192605-05-1926 Sale of BondsThe following resolution was proposed by Councilman Bass, who moved its
motion seconded by Councilman Hancock; and carried.
adepti6h;
"RESOLUTION"
W iRZAS, the City Council of the City *f',bke*ohobee, Florida., did on Dec -
HE
ember 19, 1925, pase.Ordinance No. 100, which was regularly approved'by the Mayor;and
WHEREAS,, said Ordinance provided for the issuance and sale of bonds of the
City of OkeecIdbee of the par value of $215,000-00, said sale to be made pursuant to
law; and
WHEREAS, said bonds were advertised for sale in Okeechobee News, and Man-
ufacturer's Record, the required lengtk of time; and
WHEREAS, oa the date of sale, to -wit: March 22, A. D. 1926, no bids were
received; and
WHEREAS,, the Council of the City of Okeechobee, Florida., adourned said
meeting of March 22nd to meet again May 22, A. D. 1926, to receive and consider bids
for the sale of said bonds_;__ and
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WHEREAS,'Bank of Okeechobee and Peoples Bank of Okeechobee, both banking
corporations under the laws of the State of Florida, have offered the sum' of $204,250-0010
plus accrued interest from February lst, A. D. 1926; and
WHEREAS, said offer is the highest and best bid received, and the only
bid received for the purchase of said bonds, NOW THEREFORE;
BE IT RESOLVED by the City Council of the City of Okeechobee, Florida,that
the offer, or bid, of Bank of Okeechobee and Peoples Bank of Okeechobee Of $2o4,,250-00,
0 r 95$ of the par value of said bonds, plus accrued interest from February 1st, A. D.
1926, be and the same is hereby accepted; and
BE IT FURTAR RESOLVED that the bonds aforesaid be and theyA I re hereby
awarded to Bank of Okeechobee and FWles Bank of Okeechobee upon said banks.paying td
the City -of Okeechobee, through its City Clerk, the sum of $204,250-00, plus accrued
interest to be calculated on the date of payment.