03-07-60Di~ESOLUTI ON
~HEREAS the City Council, as the governing body of th~
CITY OF BOYNTON BEACH, FLORIDA, has ascertained that said Munici-
pality has certain surplus funds on deposit in the Boynton Beach
State Bank, its depository, and
I~HENEAS, in reasonable expectation said surplus funds
will not be needed by the Municipality within a period of six
months from the date hereof; and
WHEREAS it is deemed to the best interests of the Municipa
ity that said surplus funds be invested in negotiable direct
obligations of the United StatesGovernmeht,in order to obtain the
best rate of interest thereon,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Boynton Beach, Florida, as follows:
1. That the Finance Director of the City of Boynton Beach
Florida, be and she is hereby authorized to withdraw from tho
.Boynton Beach State Bank, as City Depositary, from th~ general
funds of said City on deposit therein, sufficient funds to purchas.
and to purchase ~7~,000.00 worth of 4 3/4% interest b~aring United
States Treasury notes due and payable August 15, 1960, at the pre-
vailing market price for such securities, said authorization to
include the expenditure of any interest reimbursement or premiums
due in connection therewith.
Dated this 7th day of March, A. D. 1960.
ATTEST :. CitY
(CORPORATE SEAL)
CITY OF /BOYNTON BEACH, FLO~ ID