1941-02 Funds needed for street repairsCouncilman Raifsnidor presented the lollowinS Rocolution and moved its
adoption and upon being socondod by Councilman McMullen was put to a vote Vnd
unanimously adoptod:
R E S 0 L U 1 0 N
WHEREAS, tho City Council is in immodiato njad of funis for the paxposo of
ropairing stroots in the City of Okcowhoboo, and
WHEREAS) the count Commission= of jksoonoboo County, Florida, have agrood
DY letter dutud April 16, 111, to adopt a Hosolution at their regular mooting in Juao
or at an adjournod regular mootino in One) 1)41, assiSning the sum of Fifteen Hundred
(41500-00) Dollars from raco track funds to bo rocoivod by said Board of County Comm-
issioners during the racing season of !941-42) and
WHEREAS, the Oitizens Bank of Stuart, Stuart, Florida, has agreed to loan
the sum of 41,500.00 to said City in order that the streets can be Zopaired immediately,
AOW, TEIRIFIRI, BE IT RESQUED that tho Prooidont of the City council and
the City Clerk be) "ad they are, hereby authorized and instructed to execute a note in
such form us may bo required by said citizens BunK of Stuart, for the principal sum of
41,500-00 payublo onj your from date with interost at the rato of 51 Per annum, from
dato until paid.
BE IT FURTHUR RASULVID that copy of this Rosolutioa, together with letter
from the Board of County Qommissionors, be delivered to said litizons Bank of Stuart
at the time said note is delivered.
PASSED vnd ADOPTED this 7th day of April, A. D. 1941.
CITY OF OKK0403ZE,-FLORIDA
BY_ w. a. page
Propidont, City council
ATTEST: Alma Shorman
City Clark