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O#123 ORDINANCE NO. 123 AN ORDINANCE OF r~W OF BOYNTON~ P~[~i BEACH COUNTY~ FLORiDR~ FIXING A T2~ RATE 0R ~I(iNG A T~ ~f' FOR GENERAL ~PENSE AND SiNKiNG F~D A~ INTER~ST REQUIRE~[~TS UPON TI~ !NDEBT~NESS 0F THE T0~ 0F BOYNTON~ PAZ[~[ BE~CH COU~Tf~ FLORZDA~ FOR O~ TI~ FISCAL I~AR BEGINNYNG .... ~avw~ww~ ~.~ i~ !~o2 ENDING 0C~0BER 3!~ BE iT 0RDA~IED by the Board of Town Commissioners of the Town of Bo~n~on~ Pa~ Beach County~ 1, That there be and there hereby Is levied upon all of taxabls ~ _ prope~ oy, both real and Oersonal~ within the Town of Boynton~ Palm Beach County~ Florida~ a General Tax to provide for the ~ner~l Expense of said To~ as orovided in th~ Budget items set forth in Ordinanc~ No. 1B~, to-wit: A Tax sufficient to rpoduce the s~ of Eleven Thousand Eight Hundred S~v~nty Four Dollars and Forty Nine Cents B~ ~t there be and there hsreby is levied upon all of th~ _ w_~hzn the Tov~ of taxable property~ both real and persona!~ ~ ' _ Bo~ton~ Palm Beach County~ Florida~ a Soeoial Tax for the ouroose of Providing !nteresb and S~_nking Fund monies to be used ~ the pa]~ent of Interest and the ~demption of Princioai upon tho Indebtedness~ of the Town of Boynton~ Palm B~ach County~ F!orida~ the s~m of Thirty Five Thousand Six Hundred Twenty- Three Dollars and Forty~Seven Cents (~ 3, That said ~axes he_emnbezore referred to, be and the same horeby are apportioned to and levied against all the ta~- able property~ both real and oersonai~ within the Corporate its of the Town of Bo~ton, Palm Beach Co~ty~ Florida~ in pro- portion to the assessed valuation of such property, The marion of all of the taxable pz~operty~ both real and personal~ situated within the Corporate Liners of the said Town of Boynton~ Palm Beach County~ Florida, for the taxable year t.932~ which is the fiscal year ending 0otober 31, 1933 as shovm by tiaa Tax Assessment Roll prepared by the Tax Assessor of the said Town of Boyntoh, being hereby fixed at One Million, One H~dred EiLhty Nine ~housand, Seven Hundred and Forty Nine Dollars (~1,189,V49.00) 4. That said Tax be extended npon the Tax books of the Town of Boynton~ Palm Be~h County~ Florida, in the proper millage proportionate to the valuation thereof as returned by the Tax Assessors that is~ that the z~llage thereof be es follows, to-wit: Administrative Deoartment Police Departmen~ Fire Department Water Department Sanitary and ~aintenance Accounts Payable Notes or Certificates of indebtedness Payable TOTAL FOR GE~ERAL PURPOSES 2.388 o6VV .522 .942 1.302 3.361 ~808 !0o00 Ni!is ~NTEREST ON OUTSTANDING Ih~EBTEDNESS Interest s.t ~ per cent on Certificate of Indebtedness in favor of Florida Power & Light Company, dated November ~0th~ ~$1, due December ~lst, Interest at V per oent on Certificate of Indebtedness in favor of Florid~ Power & Light Company, dated~.~July lst~ 1932, due July lst~ 1933. Interest at 6 per cent on Note in favor of American- La France and F0a~Xte Co,~ dated July 21~t, 1932~ due .0981 .0712 INTEREST ON OUTSTAhH)!NG INDEBTEDNESS (Continued) Interest at 6 per cent On Note in favor of American- La France and F0amite Co., dated July ~!-st, 193~ due July 21st, 1935 0341 Interest at 6 per cent on Note in favor of D~aeriasm La France and Foamite CO.