Resolution 10403 RESOLUTION NO. 10403
WHEREAS it is estimated that as of January 1, 1961
there will be in the Surplus Revenue Fund of the City of Miami
Beach Parking Revenue System the sum of $532, 406.09, of which
sum $125, 345 .91 is required by the provisions of Resolution
No. 9651 to be expended for the redemption and retirement of
Parking Revenue Bonds in advance of maturity,
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY
COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, that the said sum
of $125, 345 .91, or such portion thereof as shall be required,
shall be expended for the redemption and retirement of Parking
Revenue Bonds Series 1950 , in accordance with the provisions of
Resolutions No. 7127 and 9651, and that the balance thereafter
remaining from said sum of $125, 345 .91 shall be expended for
the redemption and retirement of Parking Revenue Bonds, Series
1958, in accordance with the provisions of said Resolutions
No. 7127 and No. 9651, to the extent that the said balance so
remaining permits, and
BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE
CITY OF MIAMI BEACH, FLORIDA, that the Miami Beach First
National Bank of Miami Beach, Florida, the Depositary designated
in said Resolutions, be and it is hereby authorized and directed,
in accordance with the provisions of said Resolutions No. 7127
and No. 9651, to call for tenders or redemption, and to thereafter
retire all unretired Parking Revenue Bonds, Series 1950, from
said sum of $125 , 345 .91, and to call for tenders or redemption
and, from the balance thereafter remaining retire such number of
Parking Revenue Bonds, Series 1958, to the extent that said
balance permits.
BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE
CITY OF MIAMI BEACH, FLORIDA, that a duly certified copy of this
Resolution be transmitted to the Depositary, the Miami Beach
First National Bank of Miami Beach, Florida, as sufficient
evidence of the full and complete authority of said Depositary
to so act in the premises .
PASSED AND ADOPTED this 5th day of October, 1960 .
'16--JLU
Mayor
Attest:
//
City Cler/
OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA
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