HomeMy WebLinkAbout1987-275-06.01.1987 `7 t� C
RESOLUTION NO. 1987-275
1-1
RESOLUTION AUTHORIZING EXECUTION OF ANNUAL CONTRIBUTIONS
0 0 • CONTRACT.
WHEREAS, the City of Waterloo, Iowa (herein called the "Local
Authority" ) proposes ( 1 ) to enter into an Annual Contributions
Contract (herein called the "Contract" ) with the United States of
America (herein called the "Government" ) ; and ( 2 ) to enter into an
agreement (herein called the "General Depository Agreement" ) with
one or more banks, each of which is a member of the Federal
Deposit Insurance Corporation; all with respect to any "Project"
as defined in the Contract and which at any time now or hereafter
is incorporated under the terms of such Contract.
NOW, THEREFORE, BE IT RESOLVED by the Local Authority as
follows:
Section 1 . The Contract, as prepared by the Government, is
hereby approved and accepted both as to form and substance and the
Chairman is hereby authorized and directed to execute said
Contract in quadruplicate on behalf of the Local Authority, and
the Secretary is hereby authorized and directed to impress and
attest the official seal of the Local Authority on each such
counterpart and to forward said executed counterparts to the
Government together with such other documents evidencing the
approval and authorizing the execution thereof as may be required
by the Government.
Section 2 . Whenever the following terms , or any of them, are
used in this Resolution, the same, unless the context shall
indicate another or different meaning or intent, shall be
construed, and are intended to have meanings as follows:
( 1 ) The term "Resolution" shall mean this Resolution.
( 2) All other terms used in this Resolution and which are
defined in the Contract shall have the respective
meanings ascribed thereto in the Contract.
Section 3 . This Resolution shall take effect immediately.
PASSED AND ADOPTED this 1st day of June, 1987.
Bernard L. McKinley, Mayor
ATTEST:
L ry P,;,_ urger, C . y Clerk/Auditor
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