1959-3A RESOLUTION AUTHORIZING THE TRANSFER OF
$18,000.00 FROM THE WATER SYSTEM REVENUE
FUNDS TO THE DEPRECIATION ACCOUNT OF THE
EDGEWATER MUNICIPAL WATER SYSTEM AND
AUTHORIZING THE CITY CLERK TO INVEST THE
AFORESAID SUM OF $18,000 AS AFORESAID IN
UNITED STATES SHORT TERM SECURITIES ,AT FACE
VALUE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OFt EDGEWATER,
FLORIDA:
SECTION 1. That the City Clerk of the City of Edgewater,
Florida, is hereby authorized and directed to transfer the sum of
$18,000 from the Water System Revenue Funds account to the Deprecia-
tion Account of the Edgewater Municipal Water System.
SECTION 2. That the City Clerk of the City of Edgewater,
Florida, is hereby authorized and directed to invest the aforesaid
sum of $18,000 as transferred to the Depreciation Account of the
Edgewater Municipal Watersystem in United States short term
securities; at face value.
BE IT FURTHER RESOLVED that all resolutions or parts of resolu-
tions in conflict herewith be and the same hereby are rescinded.
a. The above and foregoing resolution was presented by Councilman
Sen¢ who moved its adoption, said motion being seconded by
Councilman Armstrong and upon roll call vote, said resolution was
duly declared adopted at the special meeting of said council held
Decemberl0th, 1959, the vote on said roll call of said Council
being as follows:
Attest:
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1959 # 3