Res 142-93 9/21/1993k
RESOLUTION NO.14/ 2
RESOLUTION APPROVING BANK ONE AS MANAGING DEPOSITORY FOR
CITY DEPOSITS AND AUTHORIZING THE CITY MANAGER TO ENTER
INTO THE APPROPRIATE CONTRACT(S) .
WHEREAS, HERETOFORE THE CITY OF WICHITA FALLS HAS SOLICITED
PROPOSALS FOR MANAGING DEPOSITORY FOR A PERIOD OF TWO YEARS,
FROM OCTOBER 1 , 1993 THROUGH SEPTEMBER 30, 1995.
WHEREAS, OF THE PROPOSALS RECEIVED, IT IS FOUND THAT BANK
ONE OFFERS THE MOST FAVORABLE TERMS AND CONDITIONS TO SERVE
AS MANAGING DEPOSITORY .
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA
FALLS, TEXAS THAT:
THE PROPOSAL OF BANK ONE TO SERVE AS MANAGING DEPOSITORY FOR
A TWO YEAR PERIOD BEGINNING OCTOBER 1 , 1993 THROUGH
SEPTEMBER 30, 1995 IS HEREBY ACCEPTED AND THE CITY MANAGER
IS AUTHORIZED TO EXECUTE CONTRACT(S) FOR BANKING AND
INVESTMENT SERVICES CONTAINING THE TERMS AND PROVISIONS OF
SUCH PROPOSAL .
PASSED AND APPROVED THIS 21 SAY OF SEP
orp
M ` OR
ATTEST:
IITL1
CITY CLERK.
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