HomeMy WebLinkAboutResolution No. 071CITY OF MEOINA, WASHINGTON
RESOLUTION NO. 71
A RESOLUTION authorizing investments in the Metropolitan Federal Savings and
Loan Association, Seattle, WashingtonA
WHEREAS, the City is authorized by law to invest inactive fundsi or City
monies in excess of its current needs in savings and loan associations,
.1 (RCW 33.52.010) ; and
WHEREAS, the institution here designated and the savings and loan
associations previously designated by Resolution. No. 36 and No. 56 and No. 63
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 DOTS 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 $10,000.00 of each statuatory fund of the City in -
the following institution:
Metropolitan Federal Savings & Loan Association
Seattle, Washington
THIS RESOLUTION adopted this day of 1966
ATTEST:
T1:ORNTON THOMAS, Mayor
4B�FM�NEWDEN, City Clerk
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