Resolution 9876 RESOLUTION NO. 9876
WHEREAS, it is estimated that as of January 1, 1959,
there will be in the Surplus Revenue Fund of the City of Miami
Beach Parking Revenue System, the sum of $474,348. 74, of which
Sun $121,340040 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
$121,340.40 be expended for the redemption and retirement of
Parking Revenue Bonds, Series 1950, in accordance with the
provisions of Resolution No, 7127, and to the extent that said
sum 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 Resolution, be and it is hereby authorized and directed,
in accordance with the provisions of Resolution No. 7127, to
call for tenders or redemption and to thereafter retire such
number of Parking Revenue Bonds, Series 1950, as said sum of
$121,340,40 permits, and
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 1st day of October , A.D. 1958.
Mayor
ATTEST:
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