HomeMy WebLinkAboutResolutions - R-76-15 - 11/29/1976 - City Fund Depository 114,(1.:Ap R-76)- 15
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 bank or banks, or other depository, in
which the funds and moneys in the custody of WILLIAM BRDA as CITY
TREASURER may be deposited.
NOW, THEREFORE, Be It Resolved by the CITY COUNCIL, CITY OF McHENRY,
that:
THE FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF CRYSTAL
LAKE -- McHENRY BRANCH and MARENGO FEDERAL SAVINGS
AND LOAN ASSOCIATION -- McHENRY BRANCH
are hereby designated depositories in which the funds and moneys of the
CITY OF McHENRY IN THE CUSTODY OF WILLIAM BRDA 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 last two 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 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 TREASURER shall not be discharged from responsibility for any
such funds or moneys depositied 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 such
statements are approved and accepted.
I HEREBY CERTIFY the above is a true copy of the Resolution passed by
the CITY COUNCIL, CITY OF McHENRY, ILL. at a meeting held on the 29th
day of NOVEMBER, 1976, and now on file in my office.
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Barbara E. ,Gil in City1erk
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