry ?:.7f;, t: 3trr- •'r ;r. .k' ''#,' ? ??. .f. L. i;, ,'..t r, fir'=?,. 'Ir:,:k`1'.: ;..n •' ?5'?4?17.; ?'1; s?'
1
h`e fi
r, G
.Q. ?f -Y.`.• ^? 'S .fit>'ii a`'?•' b(,`.
`r. °"?t .`tv Y • t:??ty' :a'' 7
n4.
..'.' Y;' C °•3 .'i• `!'.' F S'h•. !:+ fair.
L 5
ni'• } f c .. d'?:' ,•?Fx'• .V'ie' Cl::."",• Y ..
..r,'. ii '{ ? ...?.?1y.y,e t' °? A't: ?C• ,...??y?t1.i'` .. A:,7: •,:L 13 il#>„', riw .,..s?...,3a(i"sa..° , ?..
?Lar:[[aY ?}eilY `J+i+c.???ir,•'"+rt?rati :.aA: f.': r. wJSnij.a. ''.?'.I°..=. .: k:,'-:.,. .E:r... .... i. q1 ^4y.t ,.••a.' kr" f"= F'r
2"t
4: 'c ? "t"'?y , S) •. ° ab?? - "'"3 rY i f ;t f f t+'r`i ?:. z ?:? 4`_V ? .v':.i'r 'r! '= •ri "?...a k ?"n, .
r,:_i?_? >t'11z??;-t.?..r??'':?':1'.N ?c;.' `.i?.? ? '?` r 1': :*?',,'7•?i 'w'r' 3rei. `?? i"'? r:
v? fJ•'i , • -`k° #+d"i '? x., d. `a`; 4 r y .: tt :.y.,r ?.k
.E'.':. r \ i.{.-3.'4.lt; 1¦Y???`-tn-{i ,,k •7+.i "°p• ,'1, ??
"
I ^I;?r
icy ;?;'• ? ?:,? ? :i •
t;? a ?,.. ?'S ?, ; ?.;• e
?i j'••YV. •5'`.;• ?-.4?r.??.'::.; of .S4
•'I.'.it 5y??t `'y ';Ct,+'P i? ?i??i. i'd: ', ? .
9. ;;??ga: ?'?b'; lt'.': 5;71 i', ti:i '?7'1?, •'y °?.•ry.
16
payments into auid special fund un 4raresuid are subject to the voatsd
rights of the holders of such of nuid 'Actor Itovanuo Certificates, Gas
Revenue Certificates and Gas irlunt and lower System Refunding Havenuu
Cortirioutos as may be outstanding Fran time to time. This certificate,
including interest hereon, is payable nolely from acid spacial fund and
does not constitute an indebtedness of said city within the meaning of
any constitutional, statutory or charter limitation. The City of
Clearwater to under no obligbtions to pay thin certificate or Interest
thereon except from the revenues of the iiunioipal utility proportion
an aforesaid.
Certificates of the isuue of which this certificate is one, numbtirod
139 to 525, inclusive, are optional for rodaiAption by said oity prior to
maturity in whole, or in part in the inverse order of their maturity (loss
than all of a single maturity to be ad acted by lot), on December 1, 1952,
or on any interest payment data thereafter, and in the event of the exeroioo
of such right of redemption of arty of said certificates as aforesaid said
city agrees to pay to the holder thereof upon redemption of such certificates
interest in addition to that evidenced by interest coupons then accrued, in
unLatmount equal to three per cent of the prineipul amount thereof it called
for redemption on or prior to December 1, 1955; two per cent of the principal
amount thereof if culled for redemption thereafter and on or prior to December
1, 1958; one percent of tho principal amount thereof if called for redemption
thereafter and on or prior to deoember 1, 1961; and without puyment of additional
interest if culled for redemption thereafter, and said oLtl agroea that notice
of any such redemption identifying the certificates to be redeemed, will be
published at least once not lass than thirty days prior to the redemption
date in a newspaper or financial journal of general circulation published in
the City of New York, Now York, and any such certificates thus called for
redemption and as to which funds for the retirement thereof are deposited at
the designated place of payment on or before such redemption date will cease
to thereafter beur interest.
This certificate with interest coupons hereunto bppertaining is issued
upon the following terms and conditions to all of whiah ouch taker and otrner
hereof and of the interest coupons consents and ogroes:
(a) Title to this certificate, unless registered es herein provided and
to the annexed interest coupons, may be transferred by delivery In the sane
manner as a negotiable instrument payable to bearer;
(b) :.ny person in possession of this certificate, finless registered as
herein provided, or of the interest coupons hereunto appertaining, regbrdless
of the manner in which possession shall hove been. acquired, is hereby authorized
to represent himself no the absolute owner thereof and is hereby granted
power to transfer absolute title thereto by delivery thereof to a bone fide
purchaser, that is, to anyone who shall purchase tha soma for value (present,
or antseedent) without notice of prior defenses or equities or alatma of
ownership enforceable ugainst his trensferror; every prior taker or owner of
this certificate, unless registered us herein provided and of the annexed
interest coupons, vuives and renounces all of his equities or rights therein
in favor of every such subsequent bona fide purchaser shall oaquire absolute
title thereto and to all r1j3hts represented thereby; and
(c) The City of Clearwater mety treat the bearer of this certificate, union
registered as herein provided, or of the interest coupons hereunto cpperti:ining,
as the fbsolute owner thereof for all puxposes without being affected by any
notice to the contrary.
