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Resolution 7659 RESOLUTION NO. 7659 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE ISSUANCE OF NEGOTIABLE COUPON BONDS AGGRE- GATING IN AMOUNT $6,632,000.00 FOR THE SEVERAL PURPOSES AUTHORIZED AT AN ELECTION HELD ON JUNE 5, 1951. WHEREAS, the City Council of the City of Miami Beach, on the 2nd day of May, 1951, adopted a Resolution authorizing the issuance of negotiable coupon bonds of the City of Miami Beach for the several purposes and in the respective amounts therein stated aggregating in amount $6,632,000.00 subject to the authorization of the duly registered and qualified voters of said City who were freeholders therein participating in the special election, which said resolution directed to be held on June 5, 1951; and WHEREAS, the said City Council on June 8, 1951, canvassed the returns of the aforesaid election and found that the issuance of said bonds had been approved by a majority of the votes cast in said election, in which a majority of the freeholders who were qualified electors residing in said City participated and that a majority of the votes cast upon each of the several issues of bonds proposed to be made were in favor of each of said issues, and declared and recorded, in the manner prescribed by law, the result of said election and canvass, which several propositions so submitted at said election and approved as aforesaid were as follows: 1. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $650,000.00, with interest at a rate 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? 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 4228,000.00, 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? -1- OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA 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? 5. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $715,000.00, 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 last 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 4160,000.00, 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 Streetto 71st Street? 7. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $44 9,000.00, 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 im- provement assessments made a,:ainst abutting property, as authorized by law, for the purpose of paving (including sidewalks) the following highways: Dickens Avenue from 71st Street to Tatum Waterway Drive, Tatum Waterway Drive from 79th Street to 81st Street, Byron Avenue from 31st 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 follow- ing highways: 9th Street from Alton Road to Meridian Avenue; Pine Tree Drive from Dade Boulevard to 26th Street, Abbott Avenue from 72nd Street to ?3rd Street and 77th Street from Collins Avenue to Tatum Waterway? 8. Shall the City of Miami Beach, Florida, issue negotiable coupon bond 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 im- provement 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. Shal) 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 60th Street to 81st Street and from Collins Avenue to the Atlantic Ocean? c -2- OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA T li. 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? 12. Shall the City of Miani 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? 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? 14. Shall the City of Miami Beach, Florida, issue negotiable coupon bonds in the anount 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? 15. Shal=e the City of Miami Beach, Florida, issue negotiable coupon bonds in the amount of $130,000.00, with 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, with 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 anount of k200,000.00, 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? NOW, THEREFORE, BE IT RESOD BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA: SECTION 1: That pursuant to said election Six Million, Six hundred Thirty-two Thousand ($6,632,000.00) Dollars of negotiable coupon bonds of the City of Miami Beach, Florida, be issued bearing date August 1, 1951, and bearing interest at a rate to be hereafter deter- mined, not