Fort Walton Beach Resolution — 64-01-Contract for Sewer Bonds/Water Certificates — reading text

BARCUS, KINDRED & LJ. MUNICIPAL BONDS lIoveaber 21" 1963 231 S. LA SALLE ST. T e I ep h one Teletype RAndolph 6- CHICAGO 4 CG 240 Tor and Ci t7 Couno1laen 14o!lonorable" Cit1 of Fort Walton Beach, Plorida Gentlemen: I . aEllmw. w. understaDd that you are considering the issuance ot approxim 300, 000 ' Water Revenue Certificates and $ 194, 000 Sever Revenue Certificates, which Sever Revenue Certi.lcates were validated by the Clrcui t Court on Bovember 1961 but which have Dot ,. et been 801d 21.. or delivered. Ya have had extensive experience in assiating I1wUci- Bond pallt1es intinanciDg improvement projects bl meaDS ot Revenue I. sues in Florida and throughout the Uni ted States. In add1 t1on, ve ot are, through past experience" well acqustnted with the finances the 01 t7 ot Fort Walton B:e aeh and the econoJDica ot the 01 t7. Accordingly, we teel we are vell qualified to assist you in the sale of the aforementioned certificate issues. We hereby otter to act as lOur fiscal agents and br acceptance hereof, TOU agree to employ- us a8 fiscal agents, and the balance of this docuaent shall conatitute a con.trac t be tween the 01 tl and us. II . SERVICES TO BE PROVIDED A. Sever Revenue Certificates 1. We will prepare comprehensive prospectU8 contained detailed a intormation wi th regard to the bonda to be issued and the sewer syateaand make said prospectus available to loU and to all interested bidders. Thi- serv1ce i8 eBaential in connection 111 th the sale ot bonda or ' th1a Dature and w11l be designed to produoe the most tayorable Latereatrate ava1l- able 1n the market coulateat vith the facts coacel'niDg the aecur1tl and J.l8ture ot the taBue. 2. We will at JOur direction cause to have publ1ahed a not1ce ot 8ale adverti8ing the aale ot the certificates and we vill pay the coat of' 8a14 pub11cation. our expense aDd 3. \ J'e will have printed certificates prepared at make said certificates available to the proper Citl off1cials for execution. 4. 1ie will assist the c1 ty in the execution and delivery of the certl fi ca tea. B. Water Revenue Certificates and 1. We will suggest appropriate maturities, call features tiona other details ot the proposed issue and vill make sugge. to your attorne7 as to proper or41Dance provisions which w111 govern the issuance of the certificates. we vill prepare a comprehenaive 2. Upon adoption ot the ord1D& DCe., with regard to the prospectus conta1n1Dg detailed intormation available to you bonda to be issued and make 881d prospectus and to all interested bidder.. ! h18 aeritee 18 essential in and vill be connection v1 th the sale or bondS or this nature rate available designed to produce the Boat favorable interest concerniDg the in the market consistent with the .tacte security and nature 01' the iSBue.