1966.05.27_TC_Minutes MINUTES: HIGHLAND BEACH TOWN COMMISSION SPECIAL MEETING MAY 27, 1966
9 :00 A. M.
A meeting called for the purpose of approving a bond anticipation note to refund out-
standing water bonds.
Commissioners Hackman, Noble and Johnson were present. Commissioners Bunn and
Jones were absent.
Commissioner Hackman read prepared Resolution #136 captioned:
A bond anticipation note resolution authorizing the issuance and sale of a bond
anticipation note in the principal amount of Forty -Nine Thousand Eight Dollars ($49,008.00) .
Commissioner Johnson moved that Resolution #136 be approved and passed.
Commissioner Noble seconded and all Commissioners present (Hackman, Noble and
Johnson) voted in the affirmative.
A copy of Resolution #136 and the bond anticipation note are included as Page 2 and 3 of
these minutes.
APPROVED:
CLEM HACKMAN, MAYOR
FRED BUNN, VICE MAYOR
HAROLD E. JOHlJ N, TOWN CLERK
MILDRED NOBLE, COMMISSIONER
G. ARTHUR JONES, COMMISSIONER
ATTEST:
,� TOWN CLERK
A 900 ANTICIPATION XOTZ RESO LUTION'
is
AMOIZIBO THE ISSUANCE AND BALLP OF
A ROD ANTICIPATION NOTE IN THE PRIM.
C AL MOUNT (' TY NM THMAND ti
, EIGHT DOLLARS ( a9 s .00 )
BE IT RUOLVID BY TO TOO C=a SSIOM OF THE TOWN OF HIGHLAND
BEACH, FLORIDA
1. That for the Palo" of refurAing outstmWing Water Buds
of t Tom of Highland Beach, Florida, the" is h erobRy sautherised to
be issued and sold a bid anticipation note of the Torte. ot:Righlozd
Leh in the principal aa*vwt of FORTY NINE TBOBBAND IGBT &Ad O0 /1€
Hollers x:49
Z. That said note shall be dated the _1st dad' of ,. � mom.,
A. b. 1966, bear iaurest-:F:at the -* of six per sent
.. 6 ) per Wa ma►, shall Beet a June 30, 1966
0 subj ect to
the right of prior rodemption as provided in said note, and principal
and interest era said nets shall be payable at maturity at the FIRST
NATIONAL Bile OF DELRAY BEACH, Delray Beach, Florida.
3. That the Treasurer is hereby anthorixod to sell at
private sale the bond anticipation notes herein authorised to be
issued.
4. That said bond anticipation note shall be signed by a
majority of the Toes. Commi ssioners anit shall have the seal of the Tom
ite"seed thereon and attested by the Tom Treasurer.
S. That the bond anticipation note beerein authorized to
be issued shall be issued is substantially the following forms
11-7 -7717
A.Tgr ce UNITED STATES OF AMERICA A ;7
STATE OF FLORIDA
COUNTY OF PALM BEACH
TOWN OF HIGHLAND BEACH
No. $ 49,008-00
BOND ANTICIPATION NOTE OF 1966
The Town of Hiland Beach, in the County of Palm $each Florida,
hereby acknowledges itself indebted and for value received promises to pay
to the bearer of this note the sum of rOITY NINE THOUSAND EIGHT and no7lOO
Dollars ($49,008.00) On the 30th day of June t 1966 9 together with
interest thereon from the date hereof at the rate of six
per contum ( 6%) per annum, payable at maturity.
Both principal of and interest on this note will be paid in
lawful money of the United States of America at First National Bank of
Delray Beach, Delray Beach, Florida
This note is redeemable at the Option of the Town at any time at
the price of par and accrued -interest; provided, however, that written notice
of such redemption shall have b*4A given to the paying agent designated above
at least ton (10) days prior to the date of redemption.
This note is the only note of an authorized issue of Forty Nine
Thousand Eight and no/100 Dollars ($49,00 and is issued pursuant to
..the provisi;ns of a resolution entitled: "A BOND ANTICIPATION NOTE RESOLUTION
"�'UTHOUZINO THE ISSUANCE AND SALE OF A BOND ANTICIPATION NOTE IN THE PRIM
)IPAL AMOUNT OF Forty Nine Thousand Eight and ao�100 DOLLARS ($49
the Town Commissioners of said Town on /` c7 Y Z 7 1966.
The faith and credit of the Town of Highland Beach are hereby
irrevocably pledged for the punctual payment of the principal of and interest
On this note according to its terms.
It is hereby certified and recited that all conditions, acts, and
things required by the Constitution and statutes of the State of Florida to
exist, to have happened and to have been performed precedent to and in the
issuance of this note, exist, have happened and have been performed, and
that this note, together with all other indebtedness of the Town, is within
every debt and other limitation proscribed by the Constitution and laws of
said State.
IN WITNESS WHYMMOF the Town of Highland Beach has caused this
note to be signed b -s To Commissioners and its corporate
y'd '%4 67'- of it Tow
seal to be hereunto affixed and attested by its Town Treasurer, and this
Note to be. dated as of the 31st day of May 1966.
(SEAL) P
Wyore -Co
Vowfi _C700mmissioner
B
Gon6issioner
4 j
4"
// / 1,r{ �i� �/ � yr r� ' � w ev �,ca i y77 `� S f e N
The =WorsiVAd horeby certifies that the above r"oluti+a
Is m #=ft avA tame copy ®f that Re alutian od at a almelal
Mott" or the Board of Teems Corm"# area or the 'fit of AU"
uaeh, nertda, an the dar Or .., ..�. A D. 1966.
T
(Tom Stal)