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''� ,... . . . .`��Fr}.f.�Ef.�t je. . '�',• ���r� .'��._ . K" . � � raeA::.ta��i;::.�.�;H.::°ra�saix:.d�s:.,y•. ... .�..i.. <--��, .. .,... ....�«_,.. ..� �..._1',:1.,--..�w�.r.a•.:...-..:,••.n,��r,i;y�f'k�d��.,Yt�}1".P'''�v���� �i .r.��.���' ,•+;1�:•:'z� �p. �iYi�JM.�eors...�: , , . . 4 . � . , ` '� .. � ii�. �t !};� `�r,�j� i'�, : �;�{' ' +� :e 1 r �� � . . � � ' ' � �� ry� M'' � �.�"r„�}:'., ORDYNANCE NO. 910 , ,!" , � ' � a , . ' ., •�! , '���(�j`-�1���'.rT��4i � ' ' .�...L�) s �, �.; V . .. , . . AN .'OflD�NANC� 11i�I�ND�Nt� ORDINANC� N0. 879, . � , .� .., ..� . ._ . . ENT�TI�D ��AN ORDIN�INCE AUTHORIZ�NQ TI�E � CONSTRUCT�ON 1�ND 11CQUZS���xON Or A i3R�DC+E ' l#CRASS LxTTLE PASS, �3�'1'4�EN CF�l1i�VlAT�ft � � nEACH AND SAND K�Y �I3 prN%:LLAS COUNTY, i FLORmA, SA7D BR�DGL DE�N(3 Pl�T �P A PRO- � j POS�D Cl�USTWAY AND BRxDa� F�OJ�CT BL"`.�WEEN � CLEARZ��ATER BEIICH � FLOR�DA, 11ND H�LL�AIR ' BEACH, FI,ORIAA; AUTHORIZINC� Ti-I� ISSUANC� . 0�` NO'� EXC�ED�NC� ��.,500,000 �3RI�(�E REVE� . �;Y�.,.,;�_���;x�- F30NDS TO FINANC� THE COS� Or SAID BRII7GE ' AND i'RWIDxN(� FOR 7.'}i� RIQHTS AND R�M�D�.S � 0� THE FIOLDERS OF SAID BRSDC�� RLiIENU� F30NDS �t, AS IiER��QFORE !1P'I�ND�D BY ORD�NANC� N�. 888. 4lfiEi��AS, �he City Camm�.�s:Lon oT the C�.�y ot Clearvra.�er, F�'].orida, ha� heretofore, on Octob�r 18, 19&0, f�.nally �nac�ed Ord�.nance No. $79, ent�.�l�d: 'tAN OT�D�NANC� AT)THORIZING T}� CONSTRUC-, T70N AND ACQUISZ�IaN �r' A BRIDGE ACRQSS LT,TTL� FASS, BETI�EN CLEAR- I�TATER BEACH, PL4RTDA, AND BELL�ATR BEACH, FLO�i�DA; AUTHORx��NG TH� : � �SSUANC� C�' NOT EXCE�D�NG $�.,500,000 DR�DGE REVENUE BONDS TQ FzNANCE T�i� COST (7r' SA�D BR�DG� AND PROVrDYNG I'OR THE R�GHTS AND REI�DIES OF T� HOL�FRS C�` SA�D BR�DG� REVENiT� BONDS "; and � jdH�REA5, �he C�.�%y Comm�.ss�.on of �h� C�.�y of Clearwa�er, . �'lor�.da, has here�ofore, an D�c�mber �.9, �.g6a, fina�.�.y etzac�ed Ord�.n-- � anae No. $88 c�hi.ch amended said Ord�.nance Na. $79 r�o as �o correct ` cer�a3.n typograph�.cal erro�� in �he redemp�lon provisions se� for�h ln Sec��.ons 2.02 and 2.06 0� sa�.d Ord:L�ance No. 87�; and �l}iEREAS, �.� �.� deemed adv�.�ab1e and in the bes� �.n��res'�s oi' .. �he Ci�y af C1.earvrater and the inhab3,�an�s thereof �o fux��her amen,d sa�.d Ord3nance Na. 879 so as �o author�.ze and perm�.t �h� C�.�y ta cons�ruc� and acquire �he en'��.re Causeway and Br�.dge Project referred � �o therein in lieu af cons�ruc�in¢ and acquiring only �h� Br�.d�e cons�iicu'�ing a par'� �hereof , no�v, �here�'ore, . 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' ,t PR03'�CT B�TWEEN CLEARWATER i3�ACH, I'LORIAA, ' � , AND B�LLEAIR BEACH, FLOftxDA; AUT1i0RI�INC� ° � TH� xSSUANCE C�' NOT EXCE�DxNC} ��.',�00,000 = �"' BR�DC�� REV�NiTE BONDS TQ FxNANCE TH� COST '� � OI' SA�D i'ROJECT AND PRC7V�DYN{� I+'OR TH� RiGHTS ANA �?EM�DZES OF T}iE . HOLD�RS QF` SA�D �3RIDC�E RLVE�IUE BONDS . BE IT QRDA��TED BY THE CrTY COMMISBZON GtF T}i� c:�TY OP CLEARWAT�R, FLQRxDA: � �TZCZ� z . STATLITOF�Y AUTHORxTY, F7ND7NGS AND T� �+ INIT�ONS Sect�.on 1.Oi. AT)THORxTY FO:� THIS ORDINANCE. Th3s ord�.n- ance �.� adopted pursuan� �o the prov�.s�.an� of Chap�er 15j, F�.or�.da Sta�ute�, and o�her app�.�.cabl.e prov�.s�.ons of law. Sect�.on 1.02. FINAZNGS. Z'� 3.s hereby found, de�ermi.ned� and dec].ared as f'ollows : `{A} That it 3s necessary and des�.rab�.� and in �he best �.nicerea�s of �he C�.�y a� C�.earwa��r, Florida, and iche �.nhab�.tants �hereo�, �a cons�rur.t and acquire a Gauseway and Bridge Projec� between C1.earwaicex Seach, I'lor3da, and Be].leair Beach, F�.or3.da. � (B) Tha� said propos�d Cause�ray and Bridge Project con� s�.sts of a two-�.an� causeway beg3nning at a po�.nt nea� �he narthern term�.nus af Gu�.f Boulevard {Coun'�y Road 2�8) �.n Be�.�.�a�.r S�ach, P�.n�l�.as Coun�y, F'lc+rida, and ex�eriding northward a di.stanae of approx�.ma�eJ.y ]..g6 m�.�.es a1.on6 �he eas�ern shore o�' Sand Key, �h�nc� acrass L�.t��.e Pass by a br�.d�e approx�.ma���y 237$ �ee� �.n �.�ng'�h to the sou�hernmost po�.n� af C�.earwater Beach, �henc� nor�h and w�a� 0.1.6 m3.�es �o a cannect3,or. ur�.�h Gu1f Viow Bou�evard, Sauth �.n C�.�ar� wa�er beach, Florid�,. 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', , ` , r��i... 1 . } . �� � E � ° ��'��;'� revenuo� are no� p].ed�ed ar eneumberec� �.n any manner and �.� �.� E,1,�.� , � �';; . �€t;� deemed n�ce�B�xy �a pled�e aueh revenue� �o �he paymen� ai' the pr3.n� r�,�,�, �ry1�`� c�.�a.l of and interes� on the Bonda �o bc �.aaued purauAn� �o '�h�.s ; �.�. �r .si,r'�r ;`��'.. ord�.n�nce . ia �`•'`4:.E�}`-.{;���{t;; �;_:�.;.;,,c:,;i; �•,:�a��;i•l�y' } �;iXj�S A:���?�r,t�=�P�c;�'%3 �+ .�"�1��'l,fi}�'t.�f�•,•.l..E'��tjiil`. � '•k7 r..�ftiZ� �.:�1c.. a.'�:�:ii 8.'k•;�la�C�d-�iti?:il:`..r...:li'��?���. �"F�� i`''-��� �°� ���{h�'`�ril;r�;i,�'-';,-�:� Lz;u:y:;�.:vt,.,:f`y"+���,� . .. ,^?t.��i�'�.9'':;it''�:. , )o�,;r�i• :>�;,:� ail: �i�li'�s:Y �C.�wtyr� i';�."i:'t•`L�* i�!'�i'�': ' ;t�`�� � 9���5 �p�'�. ��. �,a•;�•..,.r,S�• r� ����� e � .r��ez:o�J'�. ;:, � �r ;M{'�4.'�kr`�.�,,4;iEti�:��`� '.°,'��_��"�i ��Y'�{�It"1Si:�. .�� �i.M,�y.4;�i��4,� (D� Tha� the revenu�s '�o be der:tved �.n each ysax here- a�'�er f'rQm �h� opera��.or� of �;he aa�.d b�r�.c1�e acros� Zi��:le P�sa lzere�.n au�hori�ed '�o be construct�d an�. acc�u:Lr�d as par� of the Causevray and Bx�.dge Pro,��et re�erred �o in (B) above rril�. be a� leas'� su�'fic�.ent �o pay a�.�. ca�ts o� opera��.n� and ma�.n�ain:Ln� sa3.d Ur�.dge in such year, �he prinal.pai of and �.n�erea� on �he Bonds �o be :�ssued pursuan� �o �h�.s ard�.nanoe matur�.n� and becom:Ln� due in �uch y�ar and all sink�.ng #'und ,. r�ser�re and other paymen�s prov�ded �o b� m�de �n such yea.r by �1��,s o�d:Lnance . (�) That '�he pr�.nc:Lpa�. o� ancl 3.n'�eres'� on �he $onds �o be :Lssu�d puxst��nt to �his orc�inance and a1.], s:Lnk3n� �und, reser�� and o�her ,payments prov�.ded �ox� �.n tlz�.s ord�.nance Vr3.11 be pa�.d sole�.y 1'from �lse revenues der3.ved by �he C�.�y fro�n '�he operatinn of sa�.d br�.dge ac�oss L:Lt�1.e Pass her�3.n au�hor.lzed �:o be con��ructed and aequired �s paxt of th� Caus�vray and Er3dge pro jec� r�i'erx�ed �o �n {B) above and said $onds �o be i.ssued pursuant �o �h3$ ordinanee �ha�.7. not consti.�ut� a�.�.en upoM said Cattseway and Br�dge Pr�,�ec'� her��.n aui;ha�•�.zed �o be construc�ed and acc�u�.red, or any par� thsreof, or upon any other pxoper�y ai �Ghe City o� Clearwater, exeep� th� revenu�s to be der3.ved from the opera��.on af �he said br�.dge across Li�t].e i'ass herein au'�horl.xed �o be cons'�ruc�ed and acquired as part af �he CauseVray and Br�clge Projec� re�erred �o �.n {B} above. (F } Tha�: '�h�r� is hereby au�hori,zed �h� construction and acqu3si��.on of a Causetvay and Br�.d�e Pro�ect avns:�s�:�n� of a two-- lane aauseway beginnin� a� a po�.nt near �Ghe nor�hern �erminus o�' C�u3.f Soulevard {County Road 208) in Be�,lea�,r He�.oh, Pine�.].as County, Fxarida, and ex��ndin� nor�hward a di.�'�ance of approx�.ma��ly 1.96 , . .. . . . ' . 5 ��;�4���:;��q �o :., - : .: � � . , - . .:.:, . �: . . r�: �-,� : ;�.. . , ��:� � . . ,. � .;::_ , . ;,,� ;��E�,.r,^�,�,.- �_�:;t',G.,'�;� ".,� ..:,' . � ..: . . .._ � '� :i+;�4 � }°'7.;� .. ',��,�r:,t� �,'�� •..y;�I . ;.s; :i: , . • - ��:"7ii~`1�3. !y't:.�`y,�;' � � et , :�,,�., i,{:�e, �" ,t . ... r . . - '', . ; '"'. �, .`i � . � � ' ' .. �r2i��'�LIL!if�.r.�-'ti�' b.�..'� - -�7�'�R'w�nk.'�'�'*17w�'s ir►-r»��ri�_ ... T r� . . �� � ^F- ... _ .._. -3� � . � ,i . .�,'. ._ .. . �',,;1`,,,.,.}: ;;�;�' �; :�.'-..,:��.. jf'r�'ar:� �'�t .•l�'i ,i::r.�. j'r�����it.�'�'i.' . Y.' fy=lti �t,'f,f. �1 E ��6'1.' 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I.... ...........�..�... v�. ..w.l1t .w.�.�I . . rE' ... � 1' . i , �� //�/��\\ � ; . ,� � { j ' � � , � . `� . , � � . m�.�.es aiong �he eas�ern sharc of Sand Key, �hence acroas Li��le Paas by a br:Ldge approxima�ely 2378 �eet �.n J.eng�ri �o �he sou�hernmoat po�.n� of C�earwaier Beach, �hence nor�h and wes� O.Z6 mi�ea �o a conneet�.on w�th C}ulf Ya�yv Hnulevard, South �.n C�.�axwater Beach, rlorida, a� an ea�ima�ed cos� of One M�.�.x�.on F�.ve Hundred Thousand Do�.�.ars ($�.,�OO,QO�}, and o'�her ,purpose� necessary, appur�enan� or �nc�.den�al �here�o, subs�antial.�.y �.n accordance with p].ans and spea�.�i-- ca��.ons �herefor here�o�'ore prepaxed by J. E. Greiner CompanY, �nc., Consul�3.ng Engineer�, oi' �am,pa, F�.ar3da. Such cost sha�.�. be deemed �n inciude �he cast of construc��.on and acqu�.sition of the Causeway and Bridge Projec�, including �he acquisi�ion af �.and or in�erests �herein and any o�her property, rea]. or persor.al, tan��.b�.e or intang�.ble, neceasary ar convenient there�'or; in�eres� upon the Bands herein authar� �.zed prior �o, during and f'or one year af�er the camp7.e�ion and p�,ac- i,ng in opera�ion of the bridge across Little Pass cons�i�u�ing a par� of sa�.d CQUSeway and Bridge Pxojec�; en�3ne�r�.ng and lega]. exp�nses, expenses for f�nancial or ��.scal serv3.ces, �he cos� af plans, spec3.�i� ca�i.ons and surveys; the cas� of est�.mates o�' cona�ruction cos�s and of revenues and oth�r expenses necessary or �.nc�.den�a]..to detexmining �he feasib�.].ity or pract�.cab�.�.�.�y of �h� cons�ruc��.on and acqu���.'�ion and the financin� authorized hereby, and such o�her expen�es as may be necessary, conven�.en� or 3nciden�al �o �he :�inancing authorf�ed hereby, �he constx�uc�3on and acqtt�.sit�.on a� said Caus�way and Bridge �rojec� and the p�.acin� af' sa�.d Causeway a,nd Bridge Prajec� in o,pera�ion . Sect:Lon 1.03. ORD�NANCE TO GONSTFTUTE CONTRACT. In con-- aiderat�.on of �he accep�ance of the Bonds author�.zed to be issued hereunder by those who ahall ho1,d �he same from t�.me �o t�.me, �his �. ard3.nance shall be deemed �o be and sha�.l const�.tu�e a con�ract be� tv�een �he C�.'�y of Clearwater and such Bondhol.cie�s, and �he covenan�� and agreemen�s here�.n se� for�h to be per�'oxmed by sa3d C��y shall ��l..:.5�... � : ' �- ;-'� �I'[�:} :.Q 10 .. , ; , :�:: :., � , yi.. � • � ._. � , . � . . , � � . . ��vn°ta°Q'kiih����.1,�-;i�4,, �t�: - - .. ' �. � .:".a a ;+�1�+:• �. , ``+`A.r:, .ai�' ,y(�'e,.vt; : ` i k`, , . y�e': :�i'• {i. >i.�.'�5� � . . �- • ; , �1 . "t. ...�� - . . . I1�T.�+•l'vw .s . -� , a, -4- �.�.ws.e.W..., , , .. . c. �.. -. . . ....e . ^r., � . � �I. � �e . ��� .,:, . . . �fn sriy r'"``,3�' . � i, : .. . ..� .. j . , ! . .. _�. . .� ,. . ... i . 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' l' .. • �i.,` `-°'`°;�`�. � :'i: .. • . .� . , . _ • , . . . � . � _`3,• .) �r•� . � . �� . . . . r' .i. - — ,. . _.. __._..,....,. ____..._».,�_.....,. .... .. ,s:-.,., . . ._.._... _ _..�...W,•...�,,�.,.......�i.,• .j'�'�•,� �','�4�� . �......._.._. ,..J. _., _.._,._,., �...... . . . . ._ ............... , , ... �. . � 1 ����•j/� . � 4 . �' `, � � ' �f • . S � . � 3 . ' . . ���.., � � j . be for. �He equa�, henE�S.�, px'Df;�C�3.�17 and �ecuri�y o� �he legal hold- , �ra o� any and a�.x oi' such Bonda and �hc coupon� a��ached th�re�o, ,; a�.l o� wh�.ch oha�.l be of �qu�.�. rank and vri�houi; pre�'erence, pri.or�.ty or d�.s�inc�•lon of any of �he Bands flr coupona ovear any o�hex �hereo�' exc�p� as expre��J.y prov�.ded f:here�.n �end her��.n. j 5ectian Z,Q�, D�� xN�T�ON5 . The �'olloti•r�ng terms sha�,�. have � �he fo3.�.oc�r�.n� mean�.ngs �.n �:h:is ard�.nance un].�as �h� �ex� o�herVt�.s� expressly requ:Lree: �a) "C�.�y�' sha�.�. mean �h� C�.�y a�' Cleaxwa�er, in �he Coun�y o� Pinel�.a�, State of Flor�.da,. (b ) �'Act" �ha�.�. mean Chapter 3.59, Florida S�a�ute�, and � other appl3.cable prov�:��.ons of la�vr. 1 (c} "Band�" shaZl mean �he �3.,�00,000 Br�.d�e R�venue Ilands, ari�,�na�.�,y au�hor3.z8d '�o be issued pursu�.n'� to �hJ.s ord3.nance, �o�e�her w3.�h. any par�. passu add:i��.onal bonds hereai"�er �.s�ued pursuan� �o sub-- seo�lon 3.Q� (L) hereo�', and �he �.n�eres� caupons attached '�o sa�.d Bonds . � {d} "Haldcr o� Bonds" or "Bandho3.der'°, or any simi�.ar �er�, shail, mean any person who sha3.3. be i;he bearer or oi•rner af any ou�- s�and�.n� Bond or Eonds r���.stered �o bearer or nat reg�.s�ered, or �h� reg�.s�ered ovmer o� any au�stand�ng �nnd or I3onds wh3.eh sha�l at the t3.me be re��.s�ered o�her �han �o beaxer, or of any coupans represen�- �.n� �.n�eres� accrued �r �o accrue on said Bonds. �e} "Causeway and aridge Px�ojec�" or 'tPro,jec'�" shal�. mean the Causevray and �3r3,d�� P��o,�ec'� construc�ed and acqu�.red pursuan'� '�o �h�.s ord�.nanee, and al�. par'�s �hereaf . (�') "Br3d�e" sha�.�, mean �he brid�e across L�.���.� Pass, between �he sou�hernmos� po3.n� af C].earti�ra'�er Bcach and Sand Key �.n Pine�las Coun�y, Flor�.cla, consti�u'�in� a pax�� o�' the C�useYray and Sr�d�e Pro��c� . (�� "Revenue�" ar "�ras� r�yenues" aha�.�. mean a�.�. 'uo7.].s, oharges.or o�her 3ncome from any �apurces rece3ved by �he Ci�y or ;. � . - � : � ' �,� y`: :��rd,�. ��ID;. ��,, �_ '.. ., . �� ,� ,. � :, `5 �.f: �{7� ,�. .