10/4/1938 - Laserfiche WebLink

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�8 R F S O L U T I 0 N Commissioner S. E. Glover introduced the following resolution and moved its adoption WHEREAS, The State Board of Administration has submitted certain.proposals of ipditi -uals, firms and corporations offering to sell to said Board of Administration certain bonds o Indian River County, and obligations assumed by said County, under the providions of House Bil No. 30, acts of the 1933 Legislature; and WHEREAS, after carefully considering all of,such proposals and taking into consider- ation the amount of funds available for that purpose, and the approximate value of said bonds and obligations, it is deemed advisable and expood sht to purchase and cancel certain of said bonds andr.obligations to -wit: Indian River County (St. Lucie) Road and Bridge 1,6% Bond, dated January 1, 19180 due July 1, 1932, at a price of $950.00 Net, No Past Due Coupons Attached, as designated offer ing "A" THEREFORE,, BE IT RESOLVED, by the Board of County Commissioners that the State Board of Administration be requested to purchase and cancel the securities listed above at the price quoted. The resolution was duly seconded by Commissioner Michael and upon being put to a vo the same was unanimously adopted.._ * * * * * * * * * * * * * * * * * * * * * Commissioner S. E. Glover introddeed the following resolution and moved its adoption: Whereas, there is a balance in -the Outstanding Indebtedness Fund of $3729.03, and not sufficient funds in the Road and Bridge land to meet current bills of said fund, funds under the control of this Board; and Whereas, due to the heavy demand that has been made upon the Road and Bridge Fund to meet current and extraordinary expenditures; and Whereas, the budget adopted by this Board for the year 1937-1938 with regard to said Outstanding Indebtedness Fund was as hereinafter set out and the payments from the unexpended balances thereof are as hereinafter set out, to -wit: Budget Amount Unexpended Amount` Expended Balance Reserveuncollected tax $1280.00 None $1280.00 Road and Bridge Bills 7835.00 $4946.63 2889.37 National Exhibit 450.00 450:00 None (over Fine and Forfeiture Bills 2500.00 2928.04 428.04 Expended,) That all Road and Bridge Bills approved and all Fine and Forfeiture Billa approved at the time of making of the budget aforesaid and as designated in said Outstanding Indebted- ness Fund have heretofore been paid in full, either from said Outstanding Indebtedness Fund or from other funds of said County; That therefore, the original debt in said Outstanding Indebtedness Fund for which said fund is legally responsible and liable has been retired and a surplus remains in said fund of said sum of $3729.03; Therefore, Be It Resolved, that the sum of $3000.00 be transferred from the Outstand 1 ing Indebtedness Fund to the Road and Bridge Fund, upon the approval of the State Comptroller, !' to assist in meeting the current and extraordinary expenses of the County. Upon being duly seconded the same was unanimously adopted. * * * * * * * * * * * * * * The County Depository filed its monthly statement, showing receipts and disbursements of the various funds which having been audited were found to be correct. The several bills and accounts against the County having been audited, were examined and found correct were approved and warrants ordered issued in settlement of same, such bills and accounts being on file in the office of the Clerk of the Circuit Court. The warrants iss- ued from the respective funds being listed in the supplemental minute book as required by the rules and practice of the State Auditing Department, reference to said record and the list so recorded being made a part of these minutes. There.being no further business on motion made, seconded and carried the Board adjourned to meet at 9:30 o'clock A. M. Wednesday, October„12, 1938. ATTEST: 1 1'.