HomeMy WebLinkAboutResolution_11-87/88_05/26/1988 RESOLUTION NO. 11 -87/88
A RESOLUTION OF THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, FLORIDA, AUTHORIZING
THE INVESTMENT OF EXCESS VILLAGE FUNDS WITH
THE STATE BOARD OF ADMINISTRATION
WHEREAS, the Village of Tequesta from time to time has
funds on hand in excess of current needs, and
WHEREAS, it is in the best interest of the Village and
its inhabitants that funds be invested to return the highest
yield consistent with proper safeguards,
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF
THE VILLAGE OF TEQUESTA, FLORIDA:
Section 1. That the Village Manager, Thomas G. Bradford,
or his designee, be, and he is 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 Village of Tequesta. Such
authorization includes authority to withdraw funds from State
Board of Administration by giving timely notice and
appropriate confirmation.
Section 2. That this authorization shall be continuing
in nature until revoked by the Village Council.
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THE FOREGOING RESOLUTION was offered by Councilmember
William E. Burckart who moved its adoption. The
motion was seconded by Councilmember Edward C. Howell ,
and upon being put to a vote, the vote was as follows:
FOR ADOPTION AGAINST ADOPTION
Joseph N. Capretta
Ron T. Mackail
Edward C. Howell
William E. Burckart
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The Mayor thereupon declared this Resolution duly passed
and adopted this 26th day of May 1988.
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MAYOR OF TEQUESTA
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Ron T. Mackail
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ATTEST:
Bill , r -scav lis
Villago 'Cier.
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