Loading...
0524372,".3 2 MINUTES CITY COMMISSION, SANFORD, FLORIDA, May 24 at 7:30 P M 19 37 The City Commission of the City of Sanford, Florida, met in regular session at the City Hall in the City of Sanford, Florida at 7 :30 o'clock P.M. , May 24, 1937. Present: Commissioner Edward Higgins, Ilayor. W.R.Dupr4e A.W.Lee 11 W.A.Leffler 14. J. Lodge City Attorney Fred R.Wilson City Clerk, F. S. Lamson. Chief of Police R.G.Williams Meeting called to order by the Chairman. Minutes of special meeting of 1,.1aY 5th., regular meeting of May 10th, adjourned meeting of I,Iay 11th, and special meeting of ;lay 15th. , 1937, read and approved. Mr. D.L.Thrasher and Itlr. Epshaw, representing the Prudential Life Insurance Company next submitted several propositions covering group insurance on City employees and same were taken under consideration. hers. Claude Herndon and Illrs Harry Heeren, representing the Cemetery Beauti- fication Committee, next stressed the need for proper housing facilities for the caretaker at the cemetery and presented figures showing that the cost of materials for inclosing the upper part of the pavillion would not exceed $150.00. Thereupon Commissioner Dupree moved that the matter be referred to Supt. Loughton with authority to have this work done provided the cost of the materials does not exceed $150.00, the total cost including labor not to exceed $200.00. Seconded by Commissioner Lodge and carried. hir. F.T.Williams, Chairman of the Seminole County School Board, next reported on the need for more adequate sanitary facilities for Crooms Academy, and offered to furnish all materials and engineering necessary to run a sewer line from this school to the nearest City sewer if the City would furnish the labor. Matter taken under consideration. Mr. Walter Trapp next petitioned the Board for financial assistance to the extent of $25.00 to apply on the cost of going to Dayton, Ohio for treatment for Arthri- ti:a, it appearing that the disease had progressed to such an extent to make him in- capable for further self- support. Action deferred pending an investigation and report. Commissioner Leffler next intsaduced Resolution No. 509 entitled: RESOLUTION NO. 509 A RESOLUTION OF THE CITY COM,"vIISSION OF THE CITY OF SANFORD, FLORIDA, AUTHOR- IZING AND DIRECTING THE EXECUTION BY THE MAYOR AND CITY CLERK OF CERTAIN REFUNDING BONDS OF SAID CITY; AUTHORIZING THE DELIVERY OF SAID REFUNDING BONDS UPON THEIR EXECUTION TO CENTRAL HANOVER BANK AND TRUST COMPANY OF NEW YORK CITY, NEW YORK, AND THE EXCHANGE OF SAID REFUNDING BONDS FOR OUTSTANDING BONDS AND CERTIFICATES OF r„ OF INDEBTEDNESS OF SAID CITY DEPOSITED WITH C.T. DIEHL, KENNETH M. KEEFE, A.C. MITTENDORF AND MATT T. WrtiGNER, AS A DEPOSITORS ' COi:1i,iITTEE OF THE BONDS FOR SAID CITY OF SANFORD, AND CERTAIN BOLDS AND CERTIFICATES OF INDEBTEDNESS OF SAID CITY IN AfDGMENTS HELD BY SAID COI1IITTEE; AUTHORIZING AND DIRECTING THE CANCELLATION OF SAID BOLDS AND CERTIFICATES OF INDEBTEDNESS AND INTEREST COUPONS UPON THE EXCHANGE OF SAID BONDS AND CERTIFICATES OF INDEBTEDNESS FOR SAID REFUNDING BONDS AND AUTHORIZING AND DIRECTING THE MAYOR, CITY CLERK AND CITY ATTORNEY OF SAID CITY OF SANFORD TO PRO - CEED TO THE CITY OF NEW YORK FOR THE PIJRPOSE OF EFFECTING THE AFORESAID EXCHANGE OF SAID REFUNDING BONDS FOR SAID OUTSTA -?DING BONDS AND DERTIFICATES OF INDEBTEDNESS AND BONDS A14D CERTIFICATES OF INDEBTEDNESS IN JUDG11ENTS AND AUTHORIZING SAID I.,AYOR AND CITY CLERK TO EXECUTE ALL NECESSARY EXCHANGE CERTIFICATES AND RECEIPTS AND DOCUMIENTS i 1 1 1 1 1 1 1 1 MINUTES CITY COMMISSION, SANFORD, FLORIDA, May 24, 7:30 P M 19 37 AND TO DO ALL THINGS NECESSARY AND PROPER TO EFFECT THE EXCHANGE OF SAID REFUNDING BONDS FOR SAID OUTSTANDING BONDS AND CERTIFICATES OF INDEBTEDNESS AND BONDS AND CERTIFICATES OF INDEBTEDNESS IN JUDGIENTS AS AFORESAID. and same was read in full by the Clerk. Thereupon Commissioner Leffler moved the passage and adoption of said Resolution No. 509 Seconded by Commissioner Dupree and carried by the following vote of the Commission: Commissioner Higgins Aye " D -Vpree .'.Aye " Leffler Aye " Lodge Aye " Lee Aye said Resolution Ivo. 509 being in words and figures as follows: RESOLUTION NO. 509. A RESOLUTION OF THE CITY 00I- :I2: +IISSION OF THE CITY OF SANFORD, FLORIDA AUTHORIZING AND DIRECTING THE EXECUTION BY THE MAYOR AND CITY CLERK OF CERT. -IN REFUNDING BONDS OF SAID CITY; AUTHORIZING THE DELIVERY OF SAID REFUNDING BONDS UPON THEIR EXECUTION TO CENTRAL HANOVER BANK AND TRUST COKIPANY OF NEW YORK CITY, NEW YORK, AND THE EXCHANGE OF SAID REFUNDING BONDS FOR OUTSTANDING BONDS AND CERTIFICATES OF INDEBTEDNESS OF SAID CITY DEPOSITED WITH C.T . DIEHL, KENNTH AI. KEEFE, A . C . T:IITTENDORF AND MATT. T. WAGNER, AS A DEPOSITORS' CO1,1,IITTEE OF THE BONDS FOR SAID CITY OF ".AI FORD, AND CERTAIN BONDS AND CERTIFICATES OF INDEBTEDNESS OF SAID CITY IN JUDGMENTS HELD BY SAID CO 21ITTEE; AUTHOR - IZING AND DIRECTING THE CAIvrCELLATION OF SAID BONDS AMID CERTIFICATES OF INDEBTEDNESS AND INTEREST MJPONS UPON THE EXCHANGE OF SAID BONDS AND CERTIFICATES OF INDEBTEDNESS FOR SAID REFUNDING I301IDS AND AUTHORIZING AND DIRECTING THE I.AYOR, CITY CLERK AND CITY ATTORNEY OF SAID CITY OF SANFORD TO PROCEED TO THE CITY OF NEW YORK FOR THE PURPOSE OF EFFE ";TING THE AFORESAID EXCHANGE OF SAID REFUNDING BONDS FOR SAID OUTSTANDING BONDS AND CERTIFICATES OF INDEBTEDNESS AND BONDS AND CERTIFICATES OF INDEBTEDNESS IN JUDG- YENTS AND AUTHORIZIIG SAID 11AYOR AND CITY CLERK TO EXECUTE ALL NECESSARY EXCHANGE CERik TIFICATES AND RECEIPTS AND DOCUMIENTS AND TO DO AT_;L THINGS NECESSARY AND PROPER TO EFFECT THE EXCHANGE OF SAID REFUNDING BO! TDS FOR SAID OUTSTAIMIVIG ROADS AND CERTIFICATES OF INDEBTEDNESS AND BONDS AND CERTIFICATES OF INDEBTEDNESS III' JUDGMENTS AS AFORESAID. WHEREAS, The City ofSanford, Florida, did by Resolution No. 499 adopted on the first day of February, 1937, by the City Commission of said city, authorize the issuance of Refunding Bonds of said city in the aggregate principal amount of $5,9002000.00 to consist of two series, namely, Series A in the aggregate principal amount of $5,274,000.00, and Series B in the aggregate principal sum of $626,000.00 and the exchange of Refunding Bonds, Series A, for a like principal amount of out - standing bonds and certificates of indebtedness of the City of Sanford., except those two certain issues designated " Public Utility Bonds" dated January 1, 1924, and "Improvement Bonds Series CC" dated July 1, 1926, and the exchange of Refunding Bonds, Series B, for a like principal amount of said two issues of bonds designated 11 Public Utility Bonds " dated January 1, 1924, and " Irprovement Bonds " , Series CC" , dated July 1, 1926, and Central Hanover Bank & Trust Company of New York City, New York, has been designated as the agent through which said exchange shall be effected; and WHEREAS, of the outstanding bonds and certificatis of indebtedness of said city for which said Refunding Bonds are authorized to be exchanged, bonds and certificates of indebtedness in the principal amount of $5,152,000.00 have been deposited with C.T. DIEHL, KENIL,ETH 11. KEEFE, A C. HITTENDORF AND NATT T. WAGNER, as a depositors' committee of bonds for said city and judgments on bonds and certificates of indebtedness so deposited in the principal sum of $460,000.00 against said City of.Sanford, are held by said Depositors' committee of bonds and of the bonds and certificates of indebtedness deposited with said committee as aforesaid. bonds and certificates of indebtedness in the aggregate principal sum of $4,692,000.00 will be delivered by said committee to said Central Hanover Bank & Trust Company for exchange for said 234 MINUTES CITY COMMISSION, SANFORD, FLORIDA. may 24, at 7 :30 P M 197 Refunding Bonds and said committee is ready to deliver satisfactions of all judgments held by it against said city upon the exchange of said bonds and certificates of indebt- edness in judgments for Refunding - Bonds, and interest upon said bonds and certificates of indebtedness including interest reduced to judgment and interest on judgments has been or will be paid or canceled to the first day of March 1937, a list of the bonds and certificates of indebtedness to be delivered by said committee to said Central Hanover Bank and Trust Company to be exchanged for Refunding Bonds, Series A. being hereto attached and marked Exhibit A. a list of the bonds and certificates of indebtedness in Judgments held by said committee and to be exchanged for Refunding Bonds Series A being hereto attached and marked Exhibit B. and a list of the bonds to be delivered by said committee to said Central Hanover Bank & Trust Company for exchange for Refunding Bonds Series B. being hereto attached and marked Exhibit C; and WHEREAS, the aforesaid Refunding Bonds have been printed and are ready for execution and exchange for the aforesaid bonds and certificates of indebtedness held by said committee and to be delivered to said Central Hanover Bank & Trust Company and for exchange for said bonds and certificates of indebtedness in said judgments held by said committee and-said City of Sanford is now-ready to effect the exchange of" said Refund- ing Bonds for said bonds and certificates of indebtedness and bonds and certificates of indebtedness in said judgments held by said committee: NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SANFORDOFL0RIDA: 1 . That EDWARD HIGGINS, Mayor, F.S. LAMSON City Clerk , and FRED R. WILSON, City Attoaney, proceed immediately to the City of New Yori, to effect the exchange of said Refunding Bonds for the aforesaid bonds and certificates of indebtedness and bonds and certificates of-indebtedness in judgments and that thesa,id Edward Higgins as Mayor and F.S.Lamson as City Clerk be and they are hereby,authorized to execute on behalf of said City of Sanford 4603 Refunding Bonds, Series A. and 549 Refunding Bonds, Series B, and deliver the same to the Central Hanover Bank & Trust Company of New York City, New York, taking from said Central Hanover Bank & Trust Company its proper receipts therefor and said Central Hanover Bank & Trust Company is hereby authorized and directed to deliver to said C.T. Diehl, Kenneth M. Keefe, A.C. Mittendorf and Natt T.Wagner, as said depositors' committee of bonds of said Otty of Sanford 4143 of said Refunding Bonds Series A for said bonds and certificates of indebtedness listed on Exhibit A hereto attached from which Refunding Bonds the coupons maturing September 1 1937, shall be detached and delivered to said Mayor and CityClerk , and is authorized to deliver to said