HomeMy WebLinkAboutO-1979-225 i
ORDINANCE NO. 225
AN ORDINANCE OF THE CITY OF DANIA, FLORIDA,
AMENDING SUB-PARAGRAPH (C) OF SECTION 2-10
OF THE CODE OF ORDINANCES ENTITLED, "ISSU-
ANCE OF PROMISSORY OBLIGATIONS" , AS SET
FORTH IN ORDINANCE NO. 90 AS PASSED AND
ADOPTED ON JUNE 1 , 19',6 , TO INCREASE THE
MAXIMUM ALLOWABLE OUTSTANDING PROMISSORY
OBLIGATIONS TO A SUM NOT TO EXCEED FIVE
HUNDRED THOUSAND DOLLARS; AND PROVIDING
THAT ALL ORDINANCES OR PARTS OF ORDINANCES
AND ALL RESOLUTIONS OR PARTS OF RESOLUTIONS
IN CONFLICT HEREWITH DE REPEALED TO THE
EXTENT OF SUCH CONFLICT; AND PROVIDING FOR
AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF DANIA,
FLORIDA:
Section 1 . That sub-paragraph (c) of section 2-10 of the
Code of Ordinances of the City of Dania, Florida , entitled "Isau-
ance of Promissory Obligdtiuns" , as set forth in Section 1 of Ordi-
nance No. 90 as passed and adopted on second and final reading on
June 1 , 1976 , be and the same is hereby amended to read as tollows :
" (c) The total amount of principal obligations
outstanding aL any one time shall not exceed
,., $500 ,000 .00 . "
Section 2 . That except as herein amended, all other
provisions of said Ordinance No. 90 shall remain in full force
and effect.
Section 3 . That all ordinances of parts of ordinances
and all resolutions or parts of resolutions in conflict herewith
be and the same are hereby repealed to the extent of such conflict.
Section 4 . ThaL this ordinance shall be in force and take
effect irmuediaLely upon its passage and adoption .
PASSED and ADOPTED on first Reading un the13 day of Nvvembel ,
1979 .
PASSED and ADOPTED on Second and Final Reading on the
11th day of DecembeA 1979 .
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j YOR-COMMISSIONER
! ATTEST: MAAPPROVED FOR FORM AND CORRECTIVENESS:
ITZ° Y CLEIFK Y AUDITOR BY: r _
Frank C. Adler, City Attorney, Dania, Fl .