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' ORDINANCE NO. 1058
AN ORDINANCE SUPPLEMEN?ING AN QRDINANCA EN-
TITLED- : "AN ORDINANCE PROV110ING FOR TfM
CONSTRUCTION AND ACQUISITION OF ADDITIONS„
F; t EXTENSIONS AND IMPROVEMENTS TO THE WATER
` •h =, AND SEWER SYSTEMS AND STORM SEWERS OF THE
CITY OF CLEARWATER, PINELLAS COUNTY, FLORIDA; •, ?.
PROVIDING FOR THE PAYMENT OR REFUNDING OF ?
t ?, k` z3:!1 sir {L ?'
CERTAIN OUTSTANDING OBLIGATIONS; AUTHORIZ-
ING THE ISSUANCE OF $1,500,000 UTILITY REVEN-
, f d? Y r `` UE CERTIFICATES PROVIDING FOR n1EIR MATUR-
ITY DATES PROVIDING FOR THE EXECUTION a
F:?NEGOTIABILITY AND REGISTRATION OF SAIDCER-
TIFICATES • PROVIDING FOR REPLACEMENT AND.`'
i-v -L
PAYMENT OF MUTILATED DES OYED STOLEN
`iiy'.iJ?'"'.Lii•-s`r°,,.W>hkYi'•w.w.•.v nif { ?.?''Y; 'K't+ •yti..,,
AND LOST CERTIFICATES; PROVIDING FOR THE
<I COVENANTS AND REVENUES AND APPLICATION OF
'?,`??? ?1;'?' •' -?? ,
w ' ?;?L??" ?? ???, '='•w?? ,,,;,?'?.. REVENUES OF SAID CERTYP'ICATES PROVIDING FOR
THE COVENANTS AND OBLIGATIONS OF THE CITY -OF;' ?'.
CLEARWATER CINDER SAID CERTIFICATES; PROVID-
ING FOR THE ESTABLISHMENT OF THE "UTILITY u,
? ; SYSTEM REVENUE FUND" AND PROVIDING FOR THR
i? '
? 'Y? a ; `; ? }= ; A` OPERATION AND MAINTENANC$ THEREOF; PROVID-
.; ING} FOR THE DISPOSITION OF REVENUES FROM
•,,:g z'? 4?'];.'u:1}? THE AFORESAID REVENUE FUND; LIMITING THE
?• k S .5 ty..!. '? 'sts?7yti ??y?\?, T¢'r l +'1 j ?
<f: ??., ?, Sa?kti,'rr.,?.?#•<????- ADDITIONAL OBLIGATIONS WHICH MAY BE ISSUffi)
I:9ti?- r?1 AGAINST THE SECURITY PLEDGED FOR SAID CER-'
TIFICATES ; PROVIDING FOR REMEDIES OF CERr .: E
TIFICATEHOLDERS, LIMITING MODIFICATION OR `tai F
AMENDMENT OF Tild ORDINANCE; PROVIDING FOR
u.:. •;';
THE SE'VERABILTTY OF THE PROVISIONS HEREO$, . ?
?` - ICOVIDING FOR THE ISSUANCE AND SALE OF THE i ;
?? •' ° CERTIFICATES; PROVIDING FOR THE VALTDATI6N
i OF SAID CERTIFICATES; PROVIDING THAT THIS
ORDINANCE IS AN EMERGENCY MEASURE; AND
. t PROVIDING FOR REPEAL OF ORDINANCES AND
]?• ?;' '?•?-?r RESOLUTIONS IN CONFLICT HEREWITH TO THE x ,
EXTENT OF THEIR CONFLICT." AND AUTHORIZ-
Fit-
'°•
, -? ING THE ISSUANCE OF $1,250,000 UTILITY REV- "."
.; • } d' ? 9 k '' EWE CERTIFICATES SERM OF 1965 .
n T ; rt. BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF
,,s. CLEARWATER, FLORIDA :,
rV' f f} ARTICLE 14t K y ,
STATUTORY AUTHORITY9 FINDINGS AND DEFINITIONS r, s 3
} 1.01. AUTHORITY OF THIS ORDINANCE., This ordinance is
F := adopted pursuant to the provisions of Chapter 9710, Laws of Florida,
] I.j
Acts of 1923, and amendments thereof, and supplements thereto, being t
i the Charter of the City of C1earwater,,and other applicable-provisions
t of S..
of law, and pursuant a Section 3.04 (K) a an ordinance entitled: ..,
,.3
Ord;.' 1058 `
j •: }rr%i r3'•a?[;..."<'Lk.,Tfl±'S'. ' •Fi -
10
11
k • Fr.
. !.
{;) f
"AN ORDINANCE PROVIDING FOR THE CONSTRUCTION AND ACQUISITION OF
y
ADDITIONS, EXTENSIONS AND IMPROVEMENTS TO THE WATER AND SEWER SYSTEMS
AND STORM SEWERS OF THE CITY OF CLEARWATER, PINELLAS COUNTY, FLORIDA';
PROVIDING FOR THE PAYMENT OR REFUNDING OF CERTAIN OUTSTANDING OBLIGA-
TIONS; AUTHORIZING THE ISSUANCE OF $1,500,000 UTILITY REVENUE CERTI-
FICATES; PROVIDING FOR THEIR MATURITY DATES; PROVIDING FOR THE EXECU-
TION, NEGOTIABILITY AND REGISTRATION OF SAID CERTIFICATES; PROVIDING
FOR REPLACEMENT AND PAYME14T OF MUTILATED, DESTROYED, STOLEN AND LAST
CERTIFICATES, PROVIDING FOR THE COVENANTS AND REVENUES AND APPLICATION
OF REVENUES OF SAID CERTIFICATES; PROVIDING FOR THE COVENANTS AND
OBLIGATIONS OF THE CITY OF CLEARWATER UNDER SAID CERTIFICATES; PRO-
VIDING FOR THE ESTABLISHMENT OF THE "UTILITY SYSTEM REVENUE FUND"
AND PROVIDING FOR THE OPERATION AND MAINTENANCE THEREOF; PROVIDING
FOR THE DISPOSITION OF REVENUES FROM THE AFORESAID REVENUE FUND;
LIMITING THE ADDITIONAL OBLIGATIONS WHICH MAY BE ISSUED AGAINST THE
SECURITY PLEDGED FOR SAID CERTIFICATES; PROVIDING FOR REMEDIES OF.
CERTIFICATEHOLDERS; LIMITING MODIFICATION OR AMENDMENT OF THIS ORDIN-
ANCE; PROVIDING FOR THE SEVERABILITY OF THE PROVISIONS HEREOF; -PRO-
VIDING FOR THE ISSUANCE AND SALE OF THE CERTIFICATES; PROVIDING FOR
THE VALIDATION OF SAID CERTIFICATES; PROVIDING THAT THIS ORDINANCE
IS AN EMERGENCY MEASURE; AND PROVIDING FOR REPEAL OF ORDINANCES AND
RESOLUTIONS IN CONFLICT HEREWITH TO THE EXTENT OF THEIR CONFLICT"
enacted by the City Commission of the City of Clearwater, Florida, on
the 16th day of August, 1955 (hereinafter referred to as "Original
Ordinance"), and is supplemental to said Original Ordinance.
1.02. FINDINGS AND DETERMINATIONS. It is hereby found and
determined as follows%
(A) That the City of Clearwater now owns, operates and
maintains a combined and consolidated system of utility properties
supplying water and sanitary and storm sewerage services in and to
said City and its inhabitants and other users, (hereinafter referred
-2-
Ord. #1058
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'1ia;f(,3i it MR .tAl7 _'? ..d r,a• t;i,
_? - _. r.wrws'?!"•it'MLJ?"ty irf"i+?e^ati .. f +^r r w- _T-. "L?t?-?.r.?f.sa__ _
a
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??q? ?p?u ?l.. i.ir,,J`•. w.i
'?'we'EEI?Y?.?fLiS?E{i711S151J'17(..7'lrf4lvNFi4i?]S1?"AV?E?L"ES,tat#??'"•':s7'•f' .».".S'A•?.•rF!'' "?tr•e.•r?::
i
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to as "System") and that it is necessary and essential that said
System be improved and extended, as hereinafter provided, for the
protection of the health, safety and welfare of the City and its
Inhabitants.
(B) That the City derivos revenues from rates, fees and
charges made and collected for the services and facilities of the
aforesaid System and said revenues are not pledged or encumbered in
any manner and that no obligations of any kind are chargeable against
the revenues of said System, or any part thereof except as follows:
The City has heretofore issued its Utility Revenue Certifi-
cates, Series of 1955, dated August 1, 1955, now outstanding. in
the principal amount of $1,181,000, maturing in numerical order on
August 1 of each year in the years 1965 to 1985, inclusive, (herein
called "Outstanding 1955 Certificates"), its Utility Revenue Certifi-
cates, Series of 1956, dated August 1, 1956, now outstanding in the
principal amount of $1,719,000, maturing in numerical order on August
1 of each year in the years 1965 to 1991, inclusive, (herein called
"Outstanding 1956 Certificates"), its Utility Revenue Certificates,
Series of 1959, dated August 1, 1959, now outstanding in the principal
amount of $610,000, maturing in numerical order on August 1 of each
year in the years 1965 to 1989, inclusive, (herein called "Outstanding
1959 Certificates"), its Utility Revenue Certificates,, Series of 1960,
dated August 1, 1960, now outstanding in the principal amount of
$570,000, maturing In numerical order on August 1 of each year in the
years 1965 to 1990, inclusive, (herein called "Outstanding 1960 Certifi-
cates"), Its Utility Revenue Certificates, Series of 1962, now out-
standing in the principal amount of $1,060,000, maturing in numerical
order on August 3. of each year in the years 1965 to 1984, inclusive,
(herein called; ;,"outstanding 1962' Certificates.") 'an'd,if'p.. Utility Revenue
Certificates, Series of 1964, dated August 1, 1964, now outstanding
in the principal amount of $975,000, maturing in numerical order on
August 1 of each year in the years 1966 to 1989, inclusive, (herein
-3
Ord.' X1058
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F •3; .,tip +?; ?.',s.': ?,.? ':1 .,. .H
'-i..r??ti+i .•ti[K.Mi? X. i+- : •r• r? r ..• r . _ ''r ?Jt' .,....... ,........rr?.s--•••
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.fir;- ..:},1,??.•'1.••«F.y'S'i^:_s+4?C"`i?1{?,.=y,.J•;,,.^?,n4; '- -_ a, ! .,
'Y .,. : L. ? ".s:;y-r?S=•• Vii' •t='"e f' ,-+°'e ?y .t? 5
w%a??i..°.u ..fad i.:t.1, :._.:.?a'.5. 1' :>. •., .»tt; i3'..... ,i?'..?a;' .:i?. .v.,t`"hx:?eiS it=JY?'k.'µ5 zs.?.rL'€?rr?z 4:`??il?.. AA14M.
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called "outstanding 1964 Certificates") which by their terms aro
payable from and secured by a lien upon and pledge of the revenues
derived from the operation of the aforesaid System, in the menner
provided in the Original Ordinance, and in each of the ordinance3
authorizing said Outstanding 1956 Certificates, said outatanding,
1959 Certif'icates', said Outatanding 1960 Certificates, said
Outstanding 1962 Certificates, and said Outstanding 1964 Certificates.
(C) That said Original Ordinance, in Section 3.04 (x)
thereof, provides for the issuance of pari passu additional Certificates
under the terms, limitations and conditions provided therein.
(D) That the average annual Net Revenues of the aforesaid
System (as such term is defined in the Original Ordinance) during the
preceding two (2) years is $928,? 51.00, 1 O-Q .s' -1 7 9 7 CSR. z.-r/0
(T) That the Certificates authorized to be issued pursuant
to this ordinance shall be on a parity with and rank equally ad to
lien on and source and,security for payment from the net revenues of
the System and in all other respects, with said Outstanding 1955 Certifi-
cates, said Outstanding 1956 Certificates, said outstanding 1959 Cer-
tificates, said Outstanding 1960 Certificates, said Outstanding 1962
Certificates and said Outstanding 1964 Certificates.
(F) That the City is authorized to issue the Certificates
authorized herein as pari passe additional certificates within the
authorization contained in Section 3,04 (K) of the Original Ordinance.
(G) That the aforesaid System shall be improved and ex-
tended substantially in accordance with the plans and specifications
prepared by Briley, Wild & Associates, Consulting Engineers of Daytona
Beach, Florida, which said plans and apecificationa have heretofore
been filed in the office of,the City Clerk, all at an estimated cost of
not exceeding $1,250,000. Such cost shall be deemed to include the coat
of the construction or acquisition of extensions, improvements and
betterments to said System, including large diameter water trans--
mission maYns, additional high service pump and standby gasoline
Ord. #1.058
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f (??.?,f? ..y4?:y f?:^M ii,.?;f,•' tits ''is? ,. "(%?.£.}.•iN=."s•:r .t.. ?... .,? i,i'S`Y,w4. ??ryX w. ! ?? } h °S ?i?.i"?H§rFe;"v?rw r. ?i +i
?+•c?y'1L1,r{?r'j4: `; 7a6 ,.r,??;tt??' 'i<4r ;,}yS rf?l`•`4,'„LY .ti'ti: ?=.:t;• „'ji:: i'•}y:?"1,?K??' ??•.4' •v ?#'; ?al?,1? ??i ??''. ??i !.yo?'.?.; ;). ",?. ?,,. ? }`f
., h• wl 7 '{ ''lr `RJR .`3''f~?L •.,
s? sCq? 5 i , w ny, °,TA
' :#+, f..?' Ta °? •"tea S; % a 3#,.t{::.
engine, three new deep water wella,, a new metering station,
in elevated steel water storage tank, a centralized radio
operated control center, new gravity lines, new water a
' main and extension of large diameter interceptor sewer,
i and including the acquisition of any lands or interest therein and " .
of any fixtures or equipment or properties deemed necessary or con-
,,; --
' venient therefor, interest upon the Certificates issued pursuant-to
r. this ordinance prior to, and during and for six months after the
Y completion of such extensions, improvements and betterments,
engineering and legal expenses, expenses for fiscal or financial
advisors, expenses for estimates of costs and of revenues, e_
It :4,
•` .v ; `; ?f.•t4=a!4::ti a`.r" 'mod.' .
penses for plans, specifications and surveys, administrative ex-
penses and such other expenses as may be necessary or incidental
to the financing authorized by this ordinance.
(H) That the estimated revenues to be derived from the
operation of said System will be more than sufficient to pay all oper-
ation and maintenance costs of said System and to pay the principal of
and interest on the Certificates herein authorized and'the principal
of and interest on the outstanding 1955 Certificates, on the Outstand-
ing 1956 Certificates, on the Outstanding 1959 Certificates, on the
Outstanding 1960 Certificates, on the Outstanding 1962 Certificates,
and on the Outstanding 196+ Certificates, and all sinking fund,
reserve and other payments provided for in this ordibance,'in each
of the ordinances authorizing the Outstanding-1964 Certificates,
the Outstanding 1962 Certificates, the Outstanding 1960 Certificates,
the Outstanding 1959 Certificates, the Outstanding 1956 Certificates,
and in the Original Ordinance, and that it will never be necessary
or authorized to levy taxes on any real property in said City to
pay the principal of or interest on any of the Certificates to be
issued pursuant to this ordinance, or to make any of the reserve,
Ord'. 41058
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sinking fund or other payments provided for in this ordinance, and
` that the Certificates issued pursuant to this ordinance shall not
"I constitute a lien upon any part of said System or upon any other
property whatsoever of the City.
?.? 1.03. ORDINANCE TO CONSTITUTE CONTRACT. In consideration
of the acceptance of the Certificates authorized to be issued here-
P... under by those who shall hold the same from time to time, this ordi-
Hance and the Original Ordinance shall be deemed to be and shall con-
stitute a contract between the City and such Certificateholders, and
r the covenants and agreemento Bet forth to be performed by said City
><2+? ??._±±±:,,,•}?L;???,,,'''... ;??`E shall be for the equal benefit, protection and security of the legal
holders of any and all of said Outstanding 1955 Certificates, said
;?-'?,?? Outstanding 1956 Certificates, said Outstanding 1959 Certificates,
said Outstanding 1960 Certificates, said outstanding 1962 Certificates,
said Outstanding 1964 Certificates, and the Certificates issued here-
under, and the coupons attached thereto, all of which shall be of
1
4j(•4 ? I ,
equal rank and without preference, priority or distinction of any
;. of the Certificates or coupons over any other thereof, except as
`eta' ?d
w, r expressly provided therein and herein.
i x4. DEFINITIONS. That all of the definitions and terms
contained in the Original Ordinance shall have the same meanings
r 4
ascribed thereto in the Original Ordinance and shall apply fully to
this ordinance and to the Certificates issued hereunder.
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Ord.#1058
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Y ARTICLE TT r x r'A¢,I ?. •5', Yft ?d>
2.01, AU%ORIZATION OF CERTIFICATES. Subject and pursuant
,4a to the provisions of this ordinance and the Original Ordinance* obli-
gations of the City of Clearwater, Florida, to be known as ""Utility
Revenue Certiticates, Series of 1965".. are hereby authorized'-to-'he • , ;
issued in the ageegate principal amount of not exceeding•,One Million
X Two Hundred Fifty Thousand Dollars ($1,250„000)0, four-the. purpoee-'ofefinint-
.: ing the coat of the improvements to the System as provided in Section
?: 3.42 (a) hereof.
... .. =•' ??' :?' .
2.02. DESCRIPTION OF CEkiTIFICATFS. The Certificates shall
?:L;-f'??:_.." ?;°,•;•
to •s i a .. .. ,;'".'?••,,,` 7,aw•::fV;S
l'4 ? ?y e?, ifs F>l N7r;'
'??%??Qy[? ?{ sfw?: r? •• Sc} •s5,,t3s•,3!3. ..?ti.7,.
,' k .. r r'i ; f r
'=?? ? ,d ?'?•'' S be dated August ]. 1965; shall • be in the denomination, of $!5.,000 each ????,?'? ?1???} °??,? ?''. ,k•
shall.be numbered from 1 to 250, inclusive; shall bear interest at k x ?l ' x111
-1. 411q
'x E5 a rate or rates, not exceeding the legal rate, to be determined upona
;..t,C: the sale thereof, payable semi-annually on February 1 and August 1'
;,? >4•? of each year, and shall mature serially in numerical order, lowest r
numbers first, on August 1 of each year, in the years and amounts as
?p5 .6
follows e.
f t Year Amount Ye ar Amount ;
`:r d 1967 $350.000 19 9 $?j0,000
x^w.. ' 19668 35, ooo 19 5 3 O
"h?13 1969 35, 981 5, 00 0 s
1970 40,000 1982 55,000
F' 1971 40,000. 1983 6o, ooo
1972 4o, ooo 1984 6 0, 000 a
_1973 4o,ooo 1985 65,000 ., :..
tt yax 1974 45,000 1986 65s000 .. 1975 45POOO 1987 70oOOO
.
a. f? •,3 1976 45s000 1988 70,000
L.. ?.'
1977 50, 000 1989 ' '700000
}` f'
1978, 50, 000 1990 752900
•t R F? air
i•s, ?ygw ? ? 1 `•
' Said Certificates shall be issued in coupon form, shall be
payable with respect to both principal and interest at the principal
office of The Chase Manhattan Hank, New York City, New York, in lakful
money of the United States ok America, and shall bear Interest frdil
their date, payable in accordance with and upon sut'render of the appur-
tenant interest coupons as they severally mature.
-7., ?.
._;..' '. -""Ord .•#J.(158... .. ,.- .. .. ..w _. .. : ... °... _ ..._.....,.._.... .. .. . _....... •. _., ?,',?
'f".t )f?`?SL,'•:r `d`. •. ix.'rP,n, .?in:•:'•:l' .5' .. ' 1 ., „ .. .,''':'l,: i.. r
..... , 7, r ? E,i:iS:"x.h': •r
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The Certificates maturing in the years 1976 to 1990, inclu-
sive, shall be redeemable prior to their respective stated dates of maturity, at the option of the City, on August 1, 1975, or-on any
interest payment date thereafter) in whole or in part, but in inverse
numerical order if less than all, at par and accrued interest to the
date or redemption, plus the following premiums if red
eemed at the
following times:
Three per cent of the par value thereof if re- =cU- i f''?r `+'-` y
deemed in the years 1975 to 1979, inclusive; L=yy4;;`"±x,_',
Two per cent of the par value thereof if re-
deemed in the years 1980 to 1984, inclusive; and
One per cent of the par value thereof if re-
deemed in the year 1985 or in any year there-
after prior to maturity.
Notice of such Intended redemption shall be given at.least r}"
once not less than thirty (30) days prior to the redemption date i'
by publication in a financial paper published in the City of Newt!
York, New York. Interest shall cease on any of the Certificates ,
duly called for .redemption, on the redemption date, if payment there- ?
of is duly provided for.
2.03. EXECUTION OF CERTIFICATES AMID COUPONS. Said-Certifi-
cates shall be executed in the name of the City by the City-Clerk
and its City Manager and countersigned by the,Mayor-Commissioner and
shall have imprinted, impressed or reproduced thereon the corporate
seal of the City or a facsimile thereof, and said Certificates shall
be approved as to form and correctness by the City Attorney. The `'.
facsimile signatures of said City Clerk, City Manager, Mayor-Commissioner c r''
and City Attorney may be imprinted or reproduced on said Certificates,
provided that either said City Clerk,, City Manager or Mayor-Commissioner
shall manually apply his signature on said Certificates. In case any `
one or more of the officers who shall have signed or sealed any of
the Certificates shall cease to be such officer of the City before the
Certificates so signed and sealed shall have been actually sold and
-8-
Ord, #10.58
E' t SY3
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1
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Al
f
- •{.+ ^1^ q i?i-ty;.: '•'.1,R"t?rrc' 3'•-.tt: ,ter ...,; . y.• '> h
.,,"4111jy Yk .I^.
' •r5 r•.`?k,y :tc..r`p.vr,`?t yvvNykk.g:ro.?'n},..??. 1
delivered, such Certificates may nevertheless be sold and delivered Z t."
as herein provided and may be issued as if the person who signed or "'.•,•
sealed such Certificates had not ceased to hold such office. Any-
Certificates may be signed and sealed on behalf of the City by such
personas at the actual time of the execution of such Certificates
shall hold the proper office in the City, although at the date of such
Certificates such person may not have held such office or may not '.a==
.;:.; s' l•< 1..Fr
?°.: , ?;"??.5, _, •:?:,..:; Y?I;.1=-?t:t?.,, ,.,
have been so authorized.
'? ± ?< 5:f Mfr l; v)r,.
The coupons to be attached to the Certificates shall be
the facsimile signatures of the resent or any
future Mayor-Commissioner, City Manager and City Clerk of said City,
and the City may adopt and use for that purpose the facsimile signature
of an person who shall have been such Ma or-Commissioner or City
Manager or City Clerk at any,time on or after the date of the Certifi-
cates, notwithstanding that he may have ceased to be such official
at the time when said Certificates shall be sold and delivered.
2.o4. FORM OF CERTIFICATES AND COUPONS., The text of the ,
Certificates and coupons and provisions for registration shall be of '
substantially the following tenor, with such omissions, insertions ?,•. , i ?y
and variations as may be necessary and desirable and authorized or ? ;??, , ?_• ;' ?_ .
permitted by this ordinance or any subsequent ordinance adopted prior
.3
to the issuance thereof. Said Certificates shall be registerable,
replaceable and negotiable in the manner and to the extent provided
In the Original. Ordinance. ? ?. .
t • •.Y jai ? >e? i i
C =x
e ? a rte:,'. f
Ord.#1058
{{{?ik;; •Q;t4%?s::i" tl. 15F,r t. y:." Rre..y
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S
No. UNITED STATES OF, AMERICA $5,000
STATE OF FLORIDA
COUNTY OF PINE LLAS
CITY OIL CIEARWATER
UTILITY REVENUE CERTIFICATE, SERIES OF 1965
KNOW ALL MEN BY THESE PRESENTS, that the City of Clearwater
in Pinellas County, Florida, for value received, hereby promises to
pay to the bearer or, if this Certificate is registered, to the regis-
tered holder as herein provided, on the first day of August, 19 ,
from the revenues hereinafter mentioned, the principal sum of
FIVE THOUSAND DOLLARS ($5,, 060)
with interest thereon at the rate of 'per
centum per annum, payable semi-annually on the first day of February
and the first day of August of each year, upon the presentation and
surrender of the annexed coupons as they severally fall due. Both
principal and interest on this Certificate are payable at.the prin-
cipal office of The Chase Manhattan Bank, New York City, New York, in
lawful money of the United States of America.
This Certificate is one of an authorized issue,of Certifi-
cates in the aggregate principal amount of not exceeding 1,250;000,
of like date, tenor and effect, except as to number and date of maturi
ty, issued to finance the cost of the acquisition and construction of
various improvements and extensions to the combined system of utility
properties supplying water and sewer services for the City of Clear-
water, under the authority of and in full compliance with the Con-
stitution and statutes of the State of Florida, including the Charter
of said City and other applicable statutes, and.ordinance s duly enacted
by the City Commission of said City, and is subject to all the terms
and conditions of said ordinances.
The Certificates of the issue of which this.Certificate is
one maturing in the years 1967 to 1975, both inclusive, are not redeem-
able prior to their respective stated dates-of maturity. The Certifi-
cates of said issue maturing in the years 1976 to 1990, both inclusive,
are redeemable prior to their respective stated dates of maturity, at
_10-
Ord. #1058
?r Wns?MwC+`'!"'Y!^K'?'LS J.•f i+ ? w M r + _. ? r _ _. _ _.- L^ mow..,:..?- --- _ -
3 ?9
?, F•S'i7 a,??-its ?E.?1 ?1l il.?.i'?gF+: ?'x ?.
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1?? . i .... _wfr^?a.,4?3??`''1-{ei'`?ir •?'r.?rd3'3.?ifi?????
40A
M,
01111X-11?--. I.
't'he option of the City, on August 1, 1975, or on any interest payment
date thereafter, in whole or in part, but in inverse numerical order
if lees than all, at the price of par and accrued interest to the date
of redemption, plus the following premiums if redeemed at the follow-
ing times:
r
Three per cent of the par value thereof if
redeemed in the years 1975 to 1979, inclusive;
Two per cent of the par value thereof if redeemed
in the years 1980 to 1984, inclusive; and
One per cent of the par value thereof if redeemed
in the year 1985 or in any year thereafter prior
to maturity.
Notice of such redemption shall be published at least once
at least thirty days prior to the date of redemption in a financial
paper published in the City of New York, New York. Interest shall
cease on any of the Certificates duly called for redemption, on the
redemption date, if payment thereof has been duly provided for.
This Certificate and the coupons appertaining hereto are pay-
able solely from and secured by a lien upon and pledge of the net reve-
nues derived from the operation of the utility properties of the City
supplying water and sewer services in the manner provided in the
ordinance;authorizing the issue of Certificates of which this Certifi-
cate is one. This Certificate does not constitute an indebtedness of
said City within the meaning of any constitutional, statutory, or charter
provision or limitation, and'it is expressly agreed by the holders of
this Certificate and the coupons appertaining hereto that such holders
shall never have the right to require or compel the exercise of the
ad valorem taking power of said City or the taxation of real estate in
said City for the payment of the principal of and interest on this
Certificate, or the making of any sinking fund, reserve, or other pay-
ments provided for in the ordinance authorizing this t7 Certifi-
cates. It is further agreed between the-City of Clearwater and the
holder of this Certificate that this Certificate and the obligation
evidenced hereby shall not constitute a lien upon the Cityte utility
-ll-
Ord.#1058
3
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,? ?} , sf?;-Jx ? • ? cX -?.. oViJ ;., 0. +?.v'?,'?'.*1. , [ .`•^.'?•g. k I I'N, 7•'7.
'Fa i." a" ;:' ?:^`X•..:37.. :•Jt??_.f i ie • -_ . a.' 'y .? y , ['_•_ ~' •4?T' .C•'%- ''$? i
• ?f• ,fiL x .t2 N 9 .?b,i,}•' .i.s. f,^eY?I' 'k z'`
4.'irri}„ y r :rr C
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`, s } ? .•J x r'x. 'i 3 ? S?"+?,?,a.? ty%?r ^'y.bF s k ?1:?? ;!i •9 I•S Get Y• ,<
•+? {}??'fs?i"•?*;? ?,-Y,?ri:fl^7?:, ?ru'S;,f?v','`Ct y'?.'li?!.9' r?L" ?s ' ? }?.R? .35?`.• `? y
?F '??x -t N•ltrs'44, a ? 'r: ' R {t?;.{,t' .., s•R .?,s? s' ?
i :?? . ?+ 'L ?'}„J .(a J?'S?_xhyy a'1, ?;??' r? `? rS ?J..'.barl ax S' p??. ??•
v -? ?.r t4:S` •Y.. ': N. lt'; Grl _g •Y a v.?s r'':'1' t ?5;?•FLL:.w•.?ti
j
b '
u?
t properties, or any part thereof, or on any other property of or in the
. g City of Clearwater, but shall constitute a lien only on the net revenues
derived from the operation of said utility properties supplying water
x` and sewer services in.the manner provided in said ordinance.
