Res 1366-61 Delray Beach, Florida
December lQ, 1961
The City Council of the City of Delray Beach, Palm
Beach County, Florida, met in regular session at the regular
meeting place of the City Council in the City Hall in the
City of Delray Beach at 8:00 o'clock P. M. on December 18,
1961, with ~yor George V. Warren and the following members
present:
Councilmen A1 C. Avery
" Glenn B. Sundy
" John A. Thayer
" Dugal G. Campbell
There were absenb: None
There were also present Rober~ D. Worthing, City
Clerk, Louis J. Smitzes, City Nanager, and John Ross Adams, City
Attorney.
The Nayor stated that the meeting was called for the
purpose, among other things, of considering a bid for the purchase
of $50,000.00 Water and Sewer Revenue Bonds of the City of
Delray Beach, Florida.
After due deliberation, it was determined that the
bid of Leedy, Wheeler & Alleman, Inc. of Orlando, Florida, should
be accepted.
Thereupon, the following resolution was introduced
in written form by the City Manager, was read in full and pursuant
to Motion made by John A. Thayer and seconded by Glenn B. Sundy,
was adopted by the following vote:
AYE: Councilman Dugal G. Campbell
Councilman John A. Thayer
Councilman Glenn B. Sundy
Mayor George V. Warren
NAY: Councilman A1C. Avery
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The resolution is as follows:
RESOLUTION NO. 136~
A RESOLUTION Confirming the sale of
~5~,000.00 Water and Sewer Revenue
Bonds of the City of Delray Beach,
Florida, and fixing the interest
rate to be borne by said bonds.
WHEREAS, a total issue of $500,000.00 bonds was
authorized by resolution adopted by the City Council of said
City on November 6, 1961, and
WHEREAS, Leedy, Wheeler & Alleman, Inc. of Orlando,
Florida has heretofore purchased $450,000.00 Water and Sewer
Revenue Bonds of this City, and has further offered to pay
$49,500.00 and accrued interest, computed from December l,
1961, for the Bonds numbered 451 to 500, to bear interest at
the rate of four (4%) per cent per annum, and
WHEREAS, in the opinion of the City Council, it is
to the best interests of the city that such bid be accepted
and the sale of the said bonds to said Leedy, Wheeler & Alleman,
Inc. of Orlando, Florida, be ratified and confirmed;
NOW, THEREFORE, be it resolved by the City
Council of the City of Delray Beach, Palm Beach County, Florida,
as follows:
Section 1. That the bid of Leedy, Wheeler & Alleman,
Inc. of Orlando, Florida for the purchase of $50,000.00 Water
and Sewer Revenue Bonds of the City of Delray Beach, being part
of the total issue of ~500,000.00 bonds authorized by resolution
adopted by the City Council of said City on November 6, 1961,
said bid being for $49,500.00, and accrued interest, computed from
December l, 1961, for the Bonds numbered 451 to 500, to bear
interest at the rate of four (4%) per cent per annum, is hereby
determined by the City Council of the City of Delray Beach
to be in the best interests of the City.
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Section 2. That the aforesaid bid be and the same is
hereby accepted.
Section ~. That said bonds shall bear interest at
the following rates:
Bond Numbers Amount Year Interest Rate
451 to 500 $50,000.00 1993
Section ~. That said bonds shall be delivered to
the purchasers thereof as soon as may be after the adoption of
this resolution pursuant to due payment therefor in accordance
with the terms of the sale.
Section i. That this resolution shall be in full
force and effect immediately upon its adoption.
Adopted this 18th day of December, 1961.
City
The foregoing resolution is hereby approved by me
as to form, language and execution this 18th day of December,
1961.
City Attorney
(Other business not pertinent to the above appears
in the minutes of the meeting.)
Pursuant to motion duly made and carried, the City
Council adjourned.
~yor
Attest..,~
City Ct~rk.. ,
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STATE OF FLORIDA
COUNTY OF PAI~vI BEACH
I, ROBERT D. WORTHING, h~reby certify that I am the
duly qualified and acting City Clerk of the City of Delray
Beach, Palm Beach County, Florida.
I further certify that the above and foregoing
constitutes a true and correct copy of the minutes of a meeting of
the City Council held on December 18, 1961, and of a resolution
adopted at said meeting, as said minutes and resolution are
officially of record in my possession.
IN ~TNESS WHEREOF, I have hereunto subscribed my
official signature and affixed the seal of said city this
day of December, 1961.
City Clerk