Minutes 01-03-28REGULAR ~EETING OF JANUARY ~rd, 1928.
A Regular Meeting of the Board of Town
Commissioners of the Town of Boynton, Florida, was held
at the Town Hall of the Town of Boynton, Florida, Tuesday
Evening, January ~rd, A. D. 1928, at 7:~0 o'clock P. M.
Present: R. 0. Myers, l~[ayor
Harry Bens on, Vi ce-}~[ayor
E. L. Winchester,Town Clerk
The above constituting the entire Board of Town
Commissioners of the To~ of Boynton, Florida.
Minutes of the last Regular Meeting of December
20th, 1927, were read and approved. ·
Upon motion made by Commissioner Benson, seconded
by Commissioner Winchester, a Resolution to pay Claims was
'duly adopt-ed.
Upon motion made by Commissioner Myers, seconded
by Commissioner Benson, the following Resolution was duly
adopted.
WHEREAS, the Town Commission of the Toz~n of
Boynton, in Palm Beach County, Florida, by its resolution
duly passed and adopted on the 6th day of August, 1926, did
decide and determine to construct, reconstruct, repair, pave,
repave, hard surface, and rehard surfacethose ce*train streets,
boulevards and alleys within the Town of Boynton, Florida,
'and to grade, level, lay and construct curbs and gutters on
said streets, boulevards and alleys and as hereinafter de-
scribed in conformity to the plans, specifications, profiles
and estimates on file in'the office of the Town Clerk of the
said Town of Boynton; and that the streets, boulevards and
alleys so decided and determined to be improved, and the
nature of such improvements as aforesaid, were:
DIXIE HI G~U#AY
A. From the North corporate limits to the North
end of the Boynton Canal Bridge shall be a thirty
foot water-bound macadam pavement, surfaced with
two inches of Warrenite, Bitulithic, to-gether
with 5 x 14 inch concrete headers, with necessary
gr~ding and shaping.
B. From the South end of the Boynton Canal Bridge
following the new location of the ~ixie Highway
to the center line of Boynton Boulevard shall be
a forty one foot water bound macadam pavement,
surfaced with two inches of Warrenite-Bitulithic,
together with combined curb and gutter, with
necessary grading and shaping.
C. From the center line of Boynton Boulevard
following the new location of the Dixie Highway
to the North line of Lake Addition (if extended
from the East) shall be a forty-one foot water-
bound macadam pavement, surfaced with two inches
of Warrenite-Bitulithic, together with combined
curb and gutter and necessary grading and shaping.
D. That portion formed by the connection of the
existing improvement on the new location of the
Dixie Highway and the intersection with old Dixie
Highway, lying between Kansas .~venue and the North
line of Boynton Place (if extended from the East)
shall be a forty-one foot water-bound macadam pave-
ment, surfaced with two inches of. Warrenite-Bitu!ithic,
together with combined curb and gutter with necessary
grading and shaping.
E. From the North line of Boynton Place (if ex-
tended from the East) to the center line of Lake
Avenue, shall be a forty-one foot water-bound macadam
pavement, surfaced wit~ two inches of Warrenite-
Bithulithic, together with combined curb and gutter,
with necessary grading and shaping.
F. From the center line of Lake Avenue to the
center line of Ocean Avenue shall be a fifty-two
foot water-bound macadam pavement, surfaced with two
inches of Warrenite-Bitulithic, together with com-
bined curb and gutter, with necessary grading and
shaping. ~
G. The East half of the Di×ie Highway between
the center line of Ocean Avenue ~and the center
line of Jessamine Street lEast) shall be improved
by re-shaping the ?resent macadam pavement and
surfacing with two inches of ~Jarrenite-Bithulithic
over the present width of twenty-four feet. '
H. ~he West half of the Dixie ~ighway between the
center line of Ocean Avenue and the center line of
Dade Street shall be improved by re-shaping the
~r~sent macadam pavement and surfacing it with ~two
inches of Warrenite-Bitulithic over the present
width of twenty-four feet.
