1933-05 Interest on Delinquent BondsThe following resolution was offered by Councilman McCarthy who moved its
adoption, motion seconded -.by Councilman Brass and passed:
RESOLUTION
BE IT RESOLVED by the Mayor and City Council of the City of dkeechobee,
Ile Florida, that:
0
l.. Bonds, delinquent interest coupons, or other due or past due obligations of
sald City shall be receivable at par in the redemption of lands within said mun-
icipality for all tax sales or unpaid taxes levied for the year 1931 and any and
all prior years, PROVIDED HOWEVER that the taxes levied by the said City of Okee-
chobee, Florida, under and by authority of the Circuit Court of the 21st Judicial
Circuit in and for Okeechobee County, Florida, wherein the said Circuit Court comman(
the said City to levy 13 mills in a mandamus suit therein pending, shall be paid
in cash.
2. BE IT FURTHER RESOLVED that the Clerk of said City of Okeechobee, Florida, iE
hereby authorized and directed to cancel and satisfy all unpaid tax certificates
or other evidence of tax lien upon the receipt and delivery by the delinquent tax-
payer to the said Clerk of an equivalent amount of bonds, delinquent interest
coupens or other due or past due obligations of said City of Okeechobee, which
equiva2ent amount of bonds, delinquent interest coupons or other obligations as
aforesaid., shall be received, accepted and held by the proper custodian in exchange"
of the cancellation , satisfaction or surrender of the tax certificates or other
evidences of tax lien for which the same was received and accepted, and such bonds,,! i
est coupons or other due or past due obligations of said City, for wh1bh the exdhange
was made, shall thereafter be held and constitute an asset of the said municipality..,
i�
3. A complete record of all such bonds, interest coupons and other evidences of
debt taken under this resolution shall be kept by the custodian hereinafter appointed
by said City Council, and said bonds, interest Qoupons and other evidences of debt, so
so taken and held, shall constitute an asset in trust thereof for the use and benefit
of the City of Okeechobee., Florida.
4. Be it further resolved that no bonds or other obligations of the said -City of
Okeechobee, Florida, shall be accepted as herein provided., unless and until the taxes
for the current year of 1932 shall have been paid in cash.
5. BE IT FURTHER RESOLVED that R. P. Fletcher is hereby designated as custodian
of said bonds, interest coupons and other evidences of indebtedness, who shall keep
and hold the same for the account of the parties in interest.
PASSED in regular open session this the 3rd day of October, A. D. 1933.
Attest: R.� P. Fletcher
City Clerk
J. H. Walker. Sr.
D. B. McCarthy
J. D. Brett
A. W. Brass
Councilmen
(City Seal) Alto Watford
Acting Mayor.
Judge Conely addressed Council relative to payment of Florida East Coast.Ry.
taxes for 1932 with bonds. Council tefused to-'pe-zmit payment�,of 1932 taxes with
bonds.
The following committee was appointed to arrange for a loan from the U.. S.
Government to be used in makinR reDairs to Citv streets. sewers and waterworks! n. T;.