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•li %, fi•XiyX '• „air yy ?4."N ,??tri .4
ORDINANCE NO. 111
AN ORDINANCE SUPPLEMENTING AN ORDINANCE ENTITLED:
"AN ORDINANCE PROVIDING FOR THE CONSTRUCTION AND
ACQUISITION OF ADDITIONS, EXTENSIONS AND IMPROVE-
MENTS TO THE WATER AND SEWER SYSTEM AND STORM e
SEWERS OF THE CITY OF CLEARWATER, PINELLAS COUNTY, ~
FLORIDA; PROVIDING FOR THE PAYMENT OR REFUNDING OF
CERTAIN OUTSTANDING OBLIGATIONS; AUTHORIZIN3 THE .
ISSUANCE OF $1,500,000 UTILITY REVENUE CERTIFICATES;
PROVIDING FOR THEIR MATURITY DATES; PROVIDING FOR _, ;. .
THE EXECUTION, NEGOTIABILITY AND REGISTRATION OF '
SAID CERTIFICATES; PROVIDING FOR REPLACEMENT AND
PAYMENT OF MUTILATED, DESTROYED, STOLEN AND LOST
CERTIFICATES; PROVIDING FOR THE COVENANTS AND REVS- ;..r?a z "r:?::°"
NUES AND APPLICATION OF REVENUES OF SAID CERTIFICATES;,
PROVIDING FOR THE COVENANTS AND OBLIGATIONS OF THE
rrnli ^+s ,kt"?r••a t?Cnj?"i '?,r,; t:%'
CITY OF CLEARWATER UNDER SAID CERTIFICATES; PROVIDING
FOR THE ESTABLISHMENT OF THE "UTILITY SYSTEM REVENUE 6
FUND AND PROVIDING FOR THE OPERATION AND MAINTE- ;
NANCE THEREOF; PROVIDING FOR THE DISPOSITION OF a+'' v'"' 3
REVENUES FROM THE AFORESAID REVENUE FUND; LIMITINGi -' +<
THE ADDITIONAL OBLIGATIONS WHICH MAY BE ISSUED
AGAINST THE SECURITY PLEDGED FOR SAID CERTIFICATES; t {`
PROVIDING FOR REMEDIES OF CERTIFICATEHOLDERS; `
LIMITING MODIFICATION OR AMENDMENT OF THIS
ORDINANCE; PROVIDING FOR THE SEVERABILITY OF THE '
PROVISIONS HEREOF; PROVIDING FOR THE ISSUANCE AND
SALE OF THE CERTIFICATES; PROVIDING FOR THE VALIDA-
TIONOF SAID CERTIFICATES; PROVIDING THAT THIS
ORDINANCE IS AN EMERGENCY MEASURE; AND PROVIDING `
FOR REPEAL OF ORDINANCES AND RESOLUTIONS IN CON-- C
FLICT HEREWITH TO THE EXTENT OF THEIR CONFLICT,
AND AUTHORIZING THE ISSUANCE OF $1,250,000 UTILITY
REVENUE CERTIFICATES, SERIES OF 1967.
BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF CLEARWATER,
FLORIDA:
ARTICLE I
STATUTORY AUTHORITY, FINDINGS AND DEFINITIONS
V,
1.01. AUTHORITY OF THIS ORDINANCE. This ordinance is adopted
pursuant to the provisions of Chapter 9710, Laws of Florida, Acts of 1923, and
amendments thereof and supplements thereto, being the Charter of the City of
Clearwater, and other applicable provisions of law, and pursuant to Section 3.04 (Y.)
of an ordinance entitled: "AN ORDINANCE PROVIDING FOR THE CONSTRUCTION
AND ACQUISITION OF ADDITIONS, EXTENSIONS AND IMPROVEMENTS TO THE WATER
AND SEWER SYSTEM AND STORM SEWERS OF THE CITY OF CLEARWATER, PINELLAS
COUNTY, FLORIDA; PROVIDING FOR THE PAYMENT OR REFUNDIN3 OF CERTAIN
..?:.. ? • •.4x'd?.#1115 ,
` s2"°5%A tt, R.?i f. 'Y?Y,', 'iY+?!S ??.'",. ,•?'';???.1_.?.,y' y.,,,,..-?.,.:,? A"." ,k 2.: ;Y:r. {{'?
'#na+?,,?x?'?_' .1 `?,,,xv1?`?f''r.' ?_° r,•? ,.: _ Y, t• i ;t?''!"•?C'::Y?+. ? •1'it;.?. S+f
?,r.`?s,. .i ;S• 'f!';`0""?}rt?3ao'r'^e u.-.r.-,??,,.?a Xr•'.?.?_"k"?..?."r - -"`?- -- -
F kx,;*'.., {? ,',, .Fi+o'?`."^.'•M;:a'l?y+t ,:?,. ?:Ss - r v 5?=;7,.,..... .y-', r'?•:`1yn.?.- -' ;r,,r o• .: .. ,. .,{,•
i t, °,.? t S. s?',?..? .• ?;' t: "?:r.. t*..z'„'sr?'si..i •."?. .'.1.^+! s,?.a??''ri. ;?Y.?` ?, ?.. n 'z
f, w??? .,#' •J}',' - .`,?: '.. ?. ;.; 'i?. r?:{{ r? a?';+: "J'?4;'Q n-q?„??!/?,•?•4 ??§i-^" y•.r
?: ? ..ia: 4" .,F' .i,,',.,:•,i .? ..:•;..; ''?:;i;,?,, ;, L+•:y;,t 4r gfP ??i?i L-' t `'1' 3
+v,+ ? X .:?"'•tt ? ??,_'.?.,?F tp?F.?°y??•s,??,i?..x,,.{:...'{J?`°?oe+i? •?.A??'E`??'J ???y,??' .??,?? ? ?~?2 Y#
,ate ?s,•? ?.,. 7, r :,: s ?? ? ? x4??. w3•• ,,
•a ti
Y • '^l. w •
•,? t"i. r,a - •3?s ?? ? - ?. ?.,xJ TO.?
