CCMtg02-04-37C
•~~~ % '
rage „~1
Regular
Feb. 4th, 1°3'7
;~1
~~
~~
~4
Courcil met i_n Regular Session? reb, 4th, 193'7 at 8;Bm.
Rreser_t, ~,L.Harris, Pr°es,-IY1a~ror G. H,Bri dge-Co~uncilr~~en,
S.S,Yross~ermB.R,Gray-J, H.~.ventm~',„ J.'~3ells.
Mayor Bridge required i~r. ~l}I.J.T~ells to take and subscribe
to ar_ oath to faithfully discharge the duties of alderman,
or Councilman. IF~tr. ;~aells having been absent from the orgar_-
ization meeting held on Jan, '7th, 1937.
Tdinutes of Regular. Session of Jan. '7th. 1937 were read and
adopted.
Communication from Mate Ghamber• of Com~r..erce read rec_uestin
he Town to subscribe a sustaining appropriation.
Com~riunication read from municipal F~.x~.n~e Officers 1?ssn. of
hicago soliciting membership,
T~Iayor Bridge suggested the Cot3~ci1 give considerati on to the k$
.after 'of joining the Mate Chamber• of Gomr~er-ce and also joinll
ng the League of Municipalities stating that the 1oti~r! needed
he cooperation of the latter organization very much.
C~'he ~~ayor asked that immediate cor_sideration be given to ''
nviting the Seminole Cham'oer of Commerce to hold or_e of the 3.i'
egular rnor_thly meetings at Longwood as suggested to him by
r. Bagu'~e11, Secretary of the coi~n~~ organization. c
~~ ~~~I i~ioved by Gray, seconded by Rrosser and carried; that, or_e ~~,
additional street light be installed at the intersection of ~I
~~hurch fit. & ;~Tilma ave. , same to be eighty C,P•\
r '~~
e
~6 ~~ General discussion follovaed of the ;~~ayor suggestion to pa?ntl~i
„the exterior of the Town riall and to clears, renovate and pair~i
u'the north room, The f oll ovring ger_tlemen agreed to contribute
;;one gallon of paint for pair~~ing the exterior; TvTr. ~rdige,
~!Tiir, wells, T~Ir--. Uray, The Clerk Was instructed to v.~rite 1!~'r.
-'F.~!.~night of St,tetersburg requesting a donation, he having
;offered ire the fall of last near to contibute,
;~7 ~~ NToved by Dray, seconded by Prosser and. carried; that the Gle
;be instructed to ~rrite the League of i~~lunicipalities and stake
;present populatior_ and er_deavor• to get er_trar_ce fee deduced
,f"'r•om X70. QO
#~ ~~
~~
~~
The. Chairman appointed T}iir, ~rrells a committee of one to a
investigate high~Ja~.T signs and directior_ sign at intersectio?~
~ f E.I,ake Ave . and I~Io lr~ar Ave .
P~io~Ted by Avent, seconded Gray and carried; that the SeYr:inole'
CoU.nty Chamber of G®mmerce be invited to hold their _ne~.t r~ ~ ~';.
~k
rage ;-
~-4-3'7 ~~egular
~l
Co1;~ncilman went offered the follo~~ring Resolution and moved
its adoption; ~'
L:;
~;~Thel~eas ; Ei~
i~a
~1t the time of the closing of the Longy~,rocd
State Bank, the 1o~n of Longwood n.ad on deposit therein the
sum of X379®96 allocated as follOV+ls;~TVater ~`iorks Operating Afc
340.47, T~iater tNorks Blant ~1~c X6.59 Genal Fund A~c X32®90
s evidenced by claims filed with Liquidator on I~fay 19th, 193.
