Fort Walton Beach Resolution — 55-04--Bond-Construction of Streets-300,000 — reading text

r r~ k(:' GUTTERS, RESOLUTION AUTHORIZING THE CONSTRUCTION OF STREETS, CURBS, IN THE CITY OF ' FORT WALTON BEACH AND STORM SEWERS AND SIDEWALKS THE ISSUANCE OF $ 300, 000. 00 BONDS AND PROVIDING FOR A SPECIAL OF THE ISSUANCE ELECTION TO BE HELD IN SAID CITY ON THE QUESTION OF SAID BONDS ON THE 3RD DAY OF MAY, 1955. D BY THE CITY COUNCIL OF FORT WALTON BEACH, FLORIDA: BE IT RESOL~ it is Section 1. That pursuant to the applicable statutes and widening, where applioable, hereby authorized the resurfacing of streets, and for the construotion of curbs, gutters, storm sewers and sidewalks appurtenant in the thers1:; o following des- oribed streets ~ n the City of Fort Wal~ onBeach, Florida: of Hollywood Boulevard to Okaloosa Bay Drive lying North Road, Elliott Road, Shore Drive, Okahatchee Circle, Choc- tawhatchee Road, Park Drive, Okahatchee Road, Hollywood Boulevard, Okaloosa Road, Bay Circle, Gardner Drive, Kepner Street, Road, Laurie Drive, StacyC1rcle, Ferry Avenue, Vine Pryor Drive. of- way, or other together with the acquisition of any lands, rights- personal, equipment or other purposes neoessary, property, real or in accordance appurtenant or incidental thereto substantially with the plans and specifications now 6n file in the office of the of Fort Walton Beach, Florida, together with the City Clerk, City cha nges or revis ions as sha 11 be deemed neces sary by this Council. Section 2. That in order to finance the cost of the construction of the improvement referred to in Section 1 hereof, there shall be issued Bonds of the Citv in an amount not exceeding Three Hundred Thousand Dollars ( t300, 000. 00). Said Bonds ~ hall bear shall interest at not exceeding five per cent ( 5%) per annum, thereof mature in not exceeding thirty ( 30) years from the date and part of the cost of said improvements shall be specially ass- benefited there- essed against the lands and real estate especially in exoess of the special benefits to said lands by, not however, and real estate. credit obligations All of the. said Bonds shall be full faith and however, that all collections of special of th~ City, provided, and used only assessments shall be irrevocably deposited in trust said Bonds, or for the payment of premimums of and interest on None of said Bonds ~ hall be issued, however, unless part thereof. the issuance thereof shall be approved by the qualified Electors who are freeholders in said City in the manner hereafter residing provided. Section 3. That a election shall be held in said City on special the 3rd day of May, 1955, between the hours of 7 0' clock s. m. and 7 o' clock p. m. At said election the following proposal shall be submitted to the qualified electors who are freeholders residing ins aid City: Three Shall the city of Fort Walton Beach issue not exceeding amount of Hundred Thousand Dollars ($ 300, 000. 00) principal of Bonds for the resurfacing end widening, where applioable, streets, and for the oonstruction of gutters, storm sewers and sidewalks and purposes appurtenant thereto, as provided in a the 14th day of March, resolution adopted by the City council on 1955, said Bonds to mature in not exceeding thirty ( 30) years,' 5%) per to bear interest at not exceeding five per centum ( annum and. part of the cost of said improvements to be specially ana real estate specially benefited assessed against the lands benefits to said thereby, not however, in excess of the special full faith lands and real estate, and all of said Bonds to be and credit obligations of said City~" Section 4. That not~ or said special electlo~ n. ll he published at least onoe in 8aoh of four sucessive weeks 1n the Plsyground News, the first publication to be not less than thirty ( 30) days prior to the date of said special eleotion. Said notice sht:Ltl consist of this resolution in full, together with the following statement at the beginning thereof: NOTICE IS HEREBY GIVEN that a special eleotion will be held on the 3rd day of May, 1955, in the City of Fort Walton Beach on the question of the issuance of Three Hundred Thousand Dollars ($ 300, 000. 00) Bonds for the resurfacing and widening where applicable, of streets, and for the construction of ourbs, gutters, storm sewers and side- walks appurtenant thereto, all in accordance with the resolution adopted by the City Council of said City on the 14th day of March, 1955, a copy of said resolution being published herewith in full as a part of this notice. sl O. K. Rodgers City Clerk Section 5. The books for registration of voters shall be continuously open, Sundays excepted, from March 17, 1955 to the 26th day of April 1955, at which date the registration books will be closed. Registration books will be open and located at: City of Fort. Walton Beaoh City Hall at First Street and Church Street." Section 6. That the polling places for the election shall be as follows: PRECINT NO. 1- AMERICAN LEGION HALL PRECINT NO. 2- LEON BISHoP' S GARAGE, BAY DRIVE PRECINT NO. 3- LIVELY MOTORS PRECINT NO. 4- CITY HALL Section 7. All freeholders who are registered electors residing wi thin corpora te 1im1 ts of the City of Fort Walton Beach, the 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 however, that any qualified freeholder ~ leotor who has f~iled to so register may be permitted to vote by presenting proper evidence thereof to the election officials. Section 8. The books for the registration of the electors and freeholders of the city of Fort Walton Beach shall be closed on the 26th day of April, 1955, and the Registration Officer shall thereupon, forewith, make up and certify a list of the names of all qualified electors appearing thereon who are determined to be freeholders residing in the City of Fort Walton Beach and who are determined to be qualified to vote in the election. Said list shall be certified by the proper registration officer having charge of the registration books for said election, snd he shall furnish certified copies thereof to the Inspectors and Clerk of of the election at every voting place in the City where balloting will take place in said election. In making up the list of the qualified voters, such investigation shall be made as will warrant the conclusion that all names appearing on said list are qualified to vote in said bond election, and that said list is a complete list of all voters who are qualified to participate in such election. Section 9. A copy of the certified list of the qualified elec.tors, who are freeholders residing in the 6ity of Fort Walton Beach entitled to participate in the eleotion shall be filed and pre- served among the records of the City of Fort Walton Beach. Section 10. In the event that the issuance of said bonds shall shall be approved by the qualified electors who are freeholders at said special election, then this Council shall proceed with the construotion of said improvements and the levy of special assessments for the part thereof to be specially assessed and. the issuance of said bonds in the manner provided by law. Adopted: Maroh 14# 1955 Attest: Approved: Thomas E. Brooks Ci ty Clerk g~.; l. ~