Resolution 2608 ..tee.
RESOLUTION NO. 2608
A RESOLUTION PERTAINING TO THE
PAYMENT OF CERTAIN INTEREST COUPONS
ON CITY OF MIAMI BEACH BONDS.
WHEREAS, the City Council of the City of Miami Beach,
Florida, has adopted a plan for the refunding of all of the
bonds of said City maturing between June 30, 1933 and December
31, 1940, and
WHEREAS, the names of the owners of a large majority of
said bonds are unknown to said City Council and City officials,
and that the success of said refunding plan depends upon our
being able to advise said bond owners of the details of said re-
funding plan,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF MIAMI BEACH, FLORIDA.
6•
SECTION 1: That the City Clerk be and he is hereby directed
to instruct the Chemical Bank and Trust Company in the City of New
York, at which all principal and interest on the bonded debt of
said City is payable, to withhold payment of any interest coupons
due May 1st, 1933, and belonging to certain bonds as described in
the following schedule:
MATURITY IMPROVEMENT BONDS PUBLIC IMPROVEMENT PUBLIC IMPROVEMENT
DATE SERIES "M" , dated BONDS, dated May 1, BONDS, dated May 1,
May 1, 1930. Inter- 1930. Interest 1930. Interest
est rate 6%. rate 6%. rate 5-3/4%.
Bond Numbers (Bond Numbers (Bond Numbers
May 1st, 1934 325 to 334, incl. None 36 to 40, incl.
Total 10 Bonds Total 5 Bonds
May 1st, 1935 390 to 439, incl. 7 41 to 80, incl.
Total 50 Bonds Total 1 Bond Total 40 Bonds
May 1st, 1936 443 to 462, incl. None 81 to 125) incl.
Total 20 Bonds Total 45 Bonds
May 1st) 1937 478 to 498, incl. 13 and 14 126 to 135, incl.
Total 21 Bonds Total 2 Bonds Total 10 Bonds
May 1st, 193$ 513 to 533, incl. None 136 to 180, incl.
Total 21 Bonds Total 45 Bonds
May 1st, 1939 545 to 565, incl. 21 to 23, incl. 181 to 220, incl.
Total 21 Bonds Total 3 Bonds Total 40 Bonds
May 1st, 1940 578 to 598, incl. None 221 to 260, incl.
Total 21 Bonds Total 40 Bonds
Said payment is to be withheld until the name and address of
such owner, or that of his representative, shall be made known
to said Chemical Bank and Trust Company; and provided further
that said Chemical Bank and Trust Company is hereby instructed to
return such coupons as presented, together with a
printed notice and form substantially as follows:
- N 0 T I C E -
To Owners of Interest Coupons belonging to any City of
Miami Beach, Florida, bonds maturing between June 30,
1933 and December 31, 1940:
The City of Miami Beach is confronted with the
necessity of communicating with the owners of the above
described bonds, or representatives of said owners,
with reference to its adopted plan for the prevention
of default by an extension of maturity dates.
The said City has instructed the Chemical Bank and
Trust Company to return to you these interest coupons,
together with this notice. Funds for the payment of these
coupons are on hand, however, with the said Chemical Bank
and Trust Company and said coupons will be paid by them,
at the same place, if they are accompanied by advice as IId
the name and address of the owner of the bonds to whichZcoupons
belong, or the name and address of said owners representative
with whom we may communicate.
The following form is attached for your convenience
in making reply.
C. W. TOMLINSON,
City Clerk of the City
of Miami Beach, Fla.
Miami Beach, Florida.
May 1, 1933.
(Please fill in the following blanks, tear
off and return to Chemical Bank and Trust
Company, 165 Broadway, New York City, to-
gether with coupons.)
(Perforate)
1933
City of Miami Beach, Florida:
The following is a description of the bonds to
which the attached interest coupons belong: (Be sure
to state under "Description of Issue" whether bonds are
"Public Improvement Bonds" or "Improvement Bonds" , and
if they be the latter, be sure to give the Series letter.)
Description Dated Date Interest Bond Numbers
of Issue Due Rate
( If not sufficient space on this form continue on the re-
verse hereof.)
Name and address of owner or his representative:
Name (if Owner)
Name (if Representative)
Address Street
City
State
AO
SECTION 2: That the City Clerk is further directed to
instruct the said Chemical Bank and Trust Company to attach
the ownership record to each coupon or group of coupons, when
paid, and forward same to the City of Miami Beach.
SECTION 3: That the City Clerk is further directed to
immediately forward to the said Chemical Bank and Trust Company,
a certified copy of this Resolution, requesting them to carry
out the provisions of this Resolution.
PASSED AND ADOPTED this 27th day of April, A. D. , 1933.
President of C ty Council
ATTEST:
City Clerk
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