Loading...
Resolution 7595 RESOLUTION NO. 7595 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, CALLING AN ELECTION AT WHICH THERE SHALL BE SUBMITTED TO A VOTE THE MATTER OF ISSUANCE OF BONDS OF SAID CITY IN THE SUM OF $6,632,000.00 FOR THE PURPOSES IN THIS RESOLUTION STATED. WHEREAS, the City Council of the City of Miami Beach, Florida, deems it advisable to issue bonds of said City in amounts and for the municipal purposes set forth in the election notice provided for in Section 6 of the following resolution, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA: SECTION 1: That, subject to the authorization of the duly registered and qualified voters of said City, who are freeholders therein, participating in the election according to law, which is hereinafter called, negotiable coupon bonds of the City of Miami Beach, Florida, shall be issued in the sums and for the purposes stated in the Notice of Election provided in Section 6 of this resolution. SECTION 2: That a special election is hereby called and directed to be held in the City of Miami Beach, Florida, from seven o' clock A.M. until seven o 'clock P.M. on the 5th day of June, A.D. 1951, for the purpose of submitting to a vote of the duly registered and qualified voters of said City who are freeholders therein, the questions whether bonds of said city shall be issued in the sums and for the purposes stated in the Notice of Election provided for in Section 6 of this resolution. SECTION 3: That the City Clerk, who is also the Supervisor of Registration, open the books of said City from nine o'clock A.M. until five o 'clock P.M. , each day, Sundays and Holidays excepted, from May 3, 1951 to May 30, 1951, both inclusive, for the purpose of registering those electors who are qualified to register for this election, and after said May 30, 1951, no elector shall be registered for said election. SECTION 4: For the purpose of holding and conducting said election, the City of Miami Beach has been divided into voting precincts or election districts with polling places therein, as follows: PRECINCT NO. 25: Being all of the area within the City of Miami Beach lying North of the centerline of 51st Street, the Polling Place of which shall be at the 69TH STREET FIRE STATION, situated at 6860 Indian Creek Drive. PRECINCT NO. 26: Being the area within the City of Miami Beach lying between the centerline of 51st Street ON THE NORTH and a line ON THE SOUTH running Westerly from the Atlantic Ocean along the centerline of 34th Street to Biscayne Waterway, thence Westerly along the centerline of Biscayne Waterway to Biscayne Bay, the Polling Place of which shall be at the NORTH BEACH ELEMENTARY SCHOOL, situated on the Northwest corner of the intersection of 41st Street and Prairie Avenue. PRECINCT NO. 27: Being the area within the City of Miami Beach lying between the South line of Precinct No. 26, ON THE NORTH and a line ON THE SOUTH running Westerly from the Atlantic Ocean along the centerline of 23rd Street to Dade Boulevard, thence along the center- line of Dade Boulevard to Biscayne Bay, also including Belle Isle, Rivo Alto Island, Di Lido Island and San Marino Island, the Polling Place of which shall be at the DADE BOULEVARD FIRE STATION, situated on the North- west corner of the intersection of Dade Boulevard and Pine Tree Drive. -1- PRECINCT NO. 28: Being the area within the City of Miami Beach lying between the South line of Precinct No. 27, ON THE NORTH and a line ON THE M UTH running 'Westerly from the Atlantic Ocean along the centerline of 15th Street to Bay Road, thence South along the centerline of Bay Road to 14th Street, thence West along the centerline of 14th Street to Biscayne Bay, the Polling Place of which shall be in the SOUTHWEST LOBBY OF THE MIAMI BEACH AUDITORIUM, entered from 17th Street at Drexel Avenue. PRECINCT NO. 29: Being the area within the City of Miami Beach lying between the South line of Precinct No. 28, ON THE NORTH and a line ON THE SOUTH running Westerly from the Atlantic Ocean to Biscayne Bay along the centerline of 11th Street and said line produced the Polling Place of which shall be at the FIRE STATION IN THE CITY HAL , BUILDING, situated on 12th Street between Washington Avenue and Drexel Avenue. PRECINCT NO. 30: Being the area within the City of Miami Beach lying between the South line of Precinct No. 29 ON THE NORTH and a line ON THE SOUTH running Westerly from the Atlantic Ocean along the centerline of 7th Street to Alton Road, thence South along the center- line of Alton Road to 6th Street, thence Westerly along the centerline of 6th Street to Biscayne Bay, the Polling Place of which shall be at the MIAMI BEACH EMPLOYEES ' BENEVOLENT ASSOCIATION CLUB BUILDING, situated at 920 Alton Road. PRECINCT NO. 31: Being the area within the City of Miami Beach lying between the South line of Precinct No. 30, ON THE NORTH and a line ON THE SOUTH running Westerly from the Atlantic Ocean along the centerline of 3rd Street to Alton Road, thence along the South line of Lot 32 in Block 111 of Ocean Beach Addition No. 3, to