1991-01-14 Regular Meeting - Laserfiche WebLink

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