committee 460 Refunding Bonds, Series A, in exchange for the bonds and oartifieates of indebtedness in judgments , as shown by Exhibit B hereto attached, upon delivery to it by said committee of satisfactions of all judgments held by said oommittee against said city, from which Refunding Bonds Series A, coupons maturing September 1, 1937, shall be detached and delivered to said Mayor and City Clerk and is authorized and directed to deliver to said committee 549 Refunding Bonds Series B for said bonds listed on Exhibit-C hereto attached, from which Refunding Bonds Series B, the coupons maturing September 1, 1937, shall be detached and delivered to said Mayor and CityClerk. All interest coupons due January 1, 1937, and subsequent thereto on said bonds and certificates of indebtedness exchanged for Refunding Bonds, as aforesaid, 1 1 C 1 1 L 1 [1 MINUTES CITY COMMISSION, SANFORD, FLORIDA, may 24, at 7.30 P M 19 37 shall be surrendered with said bonds and certificates of indebtedness, and said Central Hanover Bank and Trust Company shall cancel said bonds and certificates of indebtedness exchanged for said Refunding Bonds, Series A and Series B. and all interest coupons delivered therewith, and deliver the same to said Mayor and City Clerk of the City of Sanford, and shall deliver to said Mayor and CityClerk said satisfaction of judg- ments. All interest coupons maturing prior to January 1, 1937, except such coupons as may have been detached before deposit of said bonds and certificates of indebtedness with said committee shall be delivered direct by said committee to said Mayor and City Clerk. 2. That the said Edward Higgins as Mayor and F.S.Lamson as City Clerk, are further authorized and directed to execute all necessary exchange certificates, reoftlbs and such other papers and documents as may be necessary and proper to effect the exchange of said Refunding Bonds for said bonds and certificates of indebtedness and bonds and certificates of indebtedness in judgments as foresaid and to do all things necessary and proper in and about the premises to effectually carry out the objects and pur- poses of this Resolution. BE IT FURTHER RESOLVED, that this Resolution shall become effective immediately upon its passage and adoption. Passed and adopted this 24th day of May 1937. Attest: Edward Higgins MAYBR W. R M.J.Lodge W.A.Leffler A.W.Lee s the city Commission of the City of Sanford, Florida. F.S.Lamson t Seal) * City Clerk, ( See Page 236A for Exhibits "A", "B" and "C" Commissioner Lee next introduced Resolution No. 510 entitled: RESOLUTION NO. 5100 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SANFORD, FLORIDA, AUTHORIZING AND DIRECTING THE EXECUTION BY THE MAYOR AND CITY CLERK OF SAID CITY OF CERTAIN REFUNDING BONDS OF SAID CITY AND THE DELIVERY OF SAID REFUNDING BONDS TO THE CENTRAL HANOVER BANK & TRUST COMPANY OF NEW YORK CITY, NEW YORI , FOR EXCHANGE FOR CERTAIN (?UTSTANDING BONDS AND CERTIFICATES OF INDEBTEDNESS OF THE CITY OF SANFORD AND CERTAIN BONDS IN JUDGMENT AGAINST THE CITY OF SANFORD AND AUTHORIZING AND DIRECTING THE DEPOSIT OF CERTAIN MONIES WITH THE CENTRAL HANOVER BANK & TRUST COMPANY OF NEW YORKQITY, NEW YORK, AND AUTHORIZING THE EXECUTION AND DELIVERY BY THE MAYOR AND CITY CLERK OF SAID CITY OF CERTAIN CERTIFICATES OF INDEBTEDNESS OF SAID CITY AND THE DELIVERY OF SAID CERTIFICATES OF INDEBTEDNESS TO THE CENTRAL HANOVER BANK & TRUST COMPANY OF NEW YORK, CITY, NEW YORI, AND AUTHORIZING AND DIRECTING THE PAYMENT OF SAID MONIES AND DELIVERY OF SAID CERTIFICATES OF INDEBTEDNESS TO THE HOLDERS OF CERTAIN BONDS AND CERTIFICATES OF INDEBTEDNESS OF THE SAID CITY AND CERTAIN BONDS IN JUDGMENT IN SATISFACTION AND SETTLEMENT OF UNPAID INTEREST ON CERTAIN BONDS AND CERTIFICATES OF INDEBTEDNESS AND CERTAIN BONDS IN JUDGMENT AND AUTHORIZING AND DIRECTING THE CANCELLATION OF SAID BONDS AND CERTIFICATES OF INDEBTEDNESS FOR WHICH SAID REFUNDING BONDS ARE EXCHANGED AND THE CANCELLATION OF UNPAID INTEREST COUPONS AND DIRECTING THE MAYOR AND CITY CLERK AND CITY ATTORNEY OF SAID_CITY TO PROCEED TO THE CITY OF NEW YORK FOR THE PURPOSE OF EFFECTa ING THE EXCHANGE OF SAID REFUNDING BONDS FOR SAID BONDS AND CERTIFICATES OF INDEBTEDNESS AND BONDS IN JUDGMENT, THE PAYMENT OF SAID MONIES AND DELIVERY OF SAID CERTIFICATES Of INDEBTEDNESS AND TO EXECUTE ALL NECESSARY EXCHANGE CERTIFICATES, RECEIPTS AND OTHER PAPERS AND DOCUMENTS AND TO DO ALL THINGS NECESSARY IN AND ABOUT THE EXCHANGE OF SAID REFUNDING BONDS, and same was read in full by the Clerk. Thereupon Commissioner Lee moved the passage and adoption of said Resolution No.510. Seconded by Commissioner Dupree and carried by the following vote of the CommiliSion: 236 MINUTES CITY COMMISSION, SANFORD, FLORIDA, May 24 at 7 :30 P M 19 37. Commissioner Higgins Aye 4 Dupree Aye " Lee . Aye n Lodge i .Aye Leffler Aye said resolution No. 510 being in words and figures as follows: RESOLUTION NO. 510. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SANFORD, FLORIDA, AUTHORIZING AND DIRECTING THE EXECUTION BY THE MAYOR AND CITY'CLERK OF SAID CITY OF CERTAIN REFUNDING BONDS OF SAID CITY AND THE DELIVERY OF SAID REFUNDING BONDS TO THE CENTRAL HANOVER BANK & TRUST COMPANY'OF NEW YORK CITY, NEW YORK, FOR EXCHANGE FOR CERTAIN OUT- STANDING BONDS AND CERTIFICATES OF INDEBTEDNESS OF THE CITY OF SANFORD AND CERTAIN BONDS IN JUDGMENT AGAINST THE CITY OF SANFORD AND AUTHORIZING AND ' "DIRECTING THE DEPOSIT OF CERTAIN MONIES WITH THE CENTRAL HANOVER BANK & TRUST COMPANY'OF NEW YORK CITY, NEW YORK, AND AUTHORIZING THE EXECUTION AND DELIVERY BY THE MAYOR AND CITY CLERK OF SAID CITY OF CERTAIN CERTIFICATES OF INDEBTEDNESS OF SAID CITY AND THE DELIVERY OF SAID CERTIFICATES OF INDEBTEDNESS TO THE CENTRAL HANOVER BANK & TRUST COMPANY OF'NEW YORK CITY ,NEW YORL, AND AUTHORIZING AND DIRECTING THE PAYMENT OF SAID MONIES AND DELIVERY OF SAID CERTIFICATES OF INDEBTEDNESS TO THE HOLDERS OF CERTAIN BONDS AND CERTIFICATES OF INDEBTEDNESS OF THE SAID CITY AND CERTAIN BONDS IN JUDGMENT IN SATISFACTION AND SETTLEMENT OF UNPAID INTEREST ON CERTAIN BONDS AND CERTIFICATES OF INDEBTEDNESS AND CERTAIN BONDS IN JUDGMENT AND AUTHORIZING AND DIRECTING THE CANCELLA- TION OF SAID BONDS AND CERTIFICATES OF INDEBTEDNESS FOR WHICH SAID REFUNDING BONDS ARE EXCHANGED AND THE CANCELLATION OF UNPAID INTEREST COUPONS AND DIRECTING THE MAYOR AND CITY CLERK AND CITY ATTORNEY OF SAID CITY TO PROCEED TO THE CITY OF NEW YORK FOR THE PURPOSE OF EFFECTING THE EXCHANGE OF SAID REFUNDING BONDS FOR SAID BONDS AND CERTIFICATES OF INDEBTEDNESS AND BONDS IN JUDGMENT, THE PAYMENT OF SAID MONIES AND DELIVERY OF SAID CERTIFICATES OF INDEBTEDNESS AND TO EXECUTE ALL NECESSARY EXCHANGE CERTIFICATES, RECEIPTS AND OTHER PAPERS AND DOCUMENTS AND TO DO ALL THINGS NECESSARY IN AND ABOUT THE.EXCHANGE OF SAID REFUNDING BONDS. WHEREAS, the City of Sanford, Florida, did by Resolution No. 499 adopted on the first day of February , 19370 by the City Commission of the City of Sanford, Florida , authorize the issuance of Refunding Bonds of said city in the aggregate principal amount of $5,900,000.00 to consist of two series namely , Series A in the aggregate principal amount of $5,274,000.00 and Series B in the aggregate principal amount of $626,000.00 and the exchange of Refunding Bonds Series A for a like principal amount of outstanding bonds and certificates of indebtedness of the City of Sanford, except those two certain issues designated " Public Utility Bonds" dated January 19 19249 and " Improvement Bonds Series CC" dated July 1, 1926, and the exchange of Refunding Bonds Series B for a like principal amount of said two issues of bonds designated " Public Utility Bonds" dated January 1, 1924, and " Improvement Bonds Series CC" dated July 1, 1926, and Central Hanover Bank & Trust Company of New York City, New York has been designated as the agent through which said exchange shall be effected; and WHEREAS, of the outstanding bonds and certificates of indebtedness of said city for which said Refunding Bonds are authorized to be exchanged, bonds and certificates of indebtedness in the principal amount of $4,692,000.00 which were deposited with C.T. Diehl, Kenneth M, Keefe, A.C.Mittendofr and Natt T. Wagner, as a depositors$ committee of bonds for said City of Sanford, will be delivered to said Central Hanover Bank & Trust Company for exchange for a like principal amount of the aforesaid Refunding Bonds and said committee holds judgments against the City of Sanford upon bonds and cer- tificates of indebtedness of said City of Sanford in the amount of $460,000.00 and of the outstanding bonds and certificates of indebtedness of said city, bonds and cer- tifieates of indebtedness in the principal amount of $732,000.00 were not deposited with the said committee and are held by various parties, and upon ten of which bonds the United Mutual Life Insurance Company of Indianapolis , Indiana, obtained and holds Judgment against said city and interest upon the aforesaid bonds and certificates of indebtedness not deposited with said committee has not been paid since January 1, 1999, 1 1 u I- m MINUTES P. 236A CITY COMMISSION, SANFORD, FLORIDA, May 24 at 71 30 P M -,19-37 t qAA pages 233/5 for Resolution No 5091 SEMES BOND NUMBERS 1910 21/23,36/40,59/64, 91 1914 11/25/1 26/50 1916 1/42 1917 1/3 1922 01 ,308/10,321/25,357 /66,377/85, 391/401,451/55 �79/553) 5 56/60,622,62 /25 1923 13/14, 31 /4o, 60, 69/160 1924 1/25,33/34,66/75 D 1/10 E 1 /100 F 6/57,105/45 G 5/25s36/50 EE 1/48,50/55161/73,83/872 98/100 FF 2/16,26/279 29/53,b6/72283/99 GG 1/2,9/40,51/100 AMOUNT $15,000.00 40,000.00 42,000.00 3,000.00 127,000.00 105,000.00 37,000.00 10,000.00 100,000.00 140,000.00 36,000.00 75,000.00 66,000.00 54,000.00 xx 1/5.,10/53,57/61164 /65,71/74 63,000.00 as 1/ 7 ,lo/14,16/53,55/56,63/65,76/loo 802000 00 xg 1/12238/44,47/55,57,64/76p87/140,146/50,159/24 ,2x/55 257/66,282/349, 352 ,354,357 /91,4i2/19,422/30,4z5, 7/50 456/507,509/53,556 /572560/65, 571/75 44o,000.00 LL 1 /100 100,000.00 00 1/41,48,50/60,71 / 78,81/83,99/100,126 /29,136/200, 211 /20, 231 /70, 272 /91,293,301/307,326 /50,356/64, 367/82,387/9 6,400 274,000.00 GENERAL SERIAL BONDS A -1 26/45,54/70,76/95, 101 /20,126/45,166/70,176 /92,2015 226/35,251/70,276 /95, 301/20,326/455,351 /70,378/95, 1 403/20, 436 /45, 461 /So ,491/500,526/40,549 /50,576/80, 601/20,651/80 383,000.00 A-2 i96j2oo�2ii/i5�25�?26o %6111/20,151/55,161 /65,167/55 105,ovo.00 A -3 266 %98,290% 3355346 %86 5389/96,399/4031405 /2+'251/56 386,000.00 GAS UTILITY BONDS. 7/1/24 1 /10,13/59,67/122,126/4o,151/56, 16o 135,000.00 DD 11/ 33, 36/ 40, 43, 50, 67/76,81/118,134,14o/64,167/64, 197/99 125,000.00 SPECIAL ASSESSMENT BONDS 1923 lo6/1o,116/45 35,000.00 A 76/8o,86/87,96/100,103/12 22,000.00 B 41/6o,66/72 27,000.00 C 99/ 120 ,122 /30,132/55,171/792151 /227 1110000.00 H 71/SO,57/95,101/05,110,121/70 75,000.00 J 89/108,111/22,133 /50,155/224 1202000.00 AA 105/09, 111/ 50,152/54,190/2o4,2o6/14,220/32 115,000.00 RR 110/ 11,142/69,189/227,233 /87,289/90 292,294/335 427/26'446/53,355,357 /59, 374/78,394/97,413 /16 229,000.00 13, /7 0 ABB 36/79281/84,88 /104 65,000.00 P. 236—B BB_ MINUTES CITY COMMISSION, SANFORD, FLORIDA, May 24, at 7: 30 P M 19.3 SPECIAL ASSESSMENT BONDS ( Contd) 33/63.,65/71., ABBC 220/39,255/3�4 340/98 4ol/11,417/39,444/59,465, 467/75,492/92,49+/521,523/49 Oert. of Ind. 11/35142, 45/4962/66 TOTAL EXHIBIT "B" AMOUNT 40,000.00 294,000.00 . 46,000.00 - 4,143,000.00 BONDS REDUCED TO JUDGMENT BY BONDHOLDERS' COMMITTEE TO BE EXCHANGED FOR SERIES " A If REFUNDING BONDS. DESCRIPTION OF BONDS AMOUNT OF BONDS. ., 6% General Term , dated 1 /l /10, Nos. 1/20,25/30,41/50 55/8, 65/9, 71/90,97/105,112 /20 03,000.00 5j% Certificates of Indebtedness, Dated 7/1/27 Nos: 1/5,7/10,67/76,92 /4, 102/61 821000.00 5j% Series 1923, dated 711/23. Nos. 77/105 29,000.00 5j% Series B, dated 1/1/24, Nos. 21/30 10,000.00 6% Series C, dated 7 /1/24 , Nos. 91, 92/9 5,000.00 5% Series H, dated 1/1/25, Nos. 61`70, 91/6,9 6/100 21,000.00 5 -3/4% Series J. dated 7/1/25. Nos. 67/9,71/7,91/3 13,000.00 6% Series AA, dated 1/1/26. Nos. 91/92, 110 13,000.00 54% Series RR, dated 1/1/27, Nos. 49/97,112/41 90,000.00 6% Series ABB, dated 1/1/26. Nos. 21/6,31/5 112,000.00 6% Series ABBA, dated 1/1/26 Nos. 19/32 15,000.00 6% Series ABBC, dated 1/1/26, Nos. 110/47,159/96,199,201 /9,212/9 95,000.00 4601006-70 EXHIBIT " C 11 MATER UTILITY BONDS HELD BY BONDHOLDERS' COMMITTEE TO BE DELIVERED IN EXCHANGE OF SERIES " B " BONDS. ,SERIES -BOND NUMBERS 1 -1,24 1/72t76/150;153/85,196/325 CO 1/23,30/5,55 56,62/76,79/129, 143/50,i60/71 173/92,19 1214, 239/62,299/94,30 /15,317/25 TOTAL AMOUNT 310,000.00 239,000.00 $549,000.00 1 1 L, 1 1 1 L C: MINUTES CITY COMMISSION, SANFORD, FLORIDA,—MO-24, at 7:30 P M 19-37 except that coupons maturing the lot. day of July 1929 and the lot day of January, 1930 on a Public Utility Bonds," dated January 1, 1924, and " Improvement Bonds Series CC" dated July 1, 1926, were paid since said date and interest has been paid in part to some of the holders of said bonds and certificates of indebtedness including C,T.Root, United Mutual Life Insurance Company, and The State Board of Education of Florida, and of the bonds and certificates of indebtedness not deposited with said committee, bonds and certificates of indebtedness in the principal amount of $41,000.00 and described in Exhibits A and B hereto attached have been deposited with said Central Hanover Bank & Trust Company for Exchange for a like principal amount of said Refunding bonds upon payment to the holders thereof of $20.00 in cash upon each of said bonds and certificates of indebtedness and delivery of certificates of indebtedness of said city as provided by Resolution No. 504 hereinafter referred to, in the amount of $50.00 upon eadh of said bonds and certificates of indebtedness, except as hereinafter stated, one -fifth of said certificates of indebtedness being payable each year beginning July 1, 1939, in full settlement and satisfaction of all interest upon said bonds and certificates of indebtedness accrued since January 1, 1929 upon said bonds and certificates of indebt- edness and additional bonds and certificates of indebtedness may be deposited with said Central Hanover Bank & Trust Company after the adoption of this Resolution for exchange for Refunding Bonds upon the same terms as those now deposited, a list of the bonds and certificates of indebtedness not deposited with the said committee but which may be exchanged for Refunding Bonds Series A being attached hereto and marked Exhibit A and a list of said bonds not deposited with said committee which may be exchanged for Refunding Bonds Series B being attached hereto and marked Exhibit B. and WHEREAS, by resolution No. 504 adopted by the City Commission of the City of Sanford, on April 15, 1937, the payment of$20,00 in cash on each bond and certificate of indebtedness upon which interest has not been paid as aforesaid, and the execution and delivery of certificates of indebtedness to said holders at the rate of $50.00 upon each of said bonds and certificates of indebtedness upon which interest has not been paid as aforesaid, said certificates of indebtedness being payable one-fifth thereof each year beginning July 1, 1939, except as such holders may be entitled to a pro rata part of said cash and certificates of indebtedness on account of partial paymnttof interest, was authorized and approved and the issuance of said certificates of indebtedness has been validated by the Legislature of the State of Florida, by House Bill No. 675, which cash and certificates of indebtedness are to be in full satisfaction and settlement of all interest accrued since January 1, 1929, upon said bonds and certif icates of indebtedness not deposited with the aforesaid committee and exchanged for said Refunding Bonds; and 2e3 WHEREAS the aforesaid Refunding Bonds and Certificates of Indebtedness have been prin and are ready for execution and