72-07
RESOLUTION NO . 7 2-7
WHEREAS, the City Treasurer of the City of Atlantic Beach,
Florida, finds ,that from time to time there are surplus
monies not immediately needed in various 'municipal accounts
and
WHEREAS, the City, Treasurer of the City of Atlantic Beach
has reported ahis fact to the Mayor-Commissioner and other
City Officials, and '
WHEREAS, it is in the best interest of the citizens of the
City of Atlantic Beach, Florida, that .these surplus monies
be invested from time to time in short term interest bearing
securities;
NOW, THEREFORE, BE TT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF ATLANTIC BEACH;
1. That the City Treasurer, in conjunction with the Mayor-
Commissioner, be authorized to invest such surplus
monies not immediately, needed, in interest bearing
securities or~accounts.~
2. That the City Treasurer, in conjunction with the Mayor-
Commissioner, be 'limited in their investments to invest
in fully guaranteed accounts, government or governmental
agency securities or accounts.
Adopted by the City Commission of the City of Atlantic Beach,
Florida, on the '14th day of February 1972.
ATTEST;
(Seal)
Adele S. Grage
~"""""~; City Clerk