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Resolution 80-16230 RESOLUTION NO. 80.16230 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING RESOLUTIONS NOS. 13041-A, 13079 AND 73-13942 OF THE CITY COUNCIL, NOW CALLED THE CITY COMMISSION, TO INCLUDE THE ADDITIONAL ALTERNATIVE PURPOSES AUTHORIZED AT AN ELECTION HELD ON NOVEMBER 6r 1979, WHEREAS, the City Council, now called the City Commission, adopted on June 24 , 1910, Resolution No. 13041-A authorizing the issuance of $2, 500, 000 General Ohiiyation Bonds entitled "Waste Disposal' Facility and Bonds" ; WHEREAS, the City has issued $2,500,000 of said Waste Disposal Facility Bonds; and WHEREAS, there remains $2 ,414 , 919 of unexpended proceeds of the Waste Disposal Facility Bonds; and WHEREAS, the City Council, now called the City .1o,ramis s ion, adopted on August 17, 1970 , Resolution No. 13079 authorizing the issuance of General Obligation Bonds including, $1, 500 ,000 '!Biscayne Bay Public Park Acquisition • Bonds" ; and . WHEREAS, -the City has issued $1, 500 ,000 of said Biscayne Bay Public Park Acquisition Bonds; and WHEREAS, there remains $384 , 622 of unexpended proceeds cf the Biscayne Bay Public Park Acquisition Bonds; WHEREAS, the City Council, now called the City Commission, adopted On March 7, 1973 , Resolution No. 73- 13342 3---13c 2 authorizing the issuance of General Obligation Bonds including, $2 ,500 , 000 "1973 Park and Recreation Land Bonds (Series 2B) " ; and WHEREAS, the City has issued $2, 500, 000 of said 1973 Park and Recreation Land Bonds (Series 2B) ; and WHEREAS, there remains $1, 419, 996 of unexpended proceeds of the 1973 Park and Recreation Land Bonds (Series 2B) ; and WHEREAS, the City has determined that it would be in the best interest of the inhabitants of the City if such unexpended bond proceeds may be used for the alternative purposes , hereinafter stated, which would benefit the health and welfare of such inhabitants, in addition to those purposes originally authorized under the proceedings which authorized the particular bonds; and WHEREAS, in order to provide for the use of such unexpended bond proceeds for additional purposes other than those originally authorized under the proceedings which authorized the particular issue of bonds, it was necessary for the City to submit to the qualified electors of the City such additional purposes at an election duly held on November 6, 1979 ; and WHEREAS, the duly registered and qualified voters of the City of Miami Beach, participating in the election held according to law in the City of Miami Beach, Florida, on November 6, 1979 , authorized the amending of said Resolutions Nos . 13041-A, 13079 and 73-13942 of the City Council to include the additional alternative purposes hereinafter stated. NOW, THEREFORE, BE IT RESOLVED BY THE CITY CSC taSSION OF THE CITY OF MIAMI BEACH, FLORIDA: Section 1. That pursuant to said election, Resolutions Nos. 13041-A, 13079 and 73-13942 are hereby amended to include the following alternative purposes , 'construction of new, or improvement of existing, handball courts, golf courses, club houses, parks, community centers and other recreational facilities ; improvements to the City' s libraries, museum and Garden Center; im- provements to the City' s Police, Fire and Sanitation • e facilities and capital equipment; construction and improvements to the City' s streets and sewers; and im- provements and additions to the City' s public beach and park facilities" . Section 2. That such unexpended bond proceeds referred to in the preamble hereof shall be used for either those purposes originally authorized under the proceedings which authorized the particular bonds or those additional purposes approved by the qualified electors of the City in accordance with the election held on November 6, 1979. Section 3. That this Resolution shall be in force and effect immediately upon its adoption. PASSED and ADOPTED this 19th day of March 1980 . N'\\20 , \*\ ' + Ma o r y ATTEST: (SEAL) City Clerk OFFICE OF THE CITY ATTORNEY ' dy‘Amit ward F L O R I D A ROBERT L. SHEVIN .*INCOR T*: CITY ATTORNEY ''7,p -�.1°�� TELEPHONE :673-7470 ''Cfl 26 COMMISSION MEMORANDUM NO. A92,Li/ DATE : February 6 , 1980 TO: Murray Meyerson, Mayor, and Members of the City Commission City Manager Harold T. Toal FROM: Robert L. Shevin z_a6-E \1/4 City AttorneytA , ))-N , SUBJECT: ALTERNATIVE PURPOSES FOR $4 . 3 MILLION MIAMI BEACH GENERAL OBLIGATION BONDS In mid 1979 the City Administration identified approxi- mately $4. 3 Million in principal amount of unexpended general obligation bond proceeds of the City of Miami Beach. The bonds had originally been issued for projects which were either completed under budget, or abandoned in whole or in part. Representatives of the City Attorney' s office and the Administration conferred with Bond Counsel to determine the City' s alternatives with respect to these bond proceeds. Following that meeting the Administration recommended to the previous City Commission that the purpose for which the bond proceeds could be expended be amended in such manner as to allow for current capital needs of the City as identified by the Administration. In furtherance of that alternative a measure was placed on the November 1979 ballot to amend the purposes (copy of the ballot language is attached hereto for your reference) . The measure was approved by the electorate. The only step remaining to officially amend the purpose for which subject bond proceeds may be expended is to adopt a resolution attached hereto which formally amends the subject bond resolutions. Upon passage of this resolution, the City Commission will then be able, in its discretion, to appropriate all or portion of the subject bond funds as it deems appropriate to various pro- jects falling within the defined purposes as expanded. Because borrowing costs at the time of issuance of the subject bonds were low relative to present borrowing costs and there are no significant issuance costs involved, the subject alternative was recommended by the previous Administration. How- ever, if this Commission is not desirious of pursuing projects falling within the expanded purposes we can present various other alternatives to the City Commission with respect to the disposition of the $4. 