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Resolution 225 600 LL RESOLUTION #225 i A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, SELLING $50,000.00 OF WATER BONDS AND $25,000.00 OF FIRE DEPART- MENT BUILDING AND EQUIPMENT BONDS OF SAID CITY, DATED JANUARY 1 ,1921. BE IT RESOLVED by the City Council of the City of Miami Beach, Florida: 1: That whereas said City has heretofore advertised a notice for the receipt of bids for $50,000.00 of Water Bonds and $25 ,000.00 of Fire Department Building and Equipment Bonds all bearing date January 1 , 1921 and bearing interest at the rate of 6 per cent per annum , which $50,000. 00 of Bonds mature as fol- lows: $2000.00 annually on January 1 ,1923 to 1937 , and $5000.00 annually from January 1 ,1938 to 1941, and which $25,000.00 of IF bonds mature $1000.00 annually from January 1 ,1923 to 1935 and $2000.00 annually from January 1,1936 to 1941 , which advertise- ment Rave notice that said bids would be received until 7:30 o' clock P. M. January 25,1922. 2: And whereas at 7: 30 o' clock P. M. January 25 ,1.92 , said City Council in regular session received and opened the follow- ing bids for the boncc hereinbefore mentioned: G. B. Sawyer and Company bid-$47,800.00 and accrued interest to date of delivery for 550,000. 00 of `Vater Department Bonds. G. B. Sawyer and Company bid "23,900.00 and accrued interest to date of delivery for `; 25,000.00 of Fire Department Bonds. Sidney Spitzer and Company bid $72 ,507.50 and accrued interest to date of delivery for 075,030.00 of Fire and Water Department Bonds. 'Y'he Bank of Bay Biscayne bid $48,554. 00 and accrued interest to date of delivery for $50 ,000.00 of Water Department Bonds. The Bank of Bay Biscayne bid ''24 ,275.25 and accrued interest to date of delivery for $25,000.00 of Fire Department Bonds. The Southern Bank & Trust Company bid :,,24 ,250.00 and accrued !� '. I 4 Page 2. interest to date of delivery for $25,000.'00 of Fire Department Bonds. 3: That the bid of the Bank of Bay Biscayne dhich is in the words and figures as follows: PROPOSAL FOR BONDS January 25, 1922. Mr. C. W. Tomlinson, City Clerk, +.J _-_ n^^^1, Pals,_ Dear Sir: For $50,000.00 of 6 per cent Water Bonds of the City of Miami Beach, Florida, dated January 1, 1921, described in the attached notice .of sale which is hereby made a part of this bid, we will pay $46 ,554,00 Dollars. For $25,000.00 of 6 per cent fire Department Building and Equip- ment Bonds ©f the City of Miami Beach, Florida, dated January 1, 1921 , described in the attached notice or sale , which is hereby made a part of this bid , we will pay $24,275..25 Dollars. In addition to the foregoing bid we will pay accrued interest to date of delivery and will accept delivery at the United States Mort- gage and Trust ompany in New York City. - - r We enclose herewith certified check for $1500.0C) ,, Dollars being 2 per cent of the parvalue of the bonds for which bid is made , payable to the order of the Clerk of the City of Miami Beach, Florida. Which check is to be returned to us if this bilis not accepted, other- wise to be deposited by said City Clerk, and when the bonds are deliver ed and paid for under the terms of this bid, to be considered as an ad- vanced part payment therefor, or, t0 be retained as and for liquidated damages in case we fail to take up and pay for said bonds. Bank of Bay Biscayne By M. W. Hallam ( signed) Assistant Cashier. *No addition or alteration to be made to the above proposa.lnand the same must not be detached from the annexed advertisement , except that the bidder may write the words "This bid is for all or none" in the blas line provided therefor. be and the same is hereby determined to be the highest and best bid re- ceived for the aforesaid bonds and a price not less than 97 cents on the dollar and accrued interest. 4: That the said bid of the Bank of Bay Biscayne be and the same is hereby accepted andsaid bonds are hereby sold to said Bank of Bay Bis- cayne and the Clerk of the said City is hereby directed and authorized to do all things necessary to effect the delivery of said bonds. 5: That the deposits of said bidders whose bids were not accepted be and the same are °hereby directed to be returned. ,� N Page 3. y, if ii (71 ki 6: That this resolution is adopted in lieu of that cef•taincreso- 1, lution adopted by this council January 25, 1922, and numbered 424, E accepting the bid of the Bank of Bay Biscayne and authoriz' the tlings herein mentioned and said resolution Amber 224 this' Couci1, } passed_and adopted January 25, 1922, be and the same is herep'y, _______ _ PASSED and ADOPTM this 1st day of February, A. Id. , 1922. President or City Council ATTEST: vi y erk: — APPROVED this 1st day of February, A. D. , 1922. ' if i,&lit, dr r , I 0 __ ____ __ _ _ ___ _____ _ T --- — — ,, ()(c ' \ :,,,., , 1 \. —c,„ i Jilizieo Lerit lo golf 1-1 betqobst el no Itirloa ea. allit zi.BriT :i ..,. \ ' ' :: :..1,c)%'\:':I:I.::f1-16::::31.L:a1391181: ee:"E .-103t°a1S8J'...f.ila::::jijaea:jlt.f:11.BlrI::DrIBbaz::erih:..L±:..-.):-o': J-I6bricistecr:s::11-citerl'53:rf8 ;;.:5-:':' '- ---_._ efit ..b..Le ad ,Si .as. vatnil.,,•L belcioba ibaz beaesq . ,.... , . ' e 13. 1 viiiuldera lo ,( L ;P.r,1 al(13 frET(i0CIA 5,143 Crela.EAci \j, , '---- . ._ - 1.011110!) 1 0 no:5180'1- . , . u ..i..- ,',Lakt wide'," 'I o vt.t. :el ..3.1rf t CITF_V 05-1.. a o