Resolution 1450 RESOLUTION NO. 1450
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH,
FLORIDA:
That the proposal of Wright, Warlow & Company, of Orlando,
Florida, and Eldredge & Company of New York City, New York, for
the bonds mentioned in that proposal and which have been autho-
rized by this City Council, said proposal being in the words and
figures following:
September 1st, 1926.
Mr. C. W. Tomlinson, City Clerk,
Miami Beach, Florida.
Dear Sir:
We make the following offer for bonds of
the City of Miami Beach, Florida, this offer being
for all of said issue and not for one or more less
than all.
For 475,000.00 Public Park Bonds, Maturing
25,000.00 September 1st, A. D. , 1928
to 1946, inclusive, we will pay N465,025.00
all of said bonds to bear interest at the rate of six
per cent, per annum, payable semi-annually, said inter-
est and the principal thereof payable at the office of
the United States Mortgage & Trust Company of New York
City, and the validity thereof to be certified at the
time of delivery by Messrs. Caldwell & Raymohd of New
York City.
In addition thereto we will pay accrued in-
terest on the principal thereof to date of delivery and
will accept delivery at any bank in New York City.
We attach hereto our certified check No.
5152 in the amount of $5, 000.00 drawn on and certified
by the State Bank of Orlando & Trust Company of Orlando,
Florida, which check is to be held uncashed by you as
evidence of good faith on our part in the performance of
this agreement and to accompany the bonds when presented
for delivery, or are to be retained as and for liquidated
damages in case we fail so to take up and pay for said
bonds.
Respectfully submitted,
ELDREDGE & COMPANY, NEW YORK CITY, N. Y.
WRIGHT, WARLOW & COMPANY, ORLANDO, FLA.
By (Signed) H. S. Wheeler
be and the same is hereby accepted and the said bonds are hereby
sold at private sale to said Wright, Warlow & Company and Eldreds-e
& Company; that this City Council, by unanimous vote of the members
present, do hereby resolve to sell said bonds at private sale and
that the bid of said vrright, Warlow & Company and Eldredge & Company
is the best price deemed obtainable for said bonds; and that such
price is not less than ninety-seven and nine-tenths cents on the
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dollar and accrued interest and that the above bonds,
which were authorized by Resolution No. 1441 of this
City Council shall bear interest at 6% per annum.
PASSED AND ADOPTED this 1st day of September,
A. D. , 1926. 2
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'resident of city Cou ciC
ATTEST:
City Olerk
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