1921-01 Time WarrantsCouncil of the Citl- of Okeechobee, and that they have r�cejved the
foregoing notice 0 f a Special Meeting of the Citv Councrlbf tile
City of Okeechobee, Florida, as therein specified,, and that they
have appeared in response thereto for the purpose of attending the
said meeting and for the purposes therein named.
W. T. Goode
0. 0. Davis
J. S. Underhill
R. E. McLaughlin
H. C. Adams
Sworn to and subscribed betore me this the 21st. day of
March, A. D. 1921.
(SEAL) All councilmen being present.
D. E. Austin, Mayor,
Geo. F. Parker, City Attorney,
W. W. Dunnicliff, City Clerk Also present at this meeting.
The Council was called to order at 8 o'clock p.m.
The following resolution was offered by Councilman R. E. Me-
A
Laughlin, seconded by Councilman 0. 0. Davis; The vote stood
as follows:
W. T. Goode, Yea
0. 0. Davis Yea
J. S. Underhill, Yd -a'
R. E. McLaughlin, Yea
H. C. Adams, Yea None voted Nay.
The following Res
,olution carried unanimously:
RESOLUTION.
A RESOLUTION AUTHORIZING THE MAYOR AND CITY
Council of Okeechobee, Okeechobee County,
Florida, to issue interest bearing Time
Warrants, for the purpose of Paving, 11acadam-
izing or otherwise improving certain Avenues,
Streets or parts thereof of the City of
Okeechobee, The amount thereof, and the sale
of the same, the rate of 1nterest and the
Time and place of lbaympnt--,of-the principal
and interest, and to provide for a sufficient
tax levy annually for the purpose of providing
a fund for the payment of the principal and
interest as they may become due and payable as
authorized under chapter 8320, Acts o; the
legislature at its session,- A. D. 1919.
Be It RESOLVED BY Ta MAYOR ADD CITY COUNCIL OF 'TH-7 CITY OF
0 n� 7, C HO P R E ., 141ORIDA COUNTY, FLORIDA.
Section 1:-- The Mayor and the City Council of the City of
Okeechobee Florida -s of law and this reaolut,
subject to the provision
N
are herQby authoriz.ed to issue interest bearing Tir,-,e Warrants of said
City under the seal of said Corporation, in the sum of Forty-three
Thousand Dollars, ($43,,000.00), for the purpose of paving, macadami-
I i
zing or otherwise improving certain avenues, streets or parts thereof
it
of the said City of Okeechobee County, State of Florida, as authorized
under Chapter 8320 of the Acts of the Legislature at its session A. D.
1919; said certain avenues, streets or parts tLereof being described
as follows, to -wit:
4-v
North Park Street from West City limits to East City limits;
South Park Street from Parrott Avenue to Osceola Street;
4
Osceola Street from Tenth Street ti Petit Street;
Hiepochee Street from North Park Street to Seventh Street;
Miamee Street from Seventh Street to Eighth Street;
Miamee Street from South Street to Sixth btreet, South Okeechobee
Subdivision;
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Kissimmee Street from Borth Park Street to South Park Street;
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Kissimmee Street from First Street to Second Street;
Parrott Avenue from Uorth City lirits to South City liuits;
Second Street from Parrott Avenue to Kissimmee Street;
Seventh Street from Okeechobee Avenue to Riwassee Street;
Hancock Street from Borth Park Street to South end of E. R. Wright's
Addition;
Tenth Avenue from Osceola Street to Parrott Avenue;
Ei?hth Street from Osceola Street to Cherokee Stre,..t;
Sixtk., Street 1'rom Parrott Avenue to Hiwassee Strect;
Fifth Avenue from Osceola Street to Hiwassee Street;
Petit Street from Osceola Street to Okeechobee Avenue;
Okeechobee Avenue from Eighth Street to So-ath City limit;
County road from Okeechobee Avenue to West City limits.
Section 2:-- Said Time Warrants to be signed by the Mayor, counter-
signed by the President of the City Council, and attes�ed b y t ne
Clerk of said Cit,_� with the seul thereof affixed, and with interest
coupons attached signed in like manner, with the facsimile signature
thereof lithographed thereon.
Section3:-- The amount of said Time Warrants shall be Forty-three
Thousand Dollars 043,000.00), dated April lst, A. D. 1921, and
shall be in such form as the City Council -shall hereafter adopt, and
shall bear interest at the rate of six per cent. per annum, payable
semiannuallyp Said Time Vlarrants shall be in denominations of �500.
Ji
00 each, and both principal and interest shall be payable at the
Bank of Okeechobee, Florida,or at the American Exchange National
Bank New York City, New York-, at the option of the holder. The prin-
cipal of said Time Warrants shall be payable as follows: $5000.00 0
the lst day of April, A.D. 1923 and $5000.00 on the let day of April of
each and every year thereafter up to and including the lst day of
April, A.D. 1930, and the sum of $3000*00 on the let day of April,
A.D. 1931;, shall be numbered from I to 86 inclusive, and be dated on
the lst day af April, A. D. 1921. The interest thereon shall be paid
on the let day of October, A.D. 1921, and the let day of April and
Octoblr ach and everT year thereafterm until fully Paid.
Warra
ailfTeime o be sold by said City Council after thirty
days notice by publication in a newspaper printed within the City of
Okeechobee and some money center, to the best bidder, but not for less
then 95 cents on the dollar, plus accrued interest, reserving -the
right to reject any and all bids, and if not sold..the City Council
may cause new notices, and call for bids, to be made in like manner
4,
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from time to time until sold.
Section 4:-- Said Time Warrants shall be,issued without delay, by
the said City Council, and be dated, such date as herein provided.
Before the issuance of said Time Warrants the City Council Shall
provide by resolution for an interest and sinking fund, for the pay-
ment of the principal and interest thereon as the same may become d-ae
and payable, by a tax levy upon all the real,and personal property
within the Oity of Okeechobee, subject to taxation, of sufficient
millage as may be necessary for purposes.
That the derositor.,7 hereafter named by resolution shall be the
custodian of said funds, and shall pay the same to the redemption of
the principal and interest thereof as the same may become due and pay-
able according to law.
Section 5:-- This Resolution shall take effect immediately upon its
passage anq approval by the Mayor.
Read a first and second time, and by unanimous consent read a
third time, and passed in open session of the Cit:i Council this the
21 st day of March A. D. 19;�l.
W. T. Goode
President of City Council
Attest:
W. W. Dunnicliff
City Clerk. -
Approved this the 21st day of March D. 19,11.
_,A.
D. E. Austin.
Mayor of the City of
(SEAL) Okeechobee, Florida.
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The following Ordinance No. 54 was offered by Councilman 0. 0. Davis
and seconded by Councilman R. E. YcLaughlin and carried unanimously.
The vote stood as followa:
W. T. Goode, Yea
0. 0. Davis, Yea
J . S. Underhill, Yea
R. E. McLaughlin, Yea