1948-01-05 Regulartion com~o~od off Oon~ncrical Fizhermoon, in their figh~ ~o re-open Lr. ke Okeechobee ~o com-
~oric':l ~ish~:~g.. Upon reouo~ by ~ho Council thc City Attorney offfered his opinion
~e. dvisod the C~uucil th~.t the money could uot be legally ffiv~n. Thc Cotmcil ordered the
~Ietter ,'.~.~d. ~e~i~iou fi!cd in tho office of City
Th,:~ ~ubjoct of t~. stow~ for the City Olerk'~ ~ ~ .... -
. ,-~ office w,~, di,~cu,..,~ed ~.md ~he Co,mci]
;~uthorized c ~ove to be ~)urch~sed for tho Olo~k~s office.
U~o~.~ motion the Oom~ci! ~.djourned.~~~~~,
on of-oilY Oouu~
ATT EST: ~~ ~__
Cit'~ O!crk
J~mu~y 5, 1948
The Oity Council of ~he Oi~y of Okeechoboe, Florido,, met in regul:ur cession
~?t the City H~l ou the ~bove d[~%~e ~ Y:3o P. ~. wi~h ~he following present: ~n, yor H. H.
'~ il ~" ~ . . ,~] l
R,.L-OI~:,O!I, Pr~ciden~ Z K ?~il!i'.~e~ Councilmen Dalton BroPtc, R. E. Ch~.,,..d_er, B. W.
Thom,~ ':-~ud A]_~o ..... ~,.~Pford, Wi~h G. O. Dur~.m~ce, Oily Attorney ~d Lor~na Pe~rce, Oily Clerk.
A.iin~es of the meeting held December l, 1948 w~re me~d",~.~,~..d. ~moroved,, {~.s read.
The following bills were ~qoproved m~d ordered o?id when ftmd~ ~re avail~,ble:
E. ~. Harrin~ton - Licm3.~ec & W~:,tcr Bill~ $ EE. 50
Flr. Power & Li~fht Go. - L!ght~ ~.md .Power 187.92
- ~ ,..,ter Dept 129. lO
City of Fort Pierce ~,~',' .
The O..m~ozo~ & B~,rk!ey Co.
.... ~ - :, ,,..., e r Dept. 30.48
Do~:,~r~s Mac~'iue Shop - St. & Sma. Dept. 15.O~
~'" Police &Fire 121 !7
Z. ~. .'~_i,.~,~, A~ent - In,urinate 55[
Gi]~r~ Culbre~h - Fire Dop~. - ............. r ...... .96
Th~ H. & B. W. Drew Co. - Clerk's Office Supplie~ g.26
NJ}: Service 82~'' . .
..~,~zon - ~. & Sm~ Dept. I O0
Woc~ern U'o. ion - Tel m~d Tel ~ 23
Inter Co Tel m~d Tel Co. - Tel amd Tel 1~40
9t,.nd~rd Oil C°. - i~iccel. E~. - .... ll.43
~ _ ~l~.:tcr & St & 9?n. De~t 21 89
Bm~uie ' 9uo,:ly Shop ~',~ -
At!~tic Service Striation - St. & S~m. Dept. 1!.50
Okoechobec H~'~rdw?.re Go. - Fire, S~.&Sm~., Police, ~.ter &
Miscol. Exp. (Stove) 123.68
. - . W,t~v Police, & Fire ~5.29
E W. Knight St & Sm~., ......... ,
So,~bo!~.rd Air Line Ry. Co. - St. & S~?o.. Dop~.63.50
H~.~,vcy Hm~rick ?.o,oo~.rod~., before tho Oozmcil a,nd ~*~t ........ ,d th~ tho v,~,-,~,m~ .... ~ ~n~d.
~noric?~ Logi~nc d. osirod to ,~onoor :~ ,
c~rnzw~l m~d reauestcd the Getup. cml ~o forego pay-
merit of lice'cae. Af$cr d.i~,,cuz,:,z~' on Ootmcilm~ ~,:.tford. moved tha~ th~ cv. rniv~l be ~,llo~d
to show witho~ ,~ license. MotiOn cocoudod by Couucilmm~ Chm~dler Ired uum~imou~ly ~omried.
C. H. Pmrkerzon pre~cnted ~., Florid~ Power ~.nd Ligh~ Compm~y check in the
mnouut of $~2.O1 as revenue ~2~:~ted in Section 6, Ordimmce No 223.
'
E. W. J'ackcon representing Thoma,~ H. Cook ,,.~.~'~'~' 0omo~my~. ~ offered ~o thc Oi~y
0keechoboc I - ~l,OO0.OO Rcftmdiug Bond ~t 75 flat. Councilm~, W~:tford moved 2ha~ thc
bond bo p~zrcb.~cd. ~{o~ion seconded by Oomxcilm~ Brottc and m~mximously e~,rriod,
A ~hec~-, in the ~notmt of :$200.00 wc.~ received from J. H W~urd for p~'ment of
T~xi Frv~chi~,~. After dincuesion by tho ,~ .
~ou~c~! Attorney D~r~co w~c requested ~o in-
vozti?~to hsv tho :;dj oinin~ ciPioz operated their t~i businocz and ~o repor~ ,,_2 nex~
regular Council meoq;in~. Therefore the ma~t~r was ~]Dl,d un~il nex~ '~n~etiug m~d tho Chm~
w'~:s returned i;o ivlr. W:~rd.
/146
0. 8. ~cDm...~i~l, Sr. re?resontiu5 the P?~3~ther Roofing Co~p~y gave
cos~ of re-ro~fing ~he w~ter plan~ ~ $635.00 ~nd ~he City H[~l! ~t $1,900.~00. ~on
~o~iou by Cou~cilm~.n Ch~d. ler ~9co~ded by Councilm~u Bre~te r. nd c~rri~d ~he Oo~a~cil
agreed to have ~;ho wc.t~ plan~ ~d c.i%y hall re-roofed. Upon ~i~ing %he ~on~rmc%
p~ou~ of 40% w~.s r~q~r~d.
Upon me, ion '~ CoLmcilm~ Thomae~ ~cconded by Couucilmom Brette m~d c~ried,
the Oouucil ~greed ~o ~n~te wo~cr 2o ~he heedinG.1 tu~i! comple2ed ~nd open for buziness.
0oLu~cilm~n ¥,~ford presented ~he followinE Ordin[u~ce ~nd moved its ~dop~ion,
~:_ud t~on being seconded by Cotu~cilm~a~ Oh[~.udl~r wus pu~ ~o ~. vote ~n~d ~u~imouely o.dopted:
0~IN~CE N0.
~ ~IN~0E PROVIDING ~R THE A0~UISITION ~D CONSTRUOTION
0F ~ENSIONS AND ~DITIONS T0 THE?ATER 8YST~ 0F THE OITY
0F ~EECHOB~, ~D AUTH0~ZING THE ISSU~0E 0F WATER REV-
EN%~ CERTIFICATES T0 PAY T~ COST 0F SAID I~ROV~NTS.
BE I~ O~AI~ED BY THE 0ITY COUNCIL OF THE CITY 0F 0K~OHOB~,
FL0~DA, IN SESSION DULY ASS~BLED:
~TICLE 1
~A~ORY A~HORITY? FIbbINGS ~D DEFINITIONS
1. A~HORITY OF THIS 0~INAi~0E. Thiz 0rdin[uB_ce iz ~dopted
z'~0.t ~o the provisionc of 0hap~er 8318, S?eci~l Ac~m of 2he L~l=tLLre of
the 82:ite of ~oridm, 1919, m~d ~en~n~s thereof aud mupplem~n%s %hereto,
b~ing ~ho Oh?.~er of ~h~ Oi~y of 0kecchobee, ~2~d other applicable provisions
of !~w.
2. FINDINGS. Ig i~ hereby found ~:nd d~t~rmi~.~d ee fol!owg:
A. Th~z~ ~h9 City. of 0keechobce now o~m~.s, opera~e~ [n~d maintains
such ~fmter ~¥~em since ~bou~ JLa. e, 1924; ~h~ such W~ter Sye~9m inc!ude~
o~her propertl~ and 9qLdpmont used in or coD.~.cc~d with the operation
main~en[n%ce of much sy~2em or the fLLrnishing of w~er for individuo.1, com-
morci[.tl, muu~_Stp~3 or other use ~othe rcsidc'nts :~.nd inhabit~z of
Oi~y of Okeochobe~.
B. Th~.t the Oi~y derivez Reven~ from r~ez, fe~ ~ud ch~ge~
~n,ado LJ~,nd col?.ected for ~he ~ervicez u. nd fo. cili~iem of z~d WoSer System,
[~..ud the Rove?~es derived by ~h~ City from so. id Wo3~cr SYstem ~e not pledge~
or 9nct~nb~re~f. in [.u~y m~_ner ~nd ~h~.~ no oblig~ionz of m%y kind or
~,re ch~rge~bS, e ag~i~as~ the Revenue:~ of ~2~y p~ of zaid W~.~er
0. Th~ i2 ic necezz~.ry for the pro~cc~iou of the peace, h~:~l~h,
prosper!2y, 2afe~y ~.nd ~lf~tre of ~he i:~h~bi%~.u~.tc of ~ho City th~%
Water System ~e improved by exteo~eio~.e ?~nd addi~ionc ~here~o, 'including
Rec9nditiouiug w=29r ~, ~ud repairc ~o pl~
eq~:ipment, new fi!~er, ~md now !i~_~9 ~o lake, new
ou~u~s~ ~ud ~encione of w~er
D. ~h~.~ the ne~ R~veuuc~ derived by the C~.~y from ~he
Sys~$m, over ~d~ _ ?.boys the coe~ of opc~a~i~.~ ~'u~d ~ain%en~uce, wi!! be
cufficieo.2, t~gc~hor wi~h ~he incr~[~cd Reve~z~ ~o be derived from the
1
o:c~,':n~q,~ ;'~;~ ~m~r~ve~n~te of e?.Jd. W~itor Sy~m, ~o p,~. ~he pri~oipal
of ~nd ~,~t,~r~ot ov ~.1! of tho
........... ,... er Revenue Cer~ificv. to~ i~eued pur~uv.n~
to ~hia Ordin~_~;~ a.~ heroinafi~r ~rovided., to ?ay operaliua: ~naea of
mcntl provided for in ghis Ord. in?mc~.
B. Tha~ ~h~ principt~.! of ~d in~ere~ on ~hc Ocr~ificv.~
bc ~leucd pur~uvm~ ~o ~hie Ordintmce~ ghc co~g of oper~.~in~ und
t~,i~iuo'... ~ . ~ the Wv.i~r System, vmd rzl! of the rezgrvo; ~inkin~ fund
~the~ ,~ent~~:,___ . . provided for i~.~ thim 0talin?race will be.paid ~olely from
the Revenue~ ~erived ~ ihe Citer. ~ from tho o~oerv.iion_ of c~.id ~{h~.%er
~mJ. it ~ill never be nece~s~ry or required to u~e the i,' '~
~...x~ng po~r of
~:...~.~,. Oi~ ~o ~v~... the 'orincip?~! of m~d ~otcre~t on th~ Wn.ter Revenue Cer~-
ifi~oc,, to be issued ~,,~-~,,,~*_ ~,.~,,~.~....., to thi~ Ordinm~ce, lo p~y', the co~ of
o~n~-~tiu~.~ ... ., .,' ~ ~_, .. ~?.iutaininp:_ the W?.ter 8ys~om, or ~o mvke vmy.., of ~he re~ervo,
sinking f~_m.d or other pr.:.~nnenls provided for in ibis 0rdinm~cc, ?.nd the
Wv.te~ Revcnu~ Ceriific~:.ies i~ucd ourcum~i to this 0rd. in~.v, ce shall noi
cour~itute v. lien Upon vmy off the prnperlie~ of s~tid ?f,aler SV~t~m or
~.~or. m~.y other ?roperty ~fn.,t,~oovor of the City.
