Fort Walton Beach Resolution — 63-16-Authorize Advertising Bond Sale — reading text

RESOLUTION NO. 63- 16 A RESOLUTION AUTHORIZING AND DIRECTING ADVERTISING IN THE BOND BUYER FOR THE PURPOSE OF HOLDING A PUBLIC SALE OF $ 1, 150, 000. 00 OF UTILITIES REVENUE CERTIFICATES, SERIES 1963 ON MAY 21, AT 9: 00 A. M. IN THE CIVIC CENTER, CITY OF FORT WALTON BEACH, FLORIDA, PROVIDING FOR THE INCLUSION OF CERTAIN FEATURES AND PROVIDING AN EFFECTIVE DATE HEREOF. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WALTON BEACH, FLORIDA: Section 1. That the City of Fort Walton Beach shall hold a public sale of $ 1, 150, 000. 00 Utilities Revenue Certificates, Series 1963, on May 21, 1963, at 9: 00 A. M. in the City Council Room, Civic Center, City of Fort Walton Beach, Florida. Section 2. Authorizing and directing that a proper advertise- ment be inserted in the Bond Buyer, calling for the aforesaid public s al e , setting forth a description of the certificates together with call features, requiring that all bids be sealed and requiring each bidder in order to show good faith to incl ude with his bid a cashierTs or certified check in an amount equal to two percent of the principal on said bond issue which check shall be retained from the successful bidder to insure performance of the sale, and to provide that the certificates shall be payable at the office of the City Finance Director, City of Fort Walton Beach or at the First National Bank of Chicago, Chicago, Illinois, and to further permit the successful purchaser to name an additional alternate paying agent in New York, New York for payment of interest coupons and principal on the said bond issue. Section 3 · Authorizing Ira Haupt and Company to order bond certificates to be at the lowest o bt ainable price. printed Section 4. This Resolution being of an administrative nature shall take full force and effect immediately upon its passage 3 1r~: and approval by the Mayor. qJ ADOPTED: 1)\ L'-^)_ q /5 (. 3 ATTEST: 1 ~ u. O~, '''' r'!:.::';'.~ / dd lJ'{}< I~ MAYOR- I1,~~ ... . ~_ 1!~:--';:- 1?,;~:; ~ ~_~~ l L--' C~ City Clerk  Fort Walton Beach, Florida T>1ay 21st 1963 The City Council of Fort Walton Beach, met in Special public session at its regular meeting 9: 00 clock A. M. place in the City Hall in Fort Walton Beach at o' on Iv1ay 21 , 1963, with the following members present: Sam Lindsey , Mayor Fred E. Tolbert, Jr. , Councilman H. H. Carnathan Councilman Jones Councilman Ray W. Clifford H. Long Councilman Lee E. Courter Councilman S. L. Rogers Councilman T~ mes Councilman Re~ dy Absent: Also present Charles H. Evans , City Clerk, G. Walker Walter J. Smith Winston City Manager and City Attorney. The Mayor stated that the meeting was called pursuant to notice for the purpose, among other things, of opening sealed bids received for the purchase of ~ 1, 150, OOO Utilities Tax Revenue Certificates, Series 1963, of the City. The City Clerk presented an affidavit evidencing proper notice of sale of said certificates, said affi- publication of the davit that the notice of sale had been published in rrl: c indicating Daily Bond Buyer on May 14 , 1963. The affidav:Lt was approved and ordered filed with the minutes of said meeting. oJ,\,''-