HomeMy WebLinkAboutCC 1908-11-17 Minutesfull value Qf Home.
71.1,. o.lium end seconded by T.V.T.E.7.e.otham tint to foregoin,, reeolu-
t?.one be adopted; Motion carried.
Minn:
17t^,19Oi.
Remiai
ss meetl ;; of t e City Cuun?, rolled to order by President J..I.Wilr
;the choir: Members present J.I•Wileon,I.F.Lummus,• .1i.Reilly,T.N,Rr,utier,
ger,T. F, Cr,rat 41m and M. R. r'El lum.
Thy' following communication was read;
Miami pt.l0tn,190t5.
.0.Adhrrs,City Clerk,
Miamidola.
Jeer Sir;-
n in
.Gran -
I Nava today received a certified copy of,t*e„resol)tion passed by the_
City Co Heil or '.'iami , at a meeting Held Aug.20th,190►3. , in which resolution it
i ordered tnat I, as Receiver o" the Fort Petlte Nntional Hank.) be requ.ireq to
complete t'ie contract entered into by the said Hank and the'Hoard of Public Works
or the City of Miami, taking up the remaining aeries of 'I[u icipei bonds, amount-
Ing in the aggregate to "170,00 .00.
You are hereby inrurmeri that I nave no authority to complete the above avert,
tuned r•ontrrrrt, and 1 the -efore detllne to doeu.
Yours truly,
!,;1gned) d.K.Mcj)onald,Recetver.
."f.overi by .,.P, eii1y end seconded by '''.E.0 entrant that tre ab )ve roanrrunicatlon r?e
'eceived nn'i spread upon the minutes; Motion carried.
Report of Committeemen on Finance;
bept.17tn,19
Fl.,n,l'it,y Council,
City of Miami.
Gentlemen; -
I beg to :.epo,t twat t o City bonis have been delivered by the Empire
Trust tlompeny of New York to tr,r First Nntlunal Pan k of Miam1,T'1a, as evidenced
.ray copy of their receipt herewith ettaced,
in company wits? 't' e officials of the Beek, the City A rditor and nnyael ' were
.permitted to cheer 1,;(1 bonds with the City's . eco. ds and they wore fond to he
correot. Your truly,
(:.igned) J•E.I,unmus,Finance Committeeman.
,'lon•Mayor of V.lemi,
Miemi,T?la.
.Sir; -
We ve receiver] from the Empire Tr .st Comp; ry of New York City, Ponds of
The City of Miami, of a per value of :70,Q00.00.0ewer fonds 411.QO0.,eech,Nu'>' 11
to 30 inrlu: ive ",,' :',000.00; .street Purvis t1000.00 each, No's 6 to ?`.) inclusive
M,00L.00: City Huildint,; Ponds `t1Od0.00 each ^'o':' 1 to 20 inclusive t20, O0.00
Perks Hnd Promenade Ponds !1.000.00 each No'e 1 to 15 inrlunlve t15,000.00.
V ':ich we f n l 1 hold sub.lect to instrur;,ions from the City Council os,-er ruh-
'scribed rrundltionr " The First Netionol ank will hive the property ].eft for sefe
,keeping the same care that it Floes to its own property, not beyond tnet (1pps n rt
ass sere responsibility".
Very truly your.;,
Edwrird C. Rurfh, Co:. ter.
on. City C urcil,
City of Miami.
eentl eaten; -
In addition to my report just submitted, reference to t'7d,000.00 city
Ponds de.i ivere by t'•e }-:mpire 'Trust Company of New York to the First National
f Prink of Miami, + l e. , I beg to advise tr,r;t each of the said bonds have the follow,
,ing eteteme t printed t•.ereun, "The leelity of tnis issue of bonds, of which
•tnis is one, hove been approvers by ,l.H.Caldwell,Pry., whoa opinion and legel pe-
:prspo rel.rting to the issue ere filer] fur 1 bpectlun of the holder hereof with thb
Columbia Trust Company, i/ -6 Nassau :'t:•eet., New Yurk.
Ther'i, is also printed un ears, of these bonds the fulluwlnl, certificate',_
"It, le :.ereby certifier) that tee within bond ie one of a :.eries of(d+;.•Cript.'un)
J.)„nests ' like tenor end amounting in the egr;reLHte to ( pe»ified emo>,Ent) Arid,_thPt
:the eignetu:•es and Heal thereto affixed are genuine".
..C.Qluntbia. Trust Qompany,_ _. .. ..._._.._ �_
Hy 1,.".v'1EE;ine, ;.ecretary.
t
•
387
Dated Merck 27th., 1907.
Areording to the records of the Com isieioners of Public Works the bonds were
o iglnelly deposited with the ctslunsbis trust coc.eany of New yurk, and. on iastruc-
"..i ,ntr *rpm the, ommiseioners of Public Works delivered to the Empire Trust Company
of New yurk, and en the orders of the pr.eeeat city uovermment the empire trust dump-,
Any of New York have deliverers the bonds to the First national Bank of !!sans, Fla.
:especttwily submitted,..
(Signed) J.E.L'.Jmmus,Finance Committeeman.
"u ted by J . B. Reilly and seconded by. T. E. Che.attia* tke .the report of the Finance Con- ,
n,itteemer be accepted Rnd spread upon the minutes; Motion carried.
Miens, Pia,.. 0_ct,lat, 19 )d.
P'.Eit(ul nr meeting of the City Council palled to order tx rAs dent J.I.Wil.son in
the (,heir.
Mee bere present J.I.Wilsun, J.E.Lua+aus, J.A.Reilly,, T.N.nr,uticr,L.Gran.ger
and T. ..:neatrlem-.
The following comuunlcetlon read;
vr.•l.✓..` en nR1r1,
u'3 a.
Miami, Fla, .'ct, 1st, 190 5.
near lr;-
I beg to Advise you t^at Edmund Seymure end Company of New Yurk City nhve.
prupo >d t,r, t e City that under certain conditions they will undertake to piece for
L!-u '.'sty tee remaining unsold "_70,000., unsold .city of . iaaci Bands, and one of the .
-'ovi:=riuns in their proposition in that they will assign to the city a1 their
i 1 _tit, title and interest in tne j1000., depoeit which they made with t'att Fart Dal-.
les matiunn} Bank Rt the time they entered into n contract with the said Fort Jiallaa
Nr, Li.;ne ! oank to purchase the Bonds.
1°i 11 .you kindly arivit+e the City Council what ur 'clam: on you, e, Receiver of
the . ;. flel l as National Bank would amount .Go if we would accept tr.e proposition.
of :;oylLore and Company and ta!'e t ,e1r assi. nment of tr.eir claim of $1000. against
tr.0 Bank, and y Ju w111 please advise us also ea to whether or nut we have a::; claim
on ,y• u , es Receiver of tr.e Fort Dallas Naational Bank on the eh aka of Wm.8rown,0
"1000. that were deposited oy him ae a g.iax'enitee that he would purchase
all the .'100,000.00 City Bonds as these the ks are still held by tne City.
Tea City Council meets in re„ruler seesiuf .tonight and we would be pl:sased to
to ve you: reply au we will have Alliebsee salters before us at our meeting.
Very truly yuura,
(Signed) J.E.Lummue,Finance Committeeman.
','ianii, Fla. Oct. 1st, 1908.
..I.c'..l,uncnru: ,Cnairmen Pin,'nce Committee,
Miami, Fla.
Year iRttct• of October 1st, has been duly re eived, Concerning 170.000. of
trru oil tuns:' u' t:he =ity of Mai,.., which. you say were cuvered by a contract foe pur-
chesc ty the Fort Dallas Ne' ionel Bank of Miami, prior to its sis1RnnsmS su::peg lion.
1 beg to arivl e yuu ago1n, that I, as Receiver, cannot undertake to carry out .
er;y c,,ntrr,,'t wite t. e city of Miami for the purche: e of tne Ponds went tined.
I ''c,ve also advised Fdn.und Seymur,'e end Company uo New yurk, trot 1, es Receiver.
(!F,nn t undertake to carry out the contract made ,>y tam with Lae Fort Dalln: NRtiun-
• l Hnnv prior to its :lu!rpentiun.
1•1un i eyn.:re n',d Company deposited 1000. under the contract entered into with
r1emr ;c1r;-
Any person to whom l?rimunri ,;e,ymore and Company may Assign their claim for the
:1 00. s,, iepusit;ed will he treFlted by se, as Heceive.', arts a general creditor o_
Ln. !'ort 1.`F,11F,e National Benk.
Yo r truly,
(Signed)J.K.` cDoneld,Receiver.
,v; 1 e ..1-.Reilly and eecundel by T.N.Uautier that tree above .onr:..unicatiuns be ae-.
cr;ote 1 and sap, ead upon the minutes; Motion carried.
f'ust ::':riuL; Miami. Fin. Jany. 16tn. 1908.
., the on. Vayor and 'ty Cc.uncil.,
Mined, Fla.
entl eaten; _ ._ . . ....
I herewith respectfully tenderYyou my re._ignationP ee a member a t• e