1927-08-04 Special
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.p lIr ;"Mor!t1n, County Veternarian, addressed the Council re1ati va to meat a,nd
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, I I milk1n.pecJ!!'tiO~.
r COmm1JIliaètion from Florida East Coast Railway CO 1pany relative to paving liens
. Ii aga,inst its prop,erty in South Okeechobee was read 'to 'Council and action on same
. I was deferreí! 1Intll next regular meeting.
II CÓdnuhi ~tion Was recel ved from William Utley rela ti ve to payment of bill for
II street gradJng in Eest Okeschobee. The C.lsrk was authorized to advise him that
~ the 'CUy hOE ¡la funds availab~e for payment of bill,
, I Councilmt-n Hancock moved teat City buy one car of Naranjo rock and twenty
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barrels 01 .11 for repairing streets, motion was seconded by Councilman Walker
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[, I Ul', on moti' on Council adj ourned
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. 'I, ~reBid.~~t ~Q" i ty Council. " CITY CLERK.'
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I! AUGUS! 4th~ 1927.
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Pureuani to oa1l of the Ka1or~ ~ 01ty Oounoi1 of the Oit, 8tat..okob...
Ii r1~~; -Þt in 8pec1a~SessiOD at the Oity Hall in sa14 01ty at ten-thirty
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I ' 111..""« was called to order and there were present: J. Denhua ~1rd, Uay-
r, 11 Hoc '1a81aIIf~".er. Preei46Dt lro t.... of the 0ity 0_011 1ft the ohair. &Dd.the
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\-: II fOJ1Gillrtztgt'aued counci1.en: B. L. Ohand1er, B. B. Hanoock and Ben r. Walker,
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r II R. p. m..r. 01ty 01ert, sndL. W. J8DD.lngs. 01ty Attorney.. in attendance.
'II lbÎ8e~: Leon Latour, Pres14m t of the Oouno1l.
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!I ÞYõrfSird. stated that the puruose of the meetlng and the oauee ot'the
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. ¡ oall...... .... oOJ1ø1der the punge of a"t,ordlDauoe authodziug '\e "'.uano. ot.
II Plf\ye ftoutand (150.000) Dollars oorpor~te bonds a8 provided by Senate Bill' ,-,
~ : Ie. 111,' rtr the I>Ur1>Ose or refunding J'1fty 'l'llouand (150,000) Dollars or out-
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II Bt8.lldlng Ift-Iarrant..
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, I cr TIIt'<°fiaell teet up fer ecn81deraUon the !latter of authoriz1ng the
r ¡ 18e1l&ll""'0. rift, nouøand <150.000) DcIllue corporate bonds. aø provided b,
~: II le.\8 silt 10. 111 of the ,ete of the Leg1s1ature. Regular $au1on 1927. where-.
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II upo* Oo11nc~.an Ohand1er introduced and oau8ed to be read in full as ordlnance
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I: 4Þfttl!tl8t; 1m ordlnanoe prortdlng for the a.8.uance and de11yery of Flfty Thou-
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¡ ellB\f ~.~) !!ollere OOl."poreh Bonde of tile O1.ty of Oleeecilobee.. J'¡.~da.'
Ii OOi8i~t'_n Chandler moved that all rule. be sU8pÞded 8.$d that 8ald
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I: Ordinance be adO1lte~. a8 read. Seconded 1)7 OoDcl18811 Hancock and. after. - <au. coa- I '.
i Bideration thereof 1b' the 00=011, tha President pro tam pI1t the question and i J
!I upon the roll 1J.1ng ~a.lled the follow1ng voted: i
,\y&< Counell.~ Chandler. Banooot. lalter and Oaeey. II
lay~ Boae. I'
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Whereupon 8ald~Ordlnanoe was declared adopted and same ordered 8ubm1,ted to
the Mayor of said C'tf for biB approYal. ,
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, the Ord1naaoe 4. adopted 18 a. folloW8: I
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ORDIIAIOZ IUKBIR 119 \
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f ~-.P1'O"'1dtD8tor the- t8SU&J:l.Oe and4el.l"ery of ¡ I
I ,;o,~eo Corporate Bond. of the O~ty of Okeeohobee, rlor-!
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I ~ In aotordance w1 th tbe proY1sion of the charter law of the 01 ty of I '
I Okeeobobee, '1Grlds.. the 01 ty 00uncl1 thereof did heretofore and prlor to AP:rl1 I
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: 23, 1927, oa\1se to 'e lssued and dell yered flfty Munlolpal I.proy_ent Iftae lar- ¡
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rant8 of said 01ty, in the a~gregate SUII of rittyftousandÐðl1arelt50,OOO.œ), I
~Yable t~ ,bearer, t-be:red fro1l 1 to 50, inolualye, of the denomination -of "-~ +, ." '
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81,000.00 eaoh, dattd August 1,1925, bearing interest at the rate of slx per
oen~ (~) per annum, payable semi-annually and maturlng In numerloal order ii, ,
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110.000.00 œ A~t 1 of u~ of ~e years 1~ to ~~. lno1ushe. all of ùlch I
t",f1.~,~~~:~~re nr outstandlng and unpald; and ,'. ¡
JllBlAS, sald indebtedness In the aggregate amount of 150,000.00, e('t-id,eao'ed I
by 8a~~ -Jlunioipal I~rovement Tlme Warrs.nts, bas been valldated by Sen~te:BI11 r ( II
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"ber 111 of the ~ts of the Legls1ature of florida, Regular Session, 1Y7 .,and II
said Oity is authorf.ze4 and empOwered II,. 1&1d, Senate Bill luaher 111 to' ¡noYic18 II ,]
by ord1naaoe for tbt,..... 1eeU&nCle of negotia1t18 ooupon oorporate bonde of 8&1,4 City :1 ' .
il1 exchange for and: upon the surrender of a like par amount of s8.1d IndeOtedr,J1t!s.s 1. )
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no," out.tanding and. evidenoed by aid Munioipal Improvement Tim. Warrants.. and 1 '
~ the -çãrohaser and present owner and bolder of said Tim. Wafl'&n ts II
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has ~to 8vretder same and accept in exchange therefor a 11ke uþunJ¡ of."~.; 'I
Corporate Bonds of ,a1d 01ty, maturing at the same time and bearing the ~~,.~,
of Interest as the 'uniolpal Improvement Tlme Warrants proposed to be 8urfe~~e1"; I
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JIIJ!1!,!. interþst bas always been paid on said Warrants prOllptlr wb.ø due I '
and none of sald 1~ebtec1ness thua evidenced has eyer been adjudicated to~b. 1110'
iny.Úd 8Ad 110 lU+UOIl 18 pending a:, t1IHa~..... iII..-olYillg 'b. Yal1di~, &1 an,' '~ .
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of 8a1d 1Ddebtedne., and said indebtedness thu8 evidenoed 18 legal, val~4 and. :1
¡binding obllgation ~f s&14 Oity. for t'be paymat oftbe principal, of wh~.h tb.~.!1 .
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are now nO t\mds on~ laand. and said Warrants are in suob form and of 8UC~ CJh"..,-, 1\
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tel' that~., can 'at l.~lly funded and retlrH in the manner here1naftU'~:J)J'Ovided; j
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!/ -__~"_It and It Is Hereby Ordalned by the 01 ty 00_011 ~o1- the'
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.r II 01'>' -~ ~8+0b", 1'101'14&. a8 follow.: . . -
~ II~., Da t for the pur)O.e, of tadtag andretlriJlg the b~eb.ectne'.