F. That ihe Cite ~,~:~.ter Sy'st~m thy. l! b~ imoroved mad ~xtend~d
~,,~.~,,~-~1~,,. i~3 ~.ccord,~a~e with the plans ?.nd m~cifications prepared
by A. P. Bl~.ck ?.nd N. C. Ebaugh, Engineor~ and h~relofor~ filed in the
off~e of th~ Cily C!~rk, at :m e~limatcd co~i of $50,000, consisting
of <he orocoods of the obli~?.t~o~os :.~utnorzzcd by this 0rdin~nce. Such
cost shall be d.eemod to include the co~t of the construction or aCqui-
citi~n of tho improvements, o~ensions ruud ~ddz~;ions to s~d
Sysiem~ iocludin,T th~ aCquiSition of ?my lo. nd2 or inter ,i therein
of ~.uy fi~urc~ or eqtdpmcnl or prnpcrlies dm~d n~co~sary or convSnicni
therefor; interest upon C~riific~J;es issued pttrsuaoi lo t hic 0rdinz.nce
c. nd duri,~g, vmd for clx months after the complelion of ~uch
prior to, ......
improvements, oxteneions v.nd additionc; cnEine~ring and l~gal ~xpcnses;
crpe~eec for cstimo~ of comic ?.v.d of Rcvenu~; e~en~es for plmu~,
~pecifica~ion~ ?.v.d surveys; .~n,~uz,:.tr~iv~ e~cnc~z ~..~.~d st~h other ex-
-oour~9s az m~y 'be ncceamv~y or incident~.l to thc financing authorized by
~hir~ Ordinm~ce, wad She conc~ruc~ion or acquisition of the improvemen~e,
cxtc~sionm ~nd additionE authorized by ~his 0rdin~mc~ m~d the p!~cing of
sc~me in opera%ion.
}. 0RDIN~0E T0 00NSTIT~ 00NTRAOT. In oonzid~r~ion of ~h~
acceptance of ~he 0er%ific~es ~.~u~horzzed ~o b~ igsl~ed heretmder by
~ho~$ ~h~ mn~!i hold ~he z~ne from ~im~ %o %ime, ~hig 0rdinp~nco
deemed %o be ~d sh~l! constitute .~ con%rac~ between ~he 0i~y and suoh
0er~ifica%eho!d~rs~ vmd ~he coven[~n~z vnd t~greem~n~s her~in s~% forth
' .~ ~ ~- --',! pro~c~io~
2o ~>$ ~:erform~g by m~id 0i~y ~,h..~!l be for 2h~ ~q~. b~n~fi$~
:md security of the !e?jal hold,r2 of any mod ~1 of gi~oh c~r~;ificc.~g
the coupon~ '".~tt~.ched ~here~o, all of which ~h~-~l! be of equ~l r~k ~nd
withou~ pref~euce, priority or distinction of ~y of ~h~ Cmr~ificm~s
or coupon~ o~r ~uy o~hor ~hereof excep~ ~ exprc~!y~ providmd ~h~r~in
~d hor~i~.
~ ~ DEFINITION~. The following ~rm~ ~h~ll h~ve ~h~ fol!o~
lng m~mo. ing~ i~ thi~ Ordinmnce m~l~s~ ~he ~m~ o~her~e~ ~xpr~esly ~quir~:
(A) "City" ~h~l! m~n ~h~ City of Ok~cchob~e, Florida.
(B) "Ac~" ~b~l menu ~h~ Ch~r of ~h~ Oily, b~ing Chapter 8318, ~P~ci~l
Acte of th~ L~iel~ of ~h~ $~ ~f FloridB for the y~ 1919, ~d
~(G) "C~r~ifi~e~" mh~l~ m~ ~h~ $50,000 Wm~r Rev~nu~ cmr~ifico~
ori~u~!ly ~oriz~d ~o b~ iesu~d p~uon~ ~o ~hie Ordinmnc~ ~d ~h$ in-
~erc~ co~o~ ~ach~ ~o ~aid C~r~ifics~e~, ~d m~ll mleo b~ d~m~d
inc!ud~ ~y G~ific~e, and Sh~ in~r~ co~one o~ach~d ~h~r~o, mu~
m~qU~!y i~.~d p~mu~ ~o and within ~he limi~ione of ~hie Ordinmnc~.
(D) "Holder og Cer~ific~es" or "O~r~ific~hold~", or ~y eimil~zr ~rm,
chill m~a ~ person who sh~ll be ~he be~r~r or o~r of any ou~t~ding
C~r~ific?~ or~Certific~tem regis~r~ ~o b~ar~r or ~o~ regimented, er
~he re~is~re~ ovmer of ~ny ou~s~'~uding C~r~ific~t~ o~ Cer~ific~.~em ~ich
cha!l .~ tae t~$~ be r~gi~ered o~h~r ~h~ ~o be~r~
representing im~rem~ ~ccrued or ~o ~ccru~ on ~d O~r~ific~em.
(E) "~.t~r $y~m" ~h~l me~ ~h~ comple~ W~.~r Sye~m now o~d ~d
operate~ by ~h$ City, ~og~h~r ~h muy aud ~l! improv~men~,
~d mdditione ~h~r~o hcr~.f~r coo. s~r~cd or acq~drmd, ~n~d ~y and s~ll
prop~r~y uow o~ hereafter o~.~ed bM ~h~ City which mh~ll be u~d in co~-
nOc~i~u ~t~h c~d V~ter Sys~m ~ud sh~.~l_ includ~ (~hou~ b~ing limited
~o) ail lcnd~ Sr intere~ ~her~in, pl~n~e, buildings, m~hin~ry, fr~n~chi~e,
pipe~, fi~urSm~ ~quipment ~d all prop~r~y, r~al or p~r~on~l, ~gible
or in~n~tbl~ now or here~.f~r om~ed or u~ed in co~.~c~ion ~h e~id
W~er 8y~m
(F) "FacilitY. Se" ~hc~l! ~emu~ ~]! the f~cili~i~ of e~d ~'~er 8yeS,m,
ail par~s ther$of now o~d by ~he City, or con~r~d or mCq~dr~d p~r-
~d~d ~o ~dd ~a~r Sym~m, or ~u~y po~e ~h~r~of, by :~a~y o~ddi~ion~, b~r-
m~n~, ~x$~n~i~ns~ imorovem~n~, thereto~ o~ propcr~y of ~ ~ kind~ or
rem! or permouml~ t;n~gible or in~gibl~ hor~ftor oo~m~ruo~od or acquirsd.
(G) "R~v~nues~ shrill ~e~ :~l! ra~, f~os~ chs~r~2es, or othor, income r~-
c~iv~d by th~ ~ity, or ~s~ccrued to ~he City, or ~y bo~.~rd or agency ~hereof
in control of Sh~m~o~en~' ~o~ ~ ~ud op~ra~io~ of ~aid Wo~r Sye~m, ~d a~ll
par~s thereof,'~from ~h~ op~r~ion of ~d W~er Syet~m, all m~
in accord~c~ ~th so~d ~cco~u~ing pr:~ic~.
p r~i~s.~ E~penmes" ~hall me,mu the c~ren~ ~ens~s, p~id or ~ccrued,
of operation, ~iu~auc~ ~.~d r~p~r of ~d W~er Sye~m ~d i~e f~ili~i~c
I ' ' ""' "' ......... ' ..... ' ' '
~ud ch~!! include, without !imi~ing ~he generality of tho foregoing,
ina~rmncc pro~ni~c ~'~ud m~ini~tr~iv~ e~p~n~c of ~h~ City properly
ch~:~ge:~b!e to ~he W,,~- ,. . ~
.~or Syctem, ~.d ch~rgc~ for tho ~c~u~u!~.~iou of
~pp~pri~t~ roservcc no~ =!n .lmil recurrent bL~ which
:~y rons0n~bly bc o~oected ~o bo incurred in ~ccorS~uce wi~h
mcc'~u0.tiug pr:~otico. "Opermting E~n~es" gh~l not inclL~e
~o_c~ for deprocig~ion except to the exton~ o~r~sgly heroin provided.
(I) Wordg i}}~por~ing cingul~:r nL~:~%or~ gh~.ll include the pl~{~l n~ber
in ~e. ch cage ?.nd vice v~r~q~, ..=_d words i~portju~ ,crc ..... ~-, ah{:ll include
firearm ~o.d corpor~tions.
~TIGLE II
A~HORIZATION, TE~S, E~C~ION, ~GIST~TION
ISS~ OF CERTIFICATES.
~.. A~HORIZATIO~ OF CERTIFICATES. Subject .~AT, d p~mum~ fo the
prov~zions of thi~ Ordin~.oe, Oertifici~tos of tho Oily of
be ?~o'~% ~.s "%~/~or R~venue Cor~ifio~ltos" u, re hereby [lu~horized to b$
ics~_~$d i~ ~ho ,~.~"~r~,~o ~oriD. oip~z! ~nount of no~ Qxc~ding Fifty Tho~
,,~u~ Dollars ($50,OO0).
~ 6. DESCRIPTION OF CERTIFICATES. The Cor~ifio~us zh~!!
d~Lte~ Doce~ber !, !94~; sh[~.!! be in the donomin~.ltion ~f ~;~1~.OO0
ch~ll bo n~nberod fron~ 1 to 50, iuc!usive; ~h~l be~r interest
r~tc of fouur ~3.%d o'no-h~.:.!f put cen~ p~r ~nn%~ p~y~ole ~omi-~anually
on J~ne I [:nd December I of e~.ch ye~.r, ~%d shell ~}~t~%r~,
order, !o~m~ nv~nbers fi~m~, on Dece~bor I of e~ch y~gr,' in Sh~ years
~%d ~o%%uts ~.~ follows:
~2,O~ i?. o~ch of the yc~rs 1948 ~0.d 1949,
" C~ in ezch of th~ v,~,,~
~ ....... ~ 1950 to ~=P both inclueive;
~4 0,~ in es. ch o!' the y~:r~ !9~ .to 1960, ~oth inclusive;
S~id Cer~ific:d~e~ ~h?.!l b~ i~u~d in coupon form; ~h:~.l! bo pay-
[~ble wi~h rose c"; to both princip~.l ...... d eres~ in l?.wfu! money of the
United Statutes of America at the principal office 'of the Ch~e N[?~ionml
B~uk of th~ City of !let York, flow York, [~ud shall bear interest from
their d~3~e, pc.y~}ble in ~.ccord~u~co with ?o~.d ~on surrender of the
g~p?.~e~o.?a~, i~tero~t co~ong ~ they ~ever~lly
(7) EXE0~ION 0F CERTIFICATES AI~D CC~0N~, Said Cer%ific~toe
gh~.!l bo eXecuted in the n'~?}~o of the Jify by ~.~s ~l?.y'or
by th~ Prociden% of the City Con?ti! ~nd i~;s corpora~ ~:e~ cha!! be
::~ffi:~ed ther~%o ~.u%d ~:~ttosted by the City Clerk. In ogive ~::y one or more
of t:~ officers who ch~.:.!l have ~ig~ond or ~oalod ~:uy of the Cor~ific[~t~s
sh~:3.! cerise to bo such of'floor of tho City before th~ Certificates
gi~:n~'~s ~.ud s-~.-~ gh~11 h,,ve beo~ a~tu~Llly cold ~:nd delivered, ouch
Cort!fio::%~c ~::[:y o. ev~rth!es~ be so!~. ~::o_d delivered mc heroin provided
~ertific bo ign~d ~d
~e~'~d on beh~!f of the City by ~uch per,on or ~~ ~.~
time of the exoc~ion of such Cor~ific~e~ chz!l hold tho proper office
in the City, ~ltho~h ~z~ th~ d~z~e of much Cer~ificz~ee such percon
not h~ve held s~ch office or m~y no~ have been co authorized.
The couoo~3~_ to be ~'~ached ~o the Certificates ~hall be ~,~then~icu~ed'~ ~
with ~the fac ~i~i!c ~i~n~ure of tho ~0reson% or ~y future N~yor, President
of the C~ty ..... Cou?oi~ ~ad CiSy C!grk of said uz~,,~' " ~,~d .... the City may "~,dop~'
u~o for th~j~~e the fac ~imi!e zigu~tre of ~my of s~d ~r~on~- ~ - who
ific~tez, notwithmt~%nding th[~ they m~y have ce~ed to hold such office,
the time ~n ~aid Certific~es shin!! be nc~6u~!ly ~old ~t~nd delivered.
8. NEGOTV~BVLITY. ~ ~D ~GISTRATION. The Oer~ifica~es shall bo, ~ud h~ve
~'~ .... strumontc under the l~w
.n~ .... ~he Negoti~blo Inmtruu~ontm L~w of tho St~to of Florida, s, ~z~d ~ch
.~..~. Ocr~ificatcc or the
.................. ~ ....... mu.u~cnu.nt ?.nc1 the Negotiable Ins~ru~eu~z Law ~f the
8trite of F!ori~r,, ~nd each ~uoco~nive 'nolo.~r~ ~h~.ll fu~h~r be conclusively
to h~vo '~'~'r .... ~ t~t .... i0 Certificates eha!! be incontcstub!e in ~he h~nds of
bou~. fido hold, er for w~.lue in ~he m[~nner proviz]ed hereinafter in the form of
~'~id certificr.toa.
Tho Cr.~tific?to~ m~.y bo regizter~d at the option of ~he holder
to priuci~.3, onl~, or ~.%,~ to both princip~! ~u]d in~re~:t ~.t the offic~ of the
City Clo~_...~..~ ~uch ~e~;i~ra~ion ..... to be noted ou ~h9 back of ~aid C~ifioa~em
in ~ho rp,toe ?rovided therefor. After such r~gi~tr~ion rtz to princi~-~al only,
or 0crib prinaiut~3 ,u~.d iuterer.%, un tr~nsf~r of the Cer~ifict:.~es eha!l be vttlid
tu%lcss m~:.d~ ,:.t r,'td office by tho rcginterod., ownor~ or by his duly' ~uthorizod
. co. on the Certificates, bu% ~h~
Cer~ific?~to~ m,~. ~ discht~.rged fro~ re~:istr~.tion by 0eing i:% like m~a~uer
fcrrod to boqror 'md tn~,r~..upon ~rt~nsforabili~y by d~livcry shu:.ll bo restored.
At ~ho :~r. tion of the holder ~he Oortific,:~toc may ~hore~.fter ugh:in from ~ime
time bo r~q~nte:~:.~.i ~r tr',naforrcc~ to bo'.~.rer t:s before. Such registration ~.s to
co~3tin~ Xo Pam~ ~ delivery.
o~. CERTIFICATES ~UTILATEf~ D~STROYED, STOLEN OR LOST. In cas~
der~ific~o sh~.ll become mu~il~'~ted or be do~ro od,~-,~tolo.a~ or los~, ~he 0i~y
m~y in its discx~otlon issue ~n~d deliver ~ new 0er%ific~.~e wi~h ~ll mm~ured
coupone ~ttr~chod ~'~f like ~enor as ~he 0ertific,~to ?nd att~chod cou~on~, if ~D.y
~o mu~il~tod_.~..~ , destroyed, nto!e~, or lo~t, in exch~u~o ~n~d ~ub~titu~ion for ~uoh
mutilated Certif~a~e u~on g%%rrencl, or and c~ncel].a~ion of ~uch mutilated
151
~'cn~. co~.~'-.ona~ if '.ny~ destroyed, stolen or lost
u~ou ~'~e~. ~..!.~_cr~ ~ - fx~rniahiu~'_ the Ci~y -,3roof of his o~.~rshi',2 %hereof ~,ncl
f~ctor-~ J.~acmnity ?nd com~alvino' with nuch o~her ten,acne!bio
cm~dit~on~ .... ~., ~ho O~.tv. m'~v~ ~,~roscribe 217. d o?.",riD_g' such ex~ensea .... ..,:, ~h9 Oily
it~cur. A]! Cer~ific,:te~ ~m.~. e..o:~n~ ~o surr~mdoz, ed. ch::!! be c,~ucc!].od by ~h~
C~.tv~ Clerk ---:_ac: .... hold ~.nr the '~cco...at~ ~"'~ ' of tho City. If mT.y such Cor~ific~.te
~:~tez! 3er~ific~t. to or coupon~ the City ~,:y pul~ the s?me, upon bei~g indemnified
':s ':'.foaled?id, "nd if r~uch Oertific~te or tour)on be !o~%, ~:to!en or d~,.q~royed,
without: aurrepdor thereof.
Any~,., ~ch d:.mlic,,+~-. ._..., ~ Oer~ifJ. c::t~-): ut:d ...... ceylon,, i~ued p~r~u~mt to ~hic
~octio'n ,:~h,.!! constitute r_)ri~in%l, ~:dd. ition~.! contr%ctu,~.! ob!i['t:.tion~ o~ the
p:t. rt o-~.~he City, ,,,bother or not the lost, a~o!en or cles~roy~d
or cou:~on~ be ~t.~ ~y ~ime fotu~d b~ ?.ny one: ~nd such duplic~t~e Certified. tee
~ to lien '?p.d ~ource und ~ec~rJ. ty for p~Dneu~ from the ~venue~ of ~he
W,:tor System with ~zll other Cer~ificc. tec ~ad condone i~uod h~rounder.
lO. FOCI OF ~RTIFIOATES AND COLONS. The tex~ of the Oer~ific~em
?md eo:~pou~ ~h?!l be of ~ubc~m~i~lly ~he fei!owing tenor~ wi~h such
ommi~ai~ne, in~ertione trod v~ria~ion~ r~c may be neco~.ry o. ud desir~).b!e mud
:u~lhorf. zed or oermiited by Ibis Ordin~znce~ or :my subeequent ordin:.w, ce or
:~dop,,ed prior to lhe ieeurluce
Mo UNITEN STATE8 OF ~.,IERIO~ $1,OO0
STATE OF FLORIDA
CITY OF OKEECHOB~
WAT~ RE~N~ CE~IFIOATE
KNOW ALI, 1,l~ BY THESE P~SENT8 Th~.t the 0ity of Okeechobee, in
Okeech~beo Comity, Florid~.., for v~z!ue received, hereby promiee~ ~o o.~.y
~o the be?r~r, or, if this Cerlifice. te be registered, lo the reEiater~d
holder ma herein orovided, on tho lal d~3~y of December, 19 , from the
revenues h0reinafter menti~>nod, the pri~oci:o,nl a~m of
Ol<lE THOUSAND DOLL~
with i~3~ercst thereon ~.t the r?.te of vot~_, r. md one-h,.lf' '~ per cen~t~ per
?.nn%~ l-myr:b!e semi-m0.nue.!ly on the lal day of Jm~e ~::nd tho ls~ day of
Dccembc~ of occh 7e~zr u-~on Ibc preaeo.tclim '~'~
cottons o.~ ~heyscverp. lly ft:ll due. Bo~h princip~zl of m%d interco% ou
th~.~ Cc,~ifice. te t:.re ?.,,~ ..... in !~zwfu! money of the United 9~ate~ of
~t~eric? at the principal office of the Ch?:se N?.ti~nal B~k of the Oily
of New York, New York.
Thic Oer~ific~.te is one of c.n ?.uthorized ism.t.e of Cer~ific:~3~ee
iu the '~g~rc.o,,.te orinciprtl e:notu~.~ of $50,O~ of like d~,~e, tenor gzp_d
effec~, excep% .:.~ ~o nt~ber ?ad d,~te ~f m~:~trity, ia~.uad to fin,race the
oo~ of th~ acrosS, ruction or aOqtLisi~ion of improvements, extensions ~nd
~ddi~ione ~o ~he W~er ~y~m o~ed ~r~d operr~tod by the 0i~y of 0keechob~,
~m. der th~ ~u~h~'~t~y of ~md in full comp!icnc~ wi~h the Oon~i%u~ion ~nd
9~r~u~e~ of thr~ 8~o.~e of Florida, ~he 0h~r%er of ~he 0i~y of 0kegchobee,
being 0hap~er S~lS, Ac~s of ~he Legiel~ttre of Florida for ~he ye~ 1919,
[~.c ~end.ed ~d at~plemented, ~nd o~her applicable e~r~tu~es, ired r~
Ordinance dt~y [dop~ed by ~he 0i~y Ootmcil of said Oi~y, ~nd i~ eubjec~ ~o
all te~s m~d csnditions of
said
Ordinance.
This Sertific[~%e and ~he co~ponz ~.pper~Aning ~here~o c~re pay-
c~ble solely from ~nd ~ecured by ~ lien upon amd pledge of ~he ne~ revenBee
derived from ~he oper%~tion of the v~er system of ~he Oi~4y of 0ke~nobee,
in the mmv. net p~ovided in ~ho 0rdin~3.ce ~u~horiziug ~his i~etm of Ccr~-
ifica~ec, m%d d~s no~ constitute ~ indeb~ed~%ece of ~he Oily of 0keechobee
within t'[~e resuming of rmy con~i~u~ion~, e~a~u~ory or char~er provision
or limitation, ~d. i~ is e~re~cly P~greed by ~he holder of ~his Certificate
~h~ z~h holder ~h~.l! never h~ve the righ~ ~o req%~rc or compel ~he ex-
ercise of the t~ing po~r of c~id Oi~y for the pa~en~ of the principal
of ~nd iu~erest on ~hie Certificate or ~he m~cinE of rmy sinking f%md, re-
~erve or o~her l)aDnen~e provided for in ~he 0rdinm~ce ~uthorizing ~hie issue
of 0er~iftc~.~er.
agreed between ~he 0i~y of 0keechobee [~d ~he holder
f%trther
of thi~ Certificate ~ha~ thi~ 0er~ificate [?.nd. ~he obligation evidenced there-
by ~hall not co'~xetitute .~. lien tmon ~he 0i~y~s w~:.ter eye, em, or any p~
~hereof, or r~ny ether Dropor~y of or in ~he 0i~y of 0k~echobee, bu~ shall
constitute ~ li~m only on ~he ne~ revenuec derived from the operation of
said ~uter system in ~he mm~ner provided in said 0rdin~ce.
The 0iSy in sc~id 0rdin~mce hP.s comvenm~ed ~d agreed wi~h ~he
ho!tiers of the 0$rtif~c~tce of this isms ~o fix and e~%u~blich crud rosin-
rain cuch ra~ec ~nd 001190% ~uch fees or other ch~rgoc for ~he services
m~.d f~ci!i~iec '~f its w[~er ey~tem, ~d to revi~e tho c;~e from ~ime ~o
time wheneVer no~ecs~ry, [:~c wil~ o~lw~.yc provide reven~z z~fioien~ ~o
pc~y, ~md out of said revenuo~ zh~l! p~y, ~ the s:nne she. ll become due,
~h~ prinoip.~.l o~ ~d interee~ on th~ Cer~ific~e~ of ~hi~ ie~u,, in ~dd-
ition lo p~ying, az the s~me shall b~come due, the nece~r_ry exp~nce~ of
oper[~.tin? ~:.nd m'~inirAning ~aid water system: .t%ll reserves or sinking f%md
or olher p~ymcnt$ orovided for in s~id 0rdinomcm, ~md r~ll oSher obligationc
pc.y~.b!e ou~ of +he revenues of z~%id w~ter mymlem, crud theft such ro~te~, fees
cn~.rges mhp~ll nol be reduced mo ~ to be inzk~ficient to provide
coven~nts rilh th~ holder~ of the 0~r~ificales of this iscu~ for the terms
of which roferc:~.ee ic m~de to timid 0rdin~co.
It iz ~er~b2-~ corlified m~_d recited thai all aot~, conditions
[n~d thing~ roqu~.~d to exist, to happen ~?.d to be performed precedent lo
153
..... : ..... o .... s ~.~ruific.'ate, exist, have happened ~ad. have been
~er~o .mo~ ,. ~.~ ~_..~., ~id duo _~or~. 3.nd *ime~ r~ · required ~y tho ~t a~u~oz.
OOn~iiu~ion of ~he S~o of Florida ~:~p!io~ble thereto, ~d tha~ the i~u-
:ulo~ of this Oer~ifio~t~, ~d of tbs issue of Csrtific~tss of which this
~r~z:~:lo~.uc is one, does no~ vio!~to ~y constitutiont~!, ctatutory
ch~rto~ limitation.
This Certifio~t~, :Pad tho coupons ~'pp~r~inin~ thereto, is,
h~c ~?1 t~e qualitiOs ~h%d incidontc of, a negoti~b!e 'n - _
......... ,n, rcm.hr m~d the Negotiable Instr~uents L~w of the S~ate of Florida,
aud thru origins.1 holder aud o~ch successive holder of thi¢ Oertificate, or
~...~ ...... ~ thereto, ~h,:l~ bo conclusively deemed by him
aooo*~t:~co thereof to h~.vo ~greod th,,t thi¢ Certificate ~%d tho
~"-~',~,er~:.,~,~.~...._ - - ~---~- ..-o thereto cha!! be ~r0. d have all the .-u
of ~o~-~t~.,1- -~.~- , ...ts m~der the law ,n
~egot i[ble
In~tr,rnonts Law of the Sto~e of Florida. The original holder ired
successive holder of thia Ce~ific2330, ~%d of the coupous ~;&0'per~aining
thereto, sh[:.ll be co.~.clu,.,~v~_y ........... to h~vc a~eod ~:33.d con~e~ed to the
fo!loring termm Trod conditions:
(~) Title to this Oertifi
-. c,.~,e, uu!esc registered ~s herein
provi¢.~, ?.d to tho :'mnoxod interest coupons, may bo transferred by
bo[:;ror tm.d. or tho l~.w ~erch~mt ~md in tho iegoti~blo Instrtm:ont,s Law of
tho St'.;to of Florii~.
(b) Any person in possession of this Certificate, %mlozm
¢4 ctor~d as herein orovided, or of the interest coupons hereunto appe~-
aining, rogardle,~s of *~ ~
z he -'h,,~ h~vo UCquired possession,
is hero~y authorized to tel:re,ce.ut hi:rsolf ::.s the absolute owner ~hereof,
and i¢':ereby grin%red, power to transfer absolute title thereto by delivery
lhercof ~o ~ b~n,..~ "fide purch~:,ser, th?¢ is to -'*,~ one ~o shall-ou~rch,~e the
cm~o f~r value (~.~reno.ut. or -~.tec.~do...t),"~ - e '~ ' without notice of prior defenses or
equities or c!?ims of o*m%or~hip enforce:~ble ugaio, st his ~rm~sferror; every
prior '-~(or or o~m~er of this Ccr~ifzc,.,e,
of him eq~iem m%d ~ich~m ~herein in. f~vor of every much bona fide
thereto ~mc! to ~..! rights rcprc,~o.._l,e~ ~horeby;
(c) The City of Okoechoboe, Florida, may tre~t thc bearer of
this Onx~ificat~, ~mlesc .~eozstered ':.c herein provided, or of the interest
oo~monc, hore~mto [.?.port:,'?',_z...zno~ as the ao,,o_ute' - 1 o~er thereof for all p~tr-
poses ,ithout being ?.ffected by any notice to the
This Ocrtificate m~ be registered us to princip~ only, or
-.~.nczpv! ,~.ud. interest in ~:.ccord:mce with the oroviciou~ endormed
thereon.
IN WITNESS ~HEREOF ~mid Oily of OkQechobee, F!orid~, by
City Com~cil~ h~z imbued this O~r~ificm~ ~d h~s cmue~d th~ momm t~ b~
si~ed by i~a N~yor, co~m~rsi~md by ~h~ Pr~cid~n~ of ~h~ OiCy Go,moil
~nd it~ co~o~P~t~ ~a! to b~ affixed hereto m~d o.~e~d by i~m Oily
Clerk, ?.nd h~ c~mmed ~h~ in~cr~z~ cocoons h~reto a~t~hed ~o b~ ~x-
~cu~d with t~ fac ~imil~ ~ignz~r~ of all of s~id offic~re, al!
of the !~t d~ of Dec~mb~ !94y.
(Sop~) CITY OF OKEEOHOBEE, FLORIDA.
A~te~t: By
Nayor
Oily ~rk Oo~ter~i~d:
Prezid.en~, City Oo~mcil
FORM OF COUPON
50
On Ch~ lm~ d~y of , 19 , the Oi~y of Okeochobee,
F!orid~, wi!! pc.y ~o th~ beg~r~r ~.t the principal office of ~h~
Nationm! Bm~k of th~ City of N~w York, New York from Ch~ rev~nu~m
deccribed in Ch~ O~r~ific~ to ~ich this co,keen is ~ch~d, ~he
c~n of Tw~n~y T~ ~md 50/lOO Doll~e ($22.50) in lawf~ money of ~h~
Uuit~d 8~p~t~ of ~erioa, upon present~ion ~md s~tr:~'~nder of ~hi~
co~10on, being ~ix monthm intmre~ th~n due on itc Water Rev~nu~
Oc~ific~te, Rp.~ed. December l, !947, No.
Attest: 0ITY OF OKEECHOBEE, FLORIDA,
Ci%y C!er2 By,
M~yor
Co ~uu% e rgi gned:
Preziden~, Oi~y Council ~2
(FO~ OF VALIDATION OE~IFIOATE) 2m
~o
Va!~d~tcd ~no~d confi~ned by d~crec of tho Oircuit Oot~ of ~o~
the Ninth Judicial Circuit of F!orid~, in ~:.ud. for Okeechobem Oounty,
rendered on ~:~ day of , 19 .
Clerk of the Oimcui~ Couch.of
Oke~chobee Comity, Floridm,
(PROVISION FOR REGISTRATION)
Thi~ Cer~ific~te m~y bc registered in th~ n~ne of the holder
on the book~ to be ~-~-~- ~
,~ by the ~_ty Glork ~ ~o?ictrar. or .suoh other
Rogi~%~r~ '~r~z'~h ~th~r~. o~gi~*~_~ as may hcr~aft~ b~ duly
~2 ~0 ori',~ci'~a1 ~ '. ......
~ .. ~. _ 0..~].~, Erich re~istr,~t~o.~, being noted hereon by ~id
R~i~tr~r in ~he regi~trmtion b!~ below mf~er which no tr~mf~
b$ v~.~id -~!-~g m~e on g~d book~? by tbs r~gi~tercd holder or attorney
duly ~uthorizSd ~nd ~imi!~ly no,ed in the regigtr~tion b!~ below, but
,"hich i~ ~h,~,!~ be ~r~:nc~', ~ .
........ ~ra~!e by delivery bu~ i~ m,~ be
befores. Thc rc~istr~?~ion of 2hia Oortificate -.n 2o :rinci0~l ch~l!
........... o.~.ot~,,..~z_]_~ cE the oou-~o:9_~ by ~Oizvery
'~ .... ~ .................... d. r?nf. the into.rent u~:.d.o ~,~y,,ble only' to th~ rogist~red holder,
which event the Rerx~ntr~:r ch,,~ uote in the re~,:ictrx.tio~a
........ ~, be_ow that this.,
Certi-~lcato ~ regiat,,red ..... to _~r,.r,.t ~:s well ,..,~ pri~..c~p~! :md thero',f~er
%ho i'~$er,~,2 will be remitted by .~til iu ~ew York exch~moja to 2ho ro~j.iatered hold~'
?~ith ~:he con~on~ of 2he holder ~md of ~he Di~y of Ok~echobe~.~ this Certific?.to,
when .-~nvcrted into" CortiCes-to rossi ~+,,¥.o,~ ,-,~
'~ ........ ~ ......... ~ ..,, ~o both princi:~,,~
~r:~y ~,- recnuvorted into ,~. ao,~:~,~ Certific,:tc ?:o.d ~:.r,'.in co~vr, rt:,d into"
Certificate regia2 r '
o..ec. ,:n to both ~'riucioa! ~nd interest
z m.~oovc provided.
U~.~.o~. r~convor~ion of thi~ Certiffic~:.te ,~:~,~ re~i,:,tcre ....... 2c -principu.1
iuf~o ~ c~upou Ccrti~c,.tc, couFona representing the interest ~o a. ccnue upon ~h~
Cortif'ic~:~:'~ to ct?~to of m-turity ,~-~-
..... . ~a~ .... [ co ~tt~ched h .... ~'~ by ~ho R~gis~r~ and
thc Rc:~tr?r sh~.!! note iu tho roni~tr,~.tiou b!tntk be!ow whether the Cortificut~
is r. zCt~r .... ,~.a 2o princip~:! only or p~:y~:.b!c ~o b
D:~te of In Zi:c~o ,,reno R~z.,tored M?mnor of S ignatvre of
Re gi st rat i on Re gi st r u,t i on
1!. OERTIFICATE9 NOT TO BE INDzBTED~'~ESS OF THE CITY. Neither the
Cartiflcato.:~ nor couom~.s sh~q! be or conatituto ~m indobtedue~?~ of the City,
but sh,.ll '~o ~.:?.[?~:-ble ~olely from the R~,~r~
- ~ ~ ............. ? of ~hc Water Sy~tam 'a~ herein
provid.,~. }~o holder or h-',!~e~ of ~,~ Oertifia-+,~ issued horeund, cr, or of ~n~y'
,~n-~] ever hu.ve th~ right; 2o compel %he exercise
of the ~.xing p~,w.-~r
....... :..~ tho City to ??my s~id C~rtif~c...t~,~ or the interest thereon,
~-..~. ...... off ~uch vrincip-~ und i~t~r~mt from an7 other
of the G~ty ~.~xcc,ot tho net Rovcnuc~ of the W~?~r System ,~ ,
" - ........ :0 rovi d. od heroin..
