Resolution 9902 RESOLUTION NO. 9902
WHEREAS, as of January 1, 1959, there will be in the
Reserve Account of the Bond and Interest Redemption Fund of
the Metered Parking System the sum of $195,130.00, of which
sum $15,130.00 is required by the provisions of Resolution
No. 7127 and Resolution No. 9651 to be expended for the re-
demption and retirement of Parking Revenue Bonds in advance
of maturity.
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Miami Beach, Florida, that the said sum of
$15,130,00 be expended for the redemption and retirement
of Parking Revenue Bonds, Series 1950, in accordance with
the provisions of Resolution No. 7127 and Resolution No.
9651, 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 Resolutions, be and it is hereby authorized and directed,
in accordance with the provisions of Resolution No. 7127 and
Resolution No, 9651, to call for redemption and to thereafter
redeem and retire such number of Parking Revenue Bonds, Series
1950, as said sum of $15,130.00 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 5th day of November, A, D. 1958.
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