¡: of th4 ,Oity tt Ok..ohobe.. in the aspep.te al;lount of 1;0,:000.00, .vld.eDO.a by I
': a like a.cUD. of Munlolpal Iaprove..nt!la. Warrant8 of sald City, referred to
Ii in ~- preanat1e ot this ordlnanoe, - there be 18S.4 the, Corporate Bonds Df'8.id I
il OUp- cþ, the """ of .50,000.00; thd .a14 bOl1da ba dated Aaguat 1, 1927, be of I
thede~lnatlon of 11.000.00 each, nuabered frOll'l to 50, inolu81Y.e. mature
ser~, in tP-erloa1 order and ln annual installments of the same amounts as
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tile K~lQlpa¡ Iaproveaent '1'18e Warrants to be retired and that such Corporate
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r- Bonds mature as follows: 110,000.00 on August 1 of each of the years 1914-5 to
1949, lnOlUsfY8. That 8ald bonds bear 1ntèrest at the rate of Six Per Oent(~)
r per ..nUla, p41able sem1-annual1y on the first daY8 of rebruary and Augutt" ln
each íear, at' be payable at the Peoples Bank of Oteechobee, Okeechobe., Florida,
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or the ,'A...rifaa Exohange Irving Trust Ooçany, Jew York, at the optlonof . 'be
holde.. Tha1 said Bonds be 8igned by the Mayor of said City, coUDters1gn&d'by the
Presl4-ent of , the OI.ty Council, attested by the City alert, and tha~ and that the
oorpo~~t8 8e41 ot said City be affixed to eaoh.of salð bonde. That the int.rest
aoo1'1Û 1g lIP"" -8&1d bond. b. ..,1delloed by coupon. tb.retoattaobed. and that II1IOh ' I
OO~.b.81~ oounter s1p.ed , and a1ttes'tedby sa1d Mayor, President Of .*1 ':
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01" Oouno11. and Clty alert, respeotlvely, by their taG slmile slgnatures, and
8&14 Qtf1cia~. by the execution of said bonds, shall adopt 88 and for their own
prope~ s1¡oa~es their respective faG s1mile signatures appearing upÒn each of
sald-OOupODs.e I
II ;.~. 'that 8a1d bonds and coupons be in subst8.lltial1y the follOWing I
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UlITID S!ATES or AMERIOA
t STATE OF 'LORIDA OOttiTY OF OIEZOHOBEE
ï CITY or ODIOBOBEI
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Ii DOW ALt l1li BY THJ:SI PRISIITS: That the City of Oteeohobee, in th. County
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If of Oteeobobet, an4 the Itate of 'lorida, for value received, promises to pay to
~r:. .1: D~~~!:..,.the fUll of One Thousand Dollars (11,000.00) oa the first day ot~ugus~..19
';,j Ii with interest on said sum from the date hereot until pa1d at the rate of s1x per
, oe.t (~) pe. annum, payable semi-annually on the first da1s of 'e'ruary and lug-
ust ln each jear on presentation and surrender of the intere8t oouÐona hereto
.. attached as ray severally mature. Both prinCipal sad interest. oftb18 "0Ðd al"r '~~'" " .
p".abl. 111 l+rful money of the Un1 te4 States of A8erioa a' ')ae 'eople.Bank ot '
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II Oke~o'þee Sa the Of.ty of Oteeohobee, Florlda, ,or at the Amerlcan 1~~Ø8:tY- I
;' ing 'l'ruat OollptlDy. ... Yort. at the option of the holder, 'or the prOIl )~'pq- ,è I ' J
I' ment ,-of thls b~, þoth prinoipal aDd lnterest, as the sue become d..~ \Ud-~.1'or I
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¡i "'e levying of tax.sufficlent therefor, the full fal th, credit and r1esò\troè8 ,II .
, of sald 01ty are heteby irrevocably pledged. " - :,~~ , - I '
This bODd 18 ~8ued b1 the 01 t1 Oouno 11 of 8a1d 01 t1 PUr8uan t to' thíf 'þi-Õoi" I
TlslO11S of Senate sl.ll BUllber 111 of the Acts of the Legislature of '1011Ia,' R~' I
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ular Se881on, 1927, and In conformity with and ordinance of saldOltyOöböô~r "I
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duly adopted and approved for the purpose of fundlng and reti:riDg a like I' 8.mÐùnt :
of the OUt8tanding pel unpaid lndebtednesai 'Of 8ald 01 ty evldenoed by Jlunibipal "I'
Iaprovement Tlme Warrant8. I)
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ADd 1 t is her...,', y oert, lfle, 4 and reol te, 4 that all aote. oon41 tiOR., àad th1ns. I l
required by the law~ and the 00n8tl tutlon of the Statè of rlorlda and the Charter . -"
of 8ald 01ty to be ,"one precedent to and ln the ls8ue of thls bond, and preodent
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'to and 1n the 1.aue of the indebtedness hereby funded aDd retlred, were de! hate - I
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been properly done,! happened and been performed ln regular and due form Ud tiae' I .
aa requ1'red'by lawjt'thatthe lndebtednes8 hereby refunded was valld, subelsting I
and le~l obllgatlQþ of said 01ty and that the total indebtedness of saíð 01ty,
lnoluding thls bond¡ d08S not now, and did not at the tlme,of the 1ncur~lag of l
Ii the ~ttedJI..s hetebY funded and retlred.,lnclucUng 8&ld indebtedness) exc.., I
i! an, cOÞ.~1 tutional pr statutory ll.1tatlons. ' .\' I
i: II . :.. 1Ihe eaid 0ity. by its 0ity Oounoll has oaU8ed:'t1ÌilÌ . 'I
I bond to be slgned bt the Kayor of said 01ty, Countersigned. by the PresideDt'of I
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,I ea1d OUr Oouncil, .UeetecJÌ)by the Oity Clerk of Said Oity, and the e8al:'1rí8a1d I
;:' 01 ty to be afflze4'g and the OOUpOllS hereto attached. to be signed, couate%a1@a84,
'i ud atteeted~ eai. _~r, hee1dmt of the 01~ C~cll, ud Oity O¡erk, r"PéO~, J
, iTel" by their fac aiml1e slgnature8Jand 88.1d of'ficlalsJ by the ...out1- here- I 1
,i of, do adopt a8 and for their own pro'Oer 8ignatures their respeoti ve faos1mile 'J-
I II signatures appearinc upon each of sald coupons, all this flrst day of August, 1927. I!
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~/O i..", -J . De¡Jho,n"', éU-ej i
, .~ oatere pec1: ,. . -'.
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I Attested: ')
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Iloity Clerk. . - I, -_: \ .
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I i"r,""rJ.....),~""'"'!'~"L...,. ~Sð,
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", j: OD the, / ~i day of P!!:.brv't ï ~ .. 19~ the Oity of Ok.eohobee, Okee-
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'I 'Óhobee Oouniy, '10r1da, w1ll pay to bear.r" 7:») J'r I-y ~llarl
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II <t:: 0 D? ).at the Peoples Balik of Okeeohobee, Olteechohee. Florida. or at the
I Amerioan Ixthange Irving Trust Oo.pany.. Jew York, &t the op~ion of the ,hold~r"
I for 8ea1-an.ual interest on 1 ts Corporate Bond dated August 1, 1927,' 110. I .
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,I Oouatersignfd:
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I President. ~ :
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II~. !hat.,,1n.ozder..to.pr,o,Vide., tor ,the.!ntt.ð.1ng..ùd...r.e.tUeaeilt,Of the
II Wuru's,be4ëJ ordered fun4ed and retired, la1d outstanding.arr~ts, 8ha~1 be
il surrenderedL.nd oanoelled and all agreements heretofore entered iuto in that re-
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I ~pe_ot are h+-eby r&tified and oonf1r.ed. ,
11~4. !hat the bonds hereby autoorized be executed as herein prOv1de4
Ii as soon aft.' the adoption ot this resolution as may be, and be tþere~~ depos1t-
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,Ii ed' with th,e ~eoPle8 Bank of Okeechobee. Okeechobee, florida, a qua:J,ltied Oi ty
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f II Depoa1 tory, --¥tor delivery to the prelsnt owner and holder of the Time W~rante to
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Ii be retired .d in exchange theretorpar tor par. The Warrants her.eby ordered to ,
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r II be- funded a$ retired shall be surrendered and cancelled s1mul taneously with the
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Ii delivery of ~he Corporate Bonds hereby authorized, .,.. intention being to change
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¡¡but not to ~orea8e the indebtedness of said 01ty.
