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<br />ISS -9-
<br />The Clerk announced that in the issues of December 12, 1941, and December 19, 1941,
<br />of the Vero Beach Press -Journal there appeared a legal advertisement entitled "Notice of Bond
<br />Sale" covering $148,000 Indian River County Special Road and Bridge District No. 4 Road and
<br />Bridge Refunding Bonds, Series 1941, dated January 1, 19410 (like advertisement appeared in
<br />issue of December 15, 1941, of The Bond Buyer published in New York City) the notice having
<br />been in form set -forth in Section 4 of resolution of this Board adopted December 2, 19419 the
<br />schedule of maturities and amounts (which were left blank in the original resolution) being
<br />as follows
<br />Maturity
<br />(January 1) Amount
<br />1944
<br />201000
<br />1945
<br />140000
<br />1946
<br />109000
<br />1947
<br />109000
<br />1948
<br />10,000
<br />1949
<br />11-,000
<br />1950
<br />119000
<br />1951
<br />129000
<br />1952
<br />120000
<br />1953
<br />139000
<br />1954
<br />139000
<br />1955
<br />2 000"
<br />Total ..........................$148,000
<br />The Clerk then directed attention t o the fact that by resolution of this Board adopt
<br />ed December 2, 1941, provision has been made for using $45,000 of moneys to the credit of Indi
<br />River County Special Road and Bridge District No. 4_with the State Board of Administration,
<br />C
<br />Tallahassee, Florida, for the -purpose of retiring on or before January 1, 19429 $45,000 of
<br />Road and Bridge .Refunding Bonds dated January 1, 1937, of said Special Road and Bridge District
<br />No. 4; (which include Bond No. 361 for which no 1941 Series of bonds was provided)
<br />The Clerk further called attention to the following language appearing in the "Notice
<br />of Bond Sale":
<br />"No,bids will be considered except for the entire'amount offered
<br />for sale, but only such amount thereof shall be delivered as may
<br />be delivered in accordance with law".
<br />As e : re salt of the above, the Board announced that only $104,000 of bonds would be
<br />sold, the bonds not to be sold being $20,000 of the 1-1-44 maturity, $14,000 of the 1-1-45
<br />maturity, and $10,000 of the 1-1-46 maturity.
<br />It was then announced that the time for receiving bids having expired at 10:00 o'cloc
<br />any bids then on file would be opened. Thereupon said bids were opened and were in
<br />words and figures as follows:
<br />R. 3. CRUMMER & COMPANY
<br />(Incorporated)
<br />INVESTMENT SECURITIES
<br />ORLANDO, FLORIDA
<br />Office of the Vice President TUESDAY
<br />December 23, 1941.
<br />Honorable Board of County Commissioners `
<br />Indian River County
<br />Vero Beach, Florida
<br />Gentlemen:
<br />For the $148,000 Indian River County, Florida, Special Road and Bridge .District No. 4 Road and fJ
<br />Bridge Refunding Bonds, Series of 1941, as advertised in Notioes which appeared in the Vero
<br />Beach Press Journal on December 12, 1941, and on December 1.9, 1941, and as described therein,
<br />we will pay for said $1480000 par value of bonds, or for such portion thereof which may be
<br />delivered pursuant to said notices, par,and accrued interest to date of delivery, plus a pre-
<br />mium of $30.00 for each $1,000 principal amount of bonds delivered.
<br />Enclosed herewith is Cashier's Check on The First National Bank at Orlando, Florida, payable
<br />to you in the amount of $4,440.00, which is placed with you as a good faith deposit and'as a
<br />forfeit as liquidated damages in accordance with the terms of your published notices.
<br />In the event we are the successful bidder, you will please transmit this check to The First
<br />
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