1926-3 Awarding BondsR E S 0 L'U T 1 0 N�.
ftERUS., 'the City Council of the City of Okeechobee, Florida, did meet on May
22nd -A. D. 1926, in special adjourned meeting for the purpose of receiving and
considering bids for the purchase of City of Okeechobee Municipal Improvement
Bonds,, Issue of 19216; and
I(HEREAS, on said date the City of Okeechobee received a joint bid from Bank
of Okepabobee and Peoples Bank of Okeechobee, both banking corporations under the
laws of the State of Flot1da, for the sum of $204,250-00 plus accrued interest from
February let, A. D. 1926;,and
WHEREAS, said bid being the highest and best bid received the issue of bonds as
aforesaid was sold to said Bank of Okeechobee and Peoples Bank of Okeechobee; and
WHEREAS, said Bank of Okeechobee has been closed by orderof the State Comp—
troller making nearly half of the purchase price of said bonds frozen, 'if not lost,
to the City of Okeechobee; and
WHEREAS, Peoples Bank of Okeechobee has proposed to aocelb# the entire issug of
bonds on the terms of the original award as set out in said resolution of May 22nd;
and
WHEREAS, Bank of Okeechobee has acquiesced and consented to the proposal that
0:
Peoples Bank of Okeechobee accept the entire issue of bonds on the,terms of the origi-
nal award, and to act as sole depository of the proceeds of the sale thereof; NOW
-,�THEREFORE;
BE IT RESOLVED BY THE ";ITY COUNCIL of the City of Okeechobee, Florida, that
.-,.Peoples Bank of Okeechobee be re -awarded the entire issue of City of Okeechobee
Municipal Improvement Bonds, Issue of 1926, of the par value of $215,000.00, under the
terms of the award on May 22nd aforesaid, to Bank of Okeechobee and Peoples Bank of
-'.0keechobee.
AND BE IT FURTHER RESOLVED that all moneys received frolm the sale of said bonds'
V
be deposited in Peoples Bank of Okeechobee, to -wit, the sum of $2o4,,250-00 PIUS7
accrued interest from Tebruary let, A. D. 1926.