0107361
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MINUTES
CITY COMMISSION, SANFORD, FLORIDA, .-Tan a ry 7, 7:30 P M 36
The City Commission of the City of Sanford, Florida, met in regular annual
session at the City Hall in the City of :anford, Florida, at 7:30 O'Clock P.M. January
7, 1936•
Present: Commissioner T.L.Dumes, Mayor.
If W.A. Leffler
If H.J.Lehman
" S. 0. Shinholser
If V. A. Speer
Commissioner -Elect W.R.Dupree
if If P.N.Whitehurst.
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 Regular Meeting of December 23rd. 1935, read and approved.
Commissioner Lehman next introduced Resolution No. 482 and moved its
passage and adoption.
Seconded by Commissioner Shinholser and carried by the following vote of
the Commission:
Commissioner Dumas Aye
" Leffler Aye
if Lehman Aye
If Shinholser Aye
if Speer Aye
said resolution No. 482 being in words and figures as follows, to -wit:
RESOLUTION N0. 482.
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SANFORD, FLORIDA,
RELATIVE TO PROPOSED AMENDMENTS OF FEDERAL STATUTE KNOWN AS THE "WILCOX MUNICIPAL
BANKRUPTCY BILL."
WHEREAS, the City of Sanford, Florida, has an indebtedness at this time of
approximately $6,400,000.00 in the payment of a large portion in which it has been in
default since the first day of July , 1929, and approximately 8%o of its bonds and
certificates of indebtedness are in the hands of a Bond Holder's Protective Committee
and said City of Sanford has paid its said Bond Holder's Protective Committee the
sum of $591,368.85 which has been a.il that the said City of Sanford has been reasonably
able to pay upon said City indebtedness and perform its functions of government;
and,
WHEREAS, said City of Sanford, Florida, has an assessed valuation of all
taxable property within its limits for the year 1935 of $6,459,961.48, which is a
reasonable and fair cash valuation of all of the taxable property within the corporate
limits within the City of Sanford, Florida, which has a population of only 10,797,
and the payment of said indebtedness in full and as contracted is beyond any reasonable
expectation and hope and said City has been unable to effect a settlement with the
Bond Holder's Protective Committee of its indebtedness and the City Commission of
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MINUTES
CITY COMMISSION,. SSANFORD, FLORIDA, January 7, 7:30 P M —19 36
said City feels that an adjustment and settlement of its indebtedness is its only
hope of survival and progress as a governmental unit,and political subdivision,and,
WHEREAS, recent Congressional investigation has disclosed that the charges of
such Bondholders' Protective Committees for their services to the holders of said
obligations are far in excess of what is reasonable and just, and the holders of such
obligations have not received a just proportion of the funds paid to them by the
taxing units affected, with which payments such taxing units are morally and rightfully
concerned; and
WHEREAS, The Congress of the United States enacted a statute commonly known as
the "Wilcox Municipal Bankruptcy Bill ", which was designed to authorize the several bankrupt
cy courts of the United States to adjust the indebtedness of taxing units which are unable
to pay their indebtedness in full, which statute requires the consent of not less than-
fifty-One percent of the holders in amount of the indebtedness of the taxing unit before it
can apply to the court for relief, and the consent of sixty -six and two- thirds percent
in amount of the ca.ims of each class of creditors whose claims have been allowed, and
the consent of creditors holding seventy -five percentum in amount of the claims of
all c asses of the creditors of the taxing unit affected before the court can approve
and make effective a settlement agreed upon, but by reason of the inability of many
taxing units to obtain the consent of their creditors to a settlement of their indebtedness,
such taxing units have not been able to obtain the relief sought to be conferred by such
laws; and
WHEREAS, The City Commission of the City of Sanford, Florida, is of the opinion.
that Bondholders Protective Committees should be regulated by law in the interest of
both the holders of the obligations of taxing units deposited with such committees, and
in the interest of the taxing units in default in the payment of such obligations, and
that the "Wilcox Municipal Bankruptcy Bill" should be amended so 8.8 to facilitate the
adjustment of the indebtedness of taxing units unable to pay their obligations in full
as contracted.
Florida:
NOW,THEREFORE, BE IT RESOLVED by the City Commission of the City of Sanford,
That the Congress of the United States be, and it is hereby memorialized to
enact such legislation as may be proper and necessary to subject Bondholders Protective
Committees to a proper Federal Agency with authority to regulate their charges for
services rendered to depositors of the obligations of taxing units, and also to require
the deposit with such agency by such Bondholders Protective Committees of a list of
the names and addresses of the actual holders and owners of the obligations deposited
with such committees, and to authorize such Federal agency to assist in effecting a
settlement of the indebtedness of the taxing unit whose obligations have been deposited
with the Bondholders Protective Committees, and that the "Wilcox Municipal Bankruptcy
Bill" be amended so as to extend its effectiveness for a period of not less than two
years after the expiration thereof, as now provided therein, and so as to facilitate
and expedite the adjustment and settlement of the indebtedness of municipalities and
other taxing units unable to pay such indebtedness in full.
