122427-Meeting of CommissionCITY COMMISSION, SANFORD. FLORIDA ....
MINUTES
Meeting of Cmmmission DecemMsr 24 ll A M19 27
291
The ~lty Co~mnlsslon of the City of Sanford Florida met
Florida on December 2~th. at ll:O0 A.M. 1927.
Present: Commissioner
City Clerk,
City Attorney,
City ~,ianager,
Commis~:ioner S 0 Chase
at the City H all, oanfo_d
E F Housholder, (Mayor)
S 0 Chase
W C Hill
L R Philips
George A DeCottes
W B '~illiams.
introduced Resolution ~3~0,
aha moved its a~optlon, motion
was seconded by Commissioner ?? C Hill, and was unanimously adopted in words and figures as
follows:
RESOLUTION ~350.
~d~REAo, Chase ,,a~lon~l Bank of 57 Broadway, New York City have in their possession
the following unsold securities and bonds of the City of S~mford, Florida, to-wit:
RE: City of Sanford Florida 5~-~ bonds:
,$250,000 Series "SS" due Jan lat. l~Sy, ~os 1/250
~$~00,0~0 Series "due July 1st, 1956~, Nos 1~400
~ ~40,000 Series "~" Due July 1st 1~5o, Nos l~l~
~$ 50,000 Series "LL" Due July 1st 195~, Nos 101/150
and
~THEREAS, heretofore demand has been duly made upon the Chase National B~k for the ret~n
of the above described securities, and
WHEREAS, the Chase National Bank has refused to surrenSer possession thereof, and
,.~RsAo, it has become necessary for the City of Sanford Florida to employ and engage
counsel in New York City to institute such legal proceedings at law or in Chancery as may
be required, necessary and efilect~l for the p~ose, of securi~ ~ossession. of s~.~ '~ unsold
bonds of the .City of Sanford, Florida as above described, now held by the Chase Ifational
Bank.
THE~FO~ BE IT RESOLVED, that the law firm of Hornblower, Miller & Garrison of New
York City be, and the same is hereby employed and retained by the City of ~ ~
oa,~ord Florida
to take such action as ~y be necessary in the premises to fully protect the property rights
and interests of the City of Sanfford, Flo~-ida, in and to said unsold securities of theoz~'~y
of S~,fora, Flor~ now in the po~session of the Chase l~a~mon~l B'~mk, and to this end the
said law firm off Hornblower, ~,filler & Garrison are hereby duly and fully authorized ~ s
~n~ e I1~ OV;~I
..... ~ ~ '~'s either at law or in Chancery in any court of competent
ed to institute such leo,1 :.~o_c~ed~,~o ,
jurisdiction in the State of New York necessary and required for the prupose of procuring
possession of said bonds and securities of the City of Sanford, Florida, above described, now
held by the Chase Natiom~l B~::nk, ~d
BE IT F~THER RESOLVED, t~t the said law firm of Hornblower, Miller & Garrison, be and
the same is hereby authorized for and on behalf of the City of Sanford, Florida a M,~icipal
Corporation to sign and verify any petition or bill of complaint or other legal paper neces-
sary to be filed in any legal proceedi~ instituted by them for and on behalf of the City of
Sa~ord, Flori~, deemed advisable by them to be instituted and prosecuted in order to prot$Ct
the interests of the City and to secure possession of said bonds ~d sec~ities, including the
execution by said attorneys in the n~e of the City of Sanford. Florida. or as ~ttnrnav ~ ~=~
292
CITY COMMISSION, SANFORD, FLORIDA,
MINUTES
D~cember 2!4, 11 A M. m 27
Sanford Florida, in the premises,
BE IT FURTHER RESOLVED, that the
and they are hereby
and necessary to be
and confirming all
or c,,.:~se to be done
Adopted on this
and
said Law Firm of Hornblower, Miller & Garrison be,
~iven full power and authority to do everything whatsoever requisite
done in the premises, the C~y of Sanford Florida, hereby ratifying
that the said law fir~m of Hornblower,
by virtue hereof.
the 2'~h~,.~ ~ .....off December A.D. 192~
Garrison may lay:fully do o
Att est:
L R Philips
,~y Clerk.
(Seal)
E F Hou~holmer
S 0 Chase
W C Hill
As the City Commission of the City
~ Ssm£ord, Florida
The action of City Attorney reported at this meeting in authorizing by wire Cal~zell
& Raymond, Attorneys in New York to employ the lav~ firm of Hornblower, Miller & Garrison
to represent the City of Sem~ford in contemplated litigation against the Chase National Bank
of New York is ratified, confirmed and approved, and a retainer fee of $2,500.00 agreed to
by the City Attorney to be paid Hornblower, Miller & Garrison is approved and confirmed, and
a check ordered dragon to pay Hornblower, Miller & Garrison in the sum of $2,500.00 to cover
said retainer fee, said check to be delivered in person by the City Attorney. Also a check
ordered to be drawn and delivered to the City Attorney in the s~m o£ $~50.00 on account
of traveling and other expenses necessary to be incurred by the City Attorney and Associate
Counsel L H Boggs, ~o are hereby directed to proceed immediately to New York s~d to confer
with and assist Hornblower, ~iller & Garrison with said contemplated litigation.
City Clerk.
the meetir~ then a. djourned.