delivery and said City of Sanford is now ready to effect an exchange of said Refunding Bonds for said bonds and certificates of indebtedness and bonds in judgment and make said cash payment and deliver said certificates of indebt- edness in satisfaction and settlem &ntof said accrued interest. NOW THEREFORE BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SANFORD,FLORIDA2 1. That Edward Higgins, Mayor, F.S.Lamson , City Clerk and Fred R. Wilson, City Attorney , proceed immediately to the City of New York to effect the exchange of said Refund- ing Bonds for said outstanding bonds and certificates of indebtedness that are now de- posited with said Central Hanover Bank and Trust Company and may be deposited with said 23S MINUTES CITY COMMISSION, SANFORD, FLORIDA, May 24- at 7:30 P M 197 Central.Hanover Bank & Trust Company after the adoption of this Resolution for exchange as aforesaid and that the said Edward Higgins as Mayor and F.S.Lamson as City Clerk be and they are hereby authorized and directed to execute and deliver to said Central Hanover Bank & Trust Company of New York City, New York, so many of said Refunding Bonds, Series A, as may be necessary to effect an exchange for the bonds and certificates of in- debtedness and bonds in judgment as described on Exhibit A hereto attached as are now or may hereafter be deposited with said Central Hanover Bank & Trust Company for exchange as aforesaid , and to execute and deliver to said Central Hanover Bank & Trust Company so many of the Refunding Bonds, Series B, as may be necessary to exchange for the bonds described on Exhibit B hereto attached as are now or may hereafter be deposited with said Central Hanover Bank & Trust Company for exchange as aforesaid, taking proper receipts from-said bank for said Refunding Bonds. 2. That there shall be deposited with said Central Hanover Bank & Trust Company funds sufficient to pay the sum of $20.00 on each of the bonds and certificates of indebtedness described in Exhibits A and B hereto attached as are now or may hereafter be deposited with said Central Hanover Bank & Trust Company for exchange as aforesaid, which said sum shall be disbursed by said Central Hanover Bank & Trust Company upon the order of the,said Mayor and City Clerk while in the City of New York for the purpose of effecting said exchange of said Refunding Bonds for said bonds and certificates of indebtedness, and bonds in judgment. 3. That the said Edward Higgins as Mayor and F.S. Lamson as City Clerk be and they are hereby authorized and directed to execute and deliver to said Central HanoverBank & Trust Company the proper number of cettificates of indebtedness as authorized by said Resolution No. 504 adopted April 15, 1937, at the rate of $50.00 for each bond and certificate of indebtedness and bonds in judgment described on Exhibits A and B hereto attached as now are or may hereafter be deposited with said Central Hanover Bank & Trust Company for exchange as aforesaid taking all proper receipts from said Central Hanover Bank & Trust Company therefor. 4. That sai d Central Hanover Bank & Trust Company shall be and it is authorized to deliver to the holders of the bonds and certificates of indebtedness and bonds in judgment shown on Exhibit A hereto attached, which have been deposited with it for ex change or may be deposited with it for exchange upon the terms aforesaid after the adoption of this Resolution, a like principal amount of Refunding Bonds Series A with interest coupons maturing September 1, 1937, and thereafter attached thereto and to pay upon the order of said Mayor and City Clerk the sum of $20.00 In cash for each bond and certificate of indebtedness so deposited or such portion thereof as the respective depositors of said bonds and certificates of indebtedness may be entitled to as herein- after stated and deliver to said respective depositors said certificates of indebtedness at the rate of $50.00 upon each bond and certificate of indebtedness so depos ted including said bonds in judgment or certificates of indebtedness in such amount as said depositors may be entitled to. 5. That said Central Hanover Bank & Trust Company shall be and it is authorized to deliver to the holders of the bonds down on Exhibit B hereto attached, which have been deposited with it for exchange or may be deposited with it for exchange upon the 1 1 C 1 MINUTES CITY COMMISSION, SANFORD, FLORIDA, `-may 24 at 7t-30 fl u '19_ -3 terms aforesaid after the adoption of this Resolution, a like principal amount of Refunding Bonds Series B with interest coupons maturing September 1, 1937, and thereafter attached thereto and to pay upon the order of the said Mayor and City Clerk the sum of $20.00 in cash for each bond so deposited or such portion thereof as the respective depositors of said bonds may be entitled to as hereinafter stated and deliver to said respective depositors said 8ertificates of Indebtedness at the rate of $50.00 upon each bond so deposited or certificates of indebtedness in such amount as said depositors may be delivered to said Mayor and City Clerk, 9. That the said Mayor and City Clerk are hereby authorized and directed to execute and deliver all necessary exchange certificates, receipts and such other papers and documents as may be necessary and proper to carry out the purposes of this Resolution. BE IT FURTHER RESOLVED, that this Resolution shall beeome.effective immediately upon its passage and adoption. Passed and adopted this 24th day of May 1937. Edward Higgins Mayor.' W.R.Dupree M.J.Lodke W.A.Leffler A.W.Lee As the City Commission of e City of Sanford, Florida. Attest: Po Se Lamson- y Clerk, Seal) ( See Page 240 -A for Exhibits A and B) Consideration next given to the proposal of the Bondholders Protective Committee, made through their Counsel, LIEngle and Shands, that the City pay to the Committee from earnings of the Water Utility Department an amount , which, added to that entitled to. 6. The bonds and certificates of indebtedness to be exchanged for the Refunding Bonds as herein provided shall have attached thereto or be accompanied by all unpaid interest coupons since January 1, 1929, except in the cases where said coupons were not in the possession of the party or parties depositing said bonds and certificates of indebtedness. 7. That the holders of all bonds and certificates of indebtedness described on Exhibits A and B hereto attached and upon which interest has been paid in part-shall be entitled only to their pro rata share of said cash payments of $20.00 for each bond and certificate of indebtedness and bonds in judgment and their pro rata part of said certificates of indebtedness at the rate of $50.00 upon each bond and certificate of Indebtedness and bonds in'judgment and the Mayor and City Clerk are hereby authorized to use their discretion to determine the adjustment in cash and dertificates of indebtedness to be delivered to any holders of -bonds or certificates of indebtedness upon which int- erest has been paid in part. has been effected the bonds 8. That when said exchange of said Refunding Bonds/ and certificates of indebted- ness exchanged therefor and unpaid coupons accompanying the same shall be canceled and delivered to said Mayor and City Clerk and a satisfaction of said judgment held by United Mutual Life Insurance Company, if an exchange is effected with it, shall be delivered to said Mayor and City Clerk, 9. That the said Mayor and City Clerk are hereby authorized and directed to execute and deliver all necessary exchange certificates, receipts and such other papers and documents as may be necessary and proper to carry out the purposes of this Resolution. BE IT FURTHER RESOLVED, that this Resolution shall beeome.effective immediately upon its passage and adoption. Passed and adopted this 24th day of May 1937. Edward Higgins Mayor.' W.R.Dupree M.J.Lodke W.A.Leffler A.W.Lee As the City Commission of e City of Sanford, Florida. Attest: Po Se Lamson- y Clerk, Seal) ( See Page 240 -A for Exhibits A and B) Consideration next given to the proposal of the Bondholders Protective Committee, made through their Counsel, LIEngle and Shands, that the City pay to the Committee from earnings of the Water Utility Department an amount , which, added to that MINUTES CITY COMMISSION, SANFORD, FLORIDA, 24. at 7:30 P M 19 37 already reeeivedby the Committee from the earnings of this Department during the current fiscal year, will represent 2 percent on the total water plant bonds held by the Committee and that in return the Committee will accept Refunding Bonds Series B with the September lst, 1937, coupons detached. Thereupon Commissioner Lee moved approval of the payment of ;4545.00, which had been determined by the Clerk to be the amount required, from the earnings of the Water Utility Department, to the Bondholders Protective Committee, in accordance with the foregoing proposal. Seconded by Commissioner Dupree and carried. On motion duly carried the exepnses of the Mayor, City Attorney and City Clerk to New York City to consummate the refunding of the City's bonded indebtedness as out- lined by Resolutions No 509 and 510, were next authorized . The Chairman next appointed Commissioner Leffler as Acting Mayor during his absence Fire Chief Cleveland next reported the need for new tires for one of the fire trucks submitting the following bids for consideration by the Commission: 2 40x8 14 Ply Tires and Tubes 2 3gx7 12 Ply Tires and Tubes Less allowance for old tires and tubes. Bid of H.B.Pope Company Inc. Bid of Seminole Tire Shop Inc. Rockey's Tire Shop McKee Auto Supply 265.33 net. 220.00 net. 253.5c� net. 319.72 net. Thereupon Commissioner Lee moved that the bid of the lowest bidder, the Seminole Tire Shop Inc. of $220.00, be accepted. Seconded by Commissioner Dupree and carried, Consideration next given to the need for a pressure gauge to measure the "draw: -down" at the wells while being pumped with a view to measuring their capacity, a quotation for such a gauge from Julien P. Freiz and Sons Inc. at a price of $70.00, being submitted at this time by MrS.A.Stubbs, Geologist. Thereupon, in view of the necessity for such a gauge in connection with a study of the water supply,. Commissioner Leffler moved that one be purchased from Julien P. Freiz and Sons Inc. at a price of $70.00 Seconded by Commissioner Lodge and carried. Application next received from Elizabeth Q,ueener, at 205 W. First St., and Sam Xenia at the Municipal Athletic Field., for permit to sell beer and wines, and on motion duly carried, same were approved. Consideration next given to the need for a new power