1929-46JOS tag 9 -16 -29
RE S O I U T I O N #_JL,/_
MUREAS it has become necessary to negotiate a loan
for and on behalf of the City of South Miami; and
WHEREAS the Coconut Grove Bank & Trust Co. is willing
and has agreed to make such loan;
NOW THEREF08L BE IT RESOhVED,by the Mayor and Counsel
of the City of South Miami, F.lorida''that the Clerk be and
he is hereby authorized to negotiate for a loan of ON3
THOUSAND DOLLARS ($10000.00) with the Coconut Grove Bank &
Trust Coo;
BE IT FURTHER RSSOI:VED that the Mayor and Clerk of
said City of South Miami be and they are hereby authorized
to make; execute and deliver a promissory note for ONE
THOUSAND DOLLARS ($10-000.00) payable to the Coconut Grove
Bank & Trust Co., and due on or before fO days from
date of said note, said note to bear interest at the rate
of eight percent (8%) per annum.
Passed and adopted this 17th day of September, A. D.
1929.
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