Res 781-50 RESO~ION NO. 781
RESOLUTION OF THE CITY COUNCIL (~ THE CITY OF
D~LftAY BRACB, FLOftXI~,
CO~~G THE L~ FR~
~ N~B~ 13, 1950, TO T~ XRVXMG TRUST COM-
PS, OF ~ ~ CITY, ~ ~, CONC~XNG
$1,080, O~ D~Y B~CH
WHKRKAS, The City of* Delr~y Beach, FlerZda, ts, at the
present tZme valtdatA~g $1,080,000 Delay B~eh le~~
S~ri~s 1951, and
WH~S, B. W. Van ~ ~ Co. ln~., m~ ~eCreMy
Florldm, for ~atd Re~ndl~ ~ndm, a~
WH~S, B. J. VAN Ingen ~ Co. ~., by letter dated
Nov~be~ lO, 1950, eequmst~ t~m Clty of Umlray B~oh, Florlda,
th~u~ its City ~tto~ty, to mdvZmm ~m Z~Z~ ~at Company of
New York City, New York, t~t ~ld Core,ny Za dmml~t~ as the
pay~ agent and the mz~n~m agent For the ~m bmtng
a~ to fu~her advise maid lrvl~ T~mt Company on ~dltlo~l ~t-
letter ~m B.J. Y~ Xngon & Co. X~., whZ~ Zo sm ffollowm:
"~m X~t~ T~st ~m~r~, ~oFato D~vtston, I Wall
Street, Nov Yo~ Clty, wants n letter f~m ~o City
off Do~y hob advlm1~ ~ ~t Zn a~~nom
tho ro~lutZon aut~r~ztng m ~~~ off tho Jm~ry
1; 1~1 Ro~Xng ~ t~t they ere the dosZ~t~
Pa~ A~t and ~o~o ~t ~or ~O ~m t~t arm
boZnf ~o~~ with tho July 1, 1938 a~ July 1, 19~
Wacom of ~ old Ro~dln~ ~s. ~oy aisc want
~ thZl letter a statmont to tho orrMt ~t tho old
$~uld ha~o tho ~ulF 1, 19~1 n~ ~bo~uont Coughs
tmeh~0 ~t be~ the ~ntent~on of tho Ctt~ to pnF tam
Ja~ 1, 19~1 mourns F~m t~so ~o ~n the
sit ~t bo well to state to the ~1~ l~mt Company
~at ehouXd ~me ~t be te~er~ in ~~o wlth the
Ja~y 1; 1951 oou~nm attaohM that they are aurar*
ts~ to deta~ the January 1, 1951 coupon ~ ~y tn
the ro~dlar M~or; ~t ~o ~s of tho 1938
1940 Xswuom are to ~ ~e~n~ ~or the n ow ~f
tho Jnnu~ l; I~5X Issue ~n aeoo:~o with allooa*
tZo~ by B. J. Van ls~ · ~. lno.;~6or of tho
~$~X A~e~y AegiS, ~nd t~t ~y ~omtZonm
X~ tho ~~ ohould bo ro~~ to B. J. V~
a ~. ~o. ~or settlerS; ~thor t2t tho ~f
boZn~ ~o~~ on m ~r ~or ~r ~mAm end tho now
~s of the JaMry 1, )~1 Xomuo wtlX bo
to those ho~~ vita ~o ~uly 1, 1~1 ~nd ~bmm-
quit ~u~ne attmoh~. ~thor, tht if It Zm t~
dmslrm o~ the Clty, y~u ml~t advlsm ~m t9
tho 1938 end 1940 Iseuas oF Bonds taken in Kxohanfa
and Forward them ~ ~o G~t~ ~10~ at ~lra~ hoh
~o~ ~o~n~ end ~1~nS.g
~ W~$, p'~m~nt to ~ld letto~ ~m B. J. Van
Co. ~., the City Mm~ge~ or tlc City or ~lmy Beach,
w~te ~e ffollowtng letter to said l~ing Trait Company off
Yo~ City, New
"T~m i8 to advZmo ~t ~ aooo~e wXth tho
lateen authorizl~ the re-f~~ of the a~vo oep-
tlon~ bo~o (J~r7 1, 195~), 2ca ~ve b~
~t~ ~e paying agent a~ expo ag~t ~or the
~l ~t arm boX~ ex~~ wish ~e July X, 1938
a~ ~ly ~; Xg40 ~lgdOl O~ ~O old re-~~
*T~o Is to ~flhor advise t~t ~.O o)d ~l oF
1938 a~ 1940 ~seuem, w~oh a~ te~er~ ~
should ~ve the July 1, 1~51 a~ ~bse~t coupons
atta~M, it ~ tho tntentZon o~ the CZty to pay
the Jan~ry 1; 1~51 course r~ t~mo ~ in ~e
"Should ~8 be ~er~ ~ exo~e wi~ t~e January
l, 1951 ~upono attache, ~u a~e aut~~ to detach
tho Jan~ 1, XgOX oou~nm a~ pay ~ tho
n~er. ~e ~s of ~e 1938 a~ l~0 t.~el are to
be exoM~ For the new ~s oF ~e January
issue ~ a~oo~anoe wi~ alloaat~o~ by B. J. Van
oo~, a~ any q~en~ion ~noe~ said oxeye
~o~d be reFerr~ ,o B. J. VH ZRgOR & ~.
for
'~e ~s are beX~ Ro~M~ on a ~r ~or Mr
aM ~e boMs o~ the Ja~ry l, X96~ Xone wXXl be de-
liver~ to those e~~~ wi~ t~ J~y l, 1951
~boe~ent ~u~s attache, as arorenid.
wit la ~quest~ ~t ~u oanoel the lgO~ a~ 19~
~em or ~e ~t tak~ ~n ex, age ~ ~om~
to tho City Cle~ at Del~y Bmh, Flo~da, rot
eo~ a~ riling.*
~0~, T~B~, BE IT ~SOL~ by the ~ty ~o~e~l off the
C~ty off ~el~y B~h, Florida as
S~t~on 1~ T~t ~ er~t~ off the a~ve e~t~ lett.~
~ ~e City ~ger of ~e C~ty o~ Del~y Beach, Florida, to the
X~Z~ T~mt Company of Now York CZty, Now Yogi, bo, and the me
hereby app~v~, ~tZ~i~ a~
section ~: That this re~XutZon ~aXX be tn or~t
m~tateXy upon Zts adoption.
Adopt~ a~ upp~v~ Norther 1~; 1~0.
~opt~ by t~ Clt~ ~ll o~ ~e City
on ~v~ 18, 1~, mm the o~l~l oF
~ o~rtoe,
(S~L)