18RESOLUTION NO. 18
A RESOLUTION DECLARING AND DESIGNATING
THE BANK OF NEW SMYRNA, NEW SMYRNA
BEACH, FLORIDA, AS A DEPOSITORY FOR THE
SEWER PLANNING FUNDS OF THE CITY OF
EDGEWATER, FLORIDA, AND PROVIDING HOW
SAID FUNDS MAY BE WITHDRAWN.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EDGEWATER,
FLORIDA:
SECTION 1. That the BANK OF NEW SMYRNA, New
Smyrna Beach, Florida, be and it is hereby declared and
designated as an official depository for the sewer planning
funds of the City of Edgewater, Florida; said bank account
to be known as "CITY OF EDGEWATER, SEWER PLANNING ACCOUNT".
SECTION 2. That the City Clerk of the City of
Edgewater, Florida, be and she is hereby instructed to
deposit the sewer planning funds of the City of Edgewater,
Florida, in the said BANK OF NEW SMYRNA, New Smyrna Beach,
Florida.
SECTION•3• That said BANK OF NEW SMYRNA, New
Smyrna Beach, Florida, be and it is hereby instructed to
honor only warrants and/or checks of the said City of
Edgewater which bear the signatures of A. HUSSEY, as Mayor,
and countersigned by KATHRYN B. O'CONNELL, as City Clerk, or
HELEN W. JONES, as Deputy City Clerk.
SECTION That the City Clerk be and she is
hereby instructed to keep and have said funds at all times
secured to and in excess of one hundred (100) per cent of
the amount of the total deposit of the City of Edgewater,
Florida; said securities to be approved by the City Council
of the City of Edgewater, Florida.
SECTION That all Resolutions in conflict with
this Resolution be and the same are hereby repealed.
* /e
SECTION 6. That this Resolution shall become
effective immediately upon its adoption.
The above and foregoing Resolution was presented
by Councilman Sane who moved its adoption;
said motion being seconded by Councilman vaimat.PA.
Upon roll call said Resolution was duly declared adopted at
the adjourned regular meeting of said Council on the 26th
day of June, A. D. 1963; the vote of said Council on said
roll call being as follows;
,i
Councilman
LL 2t� K. ;
Councilman
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