Resolution 109 7--
RESOLUTION NO. 109.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MIAMI BEACH, FLORIDA, AUTHORIZING TTIE SALE OF
NINETY-TWO THOUSAND DOLLARS, SERIES C SIX PER CENT
CITY OF MIAMI BE ACH STREET I MPROVEMEN BONDS, OR
ANY PART THEREOF; DIRECTING THE CLERK TO GIVE
NOTICE OF THE TIME, PLACE AND CONDITIONS OF SUCH
SALE; AND PRESCRIBING THE FORK OF SUCH NOTICE.
BE IT RESOLVED by the City Council of the City
of Miami Beach, Florida:
Section 1. That said City of Miami Beach will offer
for sale Ninety-two Thousand (02,000.00) Dollars,Series C, six
per cent , City of Miami Beach Street Improvement Bonds.
Section 2. That the City Clerk of said. city be, and
he is, hereby directed to give notice by publication in the Miami
Daily Metropolis, a newspaper published in the City of Miami,
Dade County, Florida, and in the Bond. Buyer, published in the
City of New York, New York, that sealed bids for the said bonds
will be received by the City Council of said city until 7:30 P.M.
September x,off, 1920.
Section 3. That said notice shall be in substantially
the following form:
Ninety-two Thousand Dollars, Series C, Six per cent,
City of Miami Beach Street Improvement Bonds. Sealed
bids will be received by the City Council of the City
of Miami Beach, Florida, through the undersigned until
7 :30 P.M. September iv.* 1920, for the purchase of
the above bonds, or any part thereof, dated September 1,
1920, and maturing Nine Thousand Dollars yearly for
eight years, beginning 1922; and Ten Thousand Dollars
yearly for the years 1930 and 1931; Principal and semi-
annual interest payable through the United States Mort-
gage and Trust Company of New York City, said bonds being
prepared under their supervision and they will certify
to the genuineness of the signatures and of the seal
thereon. The legality will be assured by Chester B.
Mas elich of New York City, and copies of his opinion
will be furnished purchaser without charge. These bonds
are a general obligatioof the City of Miami Beach
and by authority of law-7a resolution of the City Council
of said city J►., general tax levy, without limit,has
been provided for payment of the principal and interest
of all of the above bonds. A certified check on a
solvent bank or trust company payable to the order of
the City Clerk of the City of Miami Beach, Florida,
for two (2) per cent of the par value of the bonds bid
for must ka accompany each bid.
Bids must be made upon a printed: form to be furnished
by the undersigned, or by the United States Mortgage &
Trust Company as aforesaid, and must be enclosed in
sealed envelopes marked "Bids for Bonds" . Bonds will
be delivered at the office of the said trust company,
55 Cedar Street,New York City, on or about September,301
1920, and must then be paid for.
The right is reserved to reject any and all bids.
City Clerk.
Adopted this 1st day of September, A.D.1920.
V-
Attest: �� /•res • - a , y ounc .
APPROVED this let ��ter� er - I MAYOR.
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