RES 73-05 SEPARATE BANK ACCOUNTS FOR THE CITY~SOLUT~ON ~0. 7~- 5
~,rHEREAS, under recent regulations ~he City receives Revenues with
requirement to deposit in separate accounts, and
WHEREAS, certain Revenues are received seasonally in advance of
required expenditure,
NOW THEREFORE BE IT RESOLVED that the City Treasurer is hereby
authorized to establish several accounts i'or the City in the Great
]*~'or~hwest Savings and Loan Association;
That each account shall be on an individual Fund basis and ~rithin
deposit guarantee limitations;
Tha~ these accounts shall be on a pass book basis entitled to
interest earnings as established from time to time by the ~epositary;
Tha~ such accounts shall be the responsibility of ~he City
Treasurer and subject to the Treasurer's signature;
Tha~ this action is supplementary only to naming of the American
?.~rine Bank, formerly the Bainbri~ge Island Bank, as the principal
depositary for City i~mds.
PASSED BY THE Council oi' the City of Winslow, Washington and
approved by its Mayor this }g~j day of '~.~ 1973.
'
?layor
ATTEST: