HomeMy WebLinkAboutNO RES # (4) The followln6 ~esolution was introduced ~l Councilman
Oh~rles w.~embler ____ ~ who moved i~s ~dogtion~
WHEREAS, the City Council of ~he City of Sebas$~,
?lorida did on the 2nd day .of E~, 1950, adopt ordin~ce No..122
providing for the issu~oe of $188,000.00 in Refundln~ Bonds
be ~ted .~anuary !~. 19~O; .~d
'~HE~EAS, it is provided by Section 10 of said ordinance
that ~aid Refunding B~ds shall, after vali~tion and execution,
be deposited with a bank or tr~st comply to be designated by
the City Council for the p~pose of exchang~ for a prier Imbue of
19~9 Refunding Bond~, ~d
~EREAS, Gua~ant~ Trust Company of New York, ~ be~n
acting on behalf of the city of Sebasti~ as its exchange a~ent
under the terms of said ordinance;
New therefore be it remolved by the City Co~cil of the
City of Sebasti~, Florida t~t Guaranty Trust O~2. of .New York~..
a b~kIng corporation of the State of New York, be ~d it ia he~-
by designated by t~ City Council of the City of Sebasti~, Florida.
as the exchange agent fd~ said City on the exch~ge of its 1950 issue
of Ref~ding [~onda, for its 1939 issue of Ref~ding Bonds and all
matters incident to and co~ected therewith.
Be it ~urther resolved that all acts an~ transactions d~e
by said Guaranty Trust C~pany of New York, In co~ection with the
ex.change of ~efunding Bonds of said City, piror to the adoption
of this resolution, be, and the s~e are hereby, ratified and confi~
in all r~spects whatsoever. _~ .~
~e foregoing resolution was duly seconded by Councilm~
Adolf ~llingsen ~ and upon being put to a vote was
unanSmously adopted.
~TA"fq~ 0!~ MLO,gIDA
OOUWT~ OP INDIAN ]~ ....... ' ........................ ~ ....
I, E. C. ?stetson, do hereby certify that i am the duly
cualified and acting City Clerk of the City of Sebastian, Florida
and that the within and foregoing is a true and corrsct copy of
the resolution adopted by the City Co~cil of said City-at a
regular meeting of said Council held at the City Hall In said City
on the 10th~.dey of ~uly, 1950, as the same appea?a of
in the minutes of said meeting on file in my office.
IN WITNESS
TM
~ v~}.~R~0F, I have hereunto set my
affixed the ae~ of said City this 10th day of July, 1950.
As City Clerk,
Fl. orida~
the City o~f.. Sebastian