I. The East half of the Dixie Highwa~ between the
center line of Jessamine Street least) and the
South line of the' Northwest Quarter of the Northwest
Quarter of Section 27, Township 46, Range 43 East,
shall be improved to a width of twenty-six feet by
a water-bound macadam Pavement, surfaced ?~ith two
inches of :¥arrenite-Bitulithic, together with com-
bined curb and gutter with necessary grading and
s ha-!_~ing. ' ~
J. The East half of the Dixie Nighway from the
South line of the Northwest ~uarter of the Northwest
quarter of Section 27, Township 4~ South, Range
43 East, to the North line of Section 33, said
Township and P~ange, shall be fifteen feet and con-
sisting of a water-bound macadam pavement, surfaced
with two inches of ?Jarrenite-Bitulithic, together
with ~ x 14 inch~ concrete headers with necessary
grading and shaping. ·
K. The ?~est half of the Dixie ~ighway from the
center line of Dade Street to the North line of
Section 33, Township 46, Range 43, shall be fifteen
feet wide and shall consist of a water-bound macadam
pavement, surfaced with two inches of '#arrenite-
Bitulithic, together with § x 14 inch concrete
headers, with necessary grading and paving.
~. From the North line of the Northeast Quarter of
Section ~, ~ownship 46, Pzange 43, to the South line
of the Northest quarter of said Section 33, shall be
thirty feet in width, and consisting of a water,
bound macadam pavement, surfaced with two inches of
WarFenite-Bitulithic, together with § x 14 inch
concrete headers, with necessary grading and shaping.
PAL~ETT0 STREET
!~rcm the North line of Central l~ark to the South
line of Ocean Avenue shall be a forty foot water-
bound macadam pavement, surfaced with two inches
of asphaltic concrete, together with combined curb
and gutter with necessary grading and Shaping.
~REEN STREET
From Lake Avenue to the North line of Jells Road
shall be a twenty-four foot water-bound macadam nave-
ment, surfaced with two inches of asphaltic concrete,
together with 5 x 14 inch concrete headers, with
necessary grading and shaping.
LAk~ AVENUE
From the West line of Dixie Highway to the West
line of Section 22 and Section 28, Township 45,
Range 45, shall be a thirty foot water-bound macadam
pavement, surfaced with two inches of Warrenite-
Bitulithic, together with 5 x 14 inch concrete
headers, with necessary grading and shaping.
RAILROAD AVENUE
From the'North line of Curtis Avenue {extended
from the East) to the South line of Park Avenue
shall be a twenty foot water-bound macadam pave-
ment, surfaced with two inches of asphaltic con-
crete, together with 5 x 14 inch concrete headers,
together with necessary grading and shaping.
PARK AVENUE
From the West line of Palmetto Street to the
Florida East Const Railroad right-cf-way shall
be a thirty-foot water-bound macadam pavement,
surfaced with ~wo inches of asphaltic concrete
headers and curbs, with necessary grading and
shaping.
CURTIS ~VENUE~
From the West line of Palmetto Street to the
West line of Railroad Avenue shall be a twenty
four foot water-bound macadam pavement, surfaced
with two inches of asphaltic concrete, together
with § x 14 inch concrete header curbs, with
necessary grading and shaoing.
COCOA STREET
From the center line of Edith Street to the line
of Corbine Street (extended from the East) shall
consist of a thirty foot water-bound mac~dam pave-
ment surfaced with two inches of asphaltic concrete,
to~m~hea-with 5 x 14 inch concrete header curbs,
with"n%ce~sary grading and paving.
C 0RBI~E STiqEET
From the East line of Cocoa Street {extended from
the ~4orth; to Ocean Avenue shall be a twenty foot
water-bound macadam pavement, surfaced with two
inches of asphaltic concrete, together~5 x 14
inch concrete h~ader curbs with necessary grading
and shaping.
OCEAN AVENUE
A. ~'rom the East line of Dixie Highway to the
center line of Orange Grove Avenue shall be thirty-
eight feet wide, and consist of re-surfacing the
present surfaced macadam pavement, and re-surfacing
the same with two inches of Warrenite-Bitulithic.
B. Ocean Avenue from the center line of Orange
Grove Avenue to the west end of the Florida Coast
~,ine Canal Bridge shall be thirty-eight feet wide
and consist of the necessary grading and shaping
of the roadbed, upon which shall be constructed a
water-bound macad_~m pavement, surfaced with two
inches of Warrenite-Bitulithic.
C. Ocean Avenue from th'e West line of the Dixie
Highway to the Florida, East Coast Railroad right-
of-way shall be fifty feet wide, consisting of com-
bined concrete curb and gutter', re-shaping the pre-
sent macadam pavement and surfacing the same with
two inches of Warrenite-Bitulithic.
D. Ocean Avenue from the West line of the right-
of-way of the Florida East Coast Railroad to the
center line of Palm Street shall be forty feet wide,
consisting of combined curb and gutter, re-shaping
and grading the present macadam pavement and surfac-
ing the same with two inches of Warrenite-Bitultthic.
E. Ocean Avenue from the center line of Palm Street
to the West line of Green Street shall be a 40 foot
water-bound macadam pavement, surfaced with two
inches of Warrenite-Bitulithic, together with com-
bined concrete curb and gutter, with necessary grad-
ing and shaping.
and which said resolution did further provide that the whole
of the cost and expense of construction of the improvements as
aforesaid sheuld be paid by special assessments to be assessed
upon the property specially benefitted by such improvement in
proportion to the benefits to be derived therefrom, such spe-
Cial benefits to be determined and pro-rated according to the
front footage of the respective properties specially benefitted
by such improvement;
And which said resolution did further provide
that the assessments so to be made. as aforesaid, were to
be made,' as aforesiad, were to be Paid in ten (101 equal
annual installments and to bear interest at the rate of
8~ per annum, payable semi-~annually, ~ith accrued interest
on all deferred payments unless P~id within thirty
days after such assessments were made and confirmed;
And which said resolution did further provide
that there should be levied an assessment upon all lots
and lands adjoining and contiguous to, or Abounding or
abutting upon any such improvements, sufficient to pay
the costs and expenses of such improment;
And which resolution did state the total estimated
cost of such improvement to be the sum of five hundred four
thousand, four hundred forty-seven and 43/loo dollars
($504,447.43); and,
WkT~P~AS, prior to the adoption of the foregoing
mentioned and described resolution, so passed and adopted
on the 6th day of Au~gust, 1926, as aforesaid, the said Town
Commission of the Town of Boynton did cause to be made and
prepared its plans, specifications and profiles with the
estimated cost for such proposed work and improvement
and which said plans, specifications, profiles and estimated
cost of such improvements were at all times, and at the
time of the adoption of the foregoing mentioned and described
resolution, and now are, duly filed and open td the inspec-
tion of the public. And,
WHEREAS, such resolution so passed and adopted
on the 6th day of August, 1926, as aforesaid, was ordered
to be, and was, subsequent to the passage and adoption
thereof, duly published one time in the Boynton Progress,
a newspaper of general circulation published within the
Town of ~oyntcn, ?lorida, as required by law.
And,
'.,Vt~EREAS, upon the adoption of the resolution,
as aforesaid, the Town Commission of the said 'L'own of
Boynton did cause $o be made and prepared an assessment
roll; and did cause the same to be filed w. ith the said
Commission and in the office of the Town Clerk of the said
Town of B~ynton; and which said assessment roll did show
the lots and lands assessed, the amount of assessment
against each let or parcel o~ land, and the number o~
annual installments in which the assessments are divided.
