RESOLUTION 2005-14
MOVE CD'S TO NEW MEXICO TREASURER FUND'S
WHEREAS, the CD's at Pioneer Saving and Loan; and First Federal Bank,
the Governing Body approves the transfer of each CD fund to New Mexico
Treasurer's Fund upon maturity and;
WHEREAS, the interest rate of the CD's will increase by transferring
the funds to the New Mexico Treasurer's Funds and the possibility of
getting lower interest rates on loans from the New Mexico Finance
Authority and;
WHEREAS, the Governing Body in and for the Village of Capitan, State of
New Mexico meeting in a special session on the 19th day of April 2005
approves the transfer of CD funds from Pioneer Saving and Loan and
First Federal Bank upon maturity dates of each CD to the New Mexico
Treasurer's Fund.
NOW THEREFORE, BE IT RESOLVED THAT THE GOVERNING BODY OF THE VILLAGE OF
CAPITAN, authorize the transfer of each CD fund upon maturity date to
the New Mexico Treasurer's Fund.
DONE, PASSED AND APPROVED by the Governing Body of the Village of
Capitan Lincoln County, New Mexico on this 19th day of April 2005.
Steven M. Sederwall, Mayor
ATTEST:
Anna Gail Grassie, Village Clerk/Treasurer
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Page Created Febuary 09, 2005