Biscayne Bay, also including Star Island, Palm Island and Hibiscus Island, the Polling Place of which shall be at the SOUTH BEACH ELEMENTARY SCHOOL, situated between Third and Fourth Streets on Alton Road. PRECINCT NO. 32: Being all the area within the City of Miami Beach lying South of the South line of Precinct No. 31, also including the Causeway property and the islands south of the County Causeway, the Polling Place of which shall be at the MUNICIPAL PIER, situated on the Ocean Front at Biscayne Street. All being places where elections are usually held in said municipality. All electors shall vote at the Polling Places in the voting precincts in which the City Registration Books show that said electors reside. SECTION 5: That Thirty Days ' notice of said election shall be given by publication in the Miami Beach Florida Sun, a newspaper published in the City of Iiami Beach, Florida. Such publication shall be made at least once each week for four consecutive weeks during said period of Thirty days. SECTION 6: That the Notice of Election shall be substantially in the following form: "CITY OF MIAMI BEACH, FLORIDA, NOTICE OF SPECIAL ELECTION. "NOTICE is hereby given that an election has been called by the City Council of the City of Miami Beach, Florida, and will be held in said City from seven o'clock A.M. until seven o 'clock P.M. on the 5th day of June, A.D. 1951, at which there shall be submitted to the duly registered and qualified voters of said City who are freeholders therein, the following questions: "1 . Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of 4,;650,000.00, with interest at a rate hereafter to be determined, not exceeding 32o per annum, for the purpose of installing a reservoir, pumping station and mains in connection with its water system? -2- "2. Shall the City of Miami Beach Florida issue negotiable coupon bonds in the amount of $500,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of constructing a sanitary sewer screening plant? "3. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $228,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of constructing a six-lane bridge across Indian Creek at 71st Street? "4+. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $900,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of constructing two six-lane bridges across Indian Creek at 63rd Street? rr5� Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $715,000.00, wih interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of constructing a six-lane bridge across Indian Creek at 41st Street, and widening Indian Creek Drive from 39th Street to 44th Street? "6. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $160 00.00 wih interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of paving that portion of Indian Creek Drive extending from 63rd Street to 71st Street? "7. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $44449t0 .00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the payment of which a special annual tax will be levied, the amount of which levy will be reduced by collections from special improve- ment assessments made against abutting property, as authorized by law, for the purpose of paving (including sidewalks) the follow- ing highways: Dickens Avenue from 71st Street to Tatum Waterway Drive, Tatum Waterway Drive from 79th Street to 81st Street, Byron Avenue from 81st Street to 87th Terrace, Harding Avenue from 67th Street to 71st Street, Harding Avenue from 73rd Street to 87th Terrace; and for the purpose of paving the following highways: 9th Street from Alton Road to Meridian Avenue, Pine Tree Drive from Dade Boulevard to 26th Street, Abbott Avenue from 72nd Street to 73rd Street and 77th Street from Collins Avenue to Tatum Waterway? "8. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $250,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the payment of which a special annual tax will be levied, the amount of which levy will be reduced by collections from special improvement assessments made against abutting property, as authorized by law, for the purpose of constructing a sanitary sewer system on Normandy Shores (formerly known as North Isle of Normandy)? "9. Shall the City of Miami Beach, Florida issue negotiable coupon bonds in the amount of $300,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of extending, enlarging and improving the Police Station and Traffic Department buildings, including the acquisition of additional land for said purpose? "10. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $300,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of acquiring and developing a public park extending from 80th Street to 81st Street and from Collins '.venue to the Atlantic Ocean? -3- -v "11. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $1,000,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of acquiring andeveloping a public park or parks on the Ocean front extending from Collins Avenue to the Atlantic Ocean, and located between the Firestone Estate at 44th Street on the South, and the Bath Club property on the North? "12. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $350,000.00, wih interest at a rate to be hereafter determined not exceeding 3% per annum, for the purpose of acquiring and improving a community park in that part of the City lying South of 5th Street and North of Government Cut? "13. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $100,000.00, wih interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of acquiring and improving additional public park area on Normandy Isle? "14. Shall the City of Miami Beach, Florida issue negotiable coupon bonds in the amount of $100,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of acquiring and developing a community park in he area lying East of Tatum Waterway and between 60th Street and 85th Street? "15. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of : 130,000.00, wih interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of constructing a fire station? - "16. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $300,000.00, wih interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of constructing a baseball grandstand in Flamingo Park? "17. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $200,000.00, wih interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of constructing a Municipal office building on Uashington Avenue north of Lincoln Road, on the Municipal Golf Course property; surplus space therein, if any, to be leased to the Miami Beach Chamber of Commerce? "For the purpose of holding and conducting said election the City of Miami Beach has been divided into voting precincts or election districts with Polling Places therein as follows: PRECINCT NO. 25: Being all of the area within the City of Miami Beach lying North of the centerline of 51st Street, the Polling Place of which shall be at the 69TH STREET FIRE STATION, situated at 6860 Indian Creek Drive. PRECINCT NO. 26: Being the area within the City of Miami Beach lying between the centerline of 51st Street ON THE NORTH and a line ON THE SOUTH running Westerly from the Atlantic Ocean along the centerline of 34th Street to Biscayne Waterway, thence Westerly along the centerline of Biscayne Waterway to Biscayne Bay, the Polling Place of which shall be at the NORTH BEACH ELEMENTARY SCHOOL, situated on the Northwest corner of the intersection of 41st Street and Prairie Avenue. PRECINCT NO. 27: Being the area within the City of Miami Beach lying between the South line of Precinct No. 26, ON THE NORTH and a line ON THE SOUTH running Westerly from the Atlantic Ocean along the centerline of 23rd Street to Dade Boulevard, thence along the center- line of Dade Boulevard to Biscayne Bay, also including Belle Isle,Rivo Alto Island, Di Lido Island and San Marino Island, the Polling Place of which shall be at the DADE BOULEVARD FIRE STATION, situated on the Northwest corner of the intersection of Dade Boulevard and Pine Tree Drive. -4- PRECINCT NO. 26: Being the area within the City of Miami Beach lying between the South line of Precinct No. 27, ON THE NORTH and a line ON THE SOUTH running "v Westerly from the Atlantic Ocean along the centerline of 15th Street to Bay Road, thence South along the centerline of Bay Road to 14th Street, thence West along the centerline of 14th Street to Biscayne Bay, the Polling Place of which shall be in the SOUTHWEST LOBBY OF THE MIAMI BEACH AUDITORIUM, entered from 17th Street at Drexel Avenue. PRECINCT NO. 29: Being the area within the City of Miami Beach lying between the South line of Precinct No. 28, ON THE NORTH and a line ON TIE SOUTH running Westerly from the Atlantic Ocean to Biscayne Bay along the centerline of 11th Street and said line produced, the Polling Place of which shall be at the FIRE STATION IN THE CITY HALL BUILDING, situated on 12th Street between Washington Avenue and Drexel Avenue. PRECINCT NO. 30: Being the area within the City of Miami Beach lying between the South line of Precinct No. 29 ON THE NORTH and a line ON TIE SOUTH running Westerly from the Atlantic Ocean along the centerline of 7th Street to Alton Road, thence South along the center- line of Alton Road to 6th Street, thence Westerly along the centerline of 6th Street to Biscayne Bay, the Polling Place of which shall be at the MIAMI BEACHEMPLOYEES ' BENEVOLENT ASSOCIATION CLUB BUILDING, situated at 920 Alton Road. PRECINCT NO. 31: Being the area within the City of Miami Beach lying between the South line of Precinct No. 30, ON THE NORTH and a line ON THE SOUTH running jesterly from the Atlantic Ocean along the centerline of 3rd Street to Alton Road, thence along the South line of Lot 32 in Block 111 of Ocean Beach Addition No. 3, to Biscayne Bay, also including Star Island, Palm Island and Hibiscus Island, the Polling Place of which shall be at the SOUTH BEACH ELEMENTARY SCHOOL, situated between Third and Fourth Streets on Alton Road. PRECINCT NO. 32: Being all the area within the City of Miami Beach lying South of the South line of Precinct No. 31, also including the Causeway property and the islands south of the County Causeway, the Polling Place