HomeMy WebLinkAboutResolution_02-67_02/20/1968 RESOLUTION NO. 2 -67
RESOLUTION OF THE VILLAGE COUNCIL
OF THE VILLAGE OF TEQUESTA, FLORIDA,
AWARDING $200,000 WATER REVENUE
CERTIFICATES.
WHEREAS, pursuant to notice heretofore duly published
for the sale of $200,000 Water Revenue Certificates, the follow-
ing sealed proposals have been received:
The proposal of THOMAS M. COOK & COMPANY, and SULLIVAN,
NELSON AND GOSS, INC., offering to purchase the $200,000 Water
Revenue Certificates bearing interest at the rate of five per
• centum (5 %) per annum and to pay therefor the principal amount
of $200,000 and accrued interest from January 1, 1968, plus a
premium of $100.00.
WHEREAS, the proposal of THOMAS M. COOK AND COMPANY and
SULLIVAN, NELSON AND GOSS, INC., referred to in the preambles,
is the highest and most advantageous bid for said Certificates
and in all other respects complies with said notice of sale; now
therefore,
BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA:
Section 1. That the proposal of THOMAS M. COOK AND COMPANY
and SULLIVAN, NELSON AND GOSS, INC., referred to in the preambles
hereof be and the same is hereby accepted and the following
described Certificates of the Village of Tequesta, Florida, be
and they are hereby awarded and sold to the said purchaser at
the price and in accordance with the proposal of said purchaser
referred to in the preambles hereof:
•
$200,000 - WATER REVENUE CERTIFICATES, dated July 1,
1967, numbered 1 to 200, inclusive, in the
denomination of $1,000 each, bearing inter-
est at the rate of five per centum (5 %) per
annum, payable semi - annually on July 1 and
January 1 and maturing serially on January
1 in the years and amounts as follows:
Year Amount
1970 $17
1971 18
1972 19,000
1973 20
1974 21
1975 22,000
1976 23,000
1977 24
1978 25,000
• 1979 11,000
Section 2. That the proper officers of the Village Council
be and they are hereby authorized to execute said Certificates
when prepared and deliver the same to said purchaser upon pay-
ment of the purchase price therefor without further authority
from this Village Council.
Section 3. That the Village Clerk be and he is hereby
authorized and directed to return forthwith the good faith checks
of all unsuccessful bidders.
Section 4. That this resolution shall take effect imme-
diately.
Dated this 20th day of February; —,.$., 196
V4 Mayor
ATTEST:
C er
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