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CITY COMMISSION, SANFORD, FLORIDA,__ JU- 17--p, 1:00 P M -19 41
The City Commission of the City of Sanford, Florida, met in adjourned regular
session at theCity Hall in the City of Sanford at l:oo o'clock P.M.July 2, 1941.
Present: Commissioner W.C.Hill, Mayor.
" H.James Gut
" Edwa d Hi gins
" M.J. odg
" G.E.Rollins
City Attorney Fred R.Wilson
City Clerk H N Sayer
Meeting called to order by the Chairman.
Commissioner Higgins next introduced Resolution No. 607 and after being read in
full by the Clerk moved its passage and adoption.
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Seconded by Commissioner Rollins and. carried by the following vote of the Commission:
Commissioner Hill
Aye
" Gut
Aye
" Higgins
Aye
" Lodge
Aye
" Rollins
Aye
said Resolution,No. 607 being in words and figures as follows:
RESOLUTION NO. 607.
A RESOLUTION AUTHORIZING THE PURCHASE 3Y THE CITY OF SANFORD, FLORIDA OF
CERTAIN REAL PROPERTY FROM RAPLH B. CHAPMAN, TO BE USED AS A PART OF THE AIRPORT OR
LANDING FIELD BEING ESTABLISHED BY THE CITY OF S,tN FORD, AND TO PROVIDE FOR THE PP,64ENT
THEREFOR.
WHEREAS, the following described lot, piece or parcel of land, situate in Seminole
County, Florida is contiguous to the airport or landing field now being established by the
City of Sanford, Florida, to -wit:
The West 660 feet of the northwest quarter ( NWI) of the northeast quarter
(NE4 -) of Section Five (5) , Township Twenty (201 South , Range Thirty -one
(31) East, less the East 93 feet of�the South 572 feet of said. West 660 feet
lying and being in Seminole County and State of Florida.
which said lot-, piece or parcel of land is owned by Ralph B.Chapman, and the City
Commission of the City of Sanford, Florida deems it advisable, expedient and for the
best interests of said City to acquire the above described lot, piece or parcel of land
to be used as a. part of said airport or landing field, and the said Ralph B.Chapman has
offered to sell said lot, niece or parcel of land to the City of Sanford, Florida, for the
sum of $1,508.79, to be paid as follows: $508.79 in cash, and the balance of $1000.00
in annual installments of $100.00 each, with interest after maturity at 6% per annum, to be
evidenced by the promissory note of the City of Sanford, Florida to the said Ralph 3.
Chapman; the taxes to become due the City of Sanford, Florida, upon that certain lot,
piece or parcel of land, situate in the City of Sanford, Florida, and described as the
East Half of Lots 1 and. 2 of 31ock 12 of Tier 2 of Sanford, Florida, according to E.R.
Trafford's Map thereof, now owned by the said Ralph B.Chapman, together with any personal
property taxes which may become due to the City of Sanford, Florida, by the said Ralph
B.Chapman , to be deducted annually from each annual payment, while said -property is
owned by the said Ralph 3.0hapman , or his personal representatives, heirs or devisees ,
until said note is paid. in full.
NOW , THEREFORE, BE IT RESOLVED by the City Commission of the City of Sanford,
Florida, that the City of Sanford, Florida, -ourchase of and from Ralph B.Chapman the above
described lot„ piece or parcel of land for the sum of $1,50.79 to be paid as hereinafter
stated, said property to be conveyed to the City of Sanford free and clear of all
encumbrances, except State and County taxes for 1941, and by general warranty deed , and
that the City of �'anford nay said Ralph B.Chanma.n, upon the delivery of said deed of
conveyance, the sum of $509.79 in each, and that the Mayor and City Clerk be, and
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CITY COMMISSION, SANFORD, FLORIDA,__ _._____ Jr 1 P M 1 9_ 41
they are hereby authorized and instructed to execute and deliver to the said Ralph B.Chapman
the promissory note of said City for the sum of 41000.00 , nayable in annual installments
of $100.00 each, beginning on the first day of November , 1041, with interest on any unpaid
Installment after maturity at the rate of 6% per annum, said promissory note to contain a
provision for the deduction from each annual installment raid_ on said note, of taxes to
become due the City of Sanford, Florida, beginning with the year 1941, upon the last above des-
cribed 1 -0t, piece or parcel of land owned by him, together with personal property taxes to
become due the City by him, said provision to remain in full force and effect while said
Ralph B.Ohapman his personal representatives, heirs or deviseeea_, own said property,
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until said note shall have been raid in full.