{ � S . • ��r� ,i' :'3 . ���..' , " 7: . ' < ' e.W�r� .a►' �.����ji`s,�r;}°Ytr%��'«;�:"J...:l.l, e�i,,�i . . � ,^ �N�� . �., , . , � „�,��'�,''��f",i{�;"`�.�fv _•IS��1'. . o.. • M1�:. „' ;e . �'„". ��''� 5` .`� .. 3� � ; , ,. ``,� �,�! : S'`�; y ' 7';`�fr� -;�, r :.f ,1 ' , : : �a t . L �� � . ' ., ' :� ' . � .1 . ' r �, �� ';t7lrf! 31!* ��. � . . , 1 . : �•.; _ • . ... ' '�iF .'�4•. ,,.. . , � ,, � . �. . .."r: _ . . . .., ... "s�a {:4 �' ~i:f;:�`=. ; - ' . .y� ; ; .`'�'1/I,r.~;`',' 1\'SJV`'...r' � sr;'�1i�?•�� r.�!•ifti..' „.'. �. ',s. .•1.. 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M p.t. ��}��� 11�:�'d }{��; "y ;��!➢!� � Y.1'� • � , -3�, .F �. +a� � : 'G�°,•:•� J' i 'i�"'- J ;,�.,, i�;.,jf ' 4 s.`i•'�s;�`d� ..�.r :�" �li •.��.7_��.,s f'F L�.�i.•$�'r.F. ��4` f!.`}.'a<`7.�w J"��"�' ��. �`�f�,q.F ;� . � , � tj`;`� W,=;'�� :. t.'>,. � 1 a r. �n � e'..i�`t +c �k` k `�`. ar�� �.Xl�r :f.'. 7� A :i, p .ai,:a:•;1': 'yy4'.' %yv, s7 t,;,"b:S'i'��'' ^: �t}`. .{%� r� � Ttr�'• .,Y.� ,F�I AS , s�t'•�'I. �!'' : i•• i"� ; 1. 4 �.�'IE� �, k {��: . 1.. ' �'s , ' p. l' S^;'�.Tr,. f� f.'F '�..,i ^�.;:"�S .f.��."'/r�}.'.'r?:. -,1" . '•3�!�v�, Yt' Y`�+, \.�Y.��'L�Y^t��l:".fi `�S�E.i�ff:`��i��l.�,.F;�':Y :S1':'J. .b ( h �Sr } r ;� a '.: n�: � 3; #.. . s• '� �( ; },,r.. ,�r°; �,." :r.;��. .,�,.,_�Ls:. . f � r �l'r��; $n�;�� ��5� . :'� . :r° E". ':a�n.;#`Y�>{.��i. T'4, i 7:� `3t, 'Ye _ •i. . . ' ,t� .�a� ,4«� ,�'�`��..�4y� Il ri�i: ":i °.Yrt;�.�',Fi `����;y , '`�. . '�;�:�� .tii':" t,.��� ,;�. f.. . . . ' . . . ' , . .. ;� � 5'�i ��`�1 �` ��,��r�i�[�:t�r'� � r�, '."'��'�'`;. „ .. •.. .�; •' . . �''. , .'r'.' , `' '�, :'°�ry:�� �: M�f'.ww�.MSI�w��.�i.wL��r�*.-.rw.kir5rwwt�;r+a..�r._..r+..r.�... a .�.. ' ••• ` ` •• ••i '�1`: �y' VS���`��i ,. . � . .. .....�+�.�.....�. .....'&� �:.G -.. .$)r4�..ir..�ilw:��1.w" � � � . . accruod �o tihe CJ.�;y, Trom the ownersh3.p and operai�,on o� s$�.d Bri,dae, and � a�.2 par'�a t;h�reoi', alx �,� ca�.cu�,a��d it� ,acaordanee w�.th s�und � acaaun'��.ng p��ac��.ce, •� (h} "Operat3n� ExpenA��" shal�, m�an �he ourxen� expense�, paid ar acerued, of opera�:�.on, ma�.ntenanc� and repair oi' �a�,d $r�.d�e and sha11 �.nclttde, vr�.thout ].3m�.�in� �he �eneral�.�y of �he fa�ego�.ng, �.�bor, mater:Ials, ln�urance pr�m�.um�, adr�zin:�s�x�a��.ve �xpens�s re�.a�- �.n� so3.�Zy �o said Br�.dge, and char�eu � or ���� accumul.a�ion of approp-- r�.atie rescrves not annUal�.y recurren� bu� wh3.ch are such as may reason-- a'�ly b� expect�d �o be incux�red in �.ccordance vr:I�i� sound accaun'�3.ng prac�ice. "Opera�L�n� Expens�s" sha3.1 not �nc�,ude any a�lowance for depreciat�.on of said Br:idge ar far �he renepra�, and rep�.acemen� of cap�.tal aasets o#' a��d Bridge . (�.) "N�L- Revenues" sha13. mean "Revenuer� ", a� de�'ir�ed �.n subsection (�) above, af�er deduc��.on '�lleref rom o�' "Op�ra�in� Ex- penses", as def'a.ned in subsec'��,on (h) above. � (,�) "I'iscal Year" shall mean the period eotnmencin� an NovEmber �. and cantinuing to and lnc�.ud�.n� the nex� succeedin� Oc�ob�r 3 �- . � {Ic) k�ord� import�.ng s:Ln�ular number sha.7.1 �nclude the p�.ural number in each case and v�.ce versa, and vrorda impor�ing p��� �ons shall inc7.ude �'irma and corpox�a��.ons . � � ' , , . i' ; ;{ ., . , � . °�}: i�:� :,.f . . . . r: . . . � � � , � . � :.�.; :;;:'. .�.. .; ��, •. . : •:`'•�, , . . ^ . , �, . . , . , ;r;c� i���; : ��,9 i���;;� ': �' � - . � : � � � . : . . . , - , . � . . . �. i ..x� r: , �':ty` �Ji�' i• .' �,� .i`•' ,' �.' . , y' �i. t'� (�t. . . .F� �ir l�t,�. •!�-f . c. � . .. " . , '�, . . � ___._.. 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' • .•' '.. i . �' ' . :•.1" � I'� . ;. �'� , � � '•1,�� �1 , :a..i:._=....`-.:�....:. .w. w� . ....—�.....r�..�......,.,,. ...,..- ...... . ....... . , ........,....«...-- ... .. ... . , .. �.. . � L..i :... .� _.�. �.a. �-...... . .. �,.., a ., e�..+..:j,..aw��,r �.�.....+ . i � i ' ` i `•s � �,s, rt.. !� ' ' . 1 ' � ' a I; '��. � . . �.4. 1s . � � '� • ' • . . = ':A� . ��x�r� r� , flU'i'tiOI��ZATxON, T�RN,S, �X�CUTxQN, R�Ci�STRAT20N nNp xSSU11NC� 0�' DONAS �� SeC��.on 2.n1, AUTI�nRIZAT�ON Of�' �ONDS. SuU,jec� �nrl pur- au�:n� �o �:he �xa�1�:�onB of ihia axd�.nar�ce, Hnnaa Qi' �;hc 03.�y of CZet�rc��a�er �o be lmot�rn �zs� "Br�.c1�e Revenue Sonda" �re hereby au�hor- :��ect �:a be �.��uecl i.t� �he aa�re�a�e princ�.pal am�un� af no� exc�edin� One Mi.�.�.�.an �'�.ve Huradred Thou�and DoJ.�az�s (�1,500,000) for �h� pur- poce o� �'�.nanc�.n�, �he aoai: o�' �he con�truc�ion o�' �i�e Causeway and Sr�.d�,e P�ro�ect a� prav�.ded 3.n Sec��.on ]..�2 (P} a� this o�d�.nance. S�et�.an 2.02. D�SCRrPTiON 0�' �30NDS . The Bonda sha�.Z be dated November �., J.9b0; Mha3.3. be numUered �'rom �. '�o ]., �OQ, bath in- c�.u�:Lve; sha�.l �e 3.n the denam:�na��.an of �Z, 000 each, sha�.1. beax 3.n- teres� a� a rai;e or ra�Ee,� not �o exceed f�.�e per cen�um (5�n) p�r annum, gayab3.e aemi-annuaZly on b�ay Z and Novsmber 3. o� cach year, and sha].1 aIl mature on Novemi�er 1, 2a00. A�.J. o� sa�.d 8or�ds .�ha�.l be sub��c� '�o redemp�3.on, a� �he op��.on af �he C�.ty, 3.n wha�.�, �ram any moneys made ava�.lab�� for such purpoae, a�E any ��.me on and aTter Nov�m'b�r 1, �97Q, at ���e pr�.ce af par and accx�ued in�eres� �o the dat� o�` �edempt�.on plus �he f p1,].aw1n� premiums if redeet�ed 3.n �h� i'o�.low�.n� per�.ads : November 1, �.9'j0, �o Nov�mber �., 197�, a� �� a� the par value Lherefl£. %'rom November 2, 1975, to November �., ].g�30, a� �� o� �he par va�.ue thereo�'. From Nnvember 2, 1g80, i:fl Ntive�b�r 3., �.g6�, a� 3;$ o�' �he par va�.ue �her�af' . 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"� � a'�i'A ' it' P5� .f � • . . � ; . , • . . . .. . . .�. . . ' ° . :.S ; ` ,•a,: ^.r.��*N. .,q l.. ,G' � �� � . �;;.;,.�,��..,�,�, 6'••'��''�: .t.,3i<I`,�,"�fs�:�" ,���': rr��1'' �.i ' r' i �. � ' . . . ' ...,.�...�w.ar+^w+atY"+7F.w'a'ls`:�: ( ` , •� .a � ` s F �; i.��.r+^•ir.w'...���. .vw-.... _.....r�,......._..w. .n.a...r4.�i wr-v.... .1".wrsw. � . �t._._� . .... .. ......._.,.�...._e................ �. �t'' ..M� .�, �F��' t6 c � . � F • . ;f ' . •� � ` �!.�i , • � � • . �.. � ' , �. � .. i . • � ! . f.�5 .� •'�kky���.- .e.:C�y�a� � i � . F . . *'�}.!'i � r �y' ��a'�1 %�Y'�Ni k iT S:w' � . , . 7 s� s�k �%� � ° ��5,}����`_. ; � .•i:ir RA jj•'-�' •f.!M`r•�i. ;�i. Qit,. S � � ' �L�,�,.�,��.�..��;„ ,�,,.�};.;,�:'���.r�- r�r�d �.cnrued 3n�;ez e�� '�o thc da�e ot redemp�ion, ��.u� �he i'o��.ow�,ng ; � �=�.�r�'���i�'t��?•�'Ld�.`�r3:ie;��`;.ai''K_�• .°j�i .. • . . �..`; .;: :t ��:,_}, �'' ..; �:4., prem'iuntin :�F redeemed in i;h� fo�.].oti�t3.n� per:Lotlts: • Tioveniber 1, 1g65, ta Nov�mUcr �., �.974, �.i; �;� o� �:he p�tr va�.ue �hexeoi'. bS�.Y �., �.973., �o November 3., 1975� �� lE� ot the par v�:lue �hereof . May �., 7,97G �:o Navember ]., Z980, a� 3 Q o�' �he par va:Lue L-here o�' . , , P�l�y 1, �.98�., �o Noveniber �., 19$5, aL 2 v ai' �he p�.r �a�.ue �herea�. and �he�eat�:er, bu�: px�.ox �o ma�u�i'�y, a� 3.� o� �he par va3.ue th�re�� . A nntice of any such ��demp�:Lon sha�]. Ue publ�.shed by �he C:�'�y aL- Zeas� ance no� 7.�ss �han �h3r�y (30) day;� pr�.or �o �he xe- demp��.on da�� 3n a nec�rapaper or �lnanciaZ journa�. pub].�shed 3.n �he City o� Nevr York, N�vr Yaxk. Sa�d Bpt;idg sha].� be is�ued �n coupon farm; sha12 b� payab�.e , t+r�.th respec� �o bo�h prZnc3.pa�. and :�n�eres� a� The Ghase Manha�t�an 33anlc, New Y�rk Ci�y, N���r Yoxk, or at the Banic of Clearwa�er, �.n �he Ci�y of C�.eart�ta'�er, P�.ox��.da, a� �h� optiotx of �he holder, 3.n �,ai•rf u�. money o£ �he Un�.ted S�%a�es o�' America, and sha�.�. bear �.nL'�rest from � '�he3x da�e, payab�e �n aacordance i�r:��h and upon �urrend�r vf �he appur- tenan� �.n'�ere�� eoupon� as �h�y severa�.ly ma�ure. Sec�ion 2.03. �XECUT�ON OTt BONDS �1ND COUPONS . Sa�,d Bonds shall be execu�ed �.n the name o� i�he C:L�y by �he Ci�y C�.�xk and C3ty Manager anc7 sha�.1, be count�r�igtxed by �he I�3ayor--Cvt�un�.ss�.oner o� the �3.ty anc�. sha�.i have impressed, �.mpr�n�ed or r�produced �hereon, the corpprate se$1 of the C�.ty or a£acsim�.�.e �hereo�, and �aid Bond� shal�. be approved as �o �orr� and carrectness by �he C�.�3r A��orney. The facs3mi�e signa�ures af said C��y C1�rk, C�.�y Mana�er, Mayor-- Cammipsioner and C�.�y A��orney maf �e 3.t�px3ni�ed or reproduoed on sa�.cl Bonds, pravided �hat either �he Ci�y Cl.erk, C3.�y N,anag�r ar Mayor- Comm�.ssion�:r s2:a�,7. manual].y agp],y h�.s s:i�na�ure on safd Bonds. �n case any one ar more o�' �he of��.cers t,rho sria�.�, have s�.6ned c�r seaZed � � . . . . . . �S . ' . ' . ' 'i .�+O�I�-�1 .�':.1 ��.�.. ' . . . ' . . . .. , .•`R}F^[,_ �> ;f°:',��5,.'{�:a �,t�. . ` � • . , . ' ,I�y ` .�ey �7":. ' n""EfnY/kiFll -�e S �.Ct.,;.E. �� "+,;�,»,.�i",�•;t < �.u.r ' , , . . w{It��",�.�' " l.i�.�`� ' ' �� .•' ' ; . '.jt 4p i• ,.�;r;�"; . . �"`'l6r =^.j .. .. ,. �r �;.�;{5,�-r r� ..�:;.;.,��;�"C,.t�`���. -, . , ,� . ��r�,��5;:,a. �i:;l{iy� ;.��.,, ; :'{�.�`^. ':�''•i .. . . , !;h`3�i.••, `":I\1.j,'%/i14���.^ . ':�'.• :�� • ' � ' �ri1i Y��y�l����' ._�r l'; . :1F' _ . . ' , . � . �eTjC�=,•6�'� i:�"yl r�� _ ' ' ' t .. . �'i, j . 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(,,,,�yr . . � , . � .. : . �� - ...�: � � . , . �ny o� the Band� ahall ce��c �o be auch a��'laer oi' i;he Ci�y before �he Bond� sa �i�ned and �ea3.ed have been aa��a�.1y aald �nd de�.3.vered, auch Band� m�.y nevcr�helestt bc �o�.d and d�3.�.vered a� hcre�.n pro��.ded r3.nd. may be :�asued aa �i' �he per�on caho s:L6ned ar aeal.ed suc11 Bonda r. had no� ceased t;o hald auch oft:ice. Any Bond may be aigned and Qealed an b�ha�.f o� �he Ci�y by r�uch peraon as at; i;he ac�ua�. ��.me o�' the �xecu�ion o� such Dond ,la��.7. ho�.d �h� propex otf�ce J.n �:he C:i�y, alw �hou�h a� �he date ai'• such I3ond� such peraon may not have he�.d such o��'ice ox may noL- have h�en so au�hor�.�ed.� The coupons f�a be a�tacized �o �he i3ond� sha�.�. be authen�:l.- cated w:Lth the i'acs�.mi�,e ��.gna�ur�� af �h� pres�n� or any i'u�uxe C3.'�y� C�.erk, C�.ty' ��ana�rer and Mayor�Comtn�.s��on,�r o� �aid C�.�y and t�e C3.�y may adop� and use for �ha� purpose �he fac��.mi�.e �:��na�ure o� any p�r� son who sha11 h�ve been such Gi�y C].erk or Ci�y' M�.nage�� ox IS�ayor�Comm�.s-- sianer a�; any ��me an or after �he da�E� ai' the Bonds, na�vr:��hs�Land3.n� �ha� he may have c�ased to h� such o��3.c�r a� the tim� when such.�onds sha�.�. be ac�ua�.�.y sold and de�.:L�ered. Sec�ion 2.Q�k, I�T�GO'�IAB�LITY AND l�EG75TRAT�CthF. The Bonds shal�. Ue, and have a�.l �he � qua�.�.'��es and� �.na�.denta of , nega�3.able �.n��rumen�s under the l�V� �erchan� and �he Nego��.able �ns�x�uments Law of �he 5ta�e o�` F].orida, and each succ�s�ive hald��r, �.n, accept�.ng any o� sa�.d Bonds or �he coupon� apper'ta3ning there�o, sha1�. be concl.usive- �.y deemed to have a�reed tha� such Bonds sha�.�. be and h�ve a�.l the quaZ�.��es and 3.nc�.den�s o� ne�ot�.abxe ins�xumen�s under f:he �.at�r me�- ohan� And �h� Ne�o��.ab�e �n��rumer��s LavF o�' �he S"�a�� +of F].or�.da, anci each suoces��.ve ho].der shall �ur�:her �e conc].ua3.v�ay deemed �o have a�reed �ha� said Bond� �hal� be incontes�ab�.e 3.n �he hands o� a bona f:Lde holder fnr value 3n �he mann�r prov�.ded here�na�ter in th�: i'orm o� sa�d.�onds. „ The Bonds may be re�3.s�ered a� the opt�an vf the lio�.der a� ta pxinc�.pa�, an�.y, ar as �o ba�h pr�.nc�.pa�. and �.n�er�s� a� �i�� off �.ce � . �hc�� . �.1 a , �., . �1t�.+�`)�? 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F- I.;,,i;";:?%:+.i: ^{,�`'� ','. �' ."��'�ys.;�„M,Si:�:�.��i �: S:.y9�i �;s '�Y • e; � .i'. J, .y� .r'. •aF.; �.s 3.::;'c ��'. . r`i: .i� j IA.v„ f^ r. i� :ti'v}i. • rF�..A;�. ���#' ���� ������t �� �i� ` ,�``, �;+p�:�y �P.w,:i�::,� A:i 1�. •„ r.:.Fj'. !''� xari�{'1•i'`t:�'�''�;,'•:'���3�);Lh: _ Ts � L.,..�."`, t,>.' �' p in ip _ ot�1y a� not a�fec�, the n go�iab3.l�.�y of the coupons wh�.ch ��� "��-•�� � 4_, �_ .� ��. 's;� ;;;✓'� f`.,. :,1;Y 1' G $�.. �.iil a. B �°�-; ,,� i �:',_ �.rs,f�, y ,�� � '�if� ) ' :: . � iy' . •y �j,e t Y��• f��. W r '.' :..t.s::•.• 'e E� `''--•�s,; ' ':,,,�;^ ':?,5... ss�.fY:.cF1.,�4�,.i`•"'"R'- �'y^;Z .��,,+�; il. �;�. t,�.„ •..�; r .•1..+ i � � =iM1:,ti� a 3�x.;�; " �4 � `aj:.��ri;4�`����ft<':;r{. 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'. r .J,i ,. ;.����:f:��' '�sC�,�� r �� �}; j; ,1 . '{.. :n{ . , ' •;�, . ;�.<'r.is,ii��m.t����%���'�riri�.��Y , ;. ,�, ..;� �e+';s ),T . �:1±`�?'�.µ:ti : � r�l�i�,,:7��!: �,.,��r5.n 5a� ' •• 4-' ,�. �yy+._ �}: . :���.F.��.(.r}: :';�' jyn�,%� S w�,1'� }�( �. :�,? �, �i.' _ • � � ,�a ti : S ��: • . b �; ` . � Y'[� y��«' i'!+`,R1S�;:i,;�:e' '•2i . _;..-�, � : .;;'. �';:� `. �^;��`�t�, `�5,�,7`.�i�~ti:i .� }'.1 ' ,".S. F 1 � � � �� L ��frl�}�' :�•'r(���+li . �`� '=sr. ; r� J. . C;='iql;.�� .`i�' ��' 3" �'t• F •. .�,ti�: '.i'.'.S :,.. ., �,.M1 . F� i L�', , ','. ,��• . , ,: � ; `; ,a• ''��,.