1945-03 Purchase Time WarrantsLn
R E S 0 L U T 1 0 N
The following Resolution was -presented by Councilman
who moved its adoption, and upon
being seconded by Councilman was
put to a vote and unanimously adopted:
RESOLUTION
WHEREAS, the Okeechobee County Bank, of Okeechobee,
Florida, end affiliates, has offered to purchase Time Warrants
in an amount not exceeding $12,000 and agrees to pey par,
plus accrued interest, for said Time warrants; and
WHEREAS, this Council is in need of funds as quickly
as possible for the purpose of having the water system of
said City repaired; and
WHEREAS, this Council has declared that an emer-
gency exists and believes the price offered by said Bank,
end affiliates, is as good as could be obtained by disposing
of said Time Warrants at public sale; and
WHEREAS, this Council is authorized by law to dis-
pose of said Time Warrants by private sale
NOW, THEREFORE, BE IT RESOLVED that Time Warrants
in the amount of $12,000 be sold to said Okeechobee County
Bank, and affiliates, for the price above set forth and
delivery to be made immediately.
Read 9. first.time and by unanimous consent passed
to a second reading.
Read a second time and by unanimous consent passed
to a third reading.
Read a third time and passed in open session of
the City Council this day of March, A.D. 1945.
Attest: CITY OF OKEECHOBEE, FLORIDA
City Clerk Pi6siffint, City Council
The above and foregoing Ordinance is hereby approved
by me this day of March, A.D. 1945)
Mayor