:?:k?w,`r:„?`?k+-;,3x?;??fi?;`.e3ti4jr?.,5r.',jt'?•'%?t.:P,?,?1i:1??zi'?J`?'. „?,?3?.??i? ,t?'?5,??sl.-?'i. .?sv, ,.r t
`?;'f:s;tt'?,',+r?J?.ii"fliW?1,;'v: _?..? i,•-. s. ?a;??? ,?." :??,•,•i-r Y,'?.6?;?`'?,-•z? .>?!X`»'? "S,?t\'?' ????' 3?k
I? '?:a :..? •t f ?. '?..r?' ?:y .,?'r fi'•,T.,^, .t.,, i` `Y Sg`t' L,nS $r?•.;'. ,.t.q• ,? u'?'
, >. ,'R?. 'e' `? , s.'?'• F'F.' .5 ?it•1i_S.?i?SL'`.i.t.?x'iP,ivM.?..
ll i•
?' •1 t
i?H n
i? .
OUTSTANDING OBLIGATIONS; AUTHORIZING THE ISSUANCE OF $1,500,000 UTILITY
j .. i
1 r
°1 I ?-
REVENUE CERTIFICATES; PROVIDING FOR THEIR MATURITY DATES; PROVIDING FOR
THE EXECUTION, NEGOTIABILITY AND REGISTRATION OF SAID CERTIFICATES; PRO-
y? VIDI-NG FOR REPLACEMENT AND PAYMENT OF MUTILATED, DESTROYED, STOLEN
fyl { ,! S?y
5] `a s7`V qe . . .
' ?J ! AND LOST CERTIFICATES, PROVIDING FOR THE COVENANTS AND REVENUES AND
APPLICATION OF REVENUES OF SAID CERTIFICATES; PROVIDING FOR THE COVENANTS
J i `S ., t t?•.s?r'5?43 f ?,.? .
AND OBLIGATIONS OF THE CITY OF CLEARWATER UNDER SAID CERTIFICATES; PRO-
! 4 fi ?b,.r t
a?
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 NAY BE ISSUED AGAINST THE SECURITY PLEDGED
FOR SAID CERTIFICATES; PROVIDING FOR REMEDIES OF CERTIFICATEHOLDERS;
LIMITING MODIFICATION OR AMENDMENT OF THIS ORDINANCE; PROVIDING FOR
THE SEVERABILITY OF THE PROVISIONS HEREOF; PROVIDING 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 Ordi-
nance "), 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 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 derives 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
-2-
Ord i #1115
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?x S#?,xrf7l?yj?.;TR•?-;- :•, ?•: • ,-- - _ -. ;--;- ?,• ,-,4L=.r- ruv j'!t"?,-?r'?.•i?t?E?S'i7r*i?,?
?F 76F." 111"-4: :Y't '' o--jir y.ij?,. ..fit ,, ?'r. •,Y.: r I, i ',' Jt " ''.i'4. Y, ; a'
?''???i'.?i,f.:; .0 4,°?•?ejv? V;:i.?.f;. t:.•'' ?.r,;';: 't* 's' .'' ? ' f ^•
?omrtiri??ltir.?arii+rsvyr.?i?.iv,rwri?w?A+lrti?+'r..a+re r;?•a ?.... ..•'r _ r-?-_t.__s._n._....... -- -- --- - ..? --. - - - --- *OR
0
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,may nom-! +fwk + ty?y?. >'!?+ r•- • a '}yk' •rfs :.w•ix?!?.til
iW?C?:?'±'??JeN' e?!??'.rrt z' '<ti°.1Sj'.``.?:;.'.?.?: .T?' ? ,.• 7.ti ; ?i? ? ?? •? }???? ? ,, '' ,?•?`.it•" ` l V: M • ? , ., .< ??. ..
•M7 s. ?. x._4;T.. ...s ,.. .. .? .a,:?..i.:. .,. .. .. ..,. ..s. ':3s•?s:. ••iii?=• °'e I:1s r' s•?? •t
..'r. ".,, J. " 2is?rrlia'4'S?R{xC'dr'c?"-S•.?µi'?
1 14
chargeable against the revenues of said System or any part thereof, except as
5.t,••?pi 1`.•t'+d`` "l',/+S'!'•sf:fffSLL_?i ?• 1.
?t, fit.. ?E;'`s.?a,;°4•" .
S •?".•.:'.r. 7 fit I •"a:.
