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1 <br />1 <br />1 <br />z91 <br />tHUNSDAYt 3 AE't#Y 16th 19360 <br />Pursuant to duly adopted motion of adjournment of regular meeting of the Board of <br />County Commissioners held January 7, 1936, the Board of County Commissioners of Indian River <br />County, Florida met in an adjourned regular meeting of said Board at the Indian River County <br />Court House in 'Pero Beach, Floraa at the hour of 3,00 o'clock P. M., January 16, 1936. <br />The meeting was called to order by J. J. P. Hamilton, Chairman, and upon roll call <br />all members of the Board of County Commissioners, namely, Commissioners Helseth, Mudge, Poole, <br />Vickers and Hamilton answered present. Miles Warren, Clerk of the Circuit Coin=t and ex -officio <br />Clerk of the Board of County Commissioners, and Sheriff William W. Frick were also present. <br />A resolution authorising and providing for the issuance of general obligation bonds of the Coun <br />of Indian River in the aggregate principal amount of $45,500000 for the purpose of financing the <br />construction of a Court House in amd for Indian River County, Florida was proposed by Commission <br />-er E. P. Poole and read in full as followst <br />A RESOLUTION AUTHORIZING AND PROVIDING FOR THE ISSUANCE OF GERMRAL <br />OBLIGATION BONDS OF ME COUNTY OF INDIAN RIVER, FLORIDA, IN THE <br />AGGREGATE PRINCIPAL AMOUNT OF 0450500 FOR THE PURPOSE OF FINANCING <br />TEE CONSTRUCTION OF A COURT HOUSE IN AND FOR INDIAN RIVER COUBWO <br />FIORIDAO <br />W1ZRr.g, a Resolution was duly passed by the Board of County Commissioners of Indian River <br />County, Florida, November 14, 1935, determining the expediency of constructing a county court <br />Ihouse and providing for an election upon the issuance of $45,500 of general obligation bonds of <br />the County of Indian River, Florida,, for financing such construction, amd <br />WMIRRAS, an election was duly held upon the question of the issuance of said bends on <br />December 16, 19350 which election resulted in a majority of the freeholders of Indian River <br />County, who were qualified electors and residing in said county participating, and in a majority) <br />vote of those participating in favor of the issuance CC said bonds for said purpose; <br />M . �. r- * o f s i %' �. 111(1 . 'V� w �' ��� t. �� ' 1 7i�� ' : �' r a• .i. w '�' <br />Section 1. There shall be constructed a county court house -in and for the County <br />of Indian River, Florida,, as contemplated by the plans, specifications and maps therefor pre- <br />pared by W. H„ Garns & Son, consulting engineer, and now on file in the office of the Clerk of <br />said County. Said plans, specifications and maps referred to are hereby adopted and rade a part <br />of this Resolution as if fully copied herein. <br />Section 2. To provide for the payment of the cost, in excess of the grant to be <br />made to the County of Indian River, Florida, by the United States Goverment, of constructing <br />said county cQurt house as described in Section 1 hereof, there shall be issued general obli- <br />gation bonds of the County of, Indian River, Florida, in the aggregate principal amount of <br />$45,500 for the purpose of financing the construction of said court house. Said bonds shall be <br />dated September 1, -1935, numbered consecutively from one to forty six inclusive in order of <br />maturity, of the denomination of $1,,000,, except bond No. 1, which shall be of the denomination <br />of $500, shall <br />bear interest <br />at the <br />rate of four per <br />centum (4%) per <br />annum payable on March I <br />and September 1 <br />in each year, <br />first <br />interest payable <br />March 10 19369 <br />shell be payable at tha <br />Indian River Citrus Bank, Vero _$eaoh, Florida, or, at the option of the holder, at the Chemical <br />Bank & Trust. Company Bank in New York, N. Y., shall be redeemable at the option of the County <br />in inverse numerical order at par plus accrued interest on any interest payment date after <br />publication once each week for four consecutive weeks in a financial newspaper published in New' <br />York, N. Y., of notice of intention to redeem the bonds specified in said notice, first publi- <br />cation of such notice to "be not more than 64 days nor less than 30 days prior to the redemption <br />date, shall be registerable at the option of the Molder as to principal only, amd shall be <br />11serial coupon bonds maturing over a period of 19 years on September 1 in the years and amounts <br />as follows: <br />