The Certificates of the issue of which this Certificate is one
Tl '! ? ?` a •M
are on a parity and rank equally as to lien on and source and security
for payment from the net revenues of the aforesaid utility properties
':Ii A) Va
fi f 7 r
of the City and, 'in all other 'e spects, with outstanding certificates
of an original issue of 1,500,000 Utility Revenue Certificates, Series
?k`-•' ; of 1955, dated August 1, 1955; with outstanding certificates of an
original issue of $2,000,000 Utility Revenu6 Certificates, Series of
i,4 44
1956, dated August I, 1956; with outstanding certificates of an original
?. ^.. .i?'•'?'.iJii Yfi ,Ft'c• ' >t"'•{.E: }:?,.'J=.;. r; ? ii
; iL Mj issue of $630,000 Utility Revenue Certificates', Series of 1959, dated
August 1 1959 with outstanding certificates of an original issue of
?,'1<:??}vFt!.????r•T: iY5?4;V?i ..1SV?Y. F,t it
t'S;:r a ,:;{:ta t., •?°\?r
$600,000 Utility Revenue Certificates, Series of 1960, dated August 1,
'S a 1960; with outstanding certificates of an original issue of $1,.100,000
J.. ,. ?'°•1''a' ' ``'"`,???` Utility Revenue Certificates, Series of 1962,-dated August 1, 1962; with
FFn ?. ,
Routstanding certificates of an original issue of $975,000 Utility Reve-
'
;L•:?'> + r ?}, nue Certificates Series of 1964, dated August 1 1964+ and any other
pari p
?"` , ???;,-•;?. assu certificates hereafter issued by the City payable from the
net revenues of said utility properties under the terms, limitations
•'?11k'?, and conditions contained in the ordinances which authorized the issuance
azrr of said $1,500,000 Utility Revenue Certificates Series of 19F
, _5, said
$2,000,000 Utility Revenue Certificates, Series of 1956; said $630,000
i41 r ir.. , }.
•' - {?`* ;.. Utility Revenue Certificates, Series of 1959; said $600,000 Utility
?i•yyyy }?xx - '
hs
Revenue Certificates, Series of 1960; said $1,100,000 Utility Revenue
''•' I« t'++t7a.`L`, Certificates, Series of 1962, and Said $975,000 Utility Revenue Certifi-
'.y ?tl cates, Series.of 1964.
?' Ana{r The City, in said ordinance, has covenanted and agreed with
F£ r the holders of the Certificates of this issue to fix and establish and
?- maintain such rates and collect such fees, rentals, or other charges
tt
for the services and facilities afforded by the City's utility prop-
erties supplying water and sewer services, and to revise the same
-12-
Ord.#1058
' 307
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3 • 'til t?i\ F? ' ,y ?17v ..?.,•. •-
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II 7 ?. it .k•.
>.... .. ?z'? w xs;.:..: 4:1'.l?.;t ti:,??'s;;,... ? : i ?.`? r ?: r }' i;'`t•;;1.1:;*idti'.t?i?;?,?:e?,i????
.0 .1
from time to time whenever necessary, as will always provide revenues
sufficient to pay., and out of said revenues shall pay, as the same
become due, the principal of and interest on the Certificates of this
issue, all reserve or sinking fund or other payments provided for in
said ordinance, the necessary expenses of operating and maintaining
said utility properties, and all other obligations payable out of the
revenues of said utility properties; and that ouch rates, fees, rentals,
or other charges shall not be reduced so as to be insufficient to
provide revenues for such purposes; and said City has entered into-cer-
tain further covenants with the holders of the Certificates of this
issue for the terms of which reference is made to said ordinance.
It is hereby certified and recited that all acts, 'conditions,
and things required to exist, to happen, and to be performed precedent
to and in the issuance of this Certificate exist, have happened, and
have been performed in regular and due form and time as required by
the Laws and Constitution of the State of Florida applicable thereto,
and that the issuance of this Certificate, .and of the issue of Certifi--
cates ct which this Certificate is one, is in full compliance with all
constitutional, statutory or charter limitations or provisions.
This Certificate, and the coupons appertaining hereto, is
and has all the qualities and incidents of a negotiable instrument under
the law merchant and the Negotiable Instruments Law of the State of
Florida, and-the original holder and each successive holder of this
Certificate, or of the coupons appertaining hereto shall be and have
all the qualities and Incidents of negotiable instruments under the
law merchant and the Negotiable Instruments Law of the State of Florida.
The original holder and each successive holder-of-this Certificate, and
of the coupons appertaining hereto, shall be conclusively deemed to
have agreed and consented to the following terms and conditions:
(a) Title to this Certificate, unless registered as herein
provided, and to the annexed interest coupons may be transferred by
Ord.#1058
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4
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r}(?j?.?1???"'R"hikeaa!'?,•.a'?„"'?"?rr,,ss3p.•rry?ryyF.« •.?]rgLwk?y'Y,e?7kjF,e?;?ifi?•?';?{'?.s..?tn'??
- .-,?.x >s+:a_..,_. •.?:?Fi?,ie,ti'='i'..`?;?:.k4..5T'?(?3=4x+x,?:':li?lhw'??u:.,?:•`..1,?y'Y +?•?:?4?
,tip '?p??:: :y:• ?'?? ?? -?<;:.?
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,
`r• ? r d
•'; delivery in the manner provided for negotiable instruments payable to
,r bearer in the law merchant and in the Negotiable Instruments Law of ?S'
?._a. the State of Florida.
(b) Any person in possession of this Certificate unless
A 1
. m registered as herein provided, or of the interest coupons hereunto
appertaining, regardless of the manner in which he shall have acquired
possession, is hereby authorized to represent himself as the absolute t
i ,, ; „ , r, ?; ?_„• owner hereof and is hereby granted power to tranarer absolute title .: ; ,ry,,:.,, ,•; ,r,Tt., '• +
?'' rF?:+15 Y'. hereto by delivery hereof 'to a bona fide puxchaser
that is to an Y=; ?•w'••f? x r +.{?see,,. ?•
i t+?s ,sr? U r r, s s,•rl ,?i T•':,?r'"??.3?? t?i.',
'_'?•_:! ,az?.frf?``;.fqu???r??t? ??,??`? t>?• one who shall purchase the same for value (present or antecedent) •;':i??-?„F??;,J?-';}'1:.yt5;?.'?' }?;` ??•?;
.1 r(lA,ti, byjl .f..?h' tSt y,?c !?„ ?.;1 :,, 6i•. }r,?l•.'?`?T ?;a'?'{s ?t„!?, r
;', • :a ',rrF•3 ?t ?' ?' 'r4;' r? z;`;=b-t13a<t ;; :•. t?;`;7•?• ? ' +
without notice of prior defenses or equities or claims of ownership `;{?;:y::n.z;?,*` ? r??:?????y??`.•
i!"n''y?±,'4?S?I,t? t}r3 }?vh.'y. '.Y a.?i?94?L,'' i,i???.'.'?T,,•.
r, ?: ?C;? tw 1 i1;Lti`• J?, ,•y •• ,? f ?; i ?wf, ?a,?F,?,y`3? ?a 7,
,1 L7 ff?"1 ?- r`
enforeable against his transferrer; every prior taker or owner of
d t tf: ?;.s-,?r.4! "t'?a; r.•:?:=;rr? .S i+F''»?i??,sr'r1"?ef? ?`
".? ,;1,._X;:,, this Certificate, unless registered as herein provided, and of the
r,?s..{=7?s??`jE_:?'•? annexed interest coupons, waives and renounces all of his equities .? r +
t'•,,r T+jti'''t""c.1•??'„-'rye}.. y .£S,sy;
and rights herein in favor of every such bona fide purchaser and every
such bona fide purchaser shall acquire absolute title hereto and to 4
+'` rtiM}t'.? all rights represented hereby; and
(c) The City of Clearwater, Florida, may treat the bearer
of this Certificate, unless registered as herein provided, or of the
,,1; ? ?„????a??? •-t interest coupons hereunto appertaining, as the absolute owner hereof
7's `I=, for all purposes without being affected b an notice to the contrary.
,,'?N ?'.'•.. r ';, ..
