HomeMy WebLinkAboutResolution No. 112T
CITY OF MEDINA, WASNSNGTON
RESOLUTION No. 112
A RESOLUTION authorizing investments in the:
First Mutual Savings and Loan - Bellevue, Washington
Pacific First Federal Savings and Loan Association - Bellevue, Wash.
Washington Federal Savings and Loan Association - Kirkland, Wash.
Franklin Savings and Loan Association - Bellevue, Washington
Citizen's Federal Savings and Loan Association - Bellevue, Wash.
WHEREAS, the City is authorized by law to invest inactive funds, or
City monies in excess of its current needs in savings and loan associations,
(RCW 33-52.010); and
WHEREAS, the institution here designated and the savings and loan
associations previously designated by Resolutions No. 27, 36, 56, 63 and 71
permit of investment in each such institution of up to $20,000 of each
statutory fund of the City which investments are insured by the Federal
Savings and Loan Insurance Corporation, an agency of the United States,
Now, therefore, THE CITY COUNCIL OF THE CITY OF MEDINA DOES RESOLVE
AS FOLIOWS:
Section 1. The City Treasurer, or other person to whom his
responsibility may be delegated, is hereby authorized to
Invest up to $20,000 of each statuatory fund of the City in
the following institutions:
First Mutual. Savings and Loan - Bellevue, Washington
Pacific First Federal Savings and Loan
- Bellevue, Washington
Washington Federal Savings and Loan Association
- Kirkland, Washington
Franklin Savings and Loan Association
- Bellevue, Washington
Citizen's Federal Savings and Loan Association
- Bellevue, Washington
THIS RESOLUTION adopted this // Ct- day of Ai.L,1972
ROGER
ATTEST:
joaw Smith- City Clerk
I' ------ --- hereb mrti that I am the City Clerk
of the City of Medina; that annexed hereto//1
ENTITLED:---""-�',/t—'--
c:r.9 the !mx aa:� :.;r: ecl cc,y :; such ord.-,; pob!ished and
posted xccrdia9 to l!:a la.,s ,.! I':c State of '•: _. ;r; ,, resfimto i4ird-lass
cilivs beglnnine five days cr r.u;c be''or H. ef:c-1. ve/d/Aet_e.
City Clerk ...