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R-73-202 EXTRACTS FROM THE MINUTES OF A REGULAR MEETING OF THE CITY COUNCIL OF CITY OF CLERMONT, FLORIDA HELD ON THE 13th DAY OF FEBRUARY , 1973 The CITY COUNCIL o f CITY OF CLERMONT, FLORIDA met in REGULAR meeting at COUNCIL CHAMBERS in the City of CLERMONT FLORIDA , at 7:30 o'clock P.M. on the 13th day of FEBRUARY 19 73 , the place, hour, and date duly established for the hold- ing of such meeting. The MAYOR called the meeting to order and on roll call the following answered present: CLAUDE E. SMOAK,JR. , DON E. SMITH CHARLES B. BEALS CARLISLE A. BYRD,JR. GEORGE SCHROEDEL and the following were absent: The MAYOR declared a quorum present. A Resolution entitled: • NUMBER 202 RESOLUTION PROVIDING FOR THE REFUNDING OF A PORTION OF THE OUTSTANDING WATER AND SEWER REVENUE BONDS OF THE CITY OF CLERMONT, FLORIDA, DATED NOVEMBER 1, 1970; PROVIDING FOR THE REDEMPTION ON MAY 1, 1985 OF SUCH OUTSTANDING BONDS MATURING IN THE YEARS 1985 TO 2003, INCLUSIVE; APPROVING THE FORM AND AUTHORIZING THE EXECUTION OF AN ESCROW DEPOSIT AGREEMENT AND APPOINTING ESCROWEE. • was introduced by Mr. BEALS Said Resolution was then read in full and discussed ^9 considered. 4110 Mr. BEALS then moved the adoption of the Resolution as introduced and read. Mr. BYRD seconded the motion, and, on roll call, the following voted "Aye ": SMOAK, SMITH, BEALS, BYRD AND SCHROEDEL and the following voted "Nay ": The MAYOR thereupon declared the motion carried and the Resolution adopted as introduced and read. * * * * * * * * * * There being no further business to come before the meeting, upon motion duly made and seconded, the meeting was adjourned. • -2- 4 10 RESOLUTION PROVIDING FOR THE REFUNDING OF A POR- TION OF THE OUTSTANDING WATER AND SEWER REVENUE BONDS OF THE CITY OF CLERMONT, FLORIDA, DATED NOVEMBER 1, 1970; PROVIDING FOR THE REDEMPTION ON MAY 1, 1985 OF SUCH OUTSTANDING BONDS MATUR- ING IN THE YEARS 1985 TO 2003, INCLUSIVE; AP- PROVING THE FORM AND AUTHORIZING THE EXECUTION OF AN ESCROW DEPOSIT AGREEMENT AND APPOINTING ESCROWEE. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CLERMONT, FLORIDA (hereinafter called "City ") that: SECTION 1. It is hereby found, ascertained and deter- mined that: A. The City has heretofore issued $1,700,000 Water and Sewer Revenue Bonds, dated November 1, 1970 for the purpose of ac- quiring and constructing new sewer facilities in the City of Clermont, Florida. B. $1,700,000 of such Water and Sewer Revenue Bonds, are at this time outstanding and unpaid, and such Bonds mature on November 1 in the years, in the principal amounts and bear interest payable on May 1 and November 1, in each year, at the respective rates per annum as follows: INTEREST INTEREST YEAR AMOUNT RATE YEAR AMOUNT RATE 1975 $ 5,000 6 1/2% 1990 $ 55,000 6 3/4% 1976 5,000 6 1/2% _ 1991 60,000 6 3/4% 1977 10,000 6 1/2% 1992 65,000 6 3/4% 1978 15,000 6 1/2% 1993 70,000 6 3/4% 1979 20,000 6 1/2% 1994 75,000 6 3/4% 1980 25,000 6 1/2% 1995 80,000 7 % 1981 30,000 6 1/2% 1996 85,000 7 % 1982 30,000 6 1/2% 1997 90,000 7 % 1983 30,000 6 1/2% 1998 95,000 7 % 1984 35,000 6 1/2% 1999 105,000 7 % 1985 40,000 6 3/4% 2000 110,000 7 % 1986 40,000 6 3/4% 2001 120,000 7 % 1987 45,000 6 3/4% 2002 125,000 7 % 1988 50,000 6 3/4% 2003 135,000 7 % 1989 50,000 6 3/4% • . C. The Water and Sewer Revenue Bonds maturing prior to November 1, 1985 are not subject to redemption prior to their stated dates of maturity. The Water and Sewer Revenue Bonds maturing on or subsequent to November 1, 1985 (hereinafter called "Outstanding Bonds ") are subject to redemption prior to their stated dates of ma- turity. The Outstanding Bonds maturing in the years 1985 to 2003, inclusive, may be redeemed prior to their stated dates of maturity, as a whole, on May 1, 1985 at the principal amount thereof plus a premium of three per centum (3/0) of the principal amount so redeemed plus the interest accrued thereon to May 1, 1985. D. The City has by ordinance adopted on December 12, 1972, as supplemented, authorized the issuance of not exceeding $1,540,000 Water and Sewer Revenue Refunding Bonds, Series 1972, dated November 1, 1972, (hereinafter called "Ordinance" and "1972 Bonds ", respectively) for the purpose of providing for the refund- ing of the Outstanding Bonds. E. The City has by such Ordinance determined that the Outstanding Bonds may be advantageously refunded with substantial benefit to the City in the saving of interest during the remaining term of such Outstanding Bonds by the issuance and sale of the 1972 Bonds in the manner and subject to the terms and conditions of the Ordinance. F. The ordinance, as supplemented, authorizing the is- suance of the Outstanding Bonds (hereinafter called "1970 Ordinance ") provides for notice of prior redemption of the Outstanding Bonds. G. The Ordinance sets forth the procedure whereby the re- quirements of the 1970 Ordinance relating to the payment or redemp- tion of the Outstanding Bonds may be met and fully complied with. H. The Ordinance requires the City to enter into an Escrow Deposit Agreement with an Escrowee prior to the delivery of the 1972 Bonds in order to insure the procedure required for paying -2- 4 1/ 1 or redeeming the Outstanding Bonds will be followed. SECTION 2. The Outstanding Bonds maturing in the years 1985 to 2003, inclusive, are hereby irrevocably called for redemp- tion, as a whole, prior to maturity as of May 1, 1985 at the prin- cipal amount thereof, together with accrued interest thereon to May 1, 1985, plus a premium of three per centum (3 %) of such principal amount. SECTION 3. The Notice of Redemption of all Outstanding Bonds maturing in the years 1985 to 2003, inclusive, shall be in substantially the following form: -3- '1 111 1 NOTICE OF REDEMPTION CITY OF CLERMONT, FLORIDA WATER AND SEWER REVENUE BONDS DATED NOVEMBER 1, 1970 NOTICE IS HEREBY GIVEN, that ALL of the outstanding Water and Sewer Revenue Bonds, dated November 1, 1970 of the City of Clermont, Florida, which mature in the years 1985 to 2003, inclusive, in the aggregate principal amount of $1,495,000.00, and are redeem- able on May 1, 1985 at the option of the City, as a whole, at the redemption price (consisting of the principal amount plus a premium of three per centum (3 %) of such principal amount), together with interest accrued thereon to the date fixed for redemption, will be redeemed on May 1, 1985. Payment of the principal amount of such bonds, plus the redemption premium of three per centum (3 %) of such principal amount, will be made on or after such redemption date of May 1, 1985, upon the presentation of such bonds, accompanied by all coupons maturing after such redemption date, at the Citizens National Bank of Orlando, Orlando, Florida. Registered bonds should be accompanied by duly executed assignments or transfer powers in blank. Interest on such bonds maturing on or prior to said redemption date will be paid in the usual manner. Interest on such bonds will cease to accrue from and after such redemption date. DATED this day of , 19 FLORIDA, AS ESCROWEE -4- SECTION 4. The Escrowee is hereby irrevocably instructed and directed not more than forty -five (45) days or less than thirty (30) days prior to such redemption date: A. To call for redemption the Outstanding Bonds matur- ing in the years 1985 to 2003, inclusive, by publishing at least once in the name of the City the aforesaid Notice of Redemption in a financial journal published in the Borough of Manhattan, City and State of New York. B. To file the aforesaid Notice of Redemption with the Paying Agent and to mail such Notice of Redemption, postage prepaid, to all registered owners of the Outstanding Bonds maturing in the years 1985 to 2003, inclusive, to be redeemed at their addresses as they appear on the registration books maintained for such purposes. SECTION 5. The Paying Agent of the Outstanding Bonds is hereby authorized and directed to pay all Outstanding Bonds upon the surrender thereof (with all unmatured coupons attached), and thereafter to deliver to the City all Outstanding Bonds so paid for disposition. SECTION 6. The Florida, is appointed to act as Escrowee under the Escrow Deposit Agreement (hereinabove referred to and hereinafter provided) as depository for the Retirement Fund heretofore created by the City. The Mayor of the City is hereby authorized and directed to execute and deliver on behalf of the City the Escrow Deposit Agreement, and the City Clerk or any other authorized officer thereof is directed and authorized to attest and countersign such Escrow Deposit Agree- ment under the Seal of the City. SECTION 7. This resolution shall take effect immediately upon its adoption. SECTION 8. The form of the Escrow Deposit Agreement shall be substantially as follows, with such modifications, insertions, -5- omissions and changes as may be approved by the Mayor and by the City Attorney. i - 6- • CERTIFICATE OF RECORDING OFFICER The undersigned HEREBY CERTIFIES that: 1. SHe is the duly appointed, qualified, and acting CLERK of the CITY COUNCIL (herein called the CITY OF CLERMONT ), and keeper of the records thereof, including the minutes of its proceedings; 2. The annexed copy of extracts from the minutes of the REGULAR meeting of the CITY COUNCIL " , held on the 13th day of FEBRUARY , 19 73, is a true, correct, and compared copy of the whole of the original minutes of said meeting on file and of record'insofar as the same relate to the resolution referred to in said extracts and to the other matters referred to therein; 3. Said meeting was duly convened in conformity with all applicable requirements; a proper quorum was present through- . out said meeting and the resolution hereinafter mentioned was duly proposed, considered, and adopted in conformity with appli- cable requirements; and all other requirements and proceedings incident to the proper adoption of said resolution have been duly fulfilled, carried out, and otherwise observed; 4. SHe is duly authorized to execute this Certificate; and 5. The copy of the resolution annexed hereto entitled: NUMBER 202 RESOLUTION PROVIDING FOR THE REFUNDING OF A PORTION OF THE OUTSTANDING WATER AND SEWER REVENUE BONDS OF THE CITY OF CLERMONT, FLORIDA, DATED NOVEMBER 1, 1970; PROVIDING FOR THE REDEMPTION ON MAY 1, 1985 OF SUCH OUTSTANDING BONDS MATURING IN THE YEARS 1985 TO 2003, INCLUSIVE; APPROVING THE FORM AND AUTHORIZING THE EXECUTION OF AN ESCROW DEPOSIT AGREEMENT AND APPOINTING ESCROWEE. is a true, correct, and compared copy of the original resolution referred to in said extracts and as finally adopted at said meet- ing and, to the extent required by law, as thereafter duly signed or approved by the proper