12. OERTrFICATBS SEOU~D BY _LEDGz OF RE~UES. Tho paymen~ of ~ho debt
aervico of ?.ll of the Certific~:t~s in~%~d here ~nder sh[~!l bo secured forthwith
equally ~d rmtab!y by ~n~ exclusive ].ion on the net ~venuea derived from
C~ ....~ f;ator subjec% only to the p~wmcnt of opera:ting e .0m]~..o ..... s in
9ection 16 herein orovided. The net Revenues derived from ~aid Water Sy,~tem in
:m ?mouat ~ufficient to p~.:..y the Frincip~t.1 of m~,d interc~.t on the
herein '~:,utborizod, ~n~.d to ~,~'~ ~ th ~?'*:~ment~ into ~he re,.,erve ~md si~[in6 funds m~d
~.1]_ oth':r p~:.l, nnents ~rovided for in thic 0rdimmce, arc hereby irrcVoc?.b!y pledged
to the ~yn:ont of tho princip~:~ of ~nd interest on thc Oer. tific~:.tcc herein
:~uthoriz~d ',~ tho stone become due.
13. APPLICATION OF CERTIFICATE o. RO,~:.=~]D$~.~ . All ~noueys received from ~he ~.1,
of ~ray or ~!l o~ the $50,000 Cortific~.%to~c origin[~lly auShorizod m~.d issued
.... ~ .............. i ~' ~, the City in a speoi~! ~cco~u?.t ~.i~d shall be
u~ed for m~d ~:~.~lied by the City ~ole!y to the p:~ymont Of ~he co~ of ~ho construe' ion
or .... ~'cqui~ition ~f the im~0rovcmeut~,~ extcnsio~s_~ m~d v~ddition~ to ~d'~' Water System,
aug purpomo~ in~ldont~! theroto, ~..~th~._~zod by thig Ordin~ce, ~u~d for no other
purpog~ wh~.t~oev~r. If for ~n!y reason g~_oh proceeds, or guy p~r$ thoroof, v. re no~
neces~y for, o~ ~ro not ~0~!ied~ _ to, ~uch pur-posoa, ~hon glloh ~.ppli~d procoeds
she!! be d~'~oo~i~:$d by the Oi~y in tho 8i~ing Fun~ to b~ ~s~ablishod p~cu~ ~o
gub~ection D of ~c~ion l~ of~h~s Ordinate ~d shall be uced to pray intor~gt
on ,~ ~ a! A~i roceedm tubal! b~ m~d constitute
~n~ princip of th~ Certific~'~te~. __ zuch p
a tru~.~t f~%d for ~uch p%tr-poses ~md there is h~roby cre~.led ~ lien tkoon such money,
until ~o ~]?plie~, in favor of the holders of the Oertific~.te~.
14. COI~N~YTS OF THE CITY. 8~ long ~s v. ny of ~he'0ertific~tcz zh~ll be
ou~zt~mding ~p~:~d, or ~til there ~h~ll have been met ~qo~rt in ~he Sinking
herein es~.blishSd ~u s~ c~ficien~ to pray, when due, the entire principv,1 of
Oertific~es re~'~ini'ng m7~o o
~ aid, ~ geth~r wi~h in~ereat [-~ccru~d [~nd to nccrue ther~o] ,
the Oi~y coven[:3~.$~ ~h ~he holders of any and ~ll of the Oertificato~ igsued
to this Ord. in~uuc$ ns follow~:
A. ~TE$: (1) Tha~ ~he Ci~y will .... fix, ectvblimh ~d m~int',~,n such r~te~
~d collect auch fe:'~ or other ch,~vU.~ fo the ~.,~v~,~oo
............ ~g r ~ ........... ~.~ng fv. ci!itieo of it~ W~t~
System, '~'.~d..~ ~ rev~ Se cyme from time to time whene~er nec~3~.~'~ry,- {?~g ~i1~, -_ ~lw~..~ ~'~,~c ~rovi e
Roveuues sufficimnt to=.~-,~...v~ in tho m{~.no.~}r ~occified. in 8ecti~'~u. _. 14 of ~hig Ordin~mc ,
{u~d out of~u. id Revonuo~_.. ,. ~h~'~...~ --v.y,~. u~.~ the ~,~mo ~hv.l! become due,. the princip~.l_ .._ of
........~',~ intoreat o~ She Certific~.to~'~, in v.~diti~.n to ~..v.ying~ ~* ...... th~ atone ~h~ll become
duc, ~he u..c~z~, 2y expenses of operating {md m{~.int'.~ining ,~ch ~ut~r System, ~ll
recerve ,~r ~inki'~g f~%d~ or '~ther ~..~...~-,w-,,+,~ ~,.~, }2. rovidod~ f~ in ~hi~ Ordinance, v~nd all
other oblio'--~io~~..~ or indmb~esz pay~.ble ou~ of the Revcnuea of ~uch W:tor
t?.~d ~hat such r,..~e~, f~,~s, rent~'~s._ und other ch~.r~a sh,~!! not b~ reduced ~o t? to ~z
be in~uffioie~t ~o provide R,~,~n~-'~ for such pur?o~es
(2) TI~'~ the Oi~y will continue in force m%d effect it,~ current minim~.~n
ch{%r~{e of {2.50 ocr month for ouch ~m~r of the services and f~cili+~..-g ,~= the W~te
S stem ~ w~l! ~%ot r~duce or tarmiu~.~te ~uch minim~ ch{Irge so long {}.s %he Revenue
derived ther~from, together with other Revenues of ~he w:.}.ter System, v~re required
to ?~y, in the ,,' n~- ~ - . ~ the ~m~o sh~l!
· . {[. m..r ~0rovid,~d in Section !4 of thi~ Ordinm.~ce,
become ~ue, the .:riuci~o,~!. ~ of {3o.d interest on the .Oertifiov.~:s, in ~ddition to ~'~vjng,~
,'~ ..... the s"mc sh?.!l become duc, the nece~aury expeua~vs of oper~ti~ m~d ' ,~ntn~ .... vicing._. ~}.id
..... ,z,.~m~ ~.~! rora~r~ or ~nkiu~ fu~d~ or other n~,ymeut~ orovided for in thi~
Ordinances, ;~d '.il other oblig~fl;ions or indobt.~dne~s ~0~yable ou~ of th~ Revonuo~.~ oJ
n~NUE F~D. 2n~.~t thc eutire =.o'ros~ Rew~.~u~.~ derived from ~ho oper~ tion
"~ .... ,.~ ......... dopocitod in a ~peci. a! fftmd in ~ bm~ ~:,r truat c~mp~ y
1_57
~.:?.!;ir, f'~ctorv to the origli,~-i ..rch .,~.r :,f the. Oort.ific~d3o,.~ from the Oily; or in
the ev~,nt of thc ~?.!u of ~!! of ~.~:~,~ Oer~ific~eF,. by ~ original! .~
i?. {~ ~'~k ',r trust comF~u~Y in ti'u} St,:f;e of F!oric},~. =~b. ich i~ e!i~ib!o uucler tho
...... -,~. , ~J;,.'tc ~uad mumici~{}.l f~md~, which fund i~
C:')?.fi~i!ute U. ~;~ugt f~" ~Or tho 2~Lrpopes orovided in this Ordin?3.~ce n. nd ~ha!!
be koc. t ~:~r~:,.tc :::A:d ~tinct fr?)m ,'~: o,h,,r fund~ nv the City' m:d usod only for th.o
' ~- m..o,,ec~,~n D of thic Soetion 14.
0. OPERATION ~D MAINTE~LNCE. Th~.t i% will m{~Antain in So ,d condi%ion
~qi:l Wr,~er 8?~tom 'm?~ ~i].! over?.to the s~;:ne in .:m ~ffecien~ and economicu! m?,nner,
..... ~---~ ........ ~ ?.nd for renov.:!~ rep r ,md reT!n, coment
a~ m?y be pr~por for the ~oonOmlc~! operp, tion ~no.d mnintenenc~ thereof fro)~ the
I ,~ ~
D, DIS~OSITIO~ 02 REV~N~S. Th-+ q!~ R~.v~nue,.~ a% any ~iZl ~emaining
:)n o.oo{mit in tho ~.tcr ~enue Fund mhal! be digoomod of in the fol~,~=' ~g~ order
~"~ fizst bo used for tho ?a~nent of -!1 current
oyer?i~.~g, exl~en~er~ of tho Water System inciuc!io~, without !i. mi~?.tion~,
.c ..... ,,.....~tr':'tive ~x~,~-, ~rcmcr!y chr.r~¢o~.b!o to the '~h.~ter o.,,,.,~m~ co~t of materi~:!~
' ~ . .~p- ...... r~2cl ~zl! other coet~ :md expun~ec
From tho mone','s r(~m,~.inin:Z j~ th,~:~ ~ator Revenue Fund the City
">'" !:1t;~]r i'i ce ~ay :~nd tho f~l,-,t d.?y of ~ ..v,.mb~r in ouch
.. ~.~.11 'o~t th~m_ tb.~ rat
- O. ,,.:.y ' . ~ -
. b.,~i~:.'~in~ with ~ 1948, :b~;.ortion ~nlc~. ret '~'~'rt out of tb.e
Fund cna den,:~:it in ~:. fund to be ~co. ovm, ,~ the "W,¢~r Revonu~ Corti. fic,:.te 8iuking
F~:,~a,, ,~hich i~ her~::by O~t"o!i~hed, ....
,,~.~. mm; ......... ~ will bo ~ufficiont to c,?.y one-h~:.!f
of L!i +he ~riuci?,~ ~ J~tor~t m~ the Certific~tcs '~ ....
................ . ' z,.~uea hereundor which ~h~!!
uu~. t'rithitt ~uch yerr.
The City ~h?!! ',]~o from m,')ney~ remn. JninE,; in ~:id Wr.ter Revenue
:¢e-~cit ~n t: Re~ervo Aooouut in aaid ,~,:.tor Revenue Certif'icute ~i:~cing Fund. on the
, ,. d d~t.te:: provide4~ hnv;evor, th.:t uo further '~',,~m,--,:+~
o'? 'm.d ~-~ter,~t- on the Certific-1-.~ ' ~
...... - ~ ,~:..~u.F~' COZ.~,.cl~tiv~
~'r'n:~ ~n 2ho R.-~,-,~,~ acoou'n2 m'?y' be invea~ed in direct obii~a2ion2 of
u .... ¢'2 1!% 2:14. E. Re2~3rve ACCO!l~t; 2h~lll be uaod ot%ly for the .uurpo~e of th,
~'-vmo~ ,.f mntur~ug princip,~! of ,'~r iq!;erost; on the Oortif~c~...te~ when the othem
m~"nevs ~-,~ tho Futer R~v ....... t~ Oortific ...... Sinking Ftmd are insufficient thorefor,
~ -. ,~ ~}n ~ ln .