?[tlg ydt. ) i,
F
y
follows:
The City has heretofore issued its Utility Revenue Certificates, Series of
1955, dated August 1, 1955, now outstanding in the principal amount of $1,097,000,
maturing in numerical order on August 1 of each year in the years 1967 to 1985,
Inclusive (herein called "Outstanding 1955 Certificates"); its Utility Revenue
Certificates, Series of 1956, dated August 1, 1956, now outstanding in the principal
amount of $1,636,000, maturing in numerical order on August 1 of each year in the
years 1967 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 $600, 000, maturing in numerical order on August 1 of each
year in the years 1967 to 1989, inclusive (herein called "Outstanding 1959 Certifi-
cates"); its Utility Revenue Certificates, Series of 1960, dated August 1, 1960,
now outstanding in the principal amount of $545,000, maturing In numerical order
on August 1 of each year in the years 1967 to 1990, inclusive (herein called "Out-
standing 1960 Certificates"); its Utility Revenue Certificates, Series of 1962, now
outstanding in the principal amount of $980,000, maturing in numerical order on
August I of each year in the years 1967 to 1984, inclusive (herein called "Outstand-
ing 1962 Certificates"); its Utility Revenue Certificates, Series of 1964, dated
August 1, 1964, now outstanding in the principal amount of $950,000, maturing in
numerical order on August 1 of each year in the years 1967 to 1989, inclusive
(herein called "Outstanding 1964 Certificates"); and its Utility Revenue Certificates,
Series of 1965, dated August 1, 1965, now outstanding in the principal amount of
$1,250,000, maturing in numerical order on August 1 of each year in the years 1967
to 1990, inclusive (herein called "Outstanding 1965 Certificates"); which by their
terms are payable from and secured by a lien upon and pledge of the revenues
derived from the operation of the aforesaid System, in the manner provided in the
Original Ordinance and in each of the ordinances authorizing said Outstanding 1956
Certificates, said Outstanding 1959 Certificates, said Outstanding 1960 Certificates,
said Outstanding 1962 Certificates, said Outstanding 1964 Certificates, and said
Outstanding 1965 Certificates.
Ord. #1115 --3-
., ,
77-7
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z •?:... uY i '?"• '= 'tir3• '$3??3.e. [ ,??.`}lfl + ?.:?{3? ., S
? ?1 ,?? ? rfi'4 ? ? 5 s?3SS.?Y:yr` ?"?.i}q7??f? , x99 ?i• r ?* ??•? ?, F ,
??, 1 '''i a !,q ?P i??" .`ue °J {,,?,?';i: µ'.- i;?,•r7't?• r?'y???.'?E''e .'?:#h`:'.???'N`KT` _ "3i
,?,. ??{!v. ?, ?,??i:?J?i3i?.i'? -a'r.;,rs'.•;.f.f :r??;'t,.s'^s .3?'•?., ,.?,?,,.!!'w.?' #,s? ?
?. '1.;Yr: •?='' ..L. ,?' {r?y ? 't?,. J.:.. j, t,f: ?k;r +?•? }•54??. °.13r .??5,r. 1 ?"{'..:.?'j? ?:•??"`J
i. R, - # 11 _ ,.,r.` rS'.-f.• g vr' °i?? •rl, L ,t S', •?'?,'°, ".w }' t
,.? ? 4. ?,;•'f?. ! 4?ir ,rFo a.yu q;,s t':=.. G,:t-? '??r?,a, rz., t!•. C a. ~k',,z...`.z ]"i`!? ?* ??. t ir?< .??'C..?t)'.,...?v ? • ';. ,.1
,`??' ,q •i '?A a . 'L t • ,-{ L'.^ . { C'„ ::?? ;.:• :, ` 2 `x ?`' > F•..Y ? •++v?`f t
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'?? it , • `?j ? `? ? rr??3' '? s
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(C) That said Original Ordinance, in Section 3.04 (K) thereof, provides
R frth
,€.. n 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 .• ', .. ?`?-
: r .
r'?j} T, .,?I??l such term is defined in the Original Ordinance) during the preceding two (2) years ,• , •t
# ?~ ,a is $916,561.
¦
;* (E) That the Certificates authorized to be issued pursuant to this
?f Z?°?,$?• i•..,•+,*'rx::SS•.?i"s:,?i;Ii'ri al.`-)?'•'!-'i?'::
ordinance shall be on a parity with and rank equally as to lien on and source and :',:;'_ yy ::;•t; ~:s'::
'.?r? ? ? ?YF ?Lj i. ' :; aCM z1ti `tr. 4):!!A ??.>ti ,4t•i'i:.
yF ? ?-r 1?s4 4{?a;l??:'r;?:t'??3:^4.1;`•;,?':'r'4?,
i'•?k "?2`¢`', ?: security for payment from the net revenues of the System and in all other respects `.,•? ?rx"'';•:
with said Outstanding 1955 Certificates, said Outstanding 1956 Certificates, said
?i;
Outstanding 1959 Certificates, said Outstanding 1960 Certificates, said Outstand-
ing 1962 Certificates, said Outstanding 1964 Certificates, and said Outstanding
1965 Certificates.
(F) That the City is authorized to issue the Certificates authorized
herein as pari passu additional certificates within the authorization contained in
Section 3.04 (K) of the Original Ordinance.
(G) That the aforesaid System shall be improved and extended sub-
stantially in accordance with the plans and specifications prepared by Briley, Wild
& Associates, Consulting Engineers of Daytona Beach, Florida, which said plans
and specifications 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 cost of the construction or acquisition of extensions, improvements and
betterments to said System, including but not limited to the expansion of Clearwater
East sewage plant, the completion of the northern interceptor, a new beach pumping
station, additional beach force mains, rehabilitation of beach sewers, water and
sewage office and storage yard, central control facilities, feeder mains, new wells
and pumps, and well field piping and appurtenances, and including the acquisition
of any lands or interest therein and of any fixtures or equipment or properties
deemed necessary or convenient therefor, interest upon the Certificates issued
pursuant to this ordinance prior to and during and for six months after the completion
of such extensions, Improvements and betterments, engineering and legal expenses,
expenses for-fiscal or financial advisors, expenses for estimates of costs and of
Ord. #11x5'. -4- 7
V S'?' '`1•? ,tY; y , r, ••," ,r - .'+ . ..c.•. ,. . +?^. r p: ..4 a `rA-t,., : :a,-.4.LL
5'°}'1;ti Jew vAA ?y?'? `?f.4iv •?:1,?.? ? w\ . ?`; • '
X51 q?1?.1;1`?3?i??+h??34r?yi?•:?{i?••i:'?: _ .1; ..c ''?t;, ? • • r?
