Minutes 05-23-33SPECIAL 5~ING 0F
A Special .Needing of the Boa~d of Town Commissio~ems of
Town of Bol~ton, Flo~ida~ was held mt tb_e Town Hall on
P~es~t: ~. E~el, Vice-~yo~
~ able consti~t~
Co~issione~s of the To~ of Bo~ton, Florida.
~nis ~eti~ ~as trolled F~ the ~ose of conside~Lug
the roll,lng ~S0~o~I~:-
.~t a Re~ ~et~ of th~ Bo~ of T~
Co~ssione~s held on ~a~eh V, 19~, a Resolution ~s adopted
auth~iz~g, o~de~L~ ~d d~ect~ the Treas~em of the T~
of Bo~t~n to ~et~n ~ll col~temal held by ~ fo~ t~
s~ekeep~g ~ the ~blic m~es of the T.~ of Bo~ton ~til
dimected to the contr~y ~ Resolution ~ ~he Bo~ of To~
Oo~ssione~s of the To~ of Beaten, ~d,
k~e To~ ~s on deposit ~i~ the %~est Pa~ Beach
~ntic National ~ the s~ of
Tb~w~-S~ Dol!~s ~ F~ty-Fo~ Cents
se~ed by Federal Resole B~ of Jac~onville s~ekeep~
Reeeipts ~s foll~s:
Receipt ~880~- ~l,000
~8N- ~1,000
~d.,
the
(Covering U.S. 3~ Treas. Note Series A!938
(Cove~g U.S. ~Tmeas. Note Se~Iss A1~36
(0o~ring UoSo3~_ Treas. Note Series A1536
cashier of the ~est Palm BeachAtlantie
National Bank has ~equ~sted that the amount of collateral
held by the T~easu~ o~ t~he Town of Bo~aton be reduced to
Fo~ ~ous~d Dol!~s ($~,~00)
N~V, T~O~ BE tT
By ~e Bo~ of To~ C~ssi~s of the To~ Of B~ton
Florida, that the ~ea~e~ be, ~ he D~e~ is authorized,
o~e~ed ~ d~c~d to ~eduoe '~e ~ ~ co~te~ he~ by
to sec~e To~ of Boston ~s ~ deposit wi~h ~e ~est P~ Beach
in Federal Re~e ~ceipts o~ the ~ivalent.
BE IT F~T~R ~SOL~:
TD~t the T~eas~e~ be, and he hereby is au~uo~ized, o~ered
~ directed to ~e ~ch ch~es, f~o~ ti~ t~ t~, ~ the
oF co~ater~l, ev~eneed by Federal Reserve Receipts o~ the
equivalent, to pr~e~ s~e~ ~e public mo~es of the
To~ of B~to~
Upon ~Iotion ~ade by Co~ssioner Bowen, seconded by
Co~missioner Menzel ~ ~ly c~ried~ the above ~d lo.gong
Resolution was pa~sed a~ ~opted.
~e~e bei~ no ~the~ ~s~ess the ~et~ adjo~.