R-536-73 RESOLUTION NO. 536
A RESOLUTION AUTHORIZING THE MAYOR
AND THE VILLAGE MANAGER TO EXECUTE
THE NECESSARY CHATTEL MORTGAGE OR
RETAIN TITLE CONTRACT WITH FIRST STATE
BANK TO FINANCE THE PURCHASE OF TWO
INTERNATIONAL TRUCKS.
BE IT RESOLVED BY MIAMI SHORES VILLAGE:
That the Mayor and the Village Manager be authorized
to execute the necessary Chattel Mortgage or retain title contract
with the First State Bank of Miami to finance the purchase of
two International Harvester trucks.
That said mortgage or contract shall be�ija the principal
sum of not to exceed $37, 200. 00 payable in installments on or
before three years from the date of the mortgage, at 3-3/4%
interest.
PASSED AND ADOPTED this 20th day of February,
1973.
Elwood Jones
Mayor
ATTEST:
Village Clerk