Fort Walton Beach Council minutes — 07-25-1951 Special — reading text

MINUTES OF SPECIAL MEETING OF THE TOWN COt~ CIL HELD JULY 25, 1951 11 PRESENT : O. M. Earley, W. J. Roberts Jr., S. E. Lindsey, Theo Bass, John B. AmOS. i_'.. J~"'.. ABSENT: w. B. Meeting oalled Harbeson, to C. order at W. Pratt, 1: 30 P. W. M. C. Walker Attorney Amos presented the following Resolution whioh was read in full in open session, by the Clerkl - RESOLUTION RESOLUTION AUTHORIZING THE CONSTRUCTION OF STREETS, CURBS, BUTTERS AND STORM SEWERJI IN THE TOWN OF FORT WALTON . AND THE ISSUANCE: OF 40~ 0 BONDS . AND PROVIDING FOR A SPECIAL ELECTION TO BE HELD IN -SAID TOWN ON THE QUESTION OF THE IS~3UANCE OF SAID BONDS ON THE 28th DAY OF AUGUST 1951. BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF FORT WALTON, FLORIDA: Seotion 1. That pursuant to the applioable statutes it is hereby euthorized the oonstruction of streets, curbs, gutters and stor.m sewer. in the following desoribed streets in the Town ot Fort Walton: Fir~t Avenue, Brooks street, Bay Drive, Magnolia Street, Seoond street, Harbeson street, Germany street, Shell Street, I together with the aoquisition of any lands, rights- of- way, or other property, real or personal, equipment or other purposes ne- oessary appurtenant or inoidental thereto substantially in aocord- anoe with the plans and speoifioations prepared by Keenan & Asso- oiates, Engineers, and. now on file in the office of the Town Clerk, Town of Fort Walton, Florida, together with ohanges or revisions as shall be deemed neoessary by this Council. Section 2. That in order to finance, the oost ot the cons- truotion of the improvements referred to in Seotion 1 hereof, there shall be issued Bonds of the Town in an amount not exoeeding Four Hundred Thousand Dollars ($ 400, 000). Said bonds shall bear in- terest at, not exoeeding five per oent ( 5%) per annum, shall mature in not exoeeding thirty ( 30) years from the date thereof and part of the oost of said improvements shall be speoially assessed a- gainst the lands and real estate especially benefited theregy, not however, in exoess of the speoial benefits to said lands and real esta te. All of the said Bonds shall be fUll faith and credit obliga- tions the Town, provided, however, that all oolleotions of of speoial assessments shall be irrevooably deposited in trust and used only for the payment of premiums of and interest on said Bonds, I or part thereof, None of said Bonds shall be issued, however, un- less the issuanoe thereof shall be approved by the qualified electors who are freeholders residing in said Town in the manner hereafter provided. 12 Seotion 3. That a speoial eleotion shall be held in said Town onthe 28th day of Augnst, 1951, between the hours of sun- up and sun- down., At said e~ eo.tion the fOllowing proposal shall. be submitted to the qualified electors who are freeholders residing in said Town: Shall the Town of For~ Walton issue. not exceeding Four Hundred Thousand Dollars ($ 400, 000) Prinoipal amount of bonds for the construction of streets, curbs, gutters, and storm sewers and purposes appurtenant thereto as pro- vided ih a resolution adopted by the Town Council on the 25th day of July, 1951, said bonds to mature. in not exoeeding thirty ( 30) years, to bear interest at not ex- ceeding five per centum (~%) per annum and part of the cost of said improvements to be specially assessed against the lands and real estate specially benefited thereby, not however, in excess of the special benefits to said lands and real estate, and all of said bonds to be full faith and credit obligations of said Town." Section 4.That notice of said speciel election shall be published at least once in eaoh of four successive weeks in the Plafground News, the first publication to be not less than thirty 30) days prior to the date of said special election. Said notice , shall consiat of this resolution in full, together with the following statement at the beginning thereof: NOTIGE IS HEREBY GIVEN that a special election will be held on the 28th of day August, 1951, in the Town of Fort Walton on the question of the issuance of Four HUIldred Thousand Dollars 400, OPO) Bonds for the construction ot streets, curbs, gutters and stor.m sewers and purposes appurtenant thereto, all in aooord- ance with the resolution adopted by the Town Council of said Town J on the 25th day of JUly, 1951, a copy of said resolution being published herewith in full as 8 part of this Notice. s/ B.' F. McCpmbs Town Clerk Section 5. That the polling places for the election shall be as follows: Town Hell Building. Section 6. That the election officials shall be as follows: Mrs Martha Buck, Clerk; J. B. Harrelson, Harvey Gibson and W. R. Thompson, Inspectors; and W. C. stacy, Bailiff. Section 7. All freeholders who are registered electors residing within the corporate limits of the Town of Fort Walton, Okaloosa County, Florida, as shown by the general registration books thereof on the date of the closing of the registration books. shall be entitled to participate in said election. provided how- ever, that any qualified freeholder elector who has failed to so register may be per.mit ed to vote bypresenti~g proper eveidence thereO' to the election officials. Section. 8. The books for the registration of the electors and freeholders of the Town of Fort Walton shall be closed on the 11th day of August, 1951, and the Registration Officer shall there- upon, forthwith, make up and certify a list of the ngmes of all qualifiea electors appearing thereon who are determined to be free- holders residing in the Town of Fort Walton and who aredetermined