0 '11, k.
?ilrYaw?ii?,?N?iwr?.a au.w-t4.?i?r?yr_.k7r?t• r ?f ...• ?. •r+ 4? r -.. .. ... ? ? ...^.a-......... ?....w.?.,.?.?.-...... _..- - - ¦ ? - -
x
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L+
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y •? 1. ,,,,.} x., .?x^fnrr?«x err+=
M Wi'.°? '?' ,f !r.c Kr'?;-•-P`-.? _ •• •,
... • \v), r•:,c?.?rr.?r.°i"i ?a.. i > .. ..... .. ... .. 'r'......:?ii %-.. .. .:?4:?': .. !t'F':.,; rr.... .:.i_ _?? ., .... ..
revenues, expenses for plans, specifications and surveys, administrative expenses, -'.F:, :;.F,+:.s:•s.j's;.:;
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 operation and maintenance costs
i1
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 Outstanding 1956 Certificates, on the Outstanding 1959 Certificates, on the
In•,Y.a"'MJr•Lx!°-'•v.Y:r:r.Se, n'i'
MIl ? ?.. '''far
Outstanding 1960 Certificates, on the Outstanding 1962 Certificates, on the Out- Z
Clp3vfi
standing 1964 Certificates, and on the Outstanding 1965 Certificates and all sinking
fund, reserve and other payments provided for in this ordinance, in each of the
ordinances authorizing the Outstanding 1965 Certificates, the Outstanding 1964
?? r7 'ref ?`•'E :" ? ?i: ,
: ;.,.
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,
sinking fund or other payments provided for in this ordinance, and that the
Certificates issued pursuant to this ordinance shall not constitute a lien upon any
part of- said System or upon any other property whatsoever of the City.
1.03. ORDINANCES TO CONSTITUTE CONTRACT. In consideration of the
acceptance of the Certificates authorized to be issued hereunder by those who shall
hold the same from time to time, this ordinance and the Original Ordinance shall
be deemed to be and shall constitute a contract between the City and such Certifi-
cateholders; and the covenants and agreements set forth to be performed by said
City 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 Certifi-
cates, said Outstanding 1959 Certificates, said Outstanding 1960 Certificates,
said Outstanding 1962 Certificates, said Outstanding 1964 Certificates, said
Outstanding 1965 Cprtifieates, and the Certificates issued hereunder and the
coupons attached thereto, all of which shall be of equal rank and without preference,
Ofid . #1115
T ?? f3??.r'•'-i4,?7,--??.?+ys'S?r?+!; if??"Y.,y Vie,.-. _y If;i...r i, o-t'-'.' ? -„
•S ?r ••?•'}.• ,its,-' 1?;'• :r??.?'? • . "
-5-
/1? L
i 4
-l„ ?a!?y}1??Vn?t•4' ?'??'^{??'?'r ??.'Sn".v!?'?:?}r 3??(?+yy''. ,..: ..ri*".-'S.=T`"r ';'?'l?'4,. ^ ;.?'.f •? K;,:'t :?'o ?''.?"?'. ?4'??` 1Aa'f','- r r
.si-?? .,c'?3ye +i^?+.('??a' •'e'?. ?.,•.sY?".' J: f'•?•1?;.i ?t.?f ?fi "?. S
o'< fi;• ?1?°•?`t „??"SJe?' ?At t }j??;'?,7;?????{??? k?'r, r"('J ? 4 t
t° ? ? "?`? l,?+?+t???*?a*?'???,rtCr':y?`? *'??r?;????'t.i.'?.j?-P"xt#'?.S?;Fr^.h?.???? a Zg•'y??4,.,? ?, ? ?'j
ro „rT >,,ia?`"tti e+;'.A1 z•: ?=?,.4r .G,M:o t.;x ;',t ??,;•y. .tf,.h?..n3y. ?u;:f ?F.; f?l"??`•!3<.e?'?r.?, w.i F? ee,? ? r
Priority or distinction of any of the Certificates or coupons over any other thereof, `• ."y` `t''
except as expressly provided therein and herein.
1.04. DEFINITIONS. That all of the definitions and terms contained in '.
the Original Ordinance shall have the same meanings ascribed thereto in the
Original Ordinance and shall apply fully to this ordinance and to the Certificates ,
issued hereunder.
ARTICLE II
AUTHORIZATION OF CERTIFICATES
2.01. AUTHORIZATION Orr' CERTIFICATES. Subject and pursuant to the
Provisions of this ordinance and the Original Ordinance, obligations of the City of ;
Clearwater, Florida, to be known as "Utility Revenue Certificates, Series of 1967,"
are hereby authorized to be issued in the aggregate principal amount of not exceed-
?a
ing One Million Two Hundred Fifty Thousand Dollars ($1,250,000) for the purpose
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of financing the cost of the improvements to the System, as provided in Section •`.
1.02 (G) hereof.
2.02. DESCRIPTION OF CERTIFICATES. The Certificates shall be dated
August 1, 1967; shall be in the denomination of $5,000 each; shall be numbered
from 1 to 250, inclusive; shall bear interest at a rate or rates, not exceeding the
legal rate, to be determined upon the sale thereof, payable semiannually on
February 1 and August 1 of each year; and shall mature serially in numerical order,
lowest numbers first, on August 1 of each year, in the years and amounts as
follows:
' Year Amount Year Amount
y3 1969 $35,000 1980 $50
000
,
1970 35,000 1981 55,000
1971 40,000 1982 55,000 - ;
a 1972 40,000 1983 55,000 ;
1973 40,000 1984 60,000 r
1974 40,000 1985 75,000
1975 45,000 1986 80,000
1976 45,000 1987 80,000
1977 45,000 1988 85,000
1978 50,000 1989 90,000
1979 50,000 1990 100,000
Ord 41115:..