exceeding 3% per annum, payable semi-annually, on the first day of February and August of each year, which interest shall be evidenced by coupons attached to the principal bonds, and both principal and t OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA interest shall be payable in lawful money of the United States of America at Chemical Bank and Trust Company in New York City, which bonds shall be registerable as to principal in accordance with the endorsement which this resolution directs to be printed on said bonds and that the City Clerk of said City is hereby designated Registrar for that purpose. SECTION 2: Said bonds shall be issued in Seventeen (17) Series and in amounts as follows: SERIES 1: For the purpose of installing a reservoir, pumping station and mains in connection with the City's water system $650,000.00 SERIES 2: For the purpose of construct°ng a sanitary sewer screening plant $500,000.00 SERIES 3: For the purpose of constructing a six-lane bridge across Indian Creek at 71st Street $228,000.00 SERIES 4: For the purpose of constructing two six-lane bridges across Indian Creek at 63rd Street $900,000.00 SERIES 5: 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 $715,000.00 SERIES 6: For the purpose of paving that portion of Indian Creek Drive extending from 63rd Street to 71st Street $160,000.00 SERIES 7: For the purpose of paving (including the construc- tion of sidewalks) the following highways: Dickens Avenue from 71st Street to Tatum Waterway Drive, Tatum Waterway Drive from 79th Street to 61st 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 high- ways: 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 $449,000.00 SERIES 8: For the purpose of constructing a sanitary sewer system on Normandy Shores, formerly known as North Isle of '.Normandy $250,000.00 SERIES 9: For the purpose of extending, enlarging and im- proving the Police Station and Traffic Department buildings including the acquisition of additional land for said purpose $300,000.00 SERIES 10: For the purpose of acquiring and developing a public park extending from 80th Street to 81st Street and from Collins Avenue to the Atlantic Ocean $300,000.00 -4- OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA • SEf?IES 11: 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 $1,000.000.00 SERIES 12: 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 $350,000.00 SERIES 13: For the purpose of acquiring aid improving additional public park area on Normandy Isle $100,000.00 SERIES 14: For the purpose of .acquiring and developing a community park in the area lying East of Tatum Waterway and between 80th and 85th Streets $100,000.00 S RIES 15: For the purpose of constructing a fire station $130,000.00 SERIES 16: For the purpose of constructing a baseball grandstand in Flamingo Park $300,000.00 SERIES 17: For the purpose of constructing a municipal office building on Washington Avenue north of Lincoln Road on the Municipal Golf Club property; surplus space therein, if any, to be leased to the Miami Beach Chamber of Commerce $200,000.00 Series 1 shall be in the principal amount of $650,000.00; shall be known as "Reservoir Bonds" and shall be numbered and mature as follows: AMOUNT MATURING AUGUST 1 NUMBERED $ 1,000.00 • 1952 1 2,000.00 1953 2 - 3 2,000.00 1954 4 - 5 5,000.00 1955 6 - to 5,000.00 1956 11 - 15 5,000.00 1957 16 - 20 24,000.00 1958 21 - 44 25,000.00 1959 45 - 69 26,000.00 1960 7o - 95 27,000.00 1961 96 - 122 28,000.00 1962 123 - 150 29,000.00 1963 151 - 179 30,000.00 1964 180 - 209 50,000.00 1965 210 - 259 52,000.00 1966 260 - 311 62,000.00 1967 312 - 373 68,000.00 1968 374 - 441 68,000.00 1969 442 - 509 70,000.00 1970 510 - 579 71,000.00 1971 58o - 65o Series 2 shall be in the principal amount of $500,000.00; shall be known as "Sewer Screening Plant Bonds" and shall be numbered and mature as follows: -5- OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA AMOUNT .TURING AUGUST 1 NUMBERED 1,000.00 1952 1 3,000.00 1953 2, 3, 2,000.00 1954 5 6 3,000.00 1955 7, 8, 9 3,000.00 1956 10, 11, 12 3,000.00 1957 13, 14, 15 M 19,000.00 1958 16 - 34 20,000.00 1959 35 - 54 21,000.00 1960 55 - 75 22,000.00 1961 76 - 97 23,030.00 1962 98 - 120 24,000.00 1963, 121- 1L114 25,000.00 1964 145- 169 40,000.00 1965 170- 209 40,000.00 1966 210- 249 48,000.00 1967 250- 297 52,000.00 1968 298- 349 52,000.00 1969 350- 401 54,000.00 1970 402- 455 45,000.00 1971 456- 500 Series 3 shall be in the principal amount of $228,000.00; shall be known as "71st Street-Indian Creek Bridge Bonds" and shall be numbered and mature as follows: ' AMOUNT MATURING AUGUST 1 NUMBERED 1,000.00 1952 1 1,000.00 1953 2 1,000.00 1954 3 1,000.00 1955 4 1,000.00 1956 5 1,000.00 1957 6 9,000.00 ' 1958 7 - 15 9,000.00 1959 16 - 24 9,000.00 1960 25 - 33 9,000.00 1961 34 - 42 9,000.00 1962 43 - 51 9,000.00 1963 52 - 6o 9,000.00 1964 61 - 69 17,000.00 1965 70 - 86 18,000.00 1966 87 - 104 21,000.00 1967 105 - 125 23,000.00 1968 126 - 148 23,000.00 1969 149 - 171 26,000.00 1970 172 - 197 31,000.00 1971 198 - 228 Series 14 shall be in the principal amount of $900,000.00; shall be known as "Indian Creek-63rd Street Bridges Bonds" and shall be numbered and mature as follows: - OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA r AMOUNT MATURING AUGUST 1 NUMBINLED $ 1,000.00 1952 1 - 2,000.00 1953 2 - 3 2,000.00 1954 4 - 5 6,000.00 1955 6 - 11 6,000.00 1956 12 - 17 7,000.00 1957 18 - 24 33,000.00 1958 25 - 57 35,000.00 1959 58 - 92 35,000.00 1960 93 - 127 37,000.00 1961 128 - 164 38,000.00 1962 165 - 202 39,000.00 1963 203 - 241 40,000.00 1964 242 - 281 68,000.00 1965 282 - 349 75,000.00 1966 350 - 424 85000.00 1967 425 - 509 94,000.00 1968 510 - 603 94,000.00 1969 604 - 697 104,000.00 1970 698 - 801 99,000.00 1971 802 - 900 Series 5 shall be in the principal amount of 4715,000.00; shall be known as "Indian Creek-41st Street Bridge Bonds" and shall be numbered and mature as follows: AMOUNT MATURING AUGUST 1 NUMBEE ED $ 1,000.00 1952 1 4,000.00 1953 2 - 5 4,000.00 1954 6 - 9 5,000.00 1955 10 - 14 5,000.00 1956 15 - 19 5,000.00 . 1957 20 - 24 27,000.00 1958 25 - 51 28,000.00 1959 52 - 79 29,000.00 1960 80 - 108 30,000.00 1961 109 - 138 31,000.00 1962 139 - 169 32,000.00 1963 170 - 201 34,000.00 1964 202 - 235 54,000.00 1965 236 - 269 58,000.00 1966 290 - 347 70,000.00 1967 348 - 417 75,000.00 1968 418 - 492 75,000.00 1969 493 - 567 75,000.00 1970 568 - 642 73,000.00 1971 643 - 71 Series 6 shall be in the principal amount of $160,000.00; shall be known as "Indian Creek Drive Paving Bonds" and shall be numbered and mature as follows: -7- OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA AMOUNT MATURING AUGUST 1 NUMBERED u 1,000.00 1952 1 • 1,000.00 1953 2 1,000.00 1954 3 1,000.00 1955 4 1,000.00 1956 5 1,000.0o 1957 6 6,000.00 1958 7 - 12 6,000.00 1959 13 - 18 6,000.00 1960 19 - 24 6,000.00 1961 25 - 30 6,000.00 1962 31 - 36 6,000.00 1963 37 - 42 6,000.00 1964 43 - 48 12,000.00 1965 49 - 60 13,000.00 1966 61 - 73 15,000.00 1967 74 - 88 16,000.00 1968 89 - 104 16,000.00 1969 105 - 120 20,000.00 1970 121 - 140 20,000.00 1971 141 - 160 Series 7 shall be in the principal amount of $449,000.00; shall be known as "1951 Street Paving Bonds" and shall be numbered and mature as follows: AMOUNT MATURING AUGUST 1 NUMBERED 1,000.00 1952 1 - 5,000.00 1953 2 - 6 30,000.00 1954 7 - 36 30,000.00 1955 37 - 66 30,000.00 1956 67 - 96 30,000.00 1957 97 - 126 25,000.00 1958 127 - 151 25,000.00 1959 152 - 176 25,000.00 1960 177 - 201 25,000.00 1961 202 - 226 25,000.00 1962 227 - 251 25,000.00 1963 252 - 276 25,000.00 1964 277 - 301 25,000.00 1965 302 - 326 24,000.00 1966 327 - 350 20,000.00 1967 351 - 370 20,000.00 1968 371 - 390 20,000.00 1969 391 - 410 20,000.00 1970 411 - 430 19,000.00 1971 431 - 449 Series 8 shall be in the principal amount of $250,000.00; shall be known as "Normandy Shores Sanitary Sewer Bonds" and shall be numbered and mature as follows: -6- I i 1 OFFICE OF CITY ATTORNEY — CITY HALL — MIAMI BEACH 39, FLORIDA AMOUNT MATURING AUGUST 1 NUMBhR.ED $ 1,000.00 1952 1 7,000.00 1953 2 - 8 10,000.00 1954 9 - 18 10,000:00 1955 19 - 28 10,000.00 1956 29 - 38 10,000.00 1957 39 - 48 10,000.00 1958 49 - 58 10,000.00 1959 59 - 68 10,000.00 1960 69 - 78 10,000.00 1961 79 - 88 10,000.00 1962 89 - 98 10,000.00 1963 99 - 108 10,000.00 19611 109 - 118 15,0::0.00 1965 119 - 133 