Ordinance No. 1,430ORDINANCE NO.1430
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,TEXAS,
SELECTING A CITY DEPOSITORY PURSUANT TO THE TERMS AND PROVISIONS
OF THE APPLICATION AND PROVIDING FOR THE EFFECTIVE DATE HEREOF.
WHEREAS,pursuant to the provisions of Article 2559,Vernon's Texas
Civil Statutes,the City of Baytown is authorized to receive applications
for the custody of City funds from any banking corporation,association or
individual banker doing business within the Citythat may desire to be selected
as depository of the City;and
WHEREAS,notice that such applications would be received on the the
5th day ofJuly,1973,was personally given to each banking corporation in
the Cityof Baytown by the Director of Finance of the City of Baytown;and
WHEREAS,pursuant to Article 2560,V.T.C.S.,the governing body is to
select as depository the banking corporation,association or individual banker
offering the most favorable terms and conditions for the handling of the City's
funds;and
WHEREAS,the City of Baytown didreceive application from three (3)
banking corporations doing business within the City to serve as the depository
of the City funds;NOW THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN:
Section 1:That Citi7Pn<;National Rank ft Tpict Pnmpar^y
is selected as the Depository of the City of Baytown,Texas,consistent with
the terms and provisions of its application.
Section 2:This ordinance shall take effect from and after its passage
by the City Council of the Cityof Baytown.
INTRODUCED,READ and PASSED by the affirmative vote of the City Council
of the City of Baytown this 12th day of July ,1973.
TOM GENTRY,Mayor
\
ATTEST:
EDNA OLIVER,City Clerk
By:BELINDA BINGHAM,Deputy •City Clerk
APPROVED:
NEEL RICHARDSON,CiCi ty Attorney
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