�'' ��' � �: ,: ='•,,' :,., ,,; � �:; _::.. _ ..; . ;{`_�t '. .�.�tit'� `^ :.p;" �lf,� � f,• •ir;. �``�,,'.'"��"�ziy �t����f'xic: -'t��r:..'.��. '��:e�5'� :F:, �i.'Kf�L'.%:'.:�i,� �r��ls: .,'�_- In case. ar�y .Hond sha�.l .become _mu�i�.a�ed ar be des�royed, sta�.en or, �.ost� ,�he..Ci;�y_may_in 3�s d�.scre��.on �.s�ue and deliver .a new Ha�d Wi�h aJ.l_ unmatured. ,coupons. . a�tached af �.ike tenor as �he Bond and a��ached coupons �_ ii . any, so, mu�il�ted � destroyed � stolen ar. 3.ast. ! 3.n exchange and .subs�i�ution..for..such. mu�isa�ed Band, upan surrender and cance].Za� tion .of, suah mu�i�.a�ted Bon,d and at�aahed COU�b135 ��.f ar�y, or in Iieu af and su�s��.tution for �he Bond and attached coupons.� i� any.� destroy^ ed � s�o�.en ,ar �.ast, �nd upon the holder furnish3.ng �he . C�.�y p,roa� of his. owriership �hereof and s�tis�'ac�oxy �.ndemn�.ty and comp3.ying with such oth�r reasonab�.e regulatians and cand�.t3.ons as the City may �re-- scxibe and pay_3.ng such expenses as �he C�.�y may. incur. A11. Honds and Treasuxer � cougons so_ surrendered sha�.1. be cancel.�.ed by the C�.�y � and heJ.df for . the acaount af. the Ci�y. T� aray such Bond or coupon sha11 la$ve m at u r e d , a r b e. a b o u t � a, . m� t u r e,�. �. n s t e a d o� i s s u 3. n g a s u b s t 3.� u� e B a n d a r c o u p o n� t h e C�..�y m ay p ay t h e . s a m e� up o n. b e i ng �. n d e m n 3. f i e d a s . a f o r e- s$id�..and if such Bond or coupan be lost� s�o�.en or destroyed�� without surrendex �herea�. .�� 4rd, q �� .��Tr.: `y S�b;i!`- �:�'_Y: �i�.��i> �:�a ..('.I�r' _?li-•.. C� �1lw,.1f\�,ti. . , �i;:f;�'�v,,5�, . . ' � ' :'{.'� �'�� ' .• 1�•� t ' r � . s . . � '. , � , . ' - , ' s'* -io- . �M ' � i..� N .. . ' ' . k � r�. . . . '� .YL.,......�-..r._.:�..r. ..r,. .�... f"'� c � �f . _.. ..1, u.�.�.tit;� Y' " f �;,q�:. �`i Y3'�r:�;�.�'i� :'�'�? 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'�i�. . . . , � . , ° .,,i�,.` • . � Y �; Any such dup�.�,cc�ti� �ondc� and couponu isoued pur�uan� �o ' ;. : � ' � � � �h�.a sec�ian gh�z��. cona��.�u�e or�.6:Lna�., �.ddit:l.onal. contrac�ual obl�.ga� . � . � � � . f� . ; . � - „ . .. ; ��,ona on the part of �h� C�.�y, vrhether or no� �he 1.os�, a�olen or des- ,„ � .�� s �royed Sond� or oaupons be a'� �ny �3.m� ��una by anyone, and euch : �'': �'�,: �,. � `; dun].ica�e Bonda or eaupon� aha�l UE en��.��.ed �o equa�. and prnportionate f..`�:�:,�_: 'F, �' ;'�:;�_":�'�.,'.', '' t� ;. ,. ::�+' �:.,,; � �cs.;.=��:�`.:;_-�.., : >_� benef�.�a and r3�h�a as to �.�.en and eaurce at�d r�eouri�y for payment ...�'"'�.st >��•� ,:Tk�{ �i�.�'{�. .� �I,' +#.a f'�'Y~ '•, i� .�'�e ... `.��i�-��L���ll.+��JFw,,'�.�.. f sa:Ld Biid e tr�.�h �.�. o B Y� ��" ; i:V from �he revenues o � a f:her onds and caupans '''��'`'" R�?'�~�'' �'- `� `�` �''•�"` • `�''-��.i ° =r �`-�;.�:: .5;;��,rY �. � " ' 7�;' .:Y._�.�i .L,� �YCI`.4�0'� n ' •-'�il a.'�s:`:' ���i''''i��': it. , ;R ._ � "'.�•'r t'r n .. -$�ii �ti � ' ;�C:id�'j v��;I:..rsr"�;3?-�I,F�•��;t,`•;���?T�'y��,°��1� . 'r :�asucd hercunder. "'- °�� ��� - �:�.�r�� �_:..' " '.: - y:' ' ;,�.�� �=',�i:.. �'.F;n�f°,i�'�." �r'+���`S. Y, ,,,. ";�. `"''° r v. i�g`C} �S� � 3' jsx'�rt:��}r%t,; �,�'i„t��[�';�;tr.t�t c•. � '�< Sect�.an 2.00�. I`QRM 0�' BONDS 11ND COUPONS. The tex� of �he � ���`;��:�,��r��� ���,��.c���;��_ �. � �a� � � r"'� : u���e�;�� ���,�} �'.fi�s��„�, .r�a�r' ,s ;�. � Bonde and caupons shall be o�' saba�ant�.a3.�. �h� foliow�.n �;enor, with . ��°;� ��������``���'��_�.- . h.; }, y g �:��,������A°�����'���'��' ,� � � � ������s ��� ;,'�' �' ` + Fr such om3.ssion�, �.nser�3,ons and varia��.ans as may be necessary and � � `�'��. ° , , , �z . .� ,�. �'....J�s � .,� �•'4t���: des�.rab�,e and authori.zed or perm:L���d by �h�.s ordinance , or any sub-- ... : sequent oxd�.nance adopted pr�.or �a �he �.ssuance �hereof : , m ' ' ' . . . ' . ' . - � � • - . ' . . . . . . . . , � . . , � . . , . , . ,. . . . . , , � � . . . � , . . . . . . . . . � .. � � . . . . . � <. . �: ° ' . 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I�few YorI: Ci.�y, i��et� Yorit, or �� the Ean�ti of C1e�rt�rater y in i:he C:i��;� of C�.earwa�ex � I'3or3.da ? a� �he ap�ion of �he ho�aex. . �his �3ond �.s one o� an au�hori �ed 3.ssu� o� Bonds o�' Z�.ise date, �enor and e��'ea�� e:�c�p�c as �o nurn��r (anc� interesf; ra�e) in the ag�rE�a�e pr3ncina�. ��maun� of nov exceec�3,r�� One I��.l�.ion P�.ve Hundxed Thausan.c� Do��,a�•s i5i,�.��44�400} issued pursuani; �� and 3.n �t��.�. compZiance ��r�.th �he Consti�u��.on an.d ��a�utes o� the 5�:��;� o� ��lor3.da, including Cha��er 1�9, rloxi.da S�atut�s � and �r� ordin,anee du3.y adop-- �ed by �;he C��y Com�ission o� said C�.�y on #:he day a� � �.960� as amender� (hcreinai'ter z�e�'�rrec� i;o as ,"Ordinance" ) s�or i�:� purpose a� �inanc3.ng the cos� o� con�-�xuc��.on and �cc�u�.s�.i:�on o� a Causeway �nd Dr�.dge Pxo jact con�is�3n� o� a�:�.ro-Zane caus�+ti•1a�r be- giru�ng at a�o�.nt ne�r the z�ortl�ern �er�n�.rn�s of G�x1� Boulev�,rd .�Coun�y Road 2�a) in ��1.�.��ix B�ACh� P�ne�.las County� F�.orida! 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A�.�. o� ���.d Bonds �rs sub;ject �� rodcmp�ion, at �;he o��ion o#' �he Ci�y, i.n iaho�.e, �xom any money , made �v�3.��1��.e �ar ;uch pu�.�� pose, ��: �ny t��.me on �nd aftex� I�to�cm�ex ]., ].g f 0, a� �;he pr�.ce a� p��.• anc� acc.rued intere�i� �o �iie dn�e o� reciempt�.an p3.us �he �o�.�otaing prem�.ums i� rec�eemed :in �he i'a].1.otrin� periods: Novamber i i�7o �o iJovember ]. ��.g'�5, at � � o� the p�r v�1.ue �l�ereo�', ' � rram November 2� 1;�'7� ��o l�ovemb�r 1� �.q80! at 4`� a� �ho uar vaZu� thoreo_. � From November 2, 3.9$0� �;o �Tovember 1.� 1.98�, a'� 3 0 oi �he pa.r va�.ue the�reof . ��om Navemb�r 2� 3.98� � to T�rovember 1. � 1.990 � a � 2� ay ���e par valu� thereoi . ' 11nc� �:here�{'i:e�.�, bui: pr3.or �o IAa�iLr�.�yy �� 1; o� �:he �ar va�ue .thereo�. A1.1. of saic7 �anc�s a3,�e �ur�:her :,ub�ec� to r�demn�ion� �� the o���.on of �hc C�.iy, �.n part; y an November �? �-9G5 � ox� on any �.n�;ere��: pz�yn�en'� c�a �e �hea•e�i�er � by �.o�= i'rom r�oneys �.n the }3and � F�eclemp�ion Accaun� cre��:ed by �:h� Ordinance �. avai�able ��r such pu.r- pose, a� �he ��r�.ce c�' r�ar �nd accrueci in�Lcrest �a �he dai;e oi' redemp� �ion� plus �he �'o�.lo:�xng preMa.um� if red�emec� in �lie �o1Zp��rin� periods: Idavem�ex� �.? �.9G�� �:o November �., y9�o, a�: 5 � o� �he nar v�1ue tlzea.�eo� . i=iGy 1� 197� � i:o I�Tovember �. � 1975 ?�t L•;� a�' thc par v�1ue' i;hereo�'.� liay �.z �.9�C�, ta i�avenl3e.�• �., 3-9�a, �� 3 � o�: �he p�r va� ue �:her�o� . � i•ia;� 1? Z9$3. � ta IJovemb�x �. � 19�5, a � 2;� o�' the P�.r va7.ue �hereo� . � r�ncl i:herea_ ��r � but prioz� �o matu� ity� a� �.;� of the . pax� va].ue -�he��eo�'. 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The pri.ncip��. at and �nt,c�xes� on �hi.� 13onci r�x�� �3.�. at;hpx . ��na , o� �hQ 3.s�ua o� wh�.cix ;�� �;; u pax� �re puyaE�l.e �,o].ely �rom �nd secu��ad by a�.�.r�� �.�.�n on ancl p].ed�e o� �:ha net r�venue� ctnx�.vcd �'rom the opei•���.oi� of' ��lia br�.c��c �cro�s L�i v�LZ� P�s�s cons'L'ii:ut;�.ng a pari; af �;he Pro�ec�, �.n i;fie manner p,rov�.ded �n th� 4xd�.n�nce auLhar� �.z�.ng �ha i��uance o�' �L�ii.� �ond and ��.1 o�her �3onds o�' tl�e issue o� Z�rhich i�; is a p�r�; . � 1.'���.� Sonrl cloc� nnt canstiuu�e an izxdebt�c�,n�ss ai' �Lhe C�.ty of CZQarti�ra�er vrith�.n �he mean�n; v� any consi:�.�:utiona3., sta'Lu�ory ar � cha�tex prov�,a�.on ox� 1im�.taf;ion, �nd ii: is e�bxe ,s1.f a�reed Uy �he hoZd�r o�' �:li�.s Eond �ha�: such IzoZcier : �iai1 never have f:hc r�.ght �a � requix�e ar cam�e� �he e::erc�.�c oi' tlae. �a:cin� noi�tex o� sa�.d Ci�y for �he payment o�' �hc princip�I of and� �.n�eres� on �his �3ond or the mr��ting af any ��,n1�3.ng �und � re�erve or ather p���ments provided �or in thc 4rd.in�nce at��horiz3 n� Lhis issue a� ]3onds. �'� �s ftu��her a�rEed beL�t�en the C�.ty o� C].eari�rater anc� �he ho�.c�e?� ax i;h�.s �3oFa.c� �ha� i:his Fionc� and �;he ob�.�,aat�.an evider�cec� �;h��eby �1���.� no'� he or const�.�uue a char�,e � 3.�.en or CI1CC�i1�.1��ance � 1.e�a�. o� ec�L�i����3.� i unon � sa3d F�xn jec� s or �ny par� �hexea� � Qr on any o�hcr praper �;�r ai ar in �he C�.'�y of CJ.eari�rai:er, bu�: s�xa?�. con�ui�u�� � J.ien onl.y on �h� n�� revenues derived �ror.� i:h� opera�:�an a�' said Uridge �cios, L�i:�].e Pas�� consi;i�ut�.n� a pax�; o�' �;l�e �ra�ec�� �.n �;h� m�nrzer �arovic7ed �.n sa�.d Qrdinance. � . mhe Ci�;� �n su�.d Oz�dinanc� t�.as cov�nan�ed and a;reed id��fi . �h� ho3.dexs oi' i�he Bonds oi' �:nis �.sszte to estabi�sh� r�a�.n�:ain anc� ' co].�.�ct sttch �o�.ls ox o�laer cr�ar�;es f'or the �.tso a� �aid bx�c�ge across � L�.i�le Pass, cons��.tu�;i,ri� � p�r� a� �he Pro�oc�, and all� p�x�s �hereof � .� and �o revi�e �i�e . same i'x•on� �;imc to �Lime lahene�rer necess�xy, as �a�.�.1. : ., a�.i��ays �prov�c�o. a.�evenues. su�'�`�.c�.en� �o pay, �and ou� o� s�3ci revenueu . 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'.�G.4a.' °9'."# Lq""t; T.:";� r.f.� �'r"' if .? . � . , , '.�•,^ �Y,- r (" , w:° ,;' ;�' ,. . . . . , �,= ,: ��..�. ,��':,.: ,:4 . .. , ,1 �i- •k.`• . i.�:� '. f � . . i 1 � ..4 .. ,�Y' .'S' . . . . . , i , �'t-. ..C."'� t'�� . {�L � .E' ff.!..(`4. I'�.. .���•: . . . . 4i. .�rx`��'.S_�q. '?�' . A;� ,�A� '�. „�;, .. . � � , � � �� . . , ..�1i.. , �,�:l:_'t.,.,£,', '..i'. '.e,: . . . . . . �il� . ��Ir . P�' . �`y, '.0 � '�4 . . . � • •�t ' :! ♦ q1.�• e �^r144,' � . ' � . I!5 ' . � . .} � ' _ .1 ''� i Ii��` . �S"I .?� .9�: i`r . F, . . . ,. . . . .. . . . �j� .i—•`'.7.' J 1. �i:v� ,t�� � . . . i. . ' ' � '� . � : � ' � . .�; . , � , F . •S . �i . ..«... . �. . V . �. . . .. . . .:\ . _ »rw.,, .... ,. . ., .. ... t'. � .s .�. . ._ .. . . . . .. _. .. vrv+aal"I:_:.'ar.l!1:_ �. �,... . 4:.r...�... _. ;..,...« ..... + . .... � .,J. ., � . e ; ; . • � � 1 • . . AR�rxcz� xz� REVENUES AIVD APPL�CATrON THEREOF S�':c��on 3.01. BONDS N0� TO BE xNDFBTEDNESS OF THE CITY. N�ither the Bonde nor coupons sha�.l b� ar con��G�.�ut� an �,ndeb�edneas of the C�.ty of Clearwater but sha1.1 b� payable �olely from the ne� revenuee af �he Bridge aa h�rein provided. No hold�x� ar haJ.ders o�'� any $onds is�ued hereunder, or o�' any aoupon apper�ain�.ng ichexe�o, ahall ever have the right �o aampel �he exercise af �he ad �a�.orer� �axing power of the City or �axa�ian in any faxm vf any rea1. pxoper�y �here�.n, to pay sa�.d Bands or �he intereat �hex�eon, or to eni'orce pay- ment of auch pr�.ncipal and in�eres� from any o�her �und� excep� the net revenues o�' said Bridge as provided herein. Sec��.an 3.02. HONDS SECURED BY PLED(�E OF NET REVENUES . The p�.ymen� of �he deb� serv3ce af a�.�. of the $onda �.ssued hereunder �hal� be s�cured f orthw�.th equal3.y and ra�ably by a firs� Zien on and.pledge af �he n�t �evenues derived fram the ownersh�.p and opexa� �ion of the Br�.dge. The net revenues derived �ram the ownership and opera�ion of the Sridge, �.n an amoun� sui'f�.c�.ent �o pay i�he princ�.pa1 of and intere�t on the Bonds here�.n�authorized, and �o mak� the pay-- men��s i,nto �he reserve and s�.nking funds and a�.�. o�h�x pay�ents pro- v�.ded for �.n th�.s oard�.nance, are hereby irrevocabJ.y pZedged �o the paymen'� o� �he pr�.nci.pal o�' and in�eres� on the Bonds herein authori.zed as th� same mature and become due. Seat�.on 3.03. APPLICATION OF BOND PROCEEDS. The proceeds, �.nc�.uding acarued interes� and prem3.um, i� any, recei.ved from the sa1.e of any or aii ot �he Sonds shaZ�, be app�.�.ed by the City, s�.m- uXtan�ous�y w�.�h the deZ�.very oP any ar a11, of the Bonds �o �he purchas�r �hereof, ae �o��.ows ; (A) The accrued interes�, �.f any, rece�.ved• from �h� sale of th� Bonds eha�l be depos�,ted in the Zn�eres� Accaun� in the Si.nlc�,ng Fund here�.nafter created and pron�.ded for and used only f'pac �he purpo�e : �°�.':: ;: }� ,;�rr��; �=� '._�+.:r�.. t i'. <;i 1,!�etz:�E ra""j`',t-, ��ici.;: {:;' �, .. v=b � � � � =:5,.';,'-::i'. .f,r.'_�:w . �.. , , � ' _ S e — . �yl�.�.�.. ..20.. . . . i . ... .. � rw�y�' w�4�MM'•r...r r . • � jY •� ;� j,_. e'.,� , �'�. . � . . . . r.�'li� <,. •/, . . , �i: � ;�`.i•.• .., " • ;•;'.;•'�•;. , ;:; '�::;- , . �'.:���al:'' :i�'':..�:°K;S`s;f�?�Ks ii,� r. � a vS`SS�P�.�zt�'::i�.:'••'�Fh i4t�SrS�? .t ���""'�'�t=�"�� `-�z�' ' �{ r'� dI"y���'�;�i i `.���."` A-i�`•':� ,� «:F*Si '<ie., '_,t,y � ,. .S` ..5; -�is�i�'�'S �. j j���.'; � •-Yc:'�.d:�;:� 4�fiF... �,Si �`,� _ Y. ; i� e1{�' {' 1' S"� �:f . ��,`r. ,s-l., c r'.��k� �"�; 3F-H^ .,i i'..(1 �i PI. ! fs.ti Fn r�i�"�. ��'�... .:�'�r i�L �{4� ii�, :?'.6�,•iy``•`�F �`rrh„+'"�a i` , �.� . {; 1>i�y�l °�:s �EQ' ' •: i• j i.; ;;�rls,� ';,•a,;�!��,.��Ei�;;;.;,�i.: � .:�;�t� �liF ..c'�4 ��+..ai} )(�{.'rti��' i:i^ :��.`��� -�( ��"�sjrN��y� tL� °" :�; ' y f�Y"�Y�li.Y A`��' `����� '�'''�3, �<��t's :?�:.°�ti�%?�T��V<<��:�r''�x (:. �.; . :.nr �•��l£7 ��t.',,".:Y�l�;;i �;��{;; :.�y(�� i}�.a ..