HomeMy WebLinkAboutR-1997-148 RESOLUTION NO. 148-97
A RESOLUTION OF THE CITY OF DANIA, FLORIDA, AUTHORIZING
AND DIRECTING THE FINANCE DIRECTOR-CITY CLERK TO SELL
COMMON STOCKS WITHIN ITS INVESTMENT PORTFOLIO; REPEALING
CONFLICTING RESOLUTIONS AND PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS, the City of Dania maintains within its investment
portfolio a number of common stocks which are identified in this
Resolution; and
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WHEREAS, the City of Dania has determined it is in the city' s
best interest from a financial perspective to sell the stocks and
invest the proceeds in accordance with Section 218 . 415, Florida
Statutes (1997) .
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF DANIA, FLORIDA:
Section 1. The City of Dania directs the Finance Director-
City Clerk to liquidate the following common stocks:
Lucent Technologies, Inc. 142 shares
Bell Atlantic Corporation 176 shares
AT&T Company 440 shares
Air Touch Communication 176 shares
Ameritech Corporation 132 shares
American Information Technologies Corporation 132 shares
BellSouth Corporation 396 shares
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Southwestern Bell Corporation 264 shares
U.S. West, Inc. 176 shares
U.S. West Media Group 176 shares
SBC Communications, Inc. (Pacific Telesis) 176 shares
Bell Atlantic (NYNEX) 176 shares
Section 2 . The proceeds from the sale of the above referenced
stocks shall be invested in accordance with Section 218.415 Florida
Statutes (1997) .
Section 3 . That all resolutions or parts of resolutions in
conflict herewith be and the same are hereby repealed to the extent
of such conflict.
Section 4 . That this resolution shall be in force and take
? effect immediately upon its passage and adoption.
PASSED AND ADOPTED THIS 14TH DAY OF OCTOBER, 1997 .
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AqAYOR-COAMI IOAR
ATTEST:
CLERK-AUDITOR
APP7 AS T FORM AND CORRECTNESS:
CITY AT ORNAY
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