officer or officers of the CITY OF CLERMONT CITY COUNCIL , which resolution is on file and of record. WITNESS my hand and the seal of the CITY this 13th day of FEBRUARY , 19 73. QA,Aa.0. CLIAAIL DOLORES W. CARROLL CITY CLERK • (SEAL) NO PRIOR PLEDGE OR LEGISLATION CERTIFICATE We, the"undersigned officers of the City of Clermont, Florida, hereinafter called the "Issuer", DO HEREBY CERTIFY that the net revenues derived from the operation of the Issuer's water and sewer system and the proceeds of its municipal excise taxes which are pledged to the principal of and interest on its $1,540,000 Water and Sewer Revenue Refunding Bond Series 1972, dated November 1, 1972, have not been pledged in whole or in part, directly or in- directly, for the benefit of any obligations previously issued by the Issuer other than for Issuer's outstanding Water and Sewer Rev- enue Bonds, dated November 1, 1970, which are secured by and pay- able from a prior lien upon and pledge of said net revenues and ex- cise taxes. We further certify that we have no knowledge of any legislation adopted by the 1972 Session of the Florida Legislature that restricts or otherwise adversely affects the Issuer's power to issue said obligations or its ability to pay the principal thereof and interest thereon in the manner provided in the Ord- inance authorizing their issuance. IN WITNESS WHEREOF, we have hereunto set our respective hands and impressed the official corporate seal of the Issuer, this 2nd day of March, 1973. Mayor (SEAL) City Clerk City Attorney CERTIFICATE OF DELIVERY AND PAYMENT I, the undersigned municipal officer of the City of Clermont, Florida, DO HEREBY CERTIFY that, . . . AMERICAN APPRAISAL SECURITEIS STONE & YOUNGBERG MUNICIPAL FINANCING Consultants, Inc.) the purchaser thereof, said obligations described as follows: $1,540,000 principal amount of Water and Sewer Revenue Refunding Bonds, Series 1972, of the City of Cl~rmont, Florida, dated as of November 1, 1972, numbered consecutively from one upward, . in the denomination of $5,000 each, bearing. interest at the rate of six per.centum (6%) per annum, payable semi-annually on May 1 and November 1 of each year, and maturing serially in nu~erical order on November 1 in the years and amounts as ,follows: YEAR AMOUNT 1985 $50,000 1986 50,000 1987 55,000 1988 60,000 1989 60,000 1990 ,65,000 1991 70,000 1992 75,000 1993 80,000 YEAR 1994 1995 1996 1997 1998 1999 2000 2001 2002 AMOUNT $ 85,000 90,000 95,000 100,000 105,000 115,000 120,000 120,000 135,000 Interest coupons were annexed to said obligations for interest maturing semi-annually on May 1 and November 1 of each year, beginn'ing' May 1, 1973. At the time of delivery of said obligations, I received from said purchaser full payment therefor, in accordance with the contract of sale, computed as follows: principal Accrued Interest Total Purchase Price $ 1,540,000.00 31,056.61 $ 1,571,056.67 IN WITNESS WHEREOF, I have hereunto set my hand and im- presed the official corporate seal of said municipality, this 2nd day of March, 1973. , . City Clerk, City of Clermont, Florida CERTIFICATE AS TO VALIDATION STATEMENT I Don E Smith Mayor of the City of Clermont, Florida, DO HEREBY CERTIFY, that each of the $1,540,000 Water and Sewer Revenue Refunding Bonds, Series 1972, dated November I, 1972, of the denomination of $5,000 each, numbered consecutively from one upward, bears the following statement which. is signed by my facsimile signature. This bond is one of a series of bonds which were validated and confirmed by judgment of the Circuit Court for Lake County, Florida, rendered on January 9th, 1973. Mayor IN WITNESS WHEREOF, I have hereunto set my hand and af- fixed the seal of said City, this 2nd day of March, 1973. Mayor, city of Clermont, Florida SIGNATURE AND NO LITIGATION CERTIFICATE We, the 'undersigned municipal officers of the City of Clermont, Florida, DO HEREBY CERTIFY .that on March , 1973, the undersigned Mayor did officially sign said obligations described as follows: $1,540,000 principal amount of Water and Sewer Revenue Refunding Bonds, Series 1972, of the City of Clermont, Florida, dated as of November 1, 1972, numbered consecutively from'one upward~ in the denomination of $5,000 each, bearing interest at the rate of six per cen- tum (6%) per annum, payable semi-annually on May 1 and November lof each year, and matur- ing serially in numerical order on November 1 in the years and amounts as follows: YEAR AMOUNT YEAR AMOUNT 1985 $50,000 1994 $ 85,000 1986 50,000 1995 90,000 1987 55,000 1996 95,000 1988 60,000 1997 100,000 1989 60,000 1998 105,000 1990. 65,000 1999 115.,000 1991 70,000 2000 120,000 1992 75,000 2001 120,000 1993 80,000 2002 135,000 'which bear thereon the facsimile signature of the undersigned City Clerk, being at the date of such signing and on this. date the duly chosen, qualified and acting officers of said municipality, as in- dicated by the official titles opposite our signatures hereunder, duly authorized to execute said obligations. . , We further certify .that no litigation of any nature is now pending or threatened '(either in State or Federal Courts) re- straining or enjoining the issuance, execution or delivery of said obligations or the collection of. the revenues pledged to pay the principal of and interest on said obligations or in any manner questioning the proceedings or authority under which said obliga- tions are issued or affecting the validity thereof or of.any pro- visions made or authorized for their payment or affecting the cor- porate existence of said municipality or the title of its present officers or any of them to their respective offices and that none of the'proceedings or authority for the issuance of said obligations has been repealed, revoked or rescinded. . We further certify that the interest coupons which are . attached to said obligations are properly executed by our facsimile . signatures thereon, which facsimile signatures we do hereby adopt. We further certify that our manual signatures have been filed. with the Secretary of State of the State of Florida pursuant to the provisions of Section 116.34, Florida Statutes. We further certify that the seal which has been impressed, imprinted, lithographed or engraved upon all of said obligations and impressed upon this certificate is the legally adopted, . proper and only official corporate seal of said municipality: and the municipality does hereby adopt the expression (SEAL) as its official corporate seal appearing on said coupons. WITNESS our hands and said official corporate seal this 2nd day of March, 1973. Name Official Title Mayor, city of Clermont, Florida city Clerk, City of Clermonc, Florida I HEREBY CERTIFY that the foregoing signatures are true and genuine and that I know said officers and know them to hold the respective offices set opposite their signatures. THE EXCHANGE BANK OF CLERMONT By By Officer -2- CONFIRMATION AMERICAN APPRAISAL SECURITIES [STONE & YOUNGBERG ] MUNICIPAL FINANCING CONSULTANTS. INC. 3-2-73 965 HARTFORD BUilDING POST OFFICE BOX 2145 ORLANDO, FlORIDA 32801 PHONE: (305) 841-8270 TRANSACTION DATE 11/06/1972 I SETTlEMENT DATE 03/02/1973 TO: City of Clermont, Florida Principal we BUY from you Principal we SEll to you folIowing described securities: PRINCIPAL COUPON SECURITY MATURITY SECURITY DESCRIPTION YIELD EXTENSION PAR VALUE RATE NOS. DATE OR PRICE $1,540,000 6.00 11-1-85 thru $1,540,000 City of Clermont, 100.00 $1,540,000.( 11-1-02 '" PRINCIPAL DOLLAR AMOUNT .. SI,540,000.0 ACCRUED INTEREST ll-l ,19 72 to 3-2- ,1973 31,056.6 DELIVERY INSTRUCTIONS D TOTAL AMOUNT DUE US GQl: TOTAL AMOUNT DUE YOU r;.l,571,056.6 o IF Unless the bond to wMch this coupon called for prior redemption and pr the CITY OF will pay to the bearer at THE MalUand, Slate of Florida, fr which this coupon Is attached, the United States of America being six months' Interest ! WATER AND SE ATTESTED AND COUNTER E. LQ~ '1;. c.-!lCity Clerk No. 18 IF IF Unless the bond to wMch this coupoo is attached called for prior redemption and provisions duly the CITY OF CLERMO will pay to the bearer at THE FIRST T II MalUand, Slate of Florida, from Ja which this coupon Is attached I the United States of America being six months' Interest ~ WATER AND SE (SEAU ATTESTED AND COUNTER E. LQ~ '1;. c.-!lclty Clerk IF Unless the bond to which this coupon Is attached called for prior redemption and provisions duly . the CITY OF CLERM ~1~lu~,tos~ b~"fI;rld1~Efr~~R~e~~ which this coupon Is attached, ~rngU~I~~~~lnr.~erlca -: .r;p~ WATER AND SE t (SEAU ATTESTED AND COUNTER E, LQ~ '1;. c.-!lclty Clerk l]; IF Unless the bond to which this coupon is attached called for prior redemption and . . the CITY 0 will pay to the bearer at THE FI Maitland, Stall! of Florida, from which this coupon Is attached, the United Slatos of America being six months' interest WATER AND SE (SEAU ATTESTED AND COUNTERS E. LQ~ '1;. t-,/lclty Clerk ON NOV. 1, 1977 150.00 1.7Z sf3 Unless the bond to which this cou.pon Is attached called for prior redemption and provisions the CITY OF CLERM will pay to the bearer at THE FI RST T MalUand, Slate of Florida, fr which this coopon Is attached, the United States of America being six morrths'" Interest ~ WATER AND SE (SEAL) . ATTESTED AND COUNTER E, LQ~ '1;. t-,/lclty Clerk Unless the bond to which this coupon is attached called for prior redemption aoo provisions duly the CITY OF ClERMO will pay to the bearer at THE FIRST MalUand, State of Florida, from which this coupon Is attached ' the United Slatos of America bell1ll six months' Interest! WATER AND SE (SEAU ATTESTED AND COUNTER E. LQ~ '1;. c.-!lclty Clerk IF Unless t.he bond to which this coupon Is attached Is callable and has been duly . ON NOV 1 called for prior redemption and provisions dtJf ~e for the p~ment thereof, . , will pay to the bearer ~~ ~~r F?~s~i~~~~~~&~~i~~Of 1973 .~t',I~an~~,_ S~~__~ ,~I~~I.~~.Jro"l.~~I~~1~,b,~Ji!.'!f..~~~1 ~n no !IF Unless the bond to which this coupon is attached called for prior redemption and provisions the CITY OF ClERM ~1~ltl~,tos~e b~\\r"fI;rld1~Efr~R5T ~T which this coopon Is attached, the United States of America being six months' interest WATER AND SEW (SEAU ATTESTED AND COUNTERSI : LQ~ '1;. ~CltYClerk IF Unless the bond to which this coupon is attached called for prior redemption and provision the CITY will pay to the bearer at THE MalUand, Slate of Florida, fr which this coupon Is attached, the United States of America being six months' Interest then WATER AND SEWE (SEAL) ATTESTED AND COUNTERSIG : LQ~ '/J. c.-!lCity Clerk Unless the bond to which this coupon Is attached called for prior redemption and provisions dul the CITY OF CLERMO will pay to the bearer at THE FI RST T Maitland, Slate of Florida, from which tills coupon Is attached, the United States of America being six mORths' Inte-rest then WATER AND SEWE (SEAL) ATTESTED AND COUNTERSIG : i\:; LQaA-.J '1;. c.-!lCity Clerk 1, No. 13 1, IF Unless the bond to which this coupon called for prior redemption and the CITY 0 will pay to the bearer at THE FI Maitland, State of Florida, from which this coupon Is attached, the United States of America bel ng 51 x months' I nterest then WATER AND SEWE (SEAU ATTESTED AND COUNTERSIG : LQaA-.J '1;. t-,/lclty Clerk IF Unless the bond to which this coupon Is attached called for prior redemption and provlsi the CITY OF Cl will pay to the bearer at THE FI RST Maitland, Slate of Florida, fr which this coupon Is attached, the United Stat.s of America being six months' Interest then WATER AND SEWE (SEAU \ ATTESTED AND COUNTERSIG : LQaA-.J 1;. ~Clty Clerk 1, 1, IF Unless the bond to which this cou.pon Is attached is callable and has been duly called for prior redemption and provisions dul the CITY OF CLERMO will pay to the bearer at THE FIRST T Maitland, Slate of Florida, fr which this coupon Is attached, the United Slatos of America being six months' Interest then WATER AND SEWE (SEAU ATTESTED AND COUNTERSIG : . LQ~ '1;. c.-!lclty Clerk 1, If ~:III~s~: ~i~r tr~~~~~~hl:nJO~~~is\~n~t~lhyed m~ecal~b'thean:ay'::n~e~~~ the CITY OF ClERMO A.6\ will pay to the bearer at THE FIRST ,~I:(Q;@I of Maitland, Slate of Florida, fr which this coopon Is attached, the United Statos of America being six months' Interest then WATER AND SEWE (SEAL) ATTESTED AND COUNTERSIG : LQ~ '1;. c.-!lclty Clerk 1, IF Unless the bond to which this coupon Is attached called for prior redemption and provlsl the CITY OF ClE will pay to the bearer at THE FI R Maitland, Slate of Florida, from which this coupon Is attached, the United States of America u being six months' Interest then dOe WATER AND SEWE (SEAL) ATTESTED AND COUNTERSIG : LQ~ '1;, c.-!lCilY Clerk 1, Unless the bond to which this coupon Is attached Is callable and has been duly ON MAY 1 called for prior redemption and provisions dU~mad. e for the payment thereof, , the CITY OF ClERMO l1IOridli},..A. will pay to the bearer at THE FI RST r-lATl-;O,. "ANI\...o~A D)ty of 1973 Maitland, Slate of Florida, from ~J~~< d(~~~~h~t" 'QM~.~'L.---150 00 whIch this CDlJDOn Is attached. lhe{(MitAAi fSbOwn:'lhefeon~n~r ..sotl~. '~..Q;;-~ rr U.less the bond to which this coupon is attached called for prior redemption and provisions dul the CITY OF CLERM will pay to the bearer at THE FIRST T Maitland, State of Florida, fr which this coupon Is attached, the United States of America being six months' Interest then WATER AND SE! (SEAL> ATTESTED AND COUNTER E. LQ~ '1;. t-llClly Clerk rr Unless the bond to which this coupon is aUached called for prior redemption and prOVisions duly the CITY OF CLERMO will pay to the bearer at THE FI RST T Maitland, Slale of Florida, fr whl ch this coupon Is attached, tb...United States of America . ( Unl~lx months' interest then . called \ WATER AND SE~ will I"ED AND CDUNTER~E . ~~ '1;. t-llCity Clerk rr Unless the bond to which this coupon Is attached called for prior redemption and provisions the CITY OF CLERM ~~lltI~, tos~ b:,efl:rldl~Efr~ RSTr~ which thlJ coupon Is attached ' the United Stalos of America being six months' Interest then WATER AND SE (SEAL> ATTESTED AND COUNTER E LQ~ '1;. t-llcitYClerk rr Unless the bond to which this coupon Is attached called for prior redemption and provisions the CITY OF CLERM will pay ta the bearer at THE FI RST Maitland, Stale of Florida, from which this coupon Is attached, the United States of America being six months' Interest then WATER AND SE!~ (SEAL> ATTESTED AND COUNTER E LQ~ '1;. t-llCitY Clerk ~ rr Unless the bond to which this coupon called for prior redemption and the CITY will pay to the bearer at TH E Maitland, State of Florida, fr which this coupon Is attached, the United Stalos of America being six months' Interest then WATER AND SES (SEAL> ATTESTED AND COUNTER E LQ~ '1;. t-llCitY Clerk Unless the bond to which this coupon is attached called for prior redemption and provisions the CITY OF CLER will pay to the bearer at THE FIRST tJlAT Maitland, State of Florida, fronP eJlSl which this coupon Is attached, the United States af America bel ng sl x months' I nterest then WATER AND SES (SEAL> ATTESTED AND COUNTER E LQ~ '1;. t-llCitY Clerk tr Unless the bond to which this coupon is attached called for prior redemption and provisions I the CITY OF CLERM will pay to the bearer at THE FI RST Maitland, State of Florida, from which this COUPOn Is attached, the United States of Amerl ca u being six months' Interest then - WATER AND SE (SEAL> ATTESTED AND COUNTER LQ~ '1;. t-llcltYClerk Unless the bond to which this coupon is attached Is callable and has been duly ON NOV 1 called for prior redemption and provisions dm ~. .e for the. Wp.m m~eL t t.I thereof, . , the CITY OF CLERMON1ttdmd~4::\':/A~ 1991 ~~L,~~ tDt"!-!,~e_ b~e!I~_\A!HE~_~ R~I_ ~~~vJ~~M~~~~~,?A.~t:r~~~ ~__l iil rr ON MAY 1, 1999 ~ 50.00 ~ 1) l!l (SEAL) ATTESTED AND CDUNTERSI : LQ~ '1;. t-llCitY Clerk ~ rr 1, ~. rr 1, (SEAL> ATTESTED AND COUNTERS I : LQ~ '1;. t-llCitY Clerk rr (SEAL) ATTESTED AND COUNTERSI : m~ '1;. t-llcltYClerk 1, (SEAL) ".. ATTESTED AND 'COUNTERSIG : LQ~ '1;. ~CitY Clerk Unless the bond to which this coupon is attached called for prior redemption and provisions du the CITY OF CLERMO will pay to the bearer at TH E FI RST Maitland, State of Florida, from which this coupon Is attached the United States of America being six months' Interest then WATER AND SEWE (SEAL> ATTESTED AND COUNTERSIG : LQ~ '1;. t-llCitY Clerk 1, 1, (SEAL) ATTESTED AND COUNTERSIG -;;e LQ~ '1;. t-llCitY Clerk rr ~~II~ t~ ~I~r tr':<;~;~~~..;hJ:.Jo=lsll~n~t~a~red m~e'an~blth.an~~~nteetRer~~ the CITY OF CLERMO idi A ~ will pay to the bearer at THE FI RST /!oT ~l\'lA"l:TU\NDtQit Maitland, State of Florida, from In~ ." which this coupon is attached, t the United States of America ......- being six months' Interest then WATER AND SEWE (SEAL> ATTESTED AND COUNTERSIG : LQ~ '1;. t-llCitY Clerk 1, I .1 Unless the bond to which this cou.pon Is attached is callable and has been duly ON MAY 1 called for prior redemption and provisions duly m~e for the payment thereof, , the CITY OF CLERMONJ."Jjl~idii~~ 1991 ~I~,I~I~~ tOt"!-!,~e_ b~e~I~_t!HE~u~ R~L. ~tvJf-~~~~~2L:((.~J~~~l~~-C) ,. -- - --_._~-~_._- iiI Unless the bond to which this coupon is attached called for prior redemption and provisions duly the CITY will pay to the bearer at TH E Maitland, State of Florida, f which this coupon Is attached the United States of America being six months' Interest t WATER AND SE (SEAL) ATTESTED AND COUNTER E. LQ~ '1;. tuJlcltYClerk Unless the bond to which this coupon is attached called for prior redemption and provisions the CITY DF CLERM will pay to the bearer at THE FI RST T Maitland, State of Florida, from ~s which this coupon Is attached . " tb~...unlted States of America (.unlesS~iX months' interest called \ WATER AND SE will ~ED AND COUNTER E, \: Maltl' Y. ^ AJ l.\l~ 1<1. ~City Clerk IF l:1: IF Unless the bond to which this coupon called for prior redemption and the CITY will pay to the bearer at THE Maitland, State of Florida, fr which this coupon Is attached, the United States of America being six months' Interest WATER AND SE (SEAU ATTESTED AND COUNTER E. LQ~ '1;. tuJlCltY Clerk IF Unless the bond to which this COUPOll Is attached called for prior redemption and provisions the CITY OF CLER will pay to the bearer at THE FIRST Maitland, State of Florida, from which this coupon Is attached, the United States of America being six months' Interest ~ WATER AND SE (SEAU ll' ATTESTED AND COUNTER E. LQ~ '1;. tuJlCltY Clerk IF Unless the bond to which this CouPOll Is attached called for prior redemption and provisions duly the CITY OF CLERMO ~~ltI~~,tos~:e bgr"fl;r\d~~Efr~fJST ~T . which this coupon Is attached, " the United States of America being six months' Interest ~ WATER AND SE (SEAU ATTESTED AND COUNTER E. LQ~ '1;. tuJlCity Clerk l:1: I IF Unless the bond to whl ch this COUPOll called for prior ,redem:~"8I~yd will pay to the bearer at THE Maitland, State of Florida, fr which this coupon Is attached, the United States of America ,being six months' interest 3 . WATER AND SE (SEAU ATTESTED AND COUNTERS E, LQ~ '1;. tuJlCltY Clerk IF Unless the bond to which this coupon Is attached Is callable and has been duly ON NOV 1 called for prior redemption and provisions d~l mAde for the~me t thereof, . , the CITY OF CLERMO f,lOr~ 0- ~':::@ 1982 'f.,~ltI~ to<~e. b~~I;"\d;HEf,~R~.~~I~ ~~~~~~~~~'il ~ _ __ -- --- --~---~--- ~ '- ---------------. ~" IF (SEAL) ATTESTED AND COUNTERSI 0: LQ~ '1;. tuJlCitY Clerk 1, IF (SEAU ATTESTED AND COUNTERSI : LQ~ '1;. tuJlCltY Clerk IF (SEAL) ATTESTED AND COUNTERSI : LQ~ '1;. tuJlCitY Clerk Unless the bond to which this cou.pon Is attached called for prior redemption and provisions dul the CITY OF CLERMO will pay to the bearer at THE FIRST Maitland, State of Florida, from which this coupon Is attached, the United States of America being six months' Interest WATER AND SEW (SEAU ATTESTED AND COUNTERSIG : LQ~ '1;. tuJlCltY Clerk I, (SEAU ...... ATTESTED AND'COUNTERSIG : LQ~ '1;. ~CltYClerk IF I, (SEAU ATTESTED AND COUNTERSIG : LQ~ '1;. tuJlCitY Clerk Unless the bond to which this coupon is attached called for prior redemption and provisions dul the CITY OF CLERMO will pay to the bearer at THE FIR Maitland, State of Florida, from which this coupon Is attached, the United States of America being six mon.ths' Interest then WATER AND SEWE (SEAU ATTESTED AND COUNTERSIG : LQ~ '1;. tuJlCitY Clerk IF Unless the bond to which this coupon is attached called for prior redemption and . . the CITY will pay to the bearer at THE F Maitland, State of Florida, fr which this coupon Is attached the United States of America being six mon.ths' Interest then WATER AND SEWE (SEAU ATTESTED AND COUNTERSIG : LQ~ '1;. tuJlCltY Clerk [IF Unless the bond to which this coupon Is attached Is callable and has been duly ON MAY I, called for prior redemption and provisions dU~made for the payment thereof, the CITY OF CLERMO FlOr~~ ~ ~ 1982 will pay to the bearer at THE FI RST NATWNPi ~ANK:..OfZ;; M'Q~I~)l,~)C-.pf . Maitland. State of Florida. from theJSllel:IakifiinJls:':ile5a ~ln?tfUi"liOmI;)to'i1___ __ __ l> I~I '1.,~ IN v ~~~~~~~ - I w.~ IV. ~CilYClerk V~"l:"~Mayor No. 44 Unless the bond to which this coupon is attached called for prior redemption and provisions the CITY OF CLERM will pay 10 Ihe bearer al THE FIRST TJ Maitland, Slale of Florida, from which Ihls coupon Is altached, the United States of America being six months' Interest then WATER AND SE~ (SEAL) ATTESTED AND COUNTER E w.