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RESOLUTION NO. 8743
A AZSOLUTION AUTHORIZING ,550,000.00
17.11TICIPAI II,T.R0rEITEITT BONDS.
"37 IT :=_;01:71) HD C017:ISSIOH OF THE CITY OF rIALI:
c-on 1. That pursuant to the vote of electors duly qualified
taThen at election hela 'February 10, 1926, pursuant to Ordinance
:70. 579 ana lesolution 7o. 2412, necotiable coupon bonds
of the City ofT1c.ri hall be isued under date of ;:arch 1, 1926, bear
in.E interest c.t a rate to be hereafter deterilined after receipt of
bids for said bonds, but not exceedinL per centun per annum, which
interest shall be payable semi-annually on the first days of March and
September, in each :Tear, and both principal and interest shall be pay-
able in o1c1 coin of the United States of the present standard of weight
ana :.:'ineness at the United States ::ortgace & Trust Company in New York
City, and .6hat the princi-Gal of said bonashall be payable on the first
day of :rch of the years ::ereinafter stated.
:ecticri 2. 1i the sai6. bonds shall comprise twelve distinct
els1:es, each class distinguished from the remaining classes by the
mulers assigl-led thereto, L,J: hereinafter in this resolution provided,
and the .omit, maturit:i(,s and purpose of issuance of each class shall
be as follows:
IT
7or purcilasing :'ire alarm equipment :-.1.45,000.00, bonds
annut:.11y, :5,000 1929 to 191, inclusive; .:10,
000.00, 192 tc 1953, inclusive; b.nd :15,000.00, 1936 to
1941, inc,luive.
co:Izt-uctinc aewL:e ai2y:ocal wor7Lc or pint, 200,
.51(.00.00, 1929 to 1901,
in(.1111.-:re; 19;:2, to 1955 :;20,000.00
ii 79Lr,, 197 to 1941, Laclusive.
a:arl eGuiyAt of the 2tr:et
22ilwa7s L;;:st..;m, bona , uaturinL: anqr:Lily
19(.,' to 19:..1, ;100000.00, 19:32 to
20,000.00 in 1956; :;25,000.00, 1937 to
1941, i,re; ani ..c30,000.00, 1942 to 1946, inclusive.
incra'6o1s arlJae aYla -6rash
necesEalv lana or the Lame,
50rcs00, 1029 to
19...,2 to 1954, inclusive;
".035; 1053 to 1945, inc-lusive;
co :5C,0i0•00)
5,C±C.00, 19 0-Lc)1900 i:teluziive.
IL • ...CC ly 1L,C0 ,€,C)
-
e, .v.;' •
-Y-
19r. -60 191..:10
.CC, 19.15 to 95. f,-1(2.1Y.:170;
19..•6 to 19/J-C1, ir5i. ive;
19-:1 to 19,7),
' INDEX
For erecting and equipping a building for the storage
repair an& maintenance of municipal vehicles, equip-
ment and supplies, 1;100,000.00, bonds maturing annually
5,000.00, 1936 to 1955, inclusive.
For constructing an addition to the City Hospital and
purchasing equipment therefor, :150,000.00 bonds, matur-
ing annually :10,000.00, 1942 to 1956, inclusive.
For extending the City's water system by laying additional
pipe lines, constfucting a new filter plant or making
an addition to the present filter plant, constructing
new storage tanks, installing pumps, drilling additions1
wells and acouiring land for the same, )600,000.00 bonds,
maturing annually, J10,0OO.O0 1942 to 1946, inclusive;
and. 55,000000, 1947 to 1956, inclusive.
For purchasing and inscalling pumps and additional equip-
ment for the high pressure water system, :7)375,000.00,
bonds, maturing annually, ,10,000.00, 1942 to 1946, in -
elusive; 45,000.00 in 1947; ;j:30,000.00, 1948 to 1950,
inclusive; and ,35,000.00, 1951 to 1956, inclusive.
Section 3. That all the bonds herein authorized shall be in\ethe
denomination of 1,000 and shall be designated nMunicipal Improvement
Bonds?' and shall be signed by the Ilyor and City Clerk, attested by
the City Danoiger c.ncl sealed with the City seal, and the interest
coupons thereto attached shall be sines with the facsimile signature
of said City Clerk, and all of said bonds shall be alike in form,ex-
cept as to dates of maturities and numbers; and that the form of said
londs, coupons and rer:istration enaorement to be printed upon each
bond, v.hich rezistration endorsement will state the privileges as to
the reistration of said bonds as to principal, shall be subseantially
ac forme:
Ho.
,11000. trITED SILT. OF A2E:ICA
STATE OF FLORIDA
CO717TY OF DAD
IT:T :up
IL ED U:DER LEcTior 58, CITY CHARTER
The City of ii, in the County of Dal.e Lnd :1;ta-e of ln.oriaa, is
jurtly indebted_ and for value received hereby promises to nay to the
bearer, or if r,,,isterecl, to the re-istered owner hereof, on the
-GI t-)71
;.:i of he
Cal i="al.:ZD DOLLLRS
uith t!i,:reon at the _ate of per oantum per annum, payahle
:.ays• of „arch ... .. ei e in eac year,
lion the ,resell.;,Lto zirt _:.rder of the aEne::ed interst coul)ons
az they :_evcr::,11y (;(-;o:ne due. :oth princ1 and interes-, of This
,rL'1 ±i 1 ori1 of "..,tate:. of t:le preLent
staai'd o' ht L-1C fineH 2 at th. I-J1f_tod :1.7ates l:ortcane (' 7201f
the Ci;,: c: L'or he propt pnt hereof,
both p2'ici2a1 and aL the alie 1L fall due, the -.f"all
fith, (reLit and r(;201i.CC.2 cf Lid. :;ity Lre hereby irrevocably pleLYed#
n_fiz -,n.1 i oi cf a s,.ries f.E.uf:E IT said City fob the p,2r-
0se of of (-,rtain ilroveocht
hf.es.led on t-is the aut-ority of L.:J1
:C)i.L.. e 1t:t r'hLrter, and ha: been
VO-L, of L.r1t of the electors of :Li: rlity
To -ote
77 ceriee. a.1L ecitions
rj t or to ,c to L in the
Ttis 22.1L chLrer L:nLihelLusa:. Litor
of _'10r1_3., h.ve .._rfoJeti; that
./.1_t; for the Lofl collectio:1 of a direct anhlua
LI1 witLL1 to Day the
o o i. csaLe shal7 beer,!:Le
th ;.c.tLa ofLt 1CUifl, this L.ond
3
does not exceed any constitutional orstatutory limitation thereon.
This bondmay be registered as to principal in accordance with
the provisions endorsed hereon.
ITT WIT:ESL' MEREOF, said City of Miami has caused this bondto
be signed by its ;:ayor and Clerk, attested by its City Manager, and
sealed with its seal, end the interest coupons hereto attached to
be signed with the facsimile signature of'ite Clerk, all ae of the
first day of A.D. 1926.
ATTEST:
rr
City 3,:anager.
COUPON.
Mayor
Cify Clerk
On 1, 19 ,
The City of A.ami, FlorinT for value received will pay to
bearer at the United. States Mortgage (::: Trust Company, in New York
City, the sum of Dollars in gold, as provide& in and
for the semi-annual interest then due upon its MUnicipal Improvement
Bond, dated. 1, 1926.
I
City Clerk
EITDORSEI:=TS UTOIT 7,01TDS.
7aliaated and confirmed by decree of the Circuit Court for the
Eleventh Juicial Circuit of the tate of Florida in and for Dade
County, rendered arch 24th, 1926.
Clerk o1 :.aid Circuit Court
This 'eond Aay be reistered a2 to 2ri11ci,oal in the register of
the 'it y of :iamis notation of such reistry to be made liereon by the
Director of Yina.ice of sE,id or a bank. or trust company apDointed
by the Git:r Commission az Tend :-.ecistrar or :ransf._r Lr-ent, and may
t:Iereafter be trans:erred on such register by the reListered owner in
person, or Ly attorney, -2resentation to the Recitrar, accompanied
by Lelivery of a written instruent of trana er, in a l'orm aroved
by the 7ecictrar cnd executed by the rer.istered oner. .11ch trancfer
to bearer aft,_:r CIL11 be libject to auccesive
ter'istrationsi iie -22-incipal of thic
if '(;:itc;recl, Ehall o:lj to the re-istered o.mer or iis
le7a1 rpresentL,tive. ot c ictr,.tion of thiF1 bond
the co11.2or7., to 1:e-.222 co:ntinue to be
tl,m7,f.:.-ab7e (el7.
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twelve classes of bonds; and a copy of suoh statement and. Oohed -
shall be recorded in the bond record of the City. '
Section 5. That an annual General tax shall be levied sufficient
to pay the principal and interest of all of said bonds.
Section 66 That the Director of Finance is hereby authorized to_
call for sealed bids for said bonds by publishing in the Maud Herald,
published in Miami and in the Daily Bond Buyer, published in New York
City, as early as practicable, a notioe in substantially the folltnt..
in<c• form:
3,550.000
CITY OF 1:1ALas FLORIDA
1.71177ICIP.AL II2ROVEI,Er2 13 0 1D0
Sealed bids will be received by the City Commission addressed to
the undersened and marked "Proposal for 3onds" until 3:00 otolock
P,X., June 21st, 1926, for the above bonds, dated. March 1, 1926;. matur-
ing March 1, as follows:
20,000. 1929 :)160,000. 1938 460,000 1947
20,000. 1930 160,000. 1939 150,000 1948
20,000. 1931 160,000. 1940 150,000 1949
40,00. 1932 165,000. 1941 150,000 1950
40,000. 1933 165,000 1942 155,000 1951
40,000. 1934 165,000 1943 155,000 1952
45,000. 1935 165,000 1944 155,000 1953
150,000 1936 165,000 1945 155,000 1954
160,000 1937 170,000 1946 155,000 1955
155,000 1956
T_To option of prior payment. Principal and intereLt (March and.
September 1st) payable in cold at the United States 17ortgage a Trnet
Company. in 17cv 7or3z; denomination c1,000; registrable as to principal
..-cneral city obligations; unlimited advalorem tax levy; bonds authorized.
by vote of freeholdinE electors. Interest rate to be bid on, not ex-
ceeding 6.
Legal opinion of Chester 7. ::aselich, ESP.; certification of bonds
by 17nited States 1:.ortgare c7. ?rust Company, lTew York City.
Bids must be upon a pri.uted form which, with adcdtional in.formation
as to the City, the 'Jonas and the conditions of bidding including re-
cuier:,ent for certified check of ';;71,000.00, will be furnished by said.
Trust Company or the undersicncd.
The right to reject any and all bids is reserved.
C. L. :I1JDDIESTO7
Director o.L Pinance.
C.;ection Vs That the Director of Fiqr.Jace i2 hereof authorizd to
c-use a circular or procpectus to be printed and mailed as he may deem
best, containi21g such information as to the said uonLs and as to the
fiancit2.1 (,odition of the Ci-,y a:. he :lay 1e,A1 proper, and containing
also a fot-m o. v:]lich Lids for said -oonds s!lall Le su'cuitteds
_.ection Tis .2esoluion
EA=«1 LD0-21_72, t_is
in force -_,on its -)as ace.
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