HomeMy WebLinkAboutO-76-03ORDINA
CHAPTE
AN ORDINANCE ESTABT
FUND AND. SETTING A~
BE IT ORDAINED. BY ~
SEBASTIAN, FLORIDA, as 'follows
1. A Sebastian Ce~
which will be administered bY
direction of the Sebastian Cit
2.. One-half of the
lots in the Sebastian Ceme~er~
Fund to be used solely for ca~
provide for the Plotting, acq~
and related costs incident in
for future sale.
3.: Funds in these
ployed in capital expansion sk
shall be invested in United Si
in certificates of deposit 'fu]
a federal 'savings and loan ass
sured deposits, ~thereby drawir
able. The income from the Tr~
operation, .care land maintenan¢
and in Sebastian .cemetery, Ag
purchase of such iceme~ery lot~
the Proceeds 'of Such sales fo~
stated.
4. This Ordinance
upon its passage.
ATTEST:
7 -5
R NO.
ISHING A CEMETERY TRUST
E.FFECTI~VE .DATE.
HE CITY COUNCIL OF THE CITY OF
etery Trust ~Fund is hereby established
the Sebastian City Clerk under the
y Council.
procesds from the sale of cemetery
shall be deposited into said Trust
ital expansion of the cemetery to
isition, watering system installation
)roviding additional, grave spaces
baStian Cemetery Trust Fund not em-
fall' not ~be used for any purpose, bUt
ates.~government ~bonds, or noteS, or
ly collateralized, or deposited in
.o'ciation or associations having in-
.g interest at ith.e highest irate obtain-
st Fund shall be'used solely in the
e,~ and for capital improvements of
a part 'of the consideration for the
, the'city~ obligates itself to use
no purpose other than as herein
shall becomeeffectiveimmediately
P. 'RU~ .cragg, ~y~r
I HEREBY CERTIFY that N.
foregoing Ordinance was. 'given
of the 'Florida Statutes, on Ma
Journal, a newspaper of genera
Sebastian, Florida; that '.said
City. Hall 'of the '.City of Sebas
on June 9, 19'76; tha.t said or~
(!
on second and final 'reading
of th.e .City of Sebastian on
itice of Public Hearing of the.
.n accordance With Chapter 166.041
f 2, 1976, in the Vero Beach Press
circulation in the .City of
public hearing was heid in the
~ian, Florida, at L7:30 o'clock P.M.
iinance passed on first reading on
976, and that said ordinance passed
was adopted by the 'City Council
City. Clerk