~ 1;. ~CIIYClerk Ii" Unless the bond to which Ihls coupon is attached called for prior redemption and provisions du the CITY OF CLERMO will pay to the bearer at THE Maitland, State of Florida, fr which this cOtlpon Is attached, the United States of America being six months' Interest then WATER AND SES (SEAU l!! ATTESTED AND COUNTER w.~ 1J. ~CltY Clerk -1 w.~ 1J. tuJLcilYClerk- ~M:or~No. 43 1, rr U-nless the bond to which this coupon is attached called for prior redemption and provisions duly the CITY OF CLERMO will pay to the bearer at THE FIRST Maitland, State of Florida, fr which this coupon 15 att.athed, the United Stales of America being six monthsJ Interest then WATER AND SEWE (SEAL) ATTESTED AND COUNTERSIG : LQ~ 1J. ~City Clerk 1, ~ IF Unless the bond to which this coupon is attached called for prior redemption and provisions the CITY OF CLERM will pay to the bearer at TH E FI RST Tl Maitland, State of Florida, from which Ihls coupon is altached, the United States of America being six months' Interest then WATER AND SEWE (SEAL) ATTESTED AND COUNTERSIG : ~. LQ~ 1;. ~CitY Clerk 1, No. 57 ~" (SEAL) ATTESTED AND CDUNTERSIG : LQ~ 1J. ~Clty Clerk .~.. o ~, ,.~ ' " ":"/ -." ~' - _f - "'" T--- ", N2 r ~ UNITED STATES OF AMERICi\ STATE OF FLORIDA COUNTY OF LAKE CITY OF CLERMONT WATER AND SEWER REVENUE REFUNDING BOND, SERIES KNOW All MEN BY THESE PRESENTS, that the City of Clermont, Florida (hereinafter referred to as "City"), for value received, hereby promises to pay to the bearer,. or if this bond be registered, to the regis- tered holder as herein provided, on the FIRST DAY OF NOVEM~ER, '-: solely from the special funds hereinafter mentioned, the principal sum of FIVE THOUSAND DOLLARS -and to pay interest thereon from the date of this bond until payment of such sum at the rate of six per centum (6%) per annum, payable semi-annually on the first day of May and the first tute a lien only on the net revenues derived from the opera- day of November of each year upon the presentation and tion of the system and on the excise taxes, in the manner surrender of the annexed coupons as they severally fall due. provided in the Ordinance. Both principal of and interest on this bond are payable at The City in the Ordinance has covenanted and agreed The First National Bank of Maitl'and, Maitland, Florida, in with the holders of the bonds of this issue that it will fix, lawful money of the United States of America. est~bli!!h, revise from time to time whenever necessary, This bond is one of an authorized issue of bonds, in the maintain and collect always such fees, rates" rentals and aggregate principal amount of One Million Five Hundred o~~,:r charges for the US!! of the produ~t, services and fa- Forty Thousand Dollars ($1,540,000) of like date, tenor and cllltles .of the syst!"m WhiCh, together With the procee?!! of effect, except as to number and date of maturity, issued to the excise taxes, Will always produce cash revenues suffiCient finance the cost of refunding a portion of certain outstand- to pay, and out of such .funds pay, ,,!S the same shall become ing Water and Sewer Revenue Bonds of the City, dated due, all cost of oper!'tlon and maintenance of the system, November I, 1970 under the authority of and In full com- the. prl.nclpal of and Interest on the bon,ds and on all other pliance with the Constitution and Statutes of the State of obligations payable on a parity th!!rewlth, and. all reserve Florida, including icularly , l nd other p provided for ch Ordinance, and Florida, (Special A 1967, as pi such r ent,,!ls or es shall not be and other applicabl utes an Iy d s Ie u~te revenu~s by the City on t day of (he ch he Into. c'!rta'n called "Ordina IS su the ter r c ho of thiS Issue conditions of """ce. fere e Ordinance. This bond "'';'ns a anc ,enanted and bl I ,,,,.... f t Issue to levy a e so ely xes ot exceeding of the. net ed ent necessary operation of all principal of proceeds of his onds payable on the pur:c to sinking fund porate limit ded nce and that 167.431, Flo t d 156, enacted' ax uce so as of the cigarett e f rposes. . , ordinance ena d ts, conditions upon each and ev !It, be performed consumption handlin 'ss d exist, have Ith' th ;, . p lar and due ~f S'~ctio~ ~ lib h Conh!!tit!-'tion franchise ta at t IS Issue from Octobe e or statutory suant to an ber 22, 1970 thirty (30) Y suant to an 1959 (all 0 bl collectively refe h e from investments e f~o~~:~s~n tY:: ~: rued inter e or~ede s a premium of ~ir:;:,d t~e t::P8~~iinance~ ~:~~~nnc~e9s made to the Ordi- three per centum %) of the par value thereof if called f ' . th I i on November I, 1982 or on May I, 1983, and reducinli1 by nance or the proVISions, among 0 ers re at ng to terms, one quarter of one per centum (~%) on each annual prlnci- priority of lien and security of the bonds, the custody and pal payment date thereafter. application of the proceeds of the bonds, the rights and N t' f h d t' h II b . I th remedies of the holders thereof, and the rights. duties and 0 Ice 0 suc re emp Ion S a e given n e manner obligations of the City. This bond does not constitute an in- required by the aforesaid Ordinance, debtedness of the City within the meaning of any constitu- This bond may be registered as to principal only in ac- cordance with the provisions endorsed he'reon. tional or