The ~ty shall not bo require5 to m,~:e m~y further paymQnt~ into
Water Revenv~ Certifio~te ~inkiu~ F~md or into tho Ro~erv~ Account in snid
W~.ter Rev~n~ Oertific~te 8iukin~ F~m~d when the -~ ~'~e~,,~-~
~ ....... ~ ..... o ......~m~o~m~ of fuud~ iu
both aP. id W,'M;o~ Revonu~ 0~rtifio,M;i~ S~.:~in~:' '~' ~ Fm~d !~.nd s!~.id R~erv~ locounl
..:~. level equ:~ to tho --o~-"°":"'re°"'~:co-..-.. vrinoi9'~ mnount of Oertifica. te~ issued
pursu?a~.t to thi~ Ordin?nce the~ outct',na~,~ plus the amount of intor~ct then
~u,, ,.,r .... er~>ifter to become due on ai~.id Oe..tifiool;~a then out at a.nding.
(3) Thereafter Revonue~ shall be us~d to est~.blish ~.nd ,:~ot u~::. :~
Renewal ?md ~eplacement Ftmd Ired thc City shhll ~oay into said fm%d from
Wc~tcr Revenu~ Fund on thc first d,y- of,,,w,,.~,..~ of c,..ch~'~ yc~ beginning With May
l, 19~8, au mnount which ~h~zll b~ equoi to five p~r centt~ of thc
Revenues actmally received a~ad collected for the service~ m%d facilitiec
of,~..'~.l. W~.to~ 8vctem during the ~receding y~ar, le~a the a~?r~,~t~
~,ctually ~mpandod dz~riuM ~uch preceding y'~r for m~intcnmo, ce of
Wnter System pzzrsum~t to 2ub~ction D (1) of S~ction 14 of thim Ordin~a~ce.
Thc fund~ ir euch Rauowal ~d Rcpl:~cement Fm~d shall bc uccd only for the
~:)u~0o~. ~ ,~. of ~-~y~u~ ~- o the co~t of cxtc~ ....... .,n~, im?,r,~v~mo:~t~~.. ..... ,: ~r. ~..~,.~.~ztiona to, O~
to p~{~c,'~, tho r,,,~,~v.~--~,....~ ........... ?r:~o-mt ~ -~y. .... of the Ftu~.da :~,:2 here~a~,.fore, provided,
the d. oficie~,~y ah,,~3 be m~.,!o u~? in tn.o aub~que'o_t ;..,.~..~eat,.~ ~u addition to thc
.... ~ro~ ..... ~" into the Funda on tho
"rX;'m"~*~ _..~.,.... ~ rhea, ....... C!l Would otherwi~n, .. bo r .:~,.,~....~ to bo
~} Thcrc~:.ftcr, th~ bu!::ucc "~f %~.v R~v~....u~,., rem:~ining after ~:!!
otker r,}quir.~d pa~mhts into tho Funds urovidod =bore have boon tamale, ~y in
the ~iscret~-~.n ,-,f tho C~tv bc used for...~.~_,,".-~+i,'m,~i r~' .... ~,,r,r~,o for future
oi:or':t~ er~e~.~c c'~it?.! '-ad~Sio~ including' th~ nurch,,~e of
'~ ' ' ' ~ il! -
de,~onitcd ir the laler Revenue ~rl;~f].c,,M o Si~/ki)Rf';' Fm~d, or [my other re:anne:
pr:~v~.~io! by law.
(6) Thc '~-*~-r Revenue 0orti~,-,+~ Si~ok~S Ftmd ",-~ ~o
.................. ~ tho Reserve ~0
Account~'~o~... ,~.., thc Ronew,,~...,_ ~.}:ad Re . ...... c,.~ ......Fund, ?'.~d ~'~.~__ other s~eci,~i._ fund~
~ct u-~ 'u,.d c~fe?.ted by thi~ Ordin~tnce sh~.:.!! conatitut~ truat fuudc for the Fur,pc .e~
~orovidod h~?:~in f~r auch Fund. s, and shr.!! be de~:~osited %nd m~iutain~d in the
of ,,..~h fu~f~, iucludin~ tho" '~ shall be continuously aecur~;~d io. tho
sc.~e m~r;~r.~r ~ Stab.to ,;mi munici~o~zl devoaita of fuuda ~.ro reouir~d to ba
by tho lawc :>f the St'~.te of Florid:~,.
E · o ~ .~ THE
o~= OF W.aTER SYSTEM. Thc~ caid }f"~tor Sy,:ctom m%~ be ac!d,
': who!m.~ ~.nd only if thc not prooo::~ds to be rcu!izcd shall bo 2ufficient fully
interos4; %h' ..... ~-~',,.on' tn their ro:,'..oot~v,', ~..+
.. .~. ~:.~c~ of m~d;urit,r. . The '~,-v,.,.. ~,.,~--"~, from
........ dx~:~.:~_y bo deposited iu tho W,:!;or ReVenue Oortif~cqte 8inkio~ Fm~d ,And
co fa:...~' .,zi~ '~ ............ f~ e"~"~n i~ued p~tr~u~m% to l;hi~ OrCin~ce ,-~ ..... thc ,,~""~u ..... ~ha!! become
clue. After all of m.tch ::rincip,.:.! tu~d itT. torc~t zhv~.!! have boon duly p:tid and
......... I~..::~ in ~ai~. ~ ,. sht~!! bc :¢omitted to tho City.
Thc '~"'~.'~'~ ~.,,:,..:.,_nc~,~ ~roviai..m. n:~tv=ithat ~:::ldin ~ tho Oity zh~;.!! h~:ve trod here-
by ro~7:.V~~ tho '~"+
, ,. rz,'n., to ~o!], ~cano :-',r otherwise dir:,~o~o of :::y of tho
r:~',.-02"}r ' ~OvJ. dOd. h,:~rcin, t..o bo... no _~ o~:,'r~',r.., .. uec,-r:,~ttry:. , ,, u~ofu! or 'nrofit?b!o in
,- -:o- , e "' ' ?_!e !e?.~,-:~ or ot'~r,r d.i~-r2ition
o f ..e ':.i ~:
............ ~,, .".mo_... to b~ r,..c,.~ived therefor in not in excer=, .3f
!'i. ve th',u~qnd io!lr.r,n (~[,OOO), the~:vmer'~:.- .,. ._ m",~,'::'or.., ..... .: ,.. r~r. other :~ul.y. - ?.uthori~ei
- -... - . ::u,,, :t fzno. zn~ in v;rj. ti~r5..~
u, ,fu! or profztr:olo in the c',:-:~r~:t~:m, thereof, ,-:.~ r:uch
~?rocc.o~l~, si'":.]! bo dooosited in the Ronor'?! ,::o.d Re-,?!{mement Ftmd ,md uccd only
,'~ :rovi :ted h.?roj,o f-~ ~uch ~una If t-ce ?mo-L~nt; l;o
· ' · ................. o,.. roccived from ~uch
~:h,',~r'v~f ................... do~ ..... (~5~000) out not in ~,xcu.~,,."' ',~ of tronty-five thour.':na dn~!~:.r~._
(;~.::-,,~'~'- 000}~ ~:~o ....... °',":~"r~:.!, ......... s%n'.:'.Ccr or other du. ly ..,u~.thorzze~,' ' ' '~: officer in cln,".r~'e
~ nuch ~7~:.i;:',r Sv~tom .n-ll firr:t u:':ko ?. fiuding: i:n writin&', do%crminin~:z'
urtelu]. ............. - ..... roPit,'O!o in th.o o-oo:cr't~ 'q~ thereof, ta!d t"nu~sovernins- ..~ body :~f st~id
city~ ~h-!l, b'~,.;, re~o!utir,~:..... ~n,,,~ _,_¥ u6o-otcd... ~ . ::Forove. ::nd ccmcur... .in the findit~g of
t]~eo~'~'-'r~.l'.:,.--,:. :n?:.uu.~u~:r :~r othcx duly ,:.uther5 zed. offic'~r~.. '.:.nd u.uthoriz,.,,- auch
.... .... :"~..~ :,:'-:.~e_,... or .:)thor &i r~':,::,~ition_. ~f ~nJ.d. pro?crty. The ,~roceod~ ~,.,,4or~ ved...
ff:'re~ ttmy ~u.oh ~t,,2. o, !o~:~,: :::,r other d.~ m:or:ition .~f a~.cl property, in exce,~c
'~'~... five '~:h:n:~,:.nd. . d_o]~ ',r?._ ... (,]'~, 1')00)~ . ?_n~_, not in excc~ of t,'" ..... '~',',t,.-f'ivo'',~ thou~u.o.d
f,'~!!ara ($25,000) sh%!! be <.].{Io ,d in tho W?J;or Revenue Cortificu. t.:: Sinking
F~m~.. ~srovid_ed for in thie O~.c,.~.o.?nco-~', "n~ -~.,nu,._.!~ be u~ed only for the
~'~ ....... 3or+.i ~'ic-,~-.,-,, "t .- ,~rico t?.~ pw,-,~',-',r i;h,':.~ .... :r ,~nd :,.a.'-,~.,_~ .rn~.,~ ini;or~.,,t~ - Such
,.C:~ ~o~''''',:~ :!:at~ th~ W,'*r'' . ,.,:. ~ r:a~,+ ,,+
the R ......e'-~.! :up, d Re~:.!aceme:~t Ftmd ~h,,~q ,et T.,-',x~,me the ?mount re,-':~rocl to be
'~".id ~,~!:--~ ,..zd Fux~.d~ '~,~ other-~rnv~-,~ of tb.i~ Ordin,m. ce
... .......... ~,..,,..~,. ............. ~ '0~ O0z) ",,~ insufficient to
...... ..,,, ,~1~ .... ?f tho -.: -¢ ~ ,, c i -', ,' := . ..... .,. _- of ~er,;~ fic::.to:'.~ ..... then out~,4;,..ai_!n ,:.'act- '.::!l interest
t]',o~*em~.. ":o t~'-'~~',.. ,_.. ..:--,....::ctj.',r': a,,,.~: .,,,,,, ~- m:x.tur::~'v,, ~ r'ith,",~d;_, the .~,'~ri.,':,r t;:;p2rovr,.!