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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
Sank, New York City, New York, in lawful money of the United States of America;
and shall bear Interest from their date, payable in accordance with and upon
surrender of the appurtenant interest coupons as they severally mature.
The Certificates maturing in the years 1978 to 1990, inclusive, shall be
redeemable prior to their respective stated dates of maturity, at the option of the
City, on August 1, 1977, 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 of redemption, plus the following premiums if redeemed at the following
times:
Three per cent of the par value thereof if redeemed in the
years 1977 to 1980, inclusive;
Two per cent of the par value thereof if redeemed in the
years 1981 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 intended redemption shall be given at least once not less
than thirty (30) days prior to the redemption date by publication 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
is duly provided for.
2.03. EXECUTION OF CERTIFICATES AND COUPONS. Said Certificates
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 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
Ord.#113.5
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of the City before the Certificates so signed and sealed shall have been actually
sold and delivered, such Certificates may nevertheless be sold and delivered 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 person as 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 have
been so authorized.
The coupons to be attached to the Certificates shall be authenticated with
the facsimile signatures of the present 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 any person who shall have been such Mayor-
Commissioner or City Manager or City Clerk at any time on or after the date of the
Certificates, notwithstanding that he may have ceased to be such official at the
time when said Certificates shall be sold and delivered.
2.09. FORM OF CERTIFICATES AND COUPONS, The text of the Certifi-
cates and coupons and provisions for registration shall be of substantially the
following tenor, with such omissions, insertions and variations as may be necessary
and desirable and authorized or permitted by this ordinance or any subsequent
ordinance adopted prior to the issuance thereof. Said Certificates shall be regis-
trable, replaceable, and negotiable in the manner and to the extent provided in the
Original Ordinance.
No. UNITED STATES OF AMERICA $5,000
STATE OF FLORIDA
COUNTY OF PINELLAS
CITY OF CLEARWATER
UTILITY REVENUE CERTIFICATE, SERIES OF 1967
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 registered holder, as herein
provided, on the first day of August, 19 from the revenues hereinafter
mentioned, the principal sum of
FIVE THOUSAND DOLLARS ($5,000)
with interest thereon at the rate of per centum
per annum, payable semiannually 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
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Certificate are payable at the principal office of The Chase Manhattan Bank, New A
York City, New York, in lawful money of the United States of America.
This Certificate is one of an authorized issue of Certificates in the aggre-
gate principal amount of not exceeding $1,250,000, of like date, tenor and effect, ; .
except as to number and date of maturity, issued to finance the cost of the acqui-
sition and construction of various improvements and extensions to 'the combined
system of utility properties supplying water and sewer services for the City of
Clearwater, under the authority of and in full compliance with the Constitution
and statutes of the State of Florida, including the Charter of said City and other ?'... '
applicable statutes, and ordinances 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 1969 to 1977, both inclusive, are not redeemable prior to their
respective stated dates of maturity. The Certificates of said issue maturing in •: ;=,,i.A„?'' q`.'?rf,.`,
.,,'fie J''i t•?"Lr?7 ?{,'":?'.'
the years 1978 to 1990, both inclusive, are redeemable prior to their respective
.stated dates of maturity, at the option of the City, on August 1, 1977, or on any %
interest payment date thereafter, in whole or in part, but In inverse numerical
order if less than all, at the price of par and accrued interest to the date of
redemption, plus the following premiums if redeemed at the following timer. sa
Three per cent of the par value thereof if redeemed in the
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years 1977 to 1980, inclusive; s
Two per cent of the par value thereof if redeemed in the years 1981 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 dully
called for redemption, on the redemption date, if payment thereof has been duly
provided for.
This Certificate and the coupons appertaining hereto are payable solel
a lien upon and pled
from and secured b
e of the net revenues derived from the y`
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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 ?x'• "' "`
which this Certificate Is one. This Certificate does not constitute an indebtedness
of said City within the meaning of any constitutional, statutory, or charter provi-- rv'
Sion or.limitation, and it is expressly agreed by the holders of this Certificate and
r„h x 3it?Tl"'••"s?K• t
the coupons appertaining hereto that such holders shall never have the right to
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require or compel the exercise of the ad valorem taxing power of said City or the
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taxation o
real estate in said City for the payment of the principal of and interest ,
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on this Certificate or the making of any sinking fund, reserve, or other payments
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provided for in the ordinance authorizing this issue of Certificates. It is further i
agreed between the City of Clearwater and the holder of this Certificate that this *??grr•?
Certificate and the obligation evidenced hereby shall not constitute a lien upon j
the City's utility properties, or any part thereof, or on any other property of or In
the City of Clearwater, but shall constitute a lien only on the net revenues derived
from the operation of said utility properties supplying water and sewer services in
the manner provided in said ordinance.
The Certificates of the issue of which this Certificate is one 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 of the City and, in all other
respects, with outstanding certificates of an original issue of $1,500,000 Utility
Revenue Certificates, series of 1955, dated August 1, 1955; with outstanding
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F' r, s. , t?', ,i ; t?', 3:M` ??,tr??"r ?i i?r? s •F^" E• {`. {;:,, 3i?,F,?k' ?e•r4 tys r'+=` t s R!`•'S, r i.
