11-12-58AA RESOLUTION OF ~HE C~T~ COUNCIL
OF THE CITY OF BOYNTON BEACH,
FLORIDA, AWARDING $400,000 SEWER
REVENUE BONDS.
WHEREAS, pursuant to notice heretofore duly published for the
sale of $400,000 Sewer Revenue Bonds, dated September 1, 1958, the
following sealed proposal has been received:
The proposal of N. R. FIELD, offering to pay the sum of Four
Hundred Thousand Dollars ($400,000.00), together with accrued interest
from the date of said Bonds to the date of delivery thereof, for said Bonds
bearing interest at the rate of Four per centurn (4%) per annum, maturing
in the years 1961 to 1995, inclusive.
WHEREAS, the proposal of N. R. FIELD, referred to in the
preamble hereof, is the only bid received, and said bid does in all
respects comply with said notice of sale; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
BOYNTON BEACH, AS FOLLOWS:
Section 1. That the proposal of N. R. FIELD referred to in the
preamble hereof, be and the same is hereby accepted, and the following
described Bonds of the City of Boynton Beach, Florida, be and they are
hereby awarded and sold to the said purchaser referred to in the preamble
here:
$400,000 - SEWER REVENUE BONDS, dated September 1,
1958, numbered 1 to 400, both inclusive, in the
denomination of $1,000 each, bearing interest
and maturing on September 1 in the years and
amounts as follows:
Year
Interest Rate
Amount Per Annum Year Amount
Interest Rate
Per Annum
1961
'.962
~963
1964
1965
1966
1967
1968
3,000 4 1969 $ 5,000
3,000 4 1970 5,000
3,000 4 1971 7,000
3,000 4 1972 7,000
3,000 4 1973 7,000
5,000 4 1974 7,000
5,000 4 1975 7,000
5,000 4 1976 10,000
4
4
4
4
4
4
4
4
Interest Rate
Year Amount Per Annurn Year Amount
Interest Rate
Per Annum
1977 $10,000 4 1987 $20,990 4
1978 10,000 4 1988 20,000 4
1979 10,000 4 1989 20,000 4
1980 10,000 4 1990 20,000 4
1981 15,000 4 1991 20,000 4
1982 15,000 4 1992 20,000 4
1983 15,000 4 1993 20,000 4
1984 15,000 4 1994 20,000 4
1985 15,000 4 1995 20,000 4
1986 20,000 4
Section 2. That the proper officers of the City, be, and they
are hereby authorized and directed to execute said Bonds when prepared
and to deliver same to said purchaser upon payment of the purchase price
pursuant to the conditions stated in the notice of sale, without further
authority from this Council.
UNANIMOUSLY passed and adopted at this continued regular
meeting this 12th day of November, 1958.
City Clerk
Mayor
-2-