diap1jr,-agm pump by the division of Streets and Sewers, and on motion of Commissioner Dupree, seconded by Commissioner Lodge and carried, bids were ordered obtained. Application next received from Marganna Brown for homestead exemption for the year 1936 on Lot 11 Block 8 Tier B. and on motion duly adopted, application approved. Commissioner Dupree next introduced Ordinance No, 255 entitled: AN ORDINANCE DEDICATING CERTAIN REAL PROPERTY OWNED BY THE CITY OF SANFORD, FLORIDA FOR PUBLIC USE OF PUBLIC PARKS, RECREATION AND PLAYGROUNDS UNDER THE CONTROL AND MANAGEMENT OF SAID CITY FOR THE USE AND ENJOYMENT OF THE INHABITANTS OF SAID CITY OF SANFORD, FLORIDA, AND THE GENERAL PUBLIC, AND RESERVING THE RIGHT IN SAID CITY TO USE SUCH'PORTIONS OF SAID PROPERTY AS MAY BE DEEMED NECESSARY FOR MUNICIPAL OR OTHER PUBLIC PURPOSES4 and same was placed on its first reading and read in full by the Clerk. ( P. 241 should follow) 1 1 I J 1 1 MINUTES CITY COMMISSION, SANFORD, FLORIDA, May 24 at 7: 30 P M —19--37 EXHIBIT " A " P. 240 —A ( See P. 236 for Resolution No-510) 7 -2 -23 151 B 61/65 C 161,162,164 H 109,171/92 AA 50,155/59,205 RR 170 /55, 291 ,354,356,360/70;379 /57,395/400 403/12,424/45 ABBa 75/79 ABBc 210,245/54,413/15,461 /64,476/51 Cert. of Indebt. 6 TOTAL EXHIBIT 0 B " AMOUNT $10,000.00 5,000.00 3,000.00 30,000.00 77,000.00 30,000.00 10,000.00 1,000.00 7,000.00 11,000.00 21,000.00 62,000.00 7,000.00 50,000.00 105,000.00 19,000.00 15,000.00 43,000.00 1,000.00 5,000.00 3,000.00 23,000.00 7,000.00 77,000.00 5,000.00 24,000.00 000. 00 0655,000.00 _STATEMENT OF BONDS — " NOT IN COMMITTEE n T-0 BE EXCHANGED FOR SERIES " A "-BONDS GENERAL TERM BONDS. SERIES. BOND NUMBERS 1910 31/35251/54,70 ( Reduced to Judgment) 106 /105,110,111 1916 43/45 1917 4/33 1922 311/20, 326/ 56,369/73,356/59p456/63,554/55, 552/95 7 -2 -23 1/11,29/30251/59 261/65 G 1/4026 131 FF 100 HH 6/9,54/56 JJ 57/62s66/70 KK 45,46, 141 /45 ,154/5$,277/512355,505,555559 00 49,6l/70,ioi/20 ,131,221/30,292,294 /300,351/55 365/66.,353/56,397 GENERAL SERIAL BONDS A -1 6$ 591/95691/92 A -1 51 501/25551/75 A -2 21/40,62/63 ,71/75,51/100,121 /30,1660156/95 201/101216/25,231 /40,245/57 A-3 11/13,36,37p66/75P 336/39 GAS UTILITY BONDS 7 -1 -24 6o/66,141/45 DD 35, 45/ 49, 51 /65s79,So,129/33,135/39�155/94 SPECIAL ASSESSMENT BONDS. 7 -2 -23 151 B 61/65 C 161,162,164 H 109,171/92 AA 50,155/59,205 RR 170 /55, 291 ,354,356,360/70;379 /57,395/400 403/12,424/45 ABBa 75/79 ABBc 210,245/54,413/15,461 /64,476/51 Cert. of Indebt. 6 TOTAL EXHIBIT 0 B " AMOUNT $10,000.00 5,000.00 3,000.00 30,000.00 77,000.00 30,000.00 10,000.00 1,000.00 7,000.00 11,000.00 21,000.00 62,000.00 7,000.00 50,000.00 105,000.00 19,000.00 15,000.00 43,000.00 1,000.00 5,000.00 3,000.00 23,000.00 7,000.00 77,000.00 5,000.00 24,000.00 000. 00 0655,000.00 0 P. 240 -B MINUTES CITY COMMISSION, SANFORD, FLORIDA, May 24 at 7:30 P M 19 37 EXHIBIT " B " Ir JUTIMT OF MATER UTILITY BONDS - "NOT IN COMMITTEE" TO BE EXCHANGED FOR SERIES "B" BONDS. ' + _ _ BOND NUMBERS AMOUNT 1 -1 -24 326/75 $50,000.00 Cc 57/61, 772 158,263/67, 273/87 27,000.00 TOTAL $77,000.00 1 1 1 1 1 1 1 1 MINUTES 241 CITY COMMISSION, SANFORD, FLORIDA,— Nay��24 n� � t 7:30 P u 19--n Thereupon Commissioner Dupree moved that the rules be waived and said Ordinance No. 255 be placed upon its final passage and adoption. Seconded by Commissioner Lodge. Thereupon the question recurred upon the waivure of the rules. The roll was called and the vote stands as follows: Commissioner Higgins Aye a Dupree Aye " Lee Aye " Leffler Aye u Lodge Aye Thereupon Ordinance No. 255 was placed upon its final passage and adoption, the vote standing as follows: Commissioner Higgins Aye N Dupree Aye N Lee Aye N Leffler Aye " Lodge Aye Thereupon the Chairman announced that the City Commission of the City of Sanford, Florida, by unanimous vote, had passed and adopted said Ordinance No. 255 entitled: AN ORDINANCE DEDICATING CERTAIN REAL PROPERTY OWNED BY THE CITY OF SANFORD,FLORIDA FOR THE PUBLIC USE OF PUBLIC PARKS, RECREATION AND PLAYGROUNDS UNDER THE CONTROL AND MANAGEMENT OF SAID CITY FOR THE USE AND ENJOYMENT OF THE INHABITANTS OF SAID CITY OF SAD , FLORIDA, AND THE GENERAL PUBLIC, AND RESERVING THE RIGHT IN SAID CITY TO USE SUCH PORTIONS OF SAID PROPERTY AS MAY BE DEEDED NECESSARY FOR MUNICIPAL OR OTHER PUBLIC PURPOSES, On motion duly adopted, Ordinance No. 255 was next ordered POSTED at the front door of the City Hall in the City of Sanford, Florida . On motion df Commissioner Lodge, seconded by Commissioner Dupree and carried, an additional $125.00 was next ordered allocated to the payment of meals and beds for indigent transients on orders furnished by the Salvation Army, City Attorney Wilson next presented Warranty Deed to the following described property acquired for road purposes from Frederick W.Bender Jr.: Beginning at a point 1363.96'fbet West of the Northeast corner of Section 2, Township 20 south, range 30 east, run South 792 feet , thence east 50 feet, thence north 792 feet, thence west 50 feet to point of beginning, less the north 30 feet, and on motion duly carried, payment toMr. Bender of $244.75 , the purchase price agreed to at the meeting of the Commission of April 26th. 1937,was authorized. There being no further business, the meeting then adjourned. Attest: City Vlerk. yor. `