..11 acts, conditions and things required by the Constitution and laws of
Florida, and the charter of said city tj happen, exist end be performed pre-
cedent to and in the issuunoa of this e•.rtificots, have haapened, exist end
have•boen performed as so required.
This certificate is rogisterable as to ;.'rinoi?bl alone in aeuordance with
the provisions andorned Lereon.
i:f 'JJT.L:3:4 said City of Claarwater 2ius u.usad tits ;ortirlaute to
be executed on its bahulf by its City ..udit= find Clerk and Its CUty i••_nLEar,
countersigned by its :'eyor-.o: c`tssioner, under its cor'iorate seal, r.nd the
interest coui)ans ha,-eta ,.tuoiied to be executed 'alth the facsimile signature
of said officers, all us of th'a first day of Decor-bar, 19117.
Counteraignod: .
way?r-COr?lsaSonar
City ,rudit3r Lad Clerk
?y r
ty :. e,ne.per
? t ,3ry`?3gT?q?
411
sil
Ki.
Vii''`%•i;'''''<,. =i.?".?F?:??'r-'.?L.-"? s
,ii,}}fi?t ..'i'••l}tsl4f}? ' r'?,n}e'f? ?}!j., l
iii}it ?`, ^'-: .,+':1?\t l•I1??S .tt'..e t
r:l: :4 ?' jiff
:•1'•s ,t?? itts,' - ?
:• r :.4}^? , 'mot
l?I
:fi'Zi.r )"?s?ii e'-'il .}tf? 1• ii:.?%.?S!
s `
-p z.
'. .J.yi.r .;?i" .?. F .'h• - ., _ •. ,•i.'c 4°' .. :'1? ?atf°.`Ttari,•.d ?;'.±
I; `',T
'P
' ' V ? ?ity :ey'M..? f1. ;7rJ ;,lr ?F• ?. 7', ,tf, ?5i
'-? S:rtb`°V•;??F' ,'}11'1 '
?L'?-•? •ry• sae 'li -•' '?. ?:`t?e(
•4's•• :c. ;-,ily:,?.3?` '.?;`
= 14 'E
• _ `;,r?'?` tip. '} t'j
I::l:•yr,f: `i7''. !-'k??' .f'•?,?` '''Y.`.
Kl?
?S
?.
°• 4'r.; ,':.''^-'? ?4,.:
W4 ejl
`"+.
..r..: k.:..,. ,F.... _ '..:_ :. .....- ,:l•r .:.+::. ?.ii.?.a?...=?a'L+.i.livisa:?a?9::i.,,.rt,r.a'S.r.twcrslacsii• :?
} wee-.: ,:.: - • -. ' _ . ?:.`'. ... ..`:.:?, _ .:. 'r.'...,..,Y„• ' Vii:: , r,°:?.?-.::
' L'LF.,4 u
I ^....-_r...^r..r. yam- ...•?••?...n+r_•.-e.•..?..-.. '1 yp v''?T'+•?, ?'. i'. ,', ?'' _•..I
ri+,?.rw•?wrne .fr?..?Jlx???- __?YF.. rrry? :?1 "' `? 4''S?.,,1'' !1 x`5'1 -2--+ (?.f: ?{: ?.?
5'4', `i•?''"S° :.r i:f?5± :?....>•
Cl=•i' _ 1 .5, ijl, ear(?r?,. •br'a ..?(!?"+?r
mot. t !-_ `.Y:+ r
t'S 1.' q _ s I.
?ur F. ?,•'i''lr•, t4 ? •,.r. •`.'?, ,. <SSj., ?°: r,a?,}Y,`:'??''"'..
`„??,x c} ?[?;?5. •F[eC'rtie^ .. - .. - l k!. -. t., Y .,C.:. y:1- ..
??ri? "F?fP?3??htr'r ,ia?r.w y?.y .c`;i-`L??sr. r.?.•... ,F•C.?.:,?::.'... t, ,. .__?'.ri.:^•.f;,t_Ns`srt-.? L'f:..r ?-i.:.:,_I•,'a;y.:,•i. v,..s....v. _ ??...-i?..eYB,?ff?.: .? 't'?' 't_ '
4 *?? - "P• ?y.; Ctn. ?}', -`rl? `?'-- •,•';:_ ` 'tip:
CITY COlw":I33I011 MINUT..3 (+Jl7:iTi:iL' :?}
tlovembor 17, 1%7
in an amount in excess of an amount equsl to one and three-fourths times the
amounts required to be dopoeitod in the Uperut_on account and Lwfunding
Revenue Certificates SinY.ing Fund astablinhod by section 6 of said Urdinuaco
Itumber 484. v.ll ugreoments and obligations heroin contained and imposed
ou the city by low, pursuant to which the city shall hereafter be obligated
to make the revenues of [said combined utility properties sufficient to carry
out all of the obligations of this ordinance, shall be so construed as to
require the city to impose and colleot rates and chargac for the commodition
and services supplied by said combined Utility properties in an account fully
sufficient to carry out all such obligations oftor there nova been deducted
therefrom goo and sower revenues in an amount equal to one and three-fourthe
times the amounts required to be deposited in said Oporution account and
Refunding 4tevenue Certificates Sinking fund under the provisions of Section
6 of Ordinance Number 434 aforesaid.
