HomeMy WebLinkAboutResolution No. 1966-60_B .::... MICROFILM 0'
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4-10-80
RESOLUTION No . 66-60-B
WHEREAS, the City of Cape Canaveral, Florida has heretofore, by
Resolution No. 66-60 adopted on October 4, 1966, authorized the issuance
of $250,000 Sanitary Sewer Revenue Certificates, Series B of such City dated
February 1, 1965, or any lesser included amount, and
WHEREAS, the St. Paul Fire & Marine Insurance Company, St. Paul, Minnesota
has offered to purchase such certificates at a price:. of $109,201.40 plus
accrued interest, bearing interest at the rate of 5.3per-centum (5.3%)
per annum; and
WHEREAS, the City has determined that it is in the best interest
of the City that such certificates be sold at private sale on January 10, 1967
to such St. Paul Fire & Marine Insurance Company, St. Paul, Minnesota
at the price and on the terms as above stated.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CAPE
I
CANAVERAL, FLORIDA, that: r - ;
SECTION 1. $110,000 of the. $250,000 Sanitary Sewer Revenue Certificates,
Series B of the City, dated February 1, 1965, be and the same are sold at
private sale on January 10, 1967 to the St. Paul Fire .& Marine Insurance
Company, St. Paul, Minnesota, at the price of $109, 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 thereon shaZZ be
payable at the First National Bank at Cape Canaveral.
SECTION 3. This. Resolution shall take effect immediately upon its
adoption.
ADOPTED by the City Council,of the City of Cape Canaveral, Florida,
on the 10th day of January, 1967.
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