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08-06-1925 Regular Meeting
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Minutes of Re~ar Adjourned Meeting of theOity
Oouncil of the City of Olrmont, held August 6th,
A. D. 1925, at eight o'clock P. M.
The City Council of theCity of Olermont met in regular
adj ourned session at the office of the Clerk of said Oi ty, that
being the usual meeting place of the City Oouncil, on August 6th,
A. D.1925, at eight o'clock P. M. Present, Messrs. H. C. Brown,
President of the Council, O. E. T$bor, A ndy Aashei., W. N. MC-
Kinney, Kayor , and B. W.Wait, City Attorney. AbSent, W. ..
Bess, 1sam Blackburn, and Miss Stella Thompson, City Clak.
The meeting was presided over by .r. H. C. Brown,
President of the Oouncil.
Mr. B. W. Wait was appointed to tale the minutes of said
meeting, in the absence of the Clerk.
Kr, Brown presented to the council a letter which he had
received from J. W. Hunter, relative to the street crossings on 4th
Street and !iake Avenue, bf> which the right of the city to crosS
the tracks of the railread company at those points was admitted and
the validity of the paving assessments recognized.
On motion d~ made and seconded, an ordinance entitled:
IAn ordinance granting to the Lake Oounty Telephone Oompany, t1;s
successors and assigns, a franchise along the streets, alleys and
public places within the City of Clermont, Lake Councy, Florida,
for the purpose of cOnBtructing, maintaining and operating a tele-
phone system in the aaid City of Clermont, Florida, and prescrib-
e
ing the conditions under which such franchise shall be exercised'
was introduced.
On motion duly made and seconded, the rules were suspended
,
and the ortinance given its second reading.
On motion dUly made and secoIl1ed , the Said ordinance, of
which the following is a copy, WaS then}8.ssed and adopted.
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Kr. Brown then presented to the COWlcil lDip and pro-
. J:.
file prepared by theCity ngineer, showing the grade and curb
o .
e~evations on Fifth Street from its intersection witq Seminole
Street to Station 6 plus 51, and on Scenie Highway from its inter-
section with Fifth Street eastward from Itation 3 plus 50 to Sta-
tion 6 plus 62.
On motion duly made and seconded, it wae reso~ved that.
that the said grade and curb elevations be, and henceforth remain
the esta li~shed elevations between aaid points, and that said map
and profile be filed in the archives of the City.
Mr. Brown them stated to the Oouncil that Mr. Cash, the
former night policeman, had absented himself from his job for
several days.
He further stated that the Oity Marshal had in-
dicated a willingness to remain on duty until 10:30 or 11:00 P. M.
provided the City would grant him an increase in salary of $25.00
per month and install. anipay for a telephone at his msidence.
On motion duly made and seconded, the foregoing recommen~
tion
I was 'adopted.
Mr. Brown then reported the progress wh~h has been made
by the Layne-Southeastern Company in the matter of boring a well
for the City, stating that two test wells had been bored, neither
of which bad proven entirely satisfactory, and that a third. well is
now being aunk.
Mr. Brown rrthen stated to the OOWlcil that he had proposed
to HendriE-Nicholson Oompany to effect an exchange of Lot No. ___
in Block 91 which is (Xl ned by theCityfof the north 100 feet of Lot
No. 17 in Block 82, now owned by ,sa.id Hendrix-Nicholson Company,
inasmuch as the last mentioned property is perhaps the best avail-
able site upon which to erect the prqposed city hall and fire sta-
tion, 'stating thbt one property could be exchanged for the other,
on equal terms, and that Hendrix-Nicholson Company had consented
to make such a trade.
On motion duly made and seconed, the proper authorities
were directed to convey the city lot to Hendtix-Nicholson Oompany,
and to obtain in exchange therefore a proper conveyance from Hendrix-
Nicholson Oompany of the morth 100 feet of Lot 17, in Block 82.
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D. B. W. Wait then )Jesanted to the Oouncil proof of
publication of the ordiananc~ passed and adqpted by the Oity
Oouncil on the 7th day of Jil.ll, A.D. 1925, approved by.the Mayor
pro tempore on the same day, providing for the holding of a spe-
cial election on the 5th da.y of August, A. D. 1925, on the question
of issuing bonds in the aggregate amount of $100,000.00 for cer-
taim purposes, which was ordered filed in the archives of the Oity,
Mr. B. W. Wait then preseIted to the Oouncil proof of
publication of the M!yor pro tempore~.s proclamation calling said
election, which was ordered filed. in' the archives of the Oi ty.
Mr. B. W. Wait then presented. to the Council proof of
publication of the notice of opening books of registration, which
WaS ordered filed in the archives of the City.
Sealed duplicate returns of the Judges and Clerk of the
specialmond election held on the 5th day of August, A.D. 1925,
together with the ballot boa, containing the ballo~ cast in said
electi con and poll list, were then presented to the Council.
/<
Upon moti en duly made and seconded, the return of said
election officials was ordered filed in the archives of the City.
