UF00083631_00030.pdf

UF00083631_00030.txt

UF00083631_00030_pdf.txt

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10: covnnxon April 11, 1963 ;
FROM: 3111 JOHNSON

The following is information compiled this moaning be Mr. Hess
of the Turnpike. Shown in the payment made to each bank
handling Turnpike bonds to this date.

1. ATLANTIC NATIONAL BARK trustee.

A.Acceptance fee for accepting trust and setting
up sane ,
22,500.00
3. Out of pocket expenses for travel,phcne,postage.
3 1,212.78
C. Ice for roceseing 867 million refunding issue.
R 250.00

Io total paid *ruetee $22.2§2.2

8. The acceptance fee wee arrived at using current
2 honking schedules as follows:

let 8 million 8500 per million
Next 0 million 350 per million
Next 5 million 00 per million I
P. This gives a total of 890 million actuelly accepted

in tract.

0. Annual fees (non as yet paid) will be baeed on
the following schedule:

let :5 million 8300 per million
and, million 0200 per million
Next 5 million- 8100 per million
Everything in excess of 835 million 850 per million.

B. These fees will be based on the number of bonds
outstanding at the beginning of the fee year(calander yr.)

2. Miami Beach National Bank co-trustee.

A. Phyments in 1962: acceptance fee on new trust.

1,000
3% annual fee for administerint trust.
, total paid to date.

3. After the full length of the extension ie open the
annual fee will he 2/10 of 11 of the operating budget
of the Turnpike. which will be aoproximately 05,000

the first year.

3. 81'. PETERSBURG FIRST RATIO?! BANK co-trustse.

A. Paynents in 1962: 1,000 acceptance fee on trust.
annual fee.
, Total paid to date.

3. Annual fee based upon 2/10 of l of the operating
budget or the 'Pdke to: 1962. ( is budget was 81.6 aillior

k. FLORIDA umonu BANK 0' 081.

A. there have been two {gents aade to this institution
to date totalinl 012 .

r. The first pa nt was for work done on the redenption
of Hay l, l The bank redeeaed l 152 coupons at
a charge of SI each for a cost or 85§.60. Expenses
for postate brought this final coast to 86k.72.

y. For work done on the For. 1 1962 on the
redeaption or that dates 861.50. bers were
1,20h coupons redeemed at 5. each costing 060.20.
Postage added to this an unted to 1.30.

5. 88MB BANK AND TRUST COMPANY OF CHICAGO.

A. In! redemption of 11,11h coupons in the May 1, '62
redenption: 550.13.

x. This is broken down as follows:
1st 10,000 coupons at each ----8500

Nest l 11% coupons at ea. ----
Total Ogigtig

6. WET. 8mm EUSTCO.

A. Hay l, 1962 redeaptioo: 105}hL2 coupons at 2i¢ ea.
82.372.Â¥5

B. As this bank acts at the interest paying agent on
registered bonds there was an additodonal charge
of tsh7.7h for services on 82h,3hh,ooo res. bonds
at a rate or 2%! per $1000 principal asount.

Expenses for Kay 1, 1962 623.29
fatal Phid for hay 1, 1962 82.93.h8

Nose-her 1, 1962 redeaptionx 123.3%3 ggupons at Zie ea.
services on 325,6h0,000 re istered at 24¢ ea. per
.1000 principal anount O 6.90.

No expenses charged so total for 11/1/62 was:03,0Â¥7.65
Total Paid this institution: 35,991.13

HONDO




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