BE IT FURTHER RESOLVED THAT THIS RESOLUTION SHALL BECOME EFFECTIVE IMMEDIATELY
UPON ITS PASSAGE AND ADOPTION.
PASSED and ADOPTED this 2nd, day of July 1941.
W.C.Hill
Mayor.
Edward Higgins
M J Lodge
H.James Gut
G.E.Rollins
As the City Commission of the
City of Sanford, Florida.
Attest:
H N Sayer i Seal)
City Clerk.
Consideration next given to the request of Mr. Chanman to farm the aforesaid property
described in the foregoing Resolution No. 607 until such time it is needed for enlarging
the airport.
Thereupon Commissioner Higgins moved that the City alloy Mr Chanman to farm this prone
as a tenant at will , under the provisions that he will surrender possession of it within
five days, upon notice from the City, and without any claims against the City for crop
loss caused from immediate surrender.
Seconded by Commissioner Lodge and carried.
Commissioner Higgins next introduced Resolution No. 608 , entitled:
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SANFORD FLORIDA, AUTHORIZING
THE EXECUTION AND DELIVERY OF REFUNDING BONDS OF THE CITY OF SANFORD, FLORIDA, DATED MARCH
1st, 1941 IN EXCHANGE FOR CERTAIN OUTSTANDING BONDS OF SAID -CITY AND DIRECTING THE
CANCELLATION AND DESTRUCTION OF CERTAIN UNDELIVERED REFUNDING BONDS OF THE CITY DATED
MARCH LST. 19j7 UPON THE EXECUTION AND DELIVERY OF THE AFORESAID REFUNDING SONDS DATED
MARCH LST. 1941 TO THE EXCHANGE AGENT HEREIN NAMED.
ANd same was read in full by the clerk.
Thereupon Commissioner Higgins moved the passage and adoption of said Resolution No. 60C'
Seconded by Commissioner Gut.
The roll was called and the vote stands as follows:
Commissioner Hill Aye
H Gilt Aye
It Higgins Aye
If Lodge Aye
if Rollins Aye
said Resolution No. 608 being in words and figures as follows:
RESOLUTION NO. 608
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SANFORD, FLORIDA, AUTHORIZING
THE EXECUTION AND DELIVERY OF REFUNDING BONDS OF THE CITY OF SANFORD, FLORIDA, DATED
MARCH 1st, 19411 IN EXCHANGE FOR CERTAIN OUTSTANDING BONDS OF SAID CITY AND DIRECTING THE
CANCELLATION AND DESTRUCTION OF CERTAIN UNDELIVERED REFUNDING BONDS OF THE CITY DATED
MARCH 1st, 1937, UPON THE EXECUTION AND DELIVERY OF TFS, AFORESAID REFUNDING BONDS DATED
MARCH 1st, 1941, TO THE EXCHANGE AGENT HEREIN NAMED.
WHEREAS, oursuant to a. modified plan of composition filed by the City of Sanford, Flori
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CITY COMMISSION, SANFORD, FLORIDA, JUG 2 1 P M 19- Al
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In bankruptcy in the United States District Court for the Southern District of Florida,
No. 128, Orlando Division, which modified plan of composition was a- ?proved by the United
States District Court in and for the Southern District of Florida by interlocutory
decree rendered on the 8th day of March , 1941, and pursuant to said interlocutory decree
approving said modified plan of composition the City Commission of the City of Sanford,
Florida, adopted Resolution No. 601 on the 24th, day of April , 1941, entitled:
A RESOLUTION PROVIDING FOR AND AUTHORIZING THE ISSUANCE OF CITY OF SANFORD, FLORIDA
REFUNDING BONDS, ISSUE OF 19410 DATED MARCH 1st, 1941, FOR THE PURPOSE OF
REFUNDING AND RETIRNNG VALID SUBSISTING FUNDED INDEBTEDNESS OF SAID CITY CONSISTING
OF OUTSTANDING NEGOTIABLE COUPON BONDS, AND PRESCRIBING THE MANNER OF ISSUANCE AND
PROVISIONS FOR THE PAYMENT THEREOF.
which resolution provided for the issuance of refunding bonds in the aggregate principal
amount of $172,000.00 to be comprised of three series, namely , C, D, and E, each of
said bonds to be in the denomination of.$1,000.00 , to be dated March lst „ 19411
to mature September 1st, 1977, and bear interest at the rate of four Der cent Der annum payabl
semi - annually, evidenced by coupons to be attached to said bonds, the respective amounts of sa
series being as follows:
Series C $120000.00
Series D 1301000.00
Series E 300000.00
said refunding bonds to be exchanged for the following bonds of the City of Sanford,
interest on said bonds having been canceled to March let, 1941, by said modified
plan of composition :
(A) 5% SPECIAL ASSESSMENT PAVING BONDS SERIES "H ",
datedjJanuary 1,1925, due July 1, 1935, in the
denomination of $1,000.00 each.
Numbers 181 -192 inclusive
Total outstanding bonds of said issue ...... .....................$12,000.00
Summary of outstanding prtficinal indebtedness described in (A) above:
Principal indebtedness bearing interest at 5% Der annum......... $12,000.00
(B) 5a% GENERAL TERM SERIES "F" BONDS, dated July 1, 1924, due July
it in the denomination of $1,000.00 each.
Numbers 33 -82, 111 -144 inclusive.
Total outstanding bonds of said issue ...... .....................$84,000.00
5j% GENERAL TERM SERIES "JJ" BONDS, dated July 1, 1926, due
July 1, 1956, in the denomination f $1,000.00 each.
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Numbers 66 -70 inclusive.
Total outstanding bonds of said issue...... .............. ........ 5,000.00
50 GENERAL TERM SERIES "KK" BONDS, dated July 1, 1926, due July
11 1956, in the denomination of $1,000.00 each.
Numbers 154 -158 Inclusive, 355 and 508.
Total outstanding bonds of said issue .............................. 7,000.00
51 GENERAL TERM SERIES "00" BONDS, dated July 1, 19260
due July 1, 1956, in the denomination of $1,000.00 each.
Numbers 49,61 -70 inclusive.
Total outstanding bonds of said issue... ....... ....................$11,000.00
50 PUBLIC UTILITY SERIES "CC" BONDS, dated July 1, 1926, due
July 1, 1956, in the denomination of $1,000.00 each.
Numbers 273 -297 Inclusive.
Total outstanding bonds of said issue ......... .....................$15,000.00
50 GAS UTILITY SERIES "DD" BONDS, dated July 1, 1926, due July 1,
1956, in the denomination of $1,000.00 each.
Numbers 129 and 130.
Total outstanding bonds of said issue ........ ......................$2,000.00
�d
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and,
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CITY COMMISSION, SANFORD, FLORIDA, JuIY - 201 P M 19_41
50 SPECIAL ASSESSMENT PAVING SERIES "B" BONDS
dated January 1, 1924, due July 1, 1937, in the
denomination of $1,000.00 each.
Numbers 61 -65 Inclusive.
