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HomeMy WebLinkAboutR-00210RESOLUTION NO. 210. RESOLUTION AUTHORIZING $700, 000 MUNIOIBAL IMPROVEMENT BONNDDS S. BE IT RESOLVED BY THE COMMISSION OF THE OITY OP M AMI: Section 1. That $700,000 negotiable bonds of the Oity of Miami be issued in the following amounts and for the following pur- poses: Section 2. That $30,000 negotiable coupon bonds of the Oity of Miami be issued, dated July 1, 1922, and bearing interest not .. exceeding.six per oentum per a nnum, the exact rate of interest to be fixed by. the City Commission of the City of Miami after the receipt of the bids therefor, and oonsisting of thirty bonds of $1,000.00 each, numbered from 4544 to 4573, inclusive, pursuant to the election held April 25, 1922, for the purpose of erecting a municipal building as an addition to the present city hall, as provided in Ordinance #76, approv- ed February 21, 1922. Section 3. That $20,000 negotiable coupon bonds of the City of Miami be issued, dated July 1, 1922, and bearing interest not exceed- ing six per century per annuli, the exact rate of interest to be fixed by the City Commission of the City of Miami therefor, and consisting of twenty bonds 4399 to 4418, inclusive, pursuant to the after the receipt of the bids of $1,000.00 each, numbered election held April 25, 1922, for the purpose of motor equipment for Street Department and asphalt repair plant for Street Department, as provided in Ordinance #76, approv- ed February 21, 1922. Section 4. That tif25, 000. negotiable coupon bonds of the City of Miami be issued, dated July 1, 1922, and bearing interest not exceed- ing six per centwi per annum, the exact rate of interest to be fixed by the City Commission of the Cit7 02 '.:iarii after the receipt of the bids therefor, and cor_sistin^ of twent,r-five bonds of 41,000.00 each, numbered. from 449to 4523, inclusive, pursuant to the election held April 25, 1922, for the purpose of a building for the Fire Department and motor equipr..ent fur the Fire Department, as provided in Ordinance February 21, 1922. "DOCUMENT INDEX ITEM NO. -1- ;•f,--pra�red. CITY COMMISSION "SUPPORTIVE MEETING OF DOCUMENTSaYo a — 9�.? FOLL•OW" ...a. ..:o .y^� • • n 6. 26,000 negotiable, ooupfl'bonds of Miami be iesued, dated July 1, 1922, and'bearing inteit ing six per oentum per annum, the exsot rate of interest to be' tiXed the Oity Commission of the Oity of Miami after the receipt of the b therefor, and consisting of twenty-five bonds of $1,000.00 eaoh, numb. from 5074 to 6096, inclusive, pursuant to the.eleetion held April 2 1922, for the purpose of construction of and equipment for park, se -pro- vided in Ordinance #76, approved. February 21, 1922.' ' Section 6. That $75,000 negotiable coupon bonds of therOity: of Miami be issued, dated July 1, 1922, and bearing interest2notAXoeed ing six per centum per annum, the exact rate of interest to be fixed:by the Oity Commission of the Oity of Miami after the reoeipt of the bids therefor, and consisting of seventy-five bonds of $1,000.00 each, number- ed from 4574 to 4648, inclusive, pursuant to the election held April 25, 1922, for the purpose of erecting additional buildings for hospital'pur- poses and equipment therefor, as provided in Ordinance #76, approved February 21, 1922. Section 7. That $25,000 ne7o iable coupon bonds of the City of Mia.:i be izoued, dated July 1, 1922, id be'aring interest not exoeed-. ings er centum per anma, the exact rate of interest to be fixed by MI the City Commission o the City of after tisp receipt of the bids therefor, and consist of tw:7-nty-live bonds of t1,000.00 each, number- ed from 46/_9 to 4673, inclusive, pursuat to the election held April 25, 1922, for the purpose of erecting additional -;)uildina.s for hospital pur- poses and eguir:nent thez,efor, ao provided in Ordinance #76, approved vebru,:.r:,- 21, 1922. Section 3. Thz.t 1;1:0, C ne- table coupon bonds of the Oity of Miami 1:0 ::--cd, dated Jule 1, 1922, and bearing interest not e7.-ceed- f:..?: six per centum per annum, the exact ratc .._toro-t to be fixed by the City Commission 01 the Ci%,- Df Iiir.i after the receipt of the bids thercroe, ' fifty bonds of c1,000.20 each, nItibered "rom z_419 to 44GS, inclusive, pursuant to the election ]:old April 25, 1922, for the purpose of drede.Enj and deelDe:lin7 the harbor of the City of Miami, as 2,rcvfded fn nace #73, approved February 21, 1922. 