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12-22-50SpMtg DECEI,,~ER 22nd ~ 1950. The City Council of the City of Delray Beach~ Palm Beach Co~uaty~ ?lorida~ met in Special Session at the regular meeting place of the Cou~cil in the City Hall in the City of Delray Beach at 5:00 O'clock P.M. on December 22~ 19~0~ with W.A. Jacobs~ Vice-Mayor~ present and presiding. There were also pres- ent: J. L. S aund er s ~ C ounc ilman i?alter A. Roth~ Councilman R. J.Holland ~ Counc ilman Ruth R. Smith~ City Clerk Charles E. Black~ Cit~? ~'~anager John Moore~ ~ity Attorney Absent John ~. ~_abler ~ Mayor The Vice-Mayor stated that the meeting ~as called pursuant to notice for the purpose~ among other things~ of opening sealed bids received for the purchase o~7 ~87~000 Re~uadmng Bonds~ Series 19~1~ of the City of Delray Beach. The City Cl~r~ presented an affidavit evidenci~g proper pub- lication of the notice of the sale of said bonds~ said affidavit indicating that the notice of sale had been published in -the Delray Beach~ News~ a newspaper published and having general cir- culation i~ the City of Delray~ on December l~th~ 1950 and December 21st~ 1950~ the first of said publications having been made not less than seven days prior to the date fixed for said sale~ to wit~ December 22nd~ 1950 at 5:00 o'clock ?.Iq. The affidavit was approved and was ordered filed with the minutes of said meeting. The City Clerk then presented the sealed bids for the purchase of said bonds which had been received~ which bids ~.~ere opened and found to be as follows: Name of Bidder Premium] B.J.Van Ingen ~ Co.~ Inc. and None McCreedy ~ Company~ Inc. After due deliberation~ it was determined that the bid of B.J.Van Ingen & Co. ~ Inc. and McCreedy & Company~ Inc. ~ of par and accrued interest~ was the highest and best bid submitted for the purchase of said bonds~ whereupon the following resolution was introduced in written form by John Moore~ was read in full: and after discussion~ pursuant to motion made by Councilman Holland~ and seconded by Councilman Roth~ was adopted by the following vote: Aye: Councilman Saunders " Roth " Holland " Jacobs Nay: None ~SOLUTION t~0. A RESOLUTION confirming the sale of ~$~87~000 Refunding Bonds~ Series 19~1~ of the City of Delray Beach, Yg-iEREAS pursuant to resolution duly adopted on the 23rd day of October~ 19%0~ and to notice of sale duly published in the Delray Beach. News~ in full compliance with law~ the City of Delray Beach has received sealed bids for the purchase of ~5~$?~000 Refunding Bonds~ Series 19%1~ dated January Ir 19~1; and ?~{EREA$ the bid of Par and accrued interest of McCree~y ~ Cg~pany~ In_c._~._B_B~J_~.Van In~en ~ Company~ Inc.~ has been det- ermined to be the highest and best bid for the purchase o? said bonds~ said bid being as fo!lo~s: December 22~19~0 Honorable Mayor & i~,iembers of the City Council City of Delray Beach~ Florida. Gentlemen: For your ~87~000 City of Delray Beach Refunding Bonds~ Series 19~1~ maturing and b,~aring interest as sho~ in your published }~otice of Sale~ ~.~hich is hereby made a ~o7~000 and accrued iht- part o~ this bid~ we ~ill pay '~ o crest to date of delivery, Good faith check .~or 2~] of the par value of these bonds has previously been deposited with Moa in accordance with the terms of o~ ref~uading contract. Very truly yours~ B.J,Van Ingen & Co.~ Inc,~ McCreedy ~ Company~ Inc,~ By (Signed) C,T.Mccreedy, and ,,~TEREAS in the opinion of the City Cotu~cil of the City of Delray Beach~ it is to the best interests of said c!ty that such bid be accepted and sale of such bonds to said McCr_____e~e. dy ~ Company; I~nc. ~ and B.J.Van In, eh & Co. ~ I_~_c.._~ of Par and AccrueS~_Intere~st.~ be ratified and confirmed; ~,,[.0,!:~ THE~EFORE~ Be It Resolved by the City Council of the City o~' Delray Beach~ Palm Beach County~ 21orida~ as follows: Section 1. That the bid o,f McCreedy & Company~ Inc. ~ ©: B.J.Van Ingen ~ Co.~ Inc.~ of Par and _Accrued Interest~ for the purchase of ~[:~S?~O00 Ref~mding Bonds~ Series 19~1~ of the City of Delray B~ac~:~ 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 o[~ this resolution~ 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~ 19~0. (Si~ned) ~,/. A. Jacobs Vice-Mayor Attest: R. R. Smith City Clerk The above resolution and the contract t~aerein author- ized approved as to form~ language and execution this 22nd day December ~ 19~0. (SiEn~d k_J_o_tma Moore City Attorney (Other business not pertinent to the above appears in the minutes.) Pursuant to motion duly made and carried~ the meeting was adjourned. (S i,~n~d_) ~f.A. Jacobs Attest: (Si~ned),. Ruth R. Omith Vice-Mayor City Clerk 12/22/ 0 STATE 0F FLORIDA ) ) COUNTY OF PALM BEACH ) I, the undersigned Ruth R~ Smith ,~_.hereby certify that I am the duly qualified and acting City Olerk of the City of Delray Beach, Palm Beach County~ Florida, and as such Clerk of the City Council of said city. I further certify that the above and foregoing con- stitutes a true and correct copy of the minutes of a meeting oi' said City Co~mcil hedl on the 22nd day of December~ 19~0, and of a resolution adopted at said meeting, as said minutes and resolution are officially of record in my possession. IN WITNESS ~[EREOF, I have hereunto subscribed my official signature and affixed herem~to the official seal of said city this 22nd day of December, 19%0. (Si~ned). Ruth R. Smith City Clerk