And,
WHEREAS, upon the completion of the assessment
roll, a~oresaid, the Town Commission of the said Town of
Boynton did cause a copy thereof to be published two times
successively, once each week, in the Boynton Progress, a
newspaper o~ general circulation published in the Town of
Boynton, ~'lerida, as required by law; ~nd that the said
Town Commission did cause to be attached to the copy of
the assessment roll so published as aforesaid, a notice
directed to all the property owners interested in said
assessments cf the time and place where complaints would
be heard with reference to said assessment and when said
assessments would be finally approved and confirmed by
the said Town Commission sitting as an equalizing board.~
And,
WF~P~EAS, at the time and place named and
specified in the notice for the hearing of complaints
as aforesaid, to-wit, on the 8th day of September, 1926,
the Town Commission of the Town of Boynton, Florida, did
meet as an Equalizing Board to hear and consider any and
all complaints as to such special assessments; and that
the said ±~own Commission did thereafter adjust and equalize
the said assessments on a basis of justice and right. And,
~H]EREAS, on the 10th day of September, 1926, at
a meeting Of the Town Commission d.uly held and conducted,
a contract was finally entered into for the furnishing
of all materials, labor and equipment for the construction
of the improvements set forth and provided for in such
resolution so passed and adopted on the 6th day of August,
1926, as aforesaid, And,
WS~REAS, such assessments so made as aforesaid
were, on the 8th day of September, 1926, by the Town
Commission of the Town of Bo~rnton, approved, ratified and
confirmed and the maturities thereof fixed as follows;
one-tenth thereof payable on or before the 8th day of
September, 19£?; one-tenth thereof payable on or before
the 8th day of September, 1928; one-tenth thereof payable
on or before the 8th day of September, 1929; one-tenth
thereof pa~able on or before the 8th day of September,
1950; one-tenth thereof payable on or before the 8th day
of September, 1951; one-tenth thereof payable on or before the
8th day of September, 19S~.; one-tenth thereof payable on or
before ~the 8th day of September, 19SS; one-tenth thereof
payable on or before the 8th day of Seotember, 19S4;
one-tenth thereof payable on or before the 8th day of
September, 1935; and one-tenth thereof payable on or before
the 8th day of September, 1936; and the interest upon such
assessments was fixed at the rate of 8% per annum from the
8th day of September, 1926, payable semi-annually, with
accrued interest on all deferred payments unless paid within
thirty (30) days after the assessments had been made and
confirmed. And,
WheREAS, to -wit, the 21st day of September,
1926, the Town Commission of the Town Of ~oynton did duly
and regularly pass and adopt a resolution providing for,
authorizing and directing the issuance of street imorove-
ment bonds of the said Town of Boynton, Florida, predicated
and based upon such special assessments in the total aggre-
gate amount or sum of three hundred fifty thousand dollars
($350,000.00), such bonds to be of the denomination of one
thousand dollars ~$1,000.00) each and to bear date o£ october
l, 1926, to be numbered from one (1) to three hundred fifty
(350) both inclusive, and to mature in numerical order as
therein set forth; end which said resolution did further
provide that said bonds should bear interest at the rate
of 6% per annum, payable semi-annually on the first days of
A?ril and october in each year in accord with interest
coupons thereto attached; and which resolution did i~rther
provide that such bonds should be signed by the Nayor and
' ~lerk of the said ~.,'own under the seal thereof, ahd that the
i~terest coupons were to be signed by the fac simile signa-
ture of the Mayor and Town Clerk of such Town; and further
10
provided for the payment of both principal and interest
to be m~de at the Seaboard National Sank in the City of
New York and State of New York, or at the office of the
Town Treasurer of the said Town of Soynton, at the option
of the holder thereof; and which said resolution did fix
and prescribe the form of such bonds and Coupons; and which
said resolution did provide that all special assessments
levied and imposed in respect to the i~mprovements for which
such bonds were issued should constit~te a fund for the
payment of the principal ~nd interest upon such bonds; and
did f~rther provided that, in the event the said Town did
fail to collect and receive such special assessments in
season to pay the principal and interest upon said bonds, that
the Town of Boynton should levy and collect from all taxable
property within said Town a tax sufficient to pay both principal
and interest as the same respectively became due; and which
said resolution did further pledge the full faith and credit
of the Town of Boynt0n to an amount not exceeding 70~ of
the proportionate part of the case of said improvements to
be paid by special assessment. And,
WHEREAS, the improvement bonds so authorized and
directed to be assessed as aforesaid, and predicated and
based upon the special assessments so equalized, approved
and confirmed, am aforesaid, do not exceed 70% of the pro-
portionate part of the cost of such street improvements to
be paid by special assessment as aforesaid; such ?0~ being
based and calculated upon the s~timated cost of such street
improvements as set out in the aforesaid resolution therefor.
