Ordinance No. 4,79870910 -1
® ORDINANCE NO. 4798
AN ORDINANCE AUTHORIZING AND DIRECTING THE MAYOR TO
EXECUTE AND THE CITY CLERK TO ATTEST TO AN AMENDMENT
® TO THE DEPOSITORY CONTRACT BETWEEN THE CITY OF BAYTOWN
AND BAYTOWN STATE BANK; AND PROVIDING FOR THE EFFECTIVE
DATE HEREOF.
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BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS:
Section 1: That the City Council of the City of Baytown, Texas, hereby
approves an amendment to the Depository Contract between the City of Baytown
and Baytown State Bank and authorizes and directs the Mayor and City Clerk
of the City of Baytown to execute and attest to said amendment. A copy of
said amendment is attached hereto, marked Exhibit "A," and made a part hereof
for all intents and purposes.
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 10th day of September, 1987.
ATTEST:
EILEEN P. HALL, City Clerk
AN %/%
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EMMETT 1 1
709l0-Ia
FIRST AMENDMENT TO DEPOSITORY CONTRACT
BETWEEN THE CITY OF BAYTOWN
AND
BAYTOWN STATE BANK
THE STATE OF TEXAS :
COUNTY OF HARRIS :
This First Amendment ("Amendment") to that certain
Depository Contract between the City of Baytown, Texas, and
Baytown State Bank dated September 11, 1986, is made by and
between the same parties on the date hereinafter last specified.
WHEREAS, The CITY OF BAYTOWN and BAYTOWN STATE BANK entered
into a Depository Contract on the 11th day of September of 1986
("Contract") which Contract designated Baytown State Bank as the
Depository Bank for the deposits of the City for the period from
the 1st day of October, 1986, to the 30th day of September, 1988;
and ^
WHEREAS, the parties to the Contract desire and have agreed
to amend the provisions of said Contract in the manner stated
below;
NOW THEREFORE, it is agreed by the parties hereto as
0 follows:
Unless a different meaning clearly appears from the context,
words and phrasei� as used in this Amendment shall have the same
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meaning as in the Contract.
The provisions of Section 6(i) of the Contract are hereby
repealed, and a new section 6(i) is hereby inserted in its .
entirety as follows:
6(i) Will consider all City accounts as one account for the
purpose of determining if an overdraft condition
exists. An individual City account overdrawn by the
City, when paid by the Bank, shall be considered a
legally created general obligation of the City.
The
Contract
provided
between
the Cont
III
provisions of this Amendment and the
should be read together and construe
that, in the event of any conflict
the provisions of this Amendment and
ract, the provisions of this Amendment
provisions of the
d as one agreement
or inconsistency
the provisions of
shall control.
IN WITNESS WHEREOF, the parties hereto have executed this
Amendment in multiple copies, each of which shall constitute but
one and the same Amendment, this the _____________ day
of, 1987.
'
BAYTOWN STATE BANK
__________________________________
E. R. BREWER, President
E
ATTEST:
-- ------------ ----------- --- - -- --
��ASW I ER
ATTEST:
__ _______________________ ___ _____
EILEEN P. HALL, ��ity �:lerk
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70910 -7c
CITY OF BAYTOWN
EMMETT 0. WUTTO, May�r
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