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RESOLUTION
N o.59-119
w
M, the First. National Bank of Clearwater
"AMP
is Trustee under and by virtue of a Construction-Trust
Fund Agreement dated June 10, 1957, which Construct-
ion Trust Fund iu derived from proceeds of the Sale
of Utility Revenue Certificates, Series 1956; and,
j' HEREAS, said Bank has submitted a bill in the
amount of $14.05 for its compensation, in acoordance
with the provisions of said Trust Fund Agreement, which
said bill should be paid from said Trust Fund;
11Oir7, THEREFORE, BE IT RESOLVED BY THE CITY COI iISSION
OF THE, CITY OF CLEARWATER, FLORIDA, IN SESSION DULY AND
REGULARLY ASSFI-MLED, AS FOLLMIS:
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1. That the sum, of $14.05 be-paid from the Con-
struction Trust Fund dated rune 100 1957, by the First
National Bank of Clearwater, Florida, Trustee thereof,
to the First National }Bank of Clearwater, Florida, in
payment of its bill dated December 10, 1959 for Trustee's
compensation as provided in said Agreement.
2. That a certified copy of this Resolution be
delivered forthwith to said Trustee, which certified copy
shall constitute the direction of the City of Clearwater
to said Trustee to pay said amount directly to itself.
PASSED AUD ADOPTED, this 2 2 tray of December, 1959.
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Attest:
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CITY OF CLEARWATER CONSTRUCTION FUND TRUST SERIES 1956
Funds deponited in Trust 1 942 900.11
Funds 'deposited to account City
f Clearwater Utility Revenue '; '•-``.; „f?'?,ra,sy
ertificates Sinking Fund 27,111911
Funds deposited to account City
From 12/10/57 to 12/10/58 1,457,94o.95
From 72/10/58 to 6110159 375,129.41
From 6110159 to 12/10/59 35,i4o.76 1,868,271.12
f Clearwater.Troasurers Excraw
ocount 310000.00
aid out by Trustee on
equisitions and resolutions
e follows:
glance cash on hand 12/10/59 72,673.2L
Accounted for 1,998,995.50
Truatee's Fee calculated to-112L1G/5
2
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' ., :• .•t Percents foe calculated an payout
$
86
.
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. of
l
8 271 12
1/10th of 1% of 1,000,000
1/25th of 1% of 868,211.12
sue.". Lose; percentage fee previously received
57
6 147.99
/l0 58 763:95
12/10 58
0
271
.24
9 1 40
Balance of fee to 12/10/59 now due
1,000.00
.28
1,3 7.2
1.333.23
14.05
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