3 million in unexpended bond proceeds. RLS/AHM/mcs Enclosures • 7 141 AGENDA ITEM DATE i • QUESTION 2 : Shall the following additional alternative purposes : Construction of new, or improvement of existing, O xisting, handball courts, golf courses, club houses, asks community centers and other recreational p ` facilities; improvements to the City 's libraries, museum and Garden Center; improvements to the i City's Police, ce, Fire and Sanitation facilities and capital improvements equip- ment; construction and im p nts to the City 's streets and sewers; and improvements and additions City's uadlt1ons to the public beach and park facilities, be approved for the unexpendedroceed • Waste FacilityP s of the City' s Bonds (the unexpended bond proceedsare $2, 414 , 919) , Biscayne Bay Public Park Acquistion Bonds (the unexpended bond proceeds are $384,622) , and 1973 Park and Recreational Land Bonds (the unexpended bond proceeds are $1, 419, 996) , and the purpose the City ' s 1972 OceanfrontP P for which Park Bonds (originally authorized in the amount of $1,500,000.00) are1 be authorized to be issued amended to include the additional purpose of acquiring improving oceanfront property for park purposes? MAKE A CROSS (X) AFTER YOUR CHOICE: FOR THE MEASURE AGAINST THE MEASURE OFFICE OF THE CITY ATTORNEY- 1700 CONVENTION CENTE9RIVE -MIAMI � BEACH,FLORIDA 33139 142 • • RESOLUTION NO. 13O41 -A A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING ISSUANCE OF NEGOTIABLE COUPON BONDS IN THE AMOUNT OF $2, 500 ,000 . 00 , FOR THE PURPOSE AUTHORIZED AT AN ELECTION HELD ON APRIL 23, 1970 . WHEREAS the duly registered and qualified voters of theCity of Miami Beach, who are freeholders therein, participating in the election held according to law in the City of Miami Beach , Florida, on April 23 , 1970 , authorized the issuance of negotiable • coupon bonds of the City of Miarn Beach, in the sum of $2 , 500,000 . 00 , for solid waste disposal facility bonds ; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA : - . LORIDA : -. SECTION 1 : That pursuant to said election , Two Million Five Hundred Thousand Dollars ( $2 , 500 ,000 . 00 ) of negotiable coupon bonds of the City of Miami Beach, Florida, be issued bearing interest at a rate to be hereafter determined, not exceeding the highest rate of interest permitted by law, per annum, payable semi-annually , on the first day of August and February of each year, which interest shall be evidenced by coupons attached to the principal bonds , and both principal and interest shall be payable the lawful� p p le in ul money o f the United States of America at Chemical Bank New York Trust Company , p Y which bonds shall be registrable as to principal in accordance • with the endorsement which this resolution directs ' to be printed on said bonds and that the City Clerk of said City is hereby designated Registrar for that purpose . SECTION 2 : Said bonds shall be issued in One (1) Series and in the amount as follows : SERIES 1 : For the purpose of participating . with the Federal Government on a 2/3 Federal and. a 1/3 City cost participation program involving the planning, site, acquisition and construction of facilities for the disposal of garbage , rubbish and similar solid wastes . $2 ,500 ,000oo Said Series 1 bonds in the principal amount of 32 ,500 ,000 . 00 shall be known as "Waste Disposal Facility Bonds" , and shall be numbered and mature as follows : MATURING NUMBERED AMOUNT Aug. 1,1971 1 $ 5,000 . 00 1972 2 5,000 . 00 1973 3 5,000 . 00 1974 5,000 . 00 • 1975 5 5 ,000 . 00 197.6 6-3.5 50 ,000 . 00 1977 16-p27 60 000 . 00 1978 28-39 60 000 . 00 1979 40-51 60 ,000 . 00 1980 52. 70 95 000 . 00 �_-- OFF CC OF CITY ATTORN►:Y-1130 WA:MINCTON AIIEN -w----MIAMI BEACH, FLORIDA 33139 } 1. MATURING NUMBERED AMOUNT Aug. 1,1981 71-91 $105 ,000 . 00 1982 92-113 135 ,000 . 00 1983 119-149 155 ,000 . 00 1984 150-180 155,000 . 00 1985 181-220 200 ,000 . 00 1986 221-265 • 225 ,000 . 00 1987 266-320 275 ,000 . 00 . 1988 321-375 275,000 . 00 • 1989 376- 430 275 ,000 . 00 1990 431-500 350 ,000 . 00 SECTION 3 : That said bonds shall be callable for redemption as shall be hereafter determined by Resolution ' to be adopted by the City Council . Notice of such intended redemption in each case shall be published at least once , at least thirty (30 ) days prior to the date of redemption, in a •• financial journal published in the City of New York, New York Interest shall cease to accrue on any bonds so called for prior redemption on the redemption date if adequate funds have been duly provided for the redemption thereof. SECTION. 4 : That all of the bonds herein authorized and referred to in Section 2 of this Resolution, shall be in the denomination of $5 ,000 . 00 each, and shall be designated Public Improvement Bond 1970 , followed by a brief description of the purpose as hereinabove provided and shall be alike in form, except as to statement of series , purpose and the dates of maturities and numbers , and the form of said bonds , coupons and registration endorsement , as well as the manner of execution of said bonds and coupons, and certificates of validation shall be substantially as follows : No. UNITED STATES OF AMERICA $5 ,000 . 00 STATE OF FLORIDA, COUNTY OF DADE CITY OF MIAMI BEACH PUBLIC IMPROVEMENT BOND (Here insert Series No . and statement of purpose) KNOW ALL MEN BY THESE PRESENTS that the City of Miami Beach in the County of Dade and State of Florida, is justly indebted, and for value received, hereby promises to pay to the bearer, or if registered to the registered owner hereof, on the 1st day of August , 19 , the principal sum of $5 ,000 . 00 DOLLARS with interest thereon at the rate of per cent per annum, payable semi-annually , on the first day of February and the first day of August in each year, upon the presentation and surrender of the annexed interest coupons as they severally become due . Both the principal and interest of this bond are payable in lawful money of the United States of America, at the office of Chemical Bank in the City of New York. For the prompt payment hereof , both principal and interest , as the same shall become due , the full faith, credit and resources of said City of Miami Beach are hereby irrevocably pledged . This bond is one of a series of like tenor, date and amount , but maturing at different times , issued by said City for the purpose of paying the cost of certain public improvements in the City of Miami Beach, Florida, as stated :in the caption hereof and more particularly described in -2- OFFICE -2-OFFICE OF CITY ATTORNLY--1130 WA51UINGTON AVENUE--MIAMI BEACH, FLORIDA 33139 • Resolution No. 12983, of the City Council of said City, passed and adopted on March 20, 1970, under the authority of and in full compliance with the Consti- tution onsti- tution and Statutes of the State of Florida, including Chapter 100, Florida Statutes, and the City Charter, being Chapter 7672 of the Laws of Florida of 1917, and Acts amendatory thereof and supplemental thereto, and has been authorized and approved by a majority of the votes cast in an election of the qualified voters of the City, which election was called and held and the result declared and recorded in the manner prescribed by law. (Insert redemption provisions determined by subsequent resolution) It is hereby certified and recited that all acts, conditions and things required to happen, exist or to be done precedent to and in the issuance of this bond by said charter and the laws and Constitution of the State of Florida, have happened, exist and have been performed; that provision has been made for the levy and collection of a direct annual tax upon all taxable property within said City, sufficient to pay the interest and principal of this bond as the same shall become due and that the total indebtedness of said City, including this bond, does not exceed any constitutional or statutory limitation thereof. This bond may be registered as to principal in accordance with the provisions endorsed hereon. IN WITNESS WHEREOF, the said City of Miami Beach, Florida, has caused this bond to be executed by its Mayor and attested by its City Clerk and Finance Director (the facsimile signatures of said Mayor and City Clerk and Finance Director being imprinted or reproduced on this bond, and on the validation legend appearing hereon, provided that at least one of said officers shall manually apply his signature on said bond) ; and the corporate seal of said City has been impressed or imprinted hereon, and the interest coupons hereto attached executed by said officials by their facsimile signatures, all as of the 1st day of August, 1970. Mayor Attest: City Clerk and Finance Director (Form of Coupon) NO. $ On. the 1st day of , 19 , the City of Miami Beach, Florida, will pay to the bearer at the Chemical Bank, New York City, New York, the sum of Dollars in lawful money of the United States of America, as provided in and for the interest then due on its Public Improve- ment Bond, Series , dated the 1st day of August, 19 , and numbered Mayor Attest: City Clerk and Finance Director - 3 - OFFICE OF CITY ATTORNEY -113® WASHINGTON AVENUE-•-MIAMI BEACH, FLORIDA 33139 w • • ENDORSEMENT CONCERNING VALIDATION This bond is one of a series of bonds which were validated and con- firmed on- firmed by decree of the Circuit Court of the Eleventh Judicial Circuit of of the State of Florida in and for Dade County, rendered on 197 ENDORSEMENT CONCERNING REGISTRATION This bond may be registered in the name of the holder on the books to be kept by the Chemical Bank, as Registrar, or such other Registrar as may hereafter be duly appointed, as to principal only, such registration being noted hereon by such Registrar in the registration blank below after which no transfer shall be valid unless made on said books by the registered holder or his attorney duly authorized and similarly noted in the registration blank below, but it may be discharged from registration by being transferred to bearer after which it shall be transferable by delivery, but it may again be registered as before. The registration of this bond as to principal shall not restrain in the negotiability of the coupons by delivery merely, but the coupons may be surrendered and the interest made payable only to the regis- tered holder, in which event the Registrar shall note in the registration blank below that this bond is registered as to inerest as well as principal and thereafter the interest will be remitted by mail to the registered holder. With the consent of the holder and of the City of Miami Beach, this bond when converted into a bond registered as to both principal and interest, may be reconverted into a coupon bond and again converted into a bond registered as to both principal and interest as hereinabove provided. Upon reconversion of this bond, when registered as to principal and interest into a coupon bond, coupons representing the interest to accrue upon this bond to date of maturity shall be attached hereto by the Registrar. The Registrar shall note in the registration blank below whether this bond is registered as to principal only or payable to bearer. DATE OF REGISTRATION NAME OF REGISTERED OWNER REGISTRAR SECTION 5. That in each year while any of the bonds referred to in Section 2 of this resolution shall be outstanding, there shall be levied on all of the taxable property within said City, a direct annual tax sufficient to pay the principal and interest falling due in the following year upon said bonds, which tax shall be collected as other City taxes are collected and shall be used for no other purpose than the payment of said principal and interest. SECTION 6. That the City Attorney is hereby authorized and directed to pro- ceed in the name of said City to have: said bonds validated by the Circuit Court of Dade County, Florida. - 2 - OFFICE OF CITY ATTORNEY 1130 VIASSINGTO X AVENUE---ML.:J i 5!ACN, FLORIDA 33139 I • w ' . • :T TCN 7 . That :laic: bond ::h,ia.l be e> • c ,.,.. GGL.�.c:d inth �� i c.:i.r.; of the City by the Mayor Lid at:tusted ccy tht.: City Clerk and Finance Director, one of which ::::i.gr ture mc.47 .e a facsimile signature, and shall have affixed thereto or prin :ec or i c pr od sed 'thereon the corporate seal of r t .e City. In case any one or more of the officers who shall. :.ave signed or sealed any of the bonds shall cease to he such officer of the City before the bonds so signed and scaled have been actually sold and delivered, such bonds may nevertheles he sold and delivered as herein provided and may be issued as if the person who signed or sealed such bonds had not ceased to hold such office. Any bond may be signed and scaled on behalf of the City by such person as at the actual time of the execution of such bonds shall hold the proper office in the City, although at the date of such bonds such' person 1.�C.'1 �G.��O.. r►'►a j not have held such office or may not have been so authorized. The coupons to be attached to the bonds shall be authenticated with the facsimile signatures of the present or any future Mayor and City Clerk and Finance Director, and the City may adopt and use for that pur:nose the facsimile .signature of any of said parsons who shall have been such ' officers at any time on or after the date of the bonds, notwithstanding that they may have ceased to be such officers at the time when said bonds shall be actually sold and delivered. • SECTION 8. That this resolution shall be in force and effect immediately upon its adoption. PASSED and ADOPTED this 24th , day of June, 1970. • • • • (Signed) Jay Dermer • Mayor • Attest: (Siqned) Ruth B. Rouleau City Clerk-Finance Director (SEAL) • 01•1'LC 0? CITY AirCA:NLY••-•Z 1 v0 WALi iINvV u;` :+V.NUS---McAA�l i,..AC L ..u.:i: : ►� RESOLUTION NO. 13079 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING ISSUANCE OF NEGOTIABLE COUPON BONDS IN THE AMOUNT OF $2, 500, 000 FOR THE PURPOSES AUTHORIZED AT AN ELECTION HELD ON APRIL 23, 1970. WHEREAS, the duly registered and qualified voters of the City of Miami Beach, participating in the election held according to law in the City of Miami Beach, Florida, on April 23, 1970, authorized the issuance of negotiable coupon bonds of the City of Miami Beach, in the aggregate sum of $2, 500, 000. 