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r : certificates of an original issue of $2,000,000 Utility Revenue Certificates, Series
1j' of 1956, dated August 1, 1956; with outstanding certificates of an original issue of `
$630,000 Utility Revenue Certificates, Series of 1959, dated August 1, 1959; with
outstanding certificates of an original Issue of $600,000 Utility Revenue Certificates, ,•'i:',•,:'' .};:,
Series of 1960, dated August 1, 1960; with outstanding certificates of an original `
issue of $1,100,000 Utility Revenue Certificates, Series of 1962, dated August 1,
k . , 1962; with outstanding certificates of an original Issue of $975,000 Utility Revenue
Y: Certificates, Series of 1964, dated August 1, 1964; with outstanding certificates
of an original issue of $1,250,000 Utility Revenue Certificates, Series of 1965, o
dated August 1, 1965; and any other pari passu certificates hereafter issued by the
City payable from the net revenues of said utility properties under the terms, limita-
tions and conditions contained in the ordinances which authorized the issuance of
acts r - ?'?.;1i?# „'(nr 4ti:.1?•iT''' i S?''?
said $1,500,000 Utility Revenue Certificates, Series of 1955; said $2,000;000 j'?;?;??-•+`;??;;:;°f:?:'?
Utility Revenue Certificates, Series of 1956; said $630,000 Utility Revenue Certlfl-irl«r;
a± t???;,7?'? r t}X: 1>a ;5 Cates, Series of 1959; said $600,000 Utility Revenue Certificates, Series of 1960;
r''
iE ?` ?aS 'k°{,•AirCrf? Y.`a,C"}'G;,'"' ?: ".i::?.r <r S•ir. riSf'<,'•s
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<'?? said $1,100,000 Utility Revenue Certificates, Series of 1962; said $975,000 Utility ."e?*ra`iz?z,'°z?-n•
jS t is L s. .y' . ",5'yiS=•s " 'i ?,y .l" `"
x . s' . "fir; y
u rS >?, i.i Revenue Certificates, Series of 1964; and said $1,250,000 Utility Revenue Certifi-?'.?
1 w L t toS"':,{ n ec'C#'%' i.iC? ? •, fr, .°?..
} cares Series of 1965. 1 '
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fu??tl The City, in said ordinance, has covenanted and agreed with the holders K w:.L
_ti of the Certificates of this issue to fix and establish and maintain such rates and,
S ,srjit qq? a sy 7? yn? t'4` Wf *L?.;.. y }r
J1i?lr?T. if ?' Y'SS}-."'3fu'?'r-•,Ll•'i y.?t;r:, '
i,y._ collect such fees, rentals, or other charges for the services and facilities afforded
'`;, y.y?4. !t e' v'1 i r?.¢.?S'E.?ps.'3.:r " ?' ;•'. ;•„' f x
by the City's utility properties supplying water and sewer services, and to revise
the same from time to time whenever necessary, as will always provide revenues
V1': ;ice'"'.:• 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
?.tt * • • Lr" g `?f•. operating and maintaining said utility properties; and that such rates, fees, „
F..•{tom ` P <.
,? ?' i ?•_ ?-?; rentals or other charges shall not be reduced so as to be insufficient to provide it •n
• •;+ revenues for such purooses; And said City has entered into certain further covenants "
_;, r r<• t> h' L ; 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
Certificates of which this Certificate is one, is in full compliance with all consti-
tutional, 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 Uniform Commercial Code-Investment Securities 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 conclusively deemed by his acceptance
hereof to have agreed that this Certificate and the coupons appertaining hereto
shall be and have all the qualities and incidents of negotiable instruments under
the law merchant and the Uniform Commercial Code-Investment Securities 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 delivery in the manner
provided for negotiable instruments payable to bearer in the law merchant and in
the Uniform Commercial Code-Investment Securities Law of the State of Florida.
(b) Any person in possession of this Certificate, unless 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
Ord.#1115 -10-
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to represent himself as the absolute owner hereof and is hereby granted power to
transfer absolute title hereto by delivery hereof to a bona fide purchaser; that is,
to anyone who shall purchase the same for value (present or antecedent) without
notice of prior defenses or equities or claims of ownership enforceable against
his transferor; every prior taker or owner of this Certificate, unless registered
as herein provided, and of the annexed interest coupons, waives and renounces all
of his equities and rights herein in favor of every such bona fide purchaser, -and
every such bona fide purchaser shall acquire absolute title hereto and to 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 interest coupons here-
unto appertaining, as the absolute owner hereof for all purposes without being
affected by any notice to the contrary.
This Certificate may be registered as to principal only or as to both
principal and interest in accordance with the provisions endorsed hereon.
IN WITNESS WHEREOF, said City of Clearwater, Florida, has issued this
Certificate and has caused the same to be executed by the manual or facsimile
signatures of its City Cleric and City Manager and countersigned by the manual or
facsimile signature of its Mayor-Commissioner and approved as to form and correct-
ness by the City Attorney by his manual or facsimile signature and its corporate seal,
or a facsimile thereof, to be affixed hereto or imprinted hereon, and has caused the
Interest coupons hereto attached to be executed with the facsimile signatures of
said City Clerk, City Manager, and Mayor-Commis sloner, all as of the first day
of August, 1967.
CITY OF CLEARWATER, FLORIDA
By
City Clerk
uoun r nets:
$ 41
Mayor-Commi ner
Approved as to farm and correctness:
City Attorney
FORM OF COUPON
No.
On the first day of , 19 , the City of Clearwater, Florsriq .
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 presen-
tation and surrender of this coupon, being six months' interest then due on its
Utility Revenue Certificate, Series of 1967, dated August 1, 1967.
CITY OF CLEARWATER, FLORIDA
By
City Clerk
Mayor-Commissioner.
By
City Manager
By.
City Manager
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(To appear only on coupons on callable Certificates:
"unless the Certificate to which this coupon is attached
shall have been duly culled for prior redemption and payment
thereof duly provided for, ')
FORM OF VALIDATION CERTIFICATE
This 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 Florlda,
in and for Pinellas County, rendered on the day of 1967.
CITY OF CLEARWATER, FLORIDA
B
City Clerk
Mayor-Commissioner
ay
City Manager
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 here-
after be duly appointed, as to principal only; such registration being noted hereon
by such Registrar in the registration blank below, after which no transfer shall be
valid unless made on said books by the registered holder or attorney duly authorized
and similarly noted in the registration blank below, but it may be discharged from
registration by being transferred to bearer, after which it shall be transferable
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 regis-
tration blank below that this Certificate is registered as to interest as well as
principal, and thereafter the interest will be remitted by mail In New York exchange
to the registered holder. With the consent of the holder and of the City of Clear-
water, this Certificate, when converted into a Certificate registered as to both
principal and interest, may be reconverted into a coupon Certificate and again con-
verted into a Certificate registered as to both principal and interest 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 Certificate
is registered as to principal only or payable to bearer.
DATE OF IN WHOSE NAME MANNER OF SIGNATURE OF
REGISTRATION REGISTERED REGISTRATION REGISTRAR
ARTICLE III
SECURITY OF CERTIFICATES
3.01. CERTIFICATES ON PARITY WITH OUTSTANDING UTILITY REVENUE
CERTIFICATES. The Certificates issued pursuant to this ordinance 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
Ord.#IP-5.
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r .?. ., a .?'Jxy,?c.t?•P.1+v;i.?.SJ'x` `?•? .•f,:' ?4 E;a?, ?, ;_ , 'pU r:•y?}?•*x.? ? `ua#r ,f3 ,?.!y?`,Fr?IY??,?,?+-'r??.. G 1 '
?` ?` ., 4 . 1..-'1*•!'Py''S: f^'s•f','?6, „+.'r?°??'.i}.?=_?;° $?5r',' >.? : . ; t;.,?- .r-:.) 6 p., r s Y
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Utility Revenue Certificates, 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 '+`
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Ordinance; the outstanding Utility Revenue Certificates, Series of 1962, dated
August 1, 1962, issued pursuant to an ordinance supplemental to said Original
f 1954
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Ordinance; the outstan
ing Utility Revenue
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August 1, 1964, issued purusant to an ordinance supplemental to said Original
Ordinance; the outstanding Utility Revenue Certificates, Series of 1965, dated ,,+`•
August 1, 1965, issued purusant to an ordinance supplemental to said Original " ?Y
Ordinance; and any pari passu additional obligations hereafter issued pursuant to
t,
and within the terms, limitations 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 cove-
nants and agreements contained in the Original Ordinance shall be deemed to have
been made for the benefit of the holders of the Certificates issued pursuant to this
ordinance, the holders of said Outstanding 1956 Certificates, the holders of said
Outstanding 1959 Certificates, the holders of said Outstanding 1960 Certificates,
the holders of said Outstanding 1962 Certificates, the holders of said Outstanding
1964 Certificates, the holders of said Outstanding 1965 Certificates, and the holders
of any pari passu additional obligations hereafter issued within the terms, limitations
and conditions contained in Section 3.04 (K) of the Original Ordinance, as fully and
to the same extent as for the holders of said outstanding Utility Revenue Certificates,
Series of 1955, dated August 1, 1955.
Ord. #1115
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All of the covenants, agreements and provisions of said Original OrdinanC@
(except as to details Inconsistent with this ordinance) shall be deemed to be part
of this ordinance to the same extent as If incorporated verbatim in this ordinance
and shall be fully enforceable in the manner provided in said Original Ordinance
by any of the holders of the Certificates issued pursuant to this ordinance.
Tho Revenue Fund, Sinking Fund, Reserve Account in said Sinking Fund,
and Renewal and Replacement Fund, created and established pursuant to the
?• Original Ordinance shall be continued and maintained as provided in the Original
Ordinance, in the supplemental ordinance authorizing the Outstanding 1956 Certi-
ficates, In the supplemental ordinance authorizing the Outstanding 1959 Certifi-
cates, in the supplemental ordinance authorizing the Outstanding 1960 Certificate
in the supplemental ordinance authorizing the Outstanding 1962 Certificates, in th
supplemental ordinance authorizing the Outstanding 1964 Certificates, and in the
supplemontal ordinance authorizing the Outstanding 1965 Certificates as long as
any of the Certificates issued pursuant to this ordinance, or the interest thereon,
are outstanding and unpaid; and the payments into said Sinking Fund and Reserve
Account thernin 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 between said Outstanding 1955 Certificates,
said Outstanding 1956 Certificates, said Outstanding 1959 Certificates, said
Outstanding 1960 Certificates, said Outstanding 1962 Certificates, said Outstand
Ing 1564 Certificates, said Outstanding 1965 Certificates, the Certificates issued
pursuant to this ordinance, and any part passu additional obligations hereafter
issued pursuant to the terms, limitations and conditions contained in said Original
Ordinance.
3.03. INVESTMENT OF MONEYS IN SINKING FUND. Moneys held in the
Sinking Fund may be invested,upon direction of the City, in 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 invest-
ments shall mature not later than the time when moneys in the Sinking Fund are
Ord.#1115 -14-
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,•.s:?T[:z????`, ic._, ...::?:,s,?i;?'+.+i;_+.,y?.:.?M1 3:.:...:s':r.(x,:'.?.:.::r.,.?i?':'..-S:Z'?.'':• .. .•. ..?,:?.'i,','i
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Fund Agreement.
ARTICLE V
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.
ARTICLE IV
APPLICATION OF CERTIFICATE PROCEEDS
4.01. APPLICATION OF CERTIFICATE PROCEEDS. All moneys received
from the sale of any or all of the Certificates authorized and issued pursuant to
this ordinance shall be disbursed and applied as follows:
(a) All accrued interest received upon the delivery of the Certificates
shall be deposited in the Sinking Fund established pursuant to the Original
Ordinance.
