Ordinance No. 1,866.6102
ORDINANCE NO.1866
AN ORDINANCE OF THE CITY COUNCIL OFTHECITY 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 TexasCivil 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 City that may desire to be selected
as depository of the City;and
WHEREAS,notice that such applications would be received
on the5th day of September,1975,was published pursuant to
Article 2559,Vernon's Texas Civil Statutes,on the 28th day
of August,1975,which is not less than one week nor more
thanfour weeks before such date and notice was personally
given to each banking corporation in the City of 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
y terms and conditions for the handling of the City's funds;
and
WHEREAS,theCity of Baytown did receive applications
from banking corporations,associations,and/or individual
bankersdoing business within the City to serve as the
depository of the City funds;and
WHEREAS,the City Council deems that CITIZENS NATIONAL
BANK AND TRUST COMPANY has offered the most favorable
terms and conditions forthe handling of such funds;NOW
THEREFORE,
y
6103
BE IT ORDAINED BYTHECITY COUNCIL OF THE CITY OF
BAYTOWN,TEXAS:
Section 1:That the City Council hereby finds that
CITIZENS NATIONAL BANK AND TRUST COMPANY has offered
the most favorable terms and conditions for the handling of
the City's funds.
Section 2:That CITIZENS NATIONAL BANK AND TRUST COMPANY
is selected as the Depository of the City of Baytown,Texas,
consistent with the terras and provisions of its application.
Section 3:This ordinance shall take effect from and
after its passage by the City Council of the City of Baytown.
INTRODUCED,READ and PASSED by the affirmative vote of
the City Council of the City of Baytown this 11th day of
September,1975.
TOM GENTRY,"Mayor
ATTEST:
EDNA OLIVER,City Clerk
APPROVED:
NEEL RZCHARDSON,City Attorney^
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