812 RES BEEN CALLED TO ATTENTION OF CITY COUNCIL BY CITY MANAGER THAT REVENUE BOND CONTINGENCY AND IMPROVEMENT FUND IS UNINVESTED0
RESOLL'TIvN N0. 812
0
uuHEREAS, it hGs been called to the attention of the City Council of
the City of Faris, by the City ivlanGger, :-,lbert K. Steinheimer, thGt he has
in the Revenue Bond Contingency and Improvement i'und, $6,500.002 which is un-
invested; and,
tiuHE:z.E11S, this investment, in a savings and lcan account with the iirst
iederal Savings Gnd Loun _,ssociation, will pay the highest returns of any
luwful investrnent for such funds; TI-iL',EFORE,
BE IT nESI":;LVED BY THE CITY QOUNCIL OF T'rIE CITY 0F PAiiIS, ThGt the
City Cleric, H. C. Kennerner, and the City Ivian~ger, ;~lbert K. Steinheimer2 be,
und they Ure nereby authorized and directed tc invest the sum of $6,500.00~
irom the rtevenue Bond Contingency Und Improvenent :Fund, in the rirst i=ederUl
Sa,,Angs und Loan :;ssociUtion of the City of Faris~ Texas, which inJestment
shall be made subject to c411.
Fassed Gnd Gdopted this llth day of _%,u.-ust, D. ~ 1958.
iu1ayor Pru Tem
ATTEST
, City Clerk
~
APPR,~VED .'~S TG r.: :i,Jt: ~
City yttorn~y.
r