R-557-73 RESOLUTION NO. 557
A RESOLUTION AUTHORIZING THE MAYOR AND
THE VILLAGE MANAGER TO EXECUTE THE
NECESSARY CHATTEL MORTGAGE OR RETAIN
TITLE CONTRACT WITH PEOPLES FIRST NATIONAL
BANK OF MIAMI SHORES TO FINANCE THE PUR-
CHASE OF TWO INTERNATIONAL TRUCKS.
BE IT RESOLVED BY MIAMI SHORES VILLAGE:
That the Mayor and Village Manager be authorized to
execute the necessary chattel mortgage or retain title contract
with Peoples First National Bank of Miami Shores to finance the
purchase of two International trucks.
That said mortgage or contract shall be in 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 4. 95% interest.
PASSED and ADOPTED this 20th day of November, 1973.
Passed on 1st reading November 6, 1973.
M y r
ATTEST:
Village Clerk