HomeMy WebLinkAbout1990-001-01.02.1990 RESOLUTION NO. 1990-1
RESOLUTION NAMING DEPOSITORIES FOR THE CITY OF
WATERLOO, IOWA.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WATERLOO, IOWA, that we do hereby designate the following to
be depositories of the City of Waterloo, Iowa, funds in the
amount not to exceed the amount named opposite the
depository and the Clerk/Auditor/Treasurer is hereby
authorized to deposit the City of Waterloo, Iowa, funds in
amounts not to exceed the aggregate amount named for said
financial institutions as follows, to-wit:
Maximum Deposit Under
Name of Depository Location This Resolution
John Deere Community
Credit Union Waterloo, IA $ 2,000,000. 00
The National Bank of Waterloo Waterloo, IA 35,000,000.00
The Waterloo Savings Bank Waterloo, IA 35,000,000. 00
The Peoples Bank & Trust Co. Waterloo, IA 35,000,000. 00
Statesman Bank Waterloo, IA 5,000,000. 00
Public Employees Credit Union Waterloo, IA 100,000. 00
MidAmerica Savings Bank Waterloo, IA 2,000,000. 00
and,
BE IT FURTHER RESOLVED that Resolution No. 1988-654 be
hereby rescinded.
PASSED AND ADOPTED this 2nd day of January, 1990.
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Bernard L. Mi ley, Mayor
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ATTEST:
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Burger City Clerk/Auditor