HomeMy WebLinkAboutR-00940RESOLUTION . NO. 9406,
A RESOLUTION OREATING 111PROVEMINT
FUND NO. 19.
"SUPPORTIVE
DOCUMENTS
FOLLOW"
BE IT RBSOLVSD by the Commission of the City of Miami:
Seotion 1. That there be and hereby is created a special
fund of the City of Miami to be known as "Improvement Fund No.
19", as authorized by an amendment to the charter of 1921,
Which amendment was enacted by the Legislature of 1923 and ra-
tified by a vote of electors on July 17, 1923, into which fund
shall be placed all collections of special assessments that may
hereafter be made under Section 56 of the charter, except spe-
cial assessments that may hereafter be made for improvements
for which bonds of the City of Miami have been heretofore con-
tracted to be sold.
Section 2. That the fund hereby created is hereby pledg-
ed to and shall be used solely for the payment c:f principal
and interest of all bonds that on this day or hereafter may be
contracted to be sold under Section 56 of the charter for the
construction of any improvement or improvements for which the
special assessments so to be placed in said fund shall be made,
until all of such bonds and interest shall have been fully paid.
Section 3. That Improvement Fund Tlo. 18 shall continue to
be maintained, in accordance with the terms of Resolution No.
1369, adopted July 28, 1919, and all other funds heretofore
created and pledged to the pa;,rment of the principal and interest
of bonds heretofore issued shall also continue to be rna;.ntained,
in accordance with the terms of the several resolutions creat-
ing such funds, for the rrotection and security of the improve-
ment bonds heretofore issued and secured by said funds respec-
tively, and the interest on such bonds, Llnd there shall continue
to be paid into the said several funds all special assessments
which said resolutions directed to be paid into the said funds
respectively, until all the bonds : nd interest so secured shall
have been fully paid, and no part of any such assess::ients,
"DOCUMENT INDEX
ITEM NO. I I "
etofore ��iil243tV . ;� yi 'b te*f a LY t
pet into" 1m rovemerit P_und Ito. ;19 ;Create
end ho part of =eaid 3 m ird+ am ttt'.
payment of alit' bandit Totted or dentraeted 4o bey> io on
to the passage of this resolution, . or the interest thereon', tint
till of the bonds and interest to which said improvementO'und
19 is pledged by Section 2 of this resolution shall have been
paid.
Section 4. lhat this resolution shall be in force arid:°eiffeio'
on and after its passage and approval.
PASSED AND ADOPI,ED this 21st day of August,
MAYO
ATTEST: