Res 149-89 9/6/1989RESOLUTION NO. _(Z1_Jf
RESOLUTION APPROVING AND AUTHORIZING THE CITY MANAGER TO
EXECUTE CONTRACTS FOR BANKING AND INVESTMENT SERVICES WITH THE
MANAGING DEPOSITORY.
WHEREAS, heretofore the City of Wichita Falls has advertised
for proposals to act as depository of City funds for two (2) years
from October 1 , 1989; and ,
WHEREAS, of the proposals received , it is found that the
proposal of Bank One offers the most favorable terms and conditions
to serve as Managing Depository.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS THAT:
The proposal of Bank One to serve as Managing Depository
for a two (2) year period beginning October 1 , 1989 is hereby
accepted , and the City Manager is authorized to execute contracts
for banking and investment services containing the terms and
provisions of such proposal .
PASSED AND APPROVED this the 6th day of September , 1989.
M K1 Y O R
ATTEST:
City Clerk