HomeMy WebLinkAbout12/6/19271
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TUESDAY, DECEMBER 6th 1927.
The Board of County Commissioners in and for Indian River County, Florida, met at
the Court House, in Vero Beach, at 10 o'clock A.M.Tuesday, December 6th 19279 with the
following members of the Board present: John H. Atkin, Chairman; Geo.A.Braddock; J-7.
I.aBruce; J.J.P.Hamilton and O.O.Helseth.
Niles Marren, Clerk.
.Also present were JX.Knight, Sheriff and
The Minutes of the previous meeting were read and approved.
The Notary Public bond of Freeman L. Knight, in the sum of $500.00 with American
-surety Company of New York, a c-orporation, as surety was approved.
Request was made by representatives of the Florida Road Oiling Co., that the
contract heretofore entered kX into by that company and the County, be assigned to
A20.Greynolds of West 'Palm Beach. It was ordered that the request be taken under con-
sideration and action will be taken at the next meeting of the Board.
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V.T.Humiston appeared before the Board regarding paving Osceola Boulevard from
the present end of paving to where the Atlantic -Gulf Special Road & Bridge District
commences.
J.I,.Stinson, appeared before the Board respecting road from the F.E.C.]Ryg west to
his place. Commissioner I,aBruce agreed to meet the County Engineer and make some
definite arrangements about placingnthe road in proper condition.
E.G.Thatcher, 'Secretary of Chamber of Commerce, together with other citizens,
appeared before the Board and presented three petitions, numerously signed, requesting
maintenance and improvement of the Dixie Highway south of the City of Vero Beach.
Representatives of the Gulf Refining Company appeared before the Board regarding
purchase of
gasoline for
the County. It
was ordered that County Engineer work
out
g plan for
the purchase
of such gasoline
required for Road building and report
to this
B oard .
S.A.Rice appeared before the Board regarding Bridge on Clemons Ave, overthe canal
at the dyke line. It was ordered that the County Engineer build a bridge as soon as
he can conveniently get to this work.
Henry and .;Albert Schuman appeared before the Board regarding clearing of the right-
of-way on the peninsular north of the V'labasso Bridge, charging that the right-of-way
was not approximately 400 feet from the Ocean as provided in the petition for this road.
It was ordered that the County Engineer follow the petition and road committee
report as filed at January 1927 meeting of this Board, as near as possible.
Mrs. Georgia ,Ann Chambers appeared before Board regarding drainage of her property
and asked for proper culverts be put in for the necessary drainage. It was ordered
that Commissioner Hamilton and the County Engineer work out the proposition and put
the drianage in as good condition as before the road was constructed by her place.
Moved and seconded that the Board enter into a contract with the Gulf Refining
Company for gasoline to be 2¢ on the gallon under the wagon price. ,:Such contract to
run for one year from January 1st 1928.
Geo, 1. Branning representing the Farmers Bank of Vero Beach appeared before the
Board requesting to be designated as County Depository for the year 1928.
It was ordered that the Clerk write the Comptroller as to authority of Board to
designate depository at this time.
We, the undersigned Committee appointed by Honorable Body on the lst day of
November 1927, with instructions to view and mark out the best route for a public road,
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described in the petition as follows, to -wit:- Beginning at the Dixie Highway right-of-wa,
on the three quarter section line dividing the South-west 1/4 `Sec 10. Tp 32 'S.111.39 E., as
per design in this
petition.
Said road to
run east
to Indian River a
distance
of-
appro-
ximately One mile.
Eai.d road
right-of-way
to be not
less then Fifty
(50) feet
in
width,
beg leave to report to your honors as follows: That werg after first having subscribed
to the oath required by law before entering on our duties maker this out general report:
That we proceeded to the said proposed location of the said public road upon the
day of 1927, and viewed and marked out the following as the best route for ,said
proposed road. ( Said road is to be Fifty (50) feet wide) .
Beginning at the inter -section of the East right-of-way line of :State Road
number Four (4) and the North line of the South-west quarter of the South-east quarter,
Section Ten (10) Township Thirty-two (32) South, Range Thirty-nine (39) East. Thence E
to the Vest shore of the Indian River. The above described line being the center line of
right-of-way for the road.
Therefore, having performed the duties required by law under the appointment of your
honors, we pray to be discharged.
A.W.19oods
J .D .Edwards
D.L.leisher, Road Committee.