This Certificate may be registered as to principal only, or tit
y r;.t as to both principal and interest in accordance with the provisions
• '? F"i?;i ??6'gF?' q t??v k 4 ? 1• ?y
endorsed hereon. w,
'•4 ;:}.,•t:l i !?« ?'??I TSh, i+?f't'Cr. yjY - T.;.« 1
> TLS 1;' ? ?`z IN WITNESS WHEREOF, said City of Clearwater, Florida, has '`' 4F fv
f_ issued this Certificate and has caused the same to be executed by ,•°
k:kt{-' ?` the manual or facsimile si naturesof its City Clerk and City Manager
-`' and countersigned by the manual or facsimile signature of its Mayor-
Commissioner and approved as to form and correctness by the City
Attorney by his manual or facsimile signature and its corporate seal,
ti ?or a facsimile thereof, to be affixed hereto or imprinted hereon, ,
and has caused the interest coupons hereto attached to be executed
.i
fi
i
Ord. #x.058
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Fe T ,UDR. 3•r»-.+ :.r•• ` r, .i.rcTafw•••s -..t.., .,r•,;. o> >'i, 'a rt?rs.., r:rs H,
Y,?. f?iy... t•,y >?,3° •..i Yi Z •.i 1,: ',1 '• ' ' •?
_'i1,YiF:*,«i'!?•li."",11t.rr'./+.r '•rr wr-?-, r ti••:i____.-............,,.?..._-....,...»..«....r. .... ?,..?..,..?.. ..
y. ? u i. s Y Fi ?. •..,
s
' ,k s
with the facsimile signatures of said City Clerk, City Manager, and
Mayor-Commissioner, all as of the first day of August, 1965.
CITY OF CLEARWATER, FLORIDA
By
City Clerk
Countersigned:
Mayor- omm ss oner
Approved as to form and correctness:
City Attorney
FORM OF COUPON
No.
On the first day of 19 , the City of
,Clearwater, Florida, will pay to the bearer,•at the,principal office
of The Chase Manhattan Bank, New York City, New York, in lawful money
of the United States'of America, from the revenues described in the
Certificate to which this coupon is attached, the sum of
Dollars upon presentation and
Surrender of this coupon, being six months' interest then due on its
Utility Revenue Certificate, Series of 1965, dated August 1, 1965.
CITY OF CLEARWATER, FLORIDA
By
City Clerk
ayor - omm ss oner
By
City Manager
{To appear only on coupons on callable Certificates:
'unless the Certificate to which this coupon is
attached shall have been duly called for prior
redemption and payment thereof duly provided for."}
-15-
Ord, 01058
M- P1
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d iY..:?`Z tJ.: '? ? '?`•? 7 ' i':r;.f I ?- ? !. ? . ' ?' ? .C.',`,.`t?.
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MWAI
By
city manager
,?
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? ?'?.;' .:\ {= »•$aG;', x..R. .?: }? i?...?Fl'.:'..'4? h a',fr}'-??p nw °' ' Tp?3?-..: ?1' •??s: t
f . ?' •1 ._ 't:.`.*' fit'+? ?.f t-?' ??'hyr ? ? Q?
??? Y L. ??= +?C ,. !• .. e fg? ,r R if*w'ty?^ ?..e: j.FS `.
k
FORM OF VALIDATION CERTIFICATE
(I I I n??
Thin Certificate is one of a series of Certificates which
were validated and confirmed by decree of the Circuit Court of the
Sixth Judicial Circuit of Florida, in and for Pinellas County, rendered
on the day of , 1965.
CITY OF CLEARWATER, FLORIDA
By
City Clerk
By
City Manager
Mayor-Commissioner
PROVISION FOR REGISTRATION
This Certificate may be registered in the name of the holder
on the books to be kept by the City Treasurer as Registrar, or such .
other Registrar as may hereafter be duly appointed, as to principal only,
such.registration being noted hereon by such Registrar in the registra-
tion blank below, after which no transfer shall be valid unless made•
on said books by the registered holder or attorney duly authorized hnd
sifiilarly noted in the registration blank below, but it may be discharg-
ed from registration by being transferred to bearer, after which it
shall be transferpble by delivery, but it may be again registered as
before. The registration of this Certificate as to principal shall
not restrain the negotiability of the coupons by delivery merely, but
the coupons may be surrendered and the interest made payable only to
the registered holder, in which event the Registrar shall note in the
registration blank below that this Certificate is registered as to
interest as well as principal, and thereafter the interest will be re-
mitted by mail in New York exchange to the registered holder. With
the consent of the holder and of the City of Clearwater, this Certifi-
cate, when converted into a Certificate registered as to both principal
and interest, may be reconverted into a coupon Certificate and again
converted into a Certificate registered as to both principal and in-
terest as hereinabove provided. Upon reconversion of this Certificate,
when registered as to principal and interest,into a coupon Certificate,
coupons representing the interest to accrue upon the Certificate to
date of maturity shall be attached hereto by the Registrar and the
Registrar shall note in the registration blank below whether the Cer-
tificate is registered as to principal only or payable to bearer.
DATE OF IN WHOSE NAME MANNER OF SIGNATURE OF
REGISTRATION REGISTERED REGISTRATION REGISTRAR
Y
•
-16-
Ord,#1058
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`.?.°=1i,1??es v, >??"e. .i••: ?;??c4?':y?5? iiy;;. ??.?l.?,#%?.:??','i. ?'{=^,:? ??i, ?i?a p?,:?si;T?(=e: ''- ,4' .r? .,'!i;`.;."^ '?r:.
k!:ff•;a?.:'?r:ts:h{34!'c"?^?5?'?+,'^.f #i.'4.7.,'Yi FSf?"t4??#P: ":l'?.`: a'":..: °:•. :: fit'..>; .;.r.: fir! '?•, ?j`cd,
Ya ? s.z. a1•"f¢Li ?. x,_. rf?r,??::z14; .t.tF.i._ ?-iAY??TSn?jk,?
-17-
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ARTICLE III
SECURITY OF CERTIFICATES
3.01. CERTIFXCATr-Z ON PARITY WITH OUTSTANDING UTILITY
REVENUE CERTIFICATES. The Certificates issued pursuant to this ordin-
ance shall be on a parity with and rank equally, as to lien on and
source and security for payment from the Net Revenues of the System
and in all other respects, with the outstanding Utility Revenue Cer-
tificates, Series of 1955, dated August 1, 1955, issued'pursuant to
the Original Ordinance, the outstanding Utility Revenue.Certificates,
Series of 1956, dated August 1, 1956, issued pursuant to an ordinance
supplemental to said Original Ordinance, the outstanding Utility Revenue
Certificates, Series of 1959, dated August 1, 1959, issued .pursuant to
an ordinance supplemental to said Original Ordinance, the outstanding
Utility Revenue Certificates, Series of 1960, dated August 1, 1960,
issued pursuant to an ordinance supplemental to said Original Ordinance,
the outstanding Utility Revenue Certificates, Series of 1962, dated
August 1, 1962, issued pursuant to an ordinance supplemental to said
Original Ordinance, the outstanding Utility Revenue Certificates,
Series of 1964, dated August 1, 1964, issued pursuant to an ordinance
supplemental to said Original Ordinance, and any pari passu additional
obligations hereafter issued pursuant to and within the terms, limita-
tions and conditions contained in Section 3.04 (K) of the Original
Ordinance.
