Res 771-50 RESOLUTION NO. 771
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF DEr. RAY BEACH, FLORIDA, ACCEPTING
THE OFFER OF THE FIRST NATIONAL BANK OF
DELRAY BEACH, DELRAY BEACH, FLORIDA, TO
PURCHASE FROM THE CITY 0F DELRAY BEACH,
FLORIDA, $ 42,000.00 FAOE VALUE StECIAL
TAX REVENUE CERTIFICATES.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DH. RAY
BEACH, FLORIDA, as follows:
That the City of Delray Beach, Florida, does hereby accept
the offer of the First National Bank of Del~ay Beach, Delray
Beach, Florida, to purchase, subject to the approval of the
Bank's Attorney and of the Attorneys approving the validation
of the certificates, from the City of Delray Beach, $ ~2,000.00
face value special tax Revenue Certificates of the City of
Delray Beach, Florida, bearing 3% interest and dated August 1st,
1950, which certificates were validated on the llth day of August,
A. D., 1950, and which certificates are based upon revemmes
derived from the Municipal utilities service tax imposed pursuant
to Ordinance No. 535, as amended by Ordinance No. 567, as amended
by Ordinance No. G-105.
PASSED AND ADOPTED by the City Council of the City of
Delray Beach, Florida, in Special Session, on this 18th da~ of
September, A. D., 1950.
Mayor
ATTEST: ~ ,
Ci'ty Clerk