R-556-73 0
RESOLUTION NO. 556
A RESOLUTION AUTHORIZING THE MAYOR AND
THE VILLAGE MANAGER TO EXECUTE A SECURITY
AGREEMENT WITH PEOPLES FIRST NATIONAL
BANK OF MIAMI SHORES TO FINANCE THE PURCHASE
OF THIRTY-ONE ELECTRIC GOLF CARS FOR THE
GOLF COURSE.
BE IT RESOLVED BY MIAMI SHORES VILLAGE;
That the Mayor and the Village Manager be authorized to
execute on behalf of said Village a Security Agreement with Peoples First
National Bank of Miami Shores to finance the purchase of thirty-one 36
volt E-Z-Go Model 1973 X-440 electric golf cars for the golf course, with
serial numbers as follows;
1034x1133 1034x1149
1034x1134 1034x1150
1034x1135 1034x1151
1034x1136 1034x1152
1034x1137 1034x1153
1034x1138 1034x1154
1034x1139 1034x1155
1034x1140 1034x1156
1034x1141 1034x1157
1034x1142 1034x1158
1034x1143 1034x1159
1034x1144 1034x1160
1034x1145 1034x1161
1034x1146 1034x1162
1034x1147 1034x1498
1034x1148
That said agreement shall be in the sum of not to exceed
$26, 970. 00 repayable in two annual installments beginning, or before,
December 1, 1974, at 4. 95% interest.
That no personal liability shall attach to any officer or employee
of this Village arising out of this transaction.
PASSED on 1 st reading this 6 day of November, 1973.
PASSED and ADOPTED on 2nd reading this 20 day of
November, 1973.
Ma
ATTEST;
0
Village Clerk