00 for the several purposes hereinafter stated. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA : SECTION 1 : That pursuant to said election, Two Million, Five Hundred Thousand ($2, 500, 000.00) Dollars of negotiable coupon bonds of the City of Miami Beach, Florida, be issued bearing date of August 1, 1970, and bearing. interest at a rate to be hereafter determined, not exceeding the highest rate of interest permitted by law, per annum, payable semi-annually, on the first day of August - and February of each year, which interest shall be evidenced by coupons attached to the principal bonds, and both principal and interest shall be payable in lawful money of the United States of America at Chemical Bank, New York City, which bonds shall be registrable as to principal in accordance with the endorsement which this resolution directs to be printed on said bonds, and that the Chemical Bank, New York City, is hereby designated Registrar for that purpose. SECTION 2 : Said bonds shall be issued in Three (3) Series and in the respective amounts as follows : SERIES 3 : For the purpose of constructing a public park on Biscayne Bay, extending generally south of 4th Street on the west side of Alton Road and consisting of Lots 32 through 41, inclusive, Block 111, Ocean Beach Addition No. 3, Plat Book 2, Page 81, Public Records of Dade County, Florida. $1, 500, 000. 00 Said Series 3 bonds in the principal amount of $1, 500, 000. 00 shall be known as "Biscayne Bay Public Park Acquisition Bonds 1970, " and shall be numbered and mature as follows : MATURING NUMBERED AMOUNT August 1 1971 1 $ 5, 000. 00 1972 2 5, 000. 00 1973 3 5, 000. 00 1974 4 5, 000. 00 1975 5 5, 000. 00 1976 6-8 15, 000. 00 1977 9-14 30, 000. 00 1978 15-20 30, 000. 00 1979 21-26 30, 000. 00 1980 27-44 90, 000. 00 1981 45-62 90, 000. 00 1_ OFFICE OP CI1Y ATTORNEY.---1130 WASHINGTON AVENUE---MIAMI BEACH, FLORIDA 33139 • • MATURING NUMREfED AMOUNT 1982 63-82 $100, 000. 00 1983 83-104 110, 000. 00 1984 105-126 110, 000. 00 1985 127-149 115, 000. 00 1986 150-172 115, 000. 00 1987 173-202 150, 000. 00 1988 203-232 150, 000. 00 1989 233-262 150, 000. 00 1990 263-300 190, 000.00 SERIES 4 : For the purpose of improving, extending and enlarging the North Shore Community Center. $100, 000. 00 Said Series 4 bonds in the principal amount of $100, 000. 00 shall be known as "North Shore Community Center Bonds 1970, and shall be numbered and mature as follows : MATURING NUMBERED AMOUNT • August 1 1971 1 $ 5, 000. 00 1972 2 5, 000. 00 1973 3 5, 000. 00 1974 4 5, 000. 00 1975 5 5, 000. 00 1976 6 5, 000. 00 1977 7 5, 000. 00 1978 8 5, 000. 00 1979 9 5, 000. 00 1980 10 • 5, 000. 00 1981 11 5, 000. 00 1982 12 5, 000. 00 1983 13 5, 000. 00 1984 14 5, 000. 00 1985 15 5, 000. 00 1986 16 5, 000. 00 1987 17 5, 000.00 1988 18 5, 000. 00 1989 19 5, 000. 00 1990 20 5, 000. 00 SERIES 5 : For the purpose of completing the acquisition and construction of a public park on the ocean front extending from Collins Avenue to the Atlantic Ocean and located between 81st and 87th Streets. $900, 000. 00 Said Series 5. bonds in the principal amount of $900, 000. 00 shall be known as "Ocean Front Public Park Acquisition Bonds 1970, " and shall be numbered and mature as follows : MATURING NUMBERED AMOUNT August 1 1971 1 $ 5, 000. 00 1972 2 5, 000. 00 1973 3 5, 000. 00 1974 4 5, 000. 00 1975 5 5, 000. 00 1976 6-9 20, 000. 00 . 1977 10-16 35, 000. 00 -2- OFFICE OF CITY ATTORNEY--.1130 WASHINGTON AVENUE MIAMI REACH, FLORIDA 33139 MATURING NUMBERED AMOUNT 1978 17-23 $ 35, 000. 00 1979 24-30 35, 000. 00 1980 31-42 60, 000. 00 1981 43-54 60, 000. 00 1982 55-66 60, 000. 00 1983 67-78 60, 000. 00 1984 79-90 60, 000. 00 1985 91-104 70, 000. 00 1986 105-118 70, 000. 00 1987 119-132 70, 000. 00 1988 133-146 70, 000. 00 1989 147-160 70, 000. 00 1990 161-180 100, 000. 00 SECTION 3 : That said bonds shall be callable for redemption as shall be hereafter determined by Resolution to be adopted by the City Council. Notice of such intended redemption in each case shall be published at least once, at least thirty (30) days prior to the date of redemption, in a financial journal published in the City of New York, New York. Interest shall cease to accrue on any bonds so called for prior redemption on the redemption date if adequate funds have been duly provided for the redemption thereof. SECTION 4 : That all of the bonds herein authorized and referred to in Section 2 of this Resolution, shall be in the denomination of $5, 000. 00 each, and shall be designated Public Improvement Bond 1970, followed by a brief description of the purpose as hereinabove provided and shall be alike in form, except as to statement of series, purpose and the dates of maturities and numbers, and the form of said bonds, coupons and registration endorsement, as well as the manner of execution of said bonds and coupons and certificates of validation shall be substantially as follows : No. UNITED STATES OF AMERICA $5, 000.00 STATE OF FLORIDA, COUNTY OF DADE CITY OF MIAMI BEACH PUBLIC IMPROVEMENT BOND (Here insert Series No. and statement of purpose) KNOW ALL MEN BY THESE PRESENTS that the City of Miami Beach in the County of Dade and State of Florida, is justly indebted, and for value received, hereby promises to pay to the bearer, or if registered, to the registered owner hereof, on the 1st day of August, 19 , the principal sum of $5, 000. 00 DOLLARS with interest thereon at the rate of percent per annum, payable semi-annually, on the first day of February and the first day of August in each year, upon the presentation and surrender of the annexed interest coupons as they severally become due. Both the principal and interest of this bond are payable in lawful money of the United States of America, at the office of Chemical Bank in the City of New York. For the prompt payment hereof, both principal and interest, as the same shall become due, the full faith, credit and resources of said City of Miami Beach are hereby irrevocably pledged. -3- OFFICE 3-OFFICE OF CITY ATTORNEY-»1130 WASHINGTON AVENUE--.MIAMI BEACH, FLORIDA 33139 • • This bond is one of a series of like tenor, date and amount, but maturing at different times, issued by said City for the purpose of paying the cost of certain public improvements in the City of Miami Beach, Florida, as stated in the caption hereof and more particularly described in Resolution No. 12983, of the City Council of said City, passed and adopted on March 20, 1970, under the authority of and in full compliance with the Constitution and Statutes of the State of Florida, including Chapter 100, Florida Statutes, and the City Charter, being Chapter 7672 of the Laws of Florida of 1917, and Acts amendatory thereof and supplemental thereto, and has been authorized and approved by a majority of the votes cast in an election of the qualified voters of the City, which election was called and held and the result declared and recorded in the manner prescribed by law. (Insert redemption provisions determined by subsequent resolution) It is hereby certified and recited that all acts, conditions and things required to happen, exist or to be done precedent to and in the issuance of this bond by said charter and the laws and Constitution of the State of Florida, have happened, exist and have been performed; that provision has been made for the levy and collection of a direct annual tax upon all taxable property within said City, sufficient to pay the interest and principal of this bond as the same shall become due and that the total indebtedness of said City, including this bond, does not exceed any constitutional or statutory limitation thereof. This bond may be registered as to principal in accordance with the provisions endorsed hereon. IN WITNESS WHEREOF, the said City of Miami Beach, Florida, has caused this bond to be executed by its Mayor and attested by its City Clerk and Finance Director (the facsimile signatures of said Mayor and City Clerk and Finance Director being imprinted or reproduced on this bond, and on the validation legend appearing hereon, provided that at least one of said officers shall manually apply his signature on said bond) ; and the corporate seal of said City has been impressed or imprinted hereon, and the interest coupons hereto attached executed by said officials by their facsimile signatures, all as of the 1st day of August, 1970. Mayor Attest : City Clerk and Finance Director • 4 • OFFICE OP CITY ATTORNLY--1130 WASHINGTON AVENUE-.MIAMI BEACH, FLORIDA 33139 (Form of Coupon) No. $ On the 1st day of , 19 , the City of Miami Beach, Florida, will pay to the bearer at the Chemical Bank, New York City, New York, the sum of Dollars in lawful money of the United States of America, as provided in and for the interest then due on its Public Improvement Bond Series dated the 1st dayof August,t 19 g and numbered Mayor Attest: City Clerk and Finance Director ENDORSEMENT CONCERNING VALIDATION This bond is one of a series of bonds which were validated and confirmed by decree of the Circuit Court of the Eleventh Judicial Cir- cuit of the State of Florida in and for Dade-County, rendered on 197 ENDORSEMENT CONCERNING REGISTRATION This bond may be registered in the name of the holder on the books to be kept by the Chemical Bank, as Registrar, or such other Registrar as may hereafter be duly appointed,nted as Y a pp to principal only, such regis- tration being noted hereon by such Registrar in the registration blank below after which no transfer shall be valid unless made on said books by the registered holder or his attorney duly authorized and similarly noted in the registration blank below, but it may be discharged from y registration by being transferred to bearer after which it shall be transferable by delivery, but it may again be registered as before. The registration of this bond as to principal shall not restrain in the negotiability of the coupons by delivery merely, but the coupons maybe surrendered and the interest made payable only to the registered in which event the Registrar shall note in the registration blank below that this bond is registered as to interest as well as principal and thereafter the interest will be remittedP by mail to the registered holder. With the consent of the holder and of the City of Miami Beach, this bond when converted into a bond registered as to both principal and interest, may be reconverted into a coupon bond and again converted into a bond registered as to both principal and interest as hereinaboveP ro- v i ded. Upon reconversion of this bond, when registered as toP r i nc i a l P and interest into a coupon bond, coupons representing the interest to accrue upon this bond to date of maturity shall be attached hereto by the Registrar. The Registrar shall note in the registration blank be- low whether this bond is registered as to principal only orY a able to bearer. P - 5 - OFFICE OF CITY ATTORNEY--1130 WASHINGTON AVENUE-AfirAMI BEACH, FLORIDA 33139 • • • DATE OF REGISTRATION NAME OF REGISTERED OWNER REGISTRAR SECTION 5 : That in each year while any of the bonds referred to in Section 2 of this resolution shall be outstanding, there shall be levied on all of the taxable property within said City, a direct annual tax sufficient to pay the principal and interest falling due in the following year upon said bonds, which tax shall be collected as other City taxes are collected and shall be used for no other purpose than the payment of said principal and interest. SECTION 6 : That the City Attorney is hereby authorized and directed to proceed in the name of said City to have said bonds validated by the Circuit Court of Dade County, Florida. SECTION 7 : That said bonds shall be executed in the name of the City by the Mayor and attested by the City Clerk and Finance Director, one of which signature may he a facsimile signature, and shall have affixed thereto or printed or reproduced thereon the corporate seal of the City. In case any one or more of the officers who shall have signed or sealed any of the bonds shall cease to be such officer of the City before the bonds so signed and sealed have been actually sold and delivered, such bonds may nevertheless be sold and delivered as herein provided and may be issued as if the person who signed or sealed such bonds had not ceased to hold such office. Any bond may be signed and sealed on behalf of the City by such person as at the actual time of the execution of such bonds shall hold the proper office in the City, although at the date of such bonds such person may not have held such office or may not have been so authorized. The coupons to be attached to the bonds shall be authenticated with the facsimile signatures of the present or any future Mayor and City Clerk and Finance Director, and the City may adopt and use for that purpose the facsimile signature of any of said persons who shall have been such officers at any time on or after the date of the bonds, notwithstanding that they may have ceased to be such officers at the time when said bonds shall be actually sold and delivered. SECTION 8 : That this resolution shall be in force and effect immediately upon its adoption. PASSED and ADOPTED this 17th day of August, 1970. 