(a) Twunici a,sl Utilit 11ovenue Certificates Sinkin Fund: The "i.:unicipal
Utility Hevenue c:ert fieates Sinking 'F'und," herainF.Stor sometimes referred to
us tho "sinking fund") shall be used solely and only for the purpose of paying
the drinolpul of and interest on the Yunicipbl Utility Revenue Corti.ieutes
herein authorized, and any additional certificates that may be iacuod on a
parity therewith uadtar the reatriotions and provisions hereinafter set forth.
after makin;; the required monthly payments into the Operat'on, Maintenance
end Repair fund, into the Water iiorka Revenue Certificates sl:k-ttg Fund, into
the Gas Revenue Certificates thinking Fund, and Into the Refunding Revenue
Certifieatoo 3lnking Fund as hereinbefore in this section provided, there shall
then be set apart and paid into snid staking fund each year in equal monthly
installments a sufficient portion of the remaining gross revenues for the
services and facilities rendered by said municipal utility properties so bs to
pay promptly when dud the interest on and the principal of all such certificates
from ti=e to time outstanding and to also croute during the first five years
following the date of issuance of the eertiflcutes, and t.s thereafter uraintuin
a reaer've in said fund in an amount equal to tan per cent (107'4') or the principal
amouht of ouch certificates theretofore issued. Computations for such eioathly
pa; caeats shall be [lade t.s of Doeemoer 1 of each year, tnd the amount to b•j so
net apart and paid into adid sinking fund in each month from and after such
Decombarl shall :e one sixth of the amount of interest to become due on the next
succeeding interest payment date plus one twelfth of the amount of principal to
become due an the next suaeeoding Docamuer 1, provided, for the first fira
years following the date of issuunoe of revenue certificates an additional L•rauut
of sold revenues shall be paid into sold sinking fund monthly so that ut the
and of sold period of five yours a reserve will have been aceum.ulated equal
to ten per cent (10;a) of the principal amount of such certificates. If, in
an nonth there be u
any , failure for any reason to pay the required amaunt into
said sinking fund the deficiency shall be added to tke amount otherwise required
tj be set apart and paid into said fund durtag the succeeding month, and if the
amount in soil fund immediately prior to DFseember 1 of Lny year is lee: than
4
she total interest and principal due on such December
i p 1 plus the required
reserve as aforesaid, not less than one twelfth or the account of such deficianay
shall be added to each monthly iuymant otherwise required to be elude into said
fund during the year eo=eneing With such December 1.
No part of said sinking fund shell be used or applied to the redemption
of certificates prior to muturity unless all of the cortifiebtes then outstanding
are to be redeemed or retired. Ila further payments need be mude into said sinking
fiord when and so long as such amount of Municipal Utility Revenue GertifJobtas
shall have been retired that the amount then held therein, inaltsding the reserve,
is equal to the entire amount of interest and principal thLt %All be payable ut
and before the time of retirement of all or such aertlficutea then remaining
outstanding.
(f) Depreciation Fund: There shall be paid into tae "De;:recietion Fund" an
a:aoustt equal to at east three per cent (3,'0 of the gross receipts or revenues
of said municipally owned and operated utility properties to be used for
extensions or replaceaents of capital assets of said properties and utilities.
In each month uftor Arking the required )ay=eats into several funds as
hereinbefore in this section provided, the bulc.nee in the Utility lzevenue Fund
(in excess of the amount estimated by the City Co=rission to be required to be
withdrawn therefrom during the next succeeding three nonths for like payments)
may be set spurt bad paid into the "Depreciation Fund" and be used for ilayiag
the cost of necessary extonsiot,s and replacements to the said munioipal
utility properties to the axteat required from time to time for that purpose
and otherwise such boluses may be used to purchase or retire cortifioutbs in
advance of nuturity, or ,.ay be uxpendad or rithd_uwn an order of the City
Commission for any lawful purpose.
.1t r
'4',.y,: ,:?-?:•. z•,; "-
??h- i
s"L,? `,jr ,rTY
Ll s Vii' z
3?t y?'
0"
:,' ( i} '%i'• ?.V':?«.:xd,e¢r?Lr+±ri?la..sa?la'?iir-?:?G?ir:ys?+s ?i.5e.?sex.:i;§sr.i
.; y- a.1.. ?Y''IYIS .rv'p" i.\., ..5. ,..4 w•r'?' :G:..'n..: r. ".tiu..:v .....:.•y'v.._k?W:ta _..:.?. s:?.wr. >:.L: s.°4:^.
?a'.iS•fe..:?•Ar:?-If W..w+.:d«T-,",:v?X?A_tax-li_ T?:. e1 `:d?. rir.,5? ?,i: _ ...:..n ,: Y,
_ .,?,?, . ,r,S.....?.,,,?.,?,.,,,w,,.t......r?. - ^-*:sr.«Y-•;rr-..r,._ ;. '.A' J? .?? :,, ;1 { M>?..:.r, x::i4i',??byra?-c- •,? ".ai :e.,'7 ?S'77 i,-;•:< '?7
N I
,,...i.:;5a? "•1. ;c'" L'?=??? isF-'•?,.?_ •i'.' - ?•::+i' .1 .,r'^ a.'r+= R,, 'a
!1 3 }
? ray, • b'. .. :ri' ` ?"1. ,! n: ?cry ?' .i' 7.: '
-w;. `s :F :ice :1:3Y•??"- i wf•
t a t,
.1,Ae?j.I N^ It'„',, is y;: •,. ?. ?':.,Ri, ':.'. ? •t?n' / ,; '? „1? £-
.4: .,x+.y°-tl..a r?. :rl` ',? '?i.°? .I ,}{ tea ?,s ?'?i?" ?: '+
+ ? ° °'C`" - t ' t . tit' . wF• ' n.•• Sr_
. As'G.. '.!l • ?'s,.•1. ? }' r •z ••F. t »J 4 ? > t? ., <1 , f 7^ kt7'?'ie
µ ) r . •: h ys:{
"f+
r? S
:i:- ,?• { M$.. it r. I:a''•'J?""?; ..? r
`? e '?*' .l' ' ` ; .? ^ ? e . r.. •; ?,. ,pr`e'y:.
:5 sl '•11t ._?` ?'•'+hs{•r' • J .'3'n'f . "nt `e r '?'
t.t 9-}r ''?p pp r'b' Y'. ? Y
?$ . G?.., ., ed?.ba ` ; - w + `MwVe' • SJ.:L'Y?.`'•G .SKr.'a't?i..iL'?,.' nfe?1 „°lvaY. ?f.,:' ]..k.LL?/?1??'4' 3 'a•R y i S•••.•.
..I?yt. .7+''7F i?i• t•.l •SG.'"i:,l i`,i?'?1?1??',?r y{,?i,?•_'_"'Y^.'/F?y?; "'A'&iu..w •A.. e'N!i'"' •?Kt r. •' ,?z..`• '?• °} ''0!'" •ti b}•yT-""?, Y. ?r•'S tt ? T., '?,. ?'J' H't}•`' ?? !'E ?es "??c .r'?i eY •+'+'ft'
¢. i':"yl6 yl ??('`$?j??.r?,-<,•"tlts 'i .r'. 1???,. . . I' ) . 1`. .. t': 1 )se .. ,e ? , Y 4;" 1, j`F'1 4?.
1 9 tk'.dP37 r 3::•F°R. ?l a ii c:x.•Vj, "t F1r'rt a[? 1 .f iaf•'•.d.?e
L a,rFfv-1',h?,4s1 •;,..:.;? r :r'r;`?'i '??' 'i t{ ».. - - - - - --
`: : i !,? ' ?_ L >.'', :^ yr• r •" r • i - ?..?-.-.,..?? ?,,,?,,.
,. to lf
V-N
li; :r1?r.??1•„t?f.: ,., :,.:fit
:.??, .?',.. : ?3? fir; :lv' r •
i All money which in or should be by the foregoing provisions paid Into
the sinking fund is hereby pledged to the puyraont of the Interest on and
principal of the certificates horcinbeforo authorized and ouch additional
eortifioutea ranking on u purity therewith from time to time outstanding
::x,;r:,.',:ra: i;' ,,:,• ;' and which are payable thorofrom, and sold money shall be deposited in a
s
nolvont bunk or banks us a fund separuto and apurt Pram all other municipal
funds, and ouch and every such deposit, to the extent it opuses the aggro-
- .,"...,...,r,;•r .,,;?,.,,;
:....•:,.: gate of deposits by said city in such bank to be in azoesa of 050000, shall be
'"'"`'? -`' `•_' s' continually secured by surety bond or bonds written by a surety company of
companies of recognized standing or by the valid pledge bf direct obligations
of the United States of i.meriou, having an aggregate market value, exclusive
of accrued interest, at all times equal to the amount of Bush excess.
