1935-06 Sale of Bonds'WHEREAS, the City of Okeechobee, in the Countyof Okeechobee and State
has heretofore issued and sold bonds of the said City for the purpose
of.Florida,
of making certain improvements, including the paving and haxd-surfacing of streets,
construction and laying of sewers, drains and water mains, §ad
WHEREAS, a large percent of the owners of property in the said City
of Okeechobee have failed to pay taxes on their property, both real and personal.,
for the past.several years,, and
WHEREAS, it is impossible for the said Cityof Okeechobee to meet its
obligations due to the non-payment of taxes, and
WHEREAS, a large amount of bonds and interest of said City is now
past due and unpaid, and
WHERITECASP the City Council of the City of Okeechobee, Florida, deems
it expedient and to the beat interest of the said Ci y that some relief be
- - ,
given the tax p&psa"Pmift*rdd00Wa* tame0ft
said City be met,
NOW$ THEREFOREs BE IT RESOLVED, that the Tax Collecter of the City
of Okeechobee, Florida, be, and he is hereby instructed and authorized to accept
bonds, at par, of the said City og Okeechobee, with all unmatured coupons hereto
attached and/or matured interest coupons of any such bonds in payment of taxes
of every kind whatsoever, including interest or penalties thereof levied or
assessed by the said City of Okeechobee, Florida, for all years prior to the year
19332 PROVIDED, HOWEVER, that such.amounts levied during the yeaxs 1931-32
and 1933 for debt service by virtue of Court-Otders shall be paid in cash and
provided further that when bonds and/or interest cojpons are so accepted by the
Tax Collector of the City of Okeechobee, Florida, in payment of taxes levied or
assessed for the years aforesaid, then and in thtt event, before such bonds and/or
interest -,,oupons aforesaid are accepted in payment th-eteof., taxes levied and
assessed by the said City of Okleechobee, for the yeax'1934, both real and personals
shall be paid in- cash. Be it further rebolveds- thatIthe Tax Collector of said
Cityp be, and he is, hereby authorized and instructed to permit the redemption
of .9.11 taxes on the last assessed valuation of property, provided same is the
lowest assessment of any- yeaxs for which said taxes are delinquent.
BE IT FUEVCHER RESOLVED that the payment and redemption of said taxes in pursuance
of this resolution shall be a2lowed for a period of ninty days from the date
hereof and upon the -expiration of the time for the payment and redemption of said
taxes under the provisions of this resolution, the Tax Collector shall proceed to
collect taxes in the same manner prior to the passage of this resolution.
Read a first time and by unanimous conaent passed to a second reading,
Read a second time and by unanimous consent passed to a third and'final reading.
Read a third time and passed in open session of the City Council this 15th. day
of March, A. D. 1935.