1966.06.20_TC_Minutes i
MINUTES: HIGHLAND BEACH TOWN COMMISSION SPECIAL MEETING JUNE 20, 1966
10 :00 A. M.
1
A meeting called for the purpose of investing money received from the sale of bonds
for construction and improvement of the Water Treatment Plant.
Commissioners Hackman, Bunn and Noble were present. Commissioners Johnson and
Jones were absent.
After a general discussion, Mayor Hackman recommended that Vice Mayor Frederick
Bunn, Finance Committee Chairman, be authorized to purchase $230,000.00 of
Federal Home Loan Bond Notes in various maturities from September 1966 to April 1967
through the office of Walston Investment Company and that Resolution #139 confirming
this authority be approved and passed. Commissioner Noble seconded the recommen-
dation and all Commissioners present (Hackman, Bunn and Noble) voted in the affirma-
tive. Resolution #139 is included in these minutes on Page 2.
It was suggested and agreed that copies of all final papers pertaining to the bond
issue should be included in the minutes as Exhibit A, B, C, D, E, F, and G.
Meeting adjourned 11:00 A. M.
APPROVED:
CLE M HA MAN, MAYOR
u
FRED BUNN, VICE MAYOR
HAROLD E. JOHNSON, TOWN CLERK
J
MILDRED NOBLE, COMMISSIONER
G. ARTHUR JONES, COMMISSIONER
ATTEST:
TOWN CLERK
1
RESOLUTION NO.
A RESOLUTION AWARDING.$269,,000 rxENERAL OBLIGATION
WATER BONDS AND $31,000 TOWN HIALL BONDS OF THE
TOWN OF HIGHLAND BEACH., FLORIDA, AND DESIGNATING
THE PAYING AGENT THEREFOR.
WHEREAS, the Town of H1,ghland Beach h-is by resolution duly
adopted authorized the issuance and sale ol[' $269,000 principal amount of
General Obligation Water Bonds, and $'31,,000 pr,11-ncipal amount of Town Hall
Bonds; and
WHEREAS, a proposal has been submitted by Goodbody & Co. to
purchase all of said Bonds at a price of 97.2'7% of the par value thereof,
now therefore
BE IT RESOLVED BY THE TOWN COMMISSION OF THE TOWN OF HIGHLAND
BEACH., FLORIDA., AS FOLLOWS.
Section 1. That said Bonds sha.1-1. b,e and they are awarded and
ild to Goodbody & Co. in accordance with - ', - .he bid heretofore submitted
r said Company for the purchase price designated in the preambles hereof.
S.-.1
Section 2. That said Bons shall hear interest at the rate of
four and 'one -half per centum (4 1/2%) per annum.
Section 3. That said Bonc1s shn.11 be payable as to both prin-
cipal and interest at the First National Bank ol" Delray Beach, Delray
Beach,, Florida.
Section 4. That this resolution shall take effect immediately.
- Town - CUP fission
I Fq
ATTEST: Iss Alp_r
Treasuref
DATED June 17, 1966
Z ,
rLE30LUTION (I'SSOCl21ION OR OT117'.� NON-COR:'O1R!T O_iGSNIZI!TION)
BE IT RESOLVED TH1T Frederick H. Bunn, Vice -Ma or Chairman Einance Comm.