Section S. That the cartif£eutes authorized to be lanued hereunder and
'it's' from time to tLie outstanding shall not be entitled to priority one over the
other in the application of the revenues of the municipal utility properties,
3 regardless of the time or timos of their £ssuunee, It being the intention
that there shall be no priority among the certificates reeardleau of the fuet
that they may be actually issued and delivered at different times. The City
of Oleurwuter agrees not to incur any additional obligations payable from the
revenues of suid municipal utility proportion which will have priority in any
respect to the certificates herein authorized; provided, that said city hort:by
reserves tae right and privilege of issuing additional cartificates :'ram ti.:e
to ti-.e puyablo from the revenues of said municipal utility properties ranking
on u parity with the certificates hereby authorized in order to pay the cost
j of extensions, improvementa and betterments to suid properties; provided,
that before uny such additional certificates ranking on a parity muy be issued
there shall have been procured and filed with the City Clark on said city a
statement by an independent certified public ucoountunt of recognized reputation
not In the regular employ of the city reciting the opinion based upon nooessary
investigation that the net annual revenues of said municipal utility properties
;; • : '', ''; ,:,:. 1:.,.. , of said city for the last two preceding fiscal years has been equal to at least
one and one half times the total of the maximum amount that will become due in
' ;>.y.::• 1!':''.. .':f. uny one calendar year for (1) both principal of and interest on the certificates
a.?,. s?l,,••• .: then outstunding, and (2) the amount that will become due in any one eulendar
year for both principal of and Interest on the oert£fieutes then proposed to
be Issued; and provided also that the interest payment dotes for any such
additional certificates shall bu semi-annually on tune 1 and December 1 of
ouch your and the principal maturities of such additional certificates shall
be on December 1 of the year la vhich any of such principal is scheduled to
`'. became due; and provided also that while suid city has outstanding any ',later
I:~' •"" A:. ?. ..t' • .'' ; ''; `.- Revenue Certificates or Gas Re.ronue Cartificutes, doted December 1, 1935,
or Gan Plant and Sower System refunding Revenue Gertificates, the annual
principal and interest requirements for
such computation. payment of same shall be included in
making
` '? •': 'i{: l' r ,^; The additional certificates the issuunce of thich is restricted b this
section shall be understood to mean obligations a uble from the revenues
I,.° :•-; of the municipal utility properties amt a parity with the certificates herein
-: specifically authorized and shall not be deemed to include other obligations,
_ the security of which is suborainate and subject to the prior and superior
`'.' [ :',• i security of the oertificute:, authorized to be issued by this Ordinunee.
Not earnings are defined as krona revenues, 1Bs3 operating expenses,
:L ::; :-':,';?::1;j; ??_:,..?,?r?•v which shall include salaries, wages, cost of maintenance and operating materials
and su lice pumping costa insurunoe and muintenunou exdenditures.
%41
The provisions of this section ure subject to the exoeption tnht if,
?s.`:`_, '.'. Y „; ':,• ..,_;,•.'.;;F•;; ': _;. prior to the payment of the osrtifiaatas herein uuthdrized, it shall be found
?:,.: <:;,: :,; := 1::-'.:`° • ':'i; •?rr:,r.?desirable to refund same, or any other eertificuten ranking an a parity
'u ;-:. a °°: w' e`Lr•{ }s'; ?'1 ? ,,.i; ?" therewith, said certificates or any part thereof may be reranded, and the
I ,': ,,;_;•_:_.;t..-;i=? .`- ?; refundin, certificates so issued shall enjoy complete equality and parity
t}; _'j .':;° '•; `; t'`'}';J'=. ``< r?. ;, with the portion of surd certificates which is not refunded, if any there be,
and the refunding oertificatca shall continue to enjoy whatever priority over
„• `- ?:;'' •:'° oubzequent Is::uus that ma have been ea?'oyed by the cortificateo thereby
11j ;4
" refunded; provided, however, that if only a portion of the certificates
outstunding in so ru.unded in such manner that the interest rt.te is increased
or that the refunding esrtifieutoe mature at a
data eur].£er than the maturity
'm?'=s???' S5F'a".•`,?r'.3 date of any of the certificates not refunded, then ouch certificates may na*_ be
refunded on c a
i,: ;?.• p> .,. ;('?,:, ;. ., N ,..... ? au h;p r3 ty_.p?i.thaut:the=oonsent.iafttna holdera.•6=••the unre urded
`a•" f?'Y fi
portion of all of the certificates titan outstunding.
;
,•r
4'}. 7
r•
r:.
r ,f3• ,
i
.:.,- •.?.? ..Lit. .
?Y,y. r 1. •?,:?;,.; a .
;.???i1•;?Yl1 ?3e.;1:
y? •.4
t?l 't
' .1..
•
.
?Sr'r
i
: "t tt-.. .. r •,J ,?. ., }i3 .?•'••: Ar4-r,f J.a,?4•. T?,?.eFa''.
,
w
«
-
:
.Y:
f
• .,
.,.
,•J .J: .<'J
(?
%.3: '- :.sit.,i:i_
f' .? z,::Litf:AE,?a....}?::3iEv .., ...
..'":"•"'?.^
?•7
'r«,.'•e»t-?+.:?,.er+er .i ,. i'
a _ ?...
-^K?v.""•"'^'" •..:--"e•.s .-^..•-•+^•4"""'""" _ a?i:: .i%....].'.1.f' Sv«iti'.a'.'?'If 3dlei Li'L11'e:.2r.tJi:Fr-••s'-" - '. f• •?'
,..???.?.r-`.,....?..Y?.?R..-... _ ;?Y? rf :--r•
st
.sue" 'f,.:?"::?....._° ?S#'-::w `s:;s.'aa-r''r$'y'r,a 4..'1'si .:'7C •lY';Y?`Kt'.'
•
7
??
.