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II ~. That for the purpose of providing tor the 1..., and collection of
II a d1reot an~l tax 8uffioient to pay the interest on the Corporate Bonds hereby
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II author1ae4 ~ it taIls due, and also tor a "nking fund bereby created to pay and '
II d1soharge thl, principal thereof at maturity. there be and there is hereby levied
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II upon all taxþble property 1n sa1d Oity each ot the years while said bonds or any
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í Ii of them are ~tstanding, a tax sutf1o1ent tor that purpose, and for the pr08p.
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ì -- I: payment of btth principal and interest of said bonds and for the annual levy, ,
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it oerti11oati~ and collection of taxes suffio1ent therefor on all taxable property
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': in said Oi t7, the full tat th and ored1 t of 8aid Oi ty are hereby irre~o$:bl,.
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!i Pled,ged
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herewith be and tht 8ame are hereby repealed and this ordinance be 1n full tore.
I, and effeat 1mae4.i"1ely upon its pa.8age end approyal. ,]
~ Pueed Auguet £"'th. 1927.-h'
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II President Oity Council.
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' ATTIS!:
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II Oi ty Olel'k-;. -
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II (Oi ty of Okeeohobe. Seal)
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!: ' . ...- AP1>rO~ A\lgU8~ -th. 1927. :)
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I IIa~O~ Ofth~B:ty of Oteechobee. 0'
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aecordlld. August 15th. H1927e I
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¡i R P.toher. I
II Oity Olerk. .
! Upon "U!III $d yote. the M.Ung o.d;loUl'Ded. /7 ,',' I .
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!I President oi4J' Oounoil.
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h1'81Idn..t.. tQ.,ca~.o~theJla:ror,the"Clty OounoUO.f..,the..O.1ty ,(rl OkeeQhobee !
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I aet 1n Spec1al 8e88*" 1n the Oounol1 Ohaaber at the 01ty Hall at g 0'010011: P... I
I August 5th. 1927. sDii the follow~ng were present: J. D. Bird, llayor. Oounollaen I IJ I
¡ H. B. HaBoOllII:. H. L. Ohandl er and Ben Walll: er ..1 th R. P. rl etch er. 01 ty 01 erll:. i, .
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II L. W. J8IIn1l1ge, City Attorney, and L. C. Tootle, Water Superintendent, 111 att8lld- r¡
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I PreÍlld.ent Latout and President pro tea Ossey being abssnt. upon 1IK)t1oa by I
I Oouno1~ Walker. sF°nde4 by CoUncilman Chandler. Councilman Hancook ~a~- sleoted j
1 he.1~t ~o te. t~ ~18 U8t~g. I .
I llayor Bird It&tfd, .that the .eDUng of the Oounoil had been called. for the II . :
I ~se ot oooø1~r~ ~e Mtter ot çutmg pe~1.s100 to ~e ~ho~ BO8M to !
1 ~iU ö~n- &r~ ~- Bi~ Soh~l ~llding Md extftd --- into S-OOM Str"t
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i, ØoImoll111aft OIì8J"~er -84 that OUy grant Oteeohobee Oounty Board ot PI1bl~o II . jl
j In8truOtion p8ra1881$ to build .l.d8 walkron north 81d8 of Block 231 and into.. I
II 8- Street a d18t+oe DØ1¡ to exceed 14 teet trOll property line inetead O! 7t . j
, ¡ t..t as p1'OY148d in ~ tJ' plan for 70 .left. .'1'..t, mo1¡.1on 88oonded 'oJ' Oouno11J1u1 .;
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¡'alker 8.IId paNed. ¡ . .. ,.. ~ '
I 0_1111111l1li 011l1li;81' -84 that Oit, çant Oke.ohoba. Count, Board of Publio : .' I
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