R-354-55 RESOLUTION NO. 354
It appearing to the Council that there are on deposit to the
credit of MIAMI SHORES VILLAGE in the various banks funds in
excess of current operating requirements which are not drawing
interest and that such excess funds should properly be invested in
short term obligations of the Federal Government;
THEREFORE, BE IT RESOLVED BY MIAMI SHORES
VILLAGE that the Village Manager be and he is hereby authorized
and directed to purchase and sell in the name of the. Village, on such
terms as are for the best interest of the Village, bills, or other
obligations of the United States of America, with the highest rate of
interest to the Village, and obligations which shall mature in not
more than ninety-one days.
PASSED AND ADOPTED this 6th day of December, A.D.
1955.
Mayor
ATTEST:
411�ageClerk