HomeMy WebLinkAboutResolution-1979-0653
Introduced by Councilmember
Lewman
RESOLUTION NO. 653
Spries of 1979
TITLE: RESOLUTION TO REINVEST FUNDS OF THE GENERAL FUND
WHEREAS, it lS deemed necessary to reinvest [unrls of the'
City General Fund,
NOW, THEREFORE, BE IT RESOLVED that the City Treasurer
be authorized to purchase a $200,000.00 (Two Hundrpd Thousand and
NO/100 Dollars) Certificate of Deposit at
Majestic Savings &
Loan Association
to bear interest at the rate of
10.124%
per annum for a period of ninety-one
(9l) days.
DONE AND RESOLVED this 16th day of July, A.D., 1979 by
a vote of 6
to
o
~~~, -~
OLIVER V. PHILLIPS, HAYOR ,.
ATTEST: