518RESOLUTION N0. 518
A RESOLUTION AUTHORIZING CITY CLERK
TO CONTACT ALL BANKS AND LENDING
INSTITUTtBNiIN VOLUSIA COUNTY,FLORIDA
IN REGAR TO OBTAINING THE HIGHEST
INTEREST RATE FOR SHORT TERM INVEST-
MENTS OF CITY FUNDS AND PROVIDING AN
EFFECTIVE DATE. THEREFORE.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EDGEWATER,
FLORIDA:
SECTION 1. That the City Clerk is hereby authorized
to contact all banks and lending institutpC/xin Volusia
County, Florida in regard to obtaining the highest
interest rate for short term investments.
SECTION 2. That the City Clerk is hereby authorized
to make short term investments of City funds with that
institutOpNoffering the highest interest rate.
SECTION 3. That all Resolutions or parts of Resolutions
in conflict herewith be and the same are hereby rescinded.
SECTION 4. That this Resolution shall take effect
immediately upon its adoption by the City Council and
approval by the Mayor.
The foregoing Resolution was presented by Councilman
Sikes , who moved its
adoption, said motion being seconded by Councilman
Upon roll call vote the said Resolution was duly
declared adopted at a regular meeting of the City Council
held on the 3rd day of June , A.D. 1974; the vote
of said Council upon roll call being as follows:
Is-/1P
ATTEST:
q /,w mayor
ity er
Approved this _7r,j day of
June A.D. 1914.
Councilman
�74ayor
o ui ma
This Resolution was prepared by:
Joseph E. Weaver, City Attorney.
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