}
77
{ S" 3
T 1r
z
r
T ?'e k
tip. ->.`.t-.t:, 'G;?c,.3gJ!•. .i t.P 14. - ..Y. .?' .i,•' ?'.'< •i? :.e: 'i:?.? :r,,.l,,. ':i:' }:7':'_.'. ", Y 'mss^'` ?c..rt.:
t.•i '' :cam 4% :l' ':r:_ ??4':1 ,'S i"E'.',"z 's- }? }-.3
zl*g
?:-
X.
x
.Yy e• .. .. '.'I. '''.rk ...i ???': "r: :?:r?5 5 .7. ,r i is ^i
^ } ., !'? ? r ?`i''' l••?w•' 4 .Y -F brit'' r? 3
Y?, '1•• .tip e'j' r•f' j } .C ,}"
t" t h ¢ y
r ? r .? '?'., -d'. ? .'t.=. ,Yt•. ° ^I, r. T ?•.:.is lt(?.t,..?? 4:??Y tiew'.tir':w..'?M?•?? ? ? ??`^?
•?. v.?:
..; +.tr, .:.^v i? ?'+`r L [ ,?} ?., °..,.:i' '.WC•? •i;t t.?• .. .?.{rf. ....,5-•^" !IxY.yi' -.tti<'S ?cc "'Sr^ ?1k? t'Y'j
.'v,, ?.,,.,/r ': !. ?.i. ;+!"-r.l?7f>}es1'1?a?.2 •?? '¢?J4L?.?;??tc.,..IF'?:E=n:}...r''?c,.t-.':a,?66 ?.,.Pr1...:.:.}'? ••'1.,5 „Ci,. .t''? ;!'?' .?T .'Y"." , ?'???.i ,. t"' .,) I, .y i?? :, i:.
. `•?i?.,u`.? ? °F ?;,`:.t'<'..... ',b.ti .. ! 7 ? < ,? ,1;,• t' ter..: • ?;'°r
.. 'ar?i?•yi`S brl t•5 ':rf •J€?ly''n..' *, s?.`+1 ??
;!r??`i•.uer?9 F_:?r?.4.1?F!'z?'Ii??'::e:"IS ??t. ?,:.
o- ,
..,•, is ?^ _; .;, `?• :'; ` )
5e 'J ""ffpp ''. C'IA` ?i\Sr .
y'; f, t.r: :.t;:• •?"i=`rat,'; ,. .;1 ?; ?,
J,`'':i' Y?, rit,? ,•r';r Yat'f?•iy,•?,s:YJ
?'.
%
'>" - :. is r'r?#?.'t . ••,' ?r',,? : •?.f',F:
'r" d e W
y •: ~E??,d K
,?'F ?'?c??i'? r;'ja 4'•i e?>''?i7Y'':, 3yi„`.i`,?7.j:
a
_ /
rn!`. .?.j...«y..a. • ..; ^',f ?r ' ;a1 ,.-,-. ,r+...
a ,
.,.+ -a..s.- t'
,f
CITY U0--,:I3J1Urr L:INUT«S (GJ11TI1rUkM)
11ovember 17, 1947
Section Q It in hereby convenunted and agreed that no long no any
of the nartrriouton hereby uuthorized are outatanding.tho city will carry
adequate fire and windstorm insurance an all buildings and structures of
the utility properties which are aub,joot to leas through fire or windstorm
and will curry adequate public liability insurance and will otherwise carry
insurance of the kinds and in the amounts normally carried in the operation
of similar utility properties In Florida. „11 money rooolved for losses
under any. of such insurance, except public liability, and except as may be
otherwise required by reason of contract rights vented in the holders of any
of the outstanding aartificaten payable from the revenues of the utility
proportion, shell be paid into the Depreciation Fund and disbursed for the
same purposes us are other disbursements from the Depreciation. Fund,
Section 10. That the city hereby covenants and agrees it will cause
proper books and accounts adopted to the utility properties to be kept and
4riill cause the books and accounts to be audited annually by a recognized
independent certified uublio accountant and will mode generally available
to the holders of any of the cartifiaatos the baluaae sheet and the profit
and loss stttament as certified by such accountant. The holders of any of
said cartifioutas shall have tit all rcusonable times the right to ina7ect
the utility proportion and the roeards, accounts-end date of the city
relating thereto.
Section 11. That while the aertifiontes authorized herein, or any of
theta, reraain outstanding and unpaid the rates for all services and facilities
rondered by said utility properties to said city end to Its citizens and to
all consu::.ars within or without the boundaries of said city shall be
reasonable and ,jug:, taking into account and consideration (1) cha cost
and 'slue of the properties and the cost of maintaining and operatin.3 some
(2) the propar sad nooessary allowunees for the depreciation thereof, and 13)
the anounts required to be paid Lnto the sinking fund for the interest on
and retirement of the certificates herein uuthorized or pea'ctitted to be issued,
and there ahall bo ahurgrad and anro_ced ..gcinst all users of said services
and facilities, including said city. such rates and orounts Ss shell be
adequate to :tea;; the roquiratsants of this ordinance.
Section 12. 's'hut no taxes shall ever be lovied &nd r o I:oneya shall r,cr
to token or diverted fron my General oa:?oruto funds of the city for the
stated purpose of paying the principal of or interest in the revenue certificates
iasund hereunder.