And,
11
,~rH3.-,~,~S the work of constructing, reconstruct ing,
repairing, paving, repaving, ~ardsurfacing and rehardsurfac-
ing of such streets, boulevards and alleys in full accord
with and as set forth and provided in suck resolution so
passed and adopted on the 6th day of August, 1926 has been
and now is entirely completed in accordance with the plans,
specifications, profiles and estimates therefor; and which
said work so completed, as aforesaid, has been finally and
fully-accepted by the Town Commission of the Town of Boynton;
all of which work was completed on the / %% day of !'~-~
A. D. 192 ~ ; and, ~
~,~H_~.~:EAS, the total aggregate cost of the construct-
ing, reconstructing, paving, repaying, hardsurfacing and
rehardsurfacing of such streets, boulevards and alleys accord-
ing to the plans, specifications, profiles and estimates and
the resolution of the Town Commission so passed and adopted
on the 6th day of August, 1926, as aforesaid, is the sum of
Five HundreA Four Thousand Four Hundred Forty-Seven and forty-
three cents ($504,447.43).
NOW THEREFORE, BE IT FJ~SOLVED by the Town Commission
of the Town of Boynton, Palm Beach County, Florida, as follows,
t o-wit:
1. That the work of constructing, reconstructing,
repairing, paving, repaving, hard surfacing and rehardsurfac-
lng of such streets, boulevards and alleys provided for in
such resolution so passed and adopted on the 6th day of
August, 1926, and according to the plans and specifications
therefor is now entirely complete; all of which work was
completed on the ~. dny of ~.-_& A.D. 192~__.
2. That the work of~constructing, reconstructing,
repairing, paving, repaving, hardsurfacing and rehardsurfac-
ing of such streets, boulevards and alleys provided for in
such resolution so passed and adopted on the 6th dry of
August, 1926, and according to the plans and s~ecifications
therefor has been, in full accord with the plans, specifications
and profiles therefor, completed; and further, that such work
and construction of such improvements and such improvements so
completed, as aforesaid, be, and the same hereby are, re-
spectively and in their entirety accepted by the Tovm of
Boynt on.
3. That the Commission of the Ssmid To,~ of
Boynton, Palm Beach County, Florida, do pay the costs and
expense of construction, reconstructing, repairing, paving,
repaying, hardsurfacing, rehardsurfacing of such streets,
boulevards and alleys with certificates of indebtedness or by
improvement bonds predicated upon the liens thereof as author-
ized and as provided by the charter of the Town of BoYnton,
Florida, and by the General Laws of the State of Florida,
and particularly Chapter 9298 of the Laws of Florida, acts
of 1923.
4. It is further determined, adjudged and decided
that the total cost of constructing, reconstructing, repair-
ing, paving, repaying, har~s~rfacing and rehardsurfacing
of such streets, boulevards and alleys provided for in such
resolution so passed and adopted on the 6th day of August,
1926~ is the sum of Five Hundred Four Thousand Four Hundred
Forty Seven and Forty-three cents, ($~04,447.43).
5.- That, heretofore ~nd on the 18th day of
August, 1926, the Town Commission of the Town of Boynton
did make and file its assessment roll assessing and estimating
the costs and expenses of construction of such improvements,
predicated and based upon the estimated cost thereof upon and
against the property and properties specially benefitted by
such improvement in proportion with the benefits derived
therefrom, such special benefits being determined and pro-
rated according to the front foot, age of the respective pro-
perties, lots, tracts and parcels of land specially benefitted
by such improvements; that thereafter, the said Town Commission
of the Town of BoYnton did, on the 9th day of September, 1926,
duly reconsider, adjust and equalize such assessments on the
basis of Justice and right and did finally approve and con-
firm said assessments so made as adjusted and equalized. That
the total amount of such assessment so adjusted and equaliz'ed
as aforesaid, is the sum of Five Eundred Four Thousand Four
Hundred Forty-seven Dollars and Forty-three cents, ($504,447.43).
6. That all the special assessments so levied
against said properties, as contained in the resolution of
the Town Commission of the. said Town of Boynton passed and
adopted on the 18th day of August, 1926 and as reconsidered,
adjusted and equalized on the basis of Justice and right
and finally approved and confirmed by the Town Commission
of the said Town of Boynton as provided in its resolution
passed and adopted at the adjourned meeting of September
1928 held on the 9th day of September, 1926, be, and the
same hereby are, in all things, fully ratified, approved
and confirmed.
