Ordinance No. 4,08450228 -2
ORDINANCE NO. 4084
AN ORDINANCE APPROVING THE BAYTOWN AREA WATER
AUTHORITY'S SELECTION OF A 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
WHEREAS, the Board of Directors of the Baytown Area Water Authority
found that the application of the First American Bank and Trust of Baytown offers
the most favorable terms and conditions for the handling of the Authority's funds,
and subject to approval of City Council, has selected the First American Bank and
Trust of Baytown as the depository for the Authority's funds; and
WHEREAS, the City Council of the City of Baytown concurs that the First
American Bank and Trust of Baytown 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,
TEXAS:
Section 1: That the City Council of the City of Baytown hereby approves
the selection of the First American Bank and Trust of Baytown as depository for
the Baytown Area Water Authority.
Section 2: This ordinance shall take effect from and after its passage.
INTRODUCED, READ, and PASSED by the affirmative vote of the City
Council of the City of Baytown, this the 28th day of February, 1985.
ALLEN CANNON, Mayor
ATTEST:
� L
EILEEN P. HALL, City Clerk
APPROVED:
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AND—ALL .STRONG, Cit ttorne