1989-08 Lease EquipmentRESOLUTION #89-8
RESOLUTION TO LEASE EQUIPMENT
Certified Copy of Resolutions and Certificate Pursuant Thereto
Name of City City of Okeechobee
• Address: 55 S.E. Third Avenue, Okeechobee, F1. 34974
Chartered under the law of the State of Florida
I, the undersigned, hereby certify that I am the Clerk of the
above named City (hereinafter called "this City"); that the
following is a true copy of resolutions duly adopted by the City
Council of this City at a meeting duly held on the 25th day of
September, 1989, at which a quorum was present and acting
throughout, and that such resolutions have not been rescinded
or modified and are now of full force and effect:
RESOLVED, that this City enter into an Equipment Lease with The
Citizens and Southern National Bank (hereinafter called
"Lessor") and that this City lease equipment from Lessor
pursuant to the terms of such Equipment Lease; and that Oakland
Chapman be and hereby is authorized and directed in the name and
on behalf of this City to execute an Equipment Lease with Lessor
in substantially the forms presented to this meeting with such
changes therein and additions thereto as shall be approved by
the officer who executes the same, with such execution to be
conclusive evidence that each such document so executed has been
authorized and approved by this vote.
FURTHER RESOLVED, that the Equipment Lease be designated
"Qualified Tax - Exempt Obligations" within the meaning of S
265 (b) of the Internal Revenue Code of 1986.
FURTHER RESOLVED, that the Mayor of this City be and each of
them hereby is authorized to execute and deliver such other
instruments and take such other actions as he shall deem
necessary and desirable for the purpose of carrying out the
foregoing votes.
FURTHER RESOLVED, that the foregoing resolutions shall remain
in full force and effect until written notice of their amendment
or rescission shall have been received by Lessor and that
receipt of such notice shall not affect any action taken by
Lessor prior thereto; and
FURTHER RESOLVED, that the Clerk of this City be and (s)he
hereby is authorized and directed to certify to said Lessor the
foregoing resolutions and that the provisions thereof are .in
conformity with the charter of this City.
I further certify that there is no provision in the charter of
this City limiting the power of the City Council to pass the
foregoing resolutions and that the same are in conformity with
the provisions of said charter.
I further certify that the following are the names and official
signatures of those persons authorized to act by the foregoing
resolutions.
IN WITNESS WHEREOF, I have hereunto subscribed my name and
affixed the seal of this City, this 25th day of September, 1989.
l cGv�
Oakland R. Chapm , ayor
ATTEST:
Bonnie S. Thomas, City Clerk
(SEAL)