HomeMy WebLinkAboutResolution-1978-0622
Introduced by Councilmem~er
LeWMAN
RESOLUTI ON NO. 6<:2
Series or 1978
TITLE: RESOLUTION TO INVEST FUNDS OF THE GENERAL FUND
WHEREAS, it is deemed necesssry to invest funds of the
City General Fund,
NOW, THEREFORE, BE IT RESOLVED that the City Treasurer
be authorized to purchase a $300,000.00 (Three Ilundred Thousand
and No/lOO Dollars) Certificate of Deposit at
LAKESIDE NATIONAL BANK
to bear interest at the rate of
10.719% per annum for a period of ninety-one u ,ys.
DONE AND RESOLVED this 11th day of December, A.D.,
1978, by a vote of
6
to
o
~~?~
OLIVER V. PHILLIPS, MAYOR
ATTEST: