1290m
ORDINANCE NO. 1290 .
AN ORDINANCE PROVIDING FOR THE ISSUANCE OF
$7, 300, 000 GENERAL OBLIGATION BONDS OF THE
CITY OF CLEARWATER, CONSISTING OF $2,080, 000
PARK AND RECREATIONAL FACILITIES BONDS,
$3, 100, 000 STREET IMPROVEMENT BONDS, $150, 000
LAND ACQUISITION BONDS AND $1,970, 000 BUILDING
BONDS, FIXING THE MATURITIES, FORM AND OTHER
DETAILS OF SAID BONDS AND PROVIDING FOR THE
PAYMENT OF PRINCIPAL AND INTEREST THEREOF.
WHEREAS, pursuant to an ordinance heretofore adopted by this
Commission on the 22nd day of June, 1970, there was duly submitted to
a t ,?Y :r }„!!1 !.. ?' T } • Y'IV ?Y. • iji i ? {
the qualified electors residing in the City of Clearwater who were freeholders
at an election held on the 28th day of July, 1970, and to the qualified electors
who were not freeholders residing in said City at a separate election held
on the same date, time and places, the question of the issuance of bonds of
the City in the principal amounts and for the purposes of financing the
cost of the construction and acquisition of sections i to 4, both inclusive,
below; and
WHEREAS, at said elections the issuance of said bonds for said
purposes was duly approved by a majority of the votes cast in both said
elections, in the manner provided in the Constitution and Statutes of the
State of Florida;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY
COMMISSION OF THE CITY OF CLEARWATER, FLORIDA:
Section 1. That for the purpose of providing funds to finance the
cost of the construction, acquisition and improvement of parks and rec.reatio.ial
facilities, including land acquisition and development for such facilities, and
landscaping and planting of trees and parks, recreational areas, parkways
and other public places, and other purposes appurtenant, necessary or in-,
cidental thereto, there shall be issued bonds of the City of Clearwater in the
aggregate principal amount of not exceeding Two Million Eighty 'T'housand
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Dollars ($2, 080, 000), pursuant to the Charter of said•City, as amended
and supplemented, and other applicable statutes. Said bonds shall be
designated "Park and Recreation Facility Bond, " shall be dated March 1,
1971, shall be in the denomination of Five Thousand Dollars ($5, 000) each,
shall be numbered from I to 416, both inclusive, and shall mature in
numerical order on September Ist of each year as follows:
Year Amount Year Amount'
1973 $ 50,000 1983 $125,000
1974 $ 50,000 1984 $125,000
1975 $ 50,000 1985 $150,000
1976 $ 75,000 1986 $150,000
1977 $ 75,000 1987 $150,000
1978 $ 75,000 1988 $150,000
1979 $ 75,000 1989 $150,000
1980 $100,000 1990 $150,000
1981 $100,000 1991 $155,000
1982 $125,000
Section 2. That for the purpose of providing funds to finance the
cost of the construction, acquisition and improvement of roads and streets,
including sidewalks, storm drains, paving and repaving and resurfacing,
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acquisition of lands or rights of way therefor, and other purposes appurtenant,
necessary or incidental thereto, there shall be issued bonds of the City of
Clearwater in the aggregate principal amount of not exceeding Three Million
One Hundred Thousand Dollars ($3, 100, 000) pursuant to the Charter of said
City, as amended and supplemented, and other applicable statutes. Said
bonds shall be designated "Street Improvement Bonds", shall be dated
March 1, 1971, shall be in the denomination of Five Thousand Dollars
($5, 000) each, shall be. numbered from 1 to 620, both inclusive, and shall
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mature in numerical order on September let of each year as follows:
Year Amount
Year Amount
1973 $ 75,000 1983 $150,000
1974 $ 75,000 1984 $175,000
1975 $100,000 1985 $175,000
1976 $100,000 1986 $200,000
1977 $100,000 1987 $Z25,000
1978 $125,000 1988 $225,000
1979 $125,000 1989 $250,000
1980 $125,000 1990 $275,000-'
1981 .$150, 000 1991 $300,000
1862 $150, 000
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Section 3. That for the purpose of providing funds to finance the
cost of the acquisition of land and improvement thereof for use as a sanitary.
fill for trash and solid waste disposal, and other purposes appurtenant
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necessary or incidental thereto, there shall be issued bonds of the City of
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Fifty Thousand Dollars ($150, 000), pursuant to the Charter of said City, -
as amended and supplemented, and other applicable statutes. Said bonds - '° -'
shall be designated "Land Acquisition Bonds" shall be dated March I
1971, shall be in the denomination of Five Thousand Dollars ($5 000) each :' '?" •s:'t"' W : cLl
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shall be numbered from 1 to 30, both inclusive, and shall mature in numberical + '1 I
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order on September 1st in the year 1972. c i?a??b r,
Section 4. That for the purpose of providing funds to finance
the cost of the construction, acquisition and improvement of municipal
buildings, including the Main City Library, Beach Branch Library and a
new East Clearwater Branch Library, new central fire station and fire
fighting equipment, police building and courtroom therein and master
traffic control system for city vehicles, and including in each case,
the acquisition of any lands, equipment, machines, furnishings, furniture
or fixtures necessary therefor and any other purposes appurtenant or
incidental thereto, there shall be issued bonds of the City of Clearwater $;~
in the aggregate principal amount of not exceeding One Million Nine
Hundred Thousand Seventy Dollars ($1, 970, 000), pursuant to the Charter
of said City, as amended and supplemented, and other applicable statutes.
Said bonds shall be designated "Building Bonds", shall be dated March 1, -?
1971, and shall be in the denomination of Five Thousand Dollars ($5, 000)
each, shall be numbered from 1 to 394, both inclusive, and shall mature
in numerical order on Septer_'iber 1st of each year as follows:
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Year Amount Year Amount
1973 $ 50,000 1983 $125,000
1974 $ 50,000 1984 $125,000
1975 $ 50,000 1985 $125,000
1976 $ 50,000 1986 $125, 000
1977 $ 75,000 1487 $125,000
1978 $ 75,000 1988 $150,000
1979 $100,000 1989 $150,000
1980 $100,000 1990 $150,000
1981 $100,000 1991 $145,000
1982 $100,000
Section 5. Said bonds shall be executed in the name of the City
by the City Clerk and the 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 bonds 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 bonds, provided that either
the City Clerk, City Manager or Mayor-Commissioner shall manually apply
hia signature on said bonds. The coupons attached to said bonds and
validation legend appearing on each of said bands shall be authenticated
with the facsimile signatures of the present or any future Mayor-Commissioner,
City Manager or City Clerk.
The principal of and interest on said bonds shall be payable semi-
annually on March 1 and September 1 of each year, at such rate or rates not
exceeding the maximum rate permitted by law, shall be payable in lawful
money of the United States of America at such place or places, within or
without the State, as shall hereafter be determined.
Section 6. That said bonds shall be registerable as to principal only
or as to both principal and interest in the manner hereinafter provided in the
form of said bonds.
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Section 7. Said bonds maturing on September 1, 1983, and
thereafter shall be redeemable prior to maturity, at the option of the
City, on September 1, 1982, 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 prior redemption
plug premiums, expressed as a percentage of the par value thereof,
of three percentum if redeemed on September 1, 1982, and if redeemed
thereafter, a premium of three percentum, less one-fourth of one
percentum for each complete year from September 1, 1982, to the
date of redemption prior to maturity.
A notice of the redemption of any of said bonds prior to
maturity shall be published at least once at least thirty days prior
to the date of prior redemption in a financial paper or journal
published in the City of New York, New York. Interest shall cease
on any of said bonds so called for prior redemption if provision has
been duly made for the payment of said bonds on such prior redemption
date.
Section 8. That said bonds and the certificate of validation to
be printed on the back thereof shall be substantially in the following
form:
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No, UNITED STATES OF AMERICA $5,000 STATE OF FLORIDA
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COUNTY OF PINE LLAS
CITY OF CLE, ARWA TER z:.?' ; .
BOND
KNOW ALL MEN BY THESE PRESENTS that the City of Clearwater, `=f
In the County of Pinellas, a municipal corporation of the State of Florida,
for value received, hereby acknowledges itself to be indebted and promises
to pay to bearer, or if registered to the registered holder hereof, the
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FIVE THOUSAND DOLLARS F, r C `ry
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in lawful money of the United States of America at the ua
on the first day of September, 19 , with interest thereon at the rate
of percentum ( %y per annum,
payable semi-annually in like lawful money at the same place on the first
day of March and the first day of September in each year, until the payment
of the said principal sum, upon presentation and surrender of the annexed
coupons, as they severally become due, or if this bond is registered as to
principal and interest to the registered holder at the request of the holder. tj
A notice of the redemption of any of said bonds prior to maturity'
shall be published at least once at least thirty days prior to the date ofj
prior redemption in a financial paper or journal published in the City of
New York, New York. Interest shall cease on any of said bonds so called
for prior redemption if provision has been duly made for the payment of
said bonds on such prior redemption date.
This bond is one of an issue of bonds of like date, amount and
tenor, except as to interest rate and maturity, amounting in the aggregate
to not more than
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and related purposes, pursuant to the Constitution and statutes of the
State of Florida, including particularly the Charter of said City, the same
being Chapter 9710, Laws of Florida, Acts of 1923, as amended and
supplemented, and pursuant to the approval of the freeholders of said City
who were qualified electors at an election duly called and held, and pursuant
to an ordinance duly adopted by the City Commission of said City. +7
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It is hereby certified, and recited that all acts, conditions and
things essential to the validity of this bond exist, have happened and have,'
been done, and that every requirement of- law affecting the issue thereof,
has been duly complied with and that this bond is within every debt and "
other. limit prescribed bu the Constitution and laws of said State; that the ".;'
full faith and credit of the. City of Clearwater, in the County of Pinellas,
Florida,, are hereby irrevocably pledged for the punctual payment of the
principal and interest of this bond accordisig to its terms; and that
provision has been duly made for the levy and collection of a direct annual
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tax without limit as to rate or amount, upon all taxable property within ?
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sufficient to pay the principal of and interest on this bond as the ?
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same shall become due.
This bond may be registered as to principal only or as to both
principal and interest in the manner provided on the back of this bond. ;
IN WITNESS WHEREOF the City of Clearwater, in the County of
Pinellas, Florida, has caused this bond to be signed by the manual or
facsimile signatures of 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 4
or facsimile signature, and its corporate seal, or a facsimile thereof, to
be affixed hereto or imprinted hereon, and the coupons hereto affixed to
be signed by the facsimile signatures of said City Clerk, City Manager
and Mayor-Commissioner, which signatures are hereby confirmed,
and this bond to be dated the: first day of March, 1971..
CITY OF CLEARWATER, FLORIDA
By
City Clerk ,
By
Countersigned: City Manager
Mayor-Commissioner y
Approved as to form and °
' correctness:
City Attorney " .
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Titles and Purpose Clause to Appear
in Different Issues
Title: "Park and Recreational Facilities Bonds. "
Purpose: "Two Million Eighty Thousand Dollars ($2, 080, 000)
and is issued for the purpose of paying the cost of the
construction and acquisition of parks and recreational
facilities in and for said City, ".
Title: "Street Improvement Bonds. "
Purpose:, "Three Million One Hundred Thousand Dollars
($3, 100, 000) and is issued for the purpose of
paying the cost of the construction and acquisition
of street and road improvements in and for said City, ".
Title: ."Land Acquisition Bonds. "
'Purpose: "One Hundred Fifty Thousand Dollars ($150, 000),
and is issued for the purpose of the acquisition of
land and improvement thereof as a sanitary land
fill in and for said City, ".
Title: "Building Bonds. "
.Purpose: "One Million Nine Hundred Seventy Thousand Dollars
($1, 970, 000) and is issued for the purpose of paying
the cost of the construction, acquisition and
improvement of various municipal buildings in and
for said City, !'.
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No COUPON
1 1 j rub ? ;{j??l'
• The City of Clearwater, in the County of Pinellas. Florida, dl>x ry;•:f
will pay to bearer
Dollars ($
on the.first day of., lq ..in lawful money
t?•r ???? sin: ';i
of the United States of America, at they,'
being six months interest due that day on its
Bo"Id, dated March 1, 1971, No.
CITY OF CLEARWATER, FLORIDA
City Clerk
Hy City Manager
By
Ma yor-;Commissioner =
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CERTIFICATE OF VALIDATION
/ I II .r??f rl?i
This Bond is one of a series of Bonds which were validated .`
and confirmed b decree of the Circuit Court of the Sixth Judicial
Circuit of Florida in and for Pinellas County, rendered on the
S day of , 19
?? sla
i ):sr
, 51
ICI
Clerk of the Circuit Court
of the Sixth Judicial Circuit
" of Florida in and for Pinellas
County, Florida
(Redemption Provision to be inserted in
callable bonds.)
