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Home My WebLink AboutCC 1923-07-18 Minutes3t)ti July 18th, 1923. MINUTES OF THE MEETING OF THE BOARD OF COMMISSIONERS OF THE CITY OF MfIAMI . FLORIDL. 0n the 18th day of July, A. D. 1923, the Commission of the City of Miami, Florida, met at the City hall in Miami, Florida, at 5:00 o'clock p. m., in pursuance of an adjournment on Tuesday, July 17th, 1923, there being present the following; E. C. Romfh, J. E. Lummus, J. I. Wilson, J. H. Gilman, C. D. Leffler. SALE OF $892. 000 SERIES "0" IMPROVEMENT BONDS BY DIRECTOR OF FINANCE Mr. C. L. lluddl.eston, Director of Fineur_se, reported to the Commission that under Resolution No. 817, authorizing hire to negotiate •f"r the sale of 892,000 Series "U" Improvement Bonds without public advertisement, that he had negotiated to sell said bonds at 97 and accrued interest, amounting in all to 065,240 and accrued interest, to the joint account bid of: Season:Tood & Mayer, Cin i.nnati, Provident Sav Bk & Tr Co., Cincinnati, Caldwell E& Co., Nashville, Ey Geo. V. Richards, Agent. Prudden E; Co., Toledo, Atlantic hat Bk, Jaxonville, By F. LeMaistre, Agent. Spitzer Rorick E: Co., Toledo, By R. L. . I,;a n n , Agent. and the Director of Finance submitted the lid of said bidders with their certi- fied checks for 0.8,140.C'0. Thereupon upon motion of Mr. Lummus, seconded by Mr. Wilson, the said proposal was received and ordered filed and spread upon the min- utes: PROPOSAL FOR BONDS LIr. C. L. Fuddleston, Director of Finance, Miami, Fla. Dear Sir: Miami, Florida, 7-18-23. For ,892,000.00 five percent Improvement Bonds of the City of Miami, Florida, dated July 1st, 1923, maturing July 1st each year as follows: y121,000.00 112,000.00 113,000.00 72,000.00 89,000.00 90,000.00 103,000.00 80,000.00 112, 000.00 1925 1926 1927 1928 1929 1930 1931 1932 1933 Principal and interest (5; Jan & July 1st) payable in gold in Lew Yor:: City, denominations ,1,000.00, said bonds being issued in eor,_'irmit;; with Section 56 of Charter. of the City of Miami, Florida, we will pay the sum of ;86E,o40.00 and ascrued interest to date of deliver;; and will accept delivery at U. S. Mortgage & Trust Company in I:er: Yor: , ,,. Y. abut August 14, 1023. Prior to the delivery of said b ncls we are to be furnished with the at provin 7 o inion of Chester 3. :"acclich, of Kew York City, to - :ether v:ith the transcript o,. which he hases his approving opinion that these b nds are a full and direct ob1i7ati.2n of the City of L:iami, Florida, and that a sufficient taY may be spread on all tax- able property v ithin the Aty of :.:iomi t meet the prompt payment of principal and interest when, same becomes due. ',ie enclose herewith chec.: for v17,840.' 0 payable to the order of the Direct_; of 'inanco, w ich .;heel: is to he held pending the de- livery of the bonds, and in cars of nur failure to carry out the fore«oin • bid, i:. to be retained as and for lirtu:dated damages. In case we Mail to receive the award said ahec',: is to be returned to us immediately. :ecpectfully submitted, .,euaor.; oud & Mayer, Cincinnati, Provident 2av B.: E Tr Co., Cincinnati, Caldwell w Co., i,asi:vii.le, 3 ';ec. V. _iichards, Agent. Thersupoi a resolution fixing the rate Series "U", and .providing for the sale is ir: full as follows: Prudden & Jo., 'Toledo, Atlantic hat B::, Jaxonville, By i . LeL;aistre, Agent. Spitzer 2orich & Co.,, Toledo, By R. M. Mann, Agent. of interest upor. 092,000 Improvement Bonds thereof, was introduced by Lr. 'Wilson, and RE30_.UTIOh NO. 865. A RE50LUT'I0J; i'IXING TEE RATE OF INTEREST UPON 092,000 IMPROVEMENT BOLDS, SERIES U, AND PRO- VIDII:G FOR TEE SALE `T'i: 20 0F. BE IT RESOLVE: by the :orreLi csi on of the City of Miami: • Section 1: Mat the 002,000 Improvement Bonds, Series U, dated July 1, 19.23, authorized by a resolution adopted July 17th, 1923, shall bear interest at the rate of 5 per centum per annum. I i 11 1111,11_I 11111 I I I I I I I I I I I I I I I I l 1 I 1 I I I I I I 1 11111111111=501111111111111111111111111111111111101111111111111111111111111111111111111 II11111111111111111111 Ili 1111111111111111111111111111141111111111111 Section 2: That the joint offer of: Seasongood & Mayer, Cincinnati, Provident Say Bk & Tr Co., Cincinnati, Caldwell & Co., Nashville, By Geo. V. Richards, Agent. Prudden & Co., Toledo, Atlantic Nat Bk., Jaxonville, By F. LeMaistre, Agent. Spitzer :;oriel: & Co,, Toledo, By R. E. Mann, Agent. to pay 0866,240.00 and accrued interest for said bonds at the said rate be and is accepted. Motion by LIr. Wilson, seconded by Mr. Gilman, that the said resolution be pass- ed and adopted. 0r: roll call the vote was ae follows: AYES: Messrs. Romfh, Lummus, Wilson, Gilman, Leffler. NOES: None. li tion unanimously carried and the said resolution passed and adopted. CANVASS OP RJ TURES OF INSPECTORS AND CLERK SPECIAL ELECTION ON CHARTER AMENDMENTS The Special Election for the ratification or rejection of Charter Amendments having been held on Tuesday, July 17th, 1923, and the custodian of the ballot box used at said election having presented the same to the Commission properly sealed as requir- ed by law, thereupon the said ballot boxes were opened and the returns of the Eleo- tior. with the certificates of the Inspectors and Clerk withdrawn and the said returns canvassed. Thereupon the certificate of the Inspectors and Clerk were, on motion duly made and seconded, incorporated by the 'Clerk in these minutes and are as fol- lows: CERTIFICATE OF INSPECTORS AND CLERK Official Charter Amendment Election, A. D. 1923. City of Miami, Florida. STATE OF FLORIDA ) COUNTY OF DADE ) se. CITY OF MIAMI We, the undersigned, Inspectors and Clerk of a Special Elec- tion held in the City of Miami, Florida, in accordance with the provi- sions of Law and pursuant to Ordinance No. 172, passed and adopted May 22nd, 1923, for the ratification or against the ratification of the following question: Shall the Act to Confer Additional Powers Upon the City of Miami, a Llun'cipal Corporation of the State of aorida, and to Amend Paragraph (hh) of Sec- tion 3; to Amend Paragraph (j) of Section 3; to Amend Paragraph (b) of Section 4, and to Amend Sec- tions 15, 30, 57 and 81, of the Charter of the City of Miami, Adopted by the Electors of the City of Mi- ami at an Election held May 17, 1921, which Charter was Legalised ar:d Validated by Chapter 9024 of the Laws of 71orida, be ratified? do hereby certify: question; question; THAT 470 Ballots were cast at said election; TEAT 414 votes were cast for the ratification of the above THAT 49 votes were cast against the ratification of the above TEAT 7 votes were thrown out and not counted on account of being marked on the wrong side or otherwise defaced or spoiled. WITNESS our signatures this 17th day of July, A. D. 1923. J. D. GODL1Ail F. W. EAi1 J. STE'WART NCRV OOD Inspectors N0:LLIAL W. P:,RLEE Jle rk Thereupon, upon motion of Lir. Lununus, seconded by Lir. Wilson, it was resolved that the Commission finds and certifies that 470 ballots were cast at the Special Elec- tion; that 414 votes were cast for the ratification of the question hereinbefore recited; that 49 votes were cast against the ratification of the said question; and that 7 voted were thrown out and not counted on account of being marked on the error.:- side or otherwise defaced or spoiled. It is further certified that the said question was duly voted on and ratified by a majority of the qualified electors of the Cite Jf LLiar:.i, as required by law at the Special Election held July 17th, 1923. It was further resolved tl:ut the returns of the said inspectors and clerk, ir.cludi:::^ the Du lots, Lally sleets, oaths of office and certificate of election be replaced it the :.aid ballot bo:: and ',hat the same be kept in the possession of the Jit:, J1erk as custodian thereof. On roil call the vote vas as follows: AYES: .i,.iS:S. Leiner, Tu r:n s, '.;ilson, Gilman, 2omfl:. HOES: Lone. AUTEORI:.I1; ; ' I_,`i'I]; . 0;' 5CO JOI I :i Cis JEARTERS BY CITY ATTORNEY A res:Jution autborizino the printing of five hundred copies of the Charter of the City of L:iarni, to. -ether vwith the amendments which were ratified by the vote of the electors of the City ref :.:iahi on July 17th, 1923, was introduced by Mr. Gilman and is in full as follows: July 18 th,, ' 19a5 :. RESOLUTION NO. 866. EMMINEMBROIME1111111101111111111111111111111111111111111111111111111111111111111111i I 1111111111111IME•ilili iilm1i H ita 'n111111141 111111 A RESOLUTION AUTHORIZING THE PRINTING AND PUBLICATION OF FIVE HUNDRED COPIES OF THE CHARTER OF THE CITY OF MIAMI, TOGETHER WITH THE AMENDMENTS NTS WHICH WERE RATIFIED BY THE VOTE OF THE ELI JT'CRS OP THE CITY OP MIAMI ON JULY 17th,1923. WHEREAS, the printed charters of the City of r.Iiani have all been distributed and used, and WHEREAS, amendments to the charter were adopted by a vote of the electors of the City of Miami on July 17, 1923, and it is necessary and proper that publication should be mode of the charter with its amend- ments. NOW, '.H ?ElnRE, BE I1 RESOLVED by the Commission of the City of Miami: That the City Manager shall cause to be printed and.published five hundred ("O0) copies of the charter of the City of Miami, together with its amendments as adopted by the vote of the electors of the City of Miami on July 17, 1023, and such charter and its amendments shall be printed and published under the direction of t-.e City Attorney, who shell cause an index to be prepared for such charter and amendments. Motion by Mr. Gilman, seconded by Mr. Leffler, that the said resolution be passed and adopted. Or: roll call the vote thereon was as follows: AYES: Messrs. Rom:h, Lummus, ',lils:m, Gilman, Leffler, h0E6: .None. LIotion unanimously carried and the said resolution passed and adopted. AD J0URN11 Nd T UNTIL REGULAR MEETING At 6:15 ;. m., there being no further business to come before the Board at this meeting, on motion duly made, Ind seconded, the meeting was adjourned. *c,