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68 <br /> <br /> RESOLUTION 1991- 16R <br /> <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS APPROVING THE TERMS AND CONDITIONS OF <br /> AN APPLICATION TO THE FEDERAL RESERVE BANK OF <br /> DALLAS FOR THE HOLDING OF CITY SECURITIES IN JOINT <br /> SAFEKEEPING; AUTHORIZING THE CITY SECRETARY TO <br /> CERTIFY THE CITY COUNCIL'S APPROVAL OF THE <br /> APPLICATION ON THE APPLICATION FORM; AND DECLARING <br /> AN EFFECTIVE DATE. <br /> <br /> WHEREAS, Victoria Bank & Trust Company (the <br />"depository") is the depository of funds for the City of San <br />Marcos; and, <br /> <br /> WHEREAS, in order to secure the City's funds <br />deposited with it, the depository has pledged certain <br />securities as authorized under Section 1051~34 of the Texas <br />Local Government Code; and, <br /> <br /> WHEREAS, both the City and the depository desire <br />that the Federal Reserve Bank of Dallas accept these <br />securities in joint safekeeping; now, therefore, <br /> <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS: <br /> <br /> PART 1. That the terms and conditions of an <br />application to the Federal Reserve Bank of Dallas for the <br />holding of securities in joint safekeeping, a copy of which <br />is attached hereto and incorporated herein for all intents <br />and purposes, are hereby approved. <br /> <br /> PART 2. That the City Secretary, Janis K. Womack, <br />is hereby authorized to certify the City Council's approval <br />of the application on the application form. <br /> <br /> PART 3. That this Resolution shall be in full <br />force and effect from and after its passage. <br /> <br /> ADOPTED this 28th d,a~gf /7~nuary , 1991; <br /> <br />Attest: <br /> <br />City Secretary <br /> <br /> <br />