Thereupon, the Council proceeded publicly to .canvass the
ballots cast in said election, and, upon completion of said canvass,
the following resolutionlRs offered and adopted by the unanimous
vote of all the members of said Council:
: I
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WHEREAS, a epecial bond election was held in the City
d: Clermont on the 5th day of August, A.D. 1925, to authorize
the City Council ofthWCity of Olermont to issue negotiable cou-
pon bonds of said Oity, under the terms and provisions of a cer-
tain. prdinance entitled: I An Ordinanoe Providing for the Oalling
and Holding of an E:tect10n in the City of CJlermont, a Moo.10ip81
Oorporation, inthe Oounty of Lake and State of Florida, for the
-
Purpose of Authorizing t~ Issuance of Negotiable Ooupon BeRds
'h
of said City of Olermont, for the Following Purposes, to-wit :
Sixty Thousand Dollars (180,000.00) for the Purpose of Purohasing
and Oonstructing a Munioipal Golf wourse; Twenty-seven Thousand
Dollars (827,000.00) for the Purpose of Building a Oity Hall and
Fire Station; Thirteen Thousand Dollars ($13,000.00) for the
Purpose of P1mchasing a Fire Engine; Aggeegating the Sum of One
Hundred Thousand Dollars ($lOO,OOO.OO)~ passed and adopted on
the 7th day of July, A. D. 1925, and approved on the 7th day of
July, A. D. 1925: and
WHEREAS, the Judges and Olerk of said election have made
their return showing the result of saideleotion to be as follows,
toe.it:
t
Total number of ballots oas.,
In favor of issuing bonds in the sum of
Sixty Thousand Dollars ($60,000.00) for
the purpose of purchasing and oonstruct-
ing a municipal golf course,
Against issuing bonds in the sum 0 f Sixty
Thousand. Dollars ($60,000.00) for the
purpose of purchasing and. constructing a
munioipal golf oourse,
In favor of issuing bollis in the sum of
twenty-seven Thousand Dollars ($27,000.00)
for the purpose of building a Oity Hall
and Fire Stat~on,
Against issuing bonds in the sum of
Twenty-seven Thousand Dollars ($27,000.00)
for the purpose of building a Oity Hall
and Fire Station,
In favor of issuing bonds in the sum of
Thirteen Thousand Dollars ($i3,002.00) for
the purpose of purohasing a ire ngine,
Against issuing bondS in the sum of 'li*ltteen
Thousand Dollars ($131.000.00) for the pur-
pose of purohasing a I:ire Engine,
.~ber of ballots thrown out, ~t being im-
po~s1'ble to determine the inte-ntion of the
voter,
92
30
-'"',
58
76
14
.
81
11
None
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and,
---
WHEREAS, as req~ by the said ordinance hereinbefore
referred to, the City Council has on this day canUlssed the
returns of said election:
IT IS, THEREUPOK, CERTIFIED, by the City Council that
the result of. said Eie4tion is as follows, to-wit:
Total number of ballots oast, 92
In favor of issuing bonds in the sum of
Sixty ThousaDd Dollars ($60,000.00) for
thepn-pose of purchasing and construct-
109 a mudcipal golf course, 30
Against issuing bonds in the sum of Sixty
Thousand Dollars ($60,000.00) for the .
Purpose of purchasing an.6 constructing
a mg.nicipal golf course, 58
In favor of is suing lDOOs in the sum of
Twenty-seven Thousand Dollars ($27,000.00)
for the pu~ose of building a Oity Hall
and Fire Station, 76
Agaiast, iBuing bonds in the sum of Twenty-
seven '1\ousand Dollars (ta7jDOO .00) for the
purpose of building a City Ball and Fire
Station, ,14
In favor of issuing bands inthe sum of Thir-
teen Thousand Dollars ($13,000.00) for the
purpose of purChasing a Fire EDgine, 81
.
Against issuing bonds in the sum of Thirteen
Thous and Dollars ($13,000.00) for the pur-
pose of pur chasing a Fire Engine, 11
Nunmber of ballots thrown out, it being im-
possible to determine the intention of the
voter, .
lone
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The issU$noe of said bonds, exoept in the sum of Sixty
Thousand Dalks ($60,000.00) for the purpose of purchasing and
construoting a munioipal golf oourse, having been approved by the
affirmative vote of a major1~y of the freeholders voting for eaoh
purpose separately, it is. hereby oertified anddeolared that said
bonds, in the sum of Fort~ ibousand Dollars (,$40,000.00), for the
pU%pose of building a Oity Hall and Fire Station, and purohasing
a Fire Engine, have oarried, and that said e1eotion has resulted
in favor of the issuance of the said bonds, and for the purposes
thereof, exoept the item of Sixty ThousanD Dollars ($eo,OOO.OO)
for the purpose of purohasing and oonstructing a munioipal golf
oourse.
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IN WITNESS WHEREOF, The City Council of the Cit y of
Oiermont has caused these presents to be signed by the President
of the Oity Council, attested by the City Clerk, approved by the
Kayori and the corporate seal of said City affixed, this the ____
day of August, A. D. 1925.
.)resident of ~ity Oounci1,
Attest:
Oity ttleek.
APprOVed:~ay~;, Oity of ulermont.
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Thereupon, Mr. O.E.Tabor offered an ordinance entitled:
DAn Ordinance Establishing the Date, Number9, ?Denomination, Dates
of Matur~ty and Form of the Bonds Provided for in a Oertan Ordinance
of theOity of Olermont, Passed and Adopted by the Oity Oouncil th2ie8-
of, on the 7th day of July, A. D. 1925, and Received and 4pproved
by the Mayor Pro Tempore of said Oity on the tth day of July, A. D.
1925, Entitlei: 'An Ordinance Providing for the Oalling and Holding
of an Election in the City of Clermont, a Municipal Oorporation, in
theOounty af Lake andState of Florida, for the Purpose of Authorizing
the Issuance of Negotiable Oojpon Bonds of the Said Oity of Clermont,
for the Following Purposes, to-wit: Sixty Thousand ~ollars
($60,000100) for the Purpose of Purchasing and Oonstructing a Muni-
cipal Golf Oourse; Twenty-seven Thousand Dollars ($27,000.00) for
the Purpose of Building a City Hall and Fire Station: Thirteen
Thousand ~ollars ($13,000.00) for the Purpose of Purchasing a Fire
Engine; Aggregating the Sum of One Hundred Thousand DollaE~,
($100,000.00)', Directing theExecution of said. Bonds, and Providing
for the Levy1n~, Assessing and Oollecting of an Annual Tax for the
...
Payment of the Principal and Interest of said BondsD, which said
ordinance waS read in full for tm first time.
Mr. Andy Aasheim then moved that unanimous consent be
gi ven that said ordinam e be:read in full for the SEmnd time.
This motion wc:.s seconded by Mr. Tabor and, upon a roll call vote,
waS unanimously carried b,y the affirmative vote of the Oouncil~
Thereupon said Ordinance was read in fllll for the second time.
Mr. Aasheim then moved that the said ordinance be passed
and a4o~d.
Said motion was seconded by Mr. Tabor, and said ordin-
ance was passed and adopted by the unanimous. roll call vote of the
of the Oouncil. A copy of said ordinance is as follows:
.
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On motion duly made and seconded, the following resolu-
tion waa passed and adopted:
(
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were ordered paid:
On motion duly maQesnd: seconded. the f
, ollo\Ving bills
';later AUld.
Florida Public Service Co.
TT - .
~eptune ~~ter Company
L.F.Cox
Cain-OrBerry Boiler Co.
Gxoiffin :;:;'dr,r Co; li.fC. Co.
SOuar0 neai~~crcGe
J.!'crquho.r ~.:c.chiner~r Co.
~10~.80
2.05
125.00
5.94
54.00
') 0 01
.75.89
Street Fund.
s~uarJDeal Garacre
Clermont IIudson-EsseJc
28.12
2.10
Publici ty ]'unCl.
II1cJt:e Count~;" Chabber O:L C.
Jnc};: I:f...verfield
"12.50
50.00
Gcnerc..l ::'ulld.
D.A~ ~ill Clelland
B . O:J , '.Tai t
8.S.Fesler
Lr.ke Count~r Telephone Co.
DwiGht Gaines
Clermont lTess
G.L.Jones
C.C .C,-.sh
r .H.F.:iChy
Floridu Pub. Serv Co.
Stella Thol!:l.I>f?on
j)uncn.n t; lIamlin
125000
25.00
12.50
2.50
4.50
144.72
21.2i>
28.77
~O.OO
181.75
45.75
25.00
S)ecial Puvinr; 1,2 .) 3
C~as. ~. Bro\7ne 25.00.
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I
OBDINANOE NO.
.
An Or6inance Establishing the Date, Numbers, Denomina-
tion, Date~ of Maturity, and Form of the Bonds Provided for in a
Oertain Ordinance of the Oity of Olermont, Passed and Adoped by
the Oity Oouncil thereof, on the 7th day of July, A.D. 1925, and
Received. and Approved by the :Mayor Pro tempore of said 01 ty on
the 7th day of July, A. D. 1925, Entitled: IAn Ordinance Provid-
ing for the Oalling and Holding of an Election in theOity of
Olermont, a Municipal Oorporation, in the Oounty of Lake and State
of fiorida, for the Purpo$ e of Authorizing the Issuance of Negoti-
able Ooupon Bonds of the said Oity of Olermont, for the Following
Purposes, to-wit: Sixty Thousand Dollars <$60,000.00) for the
Purpose of Purchasing and Oonstructing a Municipal Golf Oourse;
Twenty-seven Thousand Dollars <.27~0.00) for the Purpose of
Building a Oity Hall and .II'ire Station; Thirteen !'housand Dollars
- ~
($13,000.00) for the Purpose of PurchaSing a Fire Engine; Aggre-
gating the Sum of One Hundred Thousand Dollars <$100,000.00)1,
Directing the Execution of said Bonds, and Providing for the
Levying, Assessing and OollDting of an Annual TaX for the Payment
of the Principal and Interest of said Bonds.
WHEREAS, on the 7th day of July, A. D. 1925, a cirtaln
Ordinanoe was passed by the Oity Oouncil of the Oity of Olermont,
entitled: IA n Ordinance Providing for the Oalling and Holding
of an Election in the Oity of Olermont, a Mumdcipal Oorporation,
in the Oounty of Lake and State c:! Florida, for the Purpose of
Authorizing the Issuance of Negotiable OouponBonds of the' Said
Oity of Olermont, for the Fo~lowing P~oses, to-wit: Sixty Thou-
sand Dollars <$60,000.00) for the Purpose of Purchasing and Oon-
structing.a Municipal Golf Oourse; Twenty-seven Thousand Dollars
($27,000.00) fsr the Purpose of Building a Oity Hall and Fire
Station; Thirteen Thousand Dollars <$13,000.00) for the Purpose
of Purcbasin~ a Fire Engine; Aggregating the Sum of One Hundred
Thousand Dollars < $100,000 .00) .., whioh said Ordinance was approved
by the Mayor pro tempore on the 7th day of July, A. D. 1925: and
.
WHEREAS, at an Election held in pursuance to the pro-
visions of said Ordinance and the Mayor pro tempore's Proclamatiom,
issued in accordance with the terms thereof, the issuing of said
. bonds, except the item of Sixt)! Thousand Dollars (.60,000.00)
fpr the purpose of pUChaBing and constructing a municipal golf
course, was approved by a majority of all the voters having the
qualifications provided by law and voting at such election: and
WHEREAS, theOlity Oouncil of the Oity of Clermont now
desires to establish the date, numbers, denominations, date of
maturity and form of said bonds, to provide for the execution of
the same, and to provide for the levying, assessing and collecting
of an annual tax for the payment of the principal andinterest of
said bonds:
NOW, THEREFORE, BE IT ORDAINED BY THE OITY OOUNOIL OF
THE OITY OF OLERMONT:
Section I.
