HomeMy WebLinkAboutR-77-21R E S 0 L` UT _I O N
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WHEREAS, the City of Sebastian, Florida, has surplus
funds in the amount of $20,000.00, and
WHEREAS, the City Council of the City of Sebastian
desires to invest said surplus funds in an interest bearing
certificate of deposit at the Sebastian River Bank, and
WHEREAS, it is considered in the best public interest
to invest surplus funds at the highest possible rate of '
interest;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF SEBASTIAN,
FLORIDA, BY AND THROUGH ITS CITY COUNCIL, as follows:
1. The City of Sebastian shall invest $20,000.00 of its
surplus funds in an interest bearing certificate of deposit
at the Sebastian River Bank of Sebastian, Florida.
2. The Mayor and City Clerk of the City of Sebastian
are hereby authorized and directed to execute any and all
instruments which may be required to effect this investment.
F. Eugughe CraggljAhyor
ATTEST:
City Clerk
The foregoing Resolution was duly passed and adopted
by the City Council o.: the City of Sebastian, Florida,
this _// day of �47 , 1977.
City Clerk
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