(Name and Title of Officor)
is hereby authorized to sell, assign and endorse for transfer, certificates
representing stocks bonds, or other securities now registered or hereafter
registered in the name of this TOWN OF HIGHLAND BEACH FLORIDA
(Type of Organization)
I, Clem Frank Hackman, Mayor
(Name and Title of Officer)
of — TOWN Or HIGHLAND BEACH, FLORIDA
ame of Organization)
hereby certify that the foregoing is a true copy of a resolution duly adop-
ted by the Town Commission of TOWN OF HIGHLAND BEACH. rLoRiDA
tName of Governing Body of the Organization)
of saidTMW ap HTr.HTANn nmem at a meeting duly held the 20th
day of June 1 1966 , at which a quorum wps present and voting
and thrat the same has not been repealed or amended and remains in full force
and effect and does not conflict with the CHARTER
WON OF HIGHLAND BEACH
0" (Name of Document under which Organization is Operating)
of said TOWN OF HIGHLAND BEACH, FLORIDA
(Nnme of Qrga=Uon)
(,S L
Date June 20, 1966
If no seal, certify that there is no seal)'
Secretary
(Must not be signed by
Subscribed and Sworn to Before Me officer authorized to act)
This 1_4 day of 19 4 NOTARY PUBLIC STATE of FLORIDA at LAWW
MY COMMISSION EXPIRES JUL 2% 190
- it
/ 2 0NO&D THROUGH FRFP W. J0jZSTjgL"
L
N otary Public
(Lffix Seal)
MWATUM AND NO-LITIGATION CIRTUICAIT
1 66 We horeby eertl* 'that ve did on ttw 17 day ar June
9 Officially a n the tDIUVIM 4040riUd obligat1wis *r the Town
of 1115hland Beach Ph
Geroral. minati
ObI4 Water Dows, dated November
4 196% in ttw denon a 41, each
boating Interest at the rate *f ftur , , i nd 6'na
half per Conk um (4 1/2%) w annum (Payabie
PAY I and Movowbor I In each year) and waturing
serially on may 4. or ofteh your as koilows
agwIt. lar. AW lun t
6 8,*000 1?97 rj 0 000
000 9 41P*000
7Z
1 9 1:5.* 000
199 90000 1 * 000
19' 10000 1981 00 0
7.000 AI
S 000
1973 11, 198 9,
1= 20 000
.19T5 ui.. 00 19185 22
1976 12
19
IV 9 1:47
TO 00
being 'at the date Of SUQh SUM114 alnd Or. thif date the d-uly chosen, q
znA acting officers 041thorized to 6X*cUt* said abligatione as InAleated by
the arricial titus *PP*&%1t* our signatures twrounder,
WO fUtth4V cOrtity that no eontrovorq or litigation of any uature
Is now Pet4i or ttwe-atoned (olutor in state or ftderal Courts) rostraln-
U4 or eaj*ftwg U* Issuance. OX&RUtiOn Or delivery off' Said obligatloos
or the IOVY O c0110QUOU of taxos to PaW tk* interest and prir4cival or
es jUS a
In aiW warmer qUestionj the pr a t it
ll f or the isn
abli 34 tins directly *T irdiroat4 the valldsity ua ce of t1w
of said OT a
obligations, or of atW provislons mud* or authalzed for t,"101-r P
the vorpwate 0XIStenae bo rl Undaea or UXUkS power$ of said MU210
or the title of the Wevent offteers or any at them to their respective
*MC04 arA that lions of the prwee4ings or authority for Um Issuance *f
081d ObliSRU040 M8 b"a VQPSa1*4. revoJmd *r resoinded.
We turth*t Cart Ify that the somi-annual Intereot coupons w
November 1. 1966 and sest-eanual4 theroafter an Ray 1 a�-44 November I *f
ea-th Year at e. to Said oblUations wt. vroper4 executed the raceilalle
sianatur* *0 said COUP*nS or the Undersigned WeAsurer *;r thelown of
vuhlarA besvh Vl*rida who hereby adopts
We further eertify that the soal which lie
be*n 1W98404 Upon all of said obi bons -and
(Affix oeaj here) uporl Uds eertirloate Is the legally adopted
proper and only orficial aor ratv soul of wa4d
Touxi of HUh"nd Beaeh Florida.
Witr1*84 Our hWAS and said corporate seal
tjW 17 d1W or June , 1966 .
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X"ar-Cawdos loner 1968
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I signatures the oftIMS *t the
Towo of ftghlarA twach r1wida wtdeh true and Somdne
am that I xnow said offteers and JA the offloes
matte ttwir name,
_of the First National
tT *r Orr l cow
bank o Delra Beach
Ubose Now co" went 3a the
The Chase Manhattan Banic
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Trust Officer. First National
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