"The bonds of the issue of which this bond is one maturing after
September 1, 1982, are redeemable prior to maturity, at the option
of the City, on September 1, 1982, 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 prior
redemption plus premiums, expressed as a percentage of the par value
thereof, of three per centum if redeemed on September 1, 1982, and if
redeemed thereafter, a premium of three per centum, less one-fourth
of one per centum for each full year from September 1, 1982 to the
date of redemption prior to maturity. "
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y .F IE?d. ! ,?_a ?4; _t;)_?,y?. •.? n?[,E ,?•'. .. •'?? `i. t ? .. •1!•ri +??
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PROVISION FOR REGISTRATION
This bond may be registered in the name of the holder on the
books to be kept by the City Clerk of the City 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 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 may be discharged from
registration by being transferred to bearer, after which it shall be
transferable by delivery, but may be again registered as before. The
registration of this bond 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
bond is registered as to interest as well as principal and thereafter the
interest will be remitted by mail to the registered holder. With the
consent of the holder and of the City of Clearwater, this bond, when
converted into a bond registered as to both principal and interest, may
be reconverted into a coupon bond and again converted into a bond registered as
to both principal and interest as hereinabove provided. Upon reconversion
of this bond when registered as to Principal and interest into a coupon
bond, coupons representing the interest to accrue upon this bond to date
of maturity shall be attached hereto by the Registrar and the Registrar
shall note in the registration blank below whether this bond is registered
as to principal only or payable to bearer.
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t { ?`y .it;?`.t''?• 4 . }:k r .?{.?!}.f."'7:? f:r.*+';'_?``i,'$..r. ,.trb' pie. r!': .,i?' t ,a,.,'.r .. ... ? ??`; ? yr
without limitation as to rate or amount, upon all taxable property in the
?• i
City of Clearwater, which tax shall be in amounts sufficient to produce
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Section 10, Said bonds shall prior to their issuance, be validated
DATE OF IN WHOSE
MANNER OF : SIGNATURE k
REGISTRATION : NAME REGISTERED : REGISTRATION : OF REGISTRAR 1 `{'
'•
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Section 9. That in each year whi le any of said bonds shall be
r ,tnr, YAM_'? ,."'?• ..',`? s•'?"
outstanding there shall be levied, assessed and collected a direct tax
the sums necessary to pay the interest on said bonds as it falls due and
the principal thereof as they severally mature.
by decree of the Circuit Court of the Sixth Judicial Circuit of Florida in and
for Pinellas County, and the City Attorney for the City of Clearwater is
hereby authorized and directed to cause such proceedings for the validation
of said bonds to be instituted, and the appropriate officials of the City are
hereby authorized to verify the complaint or other pleadings in such
proceedings and that when validated the said bonds shall be sold as provided
by law.
r
PASSED ON FIRST READING November 16, 1970
PASSED ON SECOND AND FINAL
READING AND ADOPTED November 16, 1970
1
Attes ?•
C Clerk .
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r CI.EARWATER SUN
Published Daily
Clearwater, Pinellas County, Florida
0 STATE OF FLORIDA
COUNTY OF PINELLAS%
Before the undersigned authority personally appeared W. Paul Harris, who on
oath says that he is the itusluess Manuger of the Clearwater Sun, a daily newspaper
published at Clearwater In Pinellas County, Floridas that the attached copy of
advertisement, being a ...,NOtl.CSr
......................>....................................,....... In the matter of
.Ard1n;anr,e..No....1294 ...................... I ..............,. r............
7CKM .....................:G34]CXXX• + • . • • . . . . . . . . . . . . . . . :ftW, was published in
said newspaper in the Issues of ..11ovember..1.g.0 19L70 ......................
............................................................. ........... I...i ....
Affiant further says that the said Clearwater Sun is a newspaper published at
Clearwater, in said Pinellas County, Florida, and that the said newspaper has
heretofore been continuously published in said Pinellas C )unty. F rida, such day; and
has been entered as second class mail matter at the post a In earwater, in said
Pinellas County, Florida, for a period of one year next pre nq the rst p Zither of
the attached copy of advertisements and affiant furthe",?.I that a has either paid
nor promised any person, firm or corporation any dis u f. rob to om ion or refund
for the purpose o[ securing this advertisement for u Ica n th d newspaper.
I
Sworn to and subscribed before me
this....19.thrr-dcsy of HQVvgf?h.e?.,... A.D. 07.0. „
(' ?f J?t'?f otary Puble State of fllatda M W91.
tiotasy rrrbllc~ 1fy Commission Expires DEC. 9. 1'173
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