Resolution 2011 RESOLUTION NO. 2011
A RESOLUTION OF THE CITY COUNCIL
,OF THE CITY OF MIAMI BEACH, FLOR-
IDA, AUTHORIZING THE ISSUANCE OF
$ 300,000.00 OF PUBLIC IMPROVEMENT
BONDS.
WHEREAS, The City Council of the City of Miami Beach,
Florida, on April 22nd, 1929, adopted a resolution authoriz-
ing the issuance of $ 300,000.00 of Public Improvement Bonds
in the sum and for the purpose hereinafter set forth, sub-
ject to the authorization of the duly registered and quali-
fied. voters of said City who are freeholders therein, at a
special election which said resolution directed to be held
on June 4th, 1929, and
WHEREAS, the said City Council on June 5th, 1929, can-
vassed the returns of the aforesaid election and found that
the majority of the votes cast upon the bonds to be issued
were in favor of said issue and declared the result of said
election and canvass.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF MAUI BEACH, FLORIDA, AS FOLLOWS:
SECTION 1 . That pursuant to said election $ 300,000. 00
of negotiable coupon bonds of the City of Miami Beach, Flori-
da, be issued bearing date July 1, 1929, and bearing interest
at a rate to be hereinafter determined, not exceeding 6,70 per
annum, payable semi-annually, on the first days of January
and July in each year, which interest shall be evidenced by
coupons attached to the principal bonds and both principal
and interest shall be payable in gold coin of the United
States of the present standard of weight and fineness at
the United States 'Mortgage at Trust Company, in New York
City, which bonds shall be registerable as to principal in
accordance with the endorsement which this resolution di-
'rects to be printed on said bonds and that the City Clerk
of said City is hereby designated Registrar for that pur-
pose.
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SECTION 2. That said bonds shall be issued for the
urose of purchasing a portion of Flamingo Park described
as follows:
All of that certain tract or parcel of land lying
and being in the Southwest Quarter (ni) .of Sec-
tion Thirty-Four (34) , Township Fifty-Three (53)
South, Range Forty-Two (42) East and in the Morth-
west Quarter (Mk) of Section Three (3) , Township
Fifty-Four (54) South, Range Forty-Two (l12) East,
situated in the City of Miami Beach, County of
Dade, .State of Florida, and more particularly des-
cribed as follows:
Beginning at a point at the Northwest corner of
Pine Avenue (now Meridian Avenue as named and
designated in Ordinance No. 232, passed and adop-
ted by the City Council of the City of Miami
Beach, Florida, on January 20th, 1926) and Elev-
enth Street, as per Plat of Ocean Beach, Florida,
• Addition Number three (3) , recorded in Plat Book
No. 2, at Page 81 of the Public Records of Dade
County, Florida; thence Westerly alongthe North-
erly Line of said Eleventh Street and the said
Northerly Line produced Westerly for a distance
of Fourteen Hundred and Fifty (1450) feet, more
or less, to a point on the Easterly Line of Alton
Road, produced Southerly; thence Northerly along
the said Easterly Line of Alton Road, produced
Southerly, and the said Easterly Line of Alton
Road for a distance of Four Hundred (40o) feet,
more or less, to a point Fifty (50) feet North-
erly of the Northerly Line of Twelfth Street;
thence Easterly along a line Fifty (50) feet
Northerly of and parallel to the said Northerly
Lind of Twelfth Street for a distance of Seven •
Hundred and. Ten (710) feet, more or less, to a
point on the Westerly Line of Mango Avenue (now
Michigan Avenue as named. and designated in Ordi-
nance No. 232, passed and adopted by the City
Council of the 'City of Miami Beach, Florida, on
January 20th, 1926) ; thence Northerly along the
said Westerly Line of said Michigan Avenue for a
distance of Fourteen Hundred Seventy-One and Se-
ven Tenths (1471.7) feet, more or less, to a point
at the Southeast corner of Block Sixty-Nine (69)
of Lincoln Subdivision, as per plat recorded in
Plat Book No. 9, at Page 69 of the Public Records
of Dade County, Florida; thence Easterly along the
Southerly Line of said Lincoln Subdivision for a
distance of Three Hundred Forty and Two-Tenths
. ,
(340.2) feet, more or less, to a point at the North-
west corner of First Addition to Whitman' s Subdivi-
sion of Espanola Villas, as per plat recorded in
Plat Book No . 9, at Page 147 of the Public Records
of Dade County, Florida, thence Southerly along the
Westerly Line of said First Addition to Whitman' s
Subdivision of Espanola Villas for a distance of
One Hundred Ninety-Five and Seven-Tenths (195.7)
feet, more or less, to a point at the Southwest cor-
ner of the said First Addition to Whitman' s Subdi-
vision -of Espanola Villas; thence Easterly along
the Southerly Line of the said First Addition to
Whitman' s Subdivision of Espanola Villas for a
clis-
tance of Three Hundred Ninety-Nine and Eight-Tenths
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(399.8) feet , more or less , to a point on the Wester-
ly Line of said Meridian Avenue; thence Southerly
along the said Westerly Line of said Meridian Avenue
for a,,distance of Sixteen Hundred Seventy-Seven and
Four-Tenths (1677.4) feet , more or less, to the point
of beginning , containing Thirty-Six and Fifty-Three
hundredths (36.53) Acres , more or less, except
streets and alleys duly dedicated to the public and
accepted.
