4501
RESOLUTION NO. ern
A RESOLUTION ESTABLISHING A TRUST ACCOUNT ADOPTIr®
FOR FEDERAL REVENUE SHARING FUNDS, DESIGNATING
A DEPOSITORY FOR SAID FUNDS AND FURTHER DESIGNATING
THE AUTHORIZED SIGNATURES FOR THE WITHDRAWAL OF
SAID TRUST ACCOUNT, AND PROVIDING AN EFFECTIVE
DATE THEREFORE.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EDGEWATER,
FLORIDA:
SECTION 1. That a trust account is hereby established for the
deposit of all Federal Revenue Sharing Funds.
SECTION 2. That the First National Bank of New Smyrna is
hereby designated and appointed as the official depository of all
Federal Revenue Sharing Funds received by the City of Edgewater, Florida.
SECTION 3. That the withdrawal of any such funds or the
drawing of checks or drafts upon said funds from the said depository
shall be by a proper check or draft signed by the Mayor, or in his absence
the Vice Mayor, or in the absence of the Mayor and Vice Mayor the
Acting Mayor, and the City Clerk, or in the absence of the City Clerk
the Deputy Clerk of said City.
SECTION 4. That all Resolutions or parts of Resolutions in
conflict herewith be and the same are hereby rescinded.
SECTION 5. That this Resolution shall take effect immediately
upon Its passage and approval by the Mayor, said effective date being
December 21, 1972.
The above and foregoing Resolution was presented by Councilman
Crigaer , who moved its adoption, said motion
being seconded by Councilman CTinton . Upon roll
call vote said Resolution was duly declared adopted at a regular meeting
of the City Council held on the 18th day of December, A.D., 1972; the
vote of said Council upon roll call being as follows:
YS-O
ATTEST -
City Clerk
Approved this 18th day of
December, A.D. 1972.
This Resolution was prepared by:
Joseph E. Weaver, City Attorney.
- . MI5
S
or
Councilman
Y-ro