Ordinance No. 2,305W
ORDINANCE NO. 2305
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,
7886
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 City that may desire to be
selected as depository of the City; and
WHEREAS, notice that such applications would be received
on the 8th day of September, 1977, was published pursuant to
Article 2559, Vernon's Texas Civil Statutes, on the 24th day
of August, 1977, which is not less than one week nor more
than four 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
terms and conditions for the handling of the City's funds;
and
WHEREAS, the City of Baytown did receive applications
from banking corporations, associations, and /or individual
bankers doing business within the City to serve as the
depository of the City funds; and
WHEREAS, the City Council deems that Citizen's National
Bank and Trust Company has offered the most favorable
terms and conditions for the handling of such funds; NOW
THEREFORE,
Id
7887
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
BAYTOWN , TEXAS:
Section 1: That the City Council hereby finds that
Citizen's National Bank and Trust Company has offered the
most favorable terms and conditions for the handling of the
City's funds.
Section 2: That Citizen's National Bank and Trust Company
is selected as the Depository of the City of Baytown, Texas,
consistent with the terms 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 8th day of
September, 1977.
W"Eft /444--�
OM GENTRY, Mayor
ATTEST:
ZF.EN*P. HALL, City Clerk
APPROVED:
NEEL RIC ARD O , i y Attorney
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