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HomeMy WebLinkAbout06061944and Satisfaction of Judgment hero, torero entered in the United States District Court for the Southern District of Florida under date of June 9, 1938 in behalf of New Kent Corporation, Plaintiff again~t the City of Seb~'~.stian, Defendant; that it is herewith found th~L~t the amount of said bonds and interest represente~ by the coupons mentioned and attached thereto, and the amount of ss~id Judgmen~ with interest thereon, all computed to Julyl, 1939, is the sum of $36,341'13 and as of said date of July l, 1939. Motion 'was made by Councilman Shaw and seconded by Councilman Smith that we adopt the resolution far the exchange of City Bonds as read by Attorney Mitchell. Motion was carried by the following v~e: A~ES: Middleton, Shaw, Smith, Tillis , and Hardee NAYS: None A motion was made by C~ncilman Smith that Mrs. Wm. L. Klender be appointed as City Clerk to fill the place made vacant by the resignation of Estelle L. Vickers, acting Clerk, motion was seconded by Councilman Tillis and carried. Reccomendation was made by Hayer Vickers that we secure the help of Ed Carter to help gather the proper data and fill form as requested by State Read Department of Florida on May 18, 1944. ~tion was made by Councilman Shaw that the meeting adjourn, seconded by Councilman Hardee and carried. REGULAR I~ETING JUNE 6, 1944 Eeeting was called to order by the President of the Council, J. R. ~iddle- ton, with the following members present: Mayor: E.W. Vickers Councilmen: Middle$on, Shaw, Tillis, Hardee, and Smith Clerk: .Estelle L. Vickers Minutes of the last regular meeting were read and approved as read. Minutes of the Special meetings of May 18th and May 31, 1944 were read and approved as ~or~ected. The following is a description of the contents found in Sa2ety Deposit Box #320 ren~ed by the City of Sebasti~ from Bank at Veto Beach, Florida: The Safety Deposit Box #320 rented by the City of Sebastian from the Indian River Citrus Bank at ~ero Beach was opened on May 25, 1944 ~y Thomas Steele. Those present when the box was opened are as follows: Attorney Chas. ~itchell Attorney Frank M. Harris Mr. W. L. Baynard of Baynard Bros. Mr. A. L. Sulliw~n, Cashier of the Bank Mr. J. R. Middleton, Pres. City Council, Sebastian Estelle L. Vickers, Clerk, City of Sebastian. Attorney Mitchell acSed as Clerk checking the contents of the box, with Mr. Mlddleton double checking. Contents were as follows: Refunding Bonds, Issue of 1939, No. R-6 to R-10, both inclusive and signed. No. R-11 to R-50, both inclusive and signed. No. 173 to 209, both inclusive and signed. Held by Attorney Harris: No. 15 to 40 inclusive, Municipal Electric Light & Ice Plan~ Bonds. The amount of this judgment including principal and interest as of July 1, 1939 is $8,284.25. NO. 15 to 40 inclusive represents $26,000.00 in principal amount. (One Electric Light Bond and two Street Improvement Bonds, Nos. 16 & 17 are mi ssing. ) The follov~ing Committees were appointed by the ~resident of the Council, J. R. Mlddleton: STREET AND ALLEY COMMITTEE Councilman Shaw, Chairman ' ill.4 Councilman Hardee " Tillls SANITARY CO~ITTEE Councllman Smith, Chairman " Hardee " Shaw LIGHT AND ICE COMMITTEE Councilman Tillls, Chairman " Hardee " Shaw The City Clerk was asked to make copies of the appointed Committees named above and furnish each member of the City Council and Mayor with said copies. Motion was made. by Councilman Shaw and seconded by Councilman Smith that Councilman Hardee be made Vice-President of City Council. Notion carried by the following vote: AYES: Mlddleton, Smlth,.~i~Shaw, and Tillis NAYS{ None A motion was made by Councilman Shaw and seceded by Councilman Hardee that the City of Sebastian issue no renewal or new sign permits from June l, 1944 to June l, 1945, and that check from Packer Displays, Inc. for the amount of $5,00 be returned to them. The motion was carried. Notion was made by Councilman Shaw and seconded by Councilman Smith that City Council of Sebastian accepts the Exchange of the Refunding Bonds made by President of the Council and City Clerk as stated herein as of June l, 1944: IT IS HEREBY CERTIFIED that the Indian River Citrus Bank of Vero Beach., Florida, acting as agent of.the City of Sebastian, Florida, has deliVered the following., described City of Sebastian, Florida., Refunding. Bonds, Issue.of 19S9, dated April l, 1939, in exchange for and upon .delivery and