HomeMy WebLinkAbout309 09-26-1967ORDINANCE NO. 309
AN ORDINANCE ADOPTING THE OFFICIAL BUDGET FOR THE CITY
OF EULESS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1967
AND ENDING SEPTEMBER 30, 1968; PROVIDING FOR THE INVEST-
MENT OF FUNDS; PROVIDING FOR PUBLICATION; DECLARING AN
EMERGENCY AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, on September 26, 1967, the Euless City Council held
a public hearing on its proposed bu:'get for the fiscal year beginning
October 1, 1967, and ending September 30, 1968, and
WHEREAS, all citizens and interested persons were given an
opportunity to be heard regarding the proposed budget,and,
WHEREAS, 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 Texas, and
WHEREAS, at the conclusion of such hearing it was determined
that such budget should be adopted;
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF EULESS, TEXAS:
Section 1
That the official budget for the City of Euless for the fiscal
year beginning October 1, 1967, and ending September 30, 1968, be, and
the same is hereby adopted by the Euless City Council and the Euless �_i
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 in-
spection by citizens and the general public.
Section 11
That all funds so appropriated and allocated shall be
expended and used pursuant to the provisions of such official budget
and the Euless City Manager shall be directed to appropriate and
expend City funds accordingly.
ITEM II
Council Minutes September 26, 1967
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 States Treasury Bills or in Certificates of Deposit, Time
Deposits and Savings Accounts in official City depositories. All interest
earned and accrued from such investments shall be deposited in the general
fund.
Section IV
The fact that the fiscal year begins on October 1, 1967, 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 separate dates is hereby suspended
and this Ordinance shall be in full force and effect from and after its
passage and adoption, and publication as required by law.
PASSED AND APPROVED this the 26th day of September 1967.
APPROVED:
ATTEST:
�) MAYOR
G _
City Secretary
APPR: D AS TO FORM:
City Att rney
ITEM II
Council Minutes September 26, 1967