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Resolution 5634 E z RESOLUTION NO. 5634 1` BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF M .AMI BEACH, FLGRIiA, that it is deemed to the Pest interest of said City to secure the passage, at the 1943 session of the State Legislature, of a bill entitled, "AN ACT AMENDING SUB-SECTION "Y" OF SECTIONS 29 AND 30 OF THE CHARTER OF THE CITY OF MIAMI BEACH, FLORIDA, BEING CHAPTER 7672, LAWS OF FLGRIDA, ACTS OF 1917, AS tii+.ENDED, SAID CHAPTER BEING ENTITLED, "AN ACT TO ABOLISH TEE PRESENT MUNICIPAL GOVERNMENT OF THE TOWN OF MIAMI BEACH IN THE COUNTY OF DADE AND STATE OF FLORIDA, AND TO ES- TABLISH, ORGANIZE AND INCORPORATE A CITY GOVERNMENT FOR THE CITY OF MIAMI BEACH, TO DEFINE ITS TERRITORIAL BOUNDARIES, TO PRESCRIBE ITS JURISDICTION, POWERS AND PRIVILEGES, AND FOH THE EXtRCISE OF SAME AND TO AUTHORIZE THE IMPOSITION OF PENAL- TIES FOR IRE VIOLATION OF ITS ORDINANCES. " BE IT FURTHER RESOLVED that copies of this Resolution am of said bill be furnished to the Hon. . rnest R. Lxraham, the Hon. marshall C. ti«iseheart, the Hon. C. 'v, . Peters, and the i-ion. R. B. Gautier, Jr. , members of the Stace Legislature from Dade County, and that they each be respectfully requested to see that a bill, substantially in accordance with said copy be introduced and passed at said session. PASSED and ADOPTED this 11th day of I arch, D. 1943. Mayor City Clerk - A BILL TO BE ENTITLED: AN ACT AMENDING SUBSECTION "Y." OF SECTIONS 29 AND 30 OF THE CHARTER OF TAE CITY OF . ' MIAMI BEACH, FLORIDA, BEING CHAPTER 7672, LAWS 0? FLCRIDA, ACTS OF 1917, AS AMENDED, SAID CHAPTER BEING ENTITLED, "AN ACT TO ABOLISH. TAZ PRESENT MUNICIPALaGOILLRNMEAT OF THE TOWN OF MIAMI BEACH IN THE COUNTY OF DADE AND STATE OP FLORIDA, AND. TO ES- TABLISH, ORGANIZE AND INCORPORATE A CITY GOURNICENT FOR THE CITY OP MIAMI BEACH, TO DEFINE ITS TERRITORIAL BOUNDARIES, TO PRESCRIBE ITS JURISDICTION, POWERS AND PRIVILEGES, AND FOR TEE IXERCISE OF SAME AND TO AUTHORIZE TE IMPOSITION OF PENAL- TIES FOR THE VIOLATION OF ITS ORDINANCES. " BE IT ENACTED BY TIE LEGISLATURE OF THE STATE OF FLORIDA: SECTION 1. That Sub-section "V' of Sections 29 and 30 of Chapter 7672, Laws of Florida, Acts of 1917, be and the same is hereby amended so as to read as follows: . "y. On or after the confirmation of the resolution ordering an improvement or improvements, the City Council may, by resolutiOn, issue bonds of the City for the payment of the entire cost or any part thereof, inclfding incidental expense, and'f or the reimbursement of any fund of the City from Which any part of such cost shall have theretofore been paid, in an amount not great- er than the estimate herein provided of the cost and in- cidental expense, which estimate, if the initial resolu- tion shall have given two or more alternative descriptions of the improvement by its material, nature, character and size, with estimates as to each description, shall be the lowest of such estimates, but no bonds shall be is- sued in excess of the contract price and estimated cost of incidental expense unless such bonds shall have been delivered or sold or advertised for sale pricer to the making of such contract. If the bonds shall be authorized after such contract is made, they may be issued to the full amount of such contract and the amount paid and the amount awarded in eminent domain proceedings for any land, rights and easements necessary to be acquired for the improvement and the estimated incidental expense, and a finding by theCity Council of the amount of a contract or the amount so paid to or awarded for land, rights or easements, or the amount of incidental expense, shall be conclusive for the purpose of this paragraph. An issue of bonds need not be limited to one improvement, and bonds may be issued in one or more series for all or a part of the cost of any one or more improvements. Each series of bonds shall mature in annual installments on such dates of each year and in such amounts as the City Council may determine, beginning not more than two years from their date, not extending beyond twenty years from their date; they shall bear interest not greater than six per cent per annum, payable semi-annually, and the principal and interest shall be made payable in such medium and at such place as the City Council may determine. Such bonds shall be absolute, general and direct obligations of the City and shall be issued only in denominations of 000.00 or 41,000.000with interest coupons attached. They shall be sold by the City Council only after publishing at least ten ( 10) days before receipt of bids therefor, a notice calling for such bids, and shall not be sold at less than Wq on the dollar and accrued interest . Such bonds may provide for redemption prior to maturity at a price not greater than 103 plus accrued intemst." SECTION 2. That this Act shall take effect immediately upon its becoming a law. H •ri 4-� ,O O 4H _ 0 M O}I0 = r(N ill N • sa3 S.1 0 Ti HCDFA �yy F� H P ••lV0 p� o bo 0 0 O •r-1 U 4-) W �d rd U •r-r at W c t 0