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is .>.°A...? .?^? .t? +fi'....+:..:`?:..Ltvta»se: xa,.... _.». re..--., e'i:r . ,:.'.r--::{.. w.'t .r.,L..xL..,, .. W......,w r.is<.';:.sw,,. ?. a:a.Yr:"aCaw^td-ir',•,'. •:.;:: .: .. «`? ^-
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ORDINATIGH HO. 595 Rr
City Cosmiasion Meeting
August 21, 196o {
OUDINANCE NO, 596
i ` •' f{ "`' AN ORDINANCE E 91=1110 SECTIOIIS 5 AND eJ OF ORDIIllI1ICE
544 DE1110 All ORDINA21Cu PROVIAI120 POP THE I`35UAI:C3
OF w116,000.00 YACHT BASIN REVEIIUE CERTIFICATES BY
CHANGING THE DATI J BY WHICII SAID 01jRTIiFICATFZ ARE
CALLABLE, AIM PROVIDINn THE kYFZCTIVS DATX OIL THIS
t OIU]IIVOICE.
e ' '' {SL :s y . 's4 : ! ""? •'" ?` BE,.IT. ORDAI?,*M BY THE C77-v C012,125310I1 AP THE CZY Or 0=? 0811?T41i, F LCIiIDA,
AS FOLLOWSrs
SECTIOII It That Section 5 of Ordinance 599 is hereby amendad In its
entirety to road as follnwut
;•'.; I n5. DESCRIPTION OF CERTIFICATES. The Certificates shall be dated July 1,
1950, stall be in the denomination of Q1,000 each, shall be numbered from 1 to 115,
inclusive, ahu11 bear interest at the rate of throe and ono-quarter per cent;rm (Sir;) i
pop annun payable semi-annually on January I and Ju17 Z of each year, and ahall
nature aerially In nutiorical order, lowest numbers first, on July 1 of each year,
15,000 in each of the years 1952 to 1950, inclusive, and ',10,000 in each of the
yoara 1957 to 1965, inclusive.
L.i
The Certifinatoo maturing in the years 1052 to 1955, inclusive, shall not u'
' be redeemable prior to naturity. Tho Certificates maturing in the years 1956 to
1965, inclusive, shall be redeemable prior to maturity, at the option of the City an
JuI7 1455, or on any interest payment date thereafter prior to r•atirrlt
%f,::. ;''',`:;',, ;• whole or in part, in inverse numerical order, at a redemption price of par and
;.+,', 6`: L?t.'S";::.:`.:_%;•'. accrued interest to date of redemption, plus a premium of three per cent (35) of the : ; ','•';;,,,:
par value thereof if redeemed on or before July 1, 1958; or a premium of two per cent '{°'r :•; <r ;'r `::%',:
,Z. . gar'. • ? `?1
(2,1) of the par value thereof if redeemed thereafter but on or before ,iu17 1, r ?>. •j'? ? - 1960;
,..?u:l,•,,..`,:' :' :', ::: or a promium of one per cent (1N) of the par value thereof if redeemed thereafter but
an or before July 1, 1962, and without promium if redeemed tl:ereaftor; provided that s
' e`+} ?: • rnl i, t fat r t..ti .-? T
t ,, ':.'::.;,• notice of auah intended redemption shall have been published by the City at least =iGM*il%4tfi;, s;ta >,
once at least thirty days prior to the date of rademption in a financial paper pub- ;?' ?? x ? •a'?'' ,?-'i?°Y d ?~ 4's,.
lished in the City of New York, Now York, and provided further that if lean than all `,''' '?`••"' '''' of said Certificates subject to redemption are so called for redemption, the notice ?='";`•'<'";a;. „?.'r *,,.;,?;}; §
of redemption shall state the Identifying numbers of the Certificates to be redeemed. ?''?,`•.;' ;?:°.. {,i;'r<;=i??.'tr,.I
?; '.?! .' •::;\?.,t?F'?-:+,:h,l r.i"'f`tif4Y`d'j v_.LA
Said Certificates shall by issued in anupon form, shall be payable with :',;.?,.:E:??,•p}??Fq???ti,.?., ;r,.?.,•,}"
-i'•>,;; is' 4 i n'.=.'. ?, •.•?" respect to both principal and interest In lawful money of the United States of '?;?-:??:;?I'='>~.i`?:??'??::???,?'?..•?"?,,:
• ?`; ;'' ' Azarica at the principal office of the Chemical Uank & ''c'rust Coapan 7{etr York Cit• A;, •t+;i•:41:.:
•Sa'.y.. i. ,. - 6 f g.?... ,•'+ 4'.,. ON
;.;'+` °, ,,.„;,r;:• 'i.,`r;V: New York, and shall bear interest from their data, payable in accordance with and
r' i r upon surrender of the appurtenant interest ocirpona na they sevarslly rnture, ":?''+: ,.,.,ai£.;L. •:t Y•;!C-
.' SECTIOII 2. That Section 9 of Ordinanco 594 is hereby amended to read as `?,•...-,.,`{,r,?,hr ? ':,.,i;
r:-, `°;:•:,??., :. .`.,,. ??{, ?:?,;, eft';.
follows:
•?, s:ji; :i9tx. ';t'' _.,?;•.°5'"' ?,LaZ?{»f; i:,,:?tr..i:;'-:°L',- !
NO . a -,
+?,:•°:?%;.1r?.r.,=, ?i,, 9. 1:ORId OF CuliTInICAT-Mc AIII} COUPONS. The text of the Certificates cou- ?,'"-1'??? ?y`7R.1=•?= t? ?t:"'
:
s f ons and provisions for re gistration shall be of substantial) tho following tenor,
?,with such ociissions, insertions and variations as may be necessary and desirsble and
' ;`•s...::` ?'.;,;; authorized or porm. fitted by this Ordinance, or any oubsoquont ordinance or resolution 1''
adopted prior to the Issuance
thereof:
No. U1I1.L'D STATES Or AI1..fRICA 31,000 _;?`?::?•f ?
CITY OF C LEA RWATE1t ,;•r ,+'::., 4 F.. , %.s
• ?._'- ;?Ie;?,;1;' ,-' s••:3, _;•.. C0l.1I1s.RCIAI, AID 'YACHT BASIN RyVEI111E C1:R:IrICA_.. '?='•,?.•?t,.;,', ;,=ty::,.t': ;,:,,.' :
+":r'„r' <°z h1141Y ALL 1 Eli BY THESE PilrS=RTS that the City of Clearwater, in Pinellas d:rr,;,'. ';.y'a',+ x.°'•'+,;+sf;ri; County, Florida for value received, hereby prot. :iaea to I: ay to r t2 0 hector, or if
°`.Rr", F?'t1..t;.•iy?t?l:,k??" tlria
Certificate be registered, to the registered holder as heroin provided, on the first '; :•.F.l:,'''>•.°.t>::-',•', .;r.'
` ;4 As' i" t E>t 'z.;k `• day of Suly, 19 , from the revenues and special funds hereinafter mentioned, the r:,=.a:r`{7 `?I.:t,',`
d L'+ .?„•, :? h`•;}. principal sum of +.? ?+ i t ?"' '-•;I.L'S' „? . ;1:I=3t-' „ ONE THOUSA2IA DOLL1RS (^1000)::
:•• i ;.h;, •' <';
.f ?''`'? S:;S??'s' ''?;• ;'rd?, ?';c,' ?.E.'.:..1 µ r,L,{,r{ :`'«?..+.r,S.l:`
trith Interest thereon at the rate of three and one attar or cent= .. ,) par
' ?,e;J `,?;€? 'd•5?.?.:, l?' ,.. `:: ` ? »' ? y.,E:iq: ,r?^'' 1
annumr Pa9ably semi-annually on the lot day of January and the 1st da7 of July of rY'
"19 r;: ,.??'l!•.t. ''"?? ',y'{ each 7ear upon the presentation and surrender of the annexed coupons as they severally
,,y;..; ,.,:;r::; ,'? •?''e;?,,;}:::.: fall due. Bath principal of and interest on thin Certificate are payablo in lawful
nona7 of the united States of America at the principal office of the Chemical Bank ,'" ;, ?>L'.•, `'?;-1°ri ;°5.' :.
5•e':'`F:`')t'' "'.' •.' )a.< fi Truax Company, In the City of New York, State of row 'lark. {';}sr;':.-'
A'1ir" ••i, ..F.. "<t'Vi ??kr,•: e:- _ r,?•:.I.•:.u'
This Certificate is one of an authorized issue of Certificates in the aggregate
„•1 •,":•' principal amount of 0115,000 of like date, tenor and affect, except as to number and
date of maturity, issued to finance the cost of the construction, improvement and
equipment of cocmereial and yacht basin facilities In the City of Clearwater, under 6?'••
„•,:..,. ?, :. the authority of and in full compliance with the Constitution and Statuteo of the State ?T.•,i.,,•.-.<
of Florida, the Charter of the City of Clearwater, being Chapter 9710, Special Acta
of the Legislature of Plaride for the year 1,323, as amended and supplemented, and ?,i'';;:•-?:?,:r• ,;,•r:
other applicable statutes, and an ordinance duly adopted by the City Cor'mission of r 1;r ''
said City on August 1950 and is subject to all the tor~ta and conditions of said ? x r?s ?f-4?'; } ,..•.;:• Ordinance.
