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470 <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 <br />11 <br />the same was unanimously adopted. <br />1 <br />I., <br />1 <br />I- <br />