HomeMy WebLinkAboutR1954-04 Resolution Concerning Bonds RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
THE COUNTY OF EAGLE AND STATE OF COLORADO
• WHEREAS, the County Treasurer of Eagle County, Colorado has in his
possession certain United States Savings Bonds, Series G., dated August 24,
1942, principal becoming due and payable Twelve (12) years from date thereof,
said notes being numbered V133460G to V133465G, inclusive, in the principal
amount of Five Thousand Dollars ($5,000.00) each, or an aggregate principal
sum of Thirty Thousand Dollars ($30,000.00), and
WHEREAS the said bonds became due and payable at maturity date on
August 24, 1954, and
WHEREAS it is the desire of the Board of County Commissioners that these
bonds be redeemed and the principal shall be reinvested, and
WHEREAS the above amounts represent funds and monies of the County of
Eagle, State of Colorado,
BE IT THEREFORE RESOLVED That the Treasurer of Eagle County, Colorado
lebe, and hereby is, authorized to submit the aforementioned bonds for redemp-
tion through the First National Bank of Eagle County, eagle, Colorado, to
the Federal Reserve Bank, Denver Branch.
IT IS FURTHER RESOLVED That the County Treasurer of Eagle County, Colo-
rado, upon the receipt of the principal amount of the aforementioned bonds,
being the sum of Thirty Thousand Dollars ($30,000.00), shall reinvest the said
monies of Eagle County, Colorado in an amount not to exceed Twenty-eight
Thousand Eight Hundred Dollars ($28,800.00), in United States Savings Bonds,
Series J. in units of Three Thousand Six Hundred Dollars ($3,600.00) each, and
that the remainder of the monies, in the amount of One Thousand Two H»ndred
Dollars ($1,200.00) be deposited in the First National Bank of Eagle County,
Eagle, Colorado, a depository heretofore approved and designated by written
resolution, duly adopted by a majority vote of the Board of County Commissioners
. of Eagle County, Colorado, all pursuant to Chapter 114 of the "Session Laws of
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Colorado, 1941."
READ, CONSIDERED, PASSED AND APPROVED This 7th day of September, A. D.,
• 1954•
THE BOARD OF COUNTY COMMISSIONERS OF
EAGLE COUNTY, STATE OF COLORADO
airman
Commissioner
Commissioner
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