Res 336 RESOLUTION OF THE CITY COUlqCIL OF THE CITY OF
DELRAY B~CH, FLORIDA, i',~I~G S%F~PL~/JV~NTAL
~'~ROVISION FOR THE COI~ENSATION OF Ti~ FISCAL
AGA/TT FOR THE CITY OF DELRAY B~:-~CH, FLORIDA.
WHEKEAS, by resolution duly adopted by the City Council
of the City of Delray ~each on January 24, 1939, an Agreement
was entered into between the City and Thomas M. Cook and Company
whereby Thomas M. Cook and Company was appointed Fiscal Agent
for the City for the purpose of undertakirg the readjustment of
the City's indebtedness by the issuance of refunding bonds and
it is now necessary that supplemental provision in that regard be
made as hereinafter stated;
NOW, THEREFORE, Be It Resolved by the City Council of
the City of Delray Beach, Florida, as follows:
Section 1. That, for services rendered in connection
with the refunding program, Thomas M. Cook and Company, as fiscal
agent, be paid a total fee of one-half of one (1%) per cent on
the principal amount of all Refunding Series "k" and Series "B"
Bonds actually delivered in exchange for the City's presently
outstanding indebtedness. That such compensation shall be based
upon a Certificate from the ~est PaLm oeach Atlantic National
Bank, exchange agent, showing the amount of refunding~actually
delivered.
Section 2. That this resolution shall take effect
immediately upon its passage.
Passed by unanimous vote of the City Council, all members
being present, at a special meeting of said City Council on
October 30, 1939.
ATTEST: Presfdent, City Council
City Clerk APPROV~ED :~ /
~ayor -