Resolution 9261 RESOLUTION NO. 9261
WHEREAS, there is available in the "Surplus Revenues
Account" of the Metered Parking System created by the provisions
of Resolution No. 7127 the sum of $21,590.20, for the retirement
of Parking Revenue Bonds in advance of maturity, as required by
said Resolution, and
WHEREAS, as of July 1, 1956 there will be in the
Reserve Account of the Bond and Interest Redemption Fund of
said system the sum of $165,000.00, of which sum $15,000.00
is required by the provisions of said Resolution to be expended
for the redemption and retirement of said Parking Revenue Bonds
in advance of maturity, and
WHEREAS, there is therefore a total sum of $36,590.20
available for such redemption and retirement of said bonds,
NOW, THEREFORE, BE IT
DULY RESOLVED BY THE CITY
COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, that the said
total sum of $36,590.20 in said "Surplus Revenues Account"
and said "Reserve Account of the Bond and Interest Redemption
Fund" be expended for the redemption and retirement of Parking
Revenue Bonds, Series 1950, in accordance with the provisions
of Resolution No. 7127, and to the extent that said sum permits,
and
BE IT FURTHER RESOLVED by the City Council of the
City of Miami Beach, Florida, that the Miami Beach First
National Bank, of Miami Beach, Florida, the Depositary designated
in said Resolution, be and it is hereby authorized and directed,
in accordance with the provisions of Resolution No. 7127, to call
for the redemption, and to thereafter redeem and retire such
number of Parking Revenue Bonds, Series 1950, as said sum of
$36,590.20 permits, and
BE IT FURTHER RESOLVED by the City Council of the
City of Miami Beach, Florida, that a duly certified copy of this
Resolution be transmitted to the Depositary, the Miami Beach First
National Bank, of Miami Beach, Florida, as sufficient evidence
of the full and complete authority of said Depositary to so act in
the premises .
PASSED and ADOPTED this 16th day of May , 1956.
ice ayor
Attest:
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C y !/ er
OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA
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