(b) The balance of the proceeds of sale of the Certificates shall be
deposited by the City in a Construction Trust Fund under the terms and provisions
of a Construction Trust Fund Agreement to be authorized by resolution of the City
Commission and shall be disbursed and applied toward the payment of the costs
of extending, improving and adding to the System, as authorized by this ordinance,
upon the terms and conditions applicable to the withdrawal of moneys from said
Construction Trust Fund pursuant to the provisions of said Construction Trust
MISCELLANEOUS PROVISIONS
5.01. MODIFICATION OR AMENDMENT. No material modification or
amendment of this ordinance or of any ordinance or resolution amendatory hereof
or supplemental hereto may be made without the consent in 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 reduction in the rate of interest thereon, or in the amount
of the principal obligation or affecting the unconditional promise of the City to
fix, maintain and collect fees, rentals and other charges for the water service and
sewer service of the System sufficient to pay the principal of and interest on the
Ora.#1115
77
Certificates, as the same shall become due, from the revenues of the System, or
136,
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?? ?,t i .yl*'Cr.'R g i°?lF.v:7:v? ii '?J : 1'?3''{! , kfi`?t•rj. ?{,'1. F ??,•.'}f,S':w J' i}yt'1.?.t ,?` z ?.
>' , •>.• .r;,: '?i., a., .J'1 .z, :a t7` ',: y.•? .p'!. '?;f+1`'=` f's''`.'? .{?y? 7. 01..,ui+.ww iWii?WHr?k4ndi? - ' ?•..1..?.w-..'" ''2...?i1a
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reduce such percentage of holders of such Certificates required above for such
modifications or amendments without the consent of the holders of such Certificates,
.3
5.02. SEVERABILITY OF INVALID PROVISION. If any one or more of the covenants, agreements or provisions of this ordinance should be hold contrary to
any express provision of law or contrary to the policy of express law, though not {
expressly prohibited, or against public policy, or shall for any reason whatsoever
Y.. 1
be held invalid, then such covenants, agreements, or provisions shall be null
and void and shall be deemed separate from the remaining covenants, agreements
•;'?'?z':V`t::`.
or provisions and In no way affect the validity of all the other provisions of this
ordinance or of the Certificates or coupons issued thereunder. V ';? la
5.03. ISSUANCE AND SALE OF CERTIFICATES. The Certificates initially
, y.
authorized to be issued pursuant to this ordinance shall be issued and sold in : f
such manner and at such price or prices, consistent with the provisions of this
ordinance, as the City Commission shall hereafter determine. WI.
5.04. VALIDATION AUTHORIZED. That pursuant to Chapter 75, Florida
Statutes, the City Attorney of the City of Clearwater, be and he is hereby
??a
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 ands,
confirm the issuance of the Certificates authorized by this ordinance and all
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proceedings and actions taken relating thereto. y 1.'t'4• ?;
Upon the validation of the Certificates pursuant to such proceedings,
there shall be printed upon each such Certificate, prior to the delivery thereof
and over the facsimile signatures of the Mayor-Commissioner, City Manager.
and City Clerk, a Validation Certificate in the form hereinabove set forth.
5.05. EFFECTIVE DATE.. It is hereby found, declared and determined
s
that the funds to pay the cost of the construction of the additions, extensions and
improvements to the System authorized herein are necessary and urgently needed
for the preservation of the health, safety and welfare of the inhabitants of the
City of Clearwater; that an emergency is hereby declared, and that this ordinance iI
-= Ik?
shall be in full force and effect immediately upon its passage as provided by law,
Ord-41115
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1 3 1 967
121Y-3, 1967
Mai • 1967
PASSED ON FIRST, READING
PASSED ON SECOND READING
PASSED ON THIRD AND FINAL.
READING AND ADOPTED
ATTEST:
S
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f; City' Clerk
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vV The CIear?water Sun
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Clearwater. Pinellas county, F'Ierlda
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STATE Or FLORIDA
C017NTy OF PINI:LI:Jt3i n
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Hefore the undersigned authority personally appeared W. Paul Harris, who an
oath says that he is the Business Manager of the Clearwater Bun, a doily newspaper eovE,
SYt ;.. published at Clearwater in Pinellas County, Florida.- that the attached copy of
^; iFw
ad"rtisament, being a ...Katice..of..P,as age-of ..Oa1dinance...... a
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.................................
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In the matter of i?DSU
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.........................
A iDDIA11,CE. NO._ 1115. AHMc
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In the .... iHf fiFiE ?l Cdtllftjs was published #n FLAGIM
TRATRI
said newspaper In the issues of ....,JUly..6.,. 1967 ........................... FORR_ TI
.................................................................................... RRtM/Iq
s3;' Aftlant further says that the said Clearwater Sun is a newspaper published at CLZARY
Clearwater, in said Pinellas County, Florida, and that the said newspaper has ICATSSr
•" ?' heretofore been continuously published in said Pinellas County, Florida, each day and R 1
aMe
I.G'r has been entered as second class mall matter at the Dolt Clearwater, In said
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J?,,••„r? Pinellas County, Florida, for a period of one year no p eding a first publication of,
the attached copy of advertisement; and alSant f t r says at he 's neither paid
i.. c sY rarNOl•
nor premised any person, firm or corporation any di oun r te, cq isslon or refund
for the purpose of securing this advertisam f pub tlon in t said newspaper,
1
;T? f' l1ROWDI
s? •''4
Sworn to and subscribed before me sse
,f. this .. '6th day of July DATM?
........, Az. 1967.
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^•? (Sl Notary Public MY COMM15510}4 EXPNICS HID. 77, 1971 400"Fuc
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