Resolution 2867 amownffismes
RESOLUTION NO. 2g67
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF MIAMI BEACH, FLORIDA,
TERMINATING FORMER INSTRUCTIONS AS TO
THE PAYMENT OF BOND INTEREST COUPONS
AND REQUESTING THE MIAMI BEACH FIRST
NATIONAL BANK TO TRANSFER INTEREST
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FUNDS NOW ON DEPOSIT WITH THE CHEMICAL
BANK & TRUST COMPANY OF NEW YORK CITY
TO THE ACCOUNT CF THE CITY OF MIAMI
BEACH.
WHEREAS, the Miami Beach First National Bank has heretofore,
by several Resolutions of this City Council, been requested to
deposit in their own name with the Chemical Bank & Trust Company,
New York City, certain sums of money for the payment of all City
of Miami Beach bond interest coupons due July 1st, 1933, September
1st, 1933, October lst, 1933, November let, 1933 and January 1st,
193 +, and
WHEREAS, the said Chemical Bank & Trust Company have been
paying said interest coupons out of said funds and forwarding them
after payment to the said Miami Beach First National Bank, all in
accordance with instructions contained in Resolutions of this City
Council, and
WHEREAS, the Refunding Plan has sufficiently progressed to
make this procedure no longer necessary, funds having been sent
direct to the said Chemical Bank & Trust Company for the last three
bond interest payment dates,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF MIAMI BEACH, FLORIDA, that the Miami Beach First National Bank
be and they are hereby requested to cause the present balance remain-
ing in their interest account at said Chemical Bank & Trust Company
to be transferred to the account of the City of Miami Beach in said
Chemical Bank & Trust Company, and
BE IT FURTHER RESOLVED that the said Chemical Bank & Trust
Company be and they are hereby instructed to pay any and all out-
standing City of. Miami Beach interest coupons due July let, September
1st, October 1st and November 1st, 1933 and January 1st, 1934, out of the
said City of Miami Beach account, forwarding the cancelled coupons to
the City of Miami Beach and disregarding hereafter 'irstructipns con-
tained. in Resolutions Nos. 2645, 2660, 2669, 2653 and
2711, passed and adopted June 7th, 1933, August 7th, 1933,
August 25th, 1933, October 4th, 1933 and. December 4th, 1933,
respectively, and also disregarding hereafter all instruc-
tions heretofore given with reference to withholding payment
of interest coupons pending the furnishing of name and address
of owners of bonds as contained in two resolutions Nos. 2608
and 2635, passed and adopted April 27th, 1933, and June 7th,
1933, respectively.
PASSED AND ADOPTED this 6th day of June, A. D. , 1934.
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( Pre/ 2--sident of City Council
ATTEST: r._
QW - /'
ity Clerk
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