Resolution 292 ados sem
RESOLUTION ih0. 292
A RESOLUTION BI± O'T I1JG THE
UL_,RX TO CALL
FOR BIDS .d'OR 4'93,000 DORE)Vr 'r;1V'I' BONDS,
SERIES E, 4'70,000 SEWAG_ DIa2OSAA1 BONDS
AND %i;55,000 S.,iu 2 .RY SE Vui!R BONDS, AND RE-
CALLING Th,:] :NOTICE IIr; ATOF0RE PUBLISHLO
FOR BIDS FOR A LI :h: AMOUNT OF BONDS.
BE IT RESOLVED BY THE CITY COUNCIL 0.T TH:] CITY OF
MIAs I BEACH, FLOR IDA:
Section 1. That the City Clerk is directed to discon-
tinue publication of a notice calling for sealed bids to be
received on September 13, 1922 for 0232,000 Bonds of the
City of Miami Beach and to advise all inquirers that no
bids will be received and no action taken pursuant to such
notice.
Section 2. That the City Clerk is hereby directed to
give notice by publishing at leant once in the Miami Herald,
published in Ldami , <_nc if he deem it expedient in any other
journal or journals published in Florida or elsewhere, that sealed
bids will be received until 7: 30 October 18th, 1922, for
;93,000 Improvement Bonds, Series E, c70,000 Sewage Dis )osal
Bonds and ; 55,000 Sanitary Sewer Bonds, which notice shall
be published not later than the tenth day before said date
for receiving bids in said Miami Herald, and as published in that
journal shall be in substantially the following form, but may be
in an abbreviated form ns published elsewhere:
0218 ,000
CITY OF MIAMI B2„ CH uOLD BODS
Sealed bids will be received by the City, Council, in
cane of the undersigned, at his office in Miami Beach, ;Florida,
until 7 : 30 2. October 18 , 1922, for the following bond
issued of the City of Miami Bench, Florida, dated July 1, 1922
and bearing interest at 6 per annum, payable In the first days
of January and July, ..mnually, at the united States Mortgage &
Trust Company, New York City, in gold:
93,000 Improvement Bonds, Series E, for
improvement of streets : ..d sidewalks,
and construction of storm sewers , matur-
ing annually, July 1, 48 ,000 1924 to
1926, 49 ,000,000 1927 and 1928, 410,000 '1929
to 1931, ,,11 ,000 1932 and. 10 ,000 1933.
470000 Sewage Disposal Plant Bonds, matur-
ing annually, July 1, 45,000 1924 to
1937.
. 45,000 sanitary Se,=er Bonds, maturing an-
nually, July 1, 12,000 1924 to 1937 ,
p7 ,000 1938 to 1940 and 46,000 1941.
11 bonds are general city obligations and thelaw re-
quires an unlimited general property tax without limit
for the payment of principal and interest.
The bonds will be prepared under the supervision of
the united states Mortgage & Trust Company, ITau York City,
which will certify as to the genuineness of the signatures
of the City officials and the seal impressed thereon, and
the legality of said bonds will be approved by Chester B.
Masslich, Esg. New York City, whose approving opinion will
be furnished the purchasers without charge.
Bids are required up n. forms which, with additional
formation as to the city, will he furnished by the under-
sitgned or said Trust Company and must be aapotpanied by a
certified check, payable to the order of the City of i:iiami
Beach, for 2;0 of face value of bonds for which bid is sub-
mitted, drawn upon a bank or trust co:many. Delivery of
bonds on or about October 20th, 1922 , in iiiami Beach or
in New York City; elsewhere at purchasers' expense. The
right to reject any and all bids is reserved.
C. r. Tomlinson
City Clerk
Section 3. That tho Clerk is directed to have printed
through the Untted States Mortgage & Trust Company a form
of proposal for said bonds, in a. leaflet or circular
which will also contain the offical advertisement and a
statistical statement concerning the city.
Section 4. This resolution shall be in force and of `ect
on and after its pas ,age and approval.
Passed and adopted this 13th day of September, _,"4.• D. 1922
President , City Council
.}attest:
•
City Clerk
_pproved this 13th day of Se tember, :I. D. 1922.
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