3.02. CERTIFICATES SECURED BY ORIGINAL ORDINANCE. The
Certificates authorized by this ordinance shall be deemed to have been
issued pursuant to the Original Ordinance (to which this ordinance'is
supplemental.) as fully and to the same extent as the Utility Revenue
Certificates, Series of 1955, dated August 1, 1955, originally issued
pursuant to said Original Ordinance, and all of the covenants and
agreements contained in the Original Ordinance shall be deemed to have
been made for the benefit of the holders of the Certificates issued
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0-11--l-
pursuant to this ordinance,the holders of said Outstanding 1956 Cer-
tificates, the holders of said Outstanding 1959 Certificates, the holders
6T.
f of said Outstanding 1960 Certificates, the holders of said Outstanding
Y4s
1962 Certificates, the holders of said Outstanding 1964 Certificates,
and the holders of any pari passu additional obligations. hereafter
issued within the terms, limitations and conditions contained in
r?
Section 3,04 (K) of the Original Ordinance, as fully and to the same
'•# extent as for the holders of said outstanding Utility Revenue Certi-
ficates, Series of 1955, dated August 1, 1955.
Fqk
Y All of the covenants, agreements and provisions of said
Original Ordinance (except as to details inconsistent with this ordi-
nance) shall be deemed to be part of this ordinance to the same extent
.k:
as if incorporated verbatim in this ordinance, and shall be fully e'n-
??- forceable in the manner provided in said Original Ordinance by any of
the holders of the Certificates issued pursuant to this ordinance.
The Revenue Fund, Sinking Fund, Reserve Account in said
Sinking Fund,and Renewal and Replacement Fund, created and established
A
pursuant to the Original Ordinance shall be continued and maintained
as provided in the Original Ordinance, in the supplemental ordinance
?r.
Fs authorizing the Outstanding 1956 Certificates, in the supplemental
ordinance authorizing the Outstanding 1959 Certificates, in the supple-
st
mental ordinance authorizing the Outstanding 1960 Certificates, in
the supplemental ordinance authorizing the Outstanding 1962 Certificates
and in the supplemental ordinance authorizing the Outstanding 1964
Certificates as long as any of the Certificates issued pursuant to
t
this ordinance, or the interest thereon, are outstanding and unpaid,
}
4 and the payments into said Sinking Fund and Reserve Account•therein
shall be increased by'the amounts necessary and required for the
Certificates issued pursuant to this ordinance, and no preference,
priority or distinction of any kind shall exist or be exercised in
payments from said Sinking Fund or the Reserve Account therein
r
between said Outstanding 1955 Certificates, said,Outstanding 1956
Ord. ##1058
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Certificates, said Outstanding 1959 Certificates, said Outstanding;
1960 Certificates, said Outstanding 1962 Certificates, said ,Outstanding 1964 Certificates, the Certificates issued pursuant to this ordinance,
and any pari passu additional obligations hereafter issued pursuant
?I
1
to the terms, limitations and conditions contained in said Original
r?.
y
Ordinance.
a
Y 3.03. INVESTMENT OF MONEYS IN SINKING FUND . Moneys held
in the Sinking Fund may be invested upon direction of the City, in '' ''' ?•r''w1 ` ` -? '.
? L'=?:????:' ?'`?` ? ? , ?,? ?
?ct};?.?"?
direct obligations of the United States of America which mature not
' later than January 25th or July 25th next succeeding the date of such <
investment; provided, however, that such investments shall mature not
later than the time when moneys-in the Sinking Fund are required for '
the purposes for which said fund was created. All income or increment.
derived by the City from the investment of moneys in the Sinking Fund
' shall be deposited into the Reserve Account in said Sinking Fund.
i
-l9W
Ord.#1058
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'!?. :t:[$"e Rr ?- ?. .} .: i.}';,'r 'sr•?• w`r .•-1 eri''?? 'ST t•W,
fN t"t`•.}4r i$?;r 1!!'5. ,,. n, T.? M` i'b •: ,• • Y
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ARTICLE Iv
:J . „,• .; ??.,•
' APPLICATION OF CERTIFICATE PROCEEDS
pis'}° f
s 4PROCEEDS. All moneys
.Ol . APPLICATION OF CERTIFICATE `;? . , f',. ,.,;•
or all of the Certificates authorized
`.': ?,•:X'•;??.??.?":'};'
sale
received from the of any
this ordinance shall be disbursed and applied
and issued pursuant to
as followst
of the
upon the delivery `F.
ed
? .
eceiv i'
e ed :Interest
-
All accrued
a)
shed
the Sinking Fund established pursu-
e
( Certificates shall bdeposited in
,hb.i't?r. viii l?3•.., SSL',u,'..?`l1~:i 1
.. ant to the original Ordinance.
certificates
e of the ..?i,?..?ahy?.;?•,
(b) The balance of the proceeds of sale
4
?x- be deposited by the City in a Construction Trust Fund under the P:,,1€?
;. ;?. shall ;
terms and provisions of a Construction Trust Fund Agreement to be au- ????„ , •' ? ? ?e ?.
. thorized by resolution of the City Commission and shall be disbursed ?
•?? payment of the costa of extending, improving
and applied toward the t
to the System, as authorized by this ordinance, upon the
and adding. t?
F
={ ? terms and conditions applicable to the withdrawal of moneys from said
a g"
Construction Trust Fund pursuant to the provisions of said Construction
Trust Fund Agreement.
-20-
., 1
Ord.01058
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y'j?.• }'?p°i•'.t?A+f)iki-?M1`J•R _.. _ ». . - T•,..rG'r. :'}+. ?T7.! _ 5 ? '?i ? ar 3..' ??a =+F? 4 ?:1 1' i
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,ra ?' •.3 ! ? i1 ;o, '>,g i?' r? X la:L .r ,?.? ?`Cr' d":. ?
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•.?. k?,tv.,,?rS:i„? r•1+?' r':;_i".,•fck:5f ':5a ity:"+`.-'? tr.. M'u'?''-gig 1:•.tr?..?. F'?ci? -E?'. Z p
` ' 1'`s,"f'?"?° ,P." 'f•t':.1' ok'h'6'??j'-• 'r }?"?',f::i •?ii" ''r?r :2.:?? ' .i. w>?rn t?1?' {'?+ s??r,?_ff.? ?•?+; '? was. S a?'"1• n. .?
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49
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ARTICLE v
MISCELLANEOUS PROVISIONS
'. 5.01. MODIFICATION OR AMENDMENT, No material modification i'
or amendment of this ordinance or of any ordinance or resolution amends- t
tort' hereof or supplemental hereto, may be made without the consent in f '
x ;ik writing of the holders of two-thirds or more in principal amount of the
Certificates then outstanding, provided, however, that no modification
shall permit a change in the maturity of such Certificates or a reduc-
tion in the rate of interest thereon, or
in the amount of the principal •,.:,.'' .'r ;'
??A?l3? yT 4 h;.l? lY Y v:
obligation or affecting the unconditional promise oft the City , "?-
?-r-iH w'µ 'tr,+•'Y :eryh ?'- •r... rt's'??a.., •; j,w^
$', f?.'a' x? 1 i•?" ?f+:'^;' a ?1 'z'
,+ •'j, C_.: n': St rG t. r •H!'' • i.e.. tr..? w's. UFt Lj. 2jl? 7': r } 7r,<<7,..{i{, i..r•!•„1,1.v f(E's, 5 y
•?'
maintain and collect fees rentals and other charges y'''-•fr:tia 1,,?; '.
