Res 782-50 RESOLUTION NO. 782
A RESOLUTION OF THE CITY COUNCIL OF THF. CITY OF DELHAY BEACH,
FLORIDA, EXTENDING ITS APPRECIATION TO THE BOND COMMITTEE
AND TO H. A. HUBBARD, WHO ABLY ASSISTED SAID COMMITTEE IN
EFFECTING THE BOND REFUNDING PROGRAM OF THIS CITY.
~IEREAS, the City of Delray Beach, has, at the pres-
ent time, $1,119,000 General Revenue Bonds outstanding, and
WHEREAS, the Council o£ this City appointed a Bond
Committee composed, of Charles A. Crane, B. C. Butler, and John
Moore to investigate the feasibility of issuing re-funding bonds,
and
WHFAIEAS, due to the diligence of said Bond Committee,
which was ably assisted by H. A. Hubbard, validation proceedings
have been instituted to re-fund the present bonded indebtedness,
and
~UdEHEAS, it is estimated that a saving to this City
of over one-quarter of a million dollars will result from said
re-funding bond validation,
NOW, THEREFORE:
BE IT RESOLVED by the City Council of the City of
Delray Beach, Florida, as follows:
That this City hereby extends its sincere appreciatio
to the Bond Committee, and to H. A. Hubbard, for their efforts
and diligence spent on the entire refunding program, and for the
resulting saving to the City of Delray Beach, Florida.
ADOPTED by the City Council at a regular meeting on
this the 28th day of November, A. D. 1950.
MacoCr/
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