1947-02 City IndebtednessRESOLUTION
WHEREAS the city of Okeechobee, Florida, is the only
Incorporated municipality within the boundaries of Okeechobee
County, Florida, and
WHEREAS, the developement and progress of the entire
County of Okeechobee, is more or less dependent upon the
financial, educational and cultural leadership of the city
of Okeechobee, and
WHEREAS, the city of Okeechobee has outstanding Bonds
and Certificates of Indebtedness, in the sum of approximately
Six Hnndred and Fifty Thousand Dollars, and
WHEREAS; the potential and/or actual value of the
property located within the boundaries or limits of said
city, is not of sufficient value, to insure the paymentA of
said indebtedness as the same severall becomes due, w1hout
the levy of an unreasonable and confiscatory mileage, and
WHEREAS, the county of Okeechobee, Florida, receives,
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annually, from what is commonly known as the RACE TRACT
fund, a sum of money in excess of the actual requirements
of said codnty for all legitimate purposes, therefore
BE IT RESOLVED by the city council of Okeechobee,
Florida, that Hon. 4. J. hendry, and Hon. Ray Carrol., "ep-
resentative and Senator, respectively, of Okeechobee County,
be and they are hereby respectfully requested to introduce
and have passed at the present session of the Legislature,
the Bill and/or Act hereto attached.
PASSED IN REGUL4,ti Ub6ION 0 this the �Jrkday
of May, 1947.