HomeMy WebLinkAbout1982-009-01.04.1982 RESOLUTION NAMING DEPOSITORIES RESOLUTION NO. ( ):2 —
IowiOfficial-Fornf No:697 Section 453.2 of the Code
BE IT RESOLVED by the CITY COUNCIL
of
(Insert here board of supervisors,township trustees,board of school directors,city council,or other governing body)
CITY OF WATERLOO BLACK HAWK
in County, Iowa: That we do hereby designate
(Insert here county,township,school district,city,or other political subdivision)
the following named banks to be depositories of the CITY OF WATERLOO, IOWA
(Insert here county,township,school district,city,or other political subdivision)
funds in amounts not to exceed the amount named opposite each of said designated
depositories and the CITY TREASURERis her yy auth
(Insert here county treasurer,township clerk,school district treasurer,city treasurer,or other egalcustodian)orized to deposit
the CITY OF WATERLOO, IOWA funds in amounts not to exceed in the aggregate the
(Insert here county,township,school district,city,or other political subdivision)
amounts named for said banks as follows,to-wit:
NAME OF DEPOSITORY Maximum Deposit Maximum Deposit
LOCATION in effect under prior under this
resolution resolution
THE NATIONAL BANK OF WATERLOO - WATERLOO, IOWA ($ 25,000,000.00 ) $ 35,000,000.00
THE WATERLOO SAVINGS BANK - WATERLOO, IOWA ($ 25,000,000.00 ) $ 35,000,000.00
THE PEOPLES BANK & TRUST COMPANY - WATERLOO, IOWA ($ 25,000,000.00 ) $ 35,000,000.00
($ ) $
($ ) $
($ ) $
($ ) $
($ ) $
($ ) $
($ ) S
($ ) $
($ ) $
The vote on the resolution is as follows:
AYES: NAYS:
DOWIE
BURTON
BOWERS
GETTY
PENALUNA
ROEHR
WILHARM
Dated at WATERLOO ,Iowa,this 4 TH d f JANUARY , 1982
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NOTE: The foregoing resolution should be certified in duplicate to the Treasurer of State, . eid7 approved by him findings will be endorsed on
one copy,which will be returned to the proper officer for his files.
Section 453.1 Deposits in general. All funds pital commission; for a school corporation, by section 524.103.
held in the hands of the following officers or the board of school directors; provided, how- Section 453.3 Increase conditionally pro-
institutions shall be deposited in banks as are ever, that the treasurer of state and the trea- hibited. The maximum amount so permitted to
first approved by the appropriate governing surer of each political subdivision shall invest be deposited in a named bank shall not be in-
body as indicated: For the treasurer of state, all funds not needed for current operating ex- creased except with the approval of the trea-
by the executive council; for the county trea- penses in time certificates of deposit in banks surer of state.
surer, recorder, auditor,sheriff,township clerk, listed as approved depositories pursuant to this Section 454.6 Duty of treasurers. It shall be
clerk of the district court, and judicial magis- chapter or in investments permitted by section the duty of all school treasurers, city trea-
trate, by the board of supervisors; for the city 452.10. The list of public depositories and the surers, or other financial officers designated by
treasurer, by the city council; for the county amounts severally deposited therein shall be a the city council, and township clerks of the
public hospital or merged area hospital, by the matter of public record. The term "bank" county to keep on file with the county trea-
board of hospital trustees; for a memorial hos- means a bank or a private bank, as defined in surer a list of such depositories.
CP-C45647 9/7E