1982-04 Excess FundsRESOLUTION NO. 82_4
WHEREAS, the City of Okeechobee from time to time has funds on hand in excess
of current needs,
NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:
1. That the City Administrator and Finance Officer be, and they are hereby
authorized to transmit such funds to the State Board of Administration to be
invested according to applicable laws of the State of Florida consistent with the
needs of the City of Okeechobee. Such authorization includes authority to with-
draw funds from State Board of Administration by giving timely notice and confirma-
tion by letter which is to be signed both by the City Administrator and the Finance
Officer.
2. That this authorization shall be continuing in nature until revoked by the
City Council.
THIS RESOLUTION INTRODUCED AND ADOPTED by the City Council at its regular meet-
ing on June 8, 1982.
Mayor
/.'VWY�VL�YW