1949-06-29 MINUTES OF CITY COUNCIL SPECIAL MTG1daxUrU6 U2 '1'ial7 vii a elliG OF 1,kfo
CITY (XAJ1,TCIL UP :iUU'`Ai tul.Ill,11 rL L17 oE1)NL6DxY3'
-; tdTE 29.?. A.D. 1949 AT T4& CITY H! ti'1'
P.iu:.
The inept ng was called to order by Pres. Prebish with 04yor Acker,
and Councilman Prebish, Treble, Gresham and Carballo responding to
roll call. Councilmen Corley and Andrews had reported themselves in
full accord with the meeting but unable to attend.
Tres. Prebish read the notice for the meeting which had been called
for the purpose of - authorizing; the A-ayor and City Clerk to negotiate
a loan with the Coconut Grove Exchange Bank in the amount of $52000.00
'for the purchase of the. road equipment from Kenneth E. Ross, per
Resolution No. 297.
Councilman Carballo,, seconded by Councilman Freble, moved that Resold
-
:L
No 302 be read. Motion carried.
EL801 UTION NO. 302
d
liE60ILTiaq AU11HURIG12TG QuAYTON VJ. ACKI R
MAYOR A1,1D SYLVA G. ' ivaa'1'Iid CL MK TO TrTt1U,
illM IX- ILIV9�a A t`R61- ISSORY &,T& FUR r'IVE:
` HUG: AIM DOIJIJA:4u PAYA13LL TO TkiE, CUCCITUT GROVE
C L,iNGh; 'BxN1t twit A ijUAN t01D TO GIVt u, xr �ECu�tlt'Y t
C11A6 1h11L ri(PTGaGE UN iiQuj!1i Gl' �T,
BL 112 RE60LVE1) BY Tom'- WAYUR AND CITY Ca'NCIL UP - '1'iIE CIl'Y OF 6CUTH,
tiw M-WA 1, it has become necessary for the City of South Miami to
negotiate a loan for the purphase of certain street equipment, and
WIMR&;LS7 the Coconut Grove. Exchange Bank is willing and has agreed'
to male such a loan,
NUM 'TI-Mt{&U W? BL IT RL;oUljVra that the Mayor and the Clerk of the
City of South Liami, ilorida be and they are hereby authorized on be-
half of the said City of South Niami to ,make, execute and deliver a
promissory note for rive Thousand Dollars ($5!,000.00) payable to the
Coconut Grove Lxchange Bank, payable in twenty -four equal monthly install
ments, beginning within sixty (60) days from date, with interest at the
rate of six percent (6n) per annum payable on each payment, and
BE IT FURTriDA IU15OVVf.1',D9 that the Mayor and Clerk of the City of
South Ifiami, for the purpose of securing the prompt and full payment of
said note, be and they are hereby authorized and directed to execute a
mortgage "lien from and on behalf of the said City of South Idiami to the
said Coconut Grove charge Bank upon the following property now in the
possession, custody and control of the said City of South Miami, in the
County of Dade and State of illorida:z
I Adams Grader #312 with 11-tooth scarifier Serial #233 powered by
lnternational .&igine model 86 Series TD 99 Serial #T.DCBLi 15877.
. - 10 -ton Buffalo Springfield Roller :F11435