11-11-38 v MINUTES OF A SPECIAL MEETING OF THE ATLANTIC
BEACH TOWN COUNCIL HELD NOVEMBER 11 . 1938.
Present:
E. L. Chiassen
J. C. Cutler
R. E. Sugg
E. L. Chiaason held proxy of G. L. Rexbereugh and
R . E. Sugg held proxy efThemss W. Trout.
Pursuant to previous notice the meeting wfs called to
order by E. L. Chiasson, President.
Mr. Cutler presented a bid from Henry Isaac & Co. , to
purchase the ;4,000. Incinerator and garbage disposal bonds
and the bid of uuval engineering so. , to nurchase the otreet
improvement bonds, both issues of 1938. The bid of uuval
Engineering & Construction Co. was es follows:
bonds at par with 5% interest.
The bid of Henry 0. Isaac & Co. was in words and
figures as follows:
"November 10th, 1938.
laity Council ,
Atlantic beach, Florida.
Gentlemen:
ror your proposed issue of the following described
bonds , to be the direct end general obligation of the Town of
Atlantic peach, rlorida, payable by unlimited ad valorem taxes,
;4,000 par value , incinerator Honda,
maturing $1,000 each year on February
1 , 1958, through and including 1961 ,
All bonds to be dated rebruary 1 , 1938,
and to bear interest at 5% per annum,
payable semi-annually,
we will pay you the sum of NINE HUNDRED AND EIGHTY DOLLARS
(;980.00) , and accrued interest fbom August 1 , 1938, until the
date of delivery of the said bonds.
• This bid is made subject to the tdity furnishing us with
an unqualified opinion of Mr. Giles J . Patterson, Attorney,
Florida National bank building, Jacksonville , Florida, as to
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the legality of these bonds.
This opinion must also state that these bonds are
payable by unlimited ad valorem taxes assessed against the
property of the Town of Atlantic Desch, rlorida.
respectfully submitted,
HENRY O. ISAACS AND COMPANY
Dy Henry U. Isaacs
Barnett National bank Building,
Jacksonville , rlorida."
"Atlantic peach, rlorida
November 11th, 1938.
The above and foregoing proposition is hereby
accepted by a proper resolution of the uouncil of the Town
of Atlantic peach, rlorida.
E. L. Chiasson
Robert E. Sugg
J . C. Outler
Attest:
C. R . Frazier
Town clerk
upon motion of Mr. Outler , seconded by ear. augg,
the bid of u val Engineering uo. , and the bid of Henry U.
Isaac & Co. , were accepted. The motion is as follows:
A RESOLUTION
io be rsntitled
A RESOLUTION Determining the best aid submitted for •
the gown of Atlantic aeach streets Improvement 'onds, issue
of 1938, and for the Town of Atlantic peach Incinerator and
Uarbage ponds, issue of ,v38; and Accepting said Rid and
Appointing Signers for said Bonds.
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WHEREAS, the Town Council of the Town of Atlantic Beach,
Florida, has heretbfor_s received bids for the purchase of those
certain bonds authorized in and by the provisions of Ordinance
No. A-30 of the said Town entitled: "AN ORDINANCE Authorizing
and Providing for the Issuance, by the Town of Atlantic Beach,
Duval County, Florida , of Municipal Building, of Streets Improve-
ment, end of Incinerator and Garbage Bonds, all under the Pro-
visions of Section 39, Chapter 1390? , of the Laws of Florida ,
Bpecial Acts of 1929, Vol . 2, Part One , Approved by the Governor
of Florida June 8, A. D. 1929, Under the Provisions of Sections
1 , et seq. , of Chapter 14715, of the Laws of Florida , Acts of
1931 , Approved by the Governor of Florida May 21 , 1931; and
in Compliance with Section 6 , Article 9, of the Constitution
of the State of Florida , as Amended et the General Election,
A. D. 1930"; end
WHEREAS, the said bids so received were as follows,
to-wit:
1. Henry G. Isaacs Company (for the Town of
Atlantic Beach Street Improvement Bonds, and
for theJTown of Atlantic beach Incinerator
and Garbage Bonds) , and
2. The Duval Engineering and Contracting Company
(for the Town of Atlantic Beech Streets Improve-
ment Bonds) ; and
WHEREAS, the said Town Council has carefully considered
the said submitted bids , and is of the opinion that, with respect
to the Town of Atlantic Beach Streets Improvement Bonds , the bid
of
Duval Engineering & Construction Co.
is the best bid; and that, with respect to the Town of Atlantic
Beach Incinerator end Garbage Bonds, the bid of the Said Henry
B. Isaac Co. Is the only , end a fair and reasonable bid:
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF
THE TOWN OF ATLANTIC BEACH, FLORIDA , THAT:
1. This Council does hereby determine and find that
the bid of Duval Engineering & Construction Co. wherein it bid
Seven Thousand ( 7,000) Dollars, with interest at five (5%)
percent per annum, is the best bid submitted to the said Council
for the sale of the said Town of Atlantic Beach Streets Improve-
ment Bonds, Issue of 1938; and this Council likewise does hereby
determine end find that the bid of the Henry G. Isaac Co. , where-
in it bid
( ) Dollars, with interest et five (55%) percent per
annum, is the best bid submitted to the said Council for the sale
of the said Town of Atlantic Beach Incinerator and Garbage Bonds ,
Issue of 1938.
2. The said bid of Duval Engineering & Construction Co. ,
for the said Town of Atlantic Beach Streets Improvement Bonds be
and the same is hereby accepted , and that said bonds be , and they
are hereby awarded and sold to the said Duval Engineering and
Construction Company at
together with a premium of
( $
• Dollars , plus accrued interest et the rate of five (5%) percent
per annum to date of delivery of said bonds, said bonds to bear
interest et the rate of five (5%) percent per annum; and the
said bid of the Nenry G. Isaacs Company for the said Town of
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Atlantic Beach Incinerator and Garbage Bonds, be end the same
is hereby eccppted, and that said bonds be , end they are hereby
awarded and sold to the said Henry G. Isaac Company at 98 ,
together with a premium of
( $ )I}ollars, plus accrued interest et the rate
of five (5%) percent per annum to date of delivery of said
bonds, said bonds to bear interest at the rate of five (596)
percent per annum.
BE IT FURTHER RESOLVED that Town Councilmen J. C.
Outler be , and he is hereby, designated as that member of the
Council to sign and execute all of the aforesaid bonds with the
Town Clerk, the President of this Council , and the Town
Treasurer.
Passed by the Town Council of Atlantic Beach, Florida ,
November 11th, 1938.
ATTEST: C . R. FRAZIER
Town Clerk, Town of mantic Beach, Florida.
Mr. Outler moved the passage on first reading an
Ordinance entitled "An Ordinance Declaring and Determining the
Rate of Interest Seven Thousand ( 17,000) Dollars, Town of At-
lantic Beach Improvement Bonds , issue of 1938, and Four
Thousand ($4,000) Dollars Town of ptlantic Beach Incinerator
and Garbage Bonds, issue of 1938, shall respectively bear."
Mr. Sugg seconded the motion which was unanimously
adopted.
Same on Second Reading.
The Clerk was directed to furnish a copy of the
resolution above to the Duval Engineering & Construction
Co. , and Henry G. Isaac and Company.
There being no further • ness the meeting adjourned.
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