1925-05 Awarding Municipal Imp. Bondsed to a third. reading; read a third time and passed in open session of the City
Council this 20th day of April, A. D. 1925.
Upon motion duly seconded and carried the 0ounoll adjourned,
Attest ---Treel t City COMOLT.
CITY CLERK'#�-
RESULUTION AWAIWM BONDS.
WHEREA81' City Of Okeechobee, rl'
orida, a municipal corporation, created and ex—
VIisting under the laws Of the State of Florida,' has in accordance with law Issued
4110iO00, Of municipal I.sprovement bonos of said City, and
WEEMS, said bonds have been advertised for sale on the 20th day of April,
At D. 1925, and
WHEREAS,' pursuant to such notice of sale the City Council of the City of Okes—
ohobse, has met to reoeivi And open bide for said bonds and
WEEMS, it appearing from inspection and examination of said bide that Bank of
Okeechobee., Okeechobee, Fla.,Js the highest and best bidder,, the amount of'its bid
being #116,,935-00 and aoftusd interest, and
WHEREAS, it appearing that said b6d is not less than 95% of their par value
and aoor'usd interest, pursuant to section 50 of'the Charter of the City of Okeecho—
bee, now therefore;
BE IT RESOLVED , by the City Oounoil of the City of Okeechobee, Florida this
20th day of April, A. D. 1925, that bonds of said City of Okeechobee of the par
value Of #110,000-00, Issue of 1925, be and the same are hereby awarded to Bapk of
Okeechobee, Okeechobee, Fla. it being the highest and best.bi'dder for the amount of
#116,935-00 with accrued interest.
Read a first time and passed to a second reading, read a second time and P&887:
ed to a third. reading; read a third time and passed in open session of the City
Council this 20th day of April, A. D. 1925.
Upon motion duly seconded and carried the 0ounoll adjourned,
Attest ---Treel t City COMOLT.
CITY CLERK'#�-