HomeMy WebLinkAboutResolution-1977-0513
IntroducBd by Councilman
DONALDSON
RESOLUTION NO.
513
SBriB3 of 1977
WHEREAS, it is dBBmBd nBcBssary to transfBT prBviously
invBstBd funds of the City General Fund to obtain a higher rate
of intBrest,
NOW, THEREFORE, BE IT RESOLVED that the City Treasurer
be authorized to transfer funds of the City GBneral Fund Savings
Account as follows:
$90,000 to First Federal Savings & Loan Association
$70,000 to Majestic Savings & Loan Association
The total invested funds in the above accounts shall not exceed
$100,000 each.
DONE AND RESOLVED this
23rd
day of May, P..D., 1']77,
by a votB of
6
to
o
, }- "
/~4 ,-
Frank Stl tes
Mayor
I
'. /" i !u l'"
ATTEST:
, I
(~;;'( ucf (. I~ //2vJ
Carol Hampf /,
City Clerk