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07-23-1927 Special Meeting rUNUTES OF SP~CIAL MEETING OF CITY COUNCIL OF TRill CITY OF CL~RMONT, HELD ON SATURDAY, JULY 23rd, 1927, at 7:30 PM. ~ '~ The City Council met in Special Session, pursuant to call of the President, at 7:30 o'clock P.M., Saturday, July 23rd, 1927, at the City H~ll. Present upon roll call were the following President H. C. Brown ; Councilmen _.0 "']L .T8:bm; ,H. F. Bailey and W. M. Davenport Mayor, TI. N. McKinney; Clerk, Isam Blackburn. Absent from the State, Councilman A. Aasheim. President Brown read the call and notice of Special Meeting of the Council, as follows : Clermont, ~lorida, July 23, 1927. To the members of the City Counc~l of the City of Clermont: A special meeting of the City, Council is hereby called to be held at the Ci ty Hall in th.e Ci ty of Clermont on Saturday, July 23, 1927, at 7:30 PM., for the purpo~e of considering and acting upon a proposal to purchase part of the issue of Capital Fund Bonds of the City of Clermont. H. C. Brown, President of Ci ty Council. .4 -.... r~. Bailey moved that the members pre~ent waive all formalities of notice, and consent th~t this meeting be a legal meeting of the City Council. The motion was seconded by Councilman Tabor, and upon voto being taken was unanimously passed. The Clerk then announced that he had received a proposal from Messrs. Cox and Bryson to purchase ~60,OOO.00 of the Capital Fund Bonds at 95 per centum of their par value ; upon request, the proposal was read, as follows Or lando, ~11a, July 22, 1927 Honorable l~yor and City Council, Clermont, Florida: . .,., Gentlemen : : For $60,000.00 Clermont, Florida, 6~ Capi tal ~1und Bonds Series 1, being adverti sed for sale July 5th, dated July 1, 1927, maturing serially July 1, 1930, to July 1, 1939, both inclusive, both principal and sem-annual interest on said bonds being payable at American-Exchange Irving.Trust Company, New ~ork City, and in all. other resp~cts comnlYlng with your advertlsement of sale, we wlll, upon ae- livery to us accompanied 'by the signed approviI?-g opinlon of Caldwell & Raymond', pay you $950.00 and accrued interest ~or each ~l,OOO.OO in bonds, a total of ~57,OOO.OO and accrmed interest. l.-.... -- . ~ ... Delivery of these bonds to made to us at our office in Or- lando, Florida, accomganied 'by a complete certified transcript of all proceedi~s hau ot taken in connection with their is- suance ln addi tion to a'boye opinion. This bid is for immediate acceptance. Hespectfully submitted, COX & BRYSON, By T. J. Cox r~. Bailey inquired if the Council had received any other bids than that just read, and Clerk Blackburn stated that no bids had been receiv~d, either in respoDse to the advertisement, or for private sale. other than the bid just read. tl'he Council then discussed the above bid, and after consider- ation, Mr~ Bailoy. moved that the bid be accepted, and that the Capi taf ~'und 'Bonds in the amount bid for be awarded the bmdder. , The motion 'was seconded by Councilman Tabor, and upon rmll call was unanimously adopted, the vote being as follows Ayes: Councilmen Brown, Bailey, Davenport and Ta'bor. Nays: None. Mr. Bailey then moved that Attorney West'brook be instructed to prepare all necessary papers as to the delivery of the 'bonds '" in accordance with the purchaser's proposal, which motion was duly seconded and was carried unanimously. rrhere being no further business, the Council then adj ourned subject to call of the President. '~~A~ Presiden t Ci ty Council ~ Ci ty bler- . ~ ~ .., } .: ~ 1. ,~,' ,.,!, ",,' ..:. . . ;:'.:1: . :; ;"'r! .~ . - ; ';.":';1 ,'ij J.,: .} '/ \ ,I' oj.l i~ !,. , ,~I' , " \: 'i ,', " " ' '~ . ~~: '~ ,~ " July math, 1927 WHEREAS,; 1 t Is necessary to borr-ow from the First state Bank of Clermont $1000.00 for sixty days to finish paping ,I July first IIQturltles. ' 110\71 THEREFORE, BE IT RESOLVED, That the proper offloers of the 61ty of Clermont be,ar"d that they are hereby authorized and directed to r~e,axecuto and dellver unto the, sald First State Bank, a certificate of' indebtenoss, in the sum'ot'$IOOO.OO payable sixty daJlS from date wlth Int~rast at the rate of 8% per annum until paid. Done at a special r~eet1ng of' the C1 ty Councl:1. of the Ci y of Cl rmont held at the City Hall July 18th, 1927 at IO O,clock ~~ Pres Qnt or Council . . \ July 18th, 1927 'S'tA'FE OF FLORIDA COm,ITY OF LAKE CITY OF CLER~OHT This is to certlf'ythat the City ot C]ermont a ~unlcipal corporation ~ tho County of Lake and state of' Florida la indebted unto the Firat Stat$ ftnk of Cla~ont, 1n the sum of One Thousand Do1lar3 UilOOO.OO)" whlch SUlK the said City agrees to pay to the order ot the First State Bank on or before sixty days frol. date' with intE)1"a3t at the rate of 8~ per o.n.n.um until ,paid,. This certificate is issued in cOll.pl!ance with a resolution of the City of Clermont duly and regurally passed by thr City Council of the Clty ot Clem.ont on the 18th, day of July I927. . ' , ~~ ler Mayor ~~ President of Council