HomeMy WebLinkAboutResolutions - R-50-2 - 05/15/1950 - Depository for City Funds 5�15,5o R_so-a
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STATE OF ILLINOIS )
) SS:
COUNTY cip.14c Henry )
RESOLUTION
THOMAS F. BOLGER, City Treasurer of the City of McHenry
WHEREAS, , pursuant to the terms of an Act of the General Assembly
of the State of Illinois adopted and now in force and effect, has requested this
City Council to designate a Bank or Banks, or other depository
in which the funds and moneys in his custody as City Treasurer
may be deposited.
NOW, THEREFORE, Be It Resolved by the City Council
in said County and State, that:
McHenry State Bank
McHenry, Illinois
are hereby designated depositories in which the funds and moneys of the said City
in the custody of Thomas F. Bolger , 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
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 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 moneys are 4epositad- in a Bank
herein designated as a depository, the amounts of such deposits shall not exceed
75% of the Capitol Stock and Surplus of such Bank, and the Uity Treasurer
shall not be discharged from responsibil-
ity for any such funds or moneys deposited in any bank in excess of such limitation.
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 ac-
cepted.
I hereby certify the above is a true copy of the solutic assed by the
City/Council at a meeting held on the f' • ay f ay
19 p , and now on file in my office.
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8 S 37405
The undersigned, THOMAS F. BOLGER
as City- Treasurer of the City of McHenry
does, in accordance with an Act of the General Assembly adopted
and now in force and effect, hereby request the City Coukail
to designate depositories in which monies received by him as such
City Treasurer may be deposited.
SIGNED