statutory provision or limitation. IN WITNESS WHEREOF, the City of Clermont, Florida, has It is expressly agreed by the holder of this bond that issued this bond and has caused the same to be executed such holder shall never have the right to requi re o.r compel by its Mayor and attested and countersigned by its City the levy of ad valorem taxes for the payment of the princl- Cle'rk. either manually or with their facsimile signatures, pal of and interest on this bond or for the making of an)' and the corporate seal of said City or a facsimile thereof sinking fund or other payment provided for in the Ordl- to be affixed, impressed, imprinted, lithographed or re- nance. This bond and the indebtedness evidenced thereby produced hereon and the Interest coupons hereto attached shall not constitute a lien upon the system, or any part to be executed with the facsimile signatures of such officers, thereof, or on any property of or in the City but shall consti- all as of the first day of November, 1972. ~\\,,\Il1ll"""l ~",,~ \ ~ C l }."""- ~:\ ........... c,p ~ l~....~"PO':;...f~ i~!~ ~~.~~ :::- C':"..4E s*: 1916 :*S S.....\ .: 5 ~~.... . .... ~f ~ 'I'" ...... ....... ~'~ ATI~N~i~ CITY OF CLERMONT, FLORIDA City Clerk - - - -- . -. --. _. - __U.'.' . .J...".....-..C>O.......o"" 0.. o...........a"tao'-'.......~.,.,..rf....-"...... - ~"'O c -,- -......~~ -,. ~ :'.':,' "'... ...._-:;r)ooc.><,...-'<:>..uaQa.J()QO,)~..'" a,) _t",OJ ......"..... ..J")IJ:.;~uu""'o:3o -:'~3-:;~~ :50":- ''''J.O J::l'.VOlJ,oe - ..JQ-,.Ja:...~.."oo.J_"" uouu..ao ::J:;JU.:;l~~"Z..... ...............O.u...O-.....'O .'~"nO;,)'ollu oOOOUC .) oo.aoa.. .1 0.;:)0000 ,:u,)<<>.U:'>~'I! <?::':? n -A...I\ \11.. 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(3 cnL&.!:: U I-::;)cn ILl ..J ~~ e:O ~ ~(f) ~Z\ !;( ::;) III Z Z U Q :5 .::E 02 ..... 0 Q. ::> ~ ,",- ~ LIJ LIJ :c 0:: I- VALIDATION CERTIFICATE This bond is one of a series of bonds which were validated and confirmed Circuit Court for Lake County, Florida, rendered on by judgment of the January 9, 1973, ~~~ Mayor ~"' ~ t ~ j s:; J ~ -I i ~ f ~ ! J~ :~ I - .~ U o ~ i~i oS ~irr~~i.!~51f~8'~~!~ol! !! ~!t-~.e~G'6_"o ~~G.5-8 'E~ I~ ~ ~n~' eE ""c J1 -J co Cll'C--s,... -Cc O'loiii_:::J"CD ~ aol)~1:"'C::l c~8'E'i 10'- ::J~ .. II; B 00 b~.5 .E ~!~~:~EE~:~~.5~.-4_~.5~'21 8. ~-~.~~:;i ~.eooK ba iA' j i~ ;. ~ t! i3~ g~~ 'g '5.ti:a~p:i-';Bi:i. 85--:~ EL~I ~~ ::J ~g lD~~:g-51J -5 ~:;s1 0 (3 i:' e" ?~ J! " 'O::J.. -2;01: : ~~OO~~:lCll ~.;t)o~t~.c:~Q. = ";-E~~ _ -!-~:: ~:. 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G 0 CLI1jU lD 0... 0 u ,g 1::' ~:o~ ~ :::E~ 8g...g t:~t:~~'~::ii~~~&~~~.s~-;~tio~':~'~t:i .,c~~:;:~gF~1:;;.;t:;;:t:~~~~f~.5";&NC)";8 _be;" e;:l C llI:a:52:!E~- ._~~""t:,,ca~:5; ~ =l.~>;:5~~cu -11';:8" ...~ 'C:o U CII~ '" -5 "0 2:uit a t:8 E 0 ~ i~,g g.~s~~ a~ id:,s 8E~t; .! ~~i 20'S Xe e .2= a:a.a .5 R. :60 ~ ~ 8 ~ = 5 i lil C 1l~ ..~=. ~ goll ~~€ ;! ti~ ~,,~ " . ti:i !l.~ ~... ~fi I as~ J ~I~ ~, ~e~tl J-o ~S~; ~R ~~h'l..z t]1.& ~ ~ds ~ e~~= CJ ~'O:2"i "l>"''Z :g:a C'i: C;=;E'g >ll" is'::'Z ~St!= ~ 0"'''- o G~ e ' . ...a~; ;:~A'M o 8'1l]1 C1';;:J.8 ~~';5 150 ..a i!:5~ G .!!o-a~ u>,oo 1I8ii:5 ~B~1O ~-ao5: "e 58is ~~oS o'fib E.l!~ ~ INCUMBENCY CERTIFICATE I, Dolores W. Carroll, the undersigned Clerk of the City of Clermont, Florida, DO HEREBY CERTIFY as follows: 1. The names of the members of the City Council of said municipality and the dates of commencement and expiration of their respective terms of office are as follows: Members Term Began Term Ends Charit:essB. Beals Jan. 1973 Jan. 1975 Carlisle A. Byrd,Jr. Jan. 1973 Jan. 1975 George Schroedel Jan. 1972 Jan. 1974 Claude E. Smoak,Jr. Jan. 1972 Jan. 1974 2. Don E. Smith , the duly elected Mayor of said municipality, began his term. of office on January , 1973 for a period of 2 years. 3. All of the above persons have duly filed their oaths of office and such of them as are required by law to file bonds or undertakings have duly filed such bonds or undertakings in the amount and manner required by law. 4. I was duly appointed as said City Clerk on January 1968 to serve indefinitely. I have filed my oath of office and my official bond in the amount and manner required.by law. IN WITNESS WHEREOF, I have hereunto set my hand and im- pressed the official corporate seal of said municipality, this 2nd day of March, 1973. City Clerk, city of Clermont, Florida CERTIFICATE FOR COMPLIANCE WITH UNIFORM FACSIMILE SIGNATURES OF PUBLIC OFFICIALS ACT I, Don E Smith, Mayor of the City of Clermont, Florida, do hereby file with the Secretary of State of the State of Florida, my official signature for the purpose of complying with Section 116.34, Florida Statutes, and do here- by certify that the below signature is true and correct and manually subscribed by me. Sworn to and subscribed before me this 2n day of March, 1973. Notary Public My Commission Expires: . . CERTIFICATE FOR COMPLIANCE WITH UNIFORM FACSIMILE SIGNATURES OF PUBLIC OFFICIALS ACT I, Dolores w. carroll, City Clerk of the City of Clermont, Florida, do hereby file with the Secretary of State of the State of Florida, my official signature for the purpose of complying with Section 116.34, Florida Statutes, and do here- by certify that the below signature is true and correct and manually subscribed by me. Sworn to and subscribed before me this 2nd day of March, 1973.