HomeMy WebLinkAbout26712 RESOLUTION NO 26712
RESOLUTION ADOPTING DESIGNATION OF DEPOSITORY BANKS AND
MAXIMUM AMOUNT OF DEPOSITS °
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO,
BLACK HAWK COUNTY,IOWA
that we do hereby designate the following named banks to be de-
positories of the City of Waterloo, Iowa,Black Hawk County, Iowa,
funds in amounts not to exceed the amount named opposite each of
said designated depositories and the City Treasurer,Waterloo,Iowa
is hereby authorized to deposit the City of Waterloo,Black Hawk
County,Iowa funds in amounts not to exceed in the aggregate the a-
mounts named for said banks as follows:
name of Depository Location Maximum Deposit in Maximum Deposit
effect under prior under this
resolution resolution
The National Bank Waterloo Iowa $15,000 ,000 .00 $25,000 ,000 .00
of Waterloo
The Waterloo Savings
Bank of Waterloo Waterloo,Iowa $15 ,000 ,000 .00 $25 ,000,000 .00
The Peoples Bank and
Trust Company Waterloo,Iowa $15 ,000 ,000 .00 $25,000 ,000 .00
Passed and approved this 7th day of January,1980 .
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1-1 o Leo P. Rooff,M ykDr
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Tom Campbell,Acting City Clerk
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