Total outstanding bonds of said issue ....... ......................$5,000.00
51% SPECIAL ASSESSMENT PAVING SERIES "RR" BONDS, dated January
1, 1927, due July 1, 1935, in the denomination of $1,000.00 each.
Number 356.
Total outstanding bonds of said issue ........ ......................$1,000.00
Summary of outstanding principal indebtedness described in (B)
above: Principal indebtedness bearing interest at 50 per annum$130,000.00
(C) 6% GENERAL SERIAL SERIES "A -2" REFUNDING BONDS, dated January 1,
1925, due January 1, 1935, in the denomination of $1,000.00 each.
Numbers 71 -75 inclusive.
Total outstanding bonds of said issue .............................. $5,000.00
6% GENERAL SERIAL SERIES "A -3" REFUNDING BONDS, dated January 1,
1925, due January 1, 1931, in the denomination of $1,000.00 each.
Numbers 11, 12, and 13.
Total outstanding bonds of said issue ............................... $3,000.00
6% GENERAL SERIAL SERIES "A -3" REFUNDING BONDS, dated January 1,
1925, due January 1, 1936, in the denomination of $1,000.00 each.
Numbers 66 -75 Inclusive.
Total outstanding bonds of said issue ... ..... .....................$10,000.00
6% SPECIAL ASSESSMENT PAVING SERIES " C " BONDS
dated July 1, 1924, due January 1, 1934, in the denomination
of $1,000.00 each.
Number 164.
Total outstanding bonds of said issue .. ........................... 410000.00
6% SPECIAL ASSESSMENT PAVING SERIES "AA" BONDS, dated January 1,
1926, due January 1, 1935, in the denomination. of $1,000.00 each.
Numbers 155 -159 Inclusive.
Total outstanding bonds of said issue ........ ......................$5,000.00
6% SPECIAL ASSESSMENT BULKHEAD SERIES "ABBA" BONDS, dated January
10 1926, due July 1., 1936, in the denomiation of $1,000.00 each.
Numbers 75 -79 Inclusive.
Total outstanding bonds of said issue.. ........ ......................$5,000.00
6% SPECIAL ASSESSMENT BULKHEAD SERIES "ABBC" BONDS, dated
January 1, 1926, due July 1, 1930, , in the denomination of
$1,000.00 each.
Number 210.
Total outstanding bonds of said issue ......... ......................$1,000.00
Summary of outstanding principal indebtedness described in (C)
above: Principal indebtedness begi.ing interest at 6% per annum.... 300,000.00
Total $1720000.00
WHEREP-S, said refunding bonds to be dated March 1st, 1941, and to be
comprised of three series as aforesaid and in the aggregate principal amount of
$172,000.00 were validated by decree of the Circuit Court of the Ninth Judicial Circuit of
the State of Florida, in and for Seminole County, Florida „ entered on the 29th. day of
May, 1941, and said refunding bonds and coupons have been printed and are now ready
for execution:
NOW,THEREFORE, BE IT RESOLVED BY THE CITY COMPRISSION OF THE CITY OF SANFORD,
FLORIDA, THAT the aforesaid refunding bonds.of the City of S.anford, dated march 1st,
1941, in the aggregate principal amount of $172,000.00 comprised of three Series,
namely C, D, and E in the denomination of $1,000.00 each, to mature September 1st, 1977,
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CITY COMMISSION, SANFORD, FLORIDA, -__ tJu"! y 2 gt 1 P M 9
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and to bear interest at the rate of four Der cent Der annum payable semi - annually and
evidenced by coupons thereto attached, be executed by theCity of Sanford, Florida,
by the Mayor and the City Clerk of said City and the validation certificate thereon
be executed by the Clerk of the Circuit
and coupons be delivered to the Sanford
agent
exchange7or delivery to the holders of
therefor, said bonds to be denosited in
delivered by said exchange agent and t
Court of Seminole County, Florida., and said bonds
Atlantic National Bank of Sanford, Florida, as
the aforesaid bonds of said City to be exchanged
the safe - deposit box of the City in saidbank and
he City Clerk to the holders of the aforesaid
