HomeMy WebLinkAbout1962-9AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF
DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID
CITY ON THE ~ DAY OF ~FT~:~, A.D. 1962.
RESOLUTION
WHEREAS, pursuant to the provisions of Article 7,
section 7.13(a), of the Charter of the City of Denton, Texas,
the City Council did heretofore solicit proposals from the
Denton County National Bank of Denton, Texas, and the First
State Bank of Denton, Texas, for the selection of a deposi-
tory bank for the funds of the City of Denton, Texas; and
WHEREAS, on the llth day of September, 1962, the City
Council did receive and open the said proposals of the said
Denton County National Bank and the First State Bank of
Denton; and
WHEREAS, after due consideration of the said proposals
and finding that both of said proposals comply with the re-
quirements of law as to surety and the payment of interest on
deposits, the City Council has found and determined that the
bid of the First State Bank of Denton offers the most favorable
terms and conditions for the handling of the funds of the
City of Denton, and that the best interests of the City of
Denton will be served by appointing the First State Bank of
Denton as the official depository of all City funds; now
therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DENTON, TEXAS, that the First State Bank of Denton be, and it
islhereby designated as the official depository for all funds
belonging to the City of Denton for a period of two (2) years
from the date of this resolution; and be it further
SOL~D, that a copy of the aforesaid proposal of the
First State Bank of Denton be attached to this resolution in
evidence of the obligations of the First State Bank of Denton
in consideration of being selected as the official City deposz-
tory of the City of Denton, Texas, as aforesaid.
PASSED ~D APPRO~D this ~ day of ~r, A.D.
1962.
Mayor
City of Denton, Texas
ATTE ST:
City of Denton, Texas
APPRO~D AS TO LEGAL FO~
1964, .
klr bid is b&sed ~ the sel~cti,~n ot~ & single
b~nk is d~pository !ad that the b~nk~o 0
is&git&ted ~lll ~e ~e:tClus~ve cultody of ~11
City fuads.
matter o~ ff~tp for & few ~t it ~
0
O~tobsr 1, 1002 thrmugh Septenber ~0, 19(:4
o
30 do¥1 I · ~
tt~ng ~ ~re ~s uith~t
City.
I ~ty ch~ko print~
to the
t,~n~ ~ the City
ihs r~uArmntm .t ·