HomeMy WebLinkAboutResolution No. 1966-60-BRESOLUTION No. 66 -60 -B
WHEREAS, the City of Cape Canaveral, Florida has heretofore, by
Resolution No. 66 -60 adopted on October 4, 1066, authorised the issuance
of $250,000 Sanitary Sower Revenue Certificates, Series B of ouch City dated
February 1, 1965, or any Zenner included amount, and
WHEREAS, the St. Paul Fire 6 Marine Insurance Company, St, Paulo 14innesota
has offered to purchase ouch certificates at a price of v" ^109,201.40 plus
accrued interest, bearing, interest at the rate of 5.3por centum (5,35)
par annum) and
WHEREAS, the City has determined that it in in the best interant
of the City that such certificates be cold at nrivate sale on Ja uaru 10, 1967
to ouch St. Foul Fire S Afarina Insurance Company, St. Paul, Vinnesota
at the price awl on the terms as above stated.
NON T"EREF0.4E BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CAPE
CANAVERAL, FLORMI, that:
SECTION 1. ,$210,000 of the :'1.50,000 Sanitary Sewer Revenue Certificates,
Series B of the Ci hr, dated. February 1, 1905, be and the came are sold at
private sale on January 10, 1967 to the St. Faul Fire .'farina Insurance
Company, St. Paul, Minnesota, at the price of 0109,201.40 and accrued interest,
bearing interest at the rate of 5.30 per centum (5,30%) per annum.
SECTION 2. Such certificates and the interest thoraon shall be
payable at the First Haticnal Bank at Cape Canaveral,
SECTIOtJ 3. Tiris Resolution shall take effect immediately upon its
adoption.
ADOPTED by the City Council of the City of Cape Canaveral, Florida,
on the 20th day of January, 1967.
Ffayor �
ATTEST:
City C er
Approved as to form:
Cit, At may /,�j