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<br />too TUESDAY. DECEMBER 17TH.. 1940.- -_
<br />The Board of County Commissioners of Indian River County met at the Court House in
<br />Vero Beach at 7:30 o'clock P. M., Tuesday, December 17th., 1940 in regular adjourned meeting
<br />with the following members of the Board present: C. S. Michael, Chairman, S. E. Glover, Frank
<br />C. Vickers and Albert 0. Helseth. absent: W. C. Graves, Jr. Also present were Wm. W. Frick,
<br />Sheriff, Chas. A. Mitchell, Attorney for the Board and Douglas Baker, Clerk.
<br />On motion made by Albert 0. Helseth, seconded by S. E. Glover and carried, Douglas
<br />Baker, Clerk was given permission to purchase two sections of Steel Roller Shelves for the
<br />Vault at approximate -'.cost of $147.00.
<br />adoption:
<br />RESOLUTION-TRANSTMING FONDS FROM KAMM BILL ACCOUNT TO I.&S. FUND,
<br />REFUNDING BONDS DUE ST, LUCIE COUNTY.
<br />Commissioner Albert 0. Helseth introduced the following Resolution and moved its
<br />WHEREAS, St. Lucie County, Florida,`has heretofore caused to be issued Road and
<br />Bridge Refunding Bonds bearing date of July 1, 1937, to be exchanged for outstanding funded in-
<br />debtedness of said St. Lucie County; and
<br />1HEREAS0 of such indebtedness this County is justly indebted to said St. Lucie County
<br />in the proportionate share which has heretofore been established and fixed on the records of
<br />the State Board of Administration, and for which proportionate share this Board has heretofore
<br />caused to be lodged with the.Honorable W. V. Knott, State Treasurer as County Treasurer ex
<br />officio, Road and Bridge Refunding Bonds bearing the same date, interest rates, and terms of
<br />payment as the Road and Bridge Refunding Bonds provided to be issued by St. Lucie County; and
<br />said'Honorable W. V. Knott has necessary instructions for the issuance of said bonds from time
<br />to time as the circumstances warrant; and
<br />V1IHEREAS, semi-annual interest coupons on said Road and Bridge Refunding Bonds of thin
<br />County will beoome due and payable JAN. 1, 1941, and it is the desire of this Board to make
<br />funds available for the payment of coupons maturing as set forth above, f rom such Refunding
<br />Bonds as are issued by the Honorable W. V. Knott under instructions heretofore furnished him;
<br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER
<br />COUNTY, FLORIDA, IN SESSION DULY ASSEMBLED:
<br />Section 1. That the State Board of Administration, Tallahassee, Florida, be, and it
<br />is hereby, instructed and directed to cause sufficient funds now, or hereafter, credited to the
<br />Kanner Bill Account for this Countyts indebtedness to St. Lucie County to be transferred from'
<br />said Kanner Bill Account to the Interest and Sinking Fund Account of said Refunding Bonds of
<br />this County issued to St. Lucie County, said transfer to be made in an amount which, after
<br />making due allowance for fundis now in said Interest and Sinking Fund Account of said Refunding
<br />Bonds, will be sufficient to provide for the payment of the coupons maturing as set forth in
<br />the preambles of this resolution from such of the Refunding Bonds of this County as have been
<br />or are hereafter issued by the said Honorable W. V. Knott under instructions heretofore given
<br />him.
<br />Section 2. That the Clerk of this Board be, and he is hereby, instructed and directed
<br />to -furnish certified copies of this resolution as follows: (a) Duplicates thereof to Honorable
<br />W. V. Knott, State Treasurer as County Treasurer ex officio, Tallahassee, Florida, which certi-
<br />fied copies will be the authority of the Honorable W. V. Knott and the State Board of Adminis=
<br />tration to do and perform all acts required to accomplish the purposes hereof; (b) One thereof
<br />to W. R. Lott, Clerk of the Board of County Commissioners of St. Lucie County, Florida, Ft,
<br />Pierce, Florida; (c) Duplicates thereof to R. E. Crummer & Company, Orlando, Florida.
<br />The Resolution was duly seconded by Commissioner Glover and upon being put to a vote
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<br />the same was unanimously adopted.
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