Ordinance No. 2,2147488
ORDINANCE NO. 2214
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, APPROVING THE BAYTOWN AREA WATER AUTHORITY'S
SELECTION OF DEPOSITORY FOR THE AUTHORITY'S FUNDS.
WHEREAS, pursuant to the provisions of House Bill No.
967 enacted by the 63rd Legislature of the State of Texas,
the Board of Directors of the Baytown Area Water Authority
is authorized, with prior approval of the City Council of
the City of Baytown, to select a depository for the funds of
the Authority; and
WHEREAS, after due notice, applications for selection
as the Authority's depository were received and only one
such application was submitted to the Authority; and
WHEREAS, the Board of Directors of the Baytown Area
Water Authority found that such application offers favorable
terms and conditions for the handling of the Authority's
funds and, subject to the approval of City Council, has
selected the applicant, Citizens National Bank and Trust
Company, as the depository for the Authority's funds; and
WHEREAS the City Council of the City of Baytown, Texas,
concurs that Citizens National Bank and Trust Company has
offered favorable terms and conditions for the handling of
the Authority's funds and wishes to approve its selection;
NOW THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
BAYTOWN:
Section 1: That the City Council of the City of Baytown,
Texas, hereby approves the selection of Citizens National
Bank and Trust Company as depository for the Baytown Area
Water Authority.
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Section 2: 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 on this 28th day
of April 1977.
TOM GENTRY,-'Mayor
ATTEST:
1 _
�vEILEEN P. HALL, City Clerk
APPROVED :
NE R HARDSON, City Attorney
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