1934-10-31 Special
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Okeechobee,' Florida, Oct. 31st, 1934.
. pursuatlt to call of tho Meyor, tho City COUI1CiJ of tho City of C1ccechobec,
Florida, met in S1')\3C ial session at the City Hall o.t 7.30 0' clock P. M. on the above
date and the following were present: H. H. Hancock, l¥¡~3_yor, Alto Watford, President
Ci ty Council, Councilmen D. B. McCarthy, A. W. BrasS 'l11.d J. D. Brett v.ri th R. P.
Fletcher, City Clerk in attendance.
Mayor Hal1cOClc st;J.ted that meeting of Co'J.Dcil h'~d. been called for the pU1"pose
of considering a. proposi tioD from the Trustees of En.gle Bay Sub-Drainage- District
relat:i. ve to purchase of ,$25, 000. bonds of said district owned by City of Oìceechobee.
Mr. Will. Griffis addressed tþe Co~1cil with reference to the plill1s of the
.. Truatees of the Eagle Bay sub-'-ðr¡lina.ge- Dietrict for refin8.l~Cing so,id di strict.
The following Resolution was offered by Councilman l~:¡cvDrthy ',vho moved its
I ~option. motion seconded by Co=cilmm BraGs and passed:
RESOLUTION
'NHEREAS, the City of Okeechobee, Florida, a ffi.micipal corvor,Üion is the holder
of twenty-five (25) bonds of the Eagle BaySúb-drainage District of the par value
of $25,000.00; said bonds being a part of an issue of bonds in the 8mn of $100,000.00
dated May 1, 1927, and
'NHEHEAS, the Tru:3tees of the Eagle B,:y sub--dr9.inage District 3.re negotiating
wi th the Reconstruction FinD.nce Corporation for the purpose of refinancing s:;:Üd bonds
of the said drainage district, and
Vr:n:aEAS, City of Olceechobee is desirous of aiding the said refil1é3.nc:ing of
said bonds
THEREroRE, BE IT RESOLVED, that the said City of Okeechobee, hereby ac;rces to
sell, transfer (;_nd assign the said bonds heretofore set out to-wit: twenty five
'I bonda of the par v&lue of $25,000,00 to the said Recon3truction Finance Corpcntic"-.
its agents or to the Trustees of the Eagle Bay Sub-drainage District for the Sllifi of
4IÞ 5% flat.
BE IT FURTHER RESOLVED, that in the event w~y of the holders of like bonds
shall recei VG 0. surr, in excess of 5% fla.t, then .in that event the Ci ty of Okeechobe¡'3
shall rec ei ve a like UlTIount, it being expressly e..greed and mutuolly ul1:ìerstood
by any person to '.~hom it m:;y concern, th:;.t the City of Okeechobee makes this agree-
ment to sell its bonds Ð.t 5% flat for the purpose of aiding the Eagle Bay sub-drDin-
age District in refinancing its indebtednes3 and/or oblig~ltions D.nd thD.t it is to
receive an amount for its bonds in proportion to the BJIlOunt held by said City J_S any
other holder of bonds of the s~~e 3eries shall receive in exchange for their bonds.
BE IT FURTH~R RESOLVED that this agreement3hall be in full force and effect
for a period of ten months from do.te hereof, and in the event that the Eagle Bay
sub-drainage District shall not complete the financing of its obligations as hereto-
fore mentioned, within ten months from the date hereof, that is to say, from
October 31st, A. D. 1934, and shall pay to said City the sum of money herein speci-
fied, then this obligation shall be null and void otherwise to remin in full force
and virtue.
462
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PASSED in open special session this 31st day of October A D 1~~4
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Alto Watford !
D B u."':"""rt...y
. . ~I.,;v<.,. ...
A. W. Brass
J. H. Walker, Sr.
(Corpor,lte Seal) J. D. Brett
Members City Cow1cil
ATTEST: Okeechobee, Florida.
R. P. Fletcher
CITY CLERK
Approved by me this 31st day of October, A. D. 1934.
H. H. Hancoclc
M8.yor
Upon motion Council adjourned.
hi L:tÞ UJ *~ .-
Attest: President City Co il ',,--
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Okeechobee, Florida, Nov. 6th, 1934.
The Ci ty Council of the City of Okeechobec, Florida, met in regul0.r session g.t
the Oi ty Hg.ll at 7.30 0' clock P. M. on the aOove date and the following were present:
H. H. Hancock, Mayor, J. H. ~:lker, Sr. President Pro-tern. of the City Cowlcil,
Councilmen A. W. Brass B.nd D. B. McCa.rthy wi t'h R. P. Fletcher, City Clerk in atten-
dance.
President Watford being absent, President Pro-tem. Walker presided over the
meeting.
R. P. Fletcher, City Tax Assessor of the Citj of Okeechobee, Florida, presented I
the City T~x Assessment Roll of the City of Okeechobee, Florida, for the year 1934
as completed by him to the Co1X.'1cil for ex8JTIinatio::1 and acc;cptè:J.:c:;: :"J. ,",oun.eil.
After examin3.tion of said Te.x Assessmcnt Roll by Council, 011 motion of Council-
man McCa:,thy, ceconded by Councilman Brass, Council accept cd. sD.id roll 3.nd ordered
sa~e turned over to the City Tax Collector for tte collection of taxes.
T'he following certificate was ordered entered in tl:e minutes of Council:
state of Florida,
OLcec~obec Co~~ty.
'.ve, the undersigned members of the Oi ty Council in and for the Ci ty of Okeeehobee,
Flo:rida, do hereby certify that we have carefully examined the foregoing Assessment Roll
of said City fer the year 1934 and find s~~e correct.
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J. H. Walker, Sr. ~
A. W. Brass
D. B. McCortr.y
T~e following warrant wc.s ordered entered in the minuteD of the Council:
WARRANT OF ASSESSOR
To L. L. Conrad, Tax Collector of the City of Oke~~hobGe, Florida.
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