Section U. Thbt the provisions of thin erdinunee shall constitute b
oontruet bettr,een said city and the holder or holders of the certificates
haroin nutnorizad to be iusued, and after the Issuance of any of said certifi-
cates no chunge or alteration of &ny of the nrovisionp of this ordl:iunve -,,t-.y
be I-'tt:de until :.11 of the oorcifieates have been -)aid In full as to both
princi'Ibl and intare5t or funds sufficient therafor• shall have bean duly provided
and depositad for that exulusiva j.ur705e at the place or ;LTment thereof. The
provisions of this ordinance may be Kaforsad by ::st:td:,mus or Injunctlan on
behulf of the holders of the certifioates from tirie to ti-t-. outataudi:4;,
but there shall be no liability ud,judicated hereunder against the city 8a a
V41,01e, 'isr aGu'n.9t tiny g:snoral co-,?hate funds or assets of the city.
:3sation 11:. Thut the •tariad of uanfulnens of the improvements, extensions
and be tints which nro to be constructed with the proceeds of the certificates
herein authorized is huroby found to be not leas than thirty-five years.
SeWon That George ST. Smith, us attorney for the City of Clearwater,
is he_eoy butuarized and directed to take appropriate proocedings in the Circuit
Court of the c:ixth Tudioul Circuit of Plorlda, In and for :inellun county, for
the validation of said Certificates, and the L:ayor, City L:i.nuGer r.nd City ..editor
and Clark urn authorized to sign any documm to deemed nooesscry in such ;tro-
ecedings. The eertificotas hereby iuchorizad shall be cold and delivered
in such n3nner and tipon such terms as r1ny be ;trouoribud by the City Cottraission.
„11 sues rcuerved t.s LZ1ru5d interest onall be ubid into the slaking fund and
bll other proceeds shall us expended on orjer of the City Lael•dsslon for the
purpose for which said certificates ure herein authorizad.
Section 1[i. That if eny section, ;Jerd2rbilb, ell use or ?revision of this
ordinance shall be held to Je ±uvLlud or umenforeauble for any reason, the
invalidity or unenforceability of such sccti,)n, p::rerraph, cle.use or provision
shell net efPaat uny of tha re=binIng ;jeovisi.)ns of this ordinancd.
YliJr,' •u P?i `, i
"Si?',••' 'rte
fr:
a???fS I??r? l?E 'I'???rf '13?
4
<1
..Yaitit '?ira7!?r?'k 5 ?SS'r•? ,
1 4 i
y lG dYe4lt .-5 p5. ...+.• .T.• Y? + :.,`•f. %.?. ., ..'! 1 ..;Fi.: ...,..-^•i.r. o.r}f n?J??"'y! V','^...l.if.?e!?TY?.i:.-,>'s..jPe431C t?;i
riw?? y?i°F'S ?: ?'.'.r']I.e.wt?..•jyy'f r. '^C. \d ry:&:," .L; C•'^' r r•1'? 'S ,. .'i. .. .. , ^ ?.n
'` .i-...«-....+,:_ -.....ia.kye?iirsr:,aaari?ei7•_v4 +?k+..:ai
r'T.''.''"'••"^'"__ _.^?;.--.-,..-.-.•.,.._.,r.- .....y..:.--,-. *--: .-•ct- :;r.'.:*?'f?".---? ??rF? :-p'- :?°`'l`t:,.:},a?.t`.??': ;J' .`r' 3:Y i.
,•l a.' .?.:i :: _ _ •!r? .t.'.... ,ra xs'.id '1.' 's.? ^-A??•
{ ?y.a .`in'3' dd ."c•?.r :la.'; i..`;t..'rJ..;": .rs r.-T:r%.~a ?J--'^ L.r. ;?: ..w.r'•:,t'? :\J•; fw -?' ?Y
?' ,;.rbre3' F. ?.y, " ':??»:.• i
Ix .?C^ ":'Iti• .y!?le 'J .. i?' V, _'!': _ '.if~.?' '4 .'y ? _ :3? Srk ?r? !•a -?s
T, h
.. Fr 11?? ...k
1P,{. '?' 'h fi '?'. :i;3?3•'.S tst;»b+ '.5:? f`iY'??.u":'• :S' 3'. > -•s• ,??F :'rktria., ..l.`CL:
3 .'' _ Y. N y t." } `: .u?..:. ., :1° .?f'? +,'L':S a'}'` yt :: .) .kT• ;Y r.r„: ,J a ??"y'ir} 4 y?
