68-KRESOLUTION NO. 68 - 1<~ ......
WHEREAS, certain legislation recently enacted by the United States
Congress, pertaining to taxation of industrial development bonds is considered
to generally endanger the continued exemption of municipal bond interest
from taxation by Federal authorities, and
WHEREAS, it is deemed necessary and essential by the City Council
of the City of Boynton Beach, Florida, that opposition to such loss of
exemption be expressed, and
WHEREAS, certain corrective legislation with regard to this matter
has been introduced by Congressman Wilbur D. Mills,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF BOYNTON BEACH, FLORIDA, That the City of Boynton Beach
Florida, hereby expresses its support of H. R. 18371 and companion Bill S.
3782, presently under consideration by the United States House of Represent-
atives and the United States Senate, respectively, and reasserts its support
of the premise that municipal bond interest should continue to be exempt from
taxation by Federal or other Governmental authorities;
BE IT FURTHER RESOLVED that copies of this Resolution be
furnished to United States Congressman Wilbur D. J~ills, United States
Senator Russell Long and all United States Congressmen and United States
Senators representing the State of Florida, and to Claude R. Kirk, Jr.,
Governor of the State of Florida.
PASSED AND ADOPTED this 19th day of August, A.D. 1968.
ATTEST:
City Clerk
SEA L
CITY OF BOYNTON BEACH, FLORIDi
Mayo.~
" 7'~o%nc~n
'~ouncilman ~
C o unc ilm an