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9/16/1929
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9/16/1929
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Meetings
Meeting Type
Regular Meeting
Document Type
Minutes
Meeting Date
09/16/1929
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LJ <br />1 <br />1 <br />L <br />It <br />f <br />M-1 <br />Miles Marren <br />Clerk Circuit Court <br />Ex-Offielo Clerk Board of Bohn R. Atkin <br />County Commissioners Chairman Board of .County Commissioners <br />'A <br />Deputy Clerk. <br />Endorsed on back Zan. 10's'1927; by Farmers Bank <br />(3) VERO BEACH BOX AND TRUST COIMPANY <br />We find that when the Fero Beach Bank-& frust Company closed on October 30; 1928, <br />there was on deposit to the credit of the County funds as follows; <br />General Revenue. <br />$683075 <br />Fine and Forfeiture <br />' 51.29 <br />Road and Bridge <br />12'555.76 <br />Mothers' Pension <br />691.70 <br />Agricultural <br />° - 93.61 <br />Interest and Sinking <br />21,553#76 <br />Special Road- & Bridge District <br />° <br />No. 1, ( Int* & Sinking fund ) <br />1, 502.59 <br />Special Road & Bridge District <br />Not 49 (Int. & Sinking fund ) <br />320402954 <br />Special Road & Brid a Districts <br />I <br />Roo 41 ( Bond .Fund <br />41; 575027 ' . <br />Time Warrant Fund <br />59 241.08 <br />Publi cf ty , Fund <br />'245 .79 <br />Vero Bridge District fund y <br />7 992.84 <br />Quay Bridge District fund <br />4.399.33 <br />Total of $128, 929.27 <br />This bank was last made a county depository on June 119 1928; as appears of record <br />in Minute Book 10' at page 165; for part of the above named deposits to -wit: <br />General Revenue Fund <br />1/3 Road and Bridge Fund <br />plothersO Pension Fund <br />Publicity Mind <br />* Interest and.Sinking Fund <br />Special Road and Bridge District No. 4 ( Into & Sinking fund <br />Bonds in the sum of $209000.00 were furnished to secure the above deposits, that <br />being the amount of security required by the Board, being Sarasota County Bonds in the <br />sum of $10,000.00 and hake Worth Bonds in the sum of $109000.00. Since the closing of <br />this bank the Sarasota bonds have been sold for $99-303.85 and the bank credited for the <br />amount; leaving due County from this bank $119;625.42. <br />The hake Worth bonds have not yet been sold. <br />About the time of the closing of the bank there was a list of notes hypothecated <br />by the bank to the Board of County Commissioners as additional security for funds held <br />on deposit as represented by a list of notes amounting to $1351-,164.87., Upon examinati <br />we find that these motes and mortgages have not, been endorsed or assigned to the County <br />by the bank and are now in the possession of the Receiver of this bank. The greater <br />part of these notes appear to be of li%tle value. However, a small portion of this <br />amount, we. are of the opinion, could be collected, These notes were all, with one <br />exception; past due at the time the list aforesaid was furnished the County and we are <br />of the opinion that their value does not exceed 10% of the total amount. <br />We find that, upon examination, going back three months prior to the closing of thi <br />e ° <br />bank that there -had been transferred to this bank by.John H. Atkin; then Chairman of the <br />Board, and Miles Marren, Clerk, $239500.00 in funds from other banks without any author -i' <br />ity shown from the minutes of the Board and'upon checks drawn other than the regular <br />County warrants, which checks are next herewith copied: <br />I <br />Vero Beach, Fla. Oct. 23$ 1928 No <br />63-294 <br />Transfer <br />FARMERS BANK OF' VERO BEACH <br />Vero Beach, Florida <br />Pay to the Order of Vero Beach Bank & !gust Company $5000.00 <br />Five Thousand dollars <br />ATTEST: SPECUL R & B DIST #4 (New Acct ) <br />
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