d:'-i? a ',Pt,? ak 'it `ha.. 't C3 •.j^„n. ,?a. .::.c ?aF ., ,'1":. a,t,! .i :f, ,, r.. t!.{..t. t. ..i ,r w: .C'-. r:;' 4,{
?1,? Y °,v• Y. Y'E 1 r;:."'•ti tlr i, 3
~:'.R` wt .',2 I.: 7-u . ?,(r -1.''_'.-^•.i•' •'g-'' •'¢C':i.,, :it„ pf,.,.'':'`. ,.30 •':;.°,'cri? 7'?"?" Kt, ??j a. L
`ti
.:•.J'a=.`'}+ -:Y7; `.n ,'3, .'t: '',.:., +:s+,'.=:;Z -}: ?'?;fr 'vy'ii•,.. .:t'. fµ.,;3 ''?t? pf?Fe'
-;n` •Y`?, v; -'?ss :1:??;at F t: 7 ? ;Y7i'. ,i ,'i.? °i?t:' 'C? :°,k• •':z^' -t :.` :•kr'e'?i"%:.. !-. y<a.ry,. .?sa ?. ?' t ????.. „e c?-
?(.r 1 yy7???yy""v,rtf x y',
} .1r '!,'r'Gr nt,!'• ?.].. r4.,. .e •7 .4 :t4°5.``f P r •4t: has'
-,,.y?r
? "3
'.., ,? ti ?!,J •. +, 'l,r'. w, tv..F T :'? ?.`d ,-'?•' ?,,a >.t..1....` '?1. .7 ;'1 's`;' ' ? ` '1?;'n'.j" :'!k 1 M,.,.? r tl? :"ia.'s."t r . r'r.
sF??i.?'v: ;F. _ .i :N%.: i. r.j,.. ".iy .C' I ? '.i^..'», rr-?:sn;"*"I".?,;:iS.ta'q, 'e: ??•;. j' 'r?'?e? k a 3,E7
j yy. d r', tt yy ,R: .4, :?' ?_ ?: jr 't:.• , 4e'° •«^r:y, s*oi1,{`¢
'??} x •1f ?, - A. 1 "5'? `s ,?? , . °,:?5-?'? ?' '' a ?f : ;?, 77 f a f. 5
V;'. ?,. ?.i?* 11 l
Tom' z '11 t} •.i',+ j , .s.,:,"?s'
?" t ri Zvi
?1y #" ,1 z tiSLil 'Yr".'-- ,ti•`r Stile!..a..?.w-w':s'r+.•*ti.,«'J5?wa.F :fiiH kar.Mt:K„' 'f. ?":°a,'9?+'".1f+X.?i?.' k-c?4r Yh'3iir?rltC+.r:.Se.Vnl+ 4t?y y 9
,vF?- 7. {'fir ?' r?7j?i fe?` y.p ? r ?•,L'i.?
At.
?`'!+?'i ?g5i v9?•ti=tWt.it2.t4-F°RStfsi' -,!•.:sv:
!.; i•;!^ •'F'"'; s",?': "~•a
i'.'"r•?k«4 ?F*az?y¢
r
s
qp-
pr
Section 1 . That by rauson of the urgent need i'or funds to pay
-
?
? 3
t
the aas
t a
so ia:proveuantn, cextenpiano and betta=onto, 2.n heroin
provided, for the preservation of the heulth, oaroty and voli'ore of ties
inhabitants of suid city, an omargonoy is hereby doclarad and thin
ordin2.nae shall be in full force and affect iauaediutely upon its Ldoption
be provided by law.
Adopted this 17 duy of 11ovomber 1947, by the City
Commisoion of the City of Jlearwater, Florida. _
%
ayor- omm sa aner
jkTT,jZT
ft [V/`??" Approved 1947
7
$E' "~
C y Auditor and Clar
-J
r City Attorney
vt'
L>
:
3
4
»? ,3'M
+
•
n':
ST .TL OF FLCitI2.. ) Y
:
,
y
Y
:.5
,
`
l S3. CUUGPi'Y OF 2Ii7.2.L„S) ?i?{FF??p{k?
The undersigned, City j,uditor and Clerk of the City of Cleareistar, In
the County and state aforesaid, does hereby certify that the annexed and
foregoing is a true and correct copy of an ordinance duly adapted by the
City Cozmaission of the said city ut a regular meeting held an this
day of , 191,7, and a true end correct copy of excerpts frosa
the minutes of suid meeting showLns, the introduatian, consideration and
adoption of said ordinance. Sold ordinance its now in full force end effect.
WITIF S my official oignuture and the corporate soul of said City fit
Clearwater, Florida, this -day of , 1947.
My .u tar d: U 'lark.
letter was read from Attorney Phillips asking that the City Coma2ission
approve certain sub-leaeos covering putt of the building known as the Tackle
Shop on Clearwater Bauch, located on City property. It was moved by Com :isnioner
Johnson, seconded ty Commissioner tells that the matter be referred to the
City 11t nager in order that he might renegotiuto with Mr. Trembley the lease
covering the Tackle Shop with the view of gaining gre::ter and more edequate
revenue for the city.
The Commission sitting as Trustees of the r"2s•.ployoes1 Parisian Fund heard
read u reoor.2nendation from the advisory committee that Leon B. L:ims, Lee C.
Huskemp, Basil Newsome, Zmmett Sullivan, Leon C. Sims and ti'tm. Patterson be
accepted into Membership in tho Pension :lun. It was Moved by Commissioner
seconded by Co=lssiorer Johnson and unsuninously curried that the
reao=endution be approved.
f°£ st
? There being no further business to come uei'rme the Board, the meeting
r' x
" was adjourned.
r
i' i
1+1.
?t'
?
?S? .fig)"'?
1 ,3b{'?:i
?Jt ir}r " •
14eyor-G or-Miss lazier
fit' .TTrsT: .^ ,
p
Vlq
y City Auditor and Ole
lob
t
. 2
3