1939-03 Execution of Notes to City OfficialsCouncilman Culbroth presented the following Resolution and moved its adoption, and
upon be seconded by Councilman Swain, was put to a vote and unanimously adopted:
R E S 0 L U T 1 0 N
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WHEREAS, �he City of Okeechobee is indebted to certain City Officials
hereinafter named and is without funds to satisfy said indebtedness and
WHEREAS) said officials have agreed to accept notes of the City for
the amounts due -them payable twelve months after date with interest at the
rate of 6fo por aanum, and
WHEREAS, if said notes are executed and delivered to said officials
t11ey will be enabled to obtain advances against said noted.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Okeechobee, Florida, that the president of the City Oouncil and the City
Clerk be, and they are, hereby authorized. to execute notes in the name of
the City of Okeechobee, Florida, to the following persons in the emounts
act opposite their names:
J. Hendry j26o.00
blossic Williams 10.00
L. L. Conrad 410.00
N. 0. Stewart 310-00
That said notes shall be dated June 15th, 1939, and shall bear interest
from date at the rate of &p per annum.
PASSED and ADOPTED in regular adjourned session this 13th day of
June, A. D- 1939-
H. H, Raulerson
President, City council I
ATTEST: Alto Watford
City Clerk