11-02-59CRESOLUTION
DESIGNATING A DEPOSITORY FOR A PORTION OF CITY FUNDS
WHEREAS, the 19~6 Refunding Bond Agreement requires that a Special Reserve
Fund of $15,0OO.00 be created and maintained from the tax levy for Refunding
Bonds, and
WHEREAS, the 19~9 Refunding Bond Agreement requires that a Special Reserve
Fund of $1,500.00 be created and maintained from the tax levy for Refunding
Bonds, and
WHEREAS, it appears that the BOYNTON BEACH STATE BANK is duly qualified to
be official depository of such funds,
NOW THEREFORE BE IT RESOLVED by the Council of the City of Boynton Beach,
Florida that the BOYNTON BEACH STATE BANK be and hereby is appointed Official
Depository of a portion of the funds of the City of Boynton Beach, Florida.
BE IT FURTHER RESOLVED by the Council of the City of Boynton Beach, Flori-
da, that all checks, drafts or other orders for the withdrawal of money be
signed by the TreasurerOr Deputy Treasurer and countersigned by the Mayor or
Vice-Mayor.
BE IT FURTHER RESOLVED, that the BOYNTON BEACH STATE BANK be instructed to
recognize the signatures of O. R. Cierpik as Treasurer; Tereesa Padgett as Dep-
uty Treasurer; James J. Mahoney as Mayor; and Jonas B. Baughman as Vice-Mayor,
on all orders issued by the City of Boynton Beach, Florida.
DULY PASSED AND ADOPTED by the City Council of the City of Boynton Beach,
Florida at its regular meeting of this 2nd day of ~ovember , 1959.
Vice Mayor
Attest: City Clerk