2ect1or 9. That 00,000 negotiable ccul;on ;L.' the City "SUP RTWE ued, dated July 1, 1922, and bearing interest not exceed- DOUMENT :er FOLLOW" annul.2, the exact rate of interest to be fixed by -2- 41.11111... • • en Of th• tlity of Miami after tro reeeipt of tbo bids therefor, and consisting of thirty bonds of $1,000.00 •acb,.nun red from 4469 to 4498, inclusive, pursuant to the election held;April 25, 1922, for the purpose of *rooting an inoinorstor building for. that. Oi. of Miami, as provided in Ordinance #76, approved February 21,,192g. Seotion 10. That $20,000 negotiable coupon bonds of the 0i,ty. of Miami be issued, dated July 1, 1922, and bearing interest not seed- ing six per oentum per annum, the exaot rate of interest to be .fisQkby the Oity Commission of the City of Miami after the receipt of the bide, therefor, and ooneieting of twenty bonds of $1,000.00 each, numbered - from 4524 to 4543, inclusive, pursuant to the election held April 25 1922, for the purpose of erecting a garbage disposal plant and truokS and equipment for such garbage disposal, as provided in Ordinance #76, approved February 21, 1922. Section 11. That $100,000 negotiable coupon bonds of the City of Miami be issued, dated July 1, 1922, and bearing interest not exceed- ing six per centum per annum, the exact rate of interest to be fixed by the City Commission of the City of Mia:::i after the receipt of the bide therefor, and c';nsistirg of one hundred bonds of 41,000.00 each, number- ed from 4674 to 4773, inclusive, pursuant to the election held April 25, 1922, for the purpose of erecting buildings and purchase of machinery for the operation c.f sewa,.e disposal, as provided in Ordinance #76, ap- proved February 21, 1922. Section 12. That y200,000 negotiable coupon bonds of the Oity of Liami be issued, dated July 1, 1922, and bearing interest not oxoeed- ing six per centum per annum, the exact rate of interest to be fixed by the Ci-.y Commission of the City of I.iiarni after the receipt of the bids therefor, and cc,ncist_.nj of two hundred bonds of 41,000.00 each,. number- ed from 4774 to 4973, inclusive, pursuant to the eleetjon held April 25, 1922, for the purpose of the construction of sewers, as provided in Or- dinance T7G, approved Febru:.�r;; 21, .1922. Section 13. That 0.00,000 negotiable coupon bonds of the City of M1t.ni be i::sued, dated July 1, 1922,and bearing interest not exceed- ing six per centu per annun:, the exact rate of interest to be fixed by the City Commission of the City of Miami afte.:. the receipt of the bids "SCf15136rNfensisting of one hundred bonds of 41,000.00 each, number- DOCUMENTS 5073, inclusive, pursuant to the election held April 25, FOLLOW" -3- 1022, for the purpose of irsotion and ooartruntio the 'Limit diver at S. W. 2nd Alieftie (0 ,d; 4tostue Ordinance #76, approved lebvunry 21, 19 .• Section 14. ill said bonds shall be ASsigtnttAio provament bonds and shal]. mite the . pu. posit, of. issue as paying of certain permanent munioipal improvement as set forth .Onj•the of this bond. Seation 15. .All said bonds shall be nurnbersd,00nssoouti?i from 4399 to 5098 in order of maturities, lowout first,. and the lows available numbers of the proper maturities obeli be allocated to the twelve several purposes in the following order: 1. Street Department 2. Harbor Incinerator Fire Department Garbage Disposal Municipal Building Hospital Comfort Stations Sewage Disposal Sewers Bridge Park and on the reverse of each bond there shall be printed. a statement of such allocation of the entire $700,000 bonds showing amounts,and numbers of bonds issued for each of such twelve purposes.. Section 16. That an annual, general tax shall be levied suf- ficient to pay t;.e principal and interest thereof. Seotion 17. That the Director of Finance is authorized to advertise for sealed bids for said bonds to be received until nine o' clock a. rn. , I::ay 23rd, 1922. Section 18. That this resolution shall go into immediate faros and effect upon its passage and adoption. PASSED AIiD A O T. D this 2nd day of Lay, A. D. 1942. ATTEST: 4 • t., tt• y�t.•teflt.A.