292-Sales-Repurchase Agmt between SunBank & US Treasury Securities
11
This agreemlnt authorizes <iun Bank, National Association, ~cting as Aglnt of thl :t!;)
undlrsignld to purchasl '. thl account ofth. undl"1gn, by means of a s.lls- If/;fJ
repurchase agreement. the following types of marteltabll !l.....uri ties: t~(i8
. 1. U. S. Treasury Securities
2. U. S. Govlrnment Agc"cies
The securitfls used in a salls-repurchase agrttmlnt are safekept by Sun Bank.
National Association and may be substituted ~ith likl securities at any time. All
slcuritils are priced daily to assure that the principal and accrued interest value
of the securities arl in excess of monies invlstld in the transaction. In the event
of a defaulted transaction, customers would look to the general asslts of the bank
for satisfaction.
The sales-repurchase agreement will be IXlcuted with Sun Bank, National Association
upon instructions of the undersigned by tllephone or in person, and confirmation by
lettlr for each such purchase. Sun Bank, National Association is authorized to
charge the account(s) of the undlrsigned in payment of such purchasls and issue to
the undersigned advices of such charges, as follows:
Account NUlr'Glr
Account Tf tle
1.
0538000000140
City of Sanford
2.
General Fund
3.
ASSOCIATION
be determined for each agreement on the date of execution.
By:
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mmrv
Authorized Signatures:
SUN BANK ACCOUNT OFFrCER
SUN SANK OFFICE
Sun Bank, N.A. - Main Office
Mail; n9 Addres s
Customer Tax LD.# 59-6000425
Attn: Mr. Tarnrn
Dated:
Senternber 15, 1987
P. O. Box 1778
Sanford, FL 32711
This agreemlnt authorizes Sun Bank, National Association, acting as Agent of the
undersigned to purchase ( the account 0' the unde"igne~ by means 0' a sales-
repurchase agreement. the .allowing types 0' marteetable S Jr1ties:
1. U. S. Treasury Securities
2. U. S. Government Agc"cies
The securitfes used in a sales-repurchase agreement are safekept by Sun Bank,
National Association and may be substituted ~ith like securities at any time. All
securities are priced daily to assure that the principal and accrued interest value
0' the securities are in excess 0' monies invested in the transaction. In the event
of a defaulted transaction, customers would look to the general assets of the bank
for satisfaction.
rid \
/(<,:)1 J-i
The sales-repurchase agreement will be executed with Sun Bank, National Association
upon instructions 0' the undersigned by telephone or in person, and confirmation by
letter for each such purchase. Sun Bank, National Association is authorized to
charge the account(s) 0' the undersigned in payment 0' such purchases and issue to
the undersigned advices 0' such charges. as follows:
Account Nunmer
Account Tf tle
1.
0538000172669
City of Sanford
1986 Water & Sewer Revenue
2.
3.
interest rate will be determined for each agreement on the date of execution.
By:
Authorized Signatures:
SUN BANK ACCOUNT OFFICER
SUN SANK OFFICE
Sun Bank, N.A. - Main Office
Mailing Address
Customer Tax I.D.# 59-6000425
Attn: Mr. Tamm
P.O. Box 1778
Sanford, FL 32711
Dated:
September 15, 1987