Resolution 86-571RESOLETION NO. 571
ESOLUTION OF THE CITY COMMISSION Or THE CITY
OF ONGWOOD, FLORIDA,THEI" RANSMIT FN.A. OF
T
O BE INVESTED ACCORDING TO THE
PLICABLELAGE O FLORIDA CONSISTENT
WITH THE NEEDS OF I—EN.OD. FLORIDA.
WHEREAS, the City of Longwood, Florida, from time to time
has funds on hand in excess of current needs; and
WHEREAS, it is in the best i ntecest of the City of LI.9.1bd
and its inhabitants that funds be invested t0 retorn the highest
yield consistent with proper safeguards,
NOW, THEREFORE, B CITY COMMISSION OF
THE CITY OF LONGWOOD, FLORIDA, AS FOLLOWS:
1. That the Finance Di re. tox be, and he is hereby authorized
t0 transmit such funds t0 the State Bnard of Administration to be
invested according t0 applicable laws of the State of Florida,
consistent with the needs of the City of Longwood. Such authorization
includes authority to withdraw funds from State Eoard of Adminis-
t ration by giving trmely notice and confirmation by letter.
2. That this authorization shall be continuing in nature
until revoked by the City Commission of the City o£ Longwood, Florida.
THIS—0LOTION INTRODUCED AND ADOPTED by the City Commission
Of the City of Longwood, Florida, at its regular meeting on
September 15, 19 BE.
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Mayor, ity of L .
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