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HomeMy WebLinkAboutR1943-07 Purchase of "C" and "G" Bonds 1.117 )a RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF EAGLE AND STATE OF COLORADO iWHEREAS, under the terms and conditions of Chapter 114 of the Session Laws of Colorado, 1941, it is found that the County Treasurer of Eagle County has funds and moneys which in the opinion of the Board of County Commissioners of Eagle County could well be and should be invested in bonds of the United States, and; WHEREAS, the Board of County Commissioners of Eagle County, Colorado, have in the past advised the Treasurer to so invest the funds and moneys of whatsoever kind that shall come into his possession by virtue of his office as such County Treasurer in bonds of the United States, and; WHEREAS, the County Treasurer did invest in bonds Numbered 878 to 881 inclusive in 7/8% United States Treasury Certificates of Indebtedness the sum of Twenty Thousand Dollars ($20,000) , and; WHEREAS, it is found advisable at this .time to sell the above United States Treasury Certificates of Indebtedness and reinvest same in other bonds of the United States, and; WHEREAS, it is believed advisable at this time to authorize the Treasurer of Eagle County, Colorado, to invest an additional Thirty Thousand Dollars (; 30 ,0001 of the funds and moneys in the possession of the County Treasurer by virtue of his office as such County Treasurer, and; WHEREAS, The First National Bank of Eagle County, Ea,-le, Colorado, and The First National Bank of Glenwood Springs, Glenwood Springs, Colorado, have heretofore been designated as the approved banks in the State of Colorado in which proceeds, moneys and funds of Eagle County shall be deposited. IT IS THEREFORE RESOLVED THAT The County Treasurer be and he hereby is authorized to sell and reinvest Nos. 878 to 881 inclusive for Five Thousand Dollars ( 5,000) each or- a • S I.. • -2- total sum of Twenty Thousand Dollars (: 20,000)and purchase 111 from the proceeds thereof Series "G" and :series "C" bonds of the United states. IT IS FURTHER RESOLVED That said County Treasurer shall invest the funds and moneys of the County of Eagle in the sum of Thirty Thousand Dollars (430,000) , in addition to the above, in Series "G" and Series "C" bonds of the United States of America. Read, considered, pas:=ed and approved this 7th day of September A. D. 1943. BO_1.n zD OF COU!` fir �.:' MMISSIONLRS OF Tfr l COUN ONE ACLE AI,D STATE OF COLORADO Aft SChai • sa ago Cornmissio/-r • Itrlifirwit ,;k, - A,&A •mm s. oner Attest: vrn Clerk of the oard • -2- olk • • • Q cn la' 0 o Cf p • L-4 ri) P. al 1-3 0 0 1-11 a