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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-