surrender to said ban~ of an equal principal smount of bonds o.f s~_~id City described below and evidence of interest accrued thereon to July. l, 1939, and releases of Judgments on some of 'eaid bonds and interest: Obll~atf'ons ~d~rendered 5% Light and ice Plant Bonds, dated September l, 1925, $1,000 each, Amount s 11 to 40 $50,000.00 i' Inte rest .AccrUed to July 1, 1939 6,341.13 Refunding Bonds Delivered in Exct~e$$~ Coupon Refunding Bonds each in the princSal sum of $1,000 numbered 173 to 208, both inclusive - $36,000.00 Registered Bond R-6 - 341.13 Total $36,341.13 $36,341.13 Of the Light and Ice Plant Bonds, dated September 1, 1925, and accrued interest ~o July 1, 1939, above described, the following bonds and interest are now represented, by a Judgment recovered by the. New Kent Corporation, a corporation, against the City of Sebastian, in the United States District Court, in and for the Southern District of Florida, Ft. Pierce, DiVision, and are properly identified'~in the release of the Judgment above referred to: Nos. 11 to. 14, inclusive, amounting to $4,000.00 Interest on bonds of said issue accrued $4,261.13 to July l, 1939 IT IS FURTHER CERTIFIED that the bonds and ~appu~tenan*t'~COupons so surrend- ered have been cancelled and have been dm~.vered, together with the said re- leases of Judgments, to the City Clerk of the City of Sebastdan, Florida. Dated the 1st day of June, 1944. The above dovument is outlined in .the Resolution shown on page 512 in the Minutes of May 31, 1944. The motion was carried unanimously. A motion was made by Councilman Hardee and seconded by Councilman Tillis that bill from the E. W. Vickers Insurance .Agency in the amount of $56.54 be paid. The motion was carried. A motion was made, seconded, and carried that the Resignal~ion of the City Clerk, Estelle L. Vlckers, be accepted as of June 8, 1944. Councilman Tillis moved that the meeting adjourn, seconded by Council- man Shaw, and the motion was carried, Council Pres. City Clerk SPECIAL MEETING 2UNE 16, 1944 The meeting was called to order by the President of the Council, J. R. Middleton, wi th the following members present: Mayor: E. W, Vickers Councilmen: Middleton, Shaw, Smith, Hardee, Tillls Clerk: Jeane Klender Attorney: Chas. Mitchell Guest: W.L. Baynard, Bond Representative, St. Petersburg, Fla. This being a special meeting the minutes of the l~st regular meeting were not read. A motion was made by Councilman Shaw that $3,638.89 be transferred from the General Fund to the Sinking Fund in order to comply with audit of 1944 made by George A. Cassatt. Motion was seconded by Councilman Tillls and carried unanimously. A mot ion was m~de by Councilman Shaw and seconded by Councilman Smith that the clerk transfer $2,090.00 to New York,'for paymlent~'of interest on July l, 1944 coupons. Motion was carried una'nimously. The special business of the meeting was a proposal b.y W. L. Baynard that he sell the City of Sebastian $3,004;85 in bonds, and the past due coupons of July l, 1939 Issue, for $500. A motion was made by CounciLman Shaw and seconded by Councilman Tillis that we accept ~r. Baynard's proposal as stated above. Motion was unanl- mo~ sly carrie d. ' Mr. Baynard then proposed that he purchase two city lots from the City of sebastian for $250 each, ~he lots being selected by the City Council. A motion was made by Councilman Shaw and seconded by Councilman ~m.i~h that we accept Mr. Baynard's second p~oposal as stated above. Motion was unanimou sly carrl ed. A motion was made by Councilman Smith and seconded by Councilman Shaw tha~ the clerk draw a check for $950 ~o John B. Green for the reevaluation of City property, and deposit the check with Attorney Mitchell until such a time as the work is completed. 5{orion was carried unanimously. A report by the Light and Ice Committee was presented to the Council as follows: UnneceSsary lights to be removed-- 1. In front of old Standard 0il Place. 2. At the Fields'place west of railroad tracks. ~. By East Coast Lumber Yard. Necessary lights to be placed-- 1. Corner of Main St. and Highway No. I by City Bar. 2. South side of Main St. on railroad property near crossing ~ replaced where one was knocked down. A motion was made by Councilman Tlllis and seconded by Councilman Hardee that the'report and suggestions be accepted as submitted. Motion was carried. The meeting was declared adjourned by order of the'President of the Council, J. R. Middleton. Council Pres. Cit~ Clerk