~ dated August 21st, 1932, due August 2ist, 1938. Fifty per cent (50%) of Interest Coupon No. due April Ist~ 1933~ from Bonds issued by the Term of Boynton~ Fiorida~ under date of October !st~ 1923~ of which issue there outstanding ~d unpaid ~80~000,00 in principal amo~t~ together with overdue and accrued int- erest~ which Bonds are numbered as follows: .0256 No. 5 to No. both inclusive o1516 No. 22 to No. 25, both inclusive. ,0505 No. 26 to No, 30, both inclusive. .0632 Nee 31 to No. 85~ both inclusive. .6316 Fifty per cent (50%) of interest Coupon due October lst~ 1933~ from Bonds issued by the Totem of Boynton, Florida~ under date of October ist, 1923, of wt~ich issue there is out- standing and unpaid $80~000.00 in princioal amount, together with overdue and accrued interest~ v?~iah Bonds are n~uubered as follows:- No. 5 to No. both inclusive. .1516 No. 22 to No. both inclusive. No. ~6 to No. 30, both inclusive. .0505 .0632 INTE~ST ON OUTSTA_~D._~G ±ND~BT~Di~ESS No, 31 to Nos 85, both inclusive. Fifty per cent (50%) of Interest at six per cent, for one year~ due October lst~ i933~ on Bonds Num- bered ! to 4~ both inc!usive~ which Bonds were issued by the Tovm of Boynton~ Florida~ under date of October ist~ t923~ of v£~ich issue there is outstanding and unpaid ~80,000,00 in principal amount, together with over- due and accrued ~terest~ the said Bonds No. 1 to No. 4, both inclusive~ .having matured one each year during the years 1929~ 1930~ !931 ~m_ld 1932, and therefore have no interest Fifty per cent (50~) of Znterest Coupon clue April tst, !933~ f~om Bonds issued by the Town of Boynton~ ?torida under date of October !st, 1924~ of which issue there is outstanding and unpaid ~lO0~000,00 in principal amount~ together with overdue and accrued int- erest, which Bonds are numbered as follows No. 89 to-No. !85~ both inclusive. Fifty per cent (50%) of interest Coumon-Noo t8~ due October lst~ i933~ from Bonds issued by the Town of Boynton~Ftorida~.under date of October lst~ t924~ of which issue there i~ outstanding and unpaid ~100,000.00 i~ principal amo~mt, together with overdue and accr~aed i~t- erest~ ~Wnich Bonds are numbered as No. 89 to No, 185, both inclusive° (C out inued ) .6316 .0505 1.2253 1.2253 INTEREST ON 0UTST_~[DING INDEBTEDNESS Fifty per cent (50%) of Interest at six per cent~ zo_ one year~ due October !st~ !933~ on Bonds Num- bered 86 to 88~ both inclusive~ w~hich Bonds were issued by the Town of Boynton~ Fto~ida~ under date of October !st~ t924~ of which issue tne..e is outstanding and unpaid ~100~000.00 in principal amount~ together with over- due and accrued interests. the said Bonds No, 86 to No. 88, both inclusive~ having matured one each year'during the years t930~ 19.31, and i932,sand therefore ~have no-interest coupons aD~oxod~ ( C out inued ) .0V59 Fifty per cent (50%) of Interest at Six per cent~ for one year, due June 1st, 1933, on the following n~bered Bonds, which Bonds were _ssuea by the Town of BoFuaton~ Florida~ ~mder date of Jzu~o tst, 1926~ of which issue there is outstanding and unpaid ~50~000,00 in Drincipal amount, together with over- due and accrued interest, Bonds No. 35, 35 and 38 to 51~ both inclusive, having matured during the year !929~ Bonds No. 52 to 68, both inc!u- sive~ having matured dur- ing the year 19305 and Bonds' No. 69 to 85, both inclusive~ having matured during the year 1931; therefore these Bonds have no Interest Coupons annexed:- Bond No. 35 and No~ 36 .0253 Bond No. 38 to-No. 51, both inclusive. .353V Bond No. 52 to'No. 58¢ both inclusive. ,1V69 Bond No. 59 to-62~ both inclusive. Bond No. 63¢64, V3 and V6 .10!i ,!0!i iNTE~ST ON OUTSTA~?DZNG II~EBTEDNESS Bond No. 65 to-No. both inclusive. Bond No. V0, ~l end (Continued) .1~63 .0759 Bond No. V4~ VS~ VV and V8 .1011 Bond No. V9 and 80 .0505 Bond No, 8.1 to'No. 85 both inclusive. 