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a National Bank of Chicago at such time as you furnish that bank with instructions to deliver the
<br />Refunding Bonds to us and authorize the Chicago Bank to deliver the check to us at our Chicago
<br />Office upon our paying fore the Refunding Bonds.
<br />Respectfully submitted,
<br />R. E. CRIIMM& COMPANY,
<br />By_ W. J.Me redith
<br />Enclosure
<br />WJM:KW
<br />RESOLUTION - BOND SALE SPECIAL ROAD & BRIDGE DISTRICT
<br />NO . '4 1104,000
<br />�.ar•.+®.rr.r.r..�..►. �. r r®.sc— mss.®
<br />After consideration of the bids, Commissioner Graves introduced the following resol-
<br />ution and moved its adoption, which motion was seconded by Commissioner Helseth, and, upon
<br />roll call, said resolution was adopted by the following vote:
<br />Ayes: Graves, Relseth, Glover, Michael and Vickers
<br />Nays: None
<br />Not Voting: None E
<br />The resolution was in wards -and figures as follows:
<br />WHEREAS, by proceedings heretofore duly had and taken by this Board, a total of
<br />$4179000 Roan and Bridge Refunding Bonds of Indian River County, Florida, Special Road and
<br />Bridge District No. 4, dated January 1, 194:1, were authorized to be issued in lieu of an equal
<br />7r
<br />amount of Road and Bridge Refunding Bonds of said District dated January 1, 1937; and
<br />WHEREAS, of said $417,000 bonds all except $148,000 thereof have heretofore been
<br />Issued; and
<br />SAS, by a dvertisement appearing in the Vero Beach Press -Journal of December 12,
<br />1941, and December 19, 1941, issues (like advertisement appeared in the December 159 19419
<br />issue of the Bond Buyer published in New York City) notice was given that sealed bids would be
<br />received by this Board until 10:00 o'clock A. M., on December 23, 19419 for the sale of $148,0
<br />of said Refunding Bonds; and
<br />WHEREAS, after full consideration of the bids, this Board found and .determined that
<br />the -bid .of R. E. Crummer & Company of par and accrued interest plus a premiunt- of $30.00 for
<br />each $1,000 bond delivered is the best bid and that it is in the best interest of said County
<br />that said bid be accepted; NOW, THEREFORE,
<br />BE IT RESOLVED BY THE BOARD OF COUN'T'Y' COMMISSIONERS OF INDIAN RIVER COUVTY, FLORIDA,
<br />IN SESSION DULY ASIS LED :
<br />accepted.
<br />Section 1. _ That the said bid of R'. - B.. Crummer & Company be and the same is hereby
<br />Section 2. That the amount of bonds dated January 1, 1941, to be delivered under
<br />the bid shall, pursuant to law, be reduced by the amount of,$44,000, as this amount of Refund-
<br />ing Bonds of the 1937 beries (together with $1,000.00 additional amount of such 1937 series,
<br />being Bond No. 361, for which no 1941 Series was provided) will be retired out of bash to the
<br />credit of Indian River County°Special Road and Bridge District No. 4 with the State Board of
<br />.Administration. The Refunding Bonds of January 1, 1941, of those advertised in the "Not ice
<br />of Bond Sale" not to 'be issued because of this retirement of bonds of the 1937 issue shall be
<br />$209000 of the 1-1-44 maturity, $14,000 of the 1-1-45 maturity and $10,000 of the 1-1-46 mat-
<br />urity.
<br />Section 3. That the Clerk of this Board shall send ,certified copies of this resolut-
<br />ion to the following parties for the indicated purposes:
<br />(A) To_Th_e_First Netional . &Ek of Chicago. Chicago, IllinOls. as supplemental to the
<br />instructions contained in resolution of this Board of May 24, 1941, and as its authority to
<br />deliver Refunding Bonds dated January 1, 1941, of the following maturitesraand amounts to R. E.'
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