Res 784-50 ~ESOLUTION N0. 784
A RESOLUTION C0NFII~ilNG TgE S~T.~. OF
$587,000 HEFUNDING BONDS~ S~S 1951,
0F T~ CITY OF D~Y B~CH.
~~ pursuant to resolution duly adopted on the 23rd
day of October, 1950, and to notice of sale duly published
the ~elray Beach News, in full compliance ~th law, ~e City
of ~elray Beach has received sealed bids for the purchase of
$587,000 ~efunding Bonds, Series 1951, dated January 1, 1951;
and
~~S the bid of P~
& C0~, INC, B. J. V~N INGEN & CO~, INC., has been
determined to be the hi,est and best bid for the purchase
of said bonds, said bid being as follows:
December 22, 1950
Honorable Mayor & Members of the City Council
Olty of Delray Beach, Floridao
Gentlemen:
For your $587,000 City o£ Delray Beach Hefunding
Bonds, Series 1951, maturing and bearing interest
as shown in your published Notices of Sale, which
is hereby made a part of this bid, we will pay
$587,000 and accrued interest to date of delivery.
Good Faith check for 2~ of the par value of these
bonds has previously been deposited with you in
accordance with the terms of our refunding contract.
Very truly yours,
B.J. Van Ingen & Co., Inc.,
McCreedy & Company, Inc.,
By (signed) C. T. McCreedy
and
WHEREAS in the opinion of the City Council off the City off
Delray Beach, it is to the best interests of said city that such
bid be accepted and sale of such bonds to said McC~DY & C0~IPANY
INC., and B.J. VAN INGEN & CO., INC., of PAtt AND ACCRUED INTF~tEST
be ~atiffied and confirmed;
NOW, THE~d~FOR~, Be it Resolved by the City Council of the
City of Oelray Beach, Palm Beach County, Florida, as follows:
Section 1. That the bid of McCreedy & Company, Inc., &
B.Jo Van Ingen & Co., Inc., of Par and Accrued Interest, for the
purchase of $587,000 Hefunding Bonds, Series 1951, of the City
of Delray Beach, set out in full in the preamble hereto, be and
the same is hereby accepted.
Section 2. That said bonds shall be delivered to said
purchaser as soon as may be after the adoption of this resolut-
ion, pursuant to due payment therefor in accordance with the
terms of sale.
Section 3. That this resolution shall be in full force
and effect immediately after its adoption.
Adopted and approved December 22, 1950.
ATTEST: (Signed) W.A. Jocobs
R.R. Smith ..... ¥1ce-Mayor
ul%y clerk