HomeMy WebLinkAboutResolution_01-64_09/14/1964 RESOLUTION NO. 1-64
RESOLUTION AWARDING $148,000
EXCISE TAX REVENUE BONDS OF
THE VILLAGE OF TEQUESTA,
FLORIDA.
WHEREAS, the Village Council of the Village of Tequesta,
Florida, by ordinance duly enacted on the 14th day of September, 1964,
has authorized the issuance of $148,000 Excise Tax Revenue Bonds, dated
October 1, 1964; and
WHEREAS, it is necessary and desirable at this time to
sell $148,000 Excise Tax Revenue Bonds; and
WHEREAS, Thomas M. Cook & Company and Sullivan, Nelson & Goss,
Inc., propose to purchase $148,000 principal amount of said bonds at
the price of $141,425.00 plus accrued interest to the date of delivery;
and
WHEREAS, the sale of said bonds is in the best financial
interests of the Village of Tequesta and the inhabitants thereof;
now therefore
BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF
TE^UESTA, FLORIDA:
Section 1. That the following described bonds of the
Village of Tequesta, Florida, being an issue of $148,000 Excise Tax
Revenue Bonds, be, and they are hereby awarded and sold to Thomas M. Cook
and Company and Sullivan, Nelson & Goss, Inc., at the price of
$141,425.00 plus accrued interest to the date of delivery in accordance
with the terms of the contract referred to in the preambles hereof:
$14$ - Excise Tax Revenue Bonds,
dated October 1, 1964, in
the denomination of $1,000
each, numbered, bearing
interest and maturing on
October 1 of each year as
follows:
Year Amount Interest state
1966 X7,000 3 3/4%
1967 $ 1 000 3 3/4%
1968 8,000 3 3/4%
1969 $ 1 000 3 3/4%
1970 9 4.00 %
1971 9 4.00 %
1972 9,000 4.00 %
a
r
Year Amount Interest Rate
1973 $10,000 4.00
1974 10 4.00 1
1975 11,000 4 1 /4I
1976 11,000 4 1 /4%
1977 11,000 4 1/4%
1978 12,000 4 1 /4I
1979 12,000 4 1/4%
1980 13,000 4 1/40/
Section 2. That the proper officers of the Village, be,
and they are hereby authorized and directed to execute all of said
bonds when Prepared and'to deliver the §148,000 principal amount
awarded above, to the purchasers thereof without further authority
from this Council.
section 3. This resolution shall take effect immediately.
a
Mayor
ATTEST:
(SEAL)