� . 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' , ;, .5. !S' � '•L�:^�i'�.l� ��• i4';'-,�_ ��i_; :� v-'S3,•,,:?�x'i:':J i;''.Y • . ^ :'s-.3�1�.�":JF J�:'.�.r'x' '.i± :x�' ,';�.�' : i�f n�. r��..a.f+YS.i .^.7.;i� . �sry:'' � �7.Y!,�: L'n: '`f[��5, ''1,�� '.':�iC..'`i1 i!'�;��`V.;�'�i4,�, -�i: s� ♦r , _ . ?!, ' ((:"� t:, '�'i�i`�1'�:i-,.�`-` •5:"iiti{,Y"j-p.:'. � '.�,f- ,o.fi-: ��r;,:; .r,` :':^1��':�;;;i '•'i16:%�" ��:�_�'_�- < ::�: :,;°''<;:,.•. ;,;:�,.,��<<•t...:'.,��; : �_; :';:�, ��s•- .-t... . ._. Ry,��3i:4�"� ��.. ��Uii.�S'�M �.t�3.:•'�".�s•M.._ '�:�}'' �i.j't.%' .'v:�f:'' A:E'; '��".1.'. ?. _�« : ��....� '. k'.!`:tTics ��,.k;`r�.". . � i=;�n4� � . , � af pay�.ng in�eres� on �he Bonds ag the �ame become$ due. (B) The remai.nder of �he p��oceeds ahaxl be depoai�ed by �he Ci�y in a Lxus� �und to be imown as �he "Causeway and Bridge Project Cana�ruc�ion Tru�� I'und" (hereinaf�er refex�red �a as "Construc�ion Tru$t Fund"), wh�.ch is hereby crea�ed, �o be he1.d by an �.ncorpoxated bank or true� cnmpany �.n the Ci�y of Clearwa�er, �1or�.da, as Trustee. The C�.ty and eaid Trustee sha�.7. hereafter �nier �.n�o a Con�truc��.an Trust Fund Agreemen� concerning the appl3cation af sa�.d Punds, wh�.ch agareement sha�.7. be ln auch �orm as i.e h�rea�ter d�termined by reso1.uti.on of '�h� C�.ty Commission; prov3.ded, hpwever, that such agreement sha�.�. px�ov�.de, ar�ong a�her th�.ngs, �ha� such proceeda shal�. be used anly �'or �he pur.pose af pay�.ng the cos� o� the cona�ruc��.on and acqu3s��ion o�' the Causeway and Bridge Projec� as �e� �orth �n Sec'��.on 3..02 (F) hereof and �hat no expend3.�ures sha7.�, b� made from said Construct�.on Trust Fund, excep� for engineering and legal expenses, expenses fo� �'�.nancia]. or fiscai serv�.aes, in�erest on the Bands grfor �a, dur�.ng and for one year a�ter the comp�.e��on and p�.acing in op�ra�ion of the Br�.dge and expenses �.n corine�tion with the �.sauance and sale of �he Bonds, unles� auch expendituxe� sha].1, �irst be a.pproved by the Consulting Engineers by means of a certificate f�.�.ed w�.th the Trustee c�r�ifying tha� such w�.thdrawals are pxoper and are for pur.posea au�har3.z�d by �his ord�.nance. If �or any �reason such praceeds, or any par� �thereo�, are no'� necessary for, or are no� appZied to such purposes, then euch un� applied proceeds sha1.3. be depos�.�ed by �he C�.�y �.n the R�serve Account 3.n �he S�nk�.ng Fund herEinaf�er es�ab�.3shed, and sha�.�. be used only as �,;;� prov3.de$ �here�.n fox sa�.d R�aerve Account. A�.l such proceeds aha�.1� be and con�t�.�u�e a�ru�t fund £or sueh purpoaes and there is hereby i�f, _, created a lien upon such aaoneys, un��.3. so applied, in f�var of �he holders o� ihe Bonds 3.ssued pursuant to �his ord�,nance. Such proceeds may, pe�d�.ng their use for �he .purpoaes provided i.n t hia ord�.t�ance, be temporaril.y �nvested in direc� obl�.gat�.ons of �he IInited S'�ates o� America ma�ur�.ng no� �.at�r �ha.n �he date r�n which auch moneys wi�l b� , ,, : Drcl;. � q lfa: . , z:.'.'i.. ; .. '�'".; ,n. t ., . �"!. rt:. :� --• i. . � � .. .,�.t�+ � , � . .' : . .�,.F 1 . . • . , . :n. , � . 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S�ation 3.0�, COVENANT� 0� THE C�TY. 30 lar�g as any o,� the 8onda, or �.ntere�� therean, ah�l�. rem�in outaL•andi.ng and unpa�.d, or unt�.�. there sha�.l have been ae� apar� in the Sinking Fu�nd, �.nclud�.ng �he Re�erve Accoun� �here�.n, hereinaT�er e��abl�.shed, a sum auf�'ic�.�n� �o pay, 'a� mabur�.�y, or redeem prior �o maturi�y, the ent�re .pr�.nc�.pa1 a�' the Bands �h�n rema�.ning unpaid, together w�th �.n�eres� acerued and �o accrue �hereon, �he Ci�y covenants wi�h the holders of any and a�.l of� ths Bvnds iasued pursuant �o �his ard�nance as fo�.low�: (A) RATES : Tha� the City wi�.l fix, ex�ab�.3.sh, ma�,nta�.n and collec� such �o�.�.a ar�d other charges �or `che use o� the Br�.dge and i�� facil.i�iea and revi.se the same fram time �o ��.me whene�er necessary, ae wi].1 always provide revenue� suff�.cien� to pay, �.n �he manner speci�'ied in �his Sec�ion 3.0�, and ou� q� said revenues sha�.1 pay, as the �ame ahal�. become due, �he pr�.nclpa]. of and interes� on �he Bonds and a�.l reserve and sinking fund paymen�s ,prov�ded for �.n this ardinance �.n add�t�.on �o pay�.ng �he necessary ex.penses of opera�Ling and rn�intain�.ng �he Br�.dge as the aa�ne shall become due, and,a�l o�hex payments provided for in �h�.s oxd�.nance, and that such �o�.ls and other ahaxges shal]. not be reduced so as �a be �.nsufficien�: �o .pro�ride a.dequate revei�ue� for such purpase�. The initial schedul� of xatcs of to�.ls and other cha�rges for the use of �he Bridge and �.�s �ac�.11�ies sha�.J. be as fo�.low�: -'�;�{;���4 Vehic].e To3.2 CZass Descr�.ption: `i:;�� � :;:. - :,; :;��: Two�Axle vehicZes - �;«�'�;�y?> Passenger Cars, Pickup -��;�k�y��SY and Panel Trucks, Single ���;'=`;� r Un�� �F-Tire and 6-T�.re ;,��?.��A'1: Trucks, Mo�orcyclee and =:t,�,.:�,{<:,: Mo�orb�.kes . ,, :. D�dt� ��ta �: �... �, .F-,;.V,,Y>, ;�,: r,,�,,,;., : ..�.,,�.;, :�.r., . P.°.i .1'j}� rE. � 4. ,.. ' � . } �'`.'�'C:, ��; .. . . . . . ,. �� , � .�,• � r �hree�Ax�e Vehic�.es - Single Un�.t �.'rucks, Semi- Tra�.3.er Combinations, and Two-Ax�.e Vehic�.es w�.th Single Ax�.e Tra�.lers Four--Ax].e Vehicles � Semi-Trailer Go�nbina�ions and o�her Two�Axle Veh�.clea with Two-AxZe Trailers ., . . . _......�.W,.....��.�w !"Y .S'r '. 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P�d�+8tir�.ari�i, D�.CyCl@a �• :,°�.��� � �Y�� �.5 ,1�1�:�:•��:,:�:s . :�. , ., "� j;. .+'�y k.'1� �1 � ;�e�„�� ; .�,' +�• � . . r ' ' �b ti � �.a:'..=w.,_.,F'.':''. ` . . ', =,�3.'�s;:; ��V:'��,;;R.:Ht,�S�.�;r,t:�;..; ::';;; ;�:. ' ThQ ra�es oT �o�.ls and a�her chaxges for �he Br�.dge and 1�� j , • ��;'�; : .� "•.LC .,w,�;�;y, ', y, �. . :.rea j, l.e�,ly[a..l:.sra�1i.f' , ,".S° . . . . .a'1tI! 4 T���l. 5... '��,1. •:;.;�; ;,;i�;�$'r:�';;;�` faci�.�.��.e� sha�.1 never be reduced a'� any t�.me except under the fo�.Zow�- �• � � 'ir�';T�' e�%�. �r�tiS.l: ;''!'' '� �' . � ' . ' � , ji3if:,yil.�D�"�'l.i:,N��.�. J: { � .,v �"•,,::��u':N':;`•�.�`:� °. ..-, ;., �:;`- .. : �.ng term� and condition� : �f .; .. . . , . : . . . ;=! .A.:�.'f.:aSV�x:?'.'.:;' p . :.� : ts�-y,,���; ��.jtl�n: , ,_g,^�,�•.%fr.� [ . 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' �r �" ; C'i'. :�., 1�, �,�' ';�•' �•L. ;^!%';�'i t•^t[�•`Y�' L1`;jr�.a.. • .•4; 'r��+'E � �` 5 A� � u�.red b �h�s ord�.nance �.ncJ.udi.ng any d e s.s��X �" � �s ' `' {.� ` , � .��: :,,,:,�� ; q Y e�ic�. nc�.es in prior required :,� �:,��,�.�; ;�<�}�,ti. • ,�' < �,� � �'' {r��,,, �i�;.• �`�`�-���`•; •`�,,�., �.r� �� -.;i: i - �;�;I,����ft'�°NifN��:•,t,. •��°:�,:. �. _.,�. ' ` "',i,;.=':•,;... r� ;; 1�` :,;� �'� a men�s '�o �he �ime of such reduc� on r ,;; �.�.,•::�,';;,,i �.<<..;, � P�`�'�^'� �'t;; .�:ti,;��� Y , i �.n auah ra�es of tolls and ��} �'•��.�Y. �. 5-::t.:.�` _� { . . �^;�;,�;�� ;�=r,,: ;,..a ,�y�;. ' ,. :'�. '�` � �.�,,��;�`�:,�� �:�",�; t; ;."�,: :�..:. ��1�.��,�;'�: � � - :��, �{t:: , y��.. y; ��,.7 3 ��Y��;l.:ia''�','':•rrayry', � r :,;.:- ' :�;=':1�'; _�.- � ��" o�her charges. ,�� c� xp�.,.�„ �.t,. '.i.,'`v`�•rei;': �)`L.�.iy.'..}.a��.V •'' �•3��'. ! �ra' �v, l. 4F`�Ijs•~-'•`Y� �..'• °�7 �l-, ��� �.;yj'� .�w��rik..�` •e. i.;::.:, 4 � P�,S�y,;���X: • ���f �ziRi � e' . i;�l�i� .! . . �A �.;'..'s.�: Y� } �r��r n ,F 1 y "Y :':e'. i'. .:.,^4.'�'i} ��,; / � _a �.,1 �k i' w� �`�•C`:�`�''r�y�,•1:: �� � .���';g ��. :''.��: b �.he City �ha�.2 not �hen be �.n defauZt under an af �he ��`��•.. : � ��'a:� �,• 1 ; ^,�� �r.�'�•1.�`,' .5,,.�r; 4 ' �.� ' ti �'::, ,. �- y-; , i r '"" �.�':4:}.:•. ; �,!� r� :a -i. .�`;4��,�: ,'". l / y `'1- f.'.�;:;; ` ' �'-rf �' k�`'. : � �i. .« , ,� ''.�,;�1°• � Gc S' f , 1'• ..',�!"'i:, •>..'.,'� -'t':�;': - ���V;,�t; �,1{•�"�,„ 3=a,.•.!��,�'y'{:••C'�a�r.,,, . . . '. �- .�. ,,�', , ,,,.,. y , '� ,�� i , t� F 1 y5 ��.tiiti-: �-a t ' (a.�. �t � �, ,r;�:::,:.��:;,;: -�xs;: ��r_�::.�� covenan�e aar agreements con�a�.n�d in �hi.e ord�.nance . ��;ti�,r�: �� ;;�.�<<wF�:;,;a;"/•y:�zT;�,� ���.";� 'yr�..�'isZ;r:�f:.� �'�� ' .�,�7�. '• t..h..i��t�r;`.fT`;`^..�3a.y�:nt:ir'' j� �s ; • a�. f:. �' ��'t'i'�'1�.�...: ,g: , r ts.� 1, br.�:;,:7'���^. i i� � ,,L . ���„ + 4.3 ;YrY. � , ��� ., ;�,?f1� ��:.�1�,. f �. �.�;�..�•'���i+i�,x i�,;,� i :� s r�� , i ::� .� : :" ;�;:. < ' y, r, � .� ��.,. y:,.a�,r{ k. t �' ��� �;-��� .,y': �"''`b'k °;�;;�:�`�, ' '�:: t'i`li'.lr., �,,ty.,;�.t ``C,'k S�fi•,V�.F. �' .'i.��'i . ' S' s �. ' '; r` { C O t �`' 4:• :-.r �. {�; zi��` �'� , :.x, .i`�: i +'-�,: 'v �..,' v � ; i. �;.-� . :;;'`"� { } There �.s �hen on dep sit in �he Reserve Accoun� �.n the ,Y ` �- ,ic��,;.� ��}����:-� -f� i '�'ti'')n;� s"•?•:;�C.,4:t4 �+�.' v;.. :s�',t���;'s '� ` a 7"„A �� �.�'� � . �i : G;7 . ' . . .�. , - a�, 3tr ,,, �.,� Y.+f'''. �' .S. {S :S , �Vr j�'.'� .. r ' � r. pt.,�'rr :,i':.fi �`1 ��a�. ��:4-y"�< _�<.��f7i�_:i��h�,�i{%�� ^,�e'�i�.�t�` YP'.,;r" !fi�'M:�k�:ry•�`���"• �'.e.': �`F^y'�X i'�x 'k�`r � ;�?L v_�:+�` 1 .1Jy1P„� ,; Sink�.ng Fund, here�.nafter areated, the sum of One Hundred Fii'ty �housand y� �� y...�;q ,�'=�w;x�•�:�`>r,�.�L��.;��•:: , ' � '•�y.� •,'4v . ��'•. �:�:a a�... ,�. � l�E..l�r, }y,,..�1.�±a.�Y:.,� tY. F':�' P 5 Y�•�.• :'':s�:.;1C��:-�. �t. iie' . �� �:.. "i �..••t":. )� 1•j'n. r'},.=�1.. ��Jr�.� . �. ��,� ;1•_f �[���� r„"'�y:";i3'+�i?�^!i� �Y'��4�F �. �{:���� r �'. N� � � ;�•r�rT.>il.. 'yt,'�:'�r�,')�.��ln; �' l�'���=Y' F3;ti�y �z`r� + 1,..`N�.� ��;t, � ''r;, �`,,'r,��tr, � ;��:,�t= 'Yrli.'.:: �Dl�.AZ'8 � $I'"j0 000 } . ����;: •v ��f'• • �..� k `,�r �'�„ :,1• " ' , ��.. � � i �;''\. 3..: �.. y � �Y.i���;.��t� `:���' �:.j,, '«' : `- ':['� ..�.�ti�.F;;��.i � %r'-•;�� .c"i������ ' r i f i . � " ��t:,a,,:=:'� -? ir �ir%. { � a••� '.'�� ��f: ti:3�tti � '��i'. ..r, ra... €,`'��'.'u�- { %��: 'jt. .�i %' - .'S;'.i 4:S�Y:s""• �'' �; �"'�:f• � ;:��:``�•'������-y'V :�ii � �•� ��`J' d The Cansul'�i En ineers sha].3. cext�.f tha� �he ne'� - �.`"� , ���.�it�-;,�;,.a����;wr,�4 , ,�. : �:r�� • � � ,' � � ) � B Y ::._�;,:;::;': ,��;'�: : � :. : : . :' � � f. t.�:•�'" + • �,-,'� � ;;' •. . ,� i•{ 1. Vt.3; ,, t�..'t:,:,:.. �� � ', �.' . � , �� . . .t� t'{',::'f�"�:�-� ,s-��Vs : ; r:' ,,:; ��:�,: •.`, . ;_-•':'���.: � . > ��: �?�:.-',�T :,,�t:�r.,�2�H...���_ ..� , �'����.t:;�;:t .. :.,_ ., ., �;L'�,:��• . 't�$1''si.�i�.s i..ly.l: }�L.``t1±'a-;.�' :.Yii�4;{•�: �Z�F'� '� ��'33�.'.�Ir��pr � , �"` ; 3���: °� � :.. � ' : � i ,'. _4 _�i °r: ,f�y� � :;.r.� ,�' . e,t;ty'.''�.kst�i ' �':y�y�' "�:f���'' ;.�? , �' , ;SP.��..' _j.. ��i.. .;�=���„'iR'S ' .%:1{�,_� r.,�'.}`:.i��: '��'��i�.'�''�.�rt.'r.; Ye-.,v;., ; ..'.;. 'i' , .�i..�:� `�� "�'s�"'? ��'f'- .:''� !?r:�:'� �°�s^,�fi�'_K�y.,' . :.�'_•�i �"%' :!"o,Y,.i ',�,: . . � .r�'`.r7�=,`�y;_''rf`�t��o .°j;: ..�',��;�i.'} Vey �:{ r't r•f•=� ;�TS�: ;_��' C;�"r'H'.'; �•�;��,:�k.:i;..tt;.r;-1 �"''y"ta"fn'�;�.`r-•'':'a?��,., �f ~ ,,i ; �;t.i`�'r: �tt�kr�:'�';�' - �-�.. .. ' i:fi . �:i;�, i�{�,.,� r.. . . � . . . revenues ta be d�rived in �he then curr�nt and 1.ta each succeed�.ng yeax, af�er g3.v�.ng effect to such r�duced rate� of tQ�.�.s and o�her chargea, w�.�.� be greater �han the ne� revenues der�.ved �'rom �he Hr�.dge �.n �he year �.mmed�.ateZy preoed�.ng the da�e af auch redi.tct�.on in such to�.l.s and o�her char�es, and wi�.l be suf�'�.c3.en� �.n each fu�ure y�ar to produce ne� revenues equa�. �o one hundred fif�y per cen�um (150�) of ti�e average annual. amount of Amort�.za�3.on zns�aZ].men�s and �.nterest wh�.eh w3.�.� ma�ure thereaf�er on a�.l Bonds �.ssued hereunde�r, �.nalud�.ng any pari paasu additivnal Bonds, if any. {13} BRrDGE REVENUE FUND. That �he entire �rosa revenues d�rived from the ownerah�.,p and operation o� the Bridge �hali he da- posi�ed da�.�.y in a specia�. fund wi�h �he Bank a� C].earwate�, C�.easwater, F�.�rida, as Trus�ee, wh�.ch fund �.s hereby designated ae 1°Br�.dge Revenue Fund". 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'• , i>> 43'� �+ �7�'f�. .1. s �i�� r. �`�r''`��,,��}�s�a�''������x,�,}r.,,..,..:'o' . dig��nc� trom a].�. o�her i'unds oP the C�,�y �nd ueed only for tihe purpnee� . � � ��� ��T.f:yP c ,`.��1�.7t`,:��.t'r4� .Y�;,y " ` •� �:•'1 � �. �� 5 � �3'`;; t- �I,�� �}� f � . � �ti : � ���. �• '�, i •� ' . ;;.,.;..°°;;:��,';•`�.:�;��1��tlry.i���+. t��'} {x'•� �.n �he manner px+avided �.n nubaQe�i,ar� (C) ot '�hls �aea�ian 3.p4. � .,�, �.::za1r,,�'3��se�'�`:tt� s;��-:;,:�R��'��.` � r � �•, :'• �'.$" 4 .�i�j�., et'�f,�� �`�$'�F�'>�r;�;'��'�`•`�'�'g��`'�"s�:•'" {C} DxSPD3xTxQN 0� F�VE � hat aZ re a im � �'�"�,;44f�i'��,��,�'��..f:,�;�:.`��; ;:>,,,,� :.�� NU�S. T Z veriue� a� ny � e . = .x �- ,�. ,, `�,� � . '�s ""f' i� ��-� �:: v:��tr�: �;�',.`; t1 `-� . .� .��'�, ��<<� �:,:; ;,�,.j.,:Ffr���`�'' ,°;` remtti.n�.ng on dapoei� �.n �a1d Sr�dge Re��nue ,Pund sha].], be dieposed of f � $`e. '::� ;� `.�;�,�a � :�;: `;,..4; ',; ;;=: � „'. .s�� iy r .,,,,.:,; ':.;. `; `� •:'��•'' � [� on�. in the �o law�.n mar�ne an o .` . t�'r{�,,:�„�.,.:;:���`+j '�;� '+,� Y 1 6 r d rder oS priority: . .. :+"� .'. .'.. .i"J'ti•. ��i•�•��'" . . � � ,r ���%e�ai ;. •:;� �� •' >�:� � .';-;� t, 1 ., : . ' `; ��;�..:¢;,,� �;-::`x;`."`�;;�� ` (�.) Revenueg �halZ first be u d h p y ; ' � . .,k:�;;�,r�:;:t,r� ;:s,,;s�,s,�::a�:�a.•s " �ae i'ox � e a men� o� al�. � � � . , ��- � �:�:�;�:�`:,;s.ts;�,,;:'.: ,'y' . , current O.pera�3ng Expenses I.. , . . . ._. , ;!}r "{•i;`�, ,.� ;.�.:�` �'�,c�';;��.; - . ' .. � . . . .. .. . .... . : . ... . . . . . L �..' ':.T+i '. �li;,i; , t4y::l.e.,'r...-, v :, . � ' � . , ���"�°�'���_;':;��� '�' �'��;�•,•' . t2) Revenues rema�.ning on depo��.t �.n �he Hr3d�e Rev�nue Fund �•,�' � ' � �,�� , }' � �,� ..r'j�����..'q,"s��'t�t kj ''; �:S . . I :.'.+;, � .. - . . �`t: ',i4�i':�°.�";1':!i. 3 �" .�r.- � •�.i1 -.�i-.: , '�� ';,,r�': ��;�:i;,:,.,';ti',�;� ahal� next be used for deposi'� in a :�und �o be known as �he "Sinking �. � �� `� �'> 1;= , � `�..:} ;;�; ,'''c:�i '• .,i• � `.�..` '�'� ' :'-. :-_`. '°r2� °t��i:i�. :.4,3.� ;r,: �a','; ,1 �a�:�:" .i> �i;,����:. ' °} :,5 a_: a"',. ,.i�;; :.;rj••�'.i.<• ;,.�;" °���,w°�_�,��" ���= Fur�d" which is hereb cr�ated and eataia�.f�hed as �olZows: ��;;�u::' �":Z�r.:�,�4���:'�;�5�;,��.=1`.�a;� . r� � : � Y a ':'. . .`y_., r f, ;.L.. ..:t�'yA�;'.5,,��.,�•S5h< �� `.. r� , �• r'e.;'-. ^::". : , e'r;ti.., �i �,1-:' :. '�.' ,� ,?�.:,: �,`:: � , . � .� . � , ��r h� i .� �f �t-'���^ �'i"�: � •'a• � 7 i� ' � �'�{�f:�Y' iC}.), `,SW,i�2• 1�.' ' �:j� . ' �'`_ s � '1� (,: � ��'i'�t,.��. >:"�g'<���n '`�' �, ,�:��`'.x�i t�� �:�' ' ' S�1}3•I�F�.3i�" {:il•�..;:��'.. h • `'r�.r,p�.,,�1� :rJ �. �.-4-�,��<,t�,.4,,wt��:,-: _.^��£.; :�� {a} 7.'here sha�.�. fi.x�s� be deposi�ed in an acoount �.n ����;q;,4•��U::�;e•;::, '•t���;�ti•{- ;.,i:;,;n;�n ; e1'.�s . 'i. . r ��; ;..t:F:�� �r �� , :s;twr:�. �u{.:,, !1,l-; .>;� ���'R.��%:Y(' .+�',' ��` - - ',�,ti�:•i�y:'':,^Y�i��j7_"4 4. rv�.«�'.:'' c"•r;':L � I ' ' , r ' ^ � j,� i' �' A' o, r '"� � � � ;iw �.��� �;44' ..:i",:2�, r�'°-� 11 11 :.l.i}�a,���[;•. Y..*,r�r�?'i.':j�5'.•.,�:..^� xSa �-. M � ; S B F I ere Aceount , �` ��•�. � � , Y , x. � "• i ; , A :1. � , ; F`�:'�°^ 1. c. ¢ ,. �;,��; ��... �aid i.nk3n und �o be known a� �he nt st �, e k�'{'�- �r�.,;r i r. .. � .{� �.. .,p; � .a'i :iP c: Q .n,.. S."'.h i3f.'!:i�,�it,�kl���i .�i?� ;r_: 1 •'t�a � " �C^ _, � J hLi �`�•�• 8'R;a�• K Y�':, 7 >,,'r .�'.i,� ��.� �t a .s•�ia,a�•;�. s•C , } A"�'•-{. 'ti « ci. !Y'- : R'�`: - . �l. $i..�..., ws..�i t1iF �{t;;� z'•'.i ��'jt '�j:�" i '�> .;rt'.;, `'..:'f i •s��� _,4 " " � ���`��:`43°"�''.i .' '.i 1 u. : "'i�i}�: :{��:f^�'����'�'�'1 �L''�'v�t^=ii�ii.wi. ;�,`���,1��, : r:,�: `���` `.� which 3s hereby crea�ed and es�abl.�.shed, on �he f�.fteen�h �;�;;,:�'=Yy� ?•.�.�s;;�•'���=4tf�����.. ' >" . �'.': k.y u:r ��.. ya ..�....^� i`' 4 � �r:. � a'•.,y�,' ' • . �) .' r � ' i `i�,J • �,.T I �.' i, irr �'::� S .' .,ro.1'��;^r.it�: �'�y � �+f��t��'�ii:.'...•,�<r e�T� _ �`�< G^. ti..+$=\S� :�` ;Y�k�,�i?•�ir'C );sii:�",:: ., s._'. •��`�'. �i'�'C ^s��.{i�: ��°�C�>���yr��t��. S �c a S i i 1 �'.� j; f.<<�i .. �;� f:. ��=��_, F.":'r'';`,�~'�� ' ��.5th) day of each month in each fisca]. year, beg�.nn�.ng �'A�'��n,=��';f,����;��a���G:14;ri',/4k;'°=;� 4 ;_t_.� .. _ _, .. _ �°,r'.; {,:,`;� �� I' _.?�;� �' 3 '�� � •�. ��yo ,. . �;p: � :1.. �'S i � � �' s�' i=� '°;r:': � � i • . � ,,. :�. :., p <<. ;'. •. �:;� - '�•�'��"-"� w�.�h the fifteen�h {�.��h) day o� �he ��.rs� fu11 tnonth �:� =:::F::<:i-;• ;sS:�:�it�� �. . ���;::'��Yj�:� following �he date on which a13. or any part of the Br3.dge "�,.�� •i4::} � «`..�.''. , w. ... . • ���::�} �' �z� �.t' �. ,`{. J :�-� �.s completed and p].aced in o,peration, an amount equa3. to one-sixth (1/.&� of �the �,ntere�� wh�.eh �r�.�.l mature and be- com� due on said Bands an the nex� sem�.--annuaJ. 3nteres� `,t�=`f`'-�"°:�e' ;:,�,:'::t„=.;�-"F�;.TM "`.�`; paymen� da�e; provided, hawever, �hat in�eres� on said ; . :7.,,.�y;ri-;. .�r.,,,l1, . "';; • -;:s �:: % #s�.' 'i1 � '� ,r ��'�";.u:i+� r . �;5: � „'.r, i'?:�:,i` ls�F;� i ,��':�::>:;,:: ,;;::�:,s��{':���_.-���r:'' Bands accru�.ng .pr�.or �o and dur�.ng and �nr one year af�er ��_ry ii�1.;!..:1� :,5. :>�.�;.,1•:z--; '�;;t:,°r,; °�� � �tFs"f� S� 't� '`'' �"��' �'.;; �`��i: '=,` •.:f �*�`�=�:` _; the complet�.on and placing in vpera��.on af �he Bridge may '�yyyw•!tt Iii E' . �1�$� _ .fr. b',i. ^s: , nf':":i5�� '.4�:,'.. ., i�}.71i�;... :;�� ':'F3.:.±° .s`i,t. `=t•t."•4;' • `��`'�i'�S s �w �;.�_`:���;!Yfj `�yrjY`�ry44�-}-6X''��� �" ``��' be.rJaid from the Construetion Tru9� Fund �o �he exten� ��SA_�JY' i'�I-'t,�T :�h�y�, +��I.E� � �`_ '', f. i ���_�,��'r[�r�y�r� A.j�STi4.':';`h{` +'i�:�t:.`�'��T���-`. �-:r?,:i,'in�:�it;':.�i.,s'�', ,� -..�?..,,:.�; wn .a*$ '.�. ..��,�.;;,. .,�,. .;.; f���:,�,�t;:�r,� tha� the revenuea deriv�d from i�he Hridge are insufficient ,'i''r'i',. i:µr �5.� � .i _ •;z`;�.� �'1, ;r.. �:rd' ���'`I�`w;,�."dr` ����;� �;: �� .,��,�� �.�k�! �,l:,gr�°.�•. ;�: `� �h�refflr . v.5'' . � / 1��p F..�3i'�f: �3:..�fr•,� :.�' ; �f, (Y'" • �.r . ;,,_.'�.�', �,�2 ; �' .. �fy � :.�": �; �ir.`�'��' •' � :�=.•'A'E,;:;�ri;';'; :�'�';-,�'�� �°f�:- �:� b There shal.�. next be denos�.ted in an accoun� �.n '��,u,�,��'f'.:y,*�,.���;;LF4�;'�`�.������ i�i�'t`�'�`'! �`�",� � � r ;�� a:i t��r�'�p�,'.4t����`;.,.1,.I'Tr;,?; .•,.i': �"��'•? •� ' ���",�y.;�;;:'�x;"'�"�.-���'S;�,'�����,RZ.:'.. sa�.d S�.nki.ng Fund to �e known as the "Reserve Accoun�'�, � which is hereby cxeaiced and es�abl;Lshed, on th� f�.f'�eenth day of each month in each fiaca]. year, beginn�ng with the f�.�'�eenth (15th) day o� �he ��.rs� fu�1 moni�h faJ.�.ow�.ng �he da,�e on whi.ch a1i ar any par'� of the Bridge �.s placed �n � operatlon, an amoun� equal �o one-twe3.fth of twen�y per . • cen�um (1/�.2, of 20�) of Qne Hundred F�.��Y Thaueand Dollar� . . 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Moneys �.n �he Reserve Accoun� sha.11 k�e used onZy �or the puxpase oF the payment of maturing �.nterest on the Bonds �o the exten� �ha� funds in the Intarest Accoun� are �nauf��cien� �herefar and for required Amart�.�ation In��aZlr�en�s to �he ex�eat tha� funda on depos�.t �.n the Bond Redemp��.on Accoun� are inaufficien� th�refor and £or no o�her purpose, exc�p� �hat sa�.d moneys may be in�ested and re�.nvested as provl.ded fax� here�.n, The Ci�y shax,l no� be required to make any further payments inta �he 5�.nk�.ng Fund when the aggrega�e amoun� ai' funds on depos�.t �.n the various accoun�s �.n sa3.d S�.nk�.ng Fund are a� 3.ea�t equal �o �he aggrega�e pr3.nc�.pa1 amount of Bonds �.ssued pursuant ta �h�.s ordir�ance then au�s�andi.ng, plus all �.n'�erea� accrued or ico accrue �an sa�.d otz�s�anding Bonds, or if sa�.d ou�a�and�.ng Bonds shall have been duly ca3.led �or pr�,or redemp�ian and su�i'�.ci�nt funds have been �.rrevocab�,y' placed in trus� fbr a}.1 such outa�anding Sanda. �c) There shall nex� be depos3.�ed 3n an accaunt in sa�.d S�.nk�.ng Fund to be known as �he "Band Redemp�i.on Aceoun�'t, wh3ch �� hereby crea�ed and es�ab�.�.shed, on '�he f�,fteen�h (3,5�h) day of e�ch mon�h in each fisc�l year, beginn�ng w�th �he fiec�a year end�.ng Octob�r 31, ., 19!�6, an amount equax �o an�--�welf�h (1/1.2) of �he annua]. 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Z � . � i . , ' � �+'.' • ' amount ��a�ed be�ow fox auch f�.aaal year �t�cre�.n �om��imes rei'erred �o aa "Amor��.�a�3.on rn��al3�ment !' ) : Fisca�. Year End�.ng Oa�obex� 3is� ig67� �968 19 G9 1970 i9�a. i972 197� Z975 �.9776 �.978 19�0 ].9�a. �.982 a.983 Annu�l Amaunt _�_ ��.�� DOQ �. ,000 �.�, o00 a.g,00a 2�., 000 22,a0a 2�,000 z , ooa 26,aao 27,�00 2t�, Oq0 29,000 3Z,000 32,000 3�,o0a 36,000 3?,�00 3q,000 ri�ca� Year �nd3.ng October 31�� �.98� �.9�5 �987b �.g88 �.9�9 �.9go �9g�. �9g2 �.y9� �-995 �9gb x99� �.999 �ooa Annua�. 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"i'"ti•n..: �F! qi��!"?�4���i,; �= � 7: ti.f � 'fa�o , ;ti-,.�t-�.�';,P �4i�x._�q , �' � ;.'�.:3 `e� !fi3` � �'. e , �' �'.�c � ,t j�� :;.f��`!iY ,,.,�,��'c�;�r..°.: ; �.: �' � �. ;� � ,. .., �"C��=iej�a�?'� � :��:��k�F �y.��� '��;-.. - ha� �been depaai�ed ��here�.n and so long a� �here �hal� rema3n there�.n the aum o�' F�.tty Thauaand Do,llars (�50, aoo y. ?he f urida �.n �a�.d Renew�l. and Rep�aaement T+'uhd sha3�l be u�ed onxy for �he purpoaa ot paying �he coa� or cap�.tia]. �.mprovementa to or �he renewaZ or rep3.aaement o£ Qap�.�a�. a�ae�s oi' said Br�,dge. (�+) If on any payment date �he revenues are in�u�'t'ic�.en� �o px�.ce the requ�.red amount �.n any of the funde ax accounts as k��are- ' �nbe�ore prov�.ded, the dei'�.c�,ency sha�.7. be made up 3.n �he sub�equent paymen�s �.n addi�ion �o �he paymen�s which would otherwise be requ�.red to be made �.n�o such funds and aceounts on �he �ubaequent payment dates. (5) Thereafter, any maneys xema�.n�.ng on depos�.t �.n �he Er�.d�e Revenue Fund on the �wenti�th (20th) day of each month, afte� a13. current payments pursuant �o paragraphs (�.), (2) and (3} oF �h�.s �aubsection hav� been made �.n fu�.� on the preced�.ng �i.f�een�h (�5�h} day af such man�h, sha�.�. be deemad surpl.us funds . 5uch surplus funda ahall, on �he twent�.eth (2��h) day of each mon�h in wh3ch �here is a surplus, be �ransferred by �he C�.'�y �o and depos�.�ed in th� Reserve Accoun� in �he Sinki.ng Fund; .provided, however, �hat When there is on de,posit i.n said Reaer�e Accoun� and go long as th�re sha�.l ar�ma�.n on depas�.t in said Reserve Accoun� a sum equal to �ne Hundred �3.�ty Thousand Do�.�.ars ��a5o,oao}, �he Ci�y shal]., on such �w�n�ie�h (20th) day o�' each man�h, transfex any such aurpZus �o, and depos�.� such �urp�.us �.n, �he Bond Redemp'�ion Accoun� in the Sink�.ng Fu.nd. (D} A�.l specia�. funds se� up and crea�ed by �hia ordinance shall canat�.tute trust �'und� �or the puxpo9ee pr�vided herein for such funda . The RenewaJ, and Replacemen� Fund shall be depos�.'�ed and ma�.n-- ta�.n�d in a bank or �x�u�t company which �.s e�.ig�.b�.e under the sta�e �.aws tio rece�.ve deposi�s af 5�a�e and m�n�.a�.pal funds. The Bridge Re-� venue Fand, the Sinking Fund, �.ncZud�.ng �he �n�eres� Accoun�, Reserve Aceaunt and Bond R�:demptifln Acaoun� �herein, shall be deposi�ed with and he3.� by �he Bank of Cl.earwa�er, C�eaxwa�er, F1�arida, as Truatee, under a truat a.greement in �uch form as ahal� be det�rmi.ned h�rea�`cer by' reso�u��.on of the govern�.ng body of the City. AZ1 of such Funds sha�1 be con�3nuously secured �.n the �a.me, manner as S'�a�e and munia3pal. ��d : � la .f � J. 'J �'� 1 �� . ' .`'�. . 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";, � 'l: _ � . . .:r. . ���:Y�^.:.. � :'".. �.:1 �^ . ^} '� •i'�1'�"�''�i�:` '.'1:',����e�j�+�.)` � : _• ^rr '': . � : :. �,•',r'•, •'�. ;='�•i;� '�:�.f� � ..w _ „.!'{y;a).�Y;r� ° .`aN t" ' �,' "�. r. t r: ' �t: `'�'� �...'�..'t . � ` +' '.2; ', '.:y': ,`+•! j S� .� � ..������ �Ki1��'�'�.{'.`' ,.'1. +'+., :• �' ". , � '�: �: �(, :i." �:'�� ��s: .x; �;f,. • 9s: �'r ;Z �.y� +"'?• 1'�'i`ti," ' S• '� �l:'�� ' t•'J'3i'.5.'.�'.•F�. 1��� �f.�" it"1����(.i�J.. .�,1� r�. :;: �:�,t�y: �,r:: ':?. x�;:'r�.'-',; i'� �� r��-'#` �S} '..!( . -�l �'. �'', . �(^ �. t .r f *k• r r� a;'. e.� H4 Y�'�. i� vA`.�SI.� Y� 1, i1' .. �,,��,-;�i*,�!�.;1a.',•�.G.�:I, ��`.�'�t.,�_�'. 'f�� .:��� �.fis �� r i:Yi`J��,F e'< 1,. _ 4 . ._ • .;`..h �.. :<<ry.: > l.] �'i •' ' ' � \i � �'}�' .+t.. •. ..j ..','•° .:''j (':..i/���..•.. . �y;':`�,'.'';k.'I�,.J�F.:'� ,;;�:�t'.,t�.:' , ��� ~".5?. A'��, :�.' � ._ . .. ..y.�r'':f ., 'i�-.. .., r9�. . .. . . - .,�r 4'�4�'e:�j,;i`. ..'r` 1E;rC;T':�� . �;.:.-x;•,.�:�.,����. ,��,; �,,�,�:� .,.�,..�•:f•,�,. ,�,,, ;.:�; ;5-:;;,. .a.,:;.:�a{��.�,Yy< zz ' , i.t.t� �.� � � ;. i 1 1 .t., �=• -f,t'.�:.• . �.".>:� t3 s ..r,i i� 2' : . �.s":::r: : ,:t i-,� s' • , I . . �,depQe�,�s a�' �'unae are required to be secured by �he 3�ws o� F�or3.da. The moneyB �.n the Br3dge Revenue Fund ehal�. na� be invea��d a� any time. �he maneys �n the Sink�.ng �und (except �thc Regerve Account � there�.rt) may be �.nvested and reinvested onZy �.n direct ob�.�.gations of � the Uni�ed 8ta�es of America raaturing not la�er �han the dates on which �he mon�y� �.n �he accoun�a �here�.n w311 be needed for the pur-- posee oP sa�.d accounts, bu� �.n no event �.a�er �han twelve {�.2j mon�hs a�ter �he �a.�e af purchase �hereof. �he maneys in the Reaerve Account in �he Sinking Fund and in the Renewal and Replacemen� �und ma.y be in- ves�ed and re3nveated only 3n d�.rec� ob�.