T'ne Board of seater Works tend l~rustees cash balance in the ~~
inking find in said bank eras X1,977.89 and the said Bond Tru!~'
tees also filed a repot t~rith the Council stating they held
h_~ee s~Tater 'u~~orks bonds of the first maturit~r in said sinking
und. and ~~
V~hereas; - ~
fln Sep, 23rd. 1925 the lovvn Council I
lected three Band 1ru~tPes, J®.E.~'~~lalker, G. U. Stuart, B. J. ~~
ver street® to '_nandle the interest and sinl~ing find a%c of the
ester if~orks Bond Issue as evidenced by the minutes of the Tows
o~~neil® G.U.Stu~.rt resigned on Jan® 7t:ci. 1926,. and F°°.C.Slade
a~ eluted by lozan Council to s~icceed IvGr. Stuart. J®.~.-V~alke?~
as re111O Ved by death on De c ~ 6th.. ~ 1929, and on Jane ~nd® 1930
he '1oT~.~Coui~cil elected ,~.IvF,~te~:~art tQ succeed I~~r. ~Pdall~er®
r® ~te5rvart refused to serve, and on NIay 6tha 193J the I`own
ouncil elected C.~'1.Entzminger to succeed i1~1rm s~ialker. I~rir. Ent;
anger refused to serve and t.Cle ~T0v~1 Cou~~cil on Dec® 4th, 1931
lected CAB.Searcy a Bond Trustee. Before acr~epting the posit:
r. .Searcy as?~ed that he be allowed to investigate the Bond.
rustee account. The investigation disclosed t'nat the~tl~~ee
ester ~uorks bonds reputed to be held in the sinking fund had
een removed by the Bond `Trustees and placed with the State
or1ptro1ler at 1a11ahassee as Secaar~ty for School ,~unds dep-
sited in:.;:the Lon,gt.~ro~d State Bank. IVir, Searcy reported to the
ov~ln Council that under the circumstances he refused to serve,
s Bond '~-'rustee, and'
:on
usjhereas;
Toum. 1'.tto?°ney L.FPBoyle in Janua2~,y
1934 filed proof ~of' elaim with the Liquidator of the Longwood
State dank for the three said bonds held bar the sa.i~ State i
Comptroller, (the same being the rightful property of the To"vV71
of Longwood) and demanded retu.~n of the bonds. the Liquidator,
of .the Long~u~rood Stag Ban'_~ agreed to atter~~.~t recovery of said
three bends provided the Bind Trustees ~r~;ould .surrender (heir P
prefer red claim of :1, 977.89 and in lieu thereof accept a co-
mon claim of X1,000®00 'The 1o,n,~n Council by Resolution on De~'®
17th. 1934 authori?ed the fond Trustees to eXec3ate proper rel""~-
ease of all claims against said Liq~zidator except a cn:~;~:~ngn c ~?ai T!1
of y~'1,00~Ja00 the said release to be gi ven to the Liquidator g'
upon delivery of the thee' said bonds to the Band T- ustees and
by them to be delivered to the 1r-easurer of the 1~ov~n of Longwood,
and ~f.
~s~hereas a GIs
ia,
Th.e said three Bonds, No's 1o2~g~ .were'
~I:
duly received by the said Treasurer on Jars 16th 1935, ~rrith !~
fifteen interest co?ipons attached thereto ar_d ,oo-ch bands and i%
interest ~'oupons were cancelled ~ hb
.Page. r=~
x!10 Ctd. .end ~fhereas;
~ rr
~t In T;~~arch 1935 a 10 a dividend vas de cl f'
. shared on the ~ep~sits .. o.~~~ the Long~r~ood Mate Bank vrhi ch red~ac~!i
'~~the Tov~ms frozen balances as follows; ~~
~~.j~~Iks. Oprg a/c 30.4`7 j1~J..9~~~ks, Plant a/c 6.59 ~I
~' 34.05 .66 ~u,
x¢306,42 X5.93 PI
Bond trustees Sinl-_ing Fund a/c 1,000.QO ;,
g, __ 100 , 00
~~ ~ 9J0.00 Gen' 1 Fund a/C 32 a 90r,
~;,~ -
3.29'
i~~ - ~29.61'~
~~ ,Leaving balances as follows; Bond 'trustees ~ 900.00
Town. of I,. 341.96
jl~ P, Total - ~ ~ ~~li~ ~ ~I
jy end-~l~hereas,
iii! t~mong the assessts of the Longwood, at a`
„Ban_1~ wee e Town of Lon Jvo od ~~uater uVorks Bonds 4 ~ '
j,. gT ~ s X12 s G-"'-d X20
~`i'hru the splendid efforts of ~~r, L. F, Bode, Tov~m attorney, the
;,-
;.Liquidator of the Longsrrc~od State Bank agreed to deliver the
;;above numbered bonds to the low_n. upon a cash payment of~1,63f
sand fu.~.l and complete release by the Touan and th° Bond T-ruste
~~~_
I~~of alb claims against the LongT,vood .,state Bank as evidenced b~
,I;,Certilicates 07®~ and C~'72 to~~:ling X1,241,96 as shown in Para;
~~gcaph newt above, The Town ~_~~.cil on Oct, let, 193 passed a
r ' g '~ --, r r-i
~~esolution authomlzin the ~i~~easurer of said town, and the Boz
}Trustees to pay the sU"_r~ of X1,638.00 to the Liquidator of the~~
,,,
- '!Longwood. Slate Bank and to execute release of all claims agar,
the trust as listed abdve, and on Oct, 1`7th, 193°7 Mr. Boyle
-- _ ;made delivery of .three 'I'OTdn of L-ong~~zood ~VVater '~vorks Bonds as
°~'ollouas; ~o. 4- (the -same being passed due since 7®135) No. 1
with 18 unpaid interest coupons attached, and ItiTO, 20 vJith 28
au_npaid interest co?zpons attached.
