1932-76RESOLUTION NO. 76
uHEREAS, the City of South Miami, has outstanding obligations
amounting to about five thousand dollars and a budget schedule for
the fiscal year of 1932 -33 amounting to 7890.00, making in the
aggregate the sum of $12,890.00.
And Whereas, there is due the City of South Miami, on tax
certificates the sum of $32,000 and on the Tax Rolls, for 1931,
the stun. of $8232 aggregating the sum of $40,232.00.
An6 Whereas, it is the opinion of the City Council of South
Miami, that the City may reasonably be expected to collect sufficient
funds, out of the several sums due it to meet its outstanding indebted-
ness, and also to defray its currenC expense for the f iscalsy year of
1932 -33, without the levy of an ad valorem tax for its fiscal ,year of
1932 -33.
Therefore, be it resolved, by the City Council of South Miami,
Florida, that there be no ad valorem tax levied on the property of
said City for the fiscal year 1932 -33 and that the accrued indebteness
of said City, and the interest thereon be-paid out of the monies so
collected agreeably with the budget appropriations heretofore made
for such purposes; and that the current expenses of said City, for
the year 1932 -33 be paid out of said monies so collected in accordance
with the budget adopted for said year.
Passed and adopted this 2nd day of August, 1932.