121223664
ADJOURNED SESSION OF REGULAR MEETING OF THE
CITY COMMISSION WEVNESDAY, DECEMBER 12,1923
The City .Commission of the City of Sanford, Florida, met at 3 o'clock P.M_. at the
City Hall in the city of Sanford, Florida on Wednesday.. December 12th. 1923
Present: Commissioners: Forrest Lake, S 0 Chase and C J Marshall.
At 3 O'Clock the Chairman announced that the hour had arrived for the opening of bids f.
for. the purchase of bonds to the amount of One Hundred and Sixty Thousand Dollars, of an
authorized issue of Five and one -half per cent. Improvement Bonds of the City of Sanford,
Florida, authorized by Ordinance Nos. 56,57, and 58, duly adopted by the City of Sanford
Florida, on the 31st, day of August 1923, and
Thereupon all sealed bids up to that time received by the City Commission were order
to be opened and read and the following bids were then and there opened and read.:
1 Bank of South Jacksonville 157,808.00 with accrued interest to date of
delivery for 5 - 1 /2's
2 Seasongood & Mayer 160,975.00 with accrued interest to date of
delivery , for 5 - 1 /2's
3 Seasongood & Mayer
4 Hanchett Bond Co.
5 Walter, Woody & Heimerdinger
6 Prudden & Co.
7 Prudden & Co.
152,100.00 with accrued interest to date of
delivery, for 512.
160,840.00 With accrued interest to date of
delivery for 5 - 1 /2's
160,112.00 with accrued interest to date of deli
ery, for 5 1 /2's
160.000.00 with accrued interest to date of deli
ery for 5 1 /2's
160,000.00 with accrued interest to date of deliv
ery, for 5 1 /4's on condition that proceeds of
sale be deposited with bank or banks satisfactory
to City and purchaser of bonds without interest.
9 Atlantic National Bank of Jacksonville 160,432.00 with accrued interest to date of de-
livery , for 5 1 /21s.
9 I B Tigertt & Co.
10 J C Mayer & Co. and Ryan, Bowman
& Company
11. J C Mayer & Co, and Ryan, Bowman
& Company
158,800.00 with accrued interest to date of deli
ery for 5 1/2's.
158,728.00 with accrued interest to date of deliv
for 5 1 /2's
152,174.00 with accrued interest to date of deli
ery for 5 1 /4's.
No further sealed bids having been received,.the Commission proceeded to consider the
bids submitted and after careful consideration and examination of all bids submitted, came
to the conclusion that the bid of Seasongood & Mayer was the highest and best bid re-
oeived.
Thereupon , Commissioner S 0 Chase offered the following resolution, which was unani-
mously adopted:
Resolution #113
Whereas Seasongood & Mayer of Cincinnati, Ohio has submitted a proposal for'the
purchase of the One Hundred and Sixty Thousand Dollars, City of Sanford, Florida, Improve-
ment Bonds to be dated July 2,1923, bearing interest at the rate of five and one -half
per centum per annum, interest payable July first and January first of each year, bo#
1
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661
principal and interest of said bonds, payable at New York in the State of New York
of the denomination of One Thousand Dollars, each, maturing July first 1953, authorized
by ordinances Nos. 56 „ 57,and 58, heretofore duly enacted and adopted by the City Com-
mission of the Cityof San trd, Florida, _nand approved by the voters of the City of Sanford
f Florida at,an election called and held throughout the City of Sanford, Florida, on the
9th day of October A.D.1923, sALid proposal being in words and figures as follows,to -wit:
December 12,1923
Forrest Lake )
S 0 Chase )As City Commission of the City of Sanford, Fla,
C J Marshall )and as ex- officio bond trustees of the City of
Sanford; Florida, at Sanford, Florida.
Gentl6men:
For the One Hundred and Sixty Thousand Dollars ($160,000.00) Park and Sewerage
Bonds of the City of Sanford, Floirda, dated July 2nd. 1923, denominations $1000 each
bearing interest at rate of five and one half per cent per annum, payable on first
days of January and July each year, both principal and interest payable at New York,
maturing July 1st, 1953, said bonds more fully described in the attached official
notice of sale, which notice is made a part of this bid, we will pay you upon delivery
of said bonds to us, One Hundred Sixty Thousand Eight Hundred and Seventy Five Dollars
($160,875.00) in current money and accrued interest from date of bonds to date of
Delivery.. As per your official notice of sale we are to be furnished with the approving
opinion of Hon J C Thomson, of New York.
Yours very truly,
Seasongood & Mayer,(Cincinnati)
Ohio
And, Whereas, it is the opinion of
offering to purchase said bonds for
Seventy five Dollars (- *160,875.00)
bonds to date of delivery, is the h:
issue of bonds.
By, George R Richards, Agent.
this Commission that the bid of Seasongood & Mayer
One Hundred Sixty Thousand Eight Hendry and
in current money and accrued interest from. date of
Lghest and best bid received for the purchase of said
Therefore , Be it Resolved that the'bid of Seasongood & Mayer for the purchase of said
issues of bonds for One Hundred Sixty Thousand Eight Hundred and Seventy Five Dollars
($160,875.00) in current money, and accrued interest from date of bonds to date of deliv-
ery, Be, and the same is hereby accepted, and
Be It Further Resolved, that the sale of Said bonds be, and the same is hereby awarded to
Seasongood & Mayer, upon the terms and conditions set forth in their bid as aforesaid,
_ and,
Be It further Resolved,, that the said bonds of the City of Sanford, Florida, to atthe
` amount of One Hundred and Sixty Thousand Dollars authorized in them manner er and at the time _,f u.:
aforesaid, bearing interest at the rate of Five and One half per eentum per annum be de-
livered to Seasongood & Mayer upon payment therefor by the said Seasongood & Mayer of:
One Hundred Sixty Thousand Eight Hundred and Seventy Five Dollars ( $160,875.00) in
current money, and accrued interest from date of bonds to date of deliver.
r.
111
Forrest. Lake
Mayor of the City of Sanford, Fla.
Attests,
L R Philips. (Seal)
City Clerk
The Fidelity Bonds of Forrest Lake, S 0 Chase and C J Marshall, City Commission
of the City.of Sanford, Florida, ex- officio members of the Board of Bond Trustees,
with United States Fidelity and Guaranty Company, a .corporation of Baltimore, Marylan
as surety thereon, each of said bonds being in the sum of Fifteen Hundred Dollars,
conditioned upon the faithful performance by the said Forrest Lake, S 0 Chase and
C J Marshall of the duties devolving upon them as Bond Trustees in connection with
an issue of bonds of the City of Sanford, Florida, in the sum of One Hundred and
Sixty Thousand Dollars, duly executed by each of.said bond Trustees, being presented,
and the City Attorney advising that said bonds were in correct legal form and properl
executed, the said Fidelity'Bonds of said Forrest Lake, S O Chase and C J Marshall,
as bond trustees as afores&id were duly approved.
Commissioner S 0 Chase moved, and it was passed unanimously that the City
Clerk is authorized to place $100.00 from Ordinary Fund in Bank subject to check of
the City Librarian for incidental expenses. Said Librarian to be required to make a
monthly report of such expenses on the first of each and every month to the City Cler
accompanying said report with receipted vouchers for all items paid out..
Communication from the Southern Utilities Co. Re: establishing certain lines
of poles and wires for electric service was referred to Secretary of Chamber of
Commerce with instructions to confer with the City Punning Commission and make
report to the Commission as early as practicable.
Communication from Zaohary -Tyler Veneer Co. re: putting in sewer through
thettr property without cost to the City in consideration that they be allowed
sewer connection without cost to them, was read and on motion duly passed their
proposition was accepted..
It was ordered that from and after this date that all building permits issued
4
only on O.K. of the City Planning Commission.
Upon motion passed unanimously, Mrs Anne VanNess Brown was appointed as City
Librarian, at a salary of $100.00 per month to serve at the pleasure of the City
Commission.
}There being no -further business, the meeting adjourned.
City Clerk.
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