44 (Signed) Jay Dermer Mayor Attest : (Signed) Ruth B. Rouleau City Clerk--Finance Director (SEAL) -6- OFFICE OF CITY ATTORNLY--1130 WASHINGTON AVENUE•---.MIAMI REACH, FLORIDA 33139 • • RESOLUTION NO. 73-13942 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE ISSU- ANCE OF NEGOTIABLE COUPON BONDS IN THE AMOUNT OF $10, 850, 000 FOR THE PURPOSES AUTHORIZED AT AN ELECTION HELD ON FEBRUARY 20, 1973 . WHEREAS , the duly registered and qualified voters of the C lty of Miami Beach, participating in the election held according to law in the City of Miami Beach, Florida, on February 20, 1973 , authorized the issuance of negotiable coupon bonds of the City of Miami Beach in the aggregate sum of $10, 850, 000 for the several purposes hereinafter stated. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA: SECTION 1. That pursuant to said election, $10, 850, 000 of negotiable coupon bonds of the City of Miami Beach, Florida, be issued bearing date of March 1, 1973, and bearing interest at a rate to be hereafter determined, but not to exceed the maximum permitted by law, per annum, payable semi -ann ua I i , Y on the first day of March and the first aay of September of Pach year , which interest shall be evidenced by coupons attached to principal bonds , and both principal and interest shall be payable in lawful money of the United States of America at the Chemical Bank, New York City, which bonds shall be registrable as to principal in accordance with the endorsement which this resolution directs to be printed on said bonds , and that the Chemical Bank, New York City, is hereby designated Registrar for that purpose . SECTION 2 . Said bonds shall be issued in Six (6) Series and in the respective amounts as follows : SERIES 1 : For the purpose of completing the Joint Federal- City of Miami Beach Open Space Land Project No. Fla. OSA-18 by acquiring and developing the following parcels of land : Lots 5 and 6, Block 1, ALTOS DEL MAR NO. 1, Plat Book 31, page 40, of the Public Records of Dade County, Florida. Lot 5, Block 2 , ALTOS DEL MAR NO. 1, Plat Book 31, page 40, o f the Public Records of Dade County, Florida. Lot 6, Block 3 , ALTOS DEL MAR NO. 2 , Plat Book 4, page 162 , of the Public Records of Dade County, Florida. Lots 3 and 4, Block 4, ALTOS DEL MAR NO. 2 , Plat Book 4, page 162, of the Public Records of Dade County, Florida. Lot 1, Block 5 , ALTOS DEL MAR NO. 2, Plat Book 4, page 162 , of the Public Records of Dade Cour t j, Florida. Lot 2 , Block 6, ALTOS DEL MAR NO. 2, Plat Book 4, page 162 , of the Public Records of Dade County, Florida. $1, 900, 000.00 -1- OFFICE OP CITY ATTORNEY-- 4V WA%Hi NUIGN AVENUk-MIAMI BEACH FLORIDA 33139 • Said Series 1 bonds in the principal amount of $1, 900, 000 shall be known as "1973 Open Space Land Project Bonds", and shall be numbered and mature as follows : DUE SEPTEY3FR AMMIT NUMBER B 0 MD BONDS N ;IBERS 74 30,000 �5 40,000 8 7 - 14 76 40,000 8 15 22 77 50,000 10 23 32 73 60,000 12 33 - 44 79 709000 14 45 - 58 80 80,000 16 81 80,000 16 75 - 90 82 80,000 16 91 -- 106 83 80,000 16 107 122 84 80,000 16 123 -- 138 85 90,000 18 139 -- 156 86 90,000 18 157 174 87 90,000 13 175 192 88 100,000 20 193 212 39 120,000 24 213 -- 236 90 140,000 28 237 - 264 91 170000 34 265 ~- 293 92 1909000 38 299 -• 336 93 220,000 44 337 a 330 1,900,000 380 SERIES 2 : For the purpose of acquiring and developing for parks and recreational purposes the following described parcels of land: All of Blocks 11, 12, 13, 14, and 15, ALTOS DEL MAR SUB NO. 2, Plat Book 4, page 162, of the Public Records of Dade County, Florida. All of Blocks 17, 18, 19, and 20, ALTOSt DEL MAR NO. 1, Plat Book 31, page 40, of the Public Records of Dade County, Florida. $5, 000, 000.00 Said Series 2 bonds in the principal amount of $5, 000, 000 shall be known as "1973 Park and Recreational Land Bonds", and shall be numbered and mature as follows : - 2 - �y FFICE OP CITY ATTORNEY-1130 WASHINGTON AVENUE-MIAMI BEACH, FLORIDA 33139 w • • DUE SEPTElvTaR 1 r� !�u?� NB0IDS BONDS NU BER 1974 75,000 15 1 -- 15 75 75,000 15 16 - 30 76 100, 20 31 - 50 77 100,000 20 51 - 70 78 100,000 20 71 - 90 79 1001000 20 91 - 110 80 125,000 25 111 -- 135 81 150,000 30 136 -. 163 82 175,000 35 166 r- 200 83 200,000 40 201 - 240 84 225,000 45 241 - 285 85 250,000 50 236 -- 335 86 250,000 50 336 - 315 87 300,000 60 386 -- 445 88 300;000 CO 11.6 505 89 350,000 70 506 -- 575 90 400,000 80 576 -- 655 91 475,000 95 656 " 750 92 550,000 110 751 - 860 93 700,000 140 861 - 1 ,000 5,000,000 1,000 SERIES 3 : For the purpose of acquiring and developing additions needed to complete the Civic-Con- vention Center Complex land plan adjoining and in proximity to the City' s Garden Center and Conservatory, otherwise legally described as follows : Lot 2, Block 7A, AMENDED GOLF COURSE SUB. , Plat Book 6, page 26, of the Public Records of Dade County, Florida, together with 30 ' strip on easterly property line known as "Bridle Path" . N. 50' of Lot 1, Block 7A, AMENDED GOLF COURSE SUB. , Plat Book 6, page 26, o f the Public Records of Dade County, Florida, together with 30 ' strip on easterly property line known as "Bridle Path" . S . 100 ' of Northerly 150 ' of Lot 1, Block 7A, AMENDED GOLF COURSE SUB. , Plat Book 6, page 26, of the Public Records of Dade County, Florida, together with 30 ' strip on easterly property line known as "Bridle Path" . $1, 250, 000 .00 - 3 -- OFFICE OP CITY ATTORNEY--1130 WASHINGTON AVENUE-MIAMI BEACH, FLORIDA 33139 • Said Series 3 bonds in the principal amount of $1, 250, 000 shall be known as "1973 Civic Convention Center Complex Bonds ", and shall be numbered and mature as follows : No.of Bond 9-01 Amount Bonds Numbers 1974 $ 20 000 4 1 thru 4 1975 20 000 4 5 thru 8 1976 25 000 5 9 thru 13 1977 25 000 5 14 thru 18 1978 40 000 8 19 thru 26 1979 40 000 8 27 thru 34 1980 40 000 8 35 thru 42 1981 50 000 10 43 thru 52 1982 50 000 10 53 thru 62 1983 60 000 12 63 thru 74 1984 60 000 12 75 thru 86 1985 70 000 14 87 thru 100 1986 70 000 14 101 thru 114 1987 80 000 16 115 thru 130 1988 95 000 19 131 thru 149 19$9 95 000 19 150 thru 168 1990 100 000 20 169 thru 188 1991 100 000 20 189 thru 208 1992 100 000 20 209 thru 228 1993 110 000 22 229 thru 250 $1 250 000 250 SERIES 4: For the purpose of acquiring and developing the following described parcel of land located at the northeast corner of 18th Street and Meridian Avenue for the purpose of completing the Civic-Convention Center Complex land plan and as a proposed site for the new City Hall, said parcel of land being legally described as follows : Lots 1 and 2, Block 7, AMENDED GOLF COURSE SUB. , Plat Book 6, page 26, of the Public Records of Dade County, Florida, together with 30 ' strip on easterly property line known as "Bridle Path" . $1, 300, 000. 