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147
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<br />all County insurance,except as to County property in North end of County where insurance
<br />agents are located, be placed with said Board of Insurors.
<br />Mr. John Howard appeared before the Board and request that provision be made for
<br />his son, Harold Howard, in the Tuberculosis Sanatorium near Orlando, On motion. made by E.
<br />P. Poole, seconded by S. E. Glover and carried, this request was granted.
<br />Chas. A. Mitchell, attorney was instructed to prepare notice to advertise for bids
<br />on road oil in carload quanities or less.
<br />Frank A. Knight, Road Superintendent, reported that he had let the contract for
<br />dnd brushing
<br />grubbingjout the peninsular road from Riomar to the South County line, which is to be 10
<br />feet wide, to Otis Wright (Col.) at a contract price of $80.00 per acre.& $6.00 per mile,respl
<br />Application for license to sell intoxicating liquors, wines and beer, was filed
<br />by S. W. Walls, Vero Beach, which was carefully examined and after due consideration was
<br />r
<br />denied.
<br />Application for license to sell intoxicating liquors, wines and beer, was filed
<br />by Holly Jackson, Gifford, which was carefully examined and denied because of no exact lo-
<br />cation given on the application.
<br />R E S 0 L U T I 0 N.
<br />RESOLUTION AUTHORIZING THE ISSUANCE OF ROAD AND BRIDGE
<br />REFUNDING BONDS OF SPECIAL ROAD AND BRIDGE DISTRICT NO.
<br />49 IN INDIAN RIVER COUNTY, FLORIDA, FOR THE PURPOSE OF
<br />REFUNDING A LIKE AMOUNT OF LEGAL AND VALID OUTSTANDING
<br />BONDS OF SAID SPECIAL ROAD AND BRIDGE DISTRICT, AND INS
<br />TEREST THEREON, AND PROVIDING FOR THE MANNER OF ISSUANCE
<br />AND PAYMENT TM, EOF.
<br />The following resolution was introduced and read, and upon motion of Commissioner
<br />Poole, duly seconded by Commissioner Helseth, was adopted by the following vote:
<br />Ayes: Mudge, Glover, Helseth, Poole
<br />Nays: None
<br />Absent: Vickers
<br />Tot Voting: None
<br />a
<br />WBEREAS, the Board of County Commissioners, (hereinafter sometimes referred to as
<br />said "Board") of the County of'Indian River, (hereinafter sometimes referred to as said
<br />"County") State of Florida, as the governing authority of Special Road and Bridge District
<br />No. 4, (hereinafter sometimes referred to as said "District") in said County, a taxing dis-
<br />trict of said State, is authorized under and by virtue of the General Refunding Act of 1931,
<br />same being Chapter 159772, Laws of Florida, Acts of 1931, to issue bonds of said District
<br />for the purpose of refunding any or all outstanding bonded indebtedness of said District,
<br />whether the indebtedness to.be refunded has matured or is to mature hereafter; and
<br />AREAS, there have been heretofore duly authorized and issued by said Board, for
<br />and in behalf of said Districts negotiable coupon bonds of said District, for the purpose of
<br />constructing roads and bridges in said District, for which the full faith and credit of and
<br />a tax upon the entire taxable property within said District are pledged, said bonds having
<br />benn issued under and by virtue of the Constitution and statues of the State of Florida, in
<br />such case made and provided, in the following amount:
<br />Authorized Original
<br />Date of Issue Designation Amount of Issue
<br />July 1, 1925 Road and Bridge Bonds $ 4900000.00
<br />cud,
<br />WHEREAS, of said bonds there are now outstanding bonds in the denomination of
<br />$1,000.00 each, (hereinafter, together with unpaid interest accruals thereon, sometimes ident}
<br />ified as "bonds" or "bonded indebtedness".), which constitute legal and valid unpaid indebt-
<br />edness of said District, bearing interest at the rate of six per cent. (6f) per annum, pay-
<br />able semi-annually, indentified as to n hers, maturities, and amounts as follows:
<br />< e
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