bonds to be exchanged therefor upon the surrender of said bonds and coupons„ exchanges
to be effected by said exchange agent and City Clerk as said bonds and coupons to be
exchanged therefor are presented, , the refunding bonds comprising series C aggregating
the principal sum of $12,000.00 to be exchanged for the aforesaid bonds bearing 5 Der
cent interest aggregating the principal sum of $12,000.00; the refunding bonds comprising
,to be exchanged for the aforesaid bonds be ring -1% interest,ag regating the principalsum of
Series D aggregating the principal sum of 130,O�K OO�nd the aforesaid refunding bonus
comprising Series E aggregating the principal sum of 430,000.00 to be exchanged for the
aforesaid bonds bearing 6 per cent interest aggregating the principal sum of $30,000.00
all of said bonds bearing 5 per cent interest, and coupons, all of said bonds bearing
51 per cent interest, and coupons, and all of said bonds bearing 6 per dent interest,
and coupons, to be delivered to the City Clerk, upon exchange as aforesaid, for
cancellation.
BE IT FURTHER RESOLVED, that said Sanford Atlantic National Bank is hereby
authorized and directed to send executed bond No. 1 of each of said Series C, D, and E. of
said refunding bonds to Messrs Thomson, Wood & Hoffman, bond counsel., of New York City,
New York, for examination and to be returned to said exchange agent with approving opinion
of said attorneys of the validity of said bonds, no exchanges of said refunding bonds to
be effected until said bond No. 1 of each of said Series is returned, together with
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said approving opinion of said attorneys on said issue of bonds.
BE IT FURTHER RESOLVED, that upon the execution and delivery to said exchange
agent of the aforesaid refunding bonds dated March 1st, 1941, and to be exchanged as
aforesaid for the aforesaid bonds of the City, undelivered Refunding Bonds , Series A,
of the City dated March let, 1937, numbered from 5017 to 5173 inclusive, maturing
Seotember 1st, 1977, in the denomination of $1,000.00 each, aggregating the principal
sum of 4157,000.00 with coupons appurtenant thereto and undelivered Refunding Bonds,
Series B. of the City dated March let„ 1937, maturing September 1st , 1977, numbered from 612
to 626 inclusive in the denomination of $1,000.00 each and aggregating the principal sum of
$15,000.00, and coupons appurtenant thereto, shall be canceled and destroyed by said exchan e
agent and the City Clerk as required by Section 17 of said Resolution No. 601, and
certificate of cancellation executed by them and incorporated in the minutes of the
City Commission and certified copy of such minutes furnished to aforesaid bond counsel.
BE IT FURTHER RESOLVED, that the Mayor and City Ulerk and the Cashier of the
aforesaid exchange agent execute and deliver to the aforesaid bond counsel signature
certificates for said refunding bonds dated March 1st, 1941, and that the Clerk of the
Circuit Court of the Ninth Judicial Circuit of the State of Florida in and for Seminole
County, Florida, execute and deliver to the City Attoreny for forwarding to bond
counsel, validation certificate snowing the signing and sealing of the validation
certificate, on said refunding bonds dated March let, 1941.
BE IT FURTHER RESOLVED, that this Resolution shall become effective immediately
upon its passage and adoption.
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CITY COMMISSION, SANFORD, FLORIDA, July 2 at 1 P M _
PASSED AND ADOPTED this 2nd day of July , 1941.
ATTEST:
H N Sayer
City Clerk.
( Seal)
19- 41
w C Hill
Mayor.
H . James Gut
Edward Higgins
M. J Lodge
G.E.Rollins
As the City Commission
of the City of Sanford
F ".orida.
On motion duly carried, the Commission next authorized the expenses of the
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