??'"•, .; i• ,s'S: •F•
2.>A?`r d ra., :7 ^f?yyt"•'' li:':!'.??r'?,?'::: '`
This Certificate and the coupons appertaining harato are
Parable solely from •.?,:;?.:":.,•k%. -
and secured by a lien upon and pledge of the not revenues derived from the operation ::°' =',?""`"? sZ'•,:,?'? s`
f'•?;,n'$/ f" 1: ?e?" ?'??s `¢i? .?r,?if' .. y...,..ar i:.{+. _t r. ,.r ..
of the Project described in the ordinance authorizer this issue of Certificates in ++ '',"-"'`E' Its: :::'?t`;•'
t;?'•, ?•"? ? -?•"?.•.?5?r?';?.r}.•?. the manner provided In said Ordinance and doss not constitute an indebtedness or the
r
rye !rr` li.??,h!_,fr- , F?$ t,?'''S'•'?49'•;:L.f..... s"" .:^?-`;•.;.s':'
s.. ) i :'S:r?•s.,?.'?4,?City of Clearwater within the meaning of any constitutional, sta« ..utor-3`ar charter pro. ;;?,?r,i?t??F`,?z,'???Li•?'>;.,,:,;a;??- ,
to
'?k visions or limitation, and it in expreaely armed by the holders of thf_s Certifieato and
If Omer r
:Y. •.F -'?. ?' ':3`: , .. ?t'r. .1', 51"'I QS.' 1
} _ ri•.`., >?' :}. .- ?, °f. .I?'f*I :ice
ti%• ( 3 ..fie'. u
t&,`1'h r"'r:S}-"
r:5 . Ni?• 7tR iS .4: .1 '.•, e'' ?, ?,?? _i. J. ., {• .'f ..
%
}r '??r u iK! -L r '-tr
'a `•v': .i' t is 4t1 lY' I T $,
` `•i'?S: ?.'!"?. y',`,C, '.!!•• ??'i 1• ,SS •?-' '`'' '.. ?f'Z'/r r. il' ',•.[' k °a\?•
.T"`.}C?}. _?`.? ??['!$'a•!' - r.°,'sz ,.'t 'I+r-ff
,f"C'?er':.tF ?" '?rq as ..:'?::':.'+. ,.. .... •.. .... .e b^. ....«... .._ .. .. ., ...w...:r.=, r'.t,:??.?ti.T:;.'.i`?hT:7::S;.Ri.::.'a?-,.•i'
s ?`•'!,^',?!-: s, i ?;: ,:3?:- ?.:? :,.. •'? ' 2...i`-?'i?: i"w.: h?'...1?::..7r,., i,.:....... ......,_ w e . T..«-
W ,
"
? OITY C0131IS UOti A,LLT11fo
i Auguot 21, 1450
ordinance r/5 U6 , CnntId
.
;4:;•,'°n; r.,'; ', : ; : the coupons Appertaining horoth that ouch holders alw1l novur }w!e the right to
.-.;.;",',.'pe';?°r;'.";`: ;:.:,,°:,
• require or compel tho exercise of the ad valorom taxiru; poor of uu:d +7ity, or the
"
'r .::;'r":: •'.'r'°::' ':` k;':=°
:' taxation of roai entnto in said City, for the pnynent of the ;?r.:sc.rfil of and
, Internet on thin Certificate or the making of any ninkln;; fun:7 r-ioarin or Other
payments provided for in the Ordinance authoriwin , tflwa iiwto u; E:orti flea toil.
11; in further agreed betw+onn tiln City of Clanrtrutor unit tf;n holder of thin
-
Cortifleato that thin Certificate and the obligation evlauncud thereby shell not call
;;'. atituto a lion upon tho aforonaid Project, or any part thereof, pr on any other
property o2 or in the City of Clearwater, but olm ll constitute u lion only an the
net reventtion derived from the operation of said Project in the munnor provided in
• l said Ordinance.