�.ga�ions of the Un�.ted S�abes of Amer�,ca . E. SALE OF THE BRIDGE. Tha� �he Bridge may bs sold, mor�-- gaged, �.eased or o�herwise disposed of on3,y a� a who�e or eubetantial�.y �s a whale, �nd on�.y i�' �he he� proce�ds �a be rea3.ized shall be fully suffic3ent �a retire all of �he Bonds issued pur$uan� to �hi� ordinance and aIl �.nt�re�t thereon �o their reapect�,ve da�es af maturi�y, or pr�.or redemp'�ion. The p�cocEed� from such sale, mor�gage, ��ase ox ather d�.sposi��.on of �he Br�.dge aha1Z promp��.y b� depos3.ted in �he Hond Redemp��.on Accoun� 3.n �he S�.nking Fun� and used on�y for the �urpase of pay�.ng �he �r3ncipal. of and i.nterest on the Bonda issued pursuanic �o th�.s ard�.nance as the same sha�.1. become due ox� for �he purchaae of Bonda at no� mare �han �he then redempt�.on pr�.oe of such Bonde or, if the Honds be no� then redeemabZe pr3or to maturity, a� not more than �he redemption price of such Honds an the next er��su�.ng redemption da�e or for �he redemp��.on pr�.or to matur�.�y of Bonds �.n �h� manner pravided i.n this ordinance. The for�goin.g pra�ris�.on no�w�.ths�and�.ng, �he C�.'�y shall have and her�by reser��s the righ� �o sel7., �.ease or o�herwl.se d�.spose o� t . any of �he ,pxoperty comprising a par� of the Bx��.dge hereafter de�errn�n�d �.n the manner provided here�n to b� no longer necessary, usetul or prvf�.tab�.e in the opera�ion �hereof . Pr�.or to any euch sale, �.ease ox other d�.sposition of said proper�y, �.f the amount �o he r�ceived '�here- y, '� for is no� �n excess o�' Twen�y-five Thousand Dollars (�25,000), the �:Qrc��� G 1.0. ' �.�. '1.5 .��.-. �i� . - �.. :1��35� ' . :1.,` . . � f � , .f � . . . . � f: .. .. , . .'� � •' �"�1 t Y Y 3" � "4+ � r : � . . � � •- i �� i, ..� . . � o{ (p ,� . .. ,.� . .,�-': : . .. � :," � �� � .. .. _ ., . . ���. .. -�i<�. `}?' � �'z; . ' +i3 1 i'+. •;'r :�; ��t.. :,ii � :t;'-:�°%' . ,i ` i � � `�: • �``�s:F:��..j��j�;:-i';; . . ... k �r''1?'..: �:'. ' ;�»}'Nt,i ` • 't'� �` �Y`'='� � E; S� �;i i : .t ;4� rt y! �; �: .,,: ;� .;�: :v'�'I, �ff ��.�'. 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'^�f �� *,� :. �`, : • ..i . . . • . , , .. . •. .. , ._), � . . :.'�,:`, ik.�t �, �f;F��e f�,� �r� �}..�`?��?.`� '�' `"1�:'�,��'.'s'^ . .� . . � .. „ . , . .. , , , ' , , '. . . '_r',' :v`,rl�•.1"y'�, _ , ,�'�l'��'�,-4-;J."�.: otit� '����, e .. . . . , . .. . . . .. ��i�� .� °�' .3�� ,`t6.aij :: ;l'i ;]��.t '�; , . :�: � ' . ' ' . ' .. • . �.� ' . . � � • . . . . ' � ^ �.i,. �4 , t ,�•�fi:^rrC"��,;1i, ��r'. . ., . � , . �' z �5'� ' S��'�� }L . . � ' . 1 ' ' ' ' . � Y;'�`�f�4« s�4.��-'���...::=�.,..+ ..... ... . ........ �.i. . . r . . . . . . � ' � � - . ... .. . ..., ,. ..�. ... . ...d. ,.. .� . ' ^�.,, ~�I ' � ' �� . ' , ' �~ .. . . , . ' '• . r " �'�ener•al manager or otiher duly au�hor�.xed orfic�r ia charge ar �he HridgQ sha�.l maka a T?�nding in wr�.ting, whieh �hal]. be ��.xed with �he C�.ty Comm�.ssion, determining �hat such proper�y compr3�ing a parb of the �;. Bridge �.s no xongex neceasttry, use�'uZ or profi�able in �he opera��on �hereof, and such pxoc�ed$ �haZl be deposi�ed in �he Renewal a�tid Rew �' placement Fund and us�d only ae provided herein for such fund. If �he � i . amaun� �o be rece�.ved from such sa�.e, �.eaee or ath�r d�.sposf��an of � , , - - �aid pro,per�y compris�.ng a part o�' the Bridge sha�.�. be �.n exceas o� �E •.. �, � . - i ' 'r' , f ,` � . Twenty-five Thousanci Do�.J.ars (�25,000} but no� in excess of One Hun- •. �. ���- �- .�.������ � �... :r y ;`;i _:`+; ';, :., ,y,.. dred Thousand Dollara (��00, 000 } the general manager ar o�her duly ', ;' ';� �'�: �.� �� ��,:;s;,���; �,� ' ••rr �`, �.�.1�•• `S' `il.4�1'J�i+,i�.Fy.r:,'.. 1i �� ' :I :� �� 'f; .I : i'.��;}�., t ?� author�.zed officer in char e of �he Br�d e and �he Consu�.t�. Eng�.neer, ;;i���, .�'''�:�a';�` :;�'.� ';::� � g n$ . °:.",:' ; : 71, ' '�1,�� :; 'i`i, ..-•'?4�.,;r':'r'^" �d . � •,y:i .�• � ':t.:s`.i' �i.f�;'.}�,.:Y;:�.y::,,.���'�t, ' irst ke f'�.ndin in wri��.n wh�.ch ah 11 be fi�ied w�.th �he ��"`°� =' ;�'-� �� °' . aha3.�. f ma a g g, a `.,-�� �'>'.�z'�.�x3° Y:��:�'�r . ' � . ;rv:'„ F� ,.� .Y�y;}' 7r�'i'.,:. i , :rS.''.��3:, i iS:J}` }: .°i's.i1�r. K:l�''' � �J��� :t,.�1��- �'1'.i. i �b '. �;'wCF':,�ai �"'�`� I � C�.ty Commissi.on, determin:Lng �ha� such proper�y comprising a parb of � ��'' ��'�°=�``�''`` °'-�`�' �s�`'`�� ?i� '' .s °:4.,',: �. i} ,c�; �iL.. . , •,�,� . ,,�.,.�,1'-�!: ,.{� ��, k > '. .-�` A. }t S, r: I,i:• ' i �1j,:F�'���<�c�`�`�+-;=�,��`4_�f�,k;Y�'t;ji�",��" i>�: �he Br�dge �.s no ].onger n�cessary, usefu], or proi'i�ab�.e �.n �he opera- ap:: f;';'�,�<�a:..';F;i'�:;:F;�;�`R��"�y`, '� e3�. ..� � ,}i�: i•' L{` ' 'ie:.:Yl' S:/r,7?`T�`^ 'i ',T :1:,f. . i? •ti..'..,�9 �"s ' i. ti° 7�;,;. :'�i , , ,�.. �;�,: �ion '�herea�' an the C s a1.�. � s�. �.on 1. ad r ve ' ��{':���'��':i;s`'��:"tf� ":�'� s �.: i��' 1��1'r , d ity h , y re o u't dt� y opted, app o �;.°"�T;'s"�;:;;A:rK;.,. �,:�' ,���� . ,,Y .,1;, -� ;t• . . :+ � . „..z�;:� , �!�' ;z�g�;.�.;;�.;-`r„��;t��;"J;�`:{� � � � ..i e. ��i��� � g:x;i }�;''r" F.'`�1`" i ::;`� and concur in the ��.nd�,ng oi �he g�nera3. manager or o�her du�y �.u�hor�.zed r���';j�,� �=��'��`u;:�����:.ti;;����;�° }` «:�.ir;• °;�%''•�o��"1�Y�.� .s 4 4'}1',;��':. p l t 'ay, ,�; ILa' `i'j1.r '«�9� ''l�F�i ti, 3�F`;�,'�t' � {'- � >�� `'' of�3cer and such Consu�.��.�"{p� E�{} it�eer and au�hor�.ze such sa�.e �.esse =-�:�'•:�`;�.��;ir�:`,<<:%�:}'��:�:>�,�`��;,'r'fu:'��"�' � '�O •"O ! ! :: �:i'li� .,,eJ�,.c" r';J :t,'. ;:.�.'7„'ii. 1.< - ��,•�• � ,`a.:i �:. .6�'� :�:: { ."'t� �1. _ -i'-"f. �%��..t�^..}a ';i�'. �r` �� c:,`.,r.: ..t � -s.,�':i���fi{':.� � 1 ` c�r o�her d�.spo�t�.on o� sa�.d pxc�perty. The proceeds derived fram any -;�',°T:.'.•Rr«�:;�,�;:;:;�°�;,�;�:',.���:�,,�t�� ,� �'• r,i` -'.S�s,,.�,iF=�:��C1laiifM,�,�s•�lc.,�k.• � '�F� '+S��:ii:;.., �y�,.�;;;2'p, �;�lt'rC�'.. -�� such saZe, Zease or o�her disposi�ion of �aid proper�y, �.n excess af ° =;" �'' ' ^��°'- ;" � `�;' :• '.�,+: • ,� . . _; �:;.�,. `tj�� ' � ?i� .y''fY��;j.•_4t��. :f.' �1�^: ~f,, b't.�: ..i.<7�1i'!�{`",�j�'�t'`�' t w''� . Twen�y-��.�re Thousand Dollars (�25, OOQ � and no� itt excess of Qne Hundred �j��•�' '��,';���;� r;;=�;����� '� 'f:. � • •�� i��ytr�."a�,,:.'�r��� � 'i' . .�i 4.�. •t�, ! r "-��• ::i.'i.� '�,; itL.�`��; ii:,ve?i"Y= : ;� �housand �o�lars {�100,000} sha7.Z prompt�.y be depasited in the Bond ,.;;��� �. '., ���::`f:K _,�.�;:• � 'i',ail•a7s't.it3.l� :�=:-;.r:j!""S.. >�.:��: i . ,kj:%,'2�4':� �i.. it'��;�.'' � � '' `t� �l� !. "�-''s''y:; �'`: Redemp��on Accoun'� in �he S�nking Fund and used on�.y Por the puxchase ' �,t"� '� ;� r�:. �:s•; '��.. �5,;•.:j't -�;��, ` �'li,rY;4'+S,�,l' ' of Bonds a� not more �han �he then redempt�.on pr�.ce of such Bonds ar, ;�;��.;;�f.���,� .Y= �: �`;;:�,; `=�'�.°,�•; i/f� �ay.. ����H.- ...Yl���.i�'�, r...:.:� . ,- ..'t..�7i 3 :'a•;'h�. ;5'.e"V:4�.�.,';: �•'.�:� :�.���: ^'�.r'.3 : �. �����iiti"r!�R,� I ; qf i 7 ' �`?r.� �.f Bond� be not �hen redeemable prior �o ma�ur3�y, at no� more than ��:,: �is�;:: '`�'�l�;{�-ws:t��.•:: :``� , ' �Z�iL•'tG..}t� }° ,zS'�+�..�r�.;:`•`. �.�:,L•��:•:�_S'i:,i'.�\.;.� �'1.;:,e;�)�F;,R,�,rY: the redem tion rice of such Bonds on the next en9uin rede�n �i.on da�e �°;�;:•�°'�;�: �'.�`- ':�. r:. 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The proo�eds o�' any and a].1 such inauranoe rece�,ved by the Ci�y ahall be held by the Ci�ty a� sc�aur�.�y for '�he Bond� un�1l pa,id out as hereinaf�er provided. � ti� The Ci�y covenan�s �ha�, promp�I,y after any loss nr damage �o the Br�.dge which is covered by �.n�urance, it w�.11 cause plans and spec�.f�.ca��.ons �or r�pa�x�i.ng, recona�ruc��ng ar rep�.aa�.r�g �he damaged or de$�royed .property, to be pre,pared. The .proceeds of a�.1 �.n�urance pqi�.c�.es, referred �o in �his subsectian, aha�.1 be ava�.�.ab�.e �'ax, and sha�l �o the ex�en� necessary be appl�.ed �o, �he recona�ruct�.on, repair or rep�acement of �he damag�d ox destroyed praper�y. �Tf such proceeds are mare '�hAn st�Pfic�.en� for �uch purpo�es, �he balance rema3ning aha13, be paid in�o the R�newal and Rep�.acement Fu,nd. r� such �roceed� ahal3. be �.nsuff�.c�.en� �or such purpose, �he def�,c�.ency sha].1 be suppl.ied outi o� any moneys �.n the Renewa�, and Repl.acemen� I�'und . Tha C�.�y covenan��; �ha�, if �h� cos� of repai.r#.ng, recon- struct3.ng o�r replac3ng the dama.ged or d�stroyecl proper�y shall no� exceed the proceeds vf insurance a�nd o�her mon�ys available far such repa�r, reconstruction or replacemen�, sueh xepa�.r, reconstruct3,on or repJ.acemen� of destroyed proper�y sha�.�. be p,romp��.y cammenced and d�.l�.gsnt�y proaec,ited. The C�.ty covenan�s that �.t w�.�.3. at al]. times cax�ry po�.iciea af ineurance �ox� �he �ene��.� of �he ho�.ders of �he Bonda and the Ci'�y � ' i'7. �>. '�n . ..... , �., �',' �j�f�� ;`;��;:,��r;.E��:�;',%:'_�.�,��_,;;�� i.n a responsib�e �.n�uranee campany or compan�.es aga�.ns . �' ,� !:,�C {'+.'n"t��Y � ° � f.{ .Y <.;r;> "t '�; L , a',�✓ �'�.�.'' -� `� ��1:�'�{;J'7.��;'�f;. .`tt 4°� f 1}t �i�' � �;�;'��-��'� `i�"'�;s��t�,`,�r;'',;�'�,,'�;' �1) Loss, to�a]. ar par�ia�., a� the use and occupancy of �ay �"�_�� �' -4•,��}.; i�.,s;'<:;', CR'�1ti 4".$+� i G�i�'fi_..'r.�'�« �'`:�^. ; ' _ • -4�:�'-•y'�}�����'� '�LU ,}�;}�:�,�•�:;',•;::._�° :' the B.ridge, or any part thereof, r�sulting from any af the causes kr�.iN � ���s�:f��� C"�ri��n:�;�,:�;5:'�','.� ����`�� "=� t���'�F� .� �'�'� `•' @��`';` se� forth above in �hia subaec�ion which wi3.i prov�.de an income d�ring � �� • �.� � r ���:��N�u . iil � r .. ���;,<,' i��l�_1.:� °°.�:.w �he period o� sus�ena�.on of us�: equa]. �Go the resul� ob�a�.ned by mu�.- i��.p1.y3,ng th� number of day� �.n such pex�,od of suspens3.on by the aarat�ti� af Lhe avex�age da�.�.y gro�s 3ncome of iche Bridge, �.n the sa.me mon'�h or mon�hs o� �he px�aedfrig ca3.endar year, al�. to the ex�en� suah in- sttranoe �.s obta�nable from t�,me �o �ime. 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'��IJ..Y;=l^';¢�'i.. ���_. ;- :P£L�S�F�4{^[��.,,�Ly, .i'.`4't�N''.r'yi1`,.;..<<, •' r y;�y„*j'; �:,�. .::F.� ,','`:�,.;�yr`',- `f ' �'r`. ::>;ti,Yt t ie �°� i ", z„ � i; -'f� - ... , s:�s�_.a;;4�a?�.J'��...��,�.'r':;., . ,. _..3, �' :¢,-. . � �' '1' �he�r author�.zed repreeen�atives, o� a3.x�y�sfx and �wo�-�hirdg per cen�um (66 2/3�) �n Amount of Bond� �hen autatarid�.ng. The City sha7,�. � prepar� the form ot sueh appro�al and consent for execu�ion by Bondholders, or thei.r du�.y au�hor�.zed represen�a�i�es, wh�.ch form sha1� prov3.de tor � the di$.pc�s�.t�.on oi' the proceeda o� �he a$�,e, �.ea.se or other dis�o�l�ian t of such � prnper�y comprfs�.ng a par� of �h� Br�.dge. � P. ZSSUANCE OF aTH�R OBLrGATxONS PAYABLE DUT dF FiEVEIJi]ES . i Tha'� �he City will nat issue any a�her obliga��.ons, except upon �he i condi��,ons and �.n �he rnanner prou�ded h�rein, paya�3.e from �he revenue�a der�.ved from the operat�.on o� th� Bri.dge, nor vo�.untar�.�.y cxea�e or oause �o be crea�ed any deb�, �.�.en, pledge, aes�.gnment, encumbrance or any o�hex charge having pr�.or�.�y �o or be�.ng an a pari�y w�.th th� Z�,�n of �he Bonds issued pursuan� to �his o�d�.nance and the 3�nteres� th�:,� £� a�on any of �h� revenues o� the $ridge. Any other obl�.ga- �io�ris ��.ssued b �he C�.t in addi'��on to the Bonds au�hori.zed b �his Y Y Y ordinahce or par3, passu addit�.on�.]. Bonds prov�.ded for in Sec��.on 3.0� (L) hexeof, sha�.�. con�a�.n an express statemen� that such abl�.gat�.on� axe �un3.or, subordina�e and i.n�'erior in aI.I respec�s �o �he Bond�a �.ssued purauant �o th�.s ard�.nanae as ta lien on and sourc� and secur�.�:y for paym�nt from the revenues of �he Sr�.dge. �G. INSUfiANCE. Tha� the C�.�y wil3. a� all t3.mes cauae the Bridge, and all par�s �hereof, �o be 3.nsur�d in a respons�.b�.e insur�» anoe com.pany or compan3ea agains� �.oas o�r damage by f�.re, �.�.gh�ning, �ornado, winde, earichquake, ��.00d, r�.s�.ng wa�ers, ca�.�.apae, xia�, s�r�.ke, c�.v�.l, commoti,on, caX23.s�.on, ma�.ic�,aus da�nage and exp�.osian, a�.l �o the ex�ent insurance is ob�ainSbZe from ��me �v time aga�.ns'� any one or more of such r�.sks and in each case �o �he greatea� amount ob�a�nable, not exceed�.ng �Ghe �'ull �.nsura3��.e va�.ue, � subjee� �o deduct3on from auch loss ar damage (exc�pt �n case oF �ota�. 3.oss} of noi more than one per cen�wn (1�}, un].ess �he Conau7.t�.ng Eng�.neer sha�l approve a higher d�duc�ion, not �xceeding ten per cen�um {ZOy�}; prov�.ded, however, that �he aggregate amaunt of each type of �.nsurance cover�.ng �he Bridge need not exceed �he principa�. amount af Bonds outs�anding from �ime ? .. _ .� r���.. � � o . � :$� � . , �. , •S u,sn.. ��. .is,,... .�;.�x'a" . . .3'' .'�r+".�.�..r..•... .. . _. 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"1'. �;ly •�jt.� �:�Y..:'I' �. . . !: '�� �k °-` �=���i; .t��'y�=1�., apart fram ��1 o�h�r books, records and accounts of the C�.ty, in which �• � `� ' . ,„A:y , ' . ,,_ ?...1 s, - .,.�... �:;w",:`-�� �:; . ;..�:;��.;:,. . �; ��.' •� ' ' .,. • .:;�` ,s��`��:;aA�� '..'i�,.:=-'.>.;. �.�: ,�;;;.:Y,. -}�� �;;;��;y�;�� ��:; compXete and cox�rec� entr�.es sha11 be made of the daixy to�.�.s and o�her .. .,���.: =�r��'�:,�.'