Loading...
62-LLRESOLUTION No. 62- LL WHEREAS, the CITY OF BOYNTON BEACH, FLORIDA, has heretofore caused to be validated $130, 000. 00 in municipal Civic Center Building bonds, Series 1961, and has previously sold said bonds to a bona fide purchaser for a total consideration of $130, 352.30, together with accrued interest in the amount of $37.92; and WHEREAS, it is deemed essential that the bond sale proceeds be placed in a construction trust fund for the purpose of maintaining strict accountability for the distribution thereof, in accordance with the terms and provisions of subject bond issue; NOW, THEREFORE, be it resolved by the City Council of the CITY OF BOYNTON BEACH, FLORIDA: That the City Finance Director is hereby authorized and directed a c count to establish a trust fund/with the FIRST BANK OF BOYNTON BEACH, BOYNTON BEACH, FL©RIDA, to be entitled "CITY OF BOYNTON BEACH MUNICIPAL CIVIC CENTER BUILDING TRUST FUND" and that the above gross proceeds of subject bond issue be deposited therein to be disbursed for the purposes established in the resolution authorizing construction of subject project, and to reimburse general funds previously expended in connection with said project. or in her absence, OLIVE WALLACE, City Finance That R. B. CARRIER, City Treasurer,/is hereby authorized to draw checks upon the above account, said checks to be countersigned by City Administrator, J. B. HENDERSON, or in his absence by Mayor, J. W. PIPES, or in the absence of both, by Vice Mayor, T. A. SUMMERS. PASSED AND ADOPTED this 18ih day of June, A. D. 1962. (CORPORATE SEAL) ATTEST: City Clerk CITY OF BOYNTON BEACH, FLORIDA B ' ' ~ / Mayor Vice Mayor C~nci Councilman -2-