Resolution 290 mow
RESOLUTION No. 2 11_
• A RESOLUTION OF ,THE CITY OF MIAMI BEACH,
FLORIDA, AUTHORIZING THE ISSUANCE OF
$70,000 SEWAGE DISPOSAL BONDS AND $55,000
SANITARY SEWER BONDS AUTHORIZED BY THE
REGISTERED AND QUALIFIED VOTERS OF SAID
CITY AT AN ELECTION HELD IN SAID CITY
JULY 25, 1922, AND REPEALING RESOLUTION
No. 286 AUTHORIZING THE ISSUANCE OF
$125,000 MUNICIPAL IMPROVEMENT BONDS,
WHICH RESOLUTION WAS PASSED AND ADOPTED
JULY 26, 1922.
• WHEREAS The City Council of the City of Miami Beach,
Florida, heretofore passed an ordinance authorizing the is-
suance of bonds for said City in the sum of Seventy Thousand
Dollars for the purpose of constructing a building, the
laying of drains and the purchase of land, machinery arra
equipment, all for the operation of a plant for neutraliz-
ing, destroying and disposing of sew age and Fifty-five
thousand Dollars for the construction of sanitary sewers,
and in said ordinance called a special election to be held
in said City on July 25th, 1922, for the purpose of submitting
said' question to the qualified voters of said City, and
WHEREAS the said City Council on July 26th, 1922,
canvassed the returns of the aforesaid election and found
that a majority of the votes cast upon each of the aforesaid
questions was for the issuance of said bonds, and declared
the result of said election and canvass.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF MIAMI BEACH, FLORIDA:
Section 1. That the negotiable coupon bonds of the
City of Miami Beach are hereby directed to be issued and
sold in the aggregate amount of $70,000 for the purpose of
constructing a building, the laying of drains and the pur-
chvI of land, machinery andequipment, all for the opera-
' ton of a plant for neutralizing, destroying and disposing
CHESTER S. MASSLICH. COUNSELOR AT LAW. 113 BROADWAY. NEW YORE
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of sew age .. for said City, such bonds to consist of 70 bonds
of $1,000 each, numbered 1 to 70, both inclusive, dated July
I, 1922 and maturing in numerical order, lowest numbers
first, $5,000 annually July 1, 1924 to 1937, both inclusive.
Section 2. That the negotiable coupon bonds of the City
of Miami Beach are hereby directed to be issued and sold in
the aggregate amount of $55,000 for the purpose of construct-
ing sanitary sewers for said City, such bonds to consist of
. ( 55 bonds of $1,000 each, numbered 71 to 125, both inclusive,
_dated July 1, 1922 and maturing in numerical order, lowest
numbers first, $2,000 annually July 1, 1924 to 1937, $7,000
all inclusive
annually July 1, 1938 to 1940^and $6,000 July 1, 1941.
Section 3. That all of the said bonds aggregating
$125,000 shall bear interest at 6% per annum, payable semi-
1 annually on the first days of January and July of each year,
both principal and interest to be payable at the United
States Mortgage & Trust Company in the City of New York in
gold coin of the United States of the present standard of
weight and fineness.
Section 4. That all of said bonds shall be signed by
the Mayor and Clerkand attested by the City Auditor, and
sealed with the corporate seal, and the interest coupons
thereto attached shall be signed by said City Clerk whose
signature upon said coupons may be in facsimile; and said
bonds and coupons shall be in substantially the following
form:
$1,000 No.
UNITED STATES OF AMERICA
State of Florida, County of Dade,
City of Miami Beach,
Public Improvement Bond
(Bonds numbered 1 to 70 are Sewage Dispos-
al Bonds.
Bonds numbered 71 to 125 are Sanitary
Sewer Bonds. )
KNOW ALL MEN BY THESE PRESENTS: That the City of
Miami Beach, in the County of Dade and State of Florida, is
CHESTER B. MASSLICH. COUNSELOR AT LAW. 115 BROADWAY. NEW YORK
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justly indebted and for value received, hereby promises to
pay to the bearer on the first day of July, 19 , the prin-
cipal sum of
ONE THOUSAND DOLLARS
with interest thereon at the rate of six per centum per an-
num, payable semi-annually on the first days of January and
July in each year, upon the presentation and surrender of the
annexed interest coupons as they severally become due- Both
principal and interest of this bond are payable in gold coin
of the United States of the present standard of weight and
fineness at the United States Mortgage & Trust Company, in
the City of New York and State of New York.
