HomeMy WebLinkAboutR-00053al=
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8OL1TZQ NO.Z.
RESOLUTION PROVIDING FOR THE FORM AND
EXECUTION OF IMPROVELENT BONDS TO BE IS-.
SUED UNDER SECTION 56 OF THE CHARTER OP
TEE CITY OF MIAMI.
BE IT RESOLVED BY THE COMMISS1DN OF THE CITY OP MAXI:
Z " •
lution, the form of all mproVenent Bonds and coupons
sued under the authority of Section 56 of the Charter of h
City of Miami, adopted in 1921, shall be substantially
follows:
No.
UNITED STATES OF AMERICA
STATE OF FLORIDA, COUNTY OF DADE
CITY OF liaAlia
IMPROvEMENT BOND
ISSUED UNDER SECTION 56, CITY CHARTER/
-COMMISSION
MEETING OF
OCT! 1,-(fz(
Oa
MilIOLUTION NO.
00000000000 •••4”.••••••• •
KNOW ALL MEN BY THESE PRESENTS: That thb City of Miami,
in the County of Dade and. State of Florida, As justly indebt-
ed and for value received hereby promises t6 pay to the bear-
er on the day of ,19 the principal sum
of DOLLAR!, with interest them -
on, at the rate of_per centum per annum, payable
1, 19 and semi-annually thereafter on the days of
—and in each,year, upon the presenta-
tion and surrender of the annexed interest coupons as they se-
verally become due. Both principal and interest of this bond
are payable in R.old coin of the United States at the present
standard weight and fineness at
in the City of New York, and State of New York.
This bond is one of a seri of bonds Of like. date, ag-
gregating , an4'is issued for the purpose of
paying a portion of the cost o' certain improvements referred
to on the reverse of this bond, or of reimbursing one or more
City funds for payments made(taerefrom uron such portion of
cost, under the authority and within the limitations of and in
full compliance with the Charter of said City and in particular,
Section -56 thereof, and a resolution duly adopted by the Commis-
sion thereof. The full faith, credit and resources of said. City
of Miami are irrevocably pledged to the prompt payment of the
principal and interest of said series as the same shall fall due,
and to the aprlic::tion to said payment of all assessments hereto-
fore or hereafter :ado upon property within said city for any part
of the cost of said improvefflents. It is hereby certified and re-
cited that all act, conditions and thi gs reouired to exist or
to be done precedent to and in the i::uance bo.1-:d by said.
Charter and the laws and constitutio c said State, have duly
harPaned and been -r_rformed; that provision as been for the
levy and collection of direct annual tax upon all taxable Fro-
rforty within said Jity sufficie:', to 1)ay the interest 'and princi-
pal of thi:7" boT,d a, the L'ae shall beecne due; and tht the total
inde'etednessof aid iitr, includin-7 this boncl, does not exceed
any constitutional or statutol%;
ViTri;2,66 WL-1017, said Jity of has caused this bond
to be si;rted by itu L.ayorc;:id. Clerk, under ]tc corporate seal,
and attested by it2' Director of 2fnance, and the :1:::tere2;t cou-
pons hereto attaihed to Le ed viith t_o ;-titre
of L'aL6 Clerk, all a: of the day of 77 , 19
"DOCUMENT INDEX
ITEM NO.
City le-(.1:
•
y p o ' ' fA $t, 16h
till pay to bearer `at
in New York City, the sum of Deliars:,
.in gold ooin, as' provided in:and .' or the interest then due ;;.
;.on.its imp ovement Bon& Series dated ' •
' $Yid '± nb.ere('i I
Uity Clerk..
{On reverse of n&)
,.Tie improvements for a portion of the cost of vrhieht
bond' : is )sued are:
The 4.Iprovement of
f
to
der-Reseaw 4e i-3Io - -; 'aelo-pk �.v..d� .41L:.-yr.,- v�u,._�,�.-� . ��d..
'Section 2. That Resolution No. 877 passed. August 26th,
1915, by the City Council of the City of Miami and all amend-
ments thereof, including Resolution Iro. 1370 passed July 28th,
1919, providing for the form and e?ecution of. Special Improve-
ment Bonds issued under Section 26 of the former legislative
charter of the City of Miami, be and are repealed.
PASSED AND ADOPMD this llth day (la -tuber, - A ....1921.