1920-11 Street Paving BondI
Yea ' D. R.' 1TcVe ill 137
Yea R L. Pe'ar c e
I
Yea J Urderhill
Yea t r- o_ o' k- "i
Ye a Wright
Councilman
.�'._J.JOLUTIOI-� ADOPTING STREE'T PAVI1'q7G
On motion of Councilman
R. Brooks, seconded by
Councilman R. L. Pearce, the
followinc� resolutior, was intrduced-
the Cilt,, Cou.Lcil of the CTTY OF 0K�,:1'E1,-,'T0_1j'7�, FLORIDA, has here -
H 31�,
toforp found that it is necessary to provide for the paving of -streets
In said City, and to issue bonds there-lCor:
IT TS T!T-14TRii,F0-1E 1,1]"OLVED by the Clt,� Council of the City of Okeech-
obee, Florida, that for the purpose of paving the said streets in said
City, there are hereby authorized to be issued luO street paving bonds
for the ap7gregate sum of ;)80,000.00 of "500.00 each, numbered from I to
16'0 both inclusive, bearing interest evider3ed. bj couDoi,8 at the -rate of
six (6) ner centum ner annum, payable semi -annually on the first days of
October and April in each and every year; said. bonds shall be dated the
first day of i1pril, A. D. 1920, ,�nd become due as folloi,�is: �8,000-00 On
the first day of April, A. D. 1.040, and `8,000.00 every year thereafter
un to and including the first day of April, A. D. 1949; said bonds to
have interest couoonis attached thereto. Said bonds are to be in sulostan-
tially the following, form, as adopted by the said City Council and pay-
able at the Bank of Okeechobee, Okeechobee, Florida, or tit the American
Exchange 1�ational Bank, Vlew 'fork City, State Of li'ew York, at the option
of -the holder; aiid for the oromDt payment of these bonds arid -interest
thereon as they become du -e, the fnil faith, credit, and resources of the
said City of Okeechobee are hereb.-Y, irrevocably pledged.
IT IS FURTTL�R R'E,5OLV7'4,7, that the bonds hereby authorized shall be in
ubstantially the following form:
Number UITIT-EM STATES OF A1=',ICA Dollars
ST-�,TE 01' F140RIDA 500
COUUTY OF OKDEECTTOB&!�
CITY OF OZEECHOBBIE
3TFE'�',T PAVING BONDS
K'ITO�T ATJ, Tjj�jl 13Y THE3H PREJSENTS, that the City of Okeechobee, in the
County of Okeechobee, State of Florida,a municipal corporation, duly
organized undei the Constitution and Laws of the State of Florida, for
value received, acknowledges itself to Owe, and oromises to pay to - bearer,
on the first day of April, A. D. 1,.,tc, tj1p q!)RE
nriri(.Iir)al sum, of Fj'l.& MT111 . D
(9500.00) DOLLii.'_R3, with interest thereon 'rom the date hereof until paid,
at the rate of six (6) per cent per annum, nauable serii-arinually orl the
L oril of each and ev-erj year, until the prin-
first days of October,and A
cioal hereof shall be fully -oaid, unon presentation ' and surrender of the
Interest coupons hereto attached, as they severally become due, both
principal and interest are Dayable in gold 3oin of the United States of
America, at the Bank of Okeechobee, Okeechobee, Florida, or the Americaii
,Exchange National Bank, New York City, State of liew York, at the ontiol-I of
the holder, and for the orompt payment of the installments of principal
g4t�nterest of this bond, as they resoectively become due, the full
al credit -and resources of said City are hereby irrevocably pledFred.
r-
-2- 139
This bond iB one of a series of like date and tenor, except as to
number and maturity, issued by the City of Okeechobee, Florida, under the
authority arid Dnrsuant to and in full complianco with the resolutions
and ordiances of said City duly Dassed, aDDroved and adoDted, as required
by law, and nursuarit to,,Arid in full compliance with all the repuirements
of the Constitution arid Laws of the State of Florida, for the pnroose of
Da ing a portion of the'costs of imoroving certain streets in the said
CRY -
It is further certified and recited that all acts, condition.3 and
things required by the Constitution arid Laws of the State of -Florida,
an&�he Charter of said City and amendments thereto, to exist, hanpen
and be Derformed, orecedent to and in the issuance of this bond, exist,
have hannened, ay,d beeil duly done aiid Performed, ii., regular arid due form,
time arid manner as required by law, including a validation thereof by a
decree of the Circuit Court of the Fifteenth Judicial Circuit of the State'
of Florida, dated oia the day of A. D. 1920, and
that the amount of this bond, together with all ot�er indebtedness of
said City, does not exceed any limitation imoosed either by tho Constitu-
tion, the 3tatutes of Florida of' by the Charter of said City of amendmentsi
thereto.
II,T' 7ITY"7313S '177"IT,30F, the said City of Okeechobee has caused thiB bond
to be signed by its Mayor, countersiprned by the -President of the City
Council, and attested by its Clerk, arid its corporate seal to be impressed!
hereon, and has caused�the interest coupons hereto attached to be executedl
.vith the facsimile signature of said officials, this the lst day of Ap.ril,.'
A. D. 1920.
'1' 0 TUR Ti4Mi T;'r1K1;,D:
ATTEST:
W. 'J. Dunnicliff
Clerk, City of Okeechobee Florida.
(SEAL)
0 0 U13 0 �7 T_
D. E. Austin -
Mayor, City o f Okeechobee, Florida
D. R. 11cNeill
President of the City Council o
the City of Okeechobee, Florida.
A4R*44:-
Onthe first day of October, A. D. 19 the City of Okeechobee,
,,,In the State of Florida, nromises to pay to bearer Fifteen Dollars ("i5.00% I
V
at the Bank of Okeechobee, Okeechobee, Florida, or at the American Exch-
anpre National Bank, City of New York, State of York, at the o'otion Of
the holder, being the semi-arinnal interest due that day on its bond dated
April'lst, A. D. 1920. No.
r.E.Austin
f Okeechobee, Florida.
Mayor, Oitj o.L
ATTEST:
1. '.'V. Dunnicliff
Clark, Citj of Okeechobee,Florida.
--j 3B"'.1U ) -
The above resoulution was or,
duly seconded bj Councilman 15.. L.
following unanimous vote:
All votinF Yea
and none Nay
D. R..7�TcNrill
President of the Citj Council of the
City of Okeechobee, Florida.
motion of Councilman C. It. Brooks,
Pearce, duly adopted by the
D. R. T.TcNeill
L.
Pearce
-R.
W. P.
Underhill
R.
Brooks
-C.
E. R.
'.,'Irip,,ht
COUNCTV�LIT