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A RESOLUTION APPROVING, RATIFYING AND CONFIRMING
THE ACTION OF KATHRYN B. OICONNELL, CITY CLERK,
IN EXCHANGING CERTIFICATES OF INDEBTEDNESS OF THE
ATLANTIC NATIONAL BANK OF JACKSONVILLE, JACKSON-
VILLE, FLORIDA, MATURING FEBRUARY 15TH, 1963, FOR
A LIKE AMOUNT OF CERTIFICATES OF INDEBTEDNESS
DATED FEBRUARY 15TH, 1963, AND MATURING FEBRUARY
I�TH, 1964, COVERING 060,000.00 U. S. TREASURY
31% NOTES, SERIES E-1963.
WHEREAS, the City of Edgewater heretofore held a non-
negotiable custodian receipt #15455 SR issued by The Atlantic
National Bank of Jacksonville, Jacksonville, Florida, covering
$60,000.00 U. S. Treasury 3;% Notes, Series E-1963; and
WHEREAS, said Certificates of Indebtedness matured on
or prior to February 15th, 1963, and the City of Edgewater
has been requested, through its City Clerk, to exchange said
Certificates of Indebtedness for a like amount of Certificates
of Indebtedness bearing date February 15th, 1963, and due Feb-
ruary 15th, 1964.
NOW BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
EDGEWATER, FLORIDA:
SECTION 1That the action of KATHRYN B. OICONNELL, as
City Clerk, in exchanging said Certificates of Indebtedness
maturing on or before February 15th, 1963, for a like amount
of Certificates of Indebtedness issued by The Atlantic National
Bank of Jacksonville, Jacksonville, Florida, in the sum of
$60,000.00, maturing February 15th, 1964, be and the same is
hereby approved, ratified and confirmed in all respects.
SECTION 2. That as said Certificates of Indebtedness
mature from time to time, the said KATHRYN B. OfCONNELL be and
she is hereby authorised to exchange said amount of Certificates
of Indebtedness for a like amount from time to time, extending
the maturity date accordingly.
SECTION 3. That this resolution take effect immediately
upon its passage.
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The above and foregoing resolution was presented by
Councilman Palmateer , who moved its adoption; said
motion being seconded by Councilman Siller
Upon roll call said resolution was declared duly adopted at
the regular meeting of said Council on the 18th day of
February, A. D. 1963; the vote of said Council on said roll
call being as follows:
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