That the bonds provided for in *ha~ certain Ordiance
of the Oity of Olermont entitled: BAn Ordinance Providing for the
Oalling and Holding of an li1.ection 'A the Clty of Olermont, a Muni-
cipal Oorporation, inthe Ooua, of Lake and State of Florida, for
the ~ose of Authorizing the Issuance of NegoUable Ooupon Bonds
of the said Oity of Clermont, for the Following Purposes, towit:
SiBty Thousand (160,000.00) for the Purpose of Purchasing and
Oonstfucting a Municipal Golf Oourse; Twenty-seven ThouaandDollars
(827,000.00) for the Puxpose of Building a Oity Hall and Fire
Station; Thirteen Thousand Dollars ($13,000.00) for the Purpose
of Purchasing a Fire Engine; Aggregating the Sum of One Hundred
Thousand Dollars ($100,000.00)", passed the 7th day of July, A. D
1925, and approved by the Mayor pro tempore on the 7th day of July,
A. D. 1925, except bonds to the amount of Sixtit Thousand Dollars
($60,000.00) for the purpose of purchasing" and constructing a
--
municipal golf course, the issuing of Bhichbonds, except the aaid
amount of Sixty Thousand Dol:Brs ($60,000.00) for the purpose of
purchasing and constructing a municipal golf course, was authorized
by the vote of the qualified electors of the ,Oity of Olermont, at
a. special election held on the 5th day ofAuguet, A.D. 1925, pur-
.:pro teIQPore
suant to a proclamation issued by the MayoI!Of" the City ofCler-
.
mont on the 8th day of July, A. D.1925, shall bear the date of
July 1st, A. D. 1925; shall be forty in number, numbered from one
(1) to forty (40), both.inclusive, shall be of the denomination of
ONE THOUSAND DOLLARS ($1,000.00); and Shall mature in the followimg
manner to-wit:
1 to 10, both numbers inclusive, July 1*~,1935;
l~ to 25, both numbers inclusive, July lst,1945j
2S to 40, both numbers inclusive, July lst,1955;
all of said bonds to bear interest at the rate of sill pe r centum
(~) per annum, payable semi':'a.nnually on the :tI1rst days of January
and July of each year, and to be due and. payable, as to both in-
terest and principal as the same mature, at the American Exchange
National Bank of New York Oity, New Yort.
Section II.
That the said bonds, and the interest coupons thereof,
shall be in substantially the following form, to-wit:
UNITED STATES OF AMERIOA
STATE OF FLORIDA
aOUNTY OF LAKE
OITY OF OLERMONT.
MUNIOIPAL BOND.
No.
'1,000.00
For value received, the Oity if Olermont,a munioipal
corporation, in the CG~ty of Lake and State of Florida, hereby
r~
acknowledges itself indebted and promises to pay to bearer ONE
THOUSAND DOLLARS ($1,000.00), on the first day of July, A. D.
lS~ with interest thereon at the rate of six per centum (~)
per annum, paYalbe semi-annually on January 1st, and July 1st, on
presentation and surrencler of the annexed interest ooupons as
they severally become due, both principal and interest being pay-
able 1n gold ooin of the United States of America, of the present
standard of we1ght and finefless, at the American ?Exchange Nttional
Bank of the Oity of New York, New York.
This bond 1s one of a series of forty (40) bonds, aggre-
sating Forty Thousand Dollata ($40,000.00), of like date and tenor,
~
except as to date of llfJ.turity, each of the denomination of ONE
e
."......
--
THOUSAND DOLLARS ($1,000.00), and. is issued by the Oity of 01er-
mont under and in full compliance with the Oonstitution and Laws
of the State of Florida, and an ordinance entitled: IAn 6rdinanoe
Providing for the Oal1ing and Ho1dingof an E1eotion in the Oity
of Ulermont, a Municipal Oorporation, in the Oounty of Lake and
State of Florida, for the Purpose of Authorizing the Issuance of
Negotiable Ooupon Bonds of the said Oity of 01ermont, for the
Following P~o~es, to-wit: Sixty Thousand Dollars ($10, 000.00)
for the Purpose of Purohasing and Oonstructing a Municipal Golf
Oourse; Twenty-seven Thousand Dollars ($27,000.00) for the Purpose
of Building a Oity Hall and Fire Station; Thirteen Thousand Dollars
(.13,000.00) for the Purpose of PurCha~g a Fire Engine; Aggreg,at-
ing the Sum of One Hundred Thousand Dollars ($100,000.00)11, passed
and adopted the 7th day of July, A.D. 1925, and reoeived and
approved by the Mayor pro tempGce on the 7th day of July, A. D.
1925; a speoial eleotion by the duly qualified electors of said
Oity, duly oal1ed and held on the 5th day of August, A. D. 1935,
and prooeedings and resolutions of the City Oounci1 of said Oity
'f Olermont, under said ordinance approved the 7th day of July,
A. D. 1925, and other ordinanoes, resolution and prooeedings of
said Oity duly had and adopted.
Th:i3ll>nd may be registered in the holder's name as to
prinoipal only on the books of the Oi ty 01~rk of the GJi11y of Uler-
mont, Florida, suoh registration beillng note4 upon the bond by
saSi Oity Olerk, after whioh no transfer shall be valid unless made
on the Oity Olerk's books by the registered holder and similarly
noted on the bond, buthhe same may be disoharged from registration
b, being transferred to bearer, after lbioh it shall re transferraDle
bJ delivery, but it may be again registered as before. The regis-
traion of the bonds as to principal onay shall not restrain the
negotiability of the oOyPons by delivery merely.
IT IS HEREBY OERTIFIED, REO IT ED AND DEOLARED, that all
aots, oonditions and things required to exist, happen and to be
performed, preoedent to and in the issuance of said bods, have
~
existed, have happened and^been performed in due time, fo~ and
manner as required by t~e Oonstitution and Laws, of the State of
Florida, and the ordinanoes of the said Oity, and that this issue
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e
FIr the payment of the principal and interest of this
bond the full faith and credit of the said Oity of vlermont are
hereby irrevooably~ledged.
IN WITNESS WHEREOF, The said Oi ty of vlermont has oaUS ed
this bond to be signed by its :Mayor, attested by its Oity Olerk,
and its oorpo mte seal to be af:f1 xed, and hasoaused the interest
ooupons hereto attached to bear the lithographed fac-simile si~
natures of said Mayor and ~ity U~erk, and th~s bond to be dated
...
July 1st, A. D.1925.
Kayor
.attest:
FORM OF OOUPON.
No
.30.00
The City of ~lermont will pay to bearer on 1st day of
. A. D. 19 . Thirty Dollars in gold ooin of the
United States of the present standard of weight and fineness, at
the Amerioan Exohange National Bank of the Oity of New York, New
Tort, being six months' interest then due on Bond No. of
the said Oity, dated July 1st, A. D. 1925.
Oity OJ.erk.
lIayor
That there: ahal:lnie pr1hted::'aSd: endorsed on the baok
of said bonds a provision for the registration of said bonds in
suJastantial1y th~ following form:
PROVISION FOR mEGISTRATION .
'-
This ~nd may be registered inthe holder's name as to
principal only on the books of the Oity Olerk of the O1ty of
Olermont, Florida, such registration being not ed upon the bond
by the said 01ty 01erk, after which no transfer shall be valid
unJ.ess made on the Oity Olerk's books by the registered holder and
similarly noted on the bond, but the same may be discharged from
registration by being transferred to bearer, after which it shall
,..
..
~...,/ .."
it ~l be tltanSferable by delivery, but it may be again re-
gistered as before. The registration of the bond as to prinoi-
pal only shall not restrain the negotiability of the ooupons by
delivery merely.
DATE OF REGISTRATION:
Dr wmJSE NAME BEGISTERED: SIGNATURE OF DITY
CLERK.
Seotion III.
.........
Any or all of said bonds may be registered as to prinoi-
pal only in a transfer book or bookS to be kept by the City Clerk
for that purpose. If the owner or holder of any of said bonds
desires to register the same as to pripcipal, such owner or holder
shall deliver said bond or bonds to theOity Ulerk and it shall.be
the duty 0 f said Olerk to register the same as to principal in
said transfer book or books, and ~~Q~: endorse such registration
upon said bond or bonds, and thereafter the principal of said bond
or bonds shall ~e paid to the registered owner thereof last appear-
ingupon said' book or books. After such registration no transfer
shall be valid unless made on said transfer book or books by the
re&;1stered holder and similarly noted on the bond or bonds, but
the same may be discharged from registration by being tran'ferred
to bearer, after whib said bond or bonds ahallbe transferable
by delivery, but may be again registered as before. The registra-
tion of any bQnd or bonds as to principal only shall not restrain
the negotiability of the coupons by delivery merely.
Section IV.
That the MaJo.r and 01 ty Olerk are herekY authorized
and direoted to have tqe necessary number ofmnds printed or
lithographed, and when said bonds shall have been duly prepared for
execution the May a: and Oity Olerk are hereby authorized and cili;rect4d
to execute the Same and affix the corporate seal of the Uity of
Olermont. The interest coupons to be attaohed to said bonds shall
bear the lithographed fac-simile signatures of the said J4a.yor and
. ~'iI"
\
Oity'Olerk.
.~
Section V.
That there shall be levied, assessed and colicted
.
in each year wMle said bonds or any of them are outstanding
andunpald, at the same time a;np. in the same manner as other
taxes are levied, assessed and collected, a special tax upon all
the taxabieproperty, both real and~rsona.l, within said Oity as
shall be necessary and sufficient to.pay the interest uponsaid
bonds as the same bEtOme lIIie, and sufficient also to provide a
.'
sinking fund to retire and pay the prinoipal of t:tle said bonds
at the maturity thereof.
Section VI.
This ordinance shall be promulgated. by publishing a
copy thereo..f in the Olermont Pee e..., a weekly newsppper published
in the Oity of vlermont, in its issue of August 13, A. D. 1925.
Secticn VII.
This ordinanoe shall become effective immediately
upon its passage by the City Oounoil, and upon being approved
by the .ayor.
Passed and adppted this
t, A. D. 1925.
Attest:~~lLt-.. ~
.Oity lerk. .
Reoeived and approved this 6th day ofAl&b,~,A. D. 19a5.
Jra "jor , lTi t Y 0 f Glermon t.
....-...
.'.
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Upon motion duly made md seconded, the Oity Attorney
was instructed to institute proper. proceedings for the validation
of said bonds.
There being no further buSiness, the meeting adjourned
to meet again upon the call of the President.
Approved: President, Oity Council
Attest:
Oity Olerk.
\~\
\ '
.,-'
1
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provL,ions of Secti nIl, ChE'.pter 9E'96, L.. ws of Floricr, Acts of
1922:
-'
I~O:<., TFjl~j:::!.i.;J}i'O:.li.i, BE IT RESOLVED, Thet L conc.~ iSEue in t:i:J.e
E:U:~ of Fifty ThousE n6 Doll~r8 ($50,000.00) for the )UX1)Oee of
i'illfllcing the cost 0:: cons':;ructini-~;, r;rr ci. in!::; , ::J8.v5.n:~ i.. nC. otl1er-
wise illl:9rovin::.~ the stre~t E .... !lL'. t venues syeci::'icC'll y s::; t forth
cn( c escribee, in e. certein resolution rc.:opteo. 'by tilO City Council
of th(; City of Cle:ri.l:):.1t ,jl1 the 6t:1 (..,:'y oX- Jf'nur-:ry, 1925, be, ent!.
the s~'me ir: here'by Ci.'lithoJizeo.; tl1::t Naid !.~.oxq:, s shc'..ll t;0 of the
c..enom:~nf:.t i~1n 0:: One T .:._oust:16. Lolle.rc. . ~l, 000.(0) e. ch, c~e.t 66.
Gal.1Lry 1, 1925, ShEJ.l 'i::le~r interect c.t the 1'.<e 0:1' 6ix ~-;cr centwll
(6%) )er l. nnum, IJ[,Ye,.'ble se.Jli-CnnufllJ' en the fir~t (\cys of' July
t.11~'. JE:.,nu;;r/ of eE.:ch yer1', shFll be nULl)erc:':';' consecutively from
6ne (1) to Fifty (50), 'both n'llnlbers inclusive, "n(:;. to illHture
6e1'i<.;.11y in the :fol10Viin-,' l:1[nnel', to-v.i....:
1 to 5, both nUllloel's inclusive, Je.nut.ry 1,
6 to 10, bot:tI num'0ers inclusive, Jrnuc.rJl 1,
li to 15, both amn'bers inclusive,J~nu~ry 1,
16 to 20,bot:i.l mU"iLers incl~'is~,JC::.nuC1.ry 1,
21 to 25, both n'~10er6 inclusi~e,Jenu~ry 1,
26 to 30, botL rr~ilie~s inclusive,J~nuLry 1,
31 to 35, bo th nUj'!bere: incl us i v"e ,JcnuE.ry 1,
38 to 40, ".:>oth num'bers~inclusive,Jc;,nuLr~; 1,
41 to 45, both nU:.l.:ers incl-..lEoi'i{c, Jt.Iluery 1,
46 to 50, both n1li.:'cc1's incl~;.Si"\i"e,J~nu.Ery 1,
1926,
1927,
1928,
lC~O
JhJ.."
1930,
lSZl,
1932,
1933,
1934,
1935.
Both principe.l t;,nC interest S:i.lf'll 'bE; :)[1<:-.1:>16 Ft the American
Exchf::nr:;e l-kti.' :al Be',n:: 0:;:' ~~e'l.. York, Ne' York, in J.cr:fu1. i]Cmey 0::: the
U itE.c.~ ot<=t ea. o:? .A4nmric{"., en{ sf.ie:. ':Jonc,El ahCl1 pc.: si~':lle~; by the
llc,Y01' 'c tic.. City Clerk of '~.L:E 01 ty ~:( Jlcr1llDnt un:.er the of:-:iciE'.l
e.ec..l 0:: s:..icj, municilX lity, ("lIC the :i.nti;;rest COUllOl1S t t.~t:.cI1e(. there-
to 811:,11 "De si"I'nC~ \ritj,}, J~hE; en.:,'rrve... or lithor?1't~ullcC ::'rc-E;il~lile E.i:?:-
~ '''' '-J.... _
npture oi:' Se ie" Me yor; c.nl. the c-,~. ie:. ~von(.E. E n(. cou)ons, \':i th tae
necE:seu:y vC'.:r:ic..tioYls to ~..L1\' ice. te th~ (iif~ere!lt nm.1:.Jer's c~n~ C::iiferR.Llt
C.C!tcs of mE.turi ty, sh~ll 'i:>e in sw'st<.:ntir.lly the follotnin:~ form,
L.o~
to-wit:
_.~
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~
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.... ...""...,.....
No.
$1,000.00
mT~T2D ST~Tba O~ AMERICb
l:3TJ:1T~; CF FLORr;~~
CO'JNTY Ol L,iJ.J(E
CITY C,!' CLE;R:~~~7T
. Il:.i~ROV.l:L:i:lI'J: BOND.
KE~W aLL EI~ BY THE81 }R~GE~TS, Thrt the Uity of L~ermont,
Lrke County, I'l0riclt, Ct. nr.micipal cor~)oI't:. tion ~:,ulJ orgf. nizeC: Fncl
existinG un(er the lc:..vTs of t~l(. St.. te of ~"I()I'ic:.1 , f,'):. v.lue received,
e,cki.1:JwIeC::.~<es itself inc.ebteci Enc~ :...~ro..dses to ::.-:f. y to the:: ...>ea.rer
he', eof Jlih~ bUlll of.' Jne T.i.lOUE,Cn6. jjolJ.Lrs (~1, 000.00) in It.wful money
0::" tl:'6 U~li tec.. Str tes of amel'ice, on tl1c fire: t C~l'y oi' J~,l1m; ry, 19-,
vd th ::'nterest t~1er60n. Lt the r~,.tE. of 61:::: :':-6= centum (6!:~) }:'leI' t,~'lnu.~,
pe.yr.. 1e 8L...::i-t'.nnu~,lly on the fi::S t I: i... ye 0:':' July c-nl. Jrcnu.c-it"Y of e~ ell
ye,-r, .)n ~.resentf1ti'm En.. (".lI':.el1ci.er (I:;':'t~:e int eres'G cou::)(')ns he:i:'eto
[~m1E,)XeC~, C':s tL':'cy ~;.. verLJ.lY;)CCOlae c-:'''.le, ir~nc1p['l :;,uc :lnte:,,:'est 'bein2;
pCi.~Tr ~Jle t..\; tij,E: ~l1eriCbl ~~~,c11an~e Nfl.ti"m:.1 BE .1.:;: in t:i:€ 01 ty :::-1 Uew
York, 8trtc of Nel Yor~"
Th~ 'bon6. is i)ne of t s61'ie::; of fifty (50) bJl.1ds,c..ggre:':;fting'
Fi:ay ,:r:.i.~0-:..u::[~116 .i.J'j:~J.r;;,rs (#50, 000 .O~) of like. 6..' J.;~, .. :'lL tenor,
,
.J.. t t. t . ~. t' II . t ..