The City In said Ordinance has covenanted and ugreed tiwith the holders of
the Cortifieatna of thin issue to fix and establish and maintain such rates and
• >`_=' s •.`
! colloet ouch fees, rentals or other charges for said Projoct and ouch and every
,
;... '•; •;
€:. part thereof and to rovian the anmo from tine to time whenever naaaaaary (oubjoct
v
; to the provisions of any contracts with leasees or liconsoes of such Project, or
any part thereof,) an will always provide revenues sufficient to pug, and out of
said revenues shall pay, as the same shall become duo, the principal of and interest
on the Certificates of this issue, in addition to paying, an the oulia shall became
;~ .:. ',;_ .: °"':•';s ;':',' due, the necessary expenses of operating; and maintaining said Project, all rosorve
"
•`'
, payments provided for in said Ordinance, and all other
or sinking funds or other
obligations payable out of the revenues of said Project and that such rates, leas,
rentals or other charges shall not be reduced so as to be inaufriciont to provide
"
? revenues for ouch purposes, and said City tins entered into certain further covenants
':"•r.:.:,':.''.; with the holders of the Certificates of this issue fnr the terms of which reference
is made to said Ordinance.
" E.i' c`: `'•" '-' The Certificates maturing in the years 1452 to 1965, inclusive, are not
redeemable prior to maturity. :he Certificates naturinr; in the genre 195Ef to 1965,
inclusive, are redeecable prior to maturity, at the option of the City on July 1,
1955, or on any interest payment date thereafter prior to maturity, as a whole or
in part, in inverse numerical order, at a redemption price of par and accrued in-
terest to date of redemption, plus a premium of three per cent (3%) of the par
' value thoreof if redeemed on or before July 1, 196B; or a premium of two per cent
(2J) of the par value thereof if redeemed thereafter but on or before July 1, 1860;
or a premium of one per cent (1%) of the par value thereof if redeemed thereafter
but an or before 3n17 1, 1982, • and without premium if redeemed thereafter; provided
1`':'c =^ - _.,.>; = t, ;,'-.
•. that a notice of such redemption shall have boon published at least once at least
, thirty days prior to the date of redemption in a financial paper published in New
York City
Vow York.
,
It Is hereby certified and recited that all acts, conditions and things
,::.•; required to exist, to happen and to be performed precedent to and in the issuance
of this Certificate, exist, have happened and have been perfornod in regular and
4 : •--.a due form and ti.-is as required by the statutes and Constitution of the State of
Florida applicable thereto, and that the issuance of this Certificate, and of the
consti-
issue of Certificates of which this Certificate is one, does not violate any
tutional, statutory or charter limitation.
'•t .'_ "' This Certificate, and the coupons appertaining) thereto, is, and has all
the qualities and incidents of, a negotiable instrument under the law merchant and
% the Negotiable Instruments Law of the State of Florida, and the original holder and
"
'
' each successive holder of this Certificato, or of the coupons appertaining thereto,
.
;
-• shall be conclusively deemed by his acceptance thereof to have agreed that this
' Certificate and the coupons appertaining thereto shall be and have all the qualities
?'• "`"' '°° - _'' and incidents of negotiable Instruments under the law morel-ant and the Iegotiable
g! • :` `•' :^: • Instrumenta law of the State of Florida.
"_'he original holder and each successive
holder of this Certificate, and of the coupons appertaining hereto, shall be con-
"' 9`..:' "•'', •"- s' , elusively deemed to have agreed and consented to the follewing tame and conditions:
(a) Title to this Certificate, unless registered as herein provided, and
e 'Fri.:'.s}.'=;'..; .• .°•r.;'.' `". °:
' to the annexed interest coupons, may be transferred by delivery In the vlanner pro-
?
'
:,?.•: ;, r.,
.: vided for negotiable instruments b
payato to bearer in the law merchant and the
, legotiable Instruments Law of the State of Florida;
•
, 4 ,-.
:;.
.
'
;
, Any person possession of this Certificate, unless registered as
r
,.
,
,
;
f
;
:,, :,,''.:•
,
=,
?
` ` herein provided, or of the interest coupons hereunto appertaining, regardless of
: 4
;:i'
'
:',:i'f'.' ,"; `•; .:-`:` the tanner In which he shall have acquired possession, is hereby authorized to
1..'; A..... 3'>
' represent himself as the absolute owner hereof, and is hereby granted power to
4!.'!"•''''' a~`:'; °""
'
.,. ;1'. . trnnafer absolute title hereto by delivery hereof to n bona lido purchaser, that
_ is, to any one who shall purchase the aace for value (present or antecedent) with-
'^
z
` out notice of prior defenses or equitien or claims of ownership enforceable against
:..•u,
-,.':,
,,..•
; :.;
"-s'
?.;:
? 3i•:
`
'' ';
?• •';'??` his tranaferror, • eve
x'y prior taker or owner of this Certificate, unless registered
-?
