R-1984-04 - Laserfiche WebLink

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. . future, instances where a municipality may not receive an application from two or more banks located within the city to accept the funds of such municipality on any terms, thus making it impossible for such municipality to comply with the present law, e and WHEREAS, the end result of the application restrictive statutory provisions is to reduce municipal thus penalizing the citizens and taxpayers of the State and of such revenues, of Texas, WHEREAS, to insure a more competitive procedure and to give the citizens and taxpayers a better return of their tax monies, the proviso and restriction of Article 2559, which limits the right of a city having two or more banking institutions within the city from having a depository other than one or two of such banks should be amended or, in the alternative, repealed, now therefore. ~ BE IT RESOLVED by the Harris County Mayors and Councils Association and the Mayor and Council of the City of La Porte, duly assembled that to rekindle and reinstate the competitive bidding for the rights of a bank to be a municipal depository, the following portion of Article 2559 should be amended by repealing: ". . . provided, however, that if any city has two or more banking institutions doing business within the city, the city shall consider bids and applications from only those institutions." PASSED AND APPROVED by the Mayor and City Council of the City, of La Porte, this the I ~ of April, 1984. , APPROVED .'.......... !,,~:~' . "'."...,p ~ .~ ~ ~- ~ G"- /..- ~ --.., r, :p '_-.. , ~ ATTEST: ~I"". - ~ ~ :~~ , ,.. - ,~~~ ~ .......::: , , , , ">:~>,, ~~""'<,:~.:;- ~~