excep II tE. 0 nlL UI'J, J, J.s:=,uec. 0":/ .I.:~~. vl. y 0:':
t..rlermO:"1t :::'01' Btre~ t
im'provcment purposes in st:~ ict conJor.:li ty wi tll the C.)!lst i tut i 'on Clno.
1,,',\\'s 0:;' tnL Stc .'~ of F::"orL r, :l.!1cl-.J.d.in~; r..mon;~ others C~l[.l)ter 9298,
Gc.ner.. 1 Lvws 0::: ~:'lor it f, 192~'..
IT I8~ Hbn:.::;r~Y Cl~RT:FI..:iiJJ, RICIT::i;I,; .h:UJ :::'li:CLaPJ!iD, The t ell ~.cts,.
conCi t :...):;;1.S ".ne tilingc r€.c~"o1ir€c::. b3T 1.. r. to exist, hCl1pen ;:. n, 'be per-
fOrrl~e(~ ~1rc CEldfmt to f-11('. ".n tile iSEU[; .:lce 0::' t:':'ie i:>on6. L1; v~ existec.,
h, ve 11;;1...' ;enec: Ln_ 11': ve i:>cen ~l.'ior~:ecl :.n rE.e;ul:: r ,n. i.. u.:. t ";'i..iE.., form
,nc~. l~t ~::.nel' LS requirel. b~T lU7; c.ne th;: t t:hE. cJ.!:.:.ount 0:;.' J;j:,iz LJon6.,
tocether r.-ith ul ot:i.J.€, :in': e~')tec5.neee of tilE. (J:=.. ty o:~' Jlc I'..,,-;nt, LOLS
not exceed ::'.ny lL:l1t :.)reecribe(~ b}" t~lC Constituti'J:'l n1C at.. tutes of
the StLtCJi' FIori(:.; r nc the:':; ',Jefm..'e thz issuc:.ncE.. 0:[' J.;:iJ.is bone:,
provisi.n :ill.S ;::t.;e:i.'l :::fCJ..e ';y rce:lutl n 0:::' t:~E.; Oity :Jolli'1.c:Ll to f,s;:;ese
c'.tlnu~lly t tc x u)on I 11 tf..xf'bIc ::roperty '!":1 thin thE; ~or)orc:.tc
-
........
lilili ts of the Ui ty ot vleI'do:lt, to 1'~ [.li~.e r'. S'.~.iU suf::icient to
;m,y the intc:.r8E:t u;;on t.~:ie ':;':mc::. C'..~ :. t nr y 'becOi:.e ci UZ L: n( to ore. te c.
EiJ.i.l...::..n;; :tunc. ::'or J.:;ile ~'F:ri;lent i:.:~' t~~e :-:rinciprl hereo:;:' ; J.; the lJt.turi ty
of S:illG.
..tnf. ::'or tn;;; lI:y.;lcnt 01 the :-:rincil'{;: 1 cone!. interest of tllis
.... ..
iJo1'1(, tlle full fe.i th tn(. crcl..i t 0::: tLc vi ty of ule:':'_iunt is hereoy
irrevoOi ole plec..~ee!..
n~'':IT~~SS "..HlZR.i./r', The 6ity of vlcr.~o~'l'j,; h[.s Ct uE:zc.. tJ.~is bond
to~c Eig~'l€:. .~y its Mr;yor, r.t':,;eE'te 'by it::. (Jit~r Ulc::.rlc Lie;. its
cor;,:JCl: te 6;::c..1 to ~o,,; :i.l:::::Cunto G.f i."i:ec..., t ~1':; J.l: E:l fur'~l1E:::' Ci: '-.lEi~L the
int~l'GE.:t c:.U~)011S lle:..'~to ~ tt..cheG to 'ce~r t.iJ.e J.ithoC:..r '.:n:c. fe--c-sL41ile
Ei~n:tumof E~it M~yor :~ thi~ b~11~ to be ~Etc~~he lEt i~Y of
JtllU. ry, 1825.
CITY G:l (;L~:~r::.ET.
--Lk.yor
i.ttct~;M
. 'ty~
FOR::l
~ . ",":1
\ .'
:':J!lTi:REST COUPON
Cou. ~on 1~ 0 .
'30.00
On the let liry of July, 1925, t~0 0ity of Clcr~~nt, Lake
County, ~'loric.t~., ~,'l11 ~~ i to -')C::~,l'zr tllC 0".)..;;' o~: T::.::!.!'ty Do~rs
('30.00)i1'1 It.:.w1iul. ~onE;'f 01 t:ile Unit eo. St1;.tes o:r iiL.'u!rlo~, t~t tt.e
~ne::.:ict:':' Exchcn'e ~T~lti0~lt 1 BL~lk :;.n t~'::: Ji tjT oticl Btr..tc of l~et'l Yor:!.::,
be3.n::.: E.e.::i1-c:"nnu::1 inter~Lt then ~ue on its I..~:~~l'o;re::iZ:'.'lt }~01.1c:. ~ro.
c.t:.te( Jc. nUf.:ry 1, lC25.