Said bonds shall mature as follows:
MATURITY AND NUMBERING SCHEDULE
2 ,000.00 July 1 , A. D. 1931 , numbered 1 and 2
' 0 -2 ,000.00 July 1 , A. D. 1932 , numbered 3 and 4
116 ,000.00 July 1 , A. D. 193 , numbered 5 to 20, both inclusive
0.6 ,000.00 July 1 , A. D. 1934, numbered 21 to 36, both inclusive
1.6,000.00 July 1 , A. D. 1935 , numbered 37 to 52 , both inclusive
416,000.00 July 1 , A. D. 1936 , numbered 53 to 66 , both inclusive
'016 ,000.00 July 1 , A. D. 1937 , numbered 69 to 84, both inclusive
$18 ,000.00 July 1 , A. D. 1936 , numbered 65 to 102 , both inclusive
18 ,000.00 July 1 , A. D. 1939 , numbered 103 to 120 , both inclusive
' 418 ,000.00 July 1 , A. D. 1940, numbered 121 to 138 , both inclusive
18 ,000.00 July 1 , A. D. 1941, numbered 139 to 156, both inclusive
18 ,000.00 July 1 , A. D. 1942, numbered 157 to 174, both inclusive
018 ,000.00 July 1 , A. D. 1943 , numbered 175 to 192 , both inclusive
18 ,000.00 July 1 , A. D. 1944, numbered 193 to 210 , both inclusive
l$,000.00 July 1, A. D. 1945 , numbered 211 to 226 , both inclusive
-
1318 ,000.00 July 1 , A. D. 1946, numbered 229 to 246 , both inclusive
'$18,000.00 July 1 , A. D. 1947 , numbered 21.1.7 to 264, both inclusive
48,000.00 July 1 , A. D. 1946 , numbered 265 to 282 , both inclusive
' 418 ,000.00 July 1 , A. D. 1949 , numbered 263 to 300, both inclusive
SECTIaa. That all of the bonds herein authorized shall
be in denominations of 4 1 ,000.00 each and shall be designated
"Public Improvement Bonds" and shall be alike in form except as
to the dates of maturities and numbers , and the form of said
bonds, coupons and registration endorsement , as well as. the man-
, ner of execution of said bonds and coupons and certificate of
validation, shall be substantially as follows:
No. $ 1,000.00
UNITED STATES OF AMERICA
STATE OF FLORIDA, OUTZTY OF DADE
CITY OF MIAMI BEACH
PUBLIC IMPROVEMENT BOND
KNOW ALL 1117L1 BY THESE PRESENTS, That the City of Miami
Beach , Florida, in the County of Dade and State of Florida,
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is justly indebted, and for value received, hereby promises
to pay to the bearer, or if registered to the registered own-
er thereof, on the 1st day of July, 19 , the -orincipal
sum of
ONE THOUSAND DOLLARS,
with interest thereon at the rate of per cent . per
annum, 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 the principal and interest of this bond are pay-
able in gold coin of the United States of the present
standard of weight and fineness, at the office of the United
States *Mortgage & Trust Company, 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 issued by said City for
the purpose of paying the cost of purchasing a portion of
Flamingo Park, situated in the City of Miami Beach, Flor-
ida, as described in Resolution No. 2011 of the City Coun-
cil of said. City, passed and adopted June 5th, 1929, under
the authority of and in full compliance with the City Char-
ter and has been authorized by a vote of the majority of
the duly registered and Qualified voters in said City, who
are freeholders therein, voting at an election legally
called and held for that purpose.
It is hereby certified and recited that all acts, con-
ditions and things required to happen, exist or to be done
precedent to and in the issuance of this bond by said char-
ter and the laws and constitution of the State of Florida,
have happened, exist and have been performed; that provi-
sion has been made for the levy and collection of a direct
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*ow
annual tax upon all taxable property within said City, suffi-
cient 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 consti--
,
tutional 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, Flor-
idA, has caused this bond to be signed by its Mayor and City
Clerk, under its seal and the interest coupons attached hereto
to be signed with the facsimile signature of said Clerk, all
as of the 1st day of July, A. D. 1929.
