1934-03 Eagle Bay Drainage District.4
The following Resolution was offered by Councilman Brett, who moved its adop-
tion, motion seconded by Councilman Brass and pasd'ed:
RESOLUTION—
WHEREAS The farmers of the Eagle -Bay Drainage District are negotiating with
agencies of the Federal Government looking to the re -financing of the indebtedness
of said farmers concerning amounts due on their lands in said district, including the
amount due for Bonds issued by said district, and
WHEREAS, The City of Okeechobee, Florida', 'is the owner and holder of a large
number of said bonds, to -wit: Twenty-five Thousand of the value of Twenty-five
thousand Dollars, with accrued interest, and,
WHEREAS, The farmers of said district, through their regular constituted
representatives, have requested the City of Okeechobee to co-operate in the working
out of said re -financing proposition heretofore referred to, by agreeing to accept
a stipulated price for the bonds held by said City, and,
WHEREAS, The City Council of Okeechobee, Florida, is desirious of aiding the
agricultural development of Okeechobee County, and believes it to be of great
interest to the entire County and tax payers thereof, that the financial difficulties
of the farmers of the Eagle Bay Drainage District, as well as the farmers of the
entire County, be, so far as possible, relieved of their present financial embarr-
asEment,
THEREFORE BE IT RESOLVED, That the City of Okeechobee, Florida, will accept tho
sum of five percent flat, for the bonds held by said City, provided, however, that
this offer is made upon the expressed condition, that said bonds are to be delivered
to the agency aiding in the Te -financing herein referred to, and cancelled by said
agenjr, and provided further, that this offer is made for the purpose of aiding the
farmers aforesaid, and not for the purpose of merely disposing of s4id bonds.
Passed . in regular, adjourned session, this the 14th day of March, A. D. 1934.
Attest: (City Seal)
R. P. Fletcher
City Clerk
Approved:
Alto Watford
J. D. Brett
J. H. Walker, Sr.
-_K_._W_.Bras s
Members City Council
H. H. Hancock
Ma
Upon motion Co M3'ofixned.
MOP
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Attest: 0 K