15,000.00 1966 131E - 148 20,000.00 1967 1!i9 - 168 20,000.00 1968 169 - 186 20,000.00 1969 189 - 208 24,000.00 1970 209 - 232 18,000.00 1971 233 - 250 Series 9 shall be in the principal amount of $300,000.00; shall be known as "Police Station Bonds" and shall be numbered and mature as follows: AMOUNT MATURING AUGUST 1 NUMBERED $ 1,000.00 1952 1 2,000.00 1953 2 - 3 1,000.00 - 1954 4 2,000.00 1955 5 - 6 2,000.00 1956 7 - 8 1,000.00 1957 9 12,000.00 1958 10 - 21 12,000.00 1959 22 - 33 12,000.00 1960 34 - 45 12,000.00 1961 46 - 57 12,000.00 1962 58 - 69 12,000.00 1963 70 - 81 12,000.00 1964 82 - 93 22,000.00 1965 94 - 115 23,000.00 1966 116 - 138 26,000.00 1967 139 - 166 30,000.00 1968 167 - 196 30,000.00 1969 197 - 226 36,000.00 1970 227 - 262 38,000.00 1971 263 - 300 i Series 10 shall be in the principal amount of 000,000.00; shall be known as "80th Street Park Bonds" and shall be numbered and mature as follows: -9- OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA AMOUNT MATURING AUGUST 1 NUMBERED $ 1,000.00 1952 1 2,000.00 1953 2 - 3 1,000.00 1954 4 - 2,000.00 1955 5 - 6 2,000.00 1956 7 - 8 2,000.00 1957 9 - to 12,000.00 1958 11 - 22 12,000.00 1959 23 - 34 12,000.00 1960 35 - 46 12,000.00 1961 147 - 58 12,000.00 1962 59 - 70 12,000.00 1963 71 - 82 12,000.00 1964 83 - 94 22,000.00 1965 95 - 116 23,000.00 1966 117 - 139 28,000.00 1967 140 - 167 30,000.00 1968 168 - 197 30,000.00 1969 198 - 227 36,000.00 1970 228 - 263 37,000.00 1971 264 - 300 Series 11 shall be in the principal amount of $1,000,000.00; shall be known as "Ocean Front Park Bonds" and shall be numbered and mature as follows: AMOUNT MATURING AUGUST 1 NUMBERED $ 1,000.00 1952 1 2,000.00 1953 2 - 3 2,000.00 1954 4 - 5 5,000.00 1955 6 - 10 5,000.00 1956 11 - 15 6,000.00 1957 16 - 21 38,000.00 1958 22 - 59 38,000.00 1959 60 - 97 40,000.00 1960 98 - 137 40,000.00 1961 138 - 177 41,0:0.00 1962 178 - 218 42,000.00 1963 219 - 260 42,000.00 1964 261 - 302 78,000.00 1965 303 - 360 80,000.00 1966 381 - 460 96,000.00 1967 461 - 556 104,000.00 1968 557 - 66o 104,000.00 1969 661 - 764 112,000.00 1970 765 - 876 124,000.00 1971 877 - 1000 Series 12 shall be in the principal amount of $350,000.00; shall be known as "South Beach Community Park Bonds" and shall be numbered and mature as follows: -1C- OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA AMOUNT MATURING AUGUST 1 NUMBERED 1,000.00 1952 1 2,000.00 1953 2 - 3 1,000.00 1954 4 1,000.00 1955 5 1,000.00 1956 6 2,000.00 1957 7 - 8 114,000.00 1958 9 - 22 14,000.00 1959 23 - 36 14,000.0o 1960 37 - 50 14,000.00 1961 51 - 64 14,000.00 1962 65 - 78 14,000.00 1963 79 - 92 14,000.00 1964 93 - 106 26,000.00 1965 107 - 132 27,000.00 1966 133 - 159 32,000.00 1967 160 - 191 36,000.00 1968 192 - 227 36,000.00 1969 228 - 263 45,000.00 1970 264 - 308 42,000.00 1971 309 - 350 Series 13 shall be in the principal amount of $100,000.00; shall be known as "Normandy Isle Park Bonds" and shall be numbered and mature as follows: I AMOUNT MATURING AUGUST 1 NUMBERED 1,000.00 1952 1 2,000.00 1953 2 - 3 1,000.00 1954 4 1,000.00 . 1955 5 1,000.00 1956 6 2,000.00 1957 7 - 8 4,000.00 1958 9 - 12 4,000.00 1959 13 - 16 4,`00.00 1960 17 - 20 4,000.00 1961 21 - 24 4,000.00 1962 25 - 28 4,000.00 1963 29 - 32 4,000.00 1964 33 - 36 7,000.00 1965 37 - 43 8,000.00 1966 44 - 51 9,000.00 1967 52 - 60 10,000.00 1960 61 - 70 10,000.00 1969 71 - 8o 1 10,000.00 1970 81 - 90 10,000.00 1971 91 - loo Series 14 shall be in the principal amount of $100,000.00; shall be known as "North Beach Community Park Bonds" and shall be numbered 1 and mature as follows: -11- OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA I AMOUNT MATURING AUGUST 1 NUMBERED 4 1,000.00 1952 1 1,000.00 1953 2 1,000.00 1954 3 1,000.00 1955 • 4 1,000.00 1956 5 1,000.00 1957 6 4,000.00 1958 7 - to 4,000.00 1959 11 - 11; 4,000.00 1960 15 - 18 4,000.00 1961 19 - 22 4,000.00 1962 23 - 26 4,000.00 1963 27 - 30 4,000.00 1964 31 - 34 7,000.00 1965 35 - 41 8,000.00 1966 42 - 49 9,000.00 1967 5o - 58 10,000.00 1968 59 - 68 10,000.00 1969 69 - 78 11,000.00 1970 79 - 89 11,000.00 1971 90 - 100 Series 15 shall be in the principal amount of $130,000.00; shall be known as "Fire Station