Res 1066-57 RESOLUTION NO. 1066.
A RESOLUTION calling for redemption
certain outstanding revenue certifi-
cates of the City of Delray Beach
BE IT RESOLVED by the City Council of the City of
Delray Beach, Palm Beach County, Florida, as follows:
S~,ecjti.o,n,.l. That all of the outstanding revenue certi-
ficates of the City of Delray Beach, described in the notice of
redemption set forth in Section 2 hereof, are hereby called for
redemption on December l, 19%7, pursuant to the provisions set
forth in said notice.
Section 2. That notice of such proposed redemption
shall be in substantially t he following form:
CITY OF DELRAY BEACH, FLORIDA
NOTICE OF REDEMPTION
Notice is hereby given by the City of Delray
Beach, Florida, that all of the following described
revenue certificates of said city which are now out-
standing have been called for redemption and payment
on December l, 1957:
$350,000 Water System Revenue Certificates,
Series 1946, dated June l, 1946,
denomination $1,000 bearing two
per cent interest per annum, due
June i of each year, and numbered
i to 350, inclusive;
$300,000 Water System Revenue Certificates,
Series 1952, dated June l, 1952,
denominat ion $1,000, be ariD~ three
per cent interest per annum, due
June i of each year, and numbered
i to 300, inclusive.
Said certificates should be presented, with all
unmatured coupons attached, at the place of payment,
-1-
namely, The Chase Manhattan Bank, New York, New York,
for redemption on December 1, 1957, and interest there-
on will cease to accrue on said date.
Given by order of the City Council this /~ day of
~. That the City Clerk is directed to cause
a notice in the aforesaid form to be published one time not later
than October 31, 1957, in The Bond Buyer, a financial Journal
published in the City of New York, New York, and in the Delray
Beach News, a newspaper published and having general circulation
in the City of Delray Beach, to file such notice with The Chase
Manhattan Bank not later than October 31, 1957, and to send such
notice by registered mail to the registered holders of any of the
certificates to be redeemed which are registered as to principal,
such mailing to be made not later than October 31, 1957.
Section ~4. That this resolution shall take immediate
effect.
Adopted and approved August /~Z~/ 1957
............, ·
The foregoing resolution approved by me as to form,
languase and execution this /~ d~of~ ~~., 1957.