62-PPRESOLUTION NO. 62- PP
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
BOYNTON BEACH, FLORIDA, AUTHORIZING SALE OF
$20, 000.00 MUNICIPAL SWIMMING POOL BONDS,
SERIES E, DATED SEPTEMBER 1, 1960.
WHEREAS, the CITY OF BOYNTON BEACH, FLORIDA,
has heretofore authorized the issuance of $120, 000.00 in general obligation
bonds of said City for the purpose of financing the cost of construction of
a municipal swimming pool, and for other purposes necessary or appurten-
ant thereto; and
WHEREAS, said bonds have heretofore been validated by the
Circuit Court of the Fifteenth Judicial Circuit in and for Palm Beach County,
Florida, by decree dated April 12, 1961; and
WHEREAS, the City has heretofore sold $100, 000.00 worth of
subject bonds to F. S. SMITHERS & CO.; and
WHEREAS, after final tabulation of the cost of construction
and other necessary expenses connected with subject project, it is apparent
that said costs exceeded the $100, 000. 00 figure realized from the prior sale
of subject bonds and that it will now be necessary to sell the additional
$20, 000.00 of said total authorized issue to reimburse general funds of the
City expended in connection with this project; and
WHEREAS, in connection with the sale of subject bonds it is
deemed to the best interest of the City that same be sold on a competitive
bid basis and in connection therewith that notice of said sale and competitive
bidding be advertised;
NOW, THEREFORE, be it resolved by the City Council of the
CITY OF BOYNTON BEACH, FLORIDA.
A. D. 1962.
1. That J. B. HENDERSON, City Administrator, is
hereby instructed to publish notice of the sale of the above
referred to bonds in the Boynton Beach News once a week
for two conseculive weeks prior to the date fixed for the
receipt of bids. The final date and time for the submission
of bids for said sale is hereby set for ~.'o o o'clock
~. M. (E.S.T.) on the l~a~-~ day of ::F0~_x/ , A.D. 1962.
2. The City Administrator is further authorized to arrange
for the printing of the tweniy additional bonds which are
lhe subjecl of the above sale.
PASSED and ADOPTED this
~--~ day of :~J~c/l_x/
(CORPORA TE SEAL)
City Clerk
CITY OF BOYNTON B_EACH, FLORIDA
,- : : ~ce Mayor
- i~ ~ Councilman
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