Conversion of All Assets into Cash - Post-War Public Works Reserve Fund - 03-12-1947
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RESOLUTION
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A RESOLUTION PROVJDING .B'OR TH~ CONVERSION OF
.A.LL ASS.l!.;TS IN THh. POS'J1-W.AR PUBLIC WORKS RESERVl!:
FUND INTO CASH
WHEREAS, pursuant to Ordinance 120 the TOi'm of b:dgewater Town
Council created a Post-War ~ublic works reserve fund in
accordance Vvi. th the provisions of Chapter 21893 Laws of Florida,
Acts of 1943 (F.S.A. Section 180.27 - 180.31), and
WHEREAS, there are in said fund certifi5}Htes of deposit in the
Bank of New Smyrna at New Smyrna Beach, .F'lorida, ana United States
of America war savings bonds, and
WHEREAS, it is to the best interest of the Town of Edgewater
that said invesunents be converted into cash, now, therefore
BE IT RESOLVED BY 'rHE: TOWN COUNCIL OE' THh; TOWN OF EDGJ:!:WA'l'ER, FLORIDA:
Section 1. That all certificates of deposit, ~~ ~l~,~~
.2:e'~'l"~~"",~~~J" J t,i) in the Post-War publi c works reserve fund
of the Town of Edgewater be converted in cash and deposited to the
credit of the Town of Edgewater, Florida.
Section 2. That the Nl~yor and the Town Clerk of the Town of
~dgewater, Florida are hereby authorized and directed to take any
and all steps, and sign any and all applications or other papers
necessary in order to yarry out the provisions of this Resolution.
Section 3. Thi s ResolutH"n shall take effect immediately, and all
Resolutions or parts of Resolutions. in conflict ~i.th be and the
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same are hereby repealed.
The above and foregoing Resolution was introduced by Councilman
who moved its adoption which motion
was duly seconded by Councilman
and upon roll call vote the same was declared unanimously carried.
Said Resqlution adopted at a regular meeting of the Tovm Council of
the To~n of ~dgewater, Florida held at the V.I.A. Hall in said
tovm on the 12th day of March, A. D. 1947, the vote of said council
on said roll call being as follows:
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Mayor Counc1lman
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Councilman
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CouncilIDa
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Approved this /c:2iay
of March, A. D. 1947.
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Mayor