R-553-73 RESOLUTION No. 553
WHEREAS, MIAMI SHORES VILLAGE, is currently without
funds from which to conduct the normal and routine affairs of
the said Village until taxes are received from Dade County as
provided for in the Metropolitan Dade County Charter and
ordinances enactedthereunder; and
WHEREAS, in anticipation of receiving from Dade County
on or before November 1, 1973, sufficient sums to pay all
necessary Village expenses; and
WHEREAS, Miami Shores Village must of necessity obtain
the sum of $100,000. to operate its affairs and perform the
necessary municipal functions as provided for by law until said
sum is received from Dade County; and
WHEREAS, in anticipation of receiving sufficient
monies to operate the said Village, The Peoples First National
Bank of Miami Shores has. agreed to loan the said Village, as
aforesaid, the sum of $100,000. with interest thereon from date
at the rate of 4. 95 % per annum for a period not to exceed
60 days at which time the said Village will repay said loan,
with interest, as aforesaid,
NOW, THEREFORE, BE IT RESOLVED that the Mayor and
Village Clerk of this municipality are authorized and directed
to borrow from said- Bank the said sum of $100,000. as aforesaid;
and
BE IT FURTHER RESOLVED that said officials do make,
execute and deliver to said Bank, upon the receipt of said $100,000.
a certificate containing the recitals herein set forth, and
certifying that said resolution was regularly adopted by said
Village and that the said sum of money shall berepaid, as
aforesaid; and
BE IT FURTHER RESOLVED that said officials are hereby
4P t
authorized and directed to execute such papers as may be
necessary to carry this -resolution into effect, including the
authority to make, execute and deliver to said Bank a promissory
note representing the said loan in the form customarily used by
said Bank; and
BE IT FURTHER RESOLVED that in making said loan and
executing this certificate that the said Bank and the said Village
agree that no liability shall attach to this transaction, or
any part thereof, insofar as the officials and employees of
this Village are concerned.
PASSED and ADOPTED this 4th day of September, 1973.
/,,,Y- 9,
Mayor
ATTEST:
A
Villag Clerk
f
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TAX ANTICIPATION
CERTIFICATE
WE, the undersigned Mayor and Village Clerk, of Miami
Shores Village, do hereby certify that at a meeting of said
Village duly called and regularly held, a resolution was •adopted
in words and figures, as follows to-wit:
RESOLUTION No. 553
WHEREAS, MIAMI SHORES VILLAGE, is currently
without funds from which to conduct the normal and routine
affairs of the said Village until taxes are received from
Dade County as provided for in the Metropolitan Dade County
Charter and ordinances enacted thereunder; and
WHEREAS , in anticipation of receiving from Dade
County on or before November 1, 1973, sufficient sums to
pay all necessary Village expenses; and
WHEREAS, Miami Shores Village must of necessity
obtain the sum of $100,000 . to operate its affairs and
perform the necbssary municipal functions as provided for
by law until said sum is received from Dade County; and
WHEREAS, in anticipation of receiving sufficient
monies to operate the said Village, The Peoples First
National Bank of Miami Shores has agreed to loan the said
Village, as aforesaid, the sum of $100 , 000. with interest
thereon from date° at the rate of 4. 95 % per annum for a
period not to exceed 60 days at wh ch time the said Village
will repay said loan, with interest, as aforesaid,
NOW, THEREFORE, BE IT RESOLVED that the Mayor and
Village Clerk of this municipality are authorized and
directed to borrow from said Bank the said sum of $100,000.
as aforesaid; and
BE IT FURTHER RESOLVED that said officials Jo
make, execute and deliver to said Bank, upon the receipt-
of said $100, 000. a certificate containing the recitals
herein set forth, and certifying that said resolution was
regularly adopted by said Village and that the said sum
of money shall be repaid, as aforesaid; and
BE IT FURTHER RESOLVED that said officials
are hereby authorized and directed to execute such papers
as may be necessary to carry this resolution into effect,
including the authority to make, execute and deliver to
said Bank a promissory note representing the said loan in
the form customarily used by said Bank; and
BE IT FURTHER RESOLVED that in making said loan
and executing this certificate that the said Bank and the
said Village agree that no liability shall attach to this
e
I
transaction, or any part thereof, insofar as the officials
and employees of this Village are concerned.
PASSED and ADOPTED this 4th day of September, 1973.
a James W. Condit
• Mayor
ATTEST:
M. Antoinette Vigneron
Village Clerk. '
IN WITNESS WHEREOF, this instrument has been executed
on behalf of Miami Shores Village by its duly authorized officials,
this 27th day of Sept. 1973.
Mayor
ATTEST:
Viii/rage Clerk.
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