1932-82RESOLUTION N0. ? )-
A R9SOLUTION OF THE CITY COUNCIL OF THE
CITY OF SOUTH 111MAI AUTHORIZING THE SALE
AND DISPOSITION OF CERTAIN TAX CERTIFICATES
NOW OWNED AND HELD BY SAID CITY AS TO WHICH
THE TWO SEARS PERIOD OF REDEMPTION ALLOWED
BY LAW HAS EXPIRED.
WHEREAS, at sales duly held for non - payment of
taxes upon real estate situate within the corporate limits
of the City of South Miami for the years respectively
A. D. 1926, 1927, 1928 and 1929, the City of South Miami
became the purchaser and there was duly issued to said City
of South Miami sundry tax certificates pursuant to said
sales and said City is now the owner and holder of said
sundry certificates; and,
WHEREAS, the time allowed by law for the redemption
of said certificates has elapsed and expired; and,
WHEREAS, much effort has been expended to produce
and bring about a redemption of said certificates by the
owners of the lands on.and against which the same are issued,
and to sell the said certificates for said years; and,
WHEREAS, effort and experience so to procure a
redemption of said certificates and /or to sell the same to
the people in general has demonstrated that said certificates
oannot be sold at a price or sum greater than thirty -three
and one -third per cent. (33 1/3 %) of the face value thereof
without penalty or interest; and said certificates being
in the great majority upon vacant unimproved and non - revenue
producing lands within said City of South Miami; and the
said City Council after an extended investigation has determined
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that the reasonable market value of said certificates is
approximately the said sum of thirty -three and one -third
per cent. (33 1/3 %) of the face value thereof without
penalties or interest;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY CO(Mb IL
OF THE CITY OF SOUTH VIAh—T that the City Clerk of said City
of South Miami be and he is hereby authorized, empowered
and directed to sell said certificates for said years of
'tto
1926, 1927, 1928 and 1929 at and for enek price and sum as
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he shall be offered or shall be able to obtain for said
certificates but not less, however, in any event the said
sum of thirty -three and one -third per cent (33 1%3 %) of the
face value thereof without penalties or interest.
PASSED and ADOPTED this day of , 1
A. D. 1932.
ATTEST;
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PRESIDENT .
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