Resolution 10338 RESOLUTION NO. 10338
WHEREAS, as of July 1, 1960 there will be in the Reserve Account
of the Bond and Interest Redemption Fund of the Metered Parking
System the sum of $240, 000, of which sum $30, 000 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. 10220 for the purpose therein set forth there remains a balance
of $7, 927 . 58 in the Surplus Revenue Fund, 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 $37,927. 58 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 $37,927. 58 permits, and
BE IT FURTHER 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.
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PASSED and ADOPTED this 18th/of May, 1960.
Mayor
ATTEST:
City Cl rk
INVO,rt
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