R-290-48 ,may
MIAMI SHORES VILLAGE RESOLUTION NO. Z��
A RESOLU^lION RELATING TO THE ESTABLIS11MITT OF A LIBRARY
FUND AND AUTHORIIZING THE SALE OF CERTAIN FEDERAL
GOV=-:,ENT JNT BONDS FOR THE PURPOSE OF ESTABLISHING SAID
FUND.
11HEREAS, Miami Shores Village received a gift of $50,000 from
Mr. George A. Brockuay in May., 19/+3 for the purpose of building and establish-
ing the Brockway Memorial Library; and
Z,TBEREAS, said gift of $50,000 was converted into United States Govern-
ment Series G Bonds; and
WHEREAS, the interest received from said bonds has been invested in
similar bonds; and
1,MIiEAS, it has been determined to immediately proceed with the con-
struction of said Brockway Memorial Library; and
WHEREAS, Miami Shores Village Ordinance No.. 12/+ requires that all
library funds be kept separate and apart from all, other funds of Miami. Shores
Village;
NO1110 THE, BE IT RESOLVED by Miami Shores Village:
Section 1. That the Magor and Village Manager be and are hereby
authorized to sell at the current redemption value the five (5) Bonds in
denominations of $10..000 each, dated May, 191+3, registered as follows: "Village
of Miami Shores Public Library". Eighteen (18) Bonds in denominations of 3100
each, dated April, 194,.5, registered as follows "Miami Shores Village" (Library
Board). Thirty-nine (39) Bonds in denominations of $100 each, dated December,
19/4.7, registered as follows: "Miami Shores Village".
Section 2. That the proceeds from the sale of said bonds mounting
to approx..mately $53,500 be deposited in the Little River Bank and Trust Co.
In an account to be known as "Miami Shores Village Brockway Memorial Library
Fund%
Section 3. That the Little River Bank and Trust Co. be and it is hereby
authorized to accept, honor and pay vouchers and checks of said "Miami. Shores `
Village Brockway Memorial Library Fund" account signed by C. Law%on McCall,
Village Manager, and Rog Mackenzie, Magor.
Passed and Adopted this lst day of June, 1948.
Atte Mayor, Miami Shares Village(--)
Village ger and Clerk