Bonds" and shall be numbered and mature as follows: AMOUNT MATURING AUGUST 1 NUMBERED $ 1,000.00 1952 1 2,000.00 1953 2 - 3 1,000.00 1954 4 1,000.00 1955 5 1,000.00 1956 6 1,000.00 1957 7 5,000.00 1958 8 - 12 5,000.00 1959 13 - 17 5,000.00 1960 16 - 22 5,000.00 1961 23 - 27 5,000.00 1962 28 - 32 5,000.00 1963 33 - 37 5,000.00 1964 38 - 42 10,000.00 1965 43 - 52 11,000.00 1966 53 - 63 12,000.00 1967 64 - 75 13,000.00 1968 76 - 88 13,000.00 1969 89 - 101 13,000.00 1970 102 - 1114 16,000.00 1971 115 - 130 Series 16 shall be in the principal amount of $300,000.00; shall be known as "Flamingo Park Grandstand Bonds" and shall be numbered and mature as follows: -12- OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA 1 AMOUNT MATURING AUGUST 1 NUMBERED $ 1,000.00 1952 1 1,000.00 1953 2 1,000.00 1954 3 1,000.00 1955 11 1,000.00 1956 5 1,000.00 19576 12,000.00 1958 7 - 18 12,000.00 1959 19 - 30 12,000.00 1960 31 - 42 12,000.00 1961 43 - 54 12,000.00 1962 55 - 66 12,000.00 1963 67 - 78 12,000.00 1964 79 - 90 22,000.00 1965 91 - 112 24,000.00 1966 113 - 136 27,000.00 1967 137 - 163 29,000.00 1968 164 - 192 29,000.00 1969 193 - 221 39,000.00 1970 222 - 260 40,000.00 1971 261 - 300 Series 17 shall be in the principal amount of $200,000.00; shall be known as "Municipal Office Building Bonds" and shall be numbered and mature as follows: ' AMOUNT MATURING AUGUST 1 NUMBERED $ 1,000.00 1952 1 1,000.00 1953 2 1,000.0o 1954 3 1,000.00 1955 . 4 1,000.00 1956 5 1,000.00 1957 6 6,000.00 1958 7 - 12 6,000.00 1959 13 - 18 6,000.00 1960 19 - 24 6,000.0o 1961 25 - 30 6,000.00 1962 31 - 36 6,000.00 1963 37 - 42 6,000.00 1964 43 - 48 15,000.00 1965 49 - 63 16,000.00 1966 64 - 79 16,OoO.00 1967 80 - 97 20,000.00 1968 98 - 117 20,000.00 1969 118 - 137 31,000.00 1970 138 - 168 32,000.00 1971 169 - 200 SECTION 3: That all of the bonds herein authorized and referred to in Section 2 of this Resolution, except the bonds referred to in said Section 2 as Series 7 "1951 Street Paving Bonds" and Series 8 "Normandy Shores Sanitary Sewer Bonds" shall be in the denomination of X1,000.00 each and shall be designated "Public Improvement Bonds", -13- OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA followed by a brief description of the purpose as hereinbefore provided and shall be alike in form, except as to statement of series, purpose and the dates of maturities and numbers, and the form of said bonds, coupons and registration endorsement, as well as the manner of execution of said bonds and coupons and certificates of validation shall be sub- stantially as follows: No. UNITED STATES OF AMERICA $1,000.00 STATE OF FLORIDA, COUNTY OF DADE CITY OF MIAMI BEACH PUBLIC IMPROVEMENT BOND (Here insert series No. and statement of purpose) KNOW ALL MEN BY THESE PRESENTS that the City of Miami Beach in the County of Dade and State of Florida, is justly indebted, and for value received, hereby promises to pay to the bearer, or if registered to the registered owner hereof, on the 1st day of August, 19 , the principal sum of ONE THOUSAND DOLLARS with interest thereon at the rate of per cent per annum, payable semi-annually, on the first day of February and the first day of August 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 payable in lawful money of the United States of America, at the office of Chemical Bank & 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 of like tenor, date and amount, but maturing at different times, issued by said City for the purpose of paying the cost of certain public improvements in the City of Miami Beach, Florida, as stated in the caption hereof and more particularly described in Resolution No. of the City Council of said City, passed and adopted June 13, 1951, under the authority of and in full compliance with the Constitution and Statutes of the State of Florida, including Chapter 103, Florida Statutes, 1941, and the City Charter, being Chapter 7672 of the Laws of Florida of 1917, and Acts amendatory thereof and supplemental thereto, and has been duly authorized and approved by a majority of the votes cast in an election in which a majority of the freeholders who are qualified electors residing in said