1263 Fifty per cent (50%) of Interest Coupon No.'13~ due April 1st, 1933, from Bonds iss~ed by the To~m of Bo~r~ton, Florida~ under date of October 1st, 19~G~ of which issue the~e is outstanding and unpaid $134~000,00 in principal amount, toghether with overdue and accrued int- erest~ which Bonds are numbered as follows:- Bond No. 21 to N0~ 24, both~inc!usive; Bond No. 31 to No. 34~ both'inclusive; Bond No. 41 to No. both inclusive; Bond No. 51 to No. 54, both inclusive; Bond No. 61 to No. 64, both'inclusive; Bond No. V1 to No; both'inclusive~ Bond No. 81 to No. both'inclusive; Bond No. 91 to No. 94~ both inclusive~ Bond No. lll to NO. llS~ both-inclusive; Bond No. l~l to NO. !28~ both inclusive$ Bond No. 141 to NO. 148~ both inclusive; Bond No. i51 to NO. 168, b otb~ inc lus ire ~ Bond No. lB1 to NO. 183~ both~ inclusive $ Bond No. 201 to NO. 211, both-inclusive$ Bond No. ~29 to No. 23V~ both inclusive$ Bond No. 184 to NO. t88~ bot~ inclusive. 1,0990 .063~ Bond No. ~6~ to NO. ~68~ both.'inciusive; 30. 291 to No. both inclusivs. (C ont ihued ) Bond No. 295 and No. 319 Bond No. 342 to No. 348~ both-inclusive; Bond No. 3V5. .1263 Bond No. 320 to N6. both inclusive. .0632 Bond No. 3V8 to N0. 380~ both inclusive. .0632 Bond No. 405 and No, 406 .0253 Bond No. 407 .0126 Bond No. 408 saad No, 409 ,0253 Fifty per cent (50%) of Interest Coupon No. due October 1st, 1933, from Bonds issued by the Town of Boynton~ Florida; under date of October 1st, 1926, of which issue there is outstanding and unpaid $134,000.00 in principal amount, together with overdue and accrued int- erest, which Bonds are numbered as follows:- Bond No. 21 to No; 24~ both inclusive; Bond No. 31 to No; 34, both inclusive; Bond No. 41 to N~, 44~ both inclusive~ Bond No. 51 to No, 54~ both~inclusive; Bond No. 61 to No, 54, both'inclusive; Bond No. V1 to No. V4, both inclusive ~ Bond No. 81 to No; 84~ both'inclusive~ Bond No. 91 to No. 9~ both inclusive; Bond No. lll to No. llS, both-inclusive~ Bond No. 121 to NO. lB8, both'lnclusive$ Bond No. 141 to N6. 148 both inclusive$ INTE~WEST ON OUTSTANDING INDEBTEDNESS Bond No. !6i to No. 168, both~ inclusive ~ Bond No. 181 to NO. 183, both' inclusive $ Bond No. 201 to No. 211, both inclusive $ Bond No. 229 to Nb. 23V~ both inclusive. ( C out inued) 1.0990 Bond No. 184 to N6. !88~ both inclusive. .0632- BonO. No. 263 to NO. 268~. both inclusive; Bond No. 291 to NO. 294, bOth inclusive. .,1263 Bond NOo 295 and N0. 319 Bond No. 342 to Nb. 348, both inclusive. .1263 Bond No. 320 to N0. 324 both inclusive. e0632 Bond No. 3V6 to NO. 380, both inclusive. e0632 Bond No° 405 and. No. 406 ,0253 Bond No. 40V Bond No. 408 and No. 409 .0126 °0253 Fifty per cent (50%) of Interest at Six per cent~ for one year, due Octobe~ 1st, 1933~ on the following numbered Bonds, which Bonds were issued by the Town of Boynton, Florida, under date of October 1st, 1926, of '~hich issue there is Outstanding and unpaid $134,000.00 in principal amount, together with overdue and accr~aed interest~ Bonds No. I to No. 4, both inclusive~ having matured during the year 1931, and Bonds No. 12 to No. 14,' both inclusive~ having n~atured during the year 1932; therefore these Bonds have no interest Coupons annexed:- Bond No. ! ,0253 Bond No. 12 to No. 14, both inclusive. ,0V59 INTEREST ON 0UTSTANDZNG INDEBTEDNESS Bond No. 2 to No. 4, both inclusive. (continued) ,0759 Fifty per cent (50%) of Interest Co-~oon No. 9~ due April 1st, 1953, from Bonds issued by the Tovm of Boynton, Florida, ~mder date of October !st~ 1928~ of which issue there is outstanding and ~mupaid $298~000o00 in principal sm~ount, together with over- due and accrued in~erest, which Bonds are nu~oered as follows:- Bond No. 14 to No, both.inclusive; Bond No. 48 to No. 315~ both inclusive° 3,7635 Fifty per cent (50%) of interest Coupon No. 10, due October 1st, 1933~ from Bonds issued by the Tovm of Boynton, Florida,' under date of October 1st, 1928, of which issue there is outstanding and unpaid $298~000.00 in principal amount, togetlaer with over- due and acorn, ed interest~ vf_aich Bonds a~e numbered as follows:- Bond No. 14 to No, 43, both inclusive; Bond No. 48 to No; 315~ both inclusive. 