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MINUTES
CITY COMMISSION, SANFORD, FLORIDA, January 7 at 7:30 P Ai1936
BE IT FURTHER RESOLVED that the foregoing resolution shall become effective
The Commission next approved rental of property in St. Gertrude's Addition described
as Lots 2 and 4 and that part of Lot $ lying south of Seminole Boulevard across said Lot 8
all in Block X , to E.A.Londonberg for the year commencing July 1st, 1935, at a price of
Two City of 6anford bonds, after which, on motion of Commissioner Speer, seconded by
Commissioner Lehman and carried, the meeting adjourned sine die.
The Commission then re- convened for purposes of organization., Mr. Dupree and Mr.
Whitehurst signing the oath of office and being seated as Commissioners of the City of
Sanford, Florida, for three year terms each.
The first order of business being the election of a Mayor for the year 1936,
Commissioner Leffler offered the name of Commissioner Dumas and moved his re- election
for the ensuing year.
Seconded by Commissioner Shinholser.
Thereupon Commissioner "Shitehurst moved that the nominations be closed.
Seconded by Commissioner Dupree and unanimously carried.
Thereupon the vote was taken upon the re- election of Commissioner Dumas,
and upon all voting Aye, Commissioner Dumas was declared to have been unanimously elected
Mayor of the City of :anford , Florida, for the year 1936.
A Committee, headed by Mrs A.M.Philips, next presented request for permit to
a
conduct7Seminole County Fair under the auspices of the Seminole County Home Demonstration end
Agricultural Fair Association Inc., similar to that conducted by this organization in
February, 1935•
Thereupon considerable discussion arose as to the precedent which would be set by
waiving the license tax on the carnival section of the Fair .,City Attorney Wilson
advising that a Supreme Court ruling exempted Fairs from paying license taxes.
Thereupon Commissioner Shinholser moved that the permit for the Fair as
requested be granted.
Seconded by Commissioner Dupree and carried over the dissenting vote of Commissioner
Leffler.
Thereupon there being no further business, and on motion of Commissioner Shinholser,
seconded by Commissioner Whitehurst and carried, the meet* ad' ed.
v � 1
Mayor.
Attest:
City Clerk.
immediately upon its passage and
adoption.
Passed and adopted this
7th day of January
1936.
T.L.Dumas
W.A. Leffler
V A Speer
S.O.Shinholser
H.J.Lehmen
As the City Commission of the
Attest:
City of 6anford, Florida.
F.S.Lamson
As City Clrk. (
Seal)
The Commission next approved rental of property in St. Gertrude's Addition described
as Lots 2 and 4 and that part of Lot $ lying south of Seminole Boulevard across said Lot 8
all in Block X , to E.A.Londonberg for the year commencing July 1st, 1935, at a price of
Two City of 6anford bonds, after which, on motion of Commissioner Speer, seconded by
Commissioner Lehman and carried, the meeting adjourned sine die.
The Commission then re- convened for purposes of organization., Mr. Dupree and Mr.
Whitehurst signing the oath of office and being seated as Commissioners of the City of
Sanford, Florida, for three year terms each.
The first order of business being the election of a Mayor for the year 1936,
Commissioner Leffler offered the name of Commissioner Dumas and moved his re- election
for the ensuing year.
Seconded by Commissioner Shinholser.
Thereupon Commissioner "Shitehurst moved that the nominations be closed.
Seconded by Commissioner Dupree and unanimously carried.
Thereupon the vote was taken upon the re- election of Commissioner Dumas,
and upon all voting Aye, Commissioner Dumas was declared to have been unanimously elected
Mayor of the City of :anford , Florida, for the year 1936.
A Committee, headed by Mrs A.M.Philips, next presented request for permit to
a
conduct7Seminole County Fair under the auspices of the Seminole County Home Demonstration end
Agricultural Fair Association Inc., similar to that conducted by this organization in
February, 1935•
Thereupon considerable discussion arose as to the precedent which would be set by
waiving the license tax on the carnival section of the Fair .,City Attorney Wilson
advising that a Supreme Court ruling exempted Fairs from paying license taxes.
Thereupon Commissioner Shinholser moved that the permit for the Fair as
requested be granted.
Seconded by Commissioner Dupree and carried over the dissenting vote of Commissioner
Leffler.
Thereupon there being no further business, and on motion of Commissioner Shinholser,
seconded by Commissioner Whitehurst and carried, the meet* ad' ed.
v � 1
Mayor.
Attest:
City Clerk.