HomeMy WebLinkAboutResolution No. 013CITY OF MEDINA, TN.
RESOLUTION NO. 1:5
A REOLUTION giving instructions as to the designation of
depositaries and authorizing the negotiation and execution
of contracts therewith.
WHEREAS, the City is required by law to designate one or
more banks in the county wherein the City is located as deposi-
tary or depositaries of its monies; and
WHEREAS, it is desirable that contracts be made between the
City and such depositaries as to the amount of interest bearing
warrants to be accented by said depositaries and the interest
to be paid thereon,
Now therefore, THE CITY COUNCIL OF THE CITY OF NaDINA
DOES RESOLVE AS FOLLM :
Section 1. The City Treasurer or other person to whom
his responsibility may be delegated is hereby instructed
to designate the Pacific National Bank of Seattle by
and through its Bellevue Branch and the Seattle -First
National Bank by and through its Bellevue Branch hereto-
fore known as the Washington State Bank, .Bellevue Branch,
as depositaries of the monies of the City of Idedina.
section 2. Contracts Authorized. The City Treasurer
or other person to whom his responsibility may be
designated, is hereby authorized to negotiate and
enter into contracts with the depositaries aforementioned
for the acceptance of up to Ten Thousand Dollars(10,000)
in value of interest bearing warrants of the City by
each of said depositaries at an interest rate of not to
exceed four percent (4%).
THIS RESOLUTION adopted this 10th day of December, 1956.
ViI LLIAN9 E.PF: K, mlAYOR
Attest:
T3AxY FIT GEs LD, CI CLERK
i _ r
STATE OF WASHINGTON)
) 6®
COUNTY OF SING )
0 E R T I F I 0 A T E
I, the undersigned, Mary M. Fitzgenald, being the duly
appointed, qualified and acting Clerk of the City of Medina, Washington,
do hereby certify that the attached and foregoing Resolution No. ) 3
of the City of Medina was duly passed by the City Council on the
Ej day of k4 ca. , 195 & ; and
I further certify that said Resolution No. / 3 has not
been amended or repealed and the same, as of the date hereof, is in
full force and effect.
IN,WITNESS ITHE tEOF I have hereunto subscribed my same and
affixed the official peal of the City of Medina, Washington this
day of t. 195 b•
MARY M. FITZG 6SS1, CITY 0I=
( SEAL)