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V EDIMBDAY , SEPTMEBER 23rd , 1932.
<br />The Board of County Commissioners in and for Indian River County, Florida, met at
<br />the Court House in Nero Beach, at 2:00 o'clock P.M.Tednesday, September 23rd 1932,
<br />special session, on call of the Chaii-man, with the following members of the Board
<br />present: Albert 0. Helseth, Chairman; J.D.Yongue; J.W.LaBruee; J.J.P.Hamilton and Eli C
<br />Talker. Also present were Miles Warren, Clerk and Clark 'S. Rice, Sheriff.
<br />The Chairman announced this special meeting was called for the purpose of approvin,
<br />the bond of Troy E. Moody, as Tax Collector, after having been appointed by the Gove
<br />for the un -expired term.
<br />Mr. Moody appeared before the Board and tendered a bond in the sum of $20,000.00
<br />executed by himself, as principal, and the National Surety Company, a corporation, as
<br />surety. After due consideration, Commissioner LdBftbejp introduced the following reso-
<br />lution, and moved its adoption, which was seconded by Commissioner Hamilton:
<br />'"REAS, Troy E. Moody has presented to this Board for approval his bond as Tax
<br />Collector in the sum of $200000.00, furnished by the National Surety Company; and,
<br />VMREAS, National Surety Company, under the terns of said bond, would not be li.ab]
<br />for loss sustained by reason of the failure of any bank in which Mr. Moody should place
<br />funds received by him; and,
<br />`OREdAS, it has been the practice in this County for the Tax Collector to deposit
<br />funds collected for taxes, and licenses in a Bank, prior to making distribution and pay-
<br />ing the same over to the County•Depositaryq and the Board assumes that qtr. Moody as Tax
<br />Collector will follow the same practice; and,
<br />VMI—EAS because of the limitation placed upon its liability in said Bond by the
<br />Surety, this Board is unwilling to unconditionally approve said Bond:
<br />THEREFORE BE IT RESOLVED: That the said Bond be and the some is hereby approved
<br />upon this condition; Namely; That said Troy E. Moody agrees and pledges himself not to
<br />make
<br />deposit of any funds received
<br />as such
<br />Tax
<br />Collector
<br />in any bank unless and until
<br />.such
<br />Bank secures such deposit 100
<br />per cent
<br />by
<br />deposit of
<br />U.S.Government Bonds with saic
<br />Troy E. Moody, and that said Troy E. Moody as such Tax Collector agrees that he will at
<br />any time when so requested furnish satisfactory evidence to this Board and to the
<br />Comptroller that such funds are so secured.
<br />Bond.
<br />Which resolution was unanimously adopted and a copy thereof attached to the said
<br />The Bond of Troy E. Moody, as Tax Collector, in the sum of $20,000.00 with The
<br />National Surety Company, a corporation, as surety Ras approved.
<br />The following agreement attached to the foregoing IresdJulUn was duly executed by
<br />said Troy E, Moody and mtda: helia.rt of these minutes:
<br />September 239 1932.
<br />To the Honr&iof eCWunty Commissioners
<br />Of Indian River County, Florida.
<br />I hereby agree to and accept the conditions set forth in the above resolution,
<br />upon which said bond is approved.
<br />Signed in duplicate, this 23rd day of Sept. 1932.
<br />Troy E. Moody, as Tax Collector,
<br />of Indian River County,Florida.
<br />The Board then adjourned until Tuesday, September 27th 1932 at 2:00 o'clock P.M.
<br />AT BT : Chairman
<br />Clerk.
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