07-23-58ARESOLUTION
AUTHORIZING THE CALLING OF SEVENTY-EIGHT
CITY OF BOYNTON BEACH 2%-~% REFUNDING BONDS,
DATED OCTOBER l, 19~6, AND DUE OCTOBER l, 1971.
WHEREAS, the City of Boynton Beach has built up
a surplus of $78,000.00 in funds designated solely for
the payment of bond interest and reduction of City
bonded indebtedness, and
WHEREAS, there were no sealed bids received on
June 2nd, 1958, in response to the advertisement
placed in the Daily Bond Buyer in May 1958, and
WHEREAS, the bond Resolution of April llth, 19~7,
stipulates that "If at any time there is $5000.00 or
more in the Refunding Bond Interest ~nd Sinking Fund
Account over and above the amount of the next interest
requirement, the said fund shall be used by the City,
after giving reasonable public notice of its intention,
for the purpose of purchasing bonds,", and
Whereas, it is further stipulated in the Bond
Resolution of April llth, 19~7, that "notice thereof
shall be filed at the place of payment of principal
and interest of said bonds at least thirty days prior
to the date of redemption and shall be published once
not less than thirty nor more than sixty days before
such redemption date in a newspaper having a general
circulation in the City of Boynton Beach, Florida, and
once in a financial journal published in the City of
New York, New York."
NOW THEREFORE, be it resolved that such notice
shall be given to the Chase National Bank of New York
on or before September 1st, 1958 and that a notice
of the redemption of bonds in the amount of $78,000.00
shall be published:in the Boynton Beach News, Boynton
Beach, Florida and in The Daily Bond Buyer in New York
New York. '
PASSED AND ADOPTED this twenty-second day of July,
1958, A. D. at a regular meeting of the City Council.
V%C6,Mayor
Councilman
Councilman
Attest: