Resolution 10805 RESOLUTION NO. 10805
WHEREAS, it is estimated that as of January 1 , 1963, there
will be in the Surplus Revenue Fund of the City of Miami Beach Parking
Revenue System, the sum of $637,993.01 , of which sum $168,279.74 is
required by the provisions of Resolution No. 9651 to be expended for
the redemption and retirement of Parking Revenue Bonds in advance of
maturity,
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COUNCIL
OF THE CITY OF MIAMI BEACH, FLORIDA, that the said sum of $168,279.74
be expended for the redemption and retirement of Parking Revenue Bonds,
Series 1958, in accordance with the provisions of Resolution No. 7127,
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 Resolution, be and it
is hereby authorized and directed, in accordance with the provisions of
Resolution No. 7127, to call for tenders or redemption and to thereafter
retire such number of Parking Revenue Bonds, Series 1958, as said sum
of $168,279.74 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 15 day of August, A.D. 1962.
/// oil 400,
Mayor
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