3,V635 Fifty per cent (50%) of Interest at eight per cent~ for one year~ due November 29th, 1932 on Judgement entered in the U. S. District Co~t at Eiami, Florida~ in favor of the ~;~,~ite Construction Company, under date of November 29th, 1929, in the sum of $231,295o52~ in principal amount, together with over- due and accrued interest, v. Vgl~ Interest at eight per cent for One year~ due I~ay 1st, 1933, on Lien C~rtificates of Indebtedhaess, dated May 1st, 1928, of which INTE~ST ON 0UTSTAA~ING INDEBTEDNESS there is outs~anaLuo and ~mnpaid- ~23~85V. 84 in principal amount, together with overdue and accrued interest. TOTAL MILLAGE FOR INT~_~_ ON OUTSTANDING (Cont inued ) !.60V3 26~ 1836 Mills P~DEMPTION OF OUTSTANDING IND~TEDNESS Fifty per cent (50%) of Bond No. 5~ issued by tho Town of Boynton,.F!orida, under date of October lst~ 1923, due October !st, 1933. Fifty per cent (50%) of Bond No. 4~ issued by ~the Town of Boynton, Florida~ under date of October tst~ ~1924, due October Ist~ 1933. Fifty per cent (50%) of Bon~os N . 21 to No. 24~ both inclusive, issued by the Term of Boynton~ Fiorida~ under date of October-lst~ !926~ due October !st, !933. Fifty per cent (~0%) of Bonds No. 21 t5 No, 30~ both inclusive, issued by the Town of Boynton~ Florida, ~mde~ date of October Ist, 1928~ due OctobeP !st~ 1933~ o183V .183V .V549 !,83V3 Ten per cent of Lien Certificates dated ~y ~st~ 1928~ dna May !st~ 1933. .8768 TOTAL MILL~.GE FOR REDEMPTION OF 0UTSTAlfDiNG INDEBTEDNESS. TOTAL MILL~,(GE 3.8164 Ellis 40.0000 5. That the Treasurer of the Town of Bo~ato~Paim Beach County~ Florida be and he hereby is DJuthorized~ Instructed and Directed to set aoart in separate fuaads the proper pro-rata portion of all sums of money i~ereinafter 'collected~ in com- pliance with the Tax levy hereinabove set forth for the fiscal year beginning November Ist, !932, and ending 'October 31~ 1933~ the said amc-rants so ~utz~o_ mze~, directed and instam~.cted to be set aside in separate ~und. s to be ~sed exclusively for the pay- ment of each individual iter~of interest on the Outstanding In- debtedness and Redemption of the Principal of the Outstanding Indebtedness as herein~LbOVe specifically set forth. BE IT FURTH~ER 0~D~ ~nat the passage 0R~DINANCE is urgent an vation of the public ~Ii~ED~ ~nd adoption of tlae above and foregoing is essential to the immediate preser- ac~ of the Tov~m of Boynton, Florida~ by reason of the same providing funds for the proper adminis- tration of the affairs of said Town~ and that an emergency does exist for the immediate passage mud adoption of s~_ch ORDINANCE, BE IT FURTHER 0RDAINED~ That the above and foregoing 0RDINANCEBEING AN ORDINANCE Fixing a Tax rate or making a Tax Levy for General expense and Sinking F~md and Interest Requirements upon the Ir_debtedness of the Term of Boynton, Palm Beach County, Florida, for the fiscal ~a_ng October 31~ i933~ year begin.ning November I, !9'3S and be ~nm the same hereby is PASSED Ai\~ ~0PTED this Eleventh day of 0ctober~ a.D. ~ 1932, being a Special Meeting of the mission of the Tovm of Boynton~ and being the Meeting at v~ioh the sams was introduced, (Signed) H.D. S~VEl~S ( Si gned ) FRANK NUTTING (Signed) J.P. BOWEN Tcl~m Con, missioners of the Tow~ of Bo~mton, Passed and g~dopted th s the ~zghueenth day of October A.D. t932. (Signed) H.D. STEVENS Signed) P R~&NK NUTTY? G (Signed) J.