160
....... co 2/I/{) in ~;mount of Cortific~to~
thou ,~'~+~t'md. in_~, ,~ Tho City ~h?l!-.~re-~-vo~ ~ .. ~-he,~ . form. of reich ?j0'nr~w~l_ ~.._~ and cou~out
, for execut i o~ .......... h~, cort ~ ~o'~-n~'~l ~ov~~ ~ ~ ..~, .~.~.~- ~.~._ .., or their du~y ..... authori-n~., .., r~..~...~-~ r - .... ~,'~nt"tivo~,
~' ' ~ - I ,'~
rhich fo~ r,h',.!~ provir~n for t~e di%,,.,~ti~ o th,, ?roceoct~ of %he ~.,1~
or other 5~ m~c~i%ir,~! of ~.quch -oro~rtion of ?uch W~
F. IS3~ANOE OF ,~TME-~ OBLIGATION9 P,~YABLE ~ · OF REVE,~UES. That the
city :~i!]. ~ot i~uc ~.~y ethel' ¢~hli~?,tinn~ except t~on the condition~ ~.m~,,. in the
~!l,.t~l!lOZ' 'Ol~ovi~ '~ r"~, "~ ~O ' V~ ~
' ,.cd hereiu= 2:~.y '1
~. ~:o_e from tho r~...~..nu~ ,l..r~ ~d fr,~,n the
!ion~ n~do'e~~ _ ~ :::'"~i~m~t~ ......... ; enoumbr~.moo or 72~]r. :')ther oh~:ro',e,~ h~vii~.. ~oriority %o
or bein~ ,n~ '~ i?"ri~:~ with t~" ].ion of the Oort;~fic"*~, i,:n~uod oureuau~ eo thi~
Or~ine~co, ~.a~. thc interest thereon, u:~ou rely of the in6ome ~nd Revcnu~ of
~..-uid w~+or,~,.,..~ 8ygtnm_-!nao~ed:~ . .... ....,. ,:,~curity therefor ~n~ .... thi~ Ordin:mce. Any other
ob!i~::ti,'m~ ~.,~s:zed: ~-'~.~ tho Oity in ....... '.:dditi'~ to tho Oortific"t,~,.. ,~ ?..uthorized by
junior ?n.d rubo?diu?nt in ,:!! rocpeots to the Oortific~.te~ issued pursu::u~ to
th'~!,, Ordio?nco ':~ ~:¢~. lieu :rod ,.c.o~rce ?m:~ ?curity~ for ~%~'mout., ~ from .2h~ Rcvenue~
of t,n,, Wut~-~r System,
!~B ~,-. 8. the Oity ~-i~ carry ~uch in~ur?m.c, ~:~ i~
ortin:Iri ly c:Irr~d
z J.a,, ~ . .... ~mz ! ?.r utilities
k:t:t:ina~ !o~.,~ or ,~: .... .. _ by fire, oxo!o~i "m ,, ....~ hurricane, o,:.:cthqu~Lko.~ oyoloP, e~
oc~'uT?.qc'y or o~-z~r ht!zt:rd..n ired rick~ which inaur?.tce ~ha!! at all tim~s be
rp. ~:nou?.t ~r ,:u~::~unt;~ equ,.! i:o the f,..ir tln~:)rni~:].l v?!ue of the bui!d.in?;D~ proportie
v. ~ · - o ~'~,' ....nd .... In timo of ~,-.:r, the
~ur~ltur,~., fixt ....... equipment of ~nid W'tt,~r Sy'ztem
!o~~ or c],::~,~o'o :)y the ris:~s "' ~
H. BOOZS AND ~CORDS. That the ~!ty will keep 'book~ m~ rote.rd,.
of "!id '?tor S '~tOm which aha!! be ge.o'~v",1:e ,:.nd n'ot:rt from ,-.~1 other bo,Jk~,
ret'ntis: [m~ [:ccount~ of thc City, in which como!ere :md correct c~otr'i~.,:, ...... ,~h 1!
.... ~ .._._ .,r ..... ~., 'ion2 re!'.:.tin~o to snia W~tor S.., .... cra, ~:.ud nnv~ holder
of :~, Oerti:fic,:.!:.: or Oortific,.fi;c,n issued pursu~mt to this Ord. in~ince r,h~ll! h?.ve
tho right ':t ~-~ re"-o~'']~o time~ to in,m~oct ..... id w,,+~ System .~..d ~:ll
thereof, .~n' ,.11 ..........-.n - ~ :iOOOUtOtS and. dntn. of tho City rel-t':lab~- ~;hol~Olo.
_ :~t !e-.?t once ~:. velar, c,.~u~ the bookp,~ records
The OJ..ty nht:'.!~
~co:",u~t~. of ~:.il~, W"ter., Sv~e~,m.,, .... to. b,:~ ~r~'er!p~... ~ ,:,.udit'-d.. by n com:~etent ?.uditor~'
?.nc! ~'Tt?.!! mr.i!~ tin~,Ta raquo~,.t~ ,,.ha mr:Ire ".v'~i!,~:!e~ the report of s~id auditor
tO th~..~, O~r~:~m:.-.'~.. _... ..._, '":'~, tr.x:::??er. . or cJ. tizm:, of laid. City, or m?.y.~0err:°n, receiving
.~:rtrlcor~ from ~.: ..dc. W?.ter Sy~i;em or ?.ny:me ~:cting' for '..~ad in behnlf of mich t~:.x-
p::jer, citizen or Ceri;ific'd:cho!clor ....... or Oe:cti~'',.~.ctd]eho!de:c~
161
co:o~+r~L':~;i"n,.,. - '~... ~:.cc::!~i~i~,i'!,. Of ~3n~ _, ~l~orOv~:,h- .... '~+~,.~ ~ o¥~:egai'a~ .............. ~P~ "d!i~~.~''~3~. ,
":~' t;her']afl;cr =il! m,:i_'a~,~,i~ ~:':id ::~"~'
J 8ER~0E~ RE}~D~RED T~ T:.E ~!TY. Thn~ the Oity wi~ not ~.,nd,,~
will. r.ny' preI'er~ntia! r~te~ bo o~:i;'.:b!::chcd f}r umor~ :}f the ,s~me c!ne-; ~.rad in
+u(, ~:~o'c:!; t~-"t tho Oily, or 'u':y do,p:tr~mcnt~ ~ cncy'~ i:0~r ~}..nt ..lzty, :~i'ficcr .'~r
, , ...... ,.,.~.. .... _ acl. f of ~ne fnci!itic~., >r o~.,.vzc..~.-,~:'-~ ' ~ :~rovid~d.~ by
ii'} -'~e]::~: cu~i;,-,mer8 roceivinO, !i~co rerviccr, in .~imi!?r oirc:~%:aoe~ eht:!!
............. . r. eRov', ina~ru:ont:::!i~y'~ officer or ...... ~.._.,:.~,,.
Such ch"-~[',,s ah-!! be .... ~ "~ they ~c~:ured~ m~d the Ci2y ~ha!! ~;r~., ..... f,~r from
, ............. uf~].c~ :ne mum !o ~,:.l~' .u~n h,~r~ea.,. = . . The R~-.,~,~..m=.,~, ,~,o r~ceiw..)d shall
............ R'~'~'' ....'" ..~ ~,.~- .¥~,a F'.h'~ ! !
:~ cl.e':~orited~ ',:~d :~cc~?un~od :or i~_ ti, , ..... .,.~',,~e, m'"~:~e'r ......... ~.;'n el;her ,.~-~-~"~"~"~,,.~ derived from
K. OPERATING BUDGET. Theft 2he City at:nil ~:..,.:nal!:?'~ r.t !e::~t for~sy-five
~. ..... .,: ,, mroce?~n~'~ . e'..eh .-~f. i~Jr fist%! ~e-r~ ~, . ,,~ ,:re'?~:rc. c:.?d '?.:~o::~_ by reFo!u~...::-~n
m':int:enr.:ce of it~ ~m'tcr- 8vatem. during auch 2uccoedin~::.< fi~c~:! ye.:r. No exneniit.,r_
f~:r thc. ',per'?tion .... ~: ~ . ..... " ,
l m?in~:en,'~co of . ~:id :~t:i;~.r Sy's!:em ah,~ql bo m~,.de in ".-l" fi .,1
..................... . :.,.h!y :.:CiO~:i;:~.. The City
:~i:.: ~h':]: fil~ hi~ ::.ddre~:: wiiJh th:: Ci::,' :u:d requcai; in :~/rii;ing i: ::t oopie~ of ::l!
r~:ch bud' et~ ,?.d rcao!u~:i'ma be f::-m:iahcd h_..:~ or th:~m and sh<:]~ mn.kc <:v'.?i!::...ole
..............~ ton bu!-:et~ :::d ,.ql roaoq~t~;::?.~ ::ut'howzi~: inert-':.., .... ....... ~ cx-::c~3~il:ures~. .. for
',<. ,-:d gi~::?, or '-: .... :er~on reeeivin:- .,i.: aoa' ~: .,, .. : ,-',': ' a'"4d l,,ter 8y~tem~ .. .,
Ce rt i fJ c ~t e~-,1 ~ ,-~ ~
L. REMEDIES. An:? h:'dd, or of Gortific~tcs or of ::ny coupons pertaining
t,~.( ...... l.o~ i.~r.:.]eg under tlr') ~rovisi:~n~ o~ thia Ordin?.'acc~ ~r ::n:? T.. ~,..t,~,e '.:ctin~ for
,
,~,,ch_ .. ..... ~e.r+'~fi¢_~J.~no.!d~,r~~., i,~.. the m:~pnor herein?~ftor ~?rovid.ed, ~<>., either ',t~.. !~.w
"~"~ court ~f
~ ' ' -o!;i.m~ m??~.,.mu~ or other ,~roooo~iu~ in ....
com',~otout~urir'dicti°u, -?rotect :~md ~mforco ......... ,.~v~ ~.nd ,,~. .... ri;~h!;~_ trader ~hc 1,,~,..,,,, of
thc 8t~te of F]~ridm, or gr,u3ted ?.nd covt,.~.;oo¢ in this Ord. in~mco~ m~d ~:.:y enforce
i~q the event t?,t¢; tho Oily or ~-z'¢ officor~ :..,(..:..t, or omo!oyeo th~reof ch":.!], f?.i!
for a n~riod. ..... ¢~' thirty d"yc, ,,,~v.~... holder of muoh Certific::te, or ,.my Trustee
,"--..~tc~ !;ov,.., ]r~,,.,~.at",~, - Oortific,~toho!der~ ....... '~ hcrein?.~.ter _ozovzded-, sh~:l! bo entit!~d
~ of ri~ht~ to the ':ppointment of a roceivo~ of ~?id W~:tcr System in ~..~..'-~ ~?~,ro.sri'
~udici,-~ ~:,roceodiu~: 4'n '~. court of com,~etent jurisdiction, v,b;,.:n~r or not such
ho!der~ ,~r Trur. te: i,~ :;!so seeking or sh~!! have cou?.fht t¢, enforce ?ny other
ri?hr or .... ' -.thor remedy in connection with Certific.~..t z,.,,.u~.d
ex~...T,~] ~e ~t!7~r "'e~ ' ~ ~ ~ ...
to this Ordin?.~.
Tho r,~eivcr ~o :~-:~oointcd ahull forthwith, directly or by his ~gcnt~
'~:...n~,.~ attorneys, ~tcr ~.uto and u~oon :u~d t?ke ....
., ~.,os~e~,~,zon of cr~id ~f?d~er 8yctem,
~_a every .~art thor::of, c~d ,qh.~.!! ho!d.~ opcrr.:to and mu. int,:in, mans. f;e ::.n~ con-
trol such '~h%.~,.7~: System, ~md e~:ch znd every p~%rt ther,:of, and in ~he n,~no of
Cit7 ~hc.!! exorcise ':ll the rz¢.ht,., r. md power of the Ci~y with resoect to said
W:~.tor System ~.¢ %ho City itself micjht do. Such receiver zh?.ll collect
r,.c.z~e ..... ,,.., .e mziat~Tiu and o~or~te such W~:tcr System in the re:tuner provide(
in th:;,s Ordi~m;_ce, m~.d com~!v under the j~.~ri,.m.~ctz:,u, of the u,.,uzt ~'3ointing
such receiver, ,,~th u.!! of the provicionc of thi~ Ordintmce.
