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CCMtg12-03-36R egtilar ~1 tl' t~Z ~3 ~4 Dec. 3rd. 1936 Council met in Regka.lar Session Dec. 3rd. 1936 at 8:Fm, Present, J.~oBistline, Pres.-B.S,Prosser-©.R.Frain-B.R.Gray- l~~ayor J,R.~~~enick. ~.~bsent Z.R,Pavae. ~~~'~inutes of Nov. 5th. 1936 read and adopted. ej better from ~'la. Bank at ~Yinte r Park read y foreign cheques for taxes at per. Fetter ~~E.F.Aouseholder stating he had prepared a ~~ ref. to bonds held by Seminole County .and I~ same be regularly passed at this meeting. ~.P, Lewis , kTax Coll. aski~: for salary agreeing to accept read from .~.tty. resolution with asked that the letter read from payment of X26®~4. ~y ~.oved by Era in, seconded by Gray and ,carried; that payment ~~ of back salary in the amount of ~2Fi.44 'oe allowed '~,P.Le~~is ,provided that he returns x'7.80 in taxes ~ and y~8.6'4, ~o:"e-~~r errors = iii his accounts, a total of~16.44 and agrees to acre' the said paymea.t of X26.44 as final payment in .full of all ~~i claims against the Town for past services ~ ~Ir ~~~Coune ilman P'rain offered the° following Resolution and moved ~71ts ,adoption, which motion was du~.y seconded by Councilman 'Pros ser• s~ , ^~ ;'HEREAS , Seminole County has agreed to accept from the Liquidator of the Zongwo od State Bank, four ~7aterworks ~,;~Bonds of the down of Zong+~oc~d, being ~tio's. 1314,15 ai^~. 16 ~."!in the denomination of ~1,00ES~. each, which were pledged by ~' ~s the said Longwo od Sta to Bank as collateral security to guar- ilantee the payment of the deposit of Count~~ funds in said j! bank in full satisfaction of all claims o f Seminole County ~nagainst the Lo ~-wood State Bank, said claims being for- the remaining balance of the deposit in the st-~m of 3,158.43 axd. ~iEREAS , at the time of the ac eeptanc e of said bond ~~there was interest due thereon in the sum ~of X240.00, which °~$ amount Y~ s been eollec tea and credited upon said remaining; 4 ~'~balance of deposits , leaving now due the County of Seminole, ~,sthe sum of X2,92-8.43 and ~'i ~~iEREA~S , the z o~rn of Bongwo od is ~.esirous of payi~ the County of Seminole the. balance due said County upon said ~~deposits , .and securing the release of said bonds to the 2'o~tn i~ o f L on gwo od ; an d ~, IEREAS, three of said bonds will not be due until ;;July 1, 1945 and one of said bonds will not be due until Sul; yl, 1950, and there is n.o satisfactory market for the sale of ~~,said bonds at this time.;- and °_ ~RF~ , it will b e to the mutual interest and wel- ;;fare of the ~oti~rn of Longwood and the County of Seminole to eagree -upon a plan of payment and redemption of said bonds by ~d the '~ o~~.n of Lorg wo a d. THEREFORE BE iT RESOLVED, that the Town of Longwood ~f; proposes and agrees to pay the balance of said deposits , to ~~it o X2,928.43 to the County of Seminole as folloyvs; ~ 1Z®3-3~ Regular ~. ~1,OOO. upon the acceptance of thin proposal by the County~V ~f Seminole. 'The said County of Seminole , at said time and 7!? aeon receipt of said. paynent, to surrender to the mo~~rn. of Long ~voo d two of said bonds , and t o pay the remaining balance of ~ ~.eposits by paying. the interest upom said remaining bonds whey the same comes due , said interest tp be credit~~ uppn the re- wining balances due to Seminole County and by paying to the county of Seminole from the first monies secured in the int~r€ r- and sinking. fund account of the ~oi~n f I~ongv~ood, all money s on hah d in said account at the end of~ach fiscal -.year until the entire balance due to the County of Seminole has .been ful;!. paid, at which time, the County. of Seminole will surrender to~~ the gown of Zongwood, the remaining bonds. [upon roll call the following, vote was z~ corded; For the Reso ~~ lotion. Four, against the Resolution, I~Ton,e. ~', c, 4' ~~oved by Prosser, seconded by Gray and carried; that the fol owing reports be accepted and filed.; the canvas sing board. reported the following were duly elected, ion Dec.-1st. 1935, having received the highest number of voted &~ayor, Geo.R.Bridge,Jr. , ~ounc ilmen, J.k..~vent-B.R.Gray-E.I,. ~~ xarris-S.S.Prosser-~`T.J.~~ells, Jr. Clerk-Treas.-~is~r., C.B.` u )Searcy- ia~ .Collector B.H.Sea.rcy. ~ p Tre a s . Bal. i~~~.~.Gen' 1 Fund as of 12 -1.x-36 Op . ~ 271.51 T S ~ 289.40 ~, F&F 209.60 f 0 334.32 Plant 1.57 X181 0 ,I q X121 date r-C ollcc Lions. Oct . X136.12 _ Delinquent Oet . 19::.44 S.B.ofH. ~inalysis X75 f'EYC~BEIT1~. . 'treas. report'©f Receipts -& Disbursments _~ater =~o~ks Oper- acing .~.ccount for fiscal year ending July 31st. :936. ~~ Moved by Gray, seconded by Frain ar_d carried; that the fo11- ~~~ owing .bills be paid. Gen 1 Fund. Celery Gity 1'tg. Co. Supplies 21.45 Iz.R.Fayne- ~i..0i1 1040 ~"lection Board, 4 ~ 2. ea. 8.00 Carter .Garb. Coll. 2.00 C.B.~eurcy- P~. Sal. Ci'A ~~C Bk Sa1 fo 30 •~Q 26.44 . r `~.P.Be~~is- Claim B.H.Searcy, Pt. Sal. ~~v 10.00 Postmaster- Stampa 3.00 F.P.S. Co. St.~ts. 30.25 Rall 1.50 31.75 S.B.~e1.Co. Fone 3.50 V~.~I.Bond Trustees-S~1~ Int. 310.00 F,.F.Hardy- Int. I~~ 60.00 507 54 id st - Y ~. ,, 12-3-36 kegular Fage ~3 s '~~a ~ z' ~~ 0 r:xs Oprg,. Transfer to G~.~'. B~~ ~ 50.00 C.B.Searcy-Bal.Supt. ~` Nor. 30.00 Tran spn o . 82 i?.B.Bkinner ~©- Supplies 7.14 Fla.l'.S .~Go.- Power 24.20 X112.16 -There be ing no further business. this bode nor stands adj to meet at 8 Pm. , January 7th.1937, the next regular meet. ';date.. a c ~ ~ Pres. Town Council. lovFm Clerk. a _ i _. I ~Q rII