This bond is one of a series of 125 bonds of like data
and amount, aggregating $125,000, numbered from 1 to 125,
both inclusive, of which bonds numbered 1 to 70 aggregating
$70,000 are issued for the purpose of constructing a build-
,
$ ing, the laying of drains and the purchase of land, machinery
Viand equipment, all for the operation of a plant for neutraliz-
i
ing, destroying and disposing of sew age for said City, and
! bonds numbered 71 to 125 aggregating $55,000 are issued for
the construction of sanitary sewers for said City. This
( bond is issued under the authority of and in full compliance
( with the charter of said City, being Chapter 7672, Acts of
lithe Legislature of Florida for the year 1917, as amended, and
la vote of a majority of the duly registered and qualified
voters of said City voting separately upon each of said two
classes of bonds at aspecial election duly called, held
f July 25, 1922, and resolutions duly passed by the City Council
!: of said City. The full faith, credit and resources of said
City of Miami Beach are hereby irrevocably pledged to the
prompt payment of the principal and interest hereof as the
same shall fall due. It is hereby certified and recited
that all acts, conditions and things required to happen,
CHESTER B. MASSLICH. COUNSELOR AT LAW. 115 BROADWAY. NEW YORK
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exist or be performed precedent to and in the issuance
of this bond by said charter and the laws and constitution
of Florida, have happened, exist and have been performed
as so required; 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 fall due; and
that the total indebtedness of said City, including this
' bond, does not exceed any constitutional or statutory
limitation thereon.
IN WITNESS WHEREOF, said City of Miami Beach has
caused this bond to be signed by its Mayor and Clerk under
its corporate seal, and attested by its Auditor, and the
interest coupons hereto attached to be signed with the
facsimile signature of said Clerk, all as of the first day
of July, 1922.
M or
-
ay
Attest: CityClerk -__»
qty Auditor - _.a__,�y9
COUPON
No. $30.
On 1, 19
THE CITY OF MIAMI BEACH, FLORIDA,
will pay the bearer at the United States Mortgage &
Trust Company, New York City, the sum of Thirty Dollars
in gold coin as provided in and for the interest then
due on its Public Improvement Bond dated July 1, 1922,
No. •
' rlerfc
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Section 5. That the City Attorney is authorized to
proceed to have said bonds validated and if they shall be
validated by the Circuit Court there shall be printed or
stamped thereon a form for the certificate of the Clerk
CHESTER B. MASSLICH. COUNSELOR AT LAW. 115 BROADWAY, NEW YORK
r
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of said. Court, which form may be in substantially the follow-
ing words:
"Validated and confirmed by decree of the Circuit
Court of the Eleventh Judicial Circuit of the
State of Florida in and for the County of Dade.
-z, __ , 19 -
Clerk of they
Circuit Court,
Eleventh Judicial Circuit,
State of Florida, in and
for Dade County. "
Section 6. That there shall be and hereby is levied
upon all the taxable property in the City of Miami Beach
in each year while any of the said Sewage Disposal Bonds,
numbered 1 to 70, are outstanding a direct annual tax eifficient
to pay the principal and interest of said Sewage Disposal
Bonds as the same shall become due and payable under this
resolution.
Section 7. That there shall be and hereby is levied
upon all the taxable property in the City of Miami Beach
in each year while any of the said Sanitary Sewer Bonds,
numbered 71 to 125, are outstanding a direct annual tax
sufficient to pay the principal and interest of said
Sanitary Sewer Bonds as the same shall become due and payable
under this resolution.
Section 8. That the taxes herein levied and directed
to be levied shall be collected as other city taxes and shall
la be used for no other purpose than the payment of the principal
and interest of the bonds for which they are herein provided,
respectively.
Section 9. That Resolution No. 286, passed and adopted
July 26, 1922, entitled
! "A RESOLUTION OF THE CITY OF MIAMI BEACH,
FLORIDA, AUTHORIZING THE ISSUANCE OF BONDS
IN THE SUM OF ONE HUNDRED TWENTY-FIVE
THOUSAND DOLLARS AUTHORIZED BY THE REGIS-
TERED AND QUALIFIED VOTERS OF SAID CITY AT
AN ELECTION HELD IN SAID CITY JULY 25th,
1922"
CHESTER B. MASSLICH. COUNSELOR AT LAW, 113 BROADWAY. NEW YORK
\L\ 6
be and is hereby repealed.
Section 10. This resolution shall be in force and
effect on and after its passage and approval.
Passed dnd adopted this rail_ _ day of Fi fa+e rA.D•
1922.
esident, City dounoil
Attest:
C * y lark
•
Approved this I +/' day of .. �� "'-_a A.D. 1922.
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CHESTER B, MASSLICN, COUNSELOR AT LAW. 115 BROADWAY. NEW YORK
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