,n
.,
;
,
"•° !•'. ~ < " '`'' ? ,°;:'ti .''' as herein provided, and of the annexed interest coupons, waives and renounces all
:.. .........
,.-;,:.. ,-<
of his a
quities and rights herein in favor of every such bona fide purchase, and
.
( .; <'F;.; ja _',g` '; If• .:;;;r;.". '? '} every such born fide purchn3or shall acquire absolute title hereto and to all rights
` represented hereby; and
f'Y'}; • yyxr` r;?={ ;;;
:: -?
'
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•
'• (c) The City of Clearwater may treat the boaror of this Certificate, unless
re
istered as he
ei
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o apper
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the absolute owner he
roof for all purposes without being affected by any not,
_ca to
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Th-
ray
t.e registered as to principal only in accordance with
C
rtificate
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? I11 WITHESS 4'g}iMEOF said City of Clearwater, Florida, has issued this Certi-
, floats and has caused the soma to be signed by its City Auditor
. and Clark and its
Cit Mane er ceuntersi nod by its Ma ar-Corriissionor and Ito corporate aen1 to be
d h
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e
affi
xe
o and has caused the int
rest coupons hereto attached to be executed with
ere
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CITY COW4I#051011 MEETIVO ;ri/ ':
- ^:•: :<;i?ie, gy' i `>
•i
August 21, 1000 ,
.
Ordinance #590, Contd.
the roe simile aignatureo of ¦ll of said officers, all an of the first day of
3b17, 1950.
CITY OF (J=.RWATaR, FLORIDA
BY ;
City a for an c, ar
(SEAL) By
ty ,onager }[
Counteraignedt
'' nyor.. ncrti as finer
(FOMI OF COUPON)
j;e •
On the day of ,10 , (unless the Certificate to which this
coupon is attached ahall have boon duly called for redomption and provision for the 1
payment of the redemption price duly made) the City of Cloarwator, Florida, will pay
to-the bearer at the principal office of the Chemical Sank & Trust Company, in the
City of New York, State of Now York, from the revenues and special funds described
in the certificate to which thin coupon is attached, the sun of Sixteen and 25/100
Dollars ($16.^25) in lawful =sons of the United Statoa of Arerica upon
, y presentation
and surrender of thin coupon, being six months interest then duo on Its Commercial :
and Yacht Basin Revenue Certificato, dated July 1, 1950, No. '4,
CITY OF CLWIWATER, FLORIDA
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(FORA OF VALIDATION CERTIFICATE)
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Br of O Circuit o- r 02
Pinellas County, Florida
(PROVISION FOR REGISTRATION)
This Certificate =7 be registered as to principal only in the name of the
holder on the books to be kept by the City Auditor and Clerk as Registrar, or such
other Registrar as may hereafter be duly appointed, ouch registration being noted
hereon by such Registrar in the registration blank below, after which no transfer shall
be valid unless made on said books by the registered holder or attorney duly authorized
and almilarly noted in the reglatratien blank below, but It may be discharged from
registration by being transferred to bearer, after which it shall be transferable by
delivery, but it ray be again registered as before. The registration of this Certi-
ficate as to principal ahall not restrain the negotiabilltJ of the coupons by delivery
merely.
DATES OF IN M10SE IfAME BIG: %TURE OF
REGISTRATION REGISTME) REGISTRAR
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'?: . • .?s•i:?:'?3.?-??:_'!?;;; ? ??,?Yr SECTION 3. All ordinances or parts of ordinances in conflict herewith are
p ?.• .tfi.:-;t.?-1?'•"=1"1`'?'r`' horebg repealed.
SECTION 4. This ordinance shall be effective Irunediately upon its passage.
:kE ' :?.; ?•". i' 1; '1 4'ti'•••f .yfsV , fr'-b.,?J
PASS= AND ADOPT=) BY T3is. CITY CCI,U.IISSIO11 of the City of Clearwater, Florida.
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PASS= on first reading August 21, 1950.
?'• tt`?,?•z`e?a.?a + ? ?'?E'•?'??'°• PASSE on second reading August 21, 1360,
PASS:! AND ADOPTED on third and final reading, Aurunt 21, 1950.
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1?. C. Wins•o
s..?, y As:ditor ?: Clerk
Approved as to form and corroctnesat
Ben Xronta:an
UIE7 n torney
Farr2 S. Snr::eant
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