Resolution 10302 RESOLUTION NO. 10302
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH,
FLORIDA:
SECTION 1: That the proposal of Lehman Brothers, Kuhn, Loeb & Co. ,
Salomon Bros. & Hutzler, Francis I . duPont & Co. ,
Robert F. Bell & Company, Inc. , The Phelps Company and Associates,
as submitted by Lehman Brothers Account Managers for all of the
bonds specified in said proposal, which bonds were authorized by
the City Council in Resolution No. 10138, passed and adopted on
June 17, 1959, is hereby determined to be the highest and best bid
received for all of said bonds, said proposal being in the words
and figures following:
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SECTION 2: That said bid be and it is hereby accepted and that
said bonds are hereby sold to said bidders for the
amount of said bid and it is hereby deemed to be the best price
obtainable for all of said bonds; and
SECTION 3: That the said $4,042,000.00 Public Improvement Bonds,
to be issued in eight series, designated Series 3,
4, 6, 7, 8, 9, 10 and 13, shall all bear interest at the rate of
three and seventy one-hundredths per cent (3.70%) per annum.
PASSED AND ADOPTED this 16th day of March, A. D. , 1960.
. /)--ax
Mayor
ATTEST:
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