HomeMy WebLinkAboutResolutions - RS-96-18 - 09/18/1996 - Designating Bank DepositoriesRS-96-18
R E S O L U T I O N
WHEREAS, pursuant to the terms of an Act of the General Assembly of the
State of illinois adopted and now in force and effect, it is required that a
designation be made of a bank or banks, or other depository in which the funds
and monies in the custody of Lillian Cairns, as City Treasurer of the City of
McHenry may be deposited.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and City Council of the City
of McHenry, Illinois that:
First National Bank of McHenry
McHenry Savings Bank
McHenry State Bank
First of America Bank (IPTIP), Springfield, IL.
LaSalle National Trust, N.S. (formerly Comerica Bank)
Chicago, IL
Home State Bank, McHenry
are hereby designated depositories in which the funds and moneys of the City
of McHenry, Illinois in the custody of Lillian Cairns as City Treasurer may be
deposited.
BE IT FURTHER RESOLVED that no bank herein designated as a depository
shall be qualified to receive such funds or moneys until it has furnished the
City Council of the City of McHenry, Illinois with copies of the two last sworn
Statements of Resources and Liabilities, which such bank is required to furnish
to the Auditor of Public Accounts, or to the Comptroller of Currency; and
BE IT FURTHER RESOLVED that each bank designated as depository for such
funds or moneys shall furnish the City Council of the City of McHenry with a
copy of all bank statements, which it is required to furnish to the Auditor of
Public Accounts, or the Comptroller of Currency, while acting as such
depository; and
BE IT FURTHER RESOLVED that if such funds or monies are deposited in a
bank herein designated as a depository, and amounts of such deposits shall not
exceed 75% of the capital stock and surplus of such bank, and the City of
McHenry, Illinois shall not be discharged from responsibility for any such
funds or moneys deposited in any bank in excess of such limitations.
BE IT FURTHER RESOLVED that the depositories mentioned herein have
furnished that body with copies of their past two statements as furnished to
the Comptroller of Currency, or Auditor of Public Accounts, which statements
are approved and accepted.
PASSED this 18th day of September, 1996.
AYES: Bolger, Locke. Bates.Lawson.BMTTI
NAYS: None
ABSENT: None
NOT VOTING:
ABSTAINED: None
APPROVED this 18th day of September, 1996.
ATTEST
Mayor
ity C1