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HomeMy WebLinkAboutResolution 1730 Designating Depository Banks for Funds of the City .~,'~__"""""""'''''''~_'_'''''''' ......_..~T~_... '.... -~............--...-~._.______,.,..,,~~ T' -'__ ~~_... -"-'-c '.," ...-,-..-.."'"""f..,...,. '" -_.~.................",_. . ~.'~~~.~- ..".....'~-,. .-.' .,~ ,-, ~- -:-'-~.._~._-~....~.. --. ..-.~~..... ~- ~." -"._--'~" '~.. -.,. . .".. " - -, -- . .n __.'.....' _._ 38G ,..... ~ COMMISSION RESOLUTION NO. 1730 -~.. I..f -~.~.:.1~- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, ~_..... DESIGNATING DEPOSITORY BANKS FOR FUNDS OF THE SAID €_ll,}' MONTANA, - CITY OF BOZEMAN AND DESIGNATING THOSE EMPLOYEES AND/OR .........-..-...-.......... OFFICERS OF THE SAID CITY OF BOZEMAN AUTHORIZED TO SIroN CHECKS AND DRAFTS A(',AINST SUCH FUNDS. ******************** I WHEREAS, Section 11-807, Subsection 8, and Section 16-2618, Subsection 1, Revised Codes of Montana, 1947, provide that it is the duty of the city treasurer thereof, among others, to depos it all public monies in his possession and under his control in such solvent bank or banks located ~n said city or town as the Council shall designate, and no others; and WHEREAS, Section 32 of Ordinance 524 of the City of Bozeman, as amended by Section 32 of Ordinance 617 of the City of Bozeman, provides that the Director of public finance as custodian of all of the public monies which may come into his hands shall be governed by the laws of the State of Montana relating to City treasurers, which law of the State of Montana is as above stated; and WHEREAS, Section 11-3267, Subsection 7, R.C.M. 1947 provides that the director of finance in cities operating under the commission-manager form of government shall be custodian of all money of the municipality and shall keep and preserve such money in the place or places determined by ordinance or by the provisions of any law applicable thereto; and WHEREAS, it is necessary under the foregoing provisions of law and ordinance that this city designate depository banks for public funds and desirable that those employees and/or officers of the said City of Bo~eman authorized to sign checks and drafts against such funds be designated. I NPW, THEREFORE, B'R IT RESOJ~VED BY THE CITY COMMISSION OF THE CITY OF BOZEMAN: Sect ion 1 That the following banks doing business in the City of Bozeman, Oounty of r~llatin, State of Montana, be, ancfThey are- hereby, designated as depositories of all public monies in the possession of and under the control of the director of finance of the said City of Bozeman, to-wit: - - First National Bank of Bozeman, Montana First Security Bank of Bozeman, Montana Montana National Bank of Bozeman, Montana Western Bank of Bozeman, Montana Section 2 That no public money shall be deposited by the said director of finance in any other banks than those herein named unless hereafter designated; that the deposits of public monies shall be distri- buted and pro-rated among all of said banks qualifying therefor, substantially in proportion to the paid~in capital and surplus of each bank, and it shall be the duty of the director of finance to pro-rate such deposits among all the said banks to the end that an equitable distribution of such deposits may be maintained; that said banks, and each of them, receiving said deposits, shall, make a statement quarter-annually of account, under oath, showing all such moneys that have been deposited with said bank during the quarter, the amount of daily balances in dollars and the amount of interest I by such bank credited or paid therefor and showing that neither such bank nor any officer thereof, nor any person for it, has paid or given any consideration or emolument whatsoever to the director of finance or to any other person other than the interest provided for herein for or on account of the making of such deposits with any of said banks; that all such deposits shall be subject to withdrawal COMMISSION RESOLUI'ION NO. 1730 "-~_... -~-~...---'-'-.- ~--_..._----_.- ~ _.........~._'-----_._........~---~ -~-~_...... ,.~..._,.. . ~ ..,......... ,,_.~ ..._..~,- ...'-,-,......,~- -., -~-~..I-- - . ,~. .__.~~....... ...,~. - .,~~_~_,~' ~ ,_._"~ -.....--............. -........~.-........_..~...........,'--- . -_......,,-,............... .... . .--,-~. ..,-~~- ,,,.,.- .~_._._".. _.._~_ ._.._. ..n..__._ .- . .~..~..- 387 by the director of finance in such amounts as may be necessary from time to time; that the director of finance shall not be liable for loss on account of any such deposit that may occur through damage by the elements, or for any other cause or reason occasioned through means other than his own neglect, fraud or dishonorable conduct. I Section 3 That no deposit of public monies shall be made or permitted to remain in any of said banks until said respective banks shall furnish security to the said City in an amount not less than the total amount of deposits of the said City of Bozeman remaining on deposit in each respective bank, provided, however, that the respective banks shall not be required to furnish security for such portions of said deposits as are guaranteed or insured according to law; that no deposit of public monies shall be made or per~itted to remain in any of said banks until the aforementioned security for such deposit shall have been first approved by the City Commission and delivered to the director of finance; that upon acceptance and approval of the aforementioned security by the City Commission, a complete minute entry of such acceptance and approval upon the record of their proceedings shall be made; that at least four times a year the director of finance and the City Commission shall examine said security for the purpose of determining its sufficiency and status and that a record of such examination so had shall be made; that during the tax collecting season of each year, said banks and each of them, shall furnish such additional security in public bonds or other security or indemnifying bonds as the City Commission shall prescribe. Section 4 I That checks and drafts of the City of Bozeman drawn upon any or all of the aforementioned banks, and orders for transfer or withdrawal of the funds of the City of Bozeman on deposits in said banks, in whatever form, shall be signed by anyone of the following officers of the said City of Bozeman: Goldie V. Swenson, Cashier Donna M. Daems, Office Clerk and Water Collector and counter-signed by anyone of the following officers of the said City of Bozeman: Grant D. Murie, Director of Finance Harold A. Fryslie, City Manager Joseph G. Wolf, Assistant City Manager That said banks are hereby authorized and directed to honor and pay any checks, drafts or orders of transfer and withdrawal of funds of the City of Bozeman so drawn as above set forth, and no others. Section 5 This Resolