04-21-1931 - Regular � r
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MINUTES OF REGULAR MEETING OF THE TOWN COUNCIL
TOWN OF EDGEWATER, VOiUSIA COUNTY, FLORIDA, HELD
TUESDAY APRIL XL 21st A.D. 1931.
Meeting called to order at 7:30 P.M. by Ares .Paul
Van. Arman:
ROLL CALL: President Paul Van Arman, Present
Ald.H.A.Moore, Present �►
A1d.F.R.Renwick, Present
Ald.H.P.V ilkinson, Present
Ald. Ralph Adams, Absent.
Minutes of regular meeting held Tuesday April 14th
1931 were read and after correction of the second
paragraph of portion of minutes reading" Unfinished
Business" , the section referred to being corrected
to read: " Mr.Richards offered $402.50 each for the
seven Bonds or a total of $2,817.50" etc, the
minutes were adopted on motion of Ald.H.A.Moore ,
seconded by Ald.H.P .►`iilkinson, motion unanimously
carried.
Minutes of Special meeting held Tuesday April 14th
were read and adopted on motion by Ald.F.R.nenwick,
seconded by Ald.H.A.Moore , motion unanimously carrt d.
BITJB AND ACCOUNTS:
Clerk read the following bills:
W E Burnheimer, G 4.00 War No 905
W .A.Robinson , 5.00 906
J.J.Lofton 3.50 907
Motion by Ald.H.P .Wiikinson , seconded by Ald.
F.R.Renwick, that the above named bills be paid.
Motion unanimously carried.
NEW BUSINESS:
Pres.Van Arman, stated that in accordance
with the wish of the Council whom he consulted that it
had been agreed to accept. the seven bonds held by Jae
the Town, in full settlement of the bank deposit in the
Fideltiy bank,; and that the bonds had been sold , at a
net loss to the Town of $488. 14, which in the opinion
of the Council was less loss than would have occured
to hold the bonds for a possible rise in the market.
Aid.F.R.Renwick, made the following motion
That the Council , through its President, authroize tYe
Liquidator of the Fidelity Bank to make full settlement
of the Towns Account in the said Fideltiy Bank, by the
delivery to the Town, for such disposition as the Council
.night see fit , the seven City of Vero Beach Sanitation
and Improvement Bonds, having a present value of Two
- housand Eight hundred dollars , this action to release
and relieve the Fideltiy sank, through its Liquidator ,
at of any further obligations to the Town, insofar as
the money deposited therein by the Town , is concerned. s r _
Motion seconded by Ald. H.P .Wilkinson and unanimously
carried.
Motion F.R._•enwiek seconded by Ald.H .A.Moore
• to ad ourn. Carried.- /
/ ' TOWN CLERK. SIGNED �, ••l.v : .•'JITNC�L