.1.4
7. Further, that it is hereby adjudged, decided
land determined that each of the lots, tracts or parcels of
land set forth and described in the aforesaid resolution of
the Tov~n Commission of the Town of Boynton so passed and
adopted on the 18th day of August, 1926, as aforesaid, have
been specially benefitte4 by the constructing, recemstructing,
repairing, paving, repaying, hardsurfacing and rehardsurfac_
ing of said streets, boulevards and alleys within the said
Town of Boynton, in the amounts assessed against them as re-
considered, adjusted and equalized on the basis of justice
and right and finally approved and confirmed by the resolu-
tion of the Town Commissio~ of the Town of Boynton passed and
adopted at an adjourned meeting of September 8, 1926 held on
the 9th day of September, 1926, as aforesaid; and further,
that no other lands, tracts or parcels of land or premises
within such Town of Boynton have received any special benefit
or benefits from such improvements, or any or either of them.
8. Further, that it is hereby adjudged, decided
and determined that said special assessments so equalized,
approved and confirmed, as aforesaid, be, and the same hereby
are in all things, fully ratified, aoproved and confirmed as
the completed and final assessments upon the respective pro-
perties, lots, parcels and tracts of land against which the
same have been assessed, levied and imposed in respect to
the aforesaid improvements.
9. Further, that it is hereby adjudged, decided
and determined that, the assessments so levied and imposed
against such properties, as contained in the resolution of
the Town Commission of the said Town of Boynton passed and
adopted on the 18th day of August, 1926 and-as reconsidered,
adjusted and equalized on the basis of justice and right and
£inally approved and confirmed by the resolution of the Town
commission of the To?~rn of Boynton passed and adopted at the
adjourned meeting of September 8, 19~6 of the said To~n
CommiSsion held on the 9th day of September, 19~6, be, an~
the same hereby are in all things fully approved, ratified
and confirmed as the completed and final assessment and
assessments assessed and imposed or to be assessed and im-
posed on accoUnt or by reason~of such improvements, against
the particular and respective properties upon which the same
were assessed and imposed under such resolutions; and further,
that such assessments so assessed .and imposed for such im-
provements, as aforesaid, is the sum of five hundred four thou-
sand, four hundred forty-seven and 43/loo dollars
that there remains unpaid upon such assessments so assessed
and imposed for such improvements, as aforesaid, the sum of
one hundred twenty thousand ~lSO,O00.O0) dollars; that hereto-
fore, the Town Commission of the said Town of Bo~nton did,
at a regular meeting, pass and adopt a resolution deciding
to, providing for and authorizing the issuance of improve-
ment bonds of the said Town of Boynton, Florida, in the total
aggregate amount of three hundred fifty thousand dollars
($S§O,O00.O0); such bonds being based and predicated upon and
primarily payable out of and from the assessments so assessed
and. imposed, as aforesaid, on account of and for the improve-
men~s hereinbefore refer~ed to; that the aggregate amount of
~0, 000. 00 of bonds so provided for and authorized to be
iSSued did not exceed ?0% of the proportionate part of the
cost of Said street improvements to be paid by special assess-
ment as therein provided and as hereinbefore set forth.
BE IT FURT~R ~$05,VED by the Town Commission of
the Town of Boynton, Florida, that this Commission does
hereby decide and determine to issue further and additional
improvement bonds of the Town of Boynton, Florida, in the
tctal aggregate amount of one hundred twenty thousand dollars
($120,000.00), and which aggregate amount of bonds does not
exceed the amount of unpaid assessments assessed and imposed
on account of and for the improvements hereinbefore referred
to after deducting therefrom .the sum of three hundred fifty
thousand dollarS($350,O00.O0), being the aggregate amo~mt
of bonds heretofore issued upon such assessments.
