1966-530IF
ORDINP14CE NO. 530
ORDINANCE OF CITY OF SOUTH MIAMI, FLORIDA,
ESTABLISHING FEES TO BE PAID THE FIRST
NATIONAL BANK OF SOUTH MIAMI, FOR ACTING AS
DEPOSITORY FOR PUBLIC IMPROVEMENT REVENUE BONDS.
WHEREAS, by pry naorrA vo_ 520 and Resolution No. 2102,
previously adopted by the City, the First National Bank of
South Miami was desi naffed as de
q positbry for the -bonds issued
by the City pursuant to such ordinance, and
WHEREAS, certain 'fees will be incurred in the redemption
of said bonds,and -
WHEREAS, the'fees hereinafter authorized are just and
reasonable;
NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND CITY COUNCIL
OF CITY OF SOUTH MIAMI, FLORIDA:
___The.. -FIRST NATIONAL BANK OF SOU TH.'MIAMI shall be paid the
following ' fees for acting as depository 'for Public Improvement
Revenue Bonds, Series 1965, authorized by. Ordinance No. 520:
Each inter st coupon
Minimum charge for each
interest "maturity $25.00
Each bond principal $ 2.00
Minimum 'charge for each
principal maturity $50.00
PASSED AND ADOPTED this 18th day of January, A.D. 1966.
#: APPROVED:
e .4 ')A. �-
Mayor
ATTEST:
/�1 e fc C.Co J
�- G` ity Clerk