Resolution 9918 RESOLUTION NO. 9918
WHEREAS, there is being held in the "Renewal
and Replacement Fund" of the Metered Parking System of
the City of Miami Beach the sum of Sixty-five Thousand
Dollars ($65,000.00) par value 21/2% U. S. Treasury
Bonds maturing on December 15, 1958, and
WHEREAS, the City Council of the City of
Miami Beach deems it to be for the best interest of
the City of Miami Beach that said Bonds be exchanged
for a like amount of 3-5/8% U. S , Treasury Notes matur-
ing May 15, 1961, now being offered,
NOW, THEREFORE, BE IT RESOLVED by the City
Council of the City of Miami Beach that the Miami Beach
First National Bank, as Depositary of said Revenues and
Fund be, and it is, hereby requested and directed to
exchange Sixty-five Thousand Dollars ($65,000.00) par
value 2-1/2% U. S. Treasury Bonds maturing on December 15,
1958, now being held in the "Renewal and Replacement
Fund" of the Metered Parking System of the City of
Miami Beach, for a like amount of 3-5/8% U. S. Treasury
Notes maturing May 15, 1961, now being offered, and
BE IT FURTHER RESOLVED by the City Council
of the City of Miami Beach that a duly certified copy
of this Resolution be transmitted to the Miami Beach
First National Bank.
PASSED AND ADOPTED this 26th day of November,
A. D. 1958.
'ayor
ATTEST:
Cit Clerk
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