Bank Depository - 06-16-1931 I
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Sheet No 10- Minutes of June 16th 1931
R E S O L U T I O N
A RESOLUTION DESIGNATING A DEPOSITORY
FOR THE FUNDS OF THE TOWN OF EDGEWATER,
FLORIDA.
WHEREAS , The Town Council of the Town of
z5,! (6 -(q; 77 Edgewater,Florida, was on the First Day
--._.. -_. of June A.D. 1931, duly, regularly and
legally organized , and
WHEREAS , It is the duty of the Town Council
to name and designate a Depository or Bank
for the custody of the Town' s Funds , naming
the conditions of said dep. gnation, NOW THERE-
FORE,
BE IT RESOLVED BY THE TOWN COUNCIL OP THE
TOWN OF EDGEWATER, FLORIDA:
Section 1 . That the First Atlantic National
Bank of Daytona Beach, Florida, be and they
are hereby designated to be , the Official
Depository for the Funds ofmthe Town of Edge-
water, Florida.
Section 2. That the said First Atlantic National
Bank of Daytona Beach, Florida, furnish, and they
are hereby required to furnish, a surety or
guarantee of the payment to the Town of Edgewater,
upon demand of any and all money or funds deposited
in the said First Atlantic National Bank of Daytona
Beach, such security to be in the full coverage of
the amount or sum of money on deposit in the said
Bank at all times, inch security to be acceptable
to and approved by the Town Council of the Town
of Edgewt$ro,Florida.
Section 3. Provided that the tender to the Town of
Edgewater, through its Clerk, of Certificate of
1Jeposit of collateral Bonds or ether security in
the amount necessary to protect the Town against
loss , for any cause whatsoever, shall be deemed
sufficieht, such security subject to the final
acceptance and approval of the Town Council.
Section 4. All resolutions in conflict with this
resolution are hereby repealed and made void, and
of no effect.
The above resolution was introduced by
---- Councilman F.R.Renwick, seconded b Councilman H.
A.Moore , who moved its adopti. • AOF e vote being
as follows: For Adoption
.reurAgRAfr Ir4
Opposed:
None.