030528-Bong Trustees Mtg MINUTES
CITY COMMISSION, SANFORD, FLORIDA, BOND ~USTEES MEETtNG M~CH ~ at -~ P M
19 2~
Meeting of the Board of Bond Trustees of the City of Sanford,
City Hall in the City of Sanford, Florida at 3 P M on March 5, 1928.
Present: E F Housholder, Chairman
Frank L Miller , Bond Trustee
George A DeCottes, City Attorney.
G H Cairns,
F S Lamson,
Absent: $ 0 .~hase,
Communication from the
Florida at the
"Board of Bond Trustees
City of Sanford
Sanford, Florida
Gentlemen:
City Manager.
City Clerk.
Bond Trustee
Sanford Atlantic National Bank, was read as follows:
~rch 3,
Sanford Atlantic National Bank , being accrued
I to March 2, 1928, be transferred by check
In accordance with Mr Geo. A DeCottes, letter to us of March 2nd. , we are today
crediting.,~. ~ your account with $203.077.00 being proceeds of sigh~ draft dated March 2, 1928
on ,,.~ght, ;~arlow & Company for $201,000.00 plus $2,077.00 acczued interest at the rate
of 6% per annum from January 1st, 1928 to date.
Very truly yours,
Linton E Allen
President.
City Clei submitted Revised Supplement No. I to Official Document A-2 showing
method of disbursing proceeds of $201,000 Refinancing Bonds of an issue of $261,000.00
which was approved.
It was unanimously ordered that $2,0yy.00 of the proceeds derived from the
sale of $205,000.00 City of Sanford, Florida 6% Refunding Bonds, on deposit in the Bond
Fund of the City of Sanford, Florida at the
interest on $201,000.00 at 6% from January
to the Interest Account.
The Clerk was directed to mail out checks delivered to him by the Hutton Con-
struction Company to list of creditors furnished by the Hutton Construction Company.
The Clerk was instructed that contemporaneously with the delivery of ~ty of
Sanford Check Nc.lO60 drawn on the Sanford Atlantic National Bank in the sum of
$1y9,224.60 to secure from the Sanford Atlantic National Bank, marked cancelled and paid,
Bond Trustees Warrants numbers 4190,~221, ~28~ and ~300
The Clerk submitted state~ nt received from the Atlantic National Bank of
Jacksonville, Florida, showing a bs.lance of Sy,6~Y.50 still remaining the Bond and Coupon
Redemption Account at the Atlantic National Bank of Jacksonville, Florida, this amoun~
~eprcsenti~4 Bonds and Interest Coupons due January l, 1928, which have not yet been
presented for redemption.
There being no further business, the meetir~ adjourned.
. . Chairman.
~lerk:
CITY COMMISSION, SANFORD, FLORIDA,
MINUTES
Adjourned Session ~arch 5th at ~ P ~
The Oity Commission of the City of Sanford, Florida met in adjourned session
at the City Hall in the City of Sanford, Florida at ~ P N. Narch 5, 1928
Present: Commissioner E F Housholder (Nayor)
" Frank L ~ille=
City"Attorney George A DeCottee.
City Nanager, George H Cairns
City Clerk F S Lamso~
Absent: Commissioner , S 0 Chase.
Nr Clarence Smith appeared before the City Commission and presented an assignment
of all moneys due or hereafter to become due him under his contract to renovate and re-
build the Old Fire Station located on Palmetto Ave. Said assignment being in favor of the
Sanford Atlantic National Bank, to whom he stated he wanted to deliver a copy of said
assignment, and requested the City to execute receipt of copy, advising the Sanford Atlantic
National bank , that the City of Sanford would pay all money that would accrue under the
said contract to the Sanford Atlantic Natioral Bank.
Thereupon, it was unanimously ordered that the Nayor and the City Clerk sign the re-
ceipt and acknowledgment as requested by Nr Smith, and the Clerk was instructed to deliver
the original assignment to the Ss~uford Atlantic National Bank.
City Clerk presented copy of proposed Planning and Zoning Ordinance as prepared
and recommended by the City Planning Commission and revised by the City Attorney.
Action on same was deferred until later.
It was unanimously orderd that the sum of $2,000.00 be appropriated from the
Contingent Fund and applied to the credit of the Contingent Litigation and Audit Account
and the City Clerk was instructed to have this amount set up on the books of the City as an
addition appropriation to the Contingent Litigation and Audit Account.
It was unanimously ordered that the sa~lary of Tax Collector, Ellen Hoy,be increased
to $2400.00 per annum, effective as of Narch l, 1928.
There being no further business the meeting adjourned.
Attest~_~
Gity Clerk.
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