Ordinance No. 9,387ORDINANCE NO. 9387
® AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS,
AUTHORIZING A TWENTY -FOUR MONTH EXTENSION OF THE BANK
DEPOSITORY CONTRACT WITH SOUTHWEST BANK OF TEXAS, F/K/A
BAYTOWN STATE BANK; AND PROVIDING FOR THE EFFECTIVE DATE
THEREOF.
WHEREAS, on the 10th day of June 1999, the City Council authorized a Bank Depository
Contract (the "Contract ") with Southwest Bank of Texas f/k/a Baytown State Bank; and
WHEREAS, the Contract provides that it may be extended at the sole option of the City for a
period of time not to exceed twenty-four months after the expiration of the initial term; and
WHEREAS, the initial term of the Contract was from July 1, 1999, to June 30, 2002; and
WHEREAS, the City Council desires to extend the Contract for a twenty-four month period;
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, Texas, hereby extends the
Depository Agreement authorized on June 10, 1999, with Southwest Bank of Texas f/k/a Baytown State
Bank under the same terms and conditions pursuant to Article VIII thereof for the period beginning
July 1, 2002, and continuing through June 30, 2004.
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 11°' day of July, 2002,
PETE C. ALFARO, Ma or
ATTEST:
:Y V1. SMITH, City Clerk
APPROVED AS TO FORM:
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NACIO RAMIREZ, R., City Attorney
F:AKarenTileslCiry Council\ Ordinancesl DepositoryAgreementExtension.doc