1941-01 Street Repair Loan3:00 to 7:00 F- 9- every day except Sunday, at $1.00 polr daNy also to ou-rch-se t',j
first aid kit for use at tho -cool.
Council fn�w. � Pilifenider' prosented,,the following Resolution and moved its
adoption and upon being seconded by Councilman McMullen was put to a vote and
unanimously adopted:,
R E S 0 LIU T I O -N
WHEREAS, this Council has heretofore obtained a loan
in the amount of Fifteen Hundred (41500-00) Dollaxs f rom the
Citizens Bank of Stuart for the purpose of repairing the streets
and making other improvements in the City of Okeechobee, and
WHEREAS, this City is in immediate need of additional
funds for the purpose of repairing said streets and making other
improvements, and
WHEREAS, the County Commissioners of Okeechobee County,
Florida, have assigned the sum of Five Thousand ($5,000.00) Dollars
to the City of Okeechobee from Race Track funds to be received by
said Board of County Commissioners of Okeechobee County, Florida
during the racing season of 1941-42.
NOW� THEREFORE; -BE IT RESOLVED that the President of
the City Council and the City Clerk be, alld they are, hereby
authorized and instructed to execute a note in such form at may
be required by said Citizens Bank of Stuart, for the principal
sum of 41,500-00 payable on or before nine months from date with
Interest at the rate of % Per annum, from datu, until paid.
V lal "r rr LIT T Otr U 'W'D 0 ", (4,-� T trr n 4- 'k - 4- -P 4-1-4 - T3 1 -4- .2
AUSUI U7tjjQU
together with the ASsignMent from the Boaxd of County Commissioners
and a note in the principal sum of Fifteen Hundred (61500-00)
Dollars executed by the designated City Officials� be delivered
to the Citizens Bank of Stuart, Stuart, Florida, for the purpose
of obtaining a ioan in the amount of $1500-00
PASSED and ADOPTED this 7th day of July, A. D. 1941.
CITY OF OKEECHOBEE, FLORIDA
ATTEST: ALMA LHERMAN BY W. R. PAGE
City,01ork 'President, City Qoudci=