lifyor
B~ IT li1URTH.wR ~3CLV.alu, Th~t Ll1Y <: n:',. rJ.l e':.i€.ci. ,1 ~'sses:s-
- i'1:.cnte }.~ :iec.. pur;. hi.: os~c ';);.7 t;ll;? Oity G:~' ....:.e:1' .:-:r..t, ~nol~i l, 1UO:1 t:i..:.e
~ul'O',)Cj;'t.:; '0e"-1e:o:it.~\:.c:. 'b~1 ':'ilS stre:.:;t i;il :cove..lents cm'lst:hucte('. O'.lt o:c
t:le :.:roceE,(:'z 0:;:' tL1C "uon: z ruti.:orizec. ~:.,} t~:5.8 r:.solut:";~l, e:.L.Jl, U ".011
t~1:: :i.1' C";'JJ.:!.c;ct .'. <:., -:Je L.L.:'.. ic tely :y~JG into tJ.l~ si:..1kinw' :?un.:. LnC:. :JlecS.ged
8elll.:.... ::O!.' J,:;~'.c:',--ywGnt"':.: t},:f; ..~l>inc~_l), 1 < ~l:'iatEl'eEt o~: t~'1.8 ~J~'U(E:
h,;.::: . ;;.~r " ut~j,.~:::,iECL ~~O :.JE: i~CUE;;, ; ~'.~lL L.1 J':J.K C vent -:~J.(; _ :~'oceE.c_s 0:':' f.: h.
-
--
E;pcci~.l t:.SeeSU.lents Bh(':'ll "Dc.; incuf'ic::'ent to ~'Y'ovi:..".e for tilS
pi.''Y''mcnt oi' '~J.lE. ;.:rinci:::c.l V.l1C: in~jGl'ost of Si i6. iJonc.L .;:. the EH l~le
.~ec,~;';!c. '".u:'. "n .,'.....\i....~i'~. the Viti7 0'/ (j-."",,7......1t J:"ori.... .c....C'iJ'T
- ....w '"' _t..I.l:_.....IL_Jt._....l;oI', .....1..... ~.......1, _ ..L'~''''4.J. J
covenr~ltB ~n.. r:~re.s l:l:th tile hoL~r or holc..ers o:~. E.i.iL 00 i.':,. E;, ,Jr
t ny 0:':' the..t1, to levy 0:. anuLj.1 y U -.011 t::'..l the t:: J~l.,.1Jlel;iroy.>€l'ty
o.~ s&i~'.. Oi. ty c: t~::~ sU:':..1cL..;nt to :"l~€t s~ io. c..ef'5.cicmd:Yj it "ueill:'::
the :;.ntenti -'n o:~. ;;;.~'ic.. ci t} to )l'oyi( e for til\': ~)l:.:r.~€nt 0:::' the
~~1r::nci-)t,1 i. 11(.. ..atcreot oi' E:!:. id ';;on.. s :.n'i:.:nc;rily Ou.t 0::' ~;'i1~ proce, (.";.s
of E.; it spech J. i.. Sf;eSSl..:.ents; ",Jut tlh: full Xi i th :,:'m.' CI'~l' i t o~:' t'j::('.
s;: i'~. Oi ty 01' vJ.a:';ilOl~t ;'r~ 1.;.e:;",.:0Y ir:cevocr....;ly :.ac( i;€.l: i'OI" tileir
Pt:Yl':Z1.'j:~, : nc.. t:=.cn; 61"1..11 :'::6 levise. rnnur..l1y 'U)oa the t['xc~ole ~.:'rO)eI'jry
o~. E:~ L. city t:~:ile t:i.J.: .:.on(..... outE;tnnc.~.i:l~~ l'emt,in Ul1)~.iC., t tc:t sufficient
fibr till;;; .:.;t".y~(::nt 0::' tl'.t. :';l'incipFl .. j,1(: iInterest tiler. 0::. . t l:lf,J.;w:i ty:
[n{ ,
Bli: IT :?UR'],1HER R. :c:LV. . :, T::.c:'.t f. 6 e :)on LS sr.iC:. \:)O.Cl::.S shEll be
:JrinJ;:;eC::., JGhe s. .:.L0 shl: J.l 0E c.:uJ.y e::~ecu' e(. ~J Sr.i0. l~[,yor' n.. E:.ll:.:ic':. Oi ty
Cler:!;: int~ll. for;n cn( r.:l.enner he:':einr'i')ove set forth, t:'l: E:. io. bonc:.s
v,-h:::n E:O 6JC€CUtE.C S~lL~_l 'iJ~ f'or~'hr.-i th celi '~i'cre.:. to JGhf, wi ty (;oullcil
" t
::: 0:- ~r.1C.
':.eli'lTer./ dm cue COU1:se to t~lc :~ur-chflsers thereof.
ac..opteC:',"'oy the liity vounc:i.l 0:: t~le \.iity 0:: V)..:r..Ollt, tilis
31st.c.y of Jl.~,m,la.ry, i..:C lS25.
Pr.:..siC.en'f, . -Oity Council.
Recci ~e~'.. .. nl"
<-.::':;lDOV€i~'. !.) 1 tj,:c 1.J..~TOI' OJ,'l
~.:'.E.'.;
, .::y
.'.... 6~ ,.
t..;..4..I....
0::;'
~.;'.:l'l..lr"Xi, iJ.' :.,i. lC::;5.
W ~~~~~~~?'~6:t.
,-
~
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Thereupon, on motion duly made and seconded, the
1miiami the mee!ing adjourned to mee! again upon the call of
the President.
Apl-roveci
President, City Councrl
Attest:=7-..MJ-/J ~rA)
City' ler .