1919-13 Bank Designation181
Designation of a Uity Depository.
4
Whereas, it is the desire of the Uity Uounoil of ukeeekoboe
Pit7v Vloricla, to provide a suitable Uepository for the funds of the
i Mid Gityq and
whereas, there is but one bank in the uounty of Ukeeohobee,
making it impossible to secure bids therefor:
MpMORE BE ite B3SOLVED, that the Bank of ukeechobee, a Vlorida
Oorporation, be and the,same is hereby designated, and declared to
be the t;ity uepoeitory, of the Gity of Okeechobee, and all officers
of said Uity, handling the funds thereof, are hereby directed and re-
tuirea to deposit the same therein, according to law, an& that the
said bank do furnish a surety bond in the sum of the -average daily
balances held in said Bank,, and to pay the sum of two per cent. per
a33r= 'on the daily bal ' ance of each fund, on hand daily,, for the space
of one- month or more.
The foregoing resointion on motion of Uouncilman W. e. Underhill
duly seconded by Qouncilman K. L. Pearce, was adopted by'a unanimous
vote, all.voting Aye, none ho. and ordered recorded in the minutes.
ATTEST: 'we We Ainnicliff U, ii. Brooks
Uity ulerk President of uouncil
a, u. 2earoe
Nity of Okeechobee is* il. wright
Beal) N. P. Underhill
Approved this the 2511 day of June, A.D. 1919.
D, Z, Austin
Mayor
on motion made by W. P. Underhill, Seconded by B. R. Wright, the
foregoing resolution was read a first time in fullt and on motion
Vy R. R. Wright, s000nded Iby 0. R. Brooks the foregoing resolntion
was reed a 666ond time by pharagraphs. Both motions carried
unanimously.
Mr. C. R. Brooks moved that the foregoing resolution be read 4,11
707 title Gnly and placed for final pageage. Motion was seconded
by'W. F. Underhill and a vote was taken with the following result:
Ayes: 0. R. Brooks, R. L. Pearce, E R. Wright, and W. P. Underhill.
Days: None.
The foregoing resolution passed unanimously.