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shown by Minute Book 1p page 42. Securities held by the County for the above deposits were as follows: This Board heretofore accepted the above notes and gave.the bank credit at their par value. e. The Sarasota County Bonds have been sold and the County realized $9;509.45 out of the same, leaving a balance due the County of $19, 891.63, of which amount 25% has been paid, leaving a balance now due from said bank in the sum.of $149918,73. The notes above referred to are in the possession of the Clerk of this Board and he advises us that the sum of $2p77,9950 has been paid on these notes; we are of the opinion that a greater part of the above notes can be collected. (2) 3AH11ERS BANTA AND TRMT CONFANY. We find that when the Farmers Bank & Trust. Company closed on Zanuary 27 1927, was on deposit to the credit of the County funds as follows: General Revenue '355.89 Fine and Forfeiture 7 3..54.1.2 Road -and Bridge '250o12 Agricultural 3, 409.4-2 Special Road & Bridge Dist, No. 4 Bonds 143"599.26 Total of This bank was last made a County depository on December 7; 1926; as appears of record in Minute Book 1, page 1019 for a part of the named deposits; to -wit: General Revenue Fund Road A Bridge =Fuhd Agricultural Fund Security in the sum of $65,000.004 was required and furnished to secure the above deposits, being Liberty Bonds $179000.000 and County Time Warrants $489*000.00. Since the closing of this bank, we are advised that the above security has been sold and the County credited with the proceeds together with the other payments made by the bank, leaving a balance now due of $51, 016.86. We are also informed that there was ,other security 3n the form of notes and mort- gages put up as security for the above funds by this bank, but since we understand that this Board and themars Bank„ successors of the Farmers Bank &„Trust Company, have Tarr made arrangements or agreements to the effect that the Farmers Bank will pay the balance due the County in full at the rate of $4000.00 per month. From standpoint of the Board we suggest the desirability of closing this balance by obtaining note or notes from bank, or certificates of deposit• We find that, upon examination' going back only three months.prior to the closing of thl bank that there had been transferred to this bank by John H. Atkin; then Chair- man of the Board, and Miles WarrenClerk $16;039.00 on Tanuary 10 1927, being a warrant as follows: STATE OF FLORIDA No r COUNTY WARRANT INDIAN RIVER COUNTY ' VERO BEACH, FLORIDA SAN. 10; 1927 PAY TO THE ORDER OF Farmers Bank & Trust Co. ' Sixteen Thousand Thirty -Nine & No/100 Dollars $169039.00 For Transfer to balance accounts I' PAYABLE AT FORT PIERCE BANS & TRUST CONPANY9, FORT PIERCE, FLORIDA. TO INDIAN RIVER COUNT' DEPOSITORY CEARG4 TO SPECIAL ROAD & BRIDGE DIST. 4 BOND FUND AUTHORIZED IN OPEN SESSION 1 1 1 Sarasota County Bonds $10 000*00 Notes and Mortgages as follows: ' Q. A. Braddo gk 11 000.00 X A. Braddock (Seco by Mtg o } 790000-00 BR . & Chas. W. Sembler 8 ' 675.00 Rosa B. Sloan 2t80000 Vlcker:-Brothers 2#500000 Arthur Sroegel ( Seca by Mtg. } '385.50 M. H. & P. H. MoBacbron 111000.00 Total This Board heretofore accepted the above notes and gave.the bank credit at their par value. e. The Sarasota County Bonds have been sold and the County realized $9;509.45 out of the same, leaving a balance due the County of $19, 891.63, of which amount 25% has been paid, leaving a balance now due from said bank in the sum.of $149918,73. The notes above referred to are in the possession of the Clerk of this Board and he advises us that the sum of $2p77,9950 has been paid on these notes; we are of the opinion that a greater part of the above notes can be collected. (2) 3AH11ERS BANTA AND TRMT CONFANY. We find that when the Farmers Bank & Trust. Company closed on Zanuary 27 1927, was on deposit to the credit of the County funds as follows: General Revenue '355.89 Fine and Forfeiture 7 3..54.1.2 Road -and Bridge '250o12 Agricultural 3, 409.4-2 Special Road & Bridge Dist, No. 4 Bonds 143"599.26 Total of This bank was last made a County depository on December 7; 1926; as appears of record in Minute Book 1, page 1019 for a part of the named deposits; to -wit: General Revenue Fund Road A Bridge =Fuhd Agricultural Fund Security in the sum of $65,000.004 was required and furnished to secure the above deposits, being Liberty Bonds $179000.000 and County Time Warrants $489*000.00. Since the closing of this bank, we are advised that the above security has been sold and the County credited with the proceeds together with the other payments made by the bank, leaving a balance now due of $51, 016.86. We are also informed that there was ,other security 3n the form of notes and mort- gages put up as security for the above funds by this bank, but since we understand that this Board and themars Bank„ successors of the Farmers Bank &„Trust Company, have Tarr made arrangements or agreements to the effect that the Farmers Bank will pay the balance due the County in full at the rate of $4000.00 per month. From standpoint of the Board we suggest the desirability of closing this balance by obtaining note or notes from bank, or certificates of deposit• We find that, upon examination' going back only three months.prior to the closing of thl bank that there had been transferred to this bank by John H. Atkin; then Chair- man of the Board, and Miles WarrenClerk $16;039.00 on Tanuary 10 1927, being a warrant as follows: STATE OF FLORIDA No r COUNTY WARRANT INDIAN RIVER COUNTY ' VERO BEACH, FLORIDA SAN. 10; 1927 PAY TO THE ORDER OF Farmers Bank & Trust Co. ' Sixteen Thousand Thirty -Nine & No/100 Dollars $169039.00 For Transfer to balance accounts I' PAYABLE AT FORT PIERCE BANS & TRUST CONPANY9, FORT PIERCE, FLORIDA. TO INDIAN RIVER COUNT' DEPOSITORY CEARG4 TO SPECIAL ROAD & BRIDGE DIST. 4 BOND FUND AUTHORIZED IN OPEN SESSION 1 1 1