HomeMy WebLinkAboutO-1984-014 ORDINANCE NO. 14-84
AN ORDINANCE OF THE CITY OF DANIA, FLORIDA,
AMENDING SECTION 2-12 OF CHAPTER 2 OF THE
CODE OF ORDINANCES OF THE CITY OF DANIA,
J FLORIDA, ENTITLED ISSUANCE OF SHORT TERM
PROMISSORY OBLIGATIONS" TO INCREASE THE
MAXIMUM ALLOWABLE OUTSTANDING SHORT TERM
PROMISSORY OBLIGATIONS TO A SUM NOT TO
1 EXCEED SIX HUNDRED THOUSAND DOLLARS ; AND
PROVIDING THAT ALL ORDINANCES OR PARTS OF
ORDINANCES AND ALL RESOLUTIONS OR PARTS
OF RESOLUTIONS IN CONFLICT HEREWITH BE
REPEALED TO THE EXTENT OF SUCH CONFLICT ;
AND PROVIDING FOR AN EFFECTIVE DATE .
j BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF DANIA,
{ FLORIDA:
y
Section 1. That Section 2-12 of Chapter 2 of the Code of
Ordinances of the City of Dania , Florida , entitled "Issuance of
Short Term Promissory Obligations" , be and the same is hereby
amended to read as follows :
"Sec. 2-12 . Issuance of short term promissory
obligations .
"- The city commission by resolution may issue
promissory obligations with the following
limitations :
(a) Such promissory obligations must be repaid
within a period not to exceed one hundred
twenty (120) months from date of adoption
of an authorizing resolution.
(b) The interest rate on the obligation shall
not exceed one (1) per cent per annum
above prime interest rate determined at
the time of the authorizing resolution. {
(c) The total amount of principal obligations
outstanding at any one time shall not
exceed six hundred thousand dollars ($600 ,000 . 00) .
(d) The security interest given, if any, shall be
limited to a purchase money lien or mortgage
interest.
(e) Such promissory obligations shall be authorized
by resolution of the city commission. "
Section 2 . That except as herein amended, all other provisions
of said Chapter 2 shall remain in full force and effect .
Section 3. That all ordinances or parts of ordinances and
all resolutions or parts of resolutions in conflict herewith be
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repealed the same are hereby to the extent of such conflict .
Section 4 . That this ordinance shall be in force and take
effect immediately upon its passage and adoption.
PASSED and ADOPTED on First Reading on the 14th day of
August , 1984 .
PASSED and ADOPTED on Second and Final Reading on the 28th
1 day of August , 1984 .
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MAYOR - COMMISSION R
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ATTEST :
CITY CLERK - AUDITOR
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APPROVED FOR FORM AND CORRECTNESS I
By•/psi C
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FRNK C . ADLER, City Attorney
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THE SUN-TATTLER
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WonEstablished as The Hollywood Sun - January 4, 1935 W: e°a1.ee, N°"0,
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HOLLYWOOD, BROWARD COUNTY, FLORIDA XOoo„a eo,plNn NoMonona
noanv N Ina NSlnaneu
ANI ORDNANCE OF THE CITY
jN " TL°3NRFIG SECTION I A
ME W OF CHAPTER IS OF
THE Hold CODE OF ORD,.
STATE OF FLORIDA nuNIATo PROTHE VIDE FDA AN
i COUNTY OF BROWARD aAneAE FoR oT ueAe°ME"."No
Julie Bates TR" PUPS FOR REfF
Before the undersigned authority personally appeared DENTU L UNITS FROM u.ld
TO SS.ld AND FOR SMALL
EUSNESS UNITS FROM S).ld
who on oath says (he. she) Is Classified Manager TO SS.0D AND PAOVIDINa
y THAT ALL OA NANCES OR
{ 'PARTS OF ORDINANCES AND
of THE SUN-TATTLER, a daily newspaper published at Hollywood in Broward OF RESOLUTION OR ICAT
FLICT HEREWITH RE E.
County, Florida; that the attached copy of advertisement, being a Notice PyN CO r K EXTENT
r1 ANO PROVE
ING THAT I EFFECTIVE
DATE OF TWS ORDNANCE
Of Hearing e A,ii"•pgy°RIFGTDAr°E.CiO
j In the mutter Of City of Dania - o"NF DAMA.FL OF AME°RN6
Comm Room ## ### iH0 3E"0N ''"�F aI
in the TER L of TM CODE OF oRDP
1 NANCES OF THE CITY OF
was published in said newspaper in the issue of Aug 17 1984 DAMA, FL01110 SHOIRT TERM
A, ENTITLED
PROMISSORY OF
OELZATION3"
j TO A SUM NOT TO EXCEED
SIX HUNDRED THOUSAND
DOLLARS: AND PROVIDING
THAT ALL ORDINANCES OR
Affiant further says that the said SUN-TATTLER is a newpoper published at Hollywood m PARTS OF ORDINANCES AND
said Broward County,Florida.and that the said newspaper has heretofore been continuously IOLRESOLUTIO"N$OR PARTS
published in said Broward County, Florida,each week and has been entered as second class ICT TTHTETRE-
PEALEDO EXENT
• matter at the post office in Hollywood in said Count Florida, for period of one year next SUCH CONFLICT,AND PROVID•
y, p ING FOR AN EFFECTIVE
preceding the first publication of the attached copy of advertisement; and affiant further A•�v N nr,.
p p person, firm or corporation any discount. �Rl en an RN 1°r.An,,N,,
says that he has neither aid nor promised any pc V N IIN pry Dark,aly HOR lld
rebate,commission or refund for the purpose of securing this advertisement for publication W«I Dania Earn e,
GInIA.FNrNq Ina may W In•
In Said ne WS ' per. ,o,SNe by Nr ", OUy,nm
nomd roy%I noF;
_ nody
h.=a VIt m»Ilne ono l»
IM reN»CI to MF
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Any WNyI me a«la«N ep
j PlV O,CIHan m14 by nN
rq oW ZonIn Eo>It «
Sworn to and subscri d before me CF: I hun""On
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of Mo a vh9no 4 r«Ora
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m,rw o»IYINnG IIoOn rNSn
!, . ItY Pl1RLIC IN, aowN I, to b a»a
AT LARGE r,r waned MwIXn
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