RES 74-07 ESTABLISHING SAVINGS ACCOUNTRESOLUTION NO. 74- 7
A RESOLU'rlON OF 'rile CITY OF WINSLOW ESTABLISHING
SAVINGS ACCOUNTS
WHEREAS, under recent regulations the City receives
Revenues with requirement to deposit in separate accounts, and
WHEREAS, certain Revenues are received seasonally in ad-
vance of required expenditure,
NOW THEREFORE BE IT RESOLVED that the City Treasurer is
hereby authorized to establish two accounts for the City in
the Puget Sound Mutual Savings Bank and Washington Mutual
Savings Bank;
That each account shall be on an individual Fund basis
and within deposit guarantee limitations;
That these accounts shall be on a pass book basis entitled
to interest earnings as established from time to time by the
depositary;
That such accounts shall be the responsibility of the
City Treasurer and subject to the Treasurer's signature;
That this action is supplementary only to naming of the
American Marine Bank, formerly the Bainbridge Island Bank,
as the principal depositary for City funds.
PASSED BY THE Council of the City of Winslow, Washington
and approved by its Mayor this 3rd day of June, 1974.
A'r'rES'r:
MAYOR
CLERK/TREASURER