It was ordered that the above peport be accepted and filed, and notice given for
thirty days, after which, if no protest is filed, same will be declared a public County
road.
A.E.Sueverkruebbe appeared before the Board regarding road leading to his place.
It was ordered that Commissioner Helseth and the County Engineer look over the trouble
work the same out if possible.
Ordered that the County Engineer look into the matter of connecting the Old Dixie
Highway with State Road #4 at the overhead crossing South county line.
Ordered that bill of Taylor's Garage for $120.00 for storage on confiscated cars be
rejected and clerk instructed to write State Attorney to look after action necessary to
dispose of these cars.
Ordered that application of D.J.Boatright to be placed on pauper list be rejected.
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The several bills against the County, having been audited, were examined and found
correct were ordered approved, and warrants ordered issued in settlement of same. .Such
I bills and accounts being on file in the Clerk's office and made a part of these minutes.
The Couty Depositories filed their monthly statement showing receipts and disburse-
ments for the months of November, which having been audited were found to be correct.
Commissioner G.A.Braddock introduced and caused to be read in full the resolution
-next hereinafter set out entitled "Resolution providing for the issuance and delivery of
°409000.00 Refunding Bonds of Indian River County, Florida." It was moved by Commissioner
J.1U.LaBruce and seconded by Commissioner J.J.P.Hamilton that said resolution be adopted
and after due consideration the Chairman put the question on the motion and the roll
being called the following named Commissioners voted: Aye John H.Atkin, G..A.Braddock;
J.aT.LaBruce; O.O.Helseth and J.J.P.Hamilton. Nay: None. WHEREUPON the Chairman declared
the motion duly carried:
REMIUTIONO providing for the issuance
and delivery of $409000. Refunding Bonds
of Indian River County,. Florida.
WHEREAS, the County of Indian River, in the State of Florida, is a body corporate,
duly organized and existing under tka and by virtue of the laws and Constitution of the
State of Florida; and
AREAS, the Board of County Commissioners of said
County,, heretofore, pursuant to and
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in full compliance with the provisions of Chapter 10690 of the Acts of the Legislature
of Florida, regular Session 1925, did issue the time -.warrants of said County in the
principal amount of $509000, dated August 15, ',1925, numbered from 1 to 50 inclusive*of
the denomination of $19000. each, bearing interest atthe rate of seven per cent per
annum, payable semi-annually and maturing in numerical order $59000. on -August 15 of
each of the years 1926, to 1935 inclusive, of which, time warrants in the principal
amount of $10,000 have heretofore matured and have been paid, leaving now outstanding
and unpaid, time warrants in the principal amount of $40,000, constituting obligations
for the payment of -which the credit of said County is pledged; and
WHEREAS, by agreement with the holder and owner of the said indebtedness same is
to be, presented for retirement and refund and !said indebtedness is in such form and of
such character that it may be refunded by the lissuance of refunding bonds of said County
bearing a less rate of interest, in the manner provided, by House Bill Number 1309 of
the Acts of the legislature of Florida, regular session, 1927; and
MiEUM39 interest has been paid on said indebtedness promptly when due and none
of said indebtedness thus evidenced has ever been adjudicated to be invalid, and no
iigitation is pending or threatened involving the validity of any of said indebtedness
and there are no available funds to pay said indebtedness;
NOWt THEEEFORE, Be it and It is Hereby Re'bo�ved by the Board of County Commissioners
of Indian River County, in the State of Florida, as follows:
Section 1. That pursuant to and in conformity with the authority derived, as
referred to in the preamble of this resolution, there are hereby authorized to be issued
forty (40) negotiable Refunding Bonds of said County of the denomination of x'1,000
each, numbered consecutively from 1 to 40, both numbers included, to be dated for
convenience as of August 15, 1927, each bearing interest from and after the date there-
of until paid, at the rate of six per cent (6,%11) per annum, payable semi-annually on the
fiftbhnth days of February and August in each year, such interest to be evidenced by
negotiable coupons attached to each bond, both' principal and interest payable in lawful
money
of
the Enited
States of America at the
Chase National Bank,
in the
City of New
York,
New
York; that
such bonds be signed by
the Chairman of this
Board
of County
Commissioners, countersigned and attested by the Clerk thereof, and that the seal of
this Board be attached to each of said bonds as and for the corporate seal of said
County; that theminterest coupons thereto attached be signed by said Chairman and Clerk
by their respective fassimile signatures, and that said officials shall, by the execu-
tion of said bonds, adopt as and for their ownl proper signatures, their respective
facsimile signatures appearing upon said coupons; that said bonds become due and pay-
able in their numerical order and the order of maturity, as follows: $5,000 on Augusst
15 of each of the years 1928 to 1935 inclusive.
Section 2. That the bonds and coupons shall be in form and recitals substantially
as follows, to -wit:
NO.
(FOIM OF B OND )
UNITED STATES OF AMERICA
IT ATE OF FLORIDA -- COUNTY bF INDIAN RIVER.
REFUNDING BOND.
$19000.
KNOW ALL ME?T BY THESE PRE SENT Sa That the County of Indian River, in the State of
Florida, for value received, promises to pay to bearer One thousand dollars, ($1,000)
on the fifteenth day og August 19 ,with interest on said sum from the date hereof
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until paid at the rate of six per cent (6%) per annum, payable semi-annually on the fif-
teenth days of February and .August in each year, on presentation and surrender of the
interest coupons hereto attached as they severally become due. Both principal and
interest on this bond are payable in lawful money of the United States of America, at
the Chase National Bank, in the City of New York, New York, and for the prompt payment
of the principal and interest hereof then due, and for the levy of taxes sufficient
therefor, the full fe,ith, credit and revenues of said County are hereby irrevocably
pledged.
This bond is one of a series issued by the Board of County Commissioners of said
County pursuant to the provisisotis of House Bill number 1309 of the :Acts of the Legis-
lature of Florida, regular session 1927, and in conformity with resolutions of the
Board of County Commissioners of said County, duly passed, for the purpose of refunding
a like amount of the indebtedness of said County for the payment of which the credit of
said County has been pledged.
And it is hereby certified and recited that all acts, conditions and things requires
by the Constitution and laws of the State of Florida to be done precedent to and in the
issuance of this bond, and precedent to and in the issue of the indebtedness hereby
refunded, were and have been properly had, done and performed in regular and due form
and time as required by law; that the indebtedness hereby refunded was a valid, subsist-
ing and legal obligation of said County; that adequate provision has been made for the
payment of the orincipal and interest of this bond at maturity, and that the total
indebtedness of said County, including this bond, does not now, and did not at the time
of incurring the indebtedness hereby refunded, including said indebtedness, exceed any
constitutional or statutory limitations.
IN WITNESS QT ' OF, said County, by its Board of County Commissioners, has caused
this bond to be signed by the Chairman of the Board and countersigned and attested by the
Clerk thereof, with the seal of said Board as the corporate seal of said County attached,
and the coupons hereto attached to be signed by said Chairman and Clerk, by their fac-
simile signatures, and said officials, by the execution of this bond, do adopt as and fo3
their proper signatures their respective fac-simile signatures appearing on said coupons
all as of the fifteenth day of August, 1927.
Countersigned
and attested:
C Jerk,
Board of County Commissioners.
(FORK OF COUPON)
NO.
Dhai rman ,
Board of County Commissioners,
On the
fifteenth day
of
19
,Indian River County, Florida, will pay to
bearer
Dollars
(
) at the
Chase National Bank, New York, New York, for
interest due that date on the Refunding Bond of said County, dated August 15, 192791To.
Chairman ,
Board of County Commissioners.
Clerk,"
Board of County Commissioners.
Section 3. That said bonds be executed as herein provided, as soon after the pas
hereof as may be, and be thereupon delivered to the holder of the time warrants hereby
authorized to be refunded, in exchange therefor, and a like principal amount of said
time warrants shall be canceled simultaneously with the delivery of 'the bonds hereby
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authorized, it being the intention that by the issuance of the bonds hereby authorized
the indebtedness of said County shall at no moment of time be increased.
giction 4. In conformity with law, there shall be and there is hereby levied, and
there shall be collected each year, a tax upon all the taxable property of the County,
in addition to the levy authorized for other purposes, in sufficient sum to pay the
interest off, the bonds hereby authorized as and when the same becomes due, and also for
a sinking fund hereby created which shall be sufficient to discharge the principal of
said bonds at their maturity, and the moneys arising from such levies shall be used for
the payment of interest coupons and bonds and for no other purpose whatevver.
Section 5. All resolutions or parts of resolutions in conflict herewith be and the
same are hereby repibaled.
Passed and approved December 6, 1927.
On motion and vote the meeting adjourned.
ATTEST: Cha i rman.
CIe rk.
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