00 Said Series 4 bonds in the principal amount of $1, 300, 000 shall be known as "1973 Civic-Convention Center Complex and City Hall Bonds ", and shall be numbered and mature as follows : - 4 - OFFICE OP CITY ATTORNEY--,1130 WASHINGTON AVENUE-MIAMI BEACH, FLORIDA 33139 • No. of 'Bond 9-01 Amount Bonds Numbers 1974 $ 20 000 _4 1 thru 4 1975 20 000 4 5 8 1976 25 000 5 9 13 1977 25 000 5 14 18 1978 40 000 8 19 26 1979 40 000 8 27 34 1980 40 000 8 35 42 1981 50 000 10 43 52 1982 50 000 10 53 62 1983 60 000 12 63 74 1984 60 000 12 75 86 1985 70 000 14 87 100 1986 70 000 14 101 114 1987 80 000 16 115 130 1988 95 000 19 131 149 1989 105 000 21 150 170 1990 110 000 22 171 192 1991 110 000 22 193 214 1992 110 000 22 215 236 1993 120 000 24 237 . 260 $1 300 000 260 SERIES 5 : For the purpose of acquiring and developing for parks, recreational and open space purposes, the following described parcel of land being the property adjacent to the Man i low property on Pine Tree Drive, to wit : Lots 5, 6, and 7, FLAMINGO BAY SUB . NO.1, Plat Book 6, page 101, of the Public Records of Dade County, Florida. $1, 100, 000. 00 Said Series 5 bonds in the principal amount of $1, 100, 000 shall be known as "1973 Flamingo Bay Subdivision Parks and Recreational Land Bonds ", and shall be numbered and mature as follows : t - 5 - OFFICE OP CITY ATTORNRY 1130 WASHINGTON AVENUE-MIAMI BEACH, FLORIDA 33139 No.of Bond 9-01 Amount Bonds Numbers 1974 $ 10 000 2 _ 1 thru 2 1975 10 000 2 3 4 1976 15 000 3 5 7 1977 15 000 3 8 10 1978 30 000 6 11 16 1979 30 000 6 17 22 1980 30 000 6 23 28 1981 40 000 8 29 36 1982 40 000 8 37 44 1983 50 000 10 45 54 1984 50 000 10 55 64 1985 60 000 12 65 76 1986 60 000 12 77 88 1987 70 000 14 89 102 1988 85 000 17 103 119 1989 95 000 19 120 138 1990 100 000 20 139 158 1991 100 000 20 159 178 1992 100 000 20 179 198 1993 110 000 22 199 220 $1 100 000 220 SERIES 6 : For the purpose of purchasing, constructing, and adding an addition to the South Shore Community Center of a multi-purpose meeting room. $300, 000. 00 Said series 6 bonds in the principal amount of $300, 000 shall be known as "1973 South Shore Community Center Bonds ", and shall be numbered and mature as follows : t - 6 - OFFICE OP CITY ATTORNEY a--1130 WA5KiAtiTON AVtNUE--MIAMI BEACH, FLORIDA 33139 DUE SE PTEME303. 1 AMOUNT NU 4BER BONDS BONDS NIEBMED 1974 5,000 1 1 75 5,000 1 2 76 5,000 1 3 77 5,000 1 4 78 10,000 2 5 -- 79 10,000 2 7 -- 80 10,000 2 9 -- 10 81 10,000 2 11 12 82 15,000 3 13 - 15 83 15,000 3 16 - 18 84 15,000 3 19 - 21 85 15,000 3 22 ~ 24 86 15,000 3 25 - 27 87 20,000 4 23 - 31 � gg 20 000 32 -- 35 89 25,000 5 36 - 40 90 25,000 5 41 - 45 91 25,000 5 46 - 50 � 92 25,000 5 51 -- 55 � 93 25,000 5 56 - 60 300,000 60 SECTION 3. That said bonds shall be callable for redemption as shall be hereafter determined by Resolution to be adopted by the City Council. Notice of such intended redemption in each case shall be published at least once, at least thirty (30) days prior to the date of redemption, in a financial journal pub- lished in the City of New York, New York. Interest shall cease to accrue on any bonds so called for prior redemption on the re- demption date if adequate funds have been duly provided for the redemption thereof. SECTION 4. That all of the bonds herein authorized al-ft referred to in Section 2 of this Resolution shall be in the denomination of $5, 000. 00 each, and shall be designated "1973 Public Improvement Bonds " followed by a brief description of the purpose, as hereinabove provided, and shall be alike in form, except as to statement of Series, purpose, and the dates of maturities and numbers, and the form of said bonds, coupons and registration endorsement, as well as the manner of execution of said bonds and coupons, and certificates of validation shall be substantially as follows : - 7 - OFFICE OP CITY ATTORNEY--1130 WASHINGTON AVENUE-MIAMI BEACH, FLORIDA 33139 w No. UNITED STATES OF AMERICA $5, 000. 00 STATE OF FLORIDA, COUNTY OF DADE CITY OF MIAMI BEACH PUBLIC IMPROVEMENT BOND (Here insert Series No. and statement of purpose) KNOW ALL MEN BY THESE PRESENTS, that the City of Miami Beach, in the County of Dade, and State of Florida, is justly indebted, and for value received, hereby promises to pay to the bearer, or if registered, to the registered owner hereof, on the 1st day of September, 19 , the principal sum of FIVE THOUSAND DOLLARS with interest thereon, at the rate of percent per annum, payable semi-annually, on the first day of March and the first day of September in each year upon the presentation and surrender of the annexed interest coupons as they severally become due. Both the principal and interest of this bond are payable in lawful money of the United States of America, at the office of Chemical Bank in the City of New York. For the prompt payment hereof, both principal and interest, as the same shall become due, the full faith, credit and resources of said City of Miami Beach are irrevocably pledged. This bond is one of a series of like tenor, date and amount, but maturing at different times, issued by said City for the purpose of paying the cost of certain Public Improvements in the City of Miami Beach, Florida, as stated in the caption hereof, and more particularly described in Resolution No. 73-1391+2 of the City Council of said City, passed and adopted on March 7, 1973, under the authority of and in full compliance with the Constitution and Statutes of the State of Florida, including Chapter 100, Florida Statutes, and the City Charter, being Chapter 7672 of the Laws of Florida of 1917 and Acts amendatory thereof and supplemen- tal thereto, and has been authorized and approved by a majority of those voting in said special election, which said election was called and held, and the result declared and recorded in the manner prescribed by law. (Insert redemption provisions determined by subsequent Resolution) It is hereby certified and recited that all acts, con- ditions and things required to happen, exist, or to be done pre- cedent to and in the issuance of this bond by said Charter and the Laws and Constitution of the State of Florida, have happened, exist and have been performed; that provision has been made for the levy and collection of a direct annual tax upon all taxable property within said City, sufficient to pay the interest and principal of this bond as the same shall become due, and that the total indebtedness of said City, including this bond, does not exceed any constitutional or statutory limitation theref. This bond may be registered as to principal, in accordance with the provisions endorsed hereon. IN WITNESS WHEREOF, the said City of Miami Beach, Florida, has caused this bond to be executed by its Mayor and attested by its City Clerk and Finance Director (the facsimile signatures of said Mayor and City Clerk and Finance Director being imprinted or reproduced on this bond, and on the validation 8 OFFICE OP CITY ATTOINEY---1130 W H NOTON AVENUE--MIAMI MACH, FLORIDA 33139 legend appearing hereon, provided that at least one of said officers shall manually apply his signature on said bond) ; and the corporate seal of said City has been impressed or imprinted hereon, and the interest coupons hereto attached, executed by said officials, by their facsimile signatures, all as of the first day of March, 1973. Mayor Attest : City Clerk-Finance Director Form of Coupon No. $ On the 1st day of , 19 , the City of Miami Beach, Florida, will pay to the Bearer at the Chemical Bank, New York City, New York, the sum of Dollars ($ ) in lawful money of the United States of America, as provided in and for the interest then due on its Public Improvement Bond, Series , dated the 1st day of , 19 , and numbered Mayor Attest : City Clerk-Finance Director -- 9 OFFICE OP CITY ATTORNEY 1130 WASHINe!"N AVENUE-MIAMI BEACH, FLORIDA 33139 ENDORSEMENT CONCERNING VALIDATION This bond is one of a series of bonds which were validated and confirmed by decree of the Circuit Court of the Eleventh Judicial Circuit of the State of Florida, in and for Dade County, rendered on , 19 ENDORSEMENT CONCERNING REGISTRATION This bond may be registered in the name of. the holder on the books to be kept by the Chemical Bank, as Registrar, or such other Registrar as may hereafter be duly appointed, as to principal only, such registration being noted hereon by such Registrar in the registration blank below, after which no transfer shall be valid, unless made on said books by the registered holder or his attorney, duly authorized and similarly noted, in the registration blank below, but it may be discharged from registration by being transferred to bearer, after which it shall be transferable by delivery, but it may `again be registered as before. The registration of this bond as to principal shall not restrain in the negotiability of the coupons by delivery merely, but the coupons may be surrendered, and the interest made payable only to the registered holder, in which event the Registrar shall note in the registration blank below that this bond is registered as to interest, as well as principal, and thereafter, the interest will be remitted by mail to the registered holder. With the consent of the holder, and of the City of Miami Beach, this bond when converted into a bond registered as to both principal and interest, may be reconverted into a coupon bond, and again converted into a bond registered as to both principal and interest, as hereinabove provided. Upon reconversion of this bond, when registered as to principal and interest into a coupon bond, coupons representing the interest to accrue upon this bond to date of maturity shall be attached hereto by the Registrar. The Registrar shall note in the registration blank below whether this bond is registered as to principal only, or payable to bearer. DATE OF REGISTRATION NAE OF REGISTERED OWNER REGISTRAR- SECTION EGISTRAR-SECTION 5 . That in each year while any of the bonds referred to in Section 2 of this Resolution shall be out- standing, there shall be levied on all of the taxable property within said City, a direct annual tax sufficient to tpay the principal and interest falling due in the following year upon said bonds, which tax shall be collected as other City taxes are collected, and shall be used for no other purpose than the payment of said principal and interest. SECTION 6. That the City .Attorney is hereby authorized and directed to proceed in the name of said City to have said bonds validated by the Circuit Court of Dade County, Florida. • • -1 0- 4 O..:Fla OF CriY :.7 T ORNZY---1133 :'/ASE:NG T JN AVZ.VL.: £1 AC 1, FLORIDA 33139 SECTION 7 . That said bonds shall be executed in the name of the City by the Mayor, and attested by the City Clerk-Finance Director, one of which signatures may be a facsimile signature, and shall have affixed thereto, or printed or reproduced thereon, the corporate seal of the City. In case any one or more of the officers who shall have signed or sealed any of the bonds shall cease to be such officer of the City before the bonds so signed and sealed have been actually sold and delivered, such bonds may, nevertheless, be sold and delivered, as herein provided, and may be issued as if the person who signed or sealed such bonds had not ceased to hold such office. Any bond may be signed and sealed on behalf of the City by such person, as at the actual time of the execution of such bonds shall hold the proper office in the City, although at the date of such bonds such person may not have held such office, or may not have been so authorized. The coupons to be attached to the bonds shall be authenticated with the facsimile signatures of the present, or any future Mayor and City Clerk-Finance Director, and the City may adopt, and use for that purpose, the facsimile signature of any of said persons who shall have been such officers at any time on or after the date of the bonds notwithstanding that they may have ceased to be such officers at the time when said bonds shall be actually sold and delivered. SECTION 8. That this Resolution shall be in force and effect immediately upon its adoption. PASSED and ADOPTED this 7th day of March, 1973 . L) /(AAA---C 1514-6(-12-e Mayor Attest : (AJT a AL4Itti., City Clerk-Finance Director l / IL&L -- - OFFICE OF CITY ATTORNEY--1130 WASHINGTON AVENUE-MIAMI BEACH, FLORIDA 33139 VICIU Lt'th.L14q1 RESOLUTION NO. 80-16230 ('i1 ending Res.##'s 13041-A, 13079 and 73-13942 to include additional alternative purposes authorized at an election held on November 6, 1979) • ON IS Q (19) . _ ► r . . .