1948-03 Transfer of FundsR I a 0 L H T 1 0 M.
WHEREAS, There Is on deposit in the Okeechobee County
Bank certain funds which are pledged for the payment of
certain Time Warrants which were held by tthe Okeechobee
County Bank and otheres.. and
WHEREAS, al; of said Time Warrants have been fully
paid and satisfied, and
Whereas there is on deposit certain funds In said
Okeechobee County Bank to the credit of NWATER REVENUE FUND*,
of the city of Okeechobee, Florida, and
WHEREAS the city of Okeechobee is required by Ordinance
to retain In said *Fund*, only the sun of FIVE THOUSAND DOLLARS,
and is authorized to expend for general Improvements to streets
and Water Plant all said funds In excess of the sum of $5..000-00,
NOW, THEREFORE BE IT RESOLVED that the clerk of said City
of Okeechobee, Is hereby authorized to transfer all Sands
now on deposit In said Okeechobee County Bank to the credit
of UTILITY I M -I & S UTILITY FUND- all funds on depolt
0
to the credit of the 1945 Time Warrant I & S Water Fund
and save and excepting the sum of Five Thousand Dollars,all
funds now on deposit in said Bank to the credit of the newly
created *water Revenue FundO,, to the General Fund of said
city of Okeechobee, Florida.
r il;4D AT REGULAR ADJOURNED SESSION of the city
Council of Okeechobee , Florida, on theJ,�r-� day of March,
194,94
Member city lcouxllcilj
ATTEST:
Z4�-.�.
city Clerk
ApprovQd by mOp this the 8th day of IlUX011, A. D. 1948.
Mayor