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Reso 2010-1538
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Reso 2010-1538
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Last modified
11/2/2010 3:04:01 PM
Creation date
11/2/2010 11:13:08 AM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2010-1538
Date (mm/dd/yyyy)
03/18/2010
Description
Issue $15 Million Cap. Improv. Rev Bonds/Loan Agmt w/SunTrust Bank
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<br />OF, PREMIUM, IF ANY, AND INTEREST ON THIS BOND OR FOR THE PAYMENT OF <br />ANY OTHER AMOUNTS PROVIDED FOR IN THE LOAN AGREEMENT. <br /> <br />It is further agreed between the City and the Holder ofthis Bond that neither the members <br />of the Governing Body of the City nor any person executing the Bonds shall be liable personally <br />on the Bonds by reason of its issuance. <br /> <br />This Bond may be exchanged or transferred by the Bank hereof but only upon the <br />registration books maintained by the City and in the manner provided in the Loan Agreement. <br /> <br />It is hereby certified, recited and declared that all acts, conditions and prerequisites <br />required to exist, happen and be performed precedent to and in the execution, delivery and the <br />issuance of this Bond do exist, have happened and have been performed in due time, form and <br />manner as required by law, and that the issuance of this Bond is in full compliance with and does <br />not exceed or violate any constitutional or statutory limitation. <br /> <br />IN WITNESS WHEREOF, the City of Sunny Isles Beach, Florida has caused this Bond <br />to be executed in its name by the manual signature of its Mayor, and attested by the manual <br />signature of its Clerk and its corporate seal or a facsimile thereof affixed hereto, all as of this <br />_ day of March, 2010. <br /> <br />CITY OF SUNNY ISLES BEACH, FLORIDA <br /> <br />By: <br /> <br />Mayor <br /> <br />[SEAL] <br /> <br />ATTEST: <br /> <br />By: <br /> <br />Clerk <br /> <br />A-5 <br /> <br />{MI883440_2} <br />
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