10. That said bonds shall be known as "Street
Improvement Bonds, Issue of 1927"; and shall be in denomina-
tions of one thousand dollars ($1,000.00) each an~ shall be
numbered from 1 to 120 both inclusive; such bonds shall bear
date of October 1, ~927 and shall mature and become due and
payable in numerical order as follows:
Bonds numbered from I to 13 inclusive in denomina-
tions of $1,000.00 each, to become due October 1,1928;
Bonds numbered from 14 to 26 inclusive in denomina-
tions of $1,000.00 each, to ~ecome due October 1,
1929;
Bonds numbered from 27 to 39 inclusive in denomina-
tions of $1,000.00 each, to become due October 1,
1930;
Bonds numbered from 40 to 52 inclusive in denomina-
tions of $1,000.00 each, to become due October 1,
1931;
Bonds numbered from 53 to 65 inclusive in denomiha-
tions of $1,000.00 each, to become due October 1,
1932;
Bonds numbered from 66 to 78 inclusive in denomina-
tions of ~1,000.00 each, to Become due October l,
1933;
Bonds numbered from 79 to 91 inclusive in denomina-
tions of $1,000.00 each, to become due October 1
1934; '
Bonds nambered from 92 to 104 inclusive in denomina-
tions of ~!,000.00 each, to become due October 1,
1935;
Bonds numbered from 105 to 120 inclusive in denomina-
tions of ~1,000.00 each, to become due October
1936; '
Said bonds shall bear intereat at the rate of 6% p,r annum,
payable semi-annually on the first days of April and October
of each and every year, commencing on the first day of April,
A.D. 1928, and shall have interest coupons attached; that
said bonds shall be signed by the ~layor and Town Clerk of
the Town of Boynton, Florida, under the seal of said Town,
and the interest coupons shall be signed by the fac-si~i!e
signature of the Mayor and Town Clerk of the said Town of
Boynton; that both principal and interest of said bonds shall
be payable in gold coin of the United States of America of
the present standard of weight and fineness at the Seaboard
National Bank of New York, in the City of New York and State
of New York, or at the office of the Town Treasurer of
Town of Boynton, Palm Beach County, Florida, at the option
of the holder thereof.
11. That the said bonds shall be substantially in
the following form, to-wit:
UNITED STATES OP AMEP, ICA
T0'NN OF BOYNTcN
STREET I}~PROVE~NT BOND
iSSUE 1927.
No. $1000.00
ENOW A~ ~,~N BY T~.E ~'~--~,-~,,-~, That the Town of
~oynton, a L'unicipal Corporation in the County of ?a~m Beach
and State,.of Florida, hereby acknowledges itself.indebted
and for value received, promises to pay to bearer on the let
day of October, A. D. 19 , the s~m of one thousand dollars
I~1000.00) together with interest thereon from the date
hereof at the rate of six per cent (6%1 per annum, payable
semi-annually on the first day of April and October in each
year, upon presentation and surrender of the annexed interest
coupons as the same respective !y mature; both principal and
interest being payable in Gold Coin of the United States of
America of the present standard of weight and fineness, 'at the
Seaboard ~ational Bank of New York, in 'the City of New York
and State of New York, or at the office' of the Town Treast~rer
of said Town, in said Town of Boynton, Florida, at the option
of the holder hereof. This bond is one of an issue of "Street
Improvement Bonds Issue 19g~" of the said Town of Boynton,
Florida, of like date and tenor, except as to date of maturi-
ties, aggregating the s~m of one hundred twenty thousand
dollars ($120,000.00) and is ,issued for the purpose of paying
the costs of street improvements in said ~'own. pmrs~ant to
and in strict compliance with the Constitution and Statutes
of the State of Florida. including among others, Chapter
8918, Laws of Florida, Acts of 1921, and Chapter 9298, Laws
of Florida, Acts of 1923, and is issued pursuant to proceed-
ings of the Town Commission of the Town of Boynton, Florida,
duly had and adopted.
It is hereby certified, recited and declared that
all acts, conditions and things required to exist, to happen
1 to be performed, precedent to and in the issuance of this
bond, exist, have happened, and have been performed, in due
time, form and manner as required by law; that this bond and
the i~sue of which it forms a part, together with all other
indebtedness of said Town does not e×ceed any debts or other
limitS prescribed by the Constitution and Laws of the said
state; that the expense of installing the street im0rcvements
had been duly assessed against the property especia~.ly bene-
fitted; that said assessments h~ve been duly approved and con-
firmed; and this bond is issued against said assessments.
The fu~l faith and credit of the Town of ~oynt~n, Florida,
are hereby pledged to the punctual payment of the principal
s/nd interest of this bond according e~ its terms.
In Witness Whereof, the said Town of Boynton has
caused this bond to be signed by its Eayor and Town Clerk,
and sealed with the corporate seal of said Town, and the~
interest coupons hereto annexed to be signed with the fac-
simile signature of its ~ayor and Town Clerk, and this bond
to be dated the 1st day of October, A.D. 1927.
Town 'Clerk
(Form of Coupon)
or.
530.00
April
On the 1st day of October, 191. , the Town of
Boynton, in the County of Palm Beach, Florida, will pay to
the bearer the sum of thirty dollars ($30.00) in Gold Coin
of the United States of America of the present standard of
weight and fineness at the Seaboard National Bank of New
York, in the City of New York, State of New York, or at the
office of the Town Treasurer of the Town, in said Town of
Boynton, Florida, at the option of the holder, bein~ six
months ~nterest then due on its "Street Improvement Bon~
Issue 1927" dated October l, 1927
2O
Town Clerk
Mayor
On the back of each bond shall be stamped, written
or printed the following:
"Validated and confirmed by decree of the Circuit
Coart of the Fifteenth Judicial Circuit of Florida, in and
for Palm Beach County, rendered on the day of
A.D. 19£ .
'Clerk Circuit Court,
Palm Beach County,
Florida."
12. All special assessments levied and imposed
in respect to the improvements aforesaid, shall constitute
a fund for the payment of the principal and interest of the
bonds authorized by this resolution, and in th~ event there
be a failure to collect and receive the said special assess-
ments in season to pay the principal and interest of said
bonds, the Town of Boynton shall levy and collect from all
of the taxable property within said Town, a tax sufficient
to pay such principal and interest at the same respectively
become due and payable.
13. That the Town Treasurer shall render to the
Town Commission of said Town, whenever he may be required
to do so, a statement showing the amount collected on such
aseessments, where the same is deposited, and the disburse-
ments therefrom, and any other information the Town Commission
of the Said Town may desire.
14. That the ~'own Treas~urer Shall pay from said
fund the interest on saie bonds as the same s'hall become due
and ~ayable, upon the surrender of the coupons representing
such interest, and shall pay off the aforesaid bonds at matu-
rity upon surrender of said bonds, and shall do such further
act in t~e premises as shall be necessary or adivsable to
properly protect the interests of the To'~5~, rendering to
the Commission when said improvements are completed, a de-
tsiled report af this transactions, and return ~,rlth the same
all cancelled coupons, bonds and any other papers relative
to the transactions.
16. The proceeds derived from the sale o£ said
bonds shall be paid over to the To~m Treasurer as such
Treasurer of the Town of Boynton, Floriaa, who shall deposit
such funds and proceeds in a bank or banks to be designated
by the To~m Commission; and the funds and proceeds of such
sale so received shall be disbursed only ~n check to be
signed by the Nayor and ~ountersigned by at least one other
member of the Commission, after resolution for such disburse-
ment shall have been passed and adopted by such Town
Commission.
16. All resolutions or parts of resolutions in
conflict herewith are hereby repealed.
5-Ir. Thos.~llcLaine appeared before the Commissio~
asking them for a reduction in his present taxes as well a~
his delinquent taxes, stating that he had a purchaser for
his property and he desired to clean the matter of taxes up.
Contmissioner Myers recommended that this matter
be held in abeyance at this time.
22¸
~ir. Hu~tchinson of the Ccncrete Engineering
and inspection Bureau of Lake :?orth, ~lorid~, appeared
before the Commission ~nd discussed the practicability
o£ constructing a ~ea Wall on the West ~hore of Lake
worth in Boynton.
There being no further business, the meeting
adj ourn~e d.
Mayor~
-r ! Vice'L~ayor
Tow~n Clerk