Ordinance No. 4,677c;
ORDINANCE NO. 4677
AN ORDINANCE APPROVING THE
AUTHORITY'S SELECTION OF A
AUTHORITY'S FUNDS.
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BAYTOWN AREA WATER
DEPOSITORY FOR THE
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 Citizens Bank and
Trust Company 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 Citizens Bank and Trust Company as
the depository for the Authority's funds; and
WHEREAS, the City Council of the City of Baytown concurs
that the Citizens 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,
TEXAS:
Section 1: That the City Council of the City of Baytown
hereby approves the selection of the Citizens Bank and Trust
Company as depository for the Baytown Area Water Authority.
Section 2: This ordinance shall take effect immediately
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 the 26th day of March,
1987.
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EMMETT O—.'"fi5VrO, Mayor
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SATTEST:
EILEEN P. HALL, City Clerk
RANDALL B. STRONG, City rney
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