�' �� ;, � -_ ' - .: t:, <_ -�'" �:,:,, ` - �y •:�:.s,�. '�' . � Y� :i�� •l%.,+�'.Si�.'h. ..1=�� � . . � kl i.y',' i��''Ju . .i �'��� 3 � 1 ,��• `.;�:���==;�;:,`� ��'<�' revenues col�.ec�ed and of al2 �ransact�.on� re�.at�.ng �o �he Bridge and ���r-- �=-���;,;� - : ' " j;. : `'�' . ; � ��:,:: r'�, a�, _ , `�. i[�; _'. '*'`, ,;` i?{';'.;^- ;i.,. ry'S, •�r '+; ,��,4, 1 , �ii� '.:�j...i;: .'S. 'k' .' -}�;.. T � '� ,. :J;�� any ho�der of a Bond or Bonda issued purauant to �h�.s ard�.nance shall ° ` qA}yi ': i' �'��.Y�. y�' � • �j `:S� ,'�.'�,°' .,'.•R...•.1� � .`f.' �f„ ;'j�w�' 1 . �7.+ .•, ��, . ; � � • % s'f, 'e y: �r5�''� - �. ,-Sjr � .•{�'•...'. . :iv �x" `1t_�7'°�� ' r(�i•j���ry_�;� �'1` '��'^„��(�si ha�e the right at all reasonab�.e t�.mes �o inspec� �he Bridge and all �','�� ;,:'(.; '` ..I�:; '.S,' :ia�`'�{;.",7.��7`��'2s;�;4 •����;tf: `� � ' • =�, �;r,;!,•_ s •� . .� .. .�. , r�. ,i � f.�^';7 �'"J •' Y��4Y.5K a. ".:': :x.' ;.,«. ',i: ,w�, r Y•'.`,41�'�54-'r�wx�{:4��..f....}1'St•'"1ii.' ��COI�d {�. LL ti ;���t�.r'�:tiY'>t'�_'..�.i.�;C�":Ywh.�:;1�',''ir`{°"r ,� ;.� �,:,y:�5 ,�:,°�„ ;:��. , � ;;' a, a counts an ata of the C�.'�y rela�ing �here�o, �� ;, r„ =`r. . .._�77 _ r».�f'" _ . ' 1>:v'. .. .. •°'i �`' _ ._ �`tr. Sil . w'. S 4�4,� 4<rtiY7�...a� .:�. .k, �;'F��,n�ti t- :.�'.��; �r ,`t',1',,�.5� 4..� + ��T.i s�c;^n,': � � -•S•, `: _s_,�S�;f� . :;t,. ^�,,^ , ��,`_ ^', : � �� y � ;=��F :F� Ji.. ' �1:���.; t•,��' •���L.l7JF. �'; '�'� .( �i�+�; � ..:•;fi;'�:''J^� r�'•��` t. � •':S5?�:,i.'y�:r. 'r,�'Y��'� `[i+Ml.''i�l'.f���,tw�y�. �`t'L;S� �i� �,:�:.: :.:� '; t�=-:� � . : .. �` r.a, +� .t, r ;��'�.i:.x�.�.l,-..�� � '��' . r�� �4�7'� �.4 y,>�i ��:�;,rA :. 13.� �Q��<<�r'r� �' • � , . '�j'�•�` ,tl�f�.v,�io"•'�:' -''• ��,4�i;�h:tTr'.�', `;; i*'�, ; ' :". . �f. .';:^'�t=� ri����4'.... ��:j«-,�ti��:�i;��r�`�7"s'��,�..�h - �r� .i7 ''�r1� 's . :'";R,:;� ;;::'�.�;':-:•r�;;;,: 'i�c:; ��A �<�% ,,�•�r:;ia, +-�; �i>;'LI�_r;i� ,;',�. ';f�, alv.:a*;: ,;;::y�,;: ;�, r,; `: � �:>-� •. :;.r. ��,,.,. ,,s :I .�,,��„f ; . i.,�a � ''l.:� . r�= r 1. w.}' k±�, j?r Sy�. -��! !� t•,;..` :;7��*!,(i" �!y ••^i'{��•..s"` 1 }i�?,Yjl:irf�•r��e;�,!'}.a; i�,.�;-'�1 t��s°; :Y_�'' ��i:`i =Y. i:n•+ :t "'; ,i : r� C� r �`� M.w.a� `- 'tr.,�' ` i ���,i : .: i,.t ti4��.1 �£ = '" +•,�•'`�..''s.�:,;�`i: �,rj: ' ��.,�r; t�- ; .Vf`'cr.°ps i "� iF's.,'.``y-� f'� _..,?uf.=.�iL�s1.y`y•,. s ., 'i i �y1,t .�j ..r;, _: ;.i.: `�: �� ,.`, -' 1: . � �he C�.�y sha2�., na� �a�er �han �wen�y (20) days af�t�r the 1as� day of the mon�h �o which such repor� rela�es, prepare a manthly opera��.ng repar� of �he Bridge for the mon�h pr�ceding �he mon�h in whi.ch said repor� �.s prepared, se��ing for�h in reasonab�.e d�ta1.�. bo�h $n annua�ly cumula�ive ar±d a moni:hly schedu�e of the gross revenue� and opera�ing expenses and a s�atement of the number o�' users af �he Bridge and shalx mail such r�.port �o the or�.g�.na�. .puxchasers of '�he Bonda and to any Bondho�.e�r requss��.ng �ha� such month�.y repar�s be fo�rwa�d�d to him. The Ci�y shall, a� least once a year, cause thE books, re-- cords and accoun�s rela�3.ng �o �he Bridge �o be properly audited by an 3.ndependent firm of c�r�if�ed public acaoun�ant�, and aha�.�. make avai.�.ab�.e �he re,poxt of sa�.d cer��.��.ed pub�.�.c accoun�ants at a7.�. reasonable �imes �o any ho].der or ho�.ders of Bonds issued pursuan� �o this ord�.nance ar any one acting for a.n i,n behal�f' of $uch Bondholder or Bvndho�.ers and sha�.�. mail a copy of such repor� to �h� original. purchaaer of-th�.Bonds. Such aud�.� sha�.�. �.nc�.ude a cer�ifica'�ion by suah accoun�an�s that they are familiar w�.th iche .provisians of �his ord�.nance, �ha� �he re�u�.ts o� such audit do or do not, aa the case roay be, camp�.y with �he provis�ons hereof and shall include a baxance �5'9 �Qrci� , G1 I p , . � .., .�..,n„ .�;..,�n,�..,.�.,.�n_ .. _ .._ .__,.� ±��i ,,fl�' � . . . :'�'^7�rr� ', �r. .r. • -32- .., .w.,..�..�..�.r..... ... , .. � e ,;'1,..:�tie,•'+�� ;�,[_ � ti:,, t, �r_;; = ��.: .. t�°•�.Ir _,y`it,`,?,� •.�;��J~j���`�:�''��� �.�;�: ;����.:�i-�;: � y�i: ...j.'.dY�.ti�Y°=�.j���� �.i.� �i'�ySps'^ e :y ' � I : �,'-• 'i, l�. �'i... .M[" ' C'• `� , '� ,, F' ..q5�"�t� �.�'_�^ �.�.e'�. �:`'�� .:`]". .�{ �s����,;,s'E.. �. 1 �A; +�;.i;` . 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", �.,, t,�„�.:"�z.. e�;. ..{'r' ;,.�,� j x?i,1�,h�..ihy}`rr,;�;`�,`. ,r. ; , . . , i . . • ,f• P�`'� ',1 ,,E �{.t���:t'�% ��:t:. k'i•' � *li: .:��K:i . . . � , . . ,. � Y.1. o. ��, .k �'�� �1`j. �..). i�: .4�.�;P7s'��U., rY' _ 1 . . � . , �:. . }` . • . . ;� �r,�`: ,..�:--,'.'i, ;i:1;,�:. �� . i�e7' . . , . , � ''_:.������ ��«�' � . ' . ' . � ' .. , i .• ' ' • ^. `�$ ,'f��•'��• •. ;, V}=�,�1lt� ;�r•. • . • • . . � .r�l.X'✓.�aaa`4.i�tiit3YI..P..��4'i,.�tii'�.*��i�.Cw` . I. ':i' '�.1•. �+��a.�....wrt�+n.. 1...x�...�,..-.:..r�.. rv.. � ..-;. .:!'-:.':. . . . .., . . .. � . . . . . . . .�. . � ..».,... � .r � - ' • . . . � ��� . � • /r�. , �. . . ., . •. j " - sheet and inaome accounti re�,�ting to �he �Br�,dge. x. OPERATION AND MA�NTENANC� 0� BRxD4E. Tha� �he C�.�y wi.x�. �ain�ain �he Br�.dg� ir� good condi.t3.on and con��.nuoualy opera�Q �he aame in an e£��.c�.ent and econor�iaa�. manner and at a reasonable coat under reasonable ru1e� and r�gula�ians �overn�.ng �he use a� �he Bridge and �he op�ration �hPreof. J. CLASS�FxCATZON OF TOLIS. T1za.t axl to�.ls w�.li be c�.ass1.-- . f�.ed in a reaeonab�,� way �o cover a3.�. '�ra�Fic £alling wi�h�.n any rea�onable clas�, regardless of �he status ox charac�er of any peraan, firm ox corpora'�ion par�3c�.pa�ing in �he tra�'f3.c, and tha� no reduoed ra�e of to1.�.s will be a1J.awed vr�.th3n any such class, except through �he use of commuta'�ion or o�her ��.ckets or privileges for services based upon frequency or volume, and that no �re� use of �he Br�.dge, or any part �hereof, w�.xl b� perm�.��ed excep� �o of�'1.cia�s or empZoyees of the Ci�y whi�.e �.n the d3.scharge of �he�.r off�.c�.a:l dut�.es or �o po�.�.ce or f�.re department o�ficials and emp3.oyees when engag�d in �he proper work of any suah departm�nt. K. ANNUAL BUDQETS. Tha� th� general manager ar other author� ized af�3.cex o� the Gi'�y in aharge a�' th� Bridge shall annual].y, at �.east thirty (30) days pr�ceding each of �.�s ��.�ca�. years, pre.pare a de�a�.3.ed budget of the estimated expendi�ures for operation and main- tenance of �he Dr�.dge dur�.ng �uch succeeding fiscal year wh�.ch budget shal.], firs� be approved by �he Cansu�.ting Engineer, and sha�� then be adopiced by resolu�fon of �he govern�.ng body of �he C�.�y be�aare the same aha}.Z become ef�'ec�3ve. No expendi�ures for the apera�ion and main�enanae o�' th� Bridge shalZ be made in ariy f�.scal year in excess o�' the amoun�s proai.ded �hex�e�or �.n auch budge� w�.�haut a wri�ten find- :::'�S`�:i"'�+= '•'.-4:5;•,�:ri(. �<"??,;;�,��,.�`� ��-. f` iN�w;;�'-Y�'.;�•��� ,�� �.r�g t n b �he eneral mana er a�' the Hri or other .�;����,�,..��;�..".,..,::�.����' �f��=� and recommenda �.o Y B � d�e . . ;� 't „Hyt;: .{ r r; €"�. ��' � tj�k`i�"y; ; . ; _��r,'�;C,.�4�;� . a�;� �.� �'�`:��.��� :`Y�4 ���;�:�:?:��Y�p du�.y authorized afficer �.n charge the��o�', which ��.nding and recom� :t: �'�� 4 � A �"j '�� ��� ��. ;:i- �sy � ' +� h��,�u� E�. ,F�.� ��L��.�:��; menda��.on shal7. s�a�e �.n deta�.�. the purpos� o� and necessity far such :,•� �� �• �a��.v��:�� ,�r- ��;�tit�sr ;t�;,,� � �;� �� `�:t.�w sA;j. ;�.� -�.� � Y��s,,;:���N�� increa�ed expend�.ture for �he operation and ma�.ntenanoe of '�he Bridge LE.:,tii� � n c,y�-wt,... rz�, r '";�r.r�e:4G=�� r �' P "�.s�M i �7!" : t rq4';��� � r �.��� .�• and no such increased eacpendi�ures sha�.�. b� made un�i1 the gov�rn�.ng � �^ k � '�f � ,��:� ' body aF said C�.ty and �he Consul�3t�g Engin�er sha13. have approved such , � Qrcl, .���� . . : � .� �.. ..�. ,... �._�+�„�.,��.....�.. , . ... i'' �:s Y:';Y � . . � , . . . ,1�^; . � • � 4 , ��:�'!'� �Y.�L��Y'"'.^L't'"1'�!'Y a. , a.� r . •. . m �� -33- ��� �,f � , � �� R , � � ," . 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' ' +v.... ..,r . ... .................. .. [ i��'� . . ' ,./�`1 , � f-- , , ' • . � � ' � . ' �. find�.ng and recomm�nda�Gion by a reso3.ut�.on duly adop�ed. The Ci�y ahall make a�a�.�.able auch budget� and a�], resolutions authorizing �.n�- creased ex�endl�ures for opera��.vn and ina�.n'�enanca o� �he Bridge a� al], reasonable �3mee �o any ho�der or ho�.dera of Bond� �.s�ued purauant to �his oxdinance ox to any one ac'�3ng for arri in behaZf nf auch H�ond- hoJ.der or Bondholders . L. xSSUANCE OF PARi PASSU ADDITIONAL S4NDS. Tha� no pari- .passu addit�.onal Bands, aa 3.n �hia subsect�,on defined, payable pax�. passu wi�h Bond$ �.ssued pur�uan� ta �h�.� ord�.nance out a�' �he revenues af �he Hridge sha�.�. be �.s�ued af�er �he �.ssuance of any Bonda pur- suant to �hi.s ord�.nance, axce,pt upon �he cond�.�ians and i.n �he manner herein prov�.ded. No such par�. passu addi��.ona1 Bonds shall be �.ssued exaep� for the ,purpose of comp3.e�ing �he Prajec� �.�' the proceeds nf �he Bonds �,ni.t�,a3.1.y �.ssued hereunder aha].l be in�suf�'�.cient far such purpase, and only �.n �he amoun� certified by the Cansult�ng Engineers as neces-- sary for auch purpose, but no� in any even� exceeding �he principal asnoun� of One Huncired Thou�and Dn13.ars (�100, OOp }. The �erm "pax��. passu add�.'�iona�. Borads" as used �.r� �h�.s �ubsection sha3.3. be deemed �o mean additiona�. ob1.�.gat�ans evideneed by Bonds issued under the pro�v�.sions and with�,n the litn�ta��.ons of �hi.s �ubsec�ion paysb�e from �he revenue� of the Bz�idge, pari pas�u wiih Bonds ori�inally authar�.zed and �,ssu�d.pursuant to thfs ord3nance. Such Bonds sha13. b� deeraed to have been 3.ssued pursuant �o th�.s ordi.nance �he sam� as the Honds orig�.nal.ly author�.zed and issued pur� suan� to �hie ordi.nanae, and a�.1 of �he covenants and o�her prov�.sions af �his ordinance {exaep� as �o de�ails of such Bonds ev�.denc�z�g such par� pasau addi�ional ob].iga�ions �.ncans�s�en� therewi�h) sha�.�. be for the equa�. benei'3.t, pro�ect�.on and securi�y o�' �he holders of any Bonds origina�.�.y au�hor�.xed and �.ssued pursuant �o �h3s ordinance and th� haZders of any Bonds etr�.dencing addit�.onal obl�.ga�ians subsequently issued wi�hin the li.miat�.ons o#' and in compxiance with �his sub� aect�.on. 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' . . , . � . , .. .r � or refuee to aomp�.y w�.�h �he provi.��,on� of th�,� ord�.nanc� ar ahall, dei'ault in any covenan� made here3,n, and in �he turther �ven� �ha� any auch de�au�� aha3.�. con�inue ��r a p�r�.od o�' �h3riy dQye, any hoJ.der o� guch Bond� or any Trustee appa�,nted tq repre�ent Holndho�.ders a$ here�.nai'�er prov�.c�ed, sha1�, b� ent�.�Zed ae of r�.ght to �he appoin�� men� a� a rece�.ver af �he Hridge �n an appropr�,ate �ud�,c�a1 proceeding in a caurt o� campeten� ju�risdi.c��on, wh�th�r ar no� such halders ar Tru��ee sha11, a�.so be seeki.ng or ghall have sough� �o enfarc� any a�her r�.�h� or ex�rc�.se any other remedy in cannection witih '�he Band� �.�sued pursuan� �o �hia ordinance. The reae�.ver so appo3nted �ha�.�. �or�hwi�h, dir�c��.y or by hia agenta and a��orneys, en�er in�a and upon a�ad '�ake po�aess�.on of �he Br�.dge, and �ach and every par� �hereo�', and sha3.�. hoJ,c�, oper-- ate and mai.nta�.n, manage and contro�. the Bx�3.dge, and each and evexy part �hereof, and �.n �he name of �h� Ci�y �hall exercise a11 the righ�s and powers o�' the Ci�y w�.th xespec� �o �he Br3dge as �he Ci�y i��eif migh� do. Such r�ce�.ver shal�. col�.ect and rece�.ve a�.�, to�.xs and o�her revenues, ma�n�a�.n and ap�rate the Bridge in the manr��r provided in th3,B ordinance, and comply under �he juriadic��on of the cour� appo�nt3ng auch rece�.ver, w3�h all �he provi�ians of �his UI'd�riF}Y1C@ . Whenever a1.� that 38 due upon Bonds �.�sued pursuan� to �=�s,� �h�.s ardinarice, a,nd 3n�erest �hereon, and under any covenan'�a o�' ,,t.I,r ;��= �Gh�.s ord�.nance for reserve, si.nk�.ng �und or other payments and upon ,-. «�' ' ,;�� any o�Gher ob�.�.ga��.ons and �.n�srest thereon, having a charge, ].ien ar �:.6 ���;1�: encumbrance upon �he �o�].s and o�her revenues of �he Br�dge shalx F`r �� . °'�'` have been '�:;,. pa�.d and made good, and a].7. defaul�s under �he proviaions l. ;�� of �his ord�.nance shal3, have �een cured and made good, posges:s�.on af �4. �';�~°.� �he Br�.dge sha�.� be surrendered �o the Ci�y upon �he en�ry o� an ordex f' of the caur'� bo tha� effeet. Upon any subsequen� d�fau�.t, any ho�der �� of Bands iasued pursuant �a this ord�.nance, or any Trustee appo�.nt�d b: � i , E° : fox� Bondholders a�a hereinaf�er px^ovided, sha11 have �he same righ� � �o aecuxe �he f'curther 8gpointment of a reaeiver upon any such aub- �i ' �, ; �ejquent d��QU�� . � a rd . �+�� a � o . . . . . .� . .,.., - ,,�., .. . . , . . . .. .:, � . , ��� '}' � � ° � . - ,: V, .'S. . � 1.T :^n J ^F.+. . . r . . -3fi� .�� � �J�' � i' . , , �� .. � i.. . ' � . , ,• ... .. .� . ... � t � . ` .�. ..:, • ,F. ..c:i���`. ���f.�`,;� •'k;�,ti:i', k:� .3•.� 1 � ��. j�t°;,t.,y� ei\, 'r<<� �i���"'.�'t:. .'�.;�y'`: yE' ��,3: w��,.��..Ff.���f'Y.1�•°" .N�:;'� �Vty.�r�,7�+,.��'� . ``..t:;; +..' � 7,: ' �'ct � 1 �" v� :i?'� '��'j , �3s' i�•�•P'�' r{2's'y3w" ' 1w .'�ry i.p . . •:�::ss� .,...,.,,_.. �__. 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"iz.��..�.r"s,:�� y,i;�.-r;•r '?C-�° e3t..k' S'`.j���i', . +�� � . . . �i�.• »;t•..���:. S. ����� S3�-r; �.e� a� � a',� ��'�t e . . . . . . . . e � � _ : F L'v'�'.' r, ;�.-.r<��`.r? 't` ,. ;.�;� ,s'; :�j�;: ,�:'• ;1>-.'z�i �.«; ..y+ �,, "1. `�x" . a y✓'f�<• . . . ,t..:`�d''i .7._ a: .�� '�: :".. � . . . '�'. '.t' :E�i:t,•'� ;., ..i' t .t..l.� sg�:x..t.�...f� ����' anK�.i., �,s�� .�r. �'!� , . , . r.g`:.:=.' q'I:i'��. . �t;a:'si�'t's�'^���s.r:.r�,s..�,,r, f ,�.,-.'rl�', 5 1''r��'s rP.:§'i_ �r :s. '� . . . � . � . , ., . .�,.: , ' ;h. �r 6.. r.x_ 'i:S, I ;' �7'' ,�'�. . . , . �.Ir� ^ y ` :i�: ;.3iLl�..• �„�,Z �� . �.f�"K"�:fi:•:J��� ..�. ,'lr �n,"c, 1�,:1 � '.iJ , �r , . ., , . , • . , . . `rl'"�3'<'a!:':�r rl..i�'f}..a;i�: ,FZ.d'�.�fi,i!�r�� ,�� .:?6'.�;,��' 'k . . . , . . , . . , , .i; t,�.� f �F' �'nJ..iad.%y ����,1 q�' �.�r.r .� . .. � � � � � ' . . � . � . , ' ' • . . . . . °irP�s„ .. ,'°;b2.;.:`.'' '(`>,[7 .f�;1.3> Y�� , . , . . � y1'i,�,ly q�,��fz%i�,'� iUi:° ���:iT`�`rs� ,��4t •,'' ; � . ' , . , � . . . o . , . ' ,;`��''" •,7° � :i`, ��I S ' ,1�'�+'., ��.� . . . . .Ii . � ..f�" , . ' � "� �•' �.. �`1.• s'� `l =+ 1: � � . . . . . • ' •�.J.., �f,♦ "Id�1 __"____ -;__-_.��rw:'i�+.ia«.. .............. .�. . . . .. . . ... . . ... .. .. .. . ... � . ....... . . . `.. ..�... .• . . ., � .. . .�.�.. . . / i � . , ' �. w� , • � ' � ..� . . „ r � . � Suah receiver sha13. in �he peri'ormance o�' the powers h�re�.nabove aoni'erred upon h�.m be under �he diree'L•�.on and c�upervi$ion of the cour� ma4c�.ng such appa�.ntment; aha1.� at a11 �3rae� be gub�ec� �o �he orderg and �eere�s o�' such court and may be removed �hereby and a successor rec��,ver appointed in �he d�.acre��.on ot auch cour�. No�h�ng herein can�ained sha�.�. �.�.m�."� or restric� the juri�diction of guch cour� to �nter such other and fur�her orcler� and decrees a� such caurt may deem neceasary or app��pria�e for �he exerci.se by �he recei.v�x o� any i'unction no� spec�.�'ica].J.y set £orth herein. Any receiver appoin�ed,as pxovl.ded herein shall hold and apera�e the Br�.dge �.n the name of the City and for �he jain� pra�-- ect�.on and benet'�.� of th� City and ho�dera of Bonds issued pursuant to '�h�,� ardinanoe. Such receiver shali have no power ta se].�, assign, martgage or otherwiBe dispoae af any asaets of any kind or character be�,ongin�x or pertain3ng �o �he B�r�.dge bu� the au�hor�.�y of such re- ceiver shall be limi�ed '�o the possesa�.on, opera�3on and maintenance of the Hridge .for �he so].e purpose af the pro�ec��an ai' �oth the Gf�y and Bondholders, and �he cur�.ng and making gaod a� any defau�.t under the prov�.sions of �his ord�.nance, and the �i�ie to and ownersh�.p of �he Br�dge �ha].1 rema�.n �.n �h� Ci.�y, and no court shall have any jux�.�d�.ct�.on �o en�er any order or decree perm�.tting or requir�.ng such receiver �o se3.�., mor�gage or o�herwise d�.spase of any asse�s o�' the Bridge exaep� w�.'�h �he consen� of �he C�.ty and no� less �han s�venty-- f�ve pex� oen�um (75�) af the ha].ders af the aggrega�e pr�.nc�pa]. amoun� of Honds then outstandfng �o be ev�.denced in such mann�r as �he caur� sha3.�. d�.reat. The holder or holders of Bonds in an aggregate pr3nc�.pa�. amount o� no� lesa than �wenty-five per centum {25�) af Bonds �.�sued under this ord�.nance th�n ou�s�and�.ng may k�y a duly �xecu�ed cer�ifica�e in wri�ing appoint a trus�ee �or ha�.dera of Hond� isaued pursuant �o th�.s ord�,nance wi�h su�hority �o repre�ent such Bandholder� in any 3ega1 proceedings �'or the enforcemen� and pro�ec�ion o�' the rightis oF auch Hondho�.dera. Such certi�.ticate shaZ1 be executed by such Hond- ha��ers or �he3.r duxy au�horized at�orneys or represen�a��.veti.and sha].l . , . a�� ;�;' �`�::�?�:, � � , r . :�.;. ;.rf;"�.i.�(.f' ... . ,: S`<. .,t .. «n -.. I i �r�> >-w ,.. .. .. . . ... .,�'T� i� �' � • . � . .� � , �� ' :i� ',i'. f :t'''•:i.�:.!s;y�"y nr?!'•' , � N ��t�.A 4, r. . ;'! ,i . :. � •, IY'illa e �'.<', ~•�P.. . �,,.'',�•:��F�{,••�J�'ri��"�l.�d.�t% ��7a .� '. ' � :v- �'t.„� ,•'"��.'3.Jf'.�^M1 � � M:} f .. 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' istl!l7U�ife�Ipl!'fisrL+ilo"h::".YS4s�s:.is➢�t'.:r:�'t:S��:xr.w.w:,�Y,��_ _. .�r....i:�.ti.... .,...� _ .._.,._.....,....-r.«,...,.�a a«.,..:�a.,�..�....�... ..._...,e..+�,,.:.:e,+..rv.l.aw� .i ��3i,:iti�i�. ♦:.� �- , _ 4 7 w';. .�i.': I: � :.' A�f�. .. . . . . � . , �� ; , ',7. 'i � . , � , A S� � ; � • . . � ' , ; ' . � . � . � ' �.„ �' • , . ' ' . be F�.�,ed in �he ofi'�ce of -�he C1erk of th� City. .�, . N. GONBULTiN(� ENQ�NEEft. Tha� the Ci�y w�,11 retain the fiMn of J. E..(�xe�.n�r Company, �nc., Consult�ng Engineers, of Taropa, Flox�.da, as Conaulting Engineers, ar. other qua�.�.��.ed and xecognized engineer�, to �uperv3ee �he can��ruc�ion of �he Bridge, and, af�er �he comple��.on o� the Br�,dge, wi�]. re�ain on an annua3. bas�.s . sa3d f�.rm or a��.rm of nat�.ona�.ly recogn�.zed engineers, as Consul�3ng Eng�,neera to supervise genr�..al3.y the operation, maintenance and re� r�eWa�. and replacement of �he Br3dge, and a�.�. par�s thereof, and to mak� reports and recommenda�3ons as �a be��ermen�s, me�hoda of oper- at�,an, and. rates o� �olls or charges for �he uae of tihe �ac�.J.�.t�.es oP said Hrfdge. 0. COVENANT AGAINST CON�ETITION. That �he C�.ty will no� grant or consen� �o �he gran�ing o£ any f'rtxnch�.ae, l�.cense or permit , far the construc�ion �r operat�.on o�' any br�.dge, causeway, or ferry over Li��le Pass wh�.ch would be competitive with and materia].J.y and adversely af�ect the r�venueB to be derived from �he operation of �he Bridge; prov�.d�d, however, that �he provis�.ons of this subBec�ion shal.]. not be app�.�cable �o the cons�ruct�.on and acquis3��.on of �he remainder o� the prapased Causeway and Br�.dge Pro3ec� be�ween C�.ear- water Beach, �1,ar�.da, and Belieafr Beach, F1,or�da, nf wh�.ch the Bridge �� a par�. �- � t . � : . � � � . �;�.L;Qr�►: ,.� I.�� � . � _� t� ,=. � . . .. �� ; _:�,, .#,Y- . . 1� •�i�� .� ' F'�P��i �.rS, <•� �i.h."` : P• . _ , +r.,�'; ; i'"".'w.+""" ;y,; "-!s.;���",�" �1 .'. .. • : � ' � '. a�=� `:•;;,dR {. • , - . ;'t; . �'� ',.: ' . _ ' : � '.. . . � .�: ."���_. . . . � � � . �_.. ��.... .� . ... . ,. .� _ . _ . ..3g.. �.� ���: ��3 � � .� `�.' . �` ;l.,i' �,,:.;' . . . ., ,.� {::. . .. .. ..'.� i..�. . , �.f'� l�a:.'�.iry4;'r."1}: ".�''' . .._..Y.. ,J .. ;6 ,, .�'sLi;��."'. .;ti°�.��'f, . ,_, , :.r•� �• � ;�u .,;�� ;r� -,•-•. ;� �`,:: .,. � 4 ; .R .: b�i ;�''� : ' i � .�=rN� �• i':. �_`�'_".i.a,`, iaPii.v � �� �,.,. 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'ii"."i�..t�...�� �`'.'�".';Ei.,..�lc}.�s�rr�It,�,y.n�'� nT: �it. E'"f . . . , . + rY• a^�iT'..r ,�y ~ ; . . , , .. . ., ��� ..r s.l'. ,ir 6' 'r'Fi,." nx� �Fi{a � ti'. i,,t''�t � „ . . , ,• .T ` : . ,��;*lt'�-4,;y '� '�...���� ? "�'S . r. . , � . . . , � ��.i�.s'¢', :� ' ,t� ,.,#`.p� :*-w..: i , . �wi' . . • .. r , 'rJ j;. �' .�Y'���'�l� '.� . �}.. .�1 ;i. Z ,`'i": : : }~.i. _:'.. . ', ` , � . , �J: ` . . ' . . , . ' 1�� ' 55��'� . ��w+iltir�.....rM'L:w•r...�.......,..r.tr.w..t-...�......v...�r. . . _. � . , _..� ... ... . .... . .. .aa-.n. .r v�.sl�iwrwr..F........_... .. ..... ...�.....1�.... .. �.�' � . . ` . ' t, � . � . . , •4 1 • � ' � + , ; • '.t i. . . � ARTICLE N MISCELTaANEOUS PROV�sI0N3 Sec�lon �}.OZ, MODIF�CATION OR AMENDNiENT. Na ma�er�.al mod�.:C�.ce.�ian ar amendmen� of �hig ordinance or oT any ardir�ance amendatory hereof or aupplemen�a�. here�a, may be made withou� �he consent �.n wx��.�3.ng o�' the ho�.ders of two��hird� {2/3) or moxe �.n principal amoun� of the Bonda then outstand�.ng, �rovided, however, �ha'� no modifiaation or amendment shall perm�.� a ehange 1n the ma�ur- �.�y of such 8onds or a reduc��on in '�he ra�e a� intere�� �hereon, or fn '�he amount o#' the principal obligat�.�n a�r a��eet3ng �he uncondi�ion� al pramise of the Ci�y to pay �he princ�,pa�, o� and interes� on �he Bond� as �he same come due from the �o11a and oth�r revenues of �he Bridge, w3�hou� �he consen� of the holder o�' such Bonds. Sec�ion �.02. SEVERABZLITY OF INVALID PROV�SION. If any one or more of the covenan�s, agreements or prov�.s�.ona a� th�.s ordinanae shall be he3�d con'�rary to any exprasa prov�.s�.an� o� �.aw or con�rary to �he pol3cy of express Zaw, �hough not expxe�say �rohibi�ed, or agains� public po�.icy, or shall far any reason wha�- soever be he�.d inva�id, �hen such covenan�a, agreements or provi.s�.ons shall be nu�.�. and void and sha3.7. be deemed sepaarab�.e fro� �he remain- �.ng co�enants, agreemen�s a� provisions hereof and sha�.�. �.n no way affect ihe va�.�.di�y of any of th� o'�her provisiflns oE th�.s ord�.nance or of �he Bonds or coupans �.saued hereund�r. Sec�ion �4.03. VALZDATION OF BONDS. Tha� �he Ci�y Atta�+ney be and he �.s hereby authorized and directed to �nst�.�ute appropriate proceedings in �he C�,rcuit Caur� of the S�.xth Judiaial Circui� of Flor�da, in and for P�.nellas County, F�.arid�., for �he validation o� the Bonds and the proper of��.cers of �he C�.�y are hereby au�horized to verif�r on beha�.f of the Ci�y any pl.eadings �.n such proceed3ngs . • � ��� �,'� { �; . .�:�':R ::tif" .�a�r . `�j '.b•�u i S' ''. . . . , ' �,'a t' � � -39- Q1 � � .. I . . � � • .'. � ; ' , . � i..,.. . .... ,... ' !��' t:l�g ;,��iE�e,£ .. ♦.�` yi1.•.. 4 .t. � � . ����.t.�„l.:�y.' .:...;1, : .�Z��.. • �:Ji's't :i+,c .t�f•j.� � ..1','.�; .1.�I1x �n7s�"x_ :{�4 f. � ;'�:•• ,7� .,i. . 4i� . i�'�,t� ' ;, i �. •� .,Xa:':��; , ��� ,'��.;'�5�;a�it;1�i',��#rr� ``%{ r;�.s:�.��i:0 A�. 4 '<<i: .{:=4i.;9::r"f•.'•j.t•p,.^.� ti'� .'�;T''- _ �°'�:``s; ��,;?:;�,`�z����. �rC.� �°>�'�r=�;F;: . f'` ••1.. �6��,�.�i. 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'°s�'s�;�':�s� `:��:: �, �.: r«� . ��;�.'• ���i;' R .. r•t�sf f , }.i�•��` "'l • , ¢. ��F�;$y�.�kN ,:�f�� '�,;' :;� '`: �,r �t',..�;;,`•'�'.".''�='?'`t.s F r,:! � , ... , � � , L" J Upun �he vallda�ion Q�' �he �onda pursuari� ta �u4h praceed� : t . �.ng�, �h�re gl�all be pr�.nbod upon each Bond prior tio �he dell.very ; ., th�reat und over th� Paasim3l� signatures af �he Ci�y C�.erk, Cl.�y ; ' .� � r . , M�.nag�r and Mayor-Canunla�ioner o� �he Ciby a Vaxida�ion Cer�3��.ca�e + � � �� - � . . �� suba�an��.a13.y 3n �he �`orm her��.n�efare set �ar�h. ' ,.. . ` � . , :<�,:_. .. �.���;•� �- � ..;. . ��1 ` ~ S�i.Y1� `f ; r .�� �� f' Sec��.on �F.06. EFF�CTNE DATE. That i� �.s h��eby �QUnd, -''��`� £` `;ti�; �.. . ':,: : .,;:.��-� � <..:,�`. ;:��,•�.��;,� �� , de�exm�.n�d and dec�e�+ed �hat iche func�s �a pay '�he coat o� the avns�x�.tc- `•'� �- ,','.`�� �,;;,,�;;:,�:._�.<<:;-�:- ; '. . .'t " . � ., t +�� •lp ;' �' ' � •� �,3 "`:.`���;��/,�p�';T',, ` �1r1:�: �au. ,.�� : 'f'.�Si.i'i .i�' �..w�',ya�;.,, _ icion and acqu�.si.tion of the Br3.dge author�.zed hereby are necessary ;',:����,:f`�;''�=;1���;::.',�-Ys_f'�7 ;�:,d, ' :'.x'�f•fi�a�"itif�Jr:�..�°`i:'J1fv •` ��;°«t�,it?' c and urgent�y needed for the pxeserva��.vn of the �ea�.�h, safe�y and "�4' �{���;€'':,�`,'.��r�}3:`'/ ,��` `,�.; ,, �, � � . • j� ��4.eoi./�r. St��{�'l��{ ;i�."�i11 S��.J'J�•'i: e� 't� � �J��'i.t.sti\° 1�ki�r!r��".i'! ��f�^�•� �i ! l� ��'��'=�skt�;�I!{-t"��t',��+�}i5�5"��:'�t �i'f.:�:= a.t'.�'`��' S� �'�G welfare of '�he cit3zena and inhai�itan�s of the C�.ty o� Clearwa�er; ,�:,ras3.�, ,;$ ��. ���',�;.��:��:� �1 . ;�r�ft i�«? �.'a5� �r� �r ����7 � 5 t„�. {4 �hat an emergency �.s hereby dec3.ared and tha'� th�,s ardinanc� sha3.1 ^��,���.�:t���a�.� .`��,.$..� ���. E�,��{��-;�; ta��`�F,.� wi y." ik+�',' � �k3ti . 't"••-'>., �stl1` �.,< � be in f uZ2 force and effec� 3mmedia�e�.y upan �.ts passage aa p�ov�ded ���i���i�;';�i`'' :� �_.�� M1���. :' : w �3.� ��u ��`�����r��' :;4 , � .•�'� ; ` by law." ry�=:; ri;,'�k�� �„�'������ �� �"F° �� Sect�on 2. That 3.� �.s hereby founc�, determined and •5, dec�.ared that �he funde ta pay the cost of the con��ruct�.on and `�°°`� acqu�.s�.t�.on nf �he Br�.dge authari.zed hereby are necessary and urgen�ly l�. ��� ' i`� ��' needed for �he pres�rva��.on of the hea�.th, aafety and we].fare of i{� �:i:'�. . i�� ��,... the c�.��.xens and �.nhabl.tants o�' the C�ty o� Clearwa�er; �tha� an :� s; � � emergency �.s hereby decZared and �hat thia amendatary ordinance y� � shall be �.n i'u�.�. force and effec� �mmedia�e�.y upoi� ita pa�sage as 17 . . prayided by law. 0 f� Attee ' . • . �� • f y;�r r ,: .�• . . _ . ..� � . . .; . ,- , ' -,; .C�r.`d �:. q' l � - . : � . �: ��-,�.. _ . . . . ._E= � ., . . �4'�"4;��;i4.si�k�.�s..:ixc�:�,ri��., -_�:t ... . . . t�ji �, d .t�.�,; . . �A�`. ' . .��. ' � . �,�'�: :' ' 'i� C� 1. ,� ' , . 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