HomeMy Public PortalAboutResolution No. 012-59 07-17-1959 01) RESOLUTION NO / - 9.
A RESOLUTION AUTHORIZING THE INVESTMENT OF 050,000.00 ON
CERTIFICATES OF INDEBTEDNESS DUE AUTUST 1, 1959, BEARING
1-5/8ths IBER CENT INTEREST TO BE INVESTED IN UNITED STATES
TREASURY NOTES TO BECOME DUE ON AUGUST 15, 1960 AT THE RATE
OF INTEREST AUTHORIZED.
WHEREAS, Certificates of Indebtedness due August 1, 1959, bearing 1-5/8ths
percent interest, mature and the same should be invested until needed,
and,
WHEREAS, it is to the best interest of the public in general that the
same should be used in the purchase of United States Treasury Notes
that will mature on August 15, 1960 :
BE IT RESOLVED that such 350, 000.00, that will be due on such
certificates on August 1, 1959 ..be invested by the purchase of United
States Treasury Notes at 4-3/4% to mature on August 15, 1960 at the
best interest available , such notes to be purchased and placed in the
Street and Drainage Funds of the Town of Richland, Hills, Texas.
Dated and passed this 17th day of July, 1959.
MAYOR
TOWN OF RIC HLAND HILLS.
ATTEST:
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'ECRETAR .