Resolution 10121 RESOLUTION NO. 10121
WHEREAS, as of July 1, 1959 there will be in the
Reserve Account of the Bond and Interest Redemption Fund of
the Metered Parking System the sum of $210,000 .00, of which
sum $15,000.00 is required by the provisions of Resolution
No. 7127 and Resolution No. 9651 to be expended for the
redemption and retirement of Parking Revenue Bonds, Series 1950,
in advance of maturity, and
WHEREAS, out of the sum authorized to be expended
by Resolution No. 9876 for the purpose therein set forth there
remains a balance of $3,710 .24, which should also be made
available for the purpose hereinabove set forth,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF MIAMI BEACH, FLORIDA, that the sum of $18, 710 .24
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 $18, 710.24 permits, and
BE IT FURTER RESOLVED 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 20th day of May, 1959.
Mayor
Attest:
%_
City Clerk
OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA
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