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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.