HomeMy WebLinkAbout289 09-27-1966ORDINANCE NO. 289
AN ORDINANCE ADOPTING THE OFFICIAL BUDGET FOR THE
CITY OF EULESS FOR THE FISCAL YEAR BEGINNING OCTOBER
1, 1966s AND ENDING SEPTEMBER 34, 1967; PROVIDING FOR
THE INVESTMENT OF FUNDS; PROVIDING FOR PUBLICATION;
DECLARING AN EMERGENCY AND PROVIDING AN EFFECTIVE
DATE.
WHEREAS, the Euless City Council held a public hearing on its
proposed budget for the fiscal year beginning October 1, 1966, and ending
September 30, 1967, and
WHEREAS, all citizens and interested persons were given an
opportunity to be heard regarding the proposed budget and,
WHV,EAS, the proposed budget was on file in the office of the City
Secretary of the City of Euless, available to the citizens and the public
for their inspection. and
WHEREAS, due notice of such hearing on the budget was duly
published as required by the Euless City Charter and the laws of the State
of Toms, and
WHEREAS, at the conclusion of such hearing it was determined that
such budget should be adopted;
NOW, THBREFORB, BE IT ORDAINED BY THE CITY COUNCIL OF nil
CITY OF EULESS, TEXASs
Section I
That the official budget for the City of Euless for the fiscal year
beginning October 1, 1966, and ending September 30, 1967, bet and the
same is hereby adopted by the Euless City Council and the Euless City
Secretary is directed to keep and maintain a copy of such official budget
on file in the office of the City Secretary available for inspection by citizens
and the general public.
Section II
That all funds so appropriated and allocated shall be expended and
used pursuant t* the provisions of such official budget and the Euless City
Manager shall be directed to appropriate and expend City funds accordingly.
Section III
The City Manager is authorized from time to time as he may deem
to be in the best interest of the City of Euless to invest City funds not
immediately required for current use, including operating funds and bond
funds, in United Status Treasury Sills or in Certificates of Deposit, Time
Deposits and Savings Accounts in official City depositaries. All interest
earned and accrued from such investments shall be deposited in the general
fund.
The fact that the fiscal year begins on October 1, 1966, requires
that this Ordinance be effective upon its passage and adoption to preserve
the public peace, property, health and safety, and the rules requiring
Ordinances to be read and passed on two soparate dates is hereby sus-
pended and this Ordinance shall be 14 full force and. effect from and after
its passage and adoption, and publication as required by law.
ATTEST:
PASSED AND APPROVED this the 2_,, 7th day of September , 1966.
City secretary
APPROVED: �-
MAYOR