HomeMy WebLinkAboutResolution No. 1965-67 •
, 0 1C)
MICROFILMED __•..�
4.10.80
RESOLUTION NO.
m.
A RESOLUTION AUTHORIZING THE BORROWING
OF MONEY BY THE`CITY OF CAPE CANAVERAL,
FLORIDA FROM THE CHEMICAL BANK NEW YORK
TRUST COMPANY; DESIGNATING CITY OFFICIALS
AUTHORTZED TO SIGN NOTES AND PLEDGE U. S.
TREASURY BILLS AS SECURITY AGAINST THE
LOAN; PROVIDING AN EFFECTIVE DATE. "
WHEREAS. the City of Cape Canaveral, Florida has
previously invested approximately $750,000.00 in U. S. Trea-
sury bills due March 31, 1966, the said money being a portion
of the proceeds from the sale of the City's Sanitary Sewer
Revenue Certificates, and
WHEREAS it is the intent of the City during the
construction phase of the Sanitary Sewer construction project
to borrow against the said treasury bills,
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF CAPE CANAVERAL, FLORIDA, AS FOLLOWS:
SECTION 1. The City of Cape Canaveral, Florida is
hereby authorized to borrow from time to time from the Chemical
Bank New York Trust Company, 20 Pine Street, New York, New York,
such money as necessary for the construction of the City's
Sanitary Sewer System Project.
SECTION 2. The City of Cape Canaveral hereby authori-
zes the pledging of its U. S. Treasury bills in the approximate
amount of $750,000.00 due March 31, 1966 as security against the
loan or loans.
SECTION 3. The Mayor, Richard R. Thurm and City Treasurer,
Anita J. Ostrom, are hereby authorized and directed to execute the said
notes and bind the City as to the said pledging of its U. S. Treasury
bills.
SECTION 4. Such note or notes shall bear interest not
in excess of three percent (3%) per annum and shall mature on or
before March 31, 1966.
fA
. _,,.� MICROFILMED O
4.10-80
SECTION 5. This Resolution shall become effective
immediately upon itsadoption and approvalby the City Council
of the City of Cape Canaveral, Florida.
ADOPTED by the City Council of the City of Cape
Canaveral, Florida, this L'70"-day of August 1965.a , Oa 1110101.11:1�QF Mayor
,k y 1-r oo
i1:0401 'A:`;51'" ► '
'" App oy as'fo Form:
a'aig///711 ,/
City Attorney
CERTIFICATE
I, Donna J. Anderson, City Clerk of the City of Cape Canaveral, Florida,
hereby certify that the above is a true and correct copy of a Resolution
as finally passed on the /7, day of August, 1965, at a Meeting of the
City Council of the City of Cape Canaveral, Florida, and recorded in
Resolution Book _I-- , page . I further certify that Richard R.
Thurm and Anita J. Ostrom are respectively and duly authorized Mayor and
City Treasurer of the City of Cape Canaveral, Florida. I further certify
that Richard R. Thurm, Jack Hurch, Frances Ann Jamieson, Frank M. Hoog,
and Martin F. Schrider are the authorized and duly elected Councilmen
of the City of Cape Canaveral, Florida, and that the above Resolution was
favorably passed unanimously by the said Councilmen.
Donna J. Ander on, City Clerk
CERTIFICATE
I, T. David Burns, City Attorney of the City of Cape Canaveral, Florida,
hereby certify that the individuals mentioned in the above Resolution
are authorized to sign notes for borrowings from the Chemical Bank New
York Trust Company and are so authorized under the terms and conditions
set forth in the said Resolution. I further certify that such borrowings
and the authorization appertaining' thereto are not in conflict with the
Constitution or Laws of the State of Florida, nor the Charter or Ordin—
ances of the City of Cape Canaveral, Florida.
T. D v a s, City Attorney�����