Laserfiche WebLink
<br />101 I <br /> <br />RESOLUTION NO. 1977-41-R <br /> <br />I <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SAN MARCOS, TEXAS AUTHORIZING <br />THE CITY SECRETARY TO PUBLISH NOTICE <br />REGARDING THE ACCEPTANCE OF BIDS FROM <br />BANKS WITHIN THE CORPORATE LIMITS OF <br />THE CITY TO PROVIDE A DEPOSITORY OR <br />DEPOSITORIES FOR CITY FUNDS. <br /> <br />WHEREAS, State Law provides for the publication of notice and accep- <br />tance by municipalities of competitive bidding from banks desiring <br />to become depositories for municipal funds; and <br /> <br />WHEREAS, State Law restricts such bids to those banks located within <br />the municipality itself; and <br /> <br />WHEREAS, the number of banks within the City of San Marcos has in- <br />creased since the City last selected a depository; and <br /> <br />WHEREAS, the City desires to receive competitive bids from all banks <br />within the City of San Marcos, which banks may be interested in <br />becoming a depository for City funds; now, therefore, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: <br />I <br />Part 1. That the City Secretary/be and is hereby authorized to <br />publish notice in accordance with State Law that the City desires <br />to receive competitive bids from local banks for the purpose of <br />selecting a depository pr depositories for City funds. <br /> <br />I <br /> <br />Part 2. That this"Resolution shall become effective immediately from <br />and after.its passage on August 1,1977. <br /> <br />ADOPTED this 1st day of August, 1977, A.D. <br /> <br /> <br />~L~ <br /> <br />Mayor <br /> <br />Ll:L <br /> <br />Doriss Hambri ck <br />City Secretary <br /> <br />APPROVED: <br /> <br />~~6~ <br /> <br />Charles E. Evans <br />City Attorney <br /> <br />1- <br />