HomeMy WebLinkAboutResolutions - R-75-9 - 05/05/1975 - City Funds Depository - . R- D
RESOLUTION
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 bark or banks, or other depository in which the
funds and moneys in the custody of TH FSA A. WILDE as
CITY CTPX & CITi'Y COJ,LCTOR may be deposited.
CITY COUNCIL
-.NOW, T"� '� n -RT DI=OTC2S Mc-HENRY,
THEREFORE, Be It Resolved by the ?��,:--s ��_:=,,,_,,...,. CITY OF
that: )x
McHenry State Bank, McHenry Savings & Loan Association and The First
!,,aior-al Bank of McHenry, I it incis
are hereby designated depositories in which the funds and moneys of the
CITY OF KcHENRY, ILLI OIS in the custody of '1daR.ESA A. WILDE
as CITY CLERE & CITY COLLECTOR 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 COUNC I LA0��T1 'o-o,+-, CITY OF .I'LcHEEFZ, ILL.wi th 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 ?^_' CF DIRT: CITY with a
copy of all bank statements, which it is required to furnissnLto 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 money are deposited in a bank
herein designated as a depository, the amounts of such deposits shall not
exceed 75% of the capital stock and surplus of such bank, and the
CITY COUNC I LLO D C_ 2I_2 72C2R OF Th N•CITY OF.NcNN RY, ITLLINOIS shall not be
discharged from responsibility 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 accepted.
I J ;R BY CERTIFY the above is a true copy of the Resolution passed by the
CITY COUNCIL CAD Cr D1113C 3 S OF THE CITY OF NCT-ITTNRY, IT,T,TNOIS at a meeting held
on the 5th day of May , 1975 , and now on file in
my office.
S-30A
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