HomeMy WebLinkAboutRESOLUTIONS-1970-010-R-70• 10-R- 70
RESOLUTION
WHEREAS, pursuant to the terms of an Act of the General
Assembly of the State of Illinois adopted and now in force and
effect, it is required that a designation be made of a bank or,
banks, or other depository in which the designation be made of a
bank or banks, or other depository in which the funds and moneys
in the custody of GORDON E. COPELAND as TREASURER and TOWN
COLLECTOR may be deposited.
NOW, THEREFORE, BE IT RESOLVED by the City Council of 1.
the City of Evanston, Illinois, that
The Evanston Bank
Evanston, Illinois
First National Bank & Trust Company
Evanston, Illinois
• National Bank of North Evanston
Evanston, Illinois
State National Bank
Evanston, Illinois
Continental Illinois National Bank
& Trust Co. of Chicago, Chicago, Illinois
The First National Bank of Chicago
Chicago, Illinois
The Northern Trust Company
Chicago, Illinois
Harris Trust & Savings Bank
Chicago, Illinois
are hereby designated depositories in which the funds and moneys
of the CITY OF EVANSTON in the custody of GORDON E. COPELAND,
as TREASURER and TOWN COLLECTOR may be deposited.
•
•
BE IT FURTHER RESOLVED that no bank herein designated
as a depository shall be qualified to receive such funds or
moneys until it has furnished the City Council with copies of
the two last sworn statements of Resources and Liabilities, which
such bank is required to furnish to the Auditor of Public
Accounts, or to the Comptroller of Currency; and
BE IT FURTHER RESOLVED that each bank designated as
depository for such funds or moneys shall furnish the City
Council with a copy of all bank statements, which it is required
to furnish to the Auditor of Public Accounts, or the Comptroller
of Currency, while acting as such depository; and
BE IT FURTHER RESOLVED that if such funds or moneys are
deposited in a bank herein designated as a depository, the
amounts of such deposits shall not exceed 75% of the capital
stock and surplus of such bank, and the TREASURER and TOWN
COLLECTOR shall not be discharged from responsibility for any
such funds or moneys deposited in any bank in excess of such
limitation.
BE IT FURTHER RESOLVED that the depositories mentioned
herein have furnished that body with copies of their past two
statements as furnished to the Comptroller of Currency, or
Auditor of Public Accounts, which statements are approved and
accepted.
ATTEST:
/s/ Maurice F. Brown
City Clerk
Adopted April 6, 1970 f 1970
APPROVED
161 John D. Emery
Mayor
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