1961-05 (Federal S & L Charter)i
Whereas, a delegation of citizens of Okeechobee County,
Florida, have appeared before the City Council of the city of
Okeechobee and informed said Council of their efforts to organize
a Federal Savings & Loan Association in Okeechobee County, and
that an application for Charter has been made by them to the
Federal Home Loan Bank Board, Washington, D. C.; and
Whereas, the population and growth of the city of Okeechobee
has approximately doubled during the 10 -year period from 1960 to
1964 and it is anticipated that this rine of growth will continue
during the next 10 years and therefore a Federal Savings & Loan
Association is needed in Okeechobee County to aid in the orderly
and progressive growth of the community and to serve its citizens;
and
Whereas, this Council recognizes the need of a Federal
Savings & Loan Association within Okeechobee County and further
recognizes that the nearest Federal Savings & Loan Association
serving the Okeechobee area is approximately 40 wiles away
AiOWt 7WRBFORB, Be it resolved by the City Council of the
city of Okeechobee that the City Council hereby endorses said
Application for Charter of a Federal Savings & Loan Association
in Okeechobee County and hereby respectfully requests the Federal
Home Loan Bank Board, Washington, U. C, to approve said Charter
Application.
Passed and adopted by unanimous vote of the City Council of
the city of Okeechobee, Florida, this 7th day of November, 1961.
ATTEST:
T i r
City Clerk
City of Okeechobee