1920-12 Issuance of Bonds Levy of MillageR7,30LU'J77TOIT A*DOPTTT,1('? 'JAT'M,_ 4VI OR! 3 141
BOND POP1.11
On motion of Councilman
W. P. Underhill, secoxided by
Councilman E. E. Wright, the
following reso!Ltion was introduced.
:,i'r Th(� "Ity 0011.11C'l of. t�p
City ()P
OTT T'f�- FLORID', has
heretofore found that it is neces2ary to nrovide for the construction and
erection of watervorks in said City, and to isFue bonds there or:
I -_ �� 1�07- 1171
IT T,") T'7,RET, 0 13 R73, by the City Council of the City of Okeechor-
bee, Florida, th(at for t'r e mir-oose of constructir.�- and e-rectiiaf- wat(:.,.r-
,.�rorks in saiJ (,-i4-,,7, there are he-rPb-7 authori7.e,_1 to be issiied 80 water-
works bonds for the a�zj�-�rp_-_ate sum, of �IIJ40,000-00, of "W -*5G-0-00 each, iiumberedT
from 1 to 80, both inclusive, bearinp-, interest evidenced by colinonq at the�
rate of si-.�: (6) -(,,er centum oer ai,num_ oayable on the first
day of October arid. April iii each ai�d everi year; said boi�ds shall be Olated.
the first day of April-, A. D. 19"30, aiid become due as folloivs:) �4,000.00
on the first day of Aoril, A. D. 1(�;40, and �4-000.'jO every year there-
after uo to %nd li-icludinli� the first day of April, A. '--). 19419,said bonds
to have intere-t coupons attache,1 the-reto. Said bonds are to be in sub-
stantially the followinr� formi, as adonted by the said Citj Council, arid
najable at t1he Ba%.-ijk of Okeechobee, Okeechobee, 111orida, or at the 11meri-
can ITational �3ank,, Yew Yorzkl - 'ity, State of Hel"! at trie
00tion of tl'e- holder; unO for the Dromot oa.:pnexit of lu-he3o bonds aiid the
irit-erest thereon as they become resoectively due, the full faith, credit
and resource o -f tlie said City of Ojc�iechobpe, are hereb.�T irrevocably
pled�_--ed.
T" I "1L'T1,'-
IT T '! 9 11 -) that t,, bonds hereb.7 authorized shal-L be in
substantiallj the followiiig from:
Dollars
STATE OF ?LO1R1D1t'%
OT1T1,ff_`"_r �717 0 p- 0. , r
C TT r 0',
.3
JA'_N' -WOR!'�"
KNOIN iiLL 73'� that the Cil 'y of Okeechobee, ill the
"ounty of Okeechobee, State of Florida, a maniciioal�cornoration, duly
organized under the "onstitutiori and Laws of the State of Florida, for
value received, acknoalnd��ea itself to o,,.,ie and oromises to Day to bearer,
on the first day of Apr il, ,'x. 1). 19L�-j , the T)-rincipal sum of FIVE -TLjj1TD F ';;,, D
(�5AUO) DOLLARS with' Iyitere2t thereon from the date hereof until naid,
-13' s 1 - ) ner cent oer ai�ruT.,a, Dayable se m -i -annually on the
at the rate o. x (0
first days of October aijd Anril of each and eirerj year, until the orin-
cii)al hereof shall be fully naid, uooici presentation aiid surrender of the
interest counons attached, as they severally become due, both J)rincinal
-arid interest are -oayable in gold coin of the United States of krierica, at
the Bank of Okeechobee, Okeechobee, Florida, or the i'jmerican 3'xchang-e
National Bank, _'_e%�i Yor.1' 0i tj , - State of llpra York, at thp o'Otior, o-." the
holder, and A' -*or the T)rompt nayment of the installments of Princioal and
Interest of this bond, as they respectively become .io full faith,
due, tl
credit and resources of said C"ity are hereby irrevocably pledged.
This bxid is one of a series of bon�s o.f like date and tel-jor, except
as to ni�mber and maturitj, issi-,ed b,r the City of Okeechobee, Florida,
under the authorit,-7 of and puromant to and in full comloliance, with t-7
resolutions anft ordinances of said City dnl,-7 nassed, a0lroved-arid
L
as required bj la -r, and oursuai,t to and in full comDllance witli -L),
rRonlrements of the Constitution and the Laws of the State of Flortla,
It is further certified and recited that all acts, conditions �13
arid thinos required by the Constitution and Laws of the State of Florl a,
and by the Charter of said City, and amendments thereto, to exist, happen
exist,
and be nerformed, orecedent to and in the issuance of this bond,
have happened and been duly done and nerformed, in reg -alar and due form,
time and manner as required by law, includin�- a validation thereof by a
decree of tulne Circuit Court of the Fifteenth Tudicial Circuit of the State
of Florida, dated on the �ay of , A. '.D. 2:9230, and taat
the amount of this bord-, tor�,ether -,*tith all othor inde-gedness of said City,
does not exceed limitations imposed either b.7 the 'Clonstitution,the
3tatutes of Florida or b. -I the Charter of said City or amendments thereto.
I JT T T '? I -T"T3 0)", the. said City of Okeec�iobee has caused this bond
to be signed by its 11ayor, countersigned by the President of the City
Council, and attested by its Clark, and its corporate seal to be imDressed
hereon, and has caused the interest coupons hereto attached to be executed
with the facsimile signature of said officials this the lst day of April,
A. D. 1920.
D. E. Austin
Major, City of Okeechobee, Florida.
COUNTEIRST(INED:
A TTF,3T: D. R. Mcreill
President of the City Council of the
7. 'J. Dunnicliff City of Okeechobee, Florida.
Clerk, City of Okeechobee, Florida.
(SEAL)
COUPON
On the first day of October, &. D. the City of Okeechobee,
in the State of Florida, promises tb pay to bearer Fifteen Dollars,
($15.00) at the Bank of Okeechobee, Okeechobee, Florida, or at the
American Exchange National Bank, City of New York, State of Neiv York, at
the option of the holder, being the semi-annual interest due that day on
its bond dated April lst, A. D. 1920, No.
D. E. Austin
Idayor, City of Okeechobee, Florida.
00UNT1,23T0111"j-7): . I
rt 'T:
ATTE.3
D. R. ITC11eill
President of the City Council of the
'1- W. Dunnicliff — City of Okeechobee, Florida.
-Cle�k, City of Okeechobee, Florida.
The above resofilution was on motion of Colincilman C. R. Brooks,
seconded by Councilman W. 2. Underhill,_duly adopted by the followIng
unanimous Vote, all vo ing yea and none nay. Yea D. R. McNeill
Yea R. L. Pearce
Yea 1J. P. Unaerhill
Yea C. R. Brooks
Yea E. R. Wrip�ht