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<br />. . <br /> <br />ORDINANCE NO. i 7'4_2 <br /> <br />AN ORDINANCE APPROVING AND AUTHORIZING A DEPOSITORY AGREEMENT BETWEEN THE CITY <br />OF LA PORTE AND BAYSHORE NATIONAL BANK OF LA PORTE, FOR A TWO YEAR TERM, <br />COMMENCING FEBRUARY 1, 1991, AND TERMINATING JANUARY 31, 1993, AND ON A MONTH <br />TO MONTH BASIS THEREAFTER; MAKING VARIOUS FINDINGS AND PROVISIONS RELATING TO <br />THE SUBJECT; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN <br />EFFECTIVE DATE HEREOF. <br /> <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: <br /> <br />Section 1, The City Council hereby approves and authorizes the <br /> <br />contract, agreement or other undertaking described in the title of this <br /> <br />ordinance, in substantially the form as shown in the document which is <br /> <br />attached hereto and incorporated herein by this reference. The Mayor is <br /> <br />hereby authorized to execute such document and all related documents on behalf <br /> <br />of the City of La Porte. The City Secretary is hereby authorized to attest to <br /> <br />all such signatures and to affix the seal of the City to all such documents. <br /> <br />Section 2. The City Council officially finds, determines, recites and <br /> <br />declares that a sufficient written notice of the date, hour, place and subject <br /> <br />of this meeting of the City Council was posted at a place convenient to the <br /> <br />public at the City Hall of the City for the time required by law preceding <br /> <br />this meeting, as required by the Open Meetings Law, Article 6252-17, Texas <br /> <br />Revised Civil Statutes Annotated; and that this meeting has been open to the <br /> <br />public as required by law at all times during which this ordinance and the <br /> <br />subject matter thereof has been discussed, considered and formally acted upon. <br /> <br />The City Council further ratifies, approves and confirms such written notice <br /> <br />and the contents and posting thereof, <br /> <br />Section 3. This Ordinance shall be effective from and after its passage <br /> <br />and approval, and it is so ordered. <br /> <br />PASSED AND APPROVED, this 14th day of January, 1991. <br /> <br />CITY OF LA PORTE <br /> <br />BytL~~~4 <br /> <br />'No man Malone <br />Mayor <br /> <br />ATTEST: <br /> <br />!!tA~ t4~ <br /> <br />City Secretary <br /> <br />~cJ~ <br /> <br />City Attorney <br />