13649 RESOLUTION NO. 13649
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA,
that Resolution No. 11257 be and the same is hereby amended to read as follows:
"BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH,
FLORIDA, that The Miami Beach First National Bank, Barnett Bank of Miami
Beach, N.A. , The City National Bank of Miami Beach, Carner Bank of Miami
Beach, Jefferson National Bank of Miami Beach, and Pan American Bank of
Miami Beach, be and they are hereby made depositories for funds of the
City of Miami Beach, Florida,
Provided, however, that at all times there shall be retained on
deposit a minimum of Twenty-Five Thousand Dollars ($25,000.00) in each
of the said depositories.
Further provided that, unless otherwise specified, and with
the exception of heretofore designated specific accounts, all deposits
by the City shall be interest bearing time deposit accounts.
BE IT FURTHER RESOLVED that City funds in the total amount of
Ten Thousand Dollars ($10,000.00) shall be at all times maintained in
investment share accounts of each of the following Federal Savings
and Loan Associations in the City of Miami Beach:
American Savings and Loan Association
Chase Federal Savings and Loan Association
Fiaandal -Federal„ Sevinsas ,and. Loge-Ass,QQi_gtlQn._.
Washington Federal Savings and Loan Association
BE IT FURTHER RESOLVED that all resolutions in conflict herewith
are hereby rescinded and repealed. ”
PASSED AND ADOPTED this 28th day of June, 1972.
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Mayor
Attest:
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City Clerk-Finance Director