79-R-32RESOLUTION NO.
A RESOLUTION ESTABLISHING THE SOUTHEAST BANK
OF NEW SMYRNA, NEW SMYRNA BEACH, FLORIDA, AS
THE DEPOSITORY OF THE WATERWORKS AND SEWER
SYSTEM BOND AND INTEREST SINKING FUND, REPEAL-
ING ALL RESOLUTIONS IN CONFLICT HEREWITH AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, it is necessary, pursuant to the provisions of
Ordinance No. 400, Section 16.(D.) for the City of Edgewater
to designate a depository in the State of Florida, which is a
member of the Federal Deposit Insurance Corporation, and which
is eligible under the State laws to receive State and Municipal
funds, a special fund to be known as the "Waterworks and Sewer
System Bond and Interest Sinking Fund," and
WHEREAS, the Southeast Bank of New Smyrna, New Smyrna
Beach, Florida, meets all of the requirements above -stated.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF EDGEWATER, FLORIDA:.
SECTION 1. That the Southeast Bank of New Smyrna, New
Smyrna Beach, Florida, is hereby designated as the depository
for the Waterworks and Sewer System Bond and Interest Sinking
Fund, as provided in Ordinance No. 400, Section 16.(D.).
SECTION 2. That all resolutions or parts of resolutions
and all ordinances or parts of ordinances in conflict herewith
be and the same are hereby repealed.
SECTION 3. That this Resolution shall take effect immediately
upon its adoption by the City Council of the City of Edgewater,
Florida, and approval as provided by law.
The first reading of the Resolution was read in full and
passed by a vote of the City Council of the City of Edgewater,
Florida, at a regular meeting of said Council held on the
day of February, 1979, and approved as provided by law.
Councilman
C t5y clerk
Approved this day of
A.D., 1979
Mayor
was prepared by
JR.
City Attorney