•
tnt
May.r.
• City Clerk.
COUPON .
No. -
On I, 19 , the City of Miami Beach,
Florida, will pay to the bearer at the United States Mortgage
& Trust Company, New York City, the sum of
Dollars, in gold coin as provided
in and for the interest then due on its Public Improvement
Bond, dated July 1, 1929, and numbered
City Clerk.
ENDORSEMENT CONCERNING VALIDATION .
Validated and confirmed by decree of the Circuit Court
for the Eleventh Judicial Circuit of the State of Florida,
in and for Dade County, on • , 1929.
Clerk of the Circuit Court of
the Eleventh Judicial Circuit
for Dade County, Florida.
•
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ENDORSEMEZT CONCERNING REGISTRATION.
This bond may be registered as to principal in the
bond registry of said City, notation of such registration
to be made hereon by the City Clerk, or by such other of-
ficer or agent as may be designated Registrar by resolu-
tion of the governing body of said City and may thereaf-
ter be transferred on such register by the registered
owner in person, or by attorney, upon the presentation
tb the Bond Registrar, accompanied by delivery of a writ-
ten instrument of transfer in a form approved by the Bond
Registrar and executed by the registered owner; such
transfer may be to bearer, after which this bond shall be
subject to successive registration and transfer as before.
Notwithstanding the registration of this bond, the coupons
shall remain payable to bearer and shall be transferable
by delivery.
Date of Registration. Name of Registered Owner. Registrar.
SECTIONS. That after the preparation of said bonds
with proper maturities as provided by this resolution, the
bonds and coupons annexed thereto shall be stamped with the
numbers I to 300, inclusive, in accordance with the follow-
ing schedule, which schedule shall be printed on the reverse
of each of said bonds:
MATURITY AND rUMBERING SCHEDULE
2,000.00 July 1, A. D. 1931, numbered 1 and 2
2,000.00 July 1, A. D. 1932, numbered_ 3 and
16,000. 00 July 1, A. D . 1933, numbered 5 to 20, both inclusive
16,000.00 July 1, A. D. 1934, numbered 21 to 36, both inclusive
16,000.00 July 1, A . D. 1935, numbered 37 to 52, both inclusive
16,000. 00 July 1, A . V. 1936, numbered 53 to 68, both inclusive
16,000.00 July 1, A. D. 1937, numbered 69 to 84, both inclusive
18,000.00 July 1, A. D. 1938, numbered 85 to 102, both inclusive
18,000.00 July 1, A. D. 1939, numbered 103 to 120, both inclusive
18,000.00 July 1, A. D . 1940, numbered 121 to 138, both inclusive
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18,000.00 July 1, A. D. 1941, numbered 139 to 156, both inclusive
18,000.00 July 1 , A. D. 1942, numbered 157 to 174, both inclusive
18,000.00 July 1, A. D. 1943,. numbered 175 to 192, both inclusive
18,000.00 July 1, A. D. 1944, numbered 193 to 210, both inclusive
cl 1 ,8 000.00 July 1, A. D. 194R, numbered 211 to 228, both inclusive
18,000.00 July 1, A. D. 1946, numbered 229 to 2141-6, both inclusive
S 18,000.00 July 1, :A. D. 1947, numbered 247 to 204, both inclusive
18 000.00 July 1, A. D. 1948, numbered 269 to 282, both inclusive
18,000. 00 July 1, A. D. 1949, numbered 285 to 300, both inclusive
SEVTIO5.. That in each year while any of said bonds shall
be outstanding, there shall be levied on all of the taxable prop-
erty within said City, a direct annual tax sufficient to pay the
principal and interest falling due in the following years upon
said bonds, which tax shall be collected 4s other City taxes and
shall be used for no other purpose than the payment of said prin-
'
cipal and interest.
SECTION 6. That the City Attorney is hereby authorized,
but not required, to proceed to have said bonds validated in the
name of said City by the Circuit Court of said County, but in
the event he does not so proceed, then the validation endorse-
ment herein provided to be printed on said bonds shall not be
so printed.
Eqapll. That the Mayor and City Clerk execute said
bonds and affix the seal of said City thereto and that they
and the City Attorney take such steps as may be necessary to
effect an early sale and delivery of said bonds .
SECTION 8. That this resolution shall be in force and
effect immediately upon its adoption.
PASSED AND ADOPTED this 5th day of June, A. D. 1929.
---- 'President of 'City Council
ATTEST:
•
City Clerk
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