?:.- ,, z :?.> r.•. r. ? for the water
;J r ?rr,? S'?s11?4 .Yr.. t`'• r +:'J' ?' S' i; 1
:? ?i.r .{,'`•7i`•J`'7'giti 1;-n':7":?"., {F•?.e?'. ,?1t ,
''•s k-rj-r:,:;I?i- .;2;"-.? ,;,'Y: p..!d '.tfa','.•?, ?' is •?r yFf' {„r'a ' ?''v. t`?:• , x +'. service and sewer service of the System sufficient to the `?:. zr? r ,• .• +
q F==r ?, ? R,,•••• r
??'?'rf :????Y• }?z't ?;: ?,'?? ... a principal
•1?; i:'r"?' ? `.s + s' T7. , # 4'w :'•"l;',:.. ryi?;'.}'y?,>.tt{7r i • • Y•Yr?;?'•' E
"t and interest on the Certificates, as the same shall become due, from ,?• "
-?'•???;=' of ? ???•??' ? ????°?`?
r r' y;
the Revenues of the System, or reduce such percentage of holders of
j [-,l'.( rlf li 4? 3 d?l. r'{ ?r •t."5,???•-:1 fF ?P" ? C?,r.
such Certificates required above"
for such modifications or amendments s??`` ?? ?•
• V;`' _r, s' without the consent of the holders of such Certificates.
.
. ?• ? g t; ? r .s^': tai !
5.02. SEVERAHILITY OF INVALID PROVISION. If any one or?
i t ,f-, y?
more of the covenants
, agreements or provisions of this ordinance ?
i•.J' .'? should be held contrary to any express provision of law or contrary ;f•a
to the policy of express law, though not expressly prohibited, or r! + '
against public. policy, or'shall for any reason whatsoever be held in-
s
valid, then such covenants, agreements, or provisions shall be 'nuil W f •k ? ?''
?•? ? N i! ?? •a 1a 1 L3
and void and shall be deemed separate from the remaining covenants,
'•1Y 4 f?.i??Y;S: `fh T-i: ¢- '?rxtis • ;
r _• '; °A; •- ' agreements or provisions, and in no way affect the validity of all
?.'?r i?'r € y tea ' 7:ii ?? y+ a, ?Y•l?4E Y P ??.?? "Il k???f."r .,?..1??Y
provisions of .s:, •:.i= ; ?r _
;`? ?;Y4T the other
this ordinance or of the Certificates or
rfj r.? ?}??,5 ''exit •? 4 Iti x ,
•?? y r? coupons issued thereunder. y{ r 4t
5.03. ISSUANCE AND SALE OF CERTIFICATES. The Certificates ' Wit;
AN initially authorized to be issued pursuant to this ordinance shall be
issued and sold in such manner and at such price or prices consistent j> { rl,nt
with the provisions of this ordinance, as the City Commission shall
`'k
' hereafter determine.
:"
-21-
Ord. 01O58
1
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• ?t,}?.ifYl.i -•?..? .+r• T.r, .. y.-r.Y,r +•?'t?..'^..,, u%y:-^r-.. - ! :' . ?` . ,•r ; ?•. r i7 .,?.; • - A.?..f .. 1? a 7 • r
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.,>?2 ¢ 'i ? w ?'.s*.K ';,? : r'•'< t, ? ?•, ??7;?,;,:i:;..e:,, - -, }; s; .'•q ' '.Ci r'' :? ??-,. '?}.' +?31?? a ?
. ?,'?• '? Y i£?y???(;23 ?.Ki?''^?,j??' {` % c '??Y. '?-. ?4t?i?"?'??i ?;':.. :t ? ?;??? try i?Mi7 ? •+'?
i
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,?• ?'r-r:. {sir. ?? ?."„':.": s ;; .: .
"' . 5, 04, VALIDATION AUTHORIZED. That pursuant to Chapter 75,
Florida Statutes, the City Attorney of the City of Clearwater, be and he is hereby
authorized and directed to prepare and institute proceedings in the Circuit Court
of the Sixth Judicial Circuit in and for Pinellas County, Florida, to validate and , . ,
,f confirm the issuance of the Certificates authorized by this ordinance and all
. 044
proceedings and actions taken relating thereto.
#' ty` Upon the validation of the Certificates pursuant to such proceedings,
there shall be printed upon each such Certificate prior to the delivery thereof. ,,;;''??x..,,•,;.=xe°<•,?'?;.,?;t:..
111xr, and over the facsimile signatures of the Mayor -Commis uionerCity Manager Y• L'TKti?Y
to=? and City Clerk, a Validation Certificate in the form hereinabove set forth.
±v 5. 05. EFFECTIVE DATE. It is hereby found, declared and
determined that the funds to pay the cost of the construction of the additions,
extensions and improvements to the System authorized herein are necessary + 43
and urgently needed for the preservation of the health, safety and welfare of ?If fi
the inhabitants of the City of Clearwater; that an emergency is hereby declared,
and that this ordinance shall be in full force and effect immediately upon its ;"ta
passage as provided by law. i?
PASSED ON FIRST READING July 6, 1965
PASSED ON SECOND READING July 6'', 1965 ;
z „ . PASSED ON THIRD AND FINAL r :.
' READING AND ADOPTED Suly 6, 1965
L ? ' A S i.` 'F L ?{v ? r
Attest:
Clerk
Ord. 01o'58
:.
77
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•? rdS1.° S^. -\'i' i tip .7 7
AT:
Commissioner
f>
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The Cle11I'Wtltlyr tII1
Published Daily
4.?:•t '?{?''Y.; 't ` Y:=•5?.}„, " Clearwater, Pinellas County, Florida
I; " Ffy 1 :? STATE OF FL08IDA
COUNTY OF PINELLASz
]Before the undersigned authority personally appeared W. Paul Harris, who on
oath says that he is the Business Manager of the Clearwater Sun, a daily newspaper
r phi 4 c`s • : i'. `? ;^ sf't%y'; < published at Clearwater in Pinellas County, F'loridal that the attached copy of
advertisement being a ,NO.tiCe..Qf..P.assage..of..Ordinan.ce........
' t '-' .Tr','.11 •.i •:{ ,r•,. ci,,,{' in the matter of
..................................................
..ORDINANCE.NC.°lad8 ......................................................
.................................................. ...............................
3: S i n` tt'??}f+F ?•J,f r; cr.' . :? ',*r: a_ _
'.................................................... Mzifxwas published In
:. T•Stl}' .i..?•'Tt?.f Iniji'a"jik, :',. •: t1'ii' ?J??'1L
said newspaper In the issues of .July.. 4,.1965................................
Flt' ji.i!#R'??',i?':,';f•'}i-''??il Ari, ....................................................................................
Affiant further says that the said Clearwater Sun is a newspaper published at
Clearwater, in said Pinellas County, Florida, and that the old newspaper has
heretofore been continuously published in said Pinellas Co F orido, each day and
has boon entered as second class mail matter at the pv office n Clearwater, In said
s ?i, ?<.:,? ; aa,;:,., .r •., Pinellas County, Florida, for a period of one your next recodin the first p blicatlon of
^?''i';"`o'tl,'.' ,;G ;, ;•? ;;.a'c:`,•" ;`. the attached copy of advertisoment; and sifts t f her ays at ha ha neither paid
seer promised any person, firm or corporation a y cou , r ate, co stem or refund
for the purpose of securing this advert me r pu 1 ion In t aid newspaper.
711, ?r
?'7. Mgrs` h•i; `3 ' ?'" , < ..... .... ..{-.•f!'.'.: ...............
Swarm to and subscribed before me
this..12..th...day off....J,,uJUly.....?...... D.. io-65.
+ v?` .?I Jam` frrl ... r l..••rf.. r ?T'l : r.: • .:. • . • • . .
{S RL )' Notary Public
NOTARY PUBLIC STATE of FLORIDA at LARGE
My CQMMISSION EXPIRES FEB. 17, 1967
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