Resolution 2026 RESOLUTION NO. 2026
A RESOLUTION OF THE CITY COUNCIL OF THE
OITY OF MIAMI BEACH DIRECTINaOTICE
FOR THE SALE OF 4 300 ,000 PUBLIC MPROVE-
iviENT BONDS AUTHORIZED BY RESOLUTION
NO. 2011.
BE IT RESOLVED BY THE CITY COUNCIL OF THI4 CITY OF MIAMI
BEACH, FLORIDA:
SECTION 1. That the City Clerk is hereby directed
to publish at least ten days before the date for receipt
of bids hereinafter ststed, in The Sun, a newspaper pub-
lished in the City of Miami Beach , Florida, a notice
callin7 for bids for „; 300 ,000 Public Improvement Bonds
authorized by Resolution No. 2011 , and is authorized to
publish such notice in some financial journal or journ-
als published in New York City , which notice shall be
in substantially the following form:
300 ,000
CITY OF MIAMI BEACH, FLORIDA
PUBLIC IMPROVEMENT BONDS
Sealed bids will be received by the City Council ,
addressed to the undersigned and marked "Proposal for
Bonds" , until 10: 00 o' clock A. M. , August 7th, 1929 , for
the followin7 bonds of the City of Miami Beach:
300,000 Public Improvement Bonds maturing annual-
ly July 1 , .„ 2 ,000 1931 and 1932 , 16,000 1933 to 1937 ,
inclusive , and 18 ,000 1938 to 1949 , inclusive.
No option of Prior payment reserved. All bonds
dated July 1st , 1929 . Bidder to name interest rate not
exceedin7 six per cent. in a multiple of one-quarter of
one per cent . Principal and semi-annual interest pay-
able in gold at the Chemical Bank & Trust Company , New
York City. Denomination 4 1 ,000; registerable as to
principal only, general city obligations; unlimited tax
levy, subject to validation by decree of Circuit Court .
Legal opinion of Caldwell and Raymond, New York City;
certificption of bonds by Chemical Bank & Trust Company,
New York City.
Bids must be upon a printed form , which with addition-
al information as to the City, the bonds and the conditions
of biddin7, including requirement for certified check for
two per cent . of the par value of bonds being bid for will
be furnished by said Trust Company or the undersi7ned.
The right to reject any and all bids is reserved.
City Clerk
SECTION 2 . That the City Clerk shall cause to be
9rinted a prospectus containing statistical matter , a
form upon which bids must be made , and a notice calling,
for bids for said bonds,
SECTION 3 . That this resolution shall be in full
force and effect immediately upon its adoption.
PASSED AND ADOPTED this 8th day of July, A. D.
1929.
President of City Council
ATTEST:
City Clerk
v _
AIlam.01110.
MIMI%0111110
•w
tel 45qt.el
O`4
fes"' i
lJl v
0 " _ 0
0N•
•
::.
o 0 "--1
Feh c+
o �' Cw 0
H
oE Fi NO
M4 0 0
CD
CD CD
c+ O