NO~P1 TrIEREFORE, B:~ IT RE~OLVE~D,
By the To yrn Coua? cil
of the Town oy' Longwood assembled in. regular. session on this
the 4th. day of February 193'7,
That inasmuch a_s all fends of
said. lovvr~ that mere frozen in the T ongwood State. Bank at the
time of ~ is closing, have r_ow been liquidated by payrnen.t of
dividend and o~'f®set~ as hereinbefore set fourth; it is p~o-
per that the amov~.tscharged against the defunct Longwood
State Bank in the several ledgers of the Town be cleared and
charged _off, and t'rie Treasurer of the To~,v?~. of Longwood i s
therefore authori zed and directed to c~ ear the ~.rlater 'Forks
Operating a,.~c of~~'306,42 charged to the. Longwood State Bank.
The tl~1,fi~ks. P~;azzt a/c of X5.93 ~ ~~ B~ ~+ ~~
& the Gen'1 Fund a/c of ~~~29,61 ~~ rr ~~ ~~ ;€a
.
'P UpoYZ roll call the folloTa~ing vote was rec®
~~orded; For the Resolution, Four,
+~ against the Resolution, I~Tone~
~~ The Chairman then annou~.zc
~ ~~the said Resolution to have been regularly adopted®
~y1~
,~~/p~
Page ~4
2m4=37 Regular
~11~s T}rToved by Prosser, seconded by Gra~.r and carried; that the
~ iollovving bills be paid;
~~ Cen'1 Fund
~j E,L,Spivey- Pe~o® Clerks Type~~~riter 8.5'0
ua B.R. Gray - K. Oil 1.50
~~ C.B$Searcy-' Pt® ~a_1 C~.L~ 30.00
Carter Garb. Coll- 2,00
~?YF.Beckham® Rep. 1 Fire Bell 7,50
u ~a/~ F. P. 5, Co ®- E~1L T ~~ , fall 1®50
5t. Zts. 30.05 31..55
:$ S. B. Tel . Co . a Fone ;~8 ~ 3.50
84.55
r12
~,~~I. ~i'~ks , Opr g,
C. B. Bearcy- dal. Sapt. u~„~l. Jan. ~ 30®00
transportation .30
~~A F, P. ~. Co, Power 26.55
~ 56®85
l~Tayor Bridge reca~nended a cYie~k of receipts and disburseme~
din the Treasurers account be made as soon as possible,
~ ~~ioved by Gray, seconded by v~,ells and carried, that the Clerk
~ get in touch. with Tyr. C.~,Elli s and ascertain approximate
j Bost oT ar_ audit,
IThe~ following reports were submitted;
treas.
Bal. as of 2-1-37 Gvn'l Fund Op. - 224.48
D~~ 113.'73
Fine ~ Forfeiture -237,07
~1~.i~d~ks, Oprg. 453,13
~' ~'lant 1.57
X1,079.98
~Vates~
Collections X123 Dec. X36 X153,37
3~e 1 inquent ~ ~ . 31 a 74
,,
,~
Where being no ~'u~ther business this body stands adjourned
until Ti,~arch 4thg ? 937.
Bees. Torn Council ' town Cl yk,
s