1945-07 Issuance of Time WarrantsThe following Resolution was pre sented by Councilman
Watford . who moved Its adoption, and
upon being seconded by Councilman
B. W. Thomas
was put to a vote and unanimously adopted;
RESOLUTION
WHEREAS, the Okeechobee County Bank, of Okeechobee,
Florida, and affiliates, has offered to purchase the November 1,
1945, Issue of Time Warrants of the City of Okeechobee, In the
amount of $12tOOO, and agrees to pay par, plus accrued Inter-
est, for said Warrants; and
WHEREAS, this Council is In immediate need of funds
for the purpose of completing necessary repairs to the water
system of said City; and
WHEREASP this Council has declared that an emergency
exists and believes the price offered by said Bank, and affill.
s.test is fair and reasonable and it is to the best interest
of saiel City that said Time Warrants be sold to said Bank, and
affiliateso at private sale, and
EAS, this Council Is authorized by law to dis.
pose of said Time Warrants by private sale; NOW, THEREFORE9
BE IT RESOLVED that the Issue of November 1, 1945, Time War-
rants, in the amount of $12,0009 be sold to said Okeechobee
County Bank, and affiliates, for the purpose above set forth
and delivery of said Warrants to be made as funds are needed
to complete the repairs to said water system.
Read a first time and by unanimous consent passed
- to & second reading.
Read a second time and by unanimous consent passed
to a third reading.
P
Read a third time and passed in open session of the
City Council this j.9 day of October,, A.D. 1945.
CITY OF OKEECHOBEE9 FLORIDA
Attest; LA.0� Presildent, City C)ouirrnioil
City Clark
The above and foregoing Resolu.-
tion is hereby approved by me
this Q day of October, A.D.
1945.
.M210