City participated, which said election was called and held and the result declared and recorded in the manner prescribed by law. It is hereby certified and recited that all acts, conditions and things required to happen, exist or to be done precedent to and in the issuance of this bond by said charter and the laws and Con- stitution of the State of Florida, have happened, exist and have been performed; that provision has been made for the levy and col- lection of a direct annual tax upon all taxable property within said City, sufficient 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 constitutional or statutory limitation thereof. This bond may be registered as to princi- pal in accordance with the provisions endorsed hereon. -14- OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA I IN WITNESS WHEREOF, the said City of Miami Beach, Florida, 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 first day of August, A. D. 1951. Mayor City Clerk COUPON NO. On 1, 19 , the City of Miami Beach, Florida, will pay to the bearer at Chemical Bank & Trust Company, New York City, the sum of Dollars in lawful money of the United States of America, as provided in and for the interest then due on its Public Improvement Bond, Series , dated August 1, 1951, 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 , `1951• Clerk of the Circuit Court of the Eleventh Judicial Circuit for Dade County, Florida. ENDORSEY1ENT 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 officer or agent as may be designated Registrar by resolution of the governing body of said City and may thereafter be transferred on such register by the registered owner in person, or by attorney, upon the presentation to the Bond Regis- ' trar, accompanied by delivery of a written 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. Not- withstanding 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 -15- OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA SECTION 4: That in each year while any of the bonds referred to in Section 2 of this resolution, except the bonds referred to in said Section 2 as Series 7 "1951 Street Paving Bonds" and Series 8 "Normandy Shores Sanitary Sewer Bonds", shall be outstanding there shall be levied on all of the taxable property within said City, a direct annual tax sufficient to pay the principal and interest falling due in the following year upon said bonds, which tax shall be collected as other City taxes are collected and shall be used for no other purpose than the payment of said principal and interest. SECTION 5: That ail of the bonds herein authorized and referred to in Section 2 of this Resolution as Series 7 "1951 Street Paving Bonds" and Series 8 "Normandy Shores Sanitary Sewer Bonds" shall be in the denomination of One Thousand Dollars ($1,000.00) each and shall be designated "Improvement Bonds" followed by a brief description of the purpose as hereinbefore provided, and shall be alike in form except as to statement of series, purpose and the dates of maturities and numbers, and the form of said bonds, coupons and registration endorsement as well as the manner of the execution of said bonds and coupons and certificate of validation shall be substantially as follows: No. UNITED STATES OF AMERICA $1,000.00 STATE OF FLORIDA, COUNTY OF DADE CITY OF MIAMI BEACH IMPROVEMENT BOND SERIES KNOW ALL MEN BY THESE PRESENTS that the City of Miami Beach in the County of Dade and State of Florida, is justly indebted, and for value received, hereby promises to pay to the bearer, or if registered to the registered owner hereof, on the 1st day of August, 19 , the principal sum of ONE THOUSAND DOLLARS with interest thereon at the rate of per cent per annum, payable semi-annually, on the first day of February and the first day of August 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 payable in lawful money of the United States of America, at the office of Chemical Bank & 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. -16- OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA This bond is one of a series of like tenor, date and amount, but maturing at different times, issued by said City for the