?~onc-~r :~_l th'.:t i2 duc u~oon Oertific::tcs z,,~:~ucd 'oursu?~t ~o this
Ordin,mcc, ~:.ud interest thereon, .... d m~dor 'my covcnm~ta of this Ordina'o. ce for
ro~,~vo si~kir, or other fm%d.~, ,-~d upon troy other ob!i~,~.tiouz ~md
thereon, h~:.vin? a ch~r~e, lieu or e~3cva~br~mcc u-eon tho Revenues of ~c. id Water
Svstem~ ah,,~l b,~ve bc~u <:~id ,~nd. ~,,.de ~oo5, tvo. d ,~.!! defaults uuder the -~rovision~
,,..,~zd Ordin::p~ ahu!! huve be~n curea und ~?t,~.~.e good, ~o~session of said W~.ter
....... ,-+~'* of rder of the
System ~h,~U bo ~urrende::'od to the City u,~ou the e ...... ~. ~.:.l~ o
to th,'~ effect. Uuou :.my ~ubsquop. t dof::.u!t, r. ny holder of Certificutec issued
pur~u~mt to 2hi~ rdzn...~.~ce, or .... ay Trustee ,~m~:,intod for Oertif~cateho!ders
hereinafter pro,dod, 2hr~.!l h[:vo thc acme right to secure ~he furth¢r ??pointment
of ~:, receiver v~on ::.ny ~uch mubfequgnt
!
163
Such. receiver ehq!! i-o tho Doff' rm,:;.nce of tho 9ewers horeint:bove
coufar:r.~d uoou him be under tho direCti .m :?.~d ~0ervision of the co~rt m~ing
>uch z' ~intmaut, sh?,!! c.t ~,!! times be ~ubjoct to the orders ~nd decrees of
~uch co~rt '.md ~::6~ bo r~-~ ~ovcd thorb7 und '~ ~ucuoaaor rec~iver ~.~,oointod in the
&i~crn!:!ot~ of such couP. Nothin? herein cgntcined sh%ll limit or res. trict the
c~uri~,'ti~m, ..... ~_. of such c,ot=t to outer nuch other ?nd f~rthor orders
,~ ~c~ .... cgurt '~',v, ~. dc,.,n nec~y or. tm'_~vo~r~ ..... ~..~s.~e for the axcrciae by the rcccivor
~f ?ny fuuction not moecificc~l!y net forth h~rein.
the Cit,' ~'.~d ho!der~ 9f Cc~;ific-~-n~ i~?ued ,-~urau:rat to thia Ordinc. nco. Such
bu~ the ~uthority of such rmccivcr eh~l b~ Iimt~'~d to th~po~ee~ion~ operation
;?ad ~ai'~enm~ce of sucl~ ~?~ter S?~t~m for'tho"sol~ F, urp.o~e:.of ~o'protoc~i~
the ~it , x,,~ on cou'rt oh.il '- .... _, ............ c
The hn]d.er 9r b.->!de:ca ,:',f Oex'tific~'te~ i'._, '.::n '?.;ff;:;re>f,:to gr~nc~p'~.! :~nount
.rotan*':o~a of thc ri-'*-'* . ..... if~c, ................. ,~. Such Certific~.:te ahr'~q
..........,-~,',~,,~'-~4~ ..... h~,, such Oertific,'teho!c!era or their duly' t:utaorlz,~d' ' ", '.:~torneyn or
M . EI~FORCE?[EZ~T OF OOI.:LEGTI'JNS. T'n~fl; tho gity ri1! di!i::.~:'ent!y' gnforcg
r,~!;ec: or uther ch,,r~oa which nhr~]! become de~iquent
1-o the '~ul! extent '.~ormitted or ?:uthc, rizod by tha " ' '
!:~,¥n of thc 9trtc of F!oridt~..
},{ODIFICATION OR ~ENDEENT No materi,'~ ~c',dificr:.tion or
"'-'~ific",ton "' _ ....... c of i'o. to'toat t;hnrq9o.~ or ~,~. tho canount of
164
16. $ EV~B~I.,!TY~'~: ~ OF JNVAI,ID ~°ROVI~IjN.~ ~ !~ 'm.y one or more o'~'~, the
CnV~'m"~:~ ?.~'r~'~ont~ or ori~vJ_~i'n~ of t'hJ ..... 0 ~ .... ~ ah~u!.f~
...... c r to tho policy 9f e ..... ',
,.xg ....... fly 7 ~,-', or ._ ~p oub!~.c policy, or abc.!! for cmY
~:, .......... ....... r ne i-~:~!d inv,:!i~, thou ;-uch covenmtt~, ::[;re,;me:at~ or ~rovi-,io'o~ ~ ,~
b:':: "~:;~ ~ ...... ":F.:q v,f)~" -,.o.o"-: ........ -,:.~,,~ i bo ~.~'~'o.~::~,,"o, .. ......... ...... ~-,~ .~,_., frown t'[lo r~mt;.i[tj, oF'..~
17. I~U~CE AL':~D SALE Off' OERTIFIOATE$. That a,.:id. ..~:~,~_, OOO W,,~:,
Rew'r~ue Certific~d;o~ dqtod Do ..... mbur !, 194.7,
, ~.,t ..... ~,.riz~.d to be isaued by. this
%o Thnm~, ~ ,, ~,~.~" O0'~k & ~Ot?.~t;~ly:_ LIC<)n ..... [?tLytllOD~ ,nF ~;l~O .~,-or~:;,.,~zd ~,~'~,'~~ ..... ..~, ..., .~ '.~rico,., ~ either
C~~2'i~ : ~-0' ~'" -"
..eh.. f.n~ ~;]'ze .... ,,~,-,-~+ r~". ~:h~ ,, oo~c..~ Of 'LC('.Lli~'~'iOtt, ,-..1 :, 0?? COtt~;ZllotioP. Of ~ho ira-
18. Thc~c G.O. Durr,;.nco
Attorney ?- L"~,-~ be ,'n~ bo i~~ ,,~', -
u-~:~o',-r~ "lo nr,',''~'.,,~'~',,-~'~' i'n thc Circuit '~ o '
. .~n~rt f tu~. Ninth Judici~:t Oirc~tit of
F].nrid. c.~ i:o ' .... fi for "~"~,,',r'"
.........~ ........... o~,~. ~ ~.rat!,r~ Florid::., fc, r the v?.lid'::.!;inn of ,:,~"':;..~cl
o~ bch,'~ ~f th:~ Ci~''~ ~tz~.7 :~,~o,:din,,~ ~n -,u-v~c,,. ~'mc,',.
~o_x. Th-$~. it. ~_..- ~o~.,,.,. ...... ::,fy ~.~,, r the immedinte preserv,:tion of tho
· oub!io oe~:.oe, h t~!th, ",ros:oe:ci27 'md s'.:.fot~ ,,e the O~+'r ~f Okeechobee ,',~d itc
inhc.bit t::,~t :~ th'-'~'
.... t,,e~,~' lo r'.~' v, - m" e-.,nt-~, ~xton~!-m~ ,md ,:.d~it;i,.~n,~ to the Oity'~ ~zr,,~.,,
System ,.:.'_?choris.',~ '~'"r,-'?_.~ ~-,o._. -n:.~.d.o with the !o~:M; ?oa~ib!e del,:_y, t:m_d thi~, Ordiam~ce
i~ ~ereb': -: ........ ~ ~hc.l! tt:ke ~ f"'-
~o
~0
At t e st:
Loren:::pn,z-:'om ......... Zu K. Wi!li~n~
Oity O!erk President of the Oity Council
THEREL~Of; ~d ordinance .waa re~:d iu lug! t~md carefully considered by
~zt~ C o u'o. o i !.
~ov'acilm~uz R. E. Ch::.nd!er~ ~oconded thc motion for tho
~doption of c~id Ordin[mco.
THE~r~0L' Z. K. Wi!li~n~, Precident of ~aid City Co,mci!, presiding,
c~!!cd ff~...~ a vote ~mou tho motion for p~s~oe" .~'~ and ~dop~ion of ~'
~ '~ :,,nd the *o~owi,ng v~to w"* had thereon:
Z. K. Wi!!i~n~
P~gIDENT CITY COUNCIL
Alto Wat ford
Dv2ton Brett
B. W. Thomag
r~E~l~O~ the ~roc!dont of ~aid city cOu,nci~ dec!~red ~'
Oral. in'race re~a!?.rly~..,,a~sod :md :.:.doDt,d az .~..,'~ O~Ii.?ANOE of thc, city
of Ck~ec1~,obec, Florida, and tho s~rc w~:c duly nighed by H H R~u!er~oxn.
",'yor of o~{,~,~,~ Florida: Z. E '~ ·
.......... ..... · ....... ~,~ . , . ,~z__i-' ,~,m, ~, Pro2i~n °'~'--,~.~,
council ,?.~ :it%eeted b'i Loren:.:: Pe",~e, C3ork of thc~ city of 0keeohobee,
F1 o r i ig.
There being no further bucinen~ coming ooforc the e~a cit,~ council,
STATE OF FLORIDA,
O0T~TY OF 0KEEC?=0BL~E:
i, Lorona Pe,~rce, duly e!octed, qu~:!ified and ~cting 01ork of the
city ~)f 0keechobeo, Florida, do hereby certify th.?.t tho ahoy, ?_nd fore-
soing i~ a full, true ~xd. correct copy of the excerpts of the minutom.
of :~ ~,egx~!?.r meeting' held by tho city co,moil of thc cit'~ of Ok~eohobeo,
F].ori~.~, .,~ .......... the ~e ~;?~e:tre~. in tho minute book of eaid city of ~':'~xe~,~
ch')bo ~-~, Florida.
~NTM,., ~ .... etmto sot my bund rjmd officio!
~ -,-~ ,.,.~ .... 19~8'
~f ,.:~.d city of Okeochoboe, F!~rid~, tlnic the 8 dr.y of J~:_~r~..,
( Seal} Lorena P~roe
City O!crk
ieSt City 0!crk
February 2, 1948
Tho City O~mcil ..... r~ the City ~f O~ec',,~bee,~.. .... Florid,,.., ~et in rogu!~ur ~,-~*'~,,,,,~lo.a, ~:t
tho City ......................... rT~-~n On %h~ :ibove d.~tte :tt~ 7130 P. :'.I. with t¢~ *o~wi~n.~ ?reeont: ~W,~y~r H. H.
Ru'~ar~on, ......... Pr,]eident Z. K. Wil!i:;mn,_ C~.~mci!mon. ~.. Dy.!ton Brotto, R. E. Ch,2o.d!er trod Alto
,~-.~t._o.,d ~. C, Durr,,?~co 0it,~ Attorney ,,,,d Loren~ Pe.~r~o~
, .. . ..... .. ~ City Clerk.
llinut~s of the meotin~:~ hold J.:.mu~:ry ~_, 1947 wore read.