HomeMy WebLinkAbout1988-654-11.28.1988 RESOLUTION NO. 1988-654
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 institution as follows, to-wit:
Maximum Deposit Under
Name of Depository Location This Resolution
John Deere 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. 1988-510 be hereby
rescinded.
PASSED AND ADOPTED this 28th day of November, 1988 .
Bernard L. Mcy, Mayor
ATTEST:
�
La y P. Burger, City Clerk/Auditor
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