purpose of paying the cost of certain public improvements in the City of Miami Beach, Florida, as stated in the caption hereof and more particularly described in Resolution No. of the City Council of said City, passed and adopted June 13th, 1951, under the authority of and in full compliance with the Constitution and Statutes of the State of Florida, including Chapter 103, Florida Statutes 1941, aid the City Charter, being Chapter 7672 of the Laws of Florida of 1917, and Acts amendatory thereof and supplemental thereto, and has been duly authorized and approved by a majority of the votes cast in an election in which a majority of the freeholders who are qualified electors residing in said City participated, which said election was called and held and the result declared and recorded in the manner prescribed by law. It is hereby certified and recited that all acts, conditions and things required to happen, exist or to be done precedent to and in the issuance of this bond by said charter and the laws and Constitution of the State of Florida, have happened, exist and have been performed; that provision has been made for the levy and collection of a direct annual tax upon all taxable property within said City, which, together with collections from special improvement assessments made against abutting property, will be sufficient 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 constitutional or statutory limitation thereof. This bond may be registered as to prin- cipal in accordance with the provisions endorsed hereon. IN WITNESS WHEREOF the said City of Miami Beach, Florida, 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 first day of August, A. D. 1951. Mayor City Clerk COUPON NO. On 1, 19 , the City of Miami Beach, Florida, will pay to the bearer at Chemical Bank & Trust Company, New York City, the sum of Dollars, in lawful money of the United States of America, as provided in and for the interest then due on its Improvement Bond, Series dated August 1, 1951, 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 , 1951. Clerk of the Circuit Court of the Eleventh Judicial Circuit for Dade County, Florida. -17- OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA r ENDORSEMENT 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 Clrk, or by such other officer or agent as may be designated Registrar by resolution of the governing body of said City and may thereafter be transferred on such register by the registered owner in person, or by attorney, upon the presentation to the Bond Registrar, accompanied by delivery of a written 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 SECTION 6: That in each year while any of said bonds referred to in Section 2 of this resolution as Series 7 "1951 Street Paving Bonds" and Series 8 "Normandy Shores Sanitary Sewer Bonds" shall be out- standing there shall be levied on all of the taxable property within said City a direct annual tax which, together with collections theretofore made from special improvement assessments made against abutting property, shall be sufficient to pa;; the principal and interest falling due in the following year upon said bonds, which tax shall be collected as other City taxes are collected and shall be used for no other purpose than the payment of said principal and interest. SECTION 7: That the' City Attorney is hereby authorized and directed to proceed in the name of said City to have said bonds validated by the Circuit Court of Dade County. SECTION 8: That the Mayor and the City Clerk are hereby authorized and directed to execute said bonds and affix the seal of said City thereto and that they and the City Attorney are hereby authorized and directed to take such steps as may be necessary to effect an early sale and delivery of said bonds. SECTION 9: That this resolution shall be in force and effect immediately upon its adoption. PASSED and ADOPTED this 13th 7 of Jun ,V. D. 115?) Mayor Attest: City Clerk OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA _ — — — — — — • • lt1 F-r 0\ O r-I 4-4 ltf O r0+) C� NO RI c 0 F-4 O H 0 H0.0 't3 H H H U 0 N o a •H r--I 0 'rN cc 0 o O 4-5043 .i"+ O P, U 4-) bL P O O a) 0r--i • 0P, 1)