of which shall be at the MUNICIPAL PIER, situated on the Ocean Front at Biscayne Street. "All being places where elections are usually held in said municipality. "All electors shall vote at the Polling Places in the voting precincts in which the City Registration Books show that said Electors reside. "The voting shall not be on voting machines, but shall be on separate paper ballots. "The Registration Books will be open from Nine o 'clock A.M. until Five o 'clock P.M. , each day, Sundays and Holidays excepted, from May 3, 1951 to May 30, 1951, both inclusive, for the registration of persons qualified to register for said election. Mayor of the City of Miami Beac i — Florida" SECTION 7: That the voting shall not be on voting machines, but shall be on separate paper ballots; the form of ballot to be used in said election shall be in substantially the following form: "OFFICIAL BALLOT - CITY OF MIAMI BEACH, FLORIDA, SPECIAL ELECTION, JUNE 5, 1951. "1. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $650,000.00, with interest at a rate -5- -7 - hereafter to be determined, not exceeding 3% per annum, for the purpose of installing a reservoir, pumping station and mains in connection with its water system? : . FOR BONDS • : AGAINST BONDS MAKE A CROSS (X) BEFORE YOUR CHOICE "2. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $500,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of constructing a sanitary sewer screening plant? : FOR BONDS : : AGAINST BONDS MAKE A CROSS (X) BEFORE YOUR CHOICE "3. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $228,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of constructing a six-lane bridge across Indian Creek at 71st Street? : . : FOR BONDS • AGAINST BONDS MAKE A CROSS (X) BEFORE YOUR CHOICE "4. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $900,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of constructing two six-lane bridges across Indian Creek at 63rd Street? • : FOR BONDS AGAINST BONDS MAKE A CROSS (X) BEFORE YOUR CHOICE -6- "5. Shall the City of Miami Beach, Florida issue negotiable coupon bonds in the amount of $7151000007 with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of constructing a six-lane bridge across Indian Creek at 41st Street, and widening Indian Creek Drive from 39th Street to 44th Street? • : FOR BONDS • • s AGAINST BONDS MAKE A CROSS (X) BEFORE YOUR CHOICE "6. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $160,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of paving that portion of Indian Creek Drive extending from 63rd Street to 71st Street? : . : : FOR BONDS •s . : AGAINST BONDS MAKE A CROSS (X) BEFORE YOUR CHOICE "7. Shall the City of Miami Beach, Florida issue negotiable coupon bonds in the amount of $449,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the payment of which a special annual tax will be levied, the amount of which levy will be reduced by collections from special improve- ment assessments made against abutting property, as authorized by law, for the purpose of paving (including sidewalks) the follow- ing highways: Dickens Avenue from 71st Street to Tatum Waterway Drive, Tatum .laterway Drive from 79th Street to 81st Street, Byron Avenue from 81st Street to 87th Terrace, Harding Avenue from 67th Street to 71st Street, Harding Avenue from 73rd Street to 87th Terrace; and for the purpose of paving the following highways : 9th Street from Alton Road to Meridian Avenue, Pine Tree Drive from Dade Boulevard to 26th Street, Abbott Avenue from 72nd Street to 73rd Street and 77th Street from Collins Avenue to Tatum Waterway? s s : : FOR BONDS • • AGAINST BONDS MAKE A CROSS (X) BEFORE YOUR CHOICE _7_ "8. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $250,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the payment of which a special annual tax will be levied, the amount of which levy will be reduced by collections from special improve- ment assessments made against abutting property, as authorized by law, for the purpose of constructing a sanitary sewer system on Normandy Shores (formerly known as North Isle of Normandy)? : . • FOR BONDS • AGAINST BONDS MAKE A CROSS (X) BEFORE YOUR CHOICE "9. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of X300 000.00, wih interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of extending, enlarging and improving the Police Station and Traffic Department buildings, including the acquisition of additional land for said purpose? FOR BONDS • • : AGAINST BONDS MAKE A CROSS (X) BEFORE YOUR CHOICE "10. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $300,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of acquiring and developing a public park extending from th Street to 81st Street and from Collins Avenue to the Atlantic Ocean? • FOR BONDS : • AGAINST BONDS MAKE A CROSS (X) BEFORE YOUR CHOICE "11. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $1,000,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of acquiring and developing a public park or parks on the Ocean front, extending from Collins Avenue to the Atlantic Ocean, and located between the Firestone Estate at 44th Street on the South, and the Bath Club property on the North? • • FOR BONDS • • AGAINST BONDS MAKE A CROSS (X) BEFORE YOUR CHOICE -8- "12. Shall the City of Miami Beach Florida issue negotiable coupon bonds in the amount of $350,000.00 with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of acquiring and improving a community park in that part of the City lying South of 5th Street and North of Government Cut? : FOR BONDS : : AGAINST BONDS MAKE A CROSS (X) BEFORE YOUR CHOICE "13. Shall the City of Miami Beach Florida issue negotiable coupon bonds in the amount of $100,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of acquiring and improving additional public park area on Normandy Isle? s : : : FOR BONDS AGAINST BONDS MAKE A CROSS (X) BEFORE YOux CHOICE "1+. Shall the City of Miami Beach,Florida issue negotiable coupon bonds in the amount of ; 100,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of acquiring and developing a community park in the area lying East of Tatum Waterway and between 80th Street and 85th Street? 1 : FOR BONDS : : AGAINST BONDS MAKE A CROSS (X) BEFORE YOUR CHOICE "15. Shall the City of Miami Beach, Florida issue negotiable coupon bonds in the amount of 5130,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of constructing a fire station? : : : : FOR BONDS : : AGAINST BONDS MAKE A CROSS (X) BEFORE YOUR CHOICE _9_ "16. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $300,000.00, with interest at a rate to he hereafter determined, not exceeding 3% per annum, for the purpose of constructing a baseball grandstand in Flamingo Park? • • • FOR BONDS • AGAINST BONDS MAKE A CROSS (X) BEFORE YOUR CHOICE "17. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of 4200,000.00, with interest at a rate to be hereafter determined, not exceeding 3% per annum, for the purpose of constructing a Municipal office building on Washington Avenue north of Lincoln Road, on the Municipal Golf Course property; surplus space therein, if any, to be leased to the Miami Beach Chamber of Commerce? • • FOR BONDS • : AGAINST BONDS MAKE A CROSS (X) BEFORE YOUR CHOICE SECTION b: That there shall be apportioned and levied as special im- provement assessments against the abutting property on a front foot basis such portion of the cost of the construction of the highway improvements referred to in Question "7" hereinabove set forth as is by law authorized to be apportioned and levied. SECTION 9: That there shall be apportioned and levied as special im- provement assessments against the abutting property on a front foot basis such portion of the cost of the construction of the sanitary sewer system referred to in Question "8" hereinabove set forth as is by law authorized to be apportioned and levied. SECTION 10: That the collections upon the special improvement assessments against abutting properties shall be deposited in the City's local improvement bond fund for application to interest and principal pay- ments on the bonds hereby authorized and hereafter to be sold for the purpose of paying in the first instance the cost of said improvements. SECTION 11: That a special annual tax upon all taxable property within the City of Miami Beach, over and above all other taxes authorized or limited by law, or by the Charter of the City, sufficient to pay the interest and the principal of the bonds hereby authorized, at their several dates of maturity, shall be and is hereby levied, provided that the amount of such special annual tax levy shall be reduced by the amount then contained in the local improvement bond fund, and by the amount of special improvement assessments collected and then remaining in the local improve- ment bond fund, and by the amount of any other funds applicable to said bonds . SECTION 12: That the special improvement assessments against abutting property herein provided for, for highway improvements (including sidewalks) are hereby pledged for the payment of principal and interest of the bonds hereby authorized for the purpose of such highway improvements, and the special improvement assessments against abutting property herein provided for, for the sanitary sewer system, are hereby -10- • pledged for the payment of principal and interest of the bonds hereby authorized for the purpose of constructing said sanitary sewer system, and the proceeds of the special annual tax hereby provided for shall be used for no other purpose than the payment of principal and interest of the bonds hereby authorized, at their several dates of maturity, and any balance collected at any time upon such special annual tax after the payment of principal and interest upon the bonds hereby authorized shall be deposited in the local improvement bond fund. SECTION 1 : This resolution shall be effective immediately upon its passage and adoption, as required by law. PASSED and ADOPTED this 2nd day of May, A. D. 1951. Mayor ATTEST: City Clerk • -11- w cF ct'- ^ O 0' (D 0 CD W ct U) H H • OEEIcf- � crl (D F-4 0 ON H. O 'gyp �•cy co • t-► W 0 t—+ rv0 CD S " Vl • X00, 0 0