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Authorizing Payment - Depositing of Spoilage - Indian River North - Beautifying Waterway - 11-13-1933 or- Sheet 2, Minutes of Special Mee tine of the Town Council , Town of Edgewater Volusia County , Florida, held Monday November 13th 1.L. 1933 R E S O L U T I O N A RESOLUTION AUTHO3IZING PAYMENT FOR DEPOSI'TI> 'G OF SPOILAGE ON CERTAIN AREAS OF THE INDIAN RIVER NORTH AND i3EAT1TIFYING THE CERTAIN WATER WAY WITHIN THE CORPORATE LIMITS OF THE TOWN OF EDGEWATER, VOLUSIA COUNTY, FLORIDA. WHEREAS, under Chapter 14051 of the Laws of Florida for the year 1931 , and incorporated City or Tov.'n in the ''tate of Florida., to improve and beautify water—ways , is thereby authorized and imoowered to issue and sell Time Warrants not to exceed the sum of five thousand dollars ($5000.00) , and, WHEREAS , in pursuing such net the said lown of ydgewa.ter, Volusia County, Florida, did enter into a contract with the Hill Dredging Corporation to make certain improvements on the Indian niver North, within the said corporate limits, and, WHEREAS, the said Town of Edgewater, Volusia County, Florida, is nor indebted to the Hill Dredging Corporation in the amount of five thousand thirty dollars 05030.00) for such improvements , and, WHEREAS, the said Hill Dredging Corporation in settlement of the debt has offered to accent a check in the amount of thirty dollars (: 30.00) and the assignment of one thousand dollars ( 1000.00) worth of tax sales certificates , now held and owned by the Town of Edgewater , Florida , and accept one Time "arrant in the amount of one thousand dollars 01000.00) due one year (1) year from date at the interest rate of five and one half per cent (5 4) per annum, and accept ten Time Warrants in the amount of one hundred dollars (100.00) each Continued on sheet 3 l 1 IN Sheet 3 , Minutes of Snecial Meeting of the Town Council , Town of Efgewat er,Volus is County, Florida , held Medtday November 13th 1933 . at the rate of five and one halt' per cent (5 ) per annum, falling due and payable two (2) years from date, and accent ten Time Warrants in the amount of one hundred dollars (4100.00) each at the rate of five and one half per cent (5 ) per annum falling due and payable three (3) years from date , and accet ten Time warrants in the amount of one hundred dollars ( 4100.00) each at the rate of five and one half per cent (5,' ) per annum falling due and payable tour (4) years from date , totaling an aggregate sum of five thousand thirty dollars 05030.00) , and, WHEREAS, in assigning the said tax sales certificates there is a Clerk' s fee attached thereto for such services , and, WHEREAS, it is to the best interest of the Toren at this time and in this transaction to waive such fee , and, WHEREAS, it is to the best interest of the To that the said obligation be settled and raid as outlined above, now tbere- tore , BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF EDGEWATER, VOLUSIA COUNTY, FLORIDA, Section 1. That the clerk of the $aid Torn is hereby author- ized to assign the value of one thousand dollars (41000.00) in tax certificates to the Hill Dredging Corporation as part payment of the improvement and beautification of the said water-1-ay. Section 2. That the Clerk is authorized and instructed to waive all fees thereon. section 3. That the Mayor and Clerk be authorized to issue Time Warrants in the following amounts: continued on sheet 4 I I 4 \iii) Sheet 4 , Minutes of Regular meeting of the Town Council , Town rf Edgewater, Volusia County, 'Florida , held Monday November 13111 1933 One time warrant in the amount of one thousand dollars ( $1000.00) due one (1) year from date at the interest rate of five and one hair per cent (5-4) per annum; ten time warrants in the amount of one hundred dollars 0100.00) each at the rate of five and one half per cent (5S) per annum, falling due and payable two (2) years from date; ten time warrants in the amount of one hundred dollars (i'100.00) each at the rate of five and one half per cent (5 ) per annum, falling due and payable tiree (3) years from date; ten time warrants in the amount of one hundred dollars ( alOO.CO) each at the rate of five and one half 99er cent (5 ?,) per annum, falling due and payable four (4) years from date, ava-.c2 .0a,mc 4,, cfs-.- e e ,c1,,,_a c-P�I a.nd attach thereto the corporate seal , as part payment of the said beautification and improvement on the said water- w ay, within the coroorEte limits of tl:e said Town. Section 4. That the Clerk and Mayor be authorized to issue a check in the amount of thirty dollars ($30.00) , being made Payable to the Hill Dredging Corporation. The b vedpnd foregoirr resolution was presented Council- man y 4X-1 (;uncv�L.� , seconded by Councilman , and unanimously passed by the Town Coun i of t . e Town of Edgewater , Volusia County , Florida, on the 13th day of November, A.D. , 1933 , the vote of the Torn Council being as follows: p ll _ / p Al ST: , � , Po *, uditor and Clerk set Aoproved by me this day of November , A.D. , 1933. Torn of Edgewater , Florida. c D3'x.D