HomeMy WebLinkAboutResolution No. 063CITY OF MEDINA, WASHINGTON
RESOLUTION NO. 63
A RESOLUTION authorizing investments in the First Federal Savings
& Loan Association, Fort Angeles, Washington; First Federal Savings
& Loan Association, LongviewWas WasWashhington;is Firstunty Federal
Loan Association, Chehalis, g g
Savings & n Loan Association,
andderal Highlinev SavvingsL&aLoan
Association, g
Association, Burien,,Washington.
WHEREAS, the City is authorized by law to invest inactive
funds, or City monies in
excess 5of its current needs in savings
and loan associations, (ROW
WHEREAS, the institutions here designated and the savings
and loan associations previously designated by Resolution No. 36
and No. 56 permit of investment in each such institution of up
to $10,000 of each statutory fund of the City which investments
are insured by the Federal Savings & Loan Insurance Corporation,
an agency of the United States,
Now, therefore, THE CITY COUNCIL OF THE CITY OF MEDINA DOES
RESOLVE AS FOLLOWS:
Section 1. The City Treasurer, or other person
to whom his responsibility may be delegated, is
hereby authorized to invest up to 010,000.00 of
each statutory fund of the City in each or any
of the following institutions:
First Federal Savings & Loan Association
Fort Angeles, Washington
First Federal Savings & Loan Association
Longview, Washington
Lewis County Savings & Loan Association
Chehalis, Washington
Evergreen First Federal Savings & Loan Association
Chehalis, Washington
Centralia Federal Savings & Loan Association
Centralia, Washington
Highline Savings & Loan Association
_. Burien, Washington
THIS' RESOLUTION adopted this 14th ay of Tune, 5.
THORNTON THOMAS, Mayor
AST;
BERNICE SOWDEN, City clerk
�w".,gcrcby certify that I am the C!`�y Cf.,
flaiic C._,, of h efma; ISat annened hereto is 0panee rdiNo.-)P ro,
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a brue and c rre:f copy of such ord' a ce Which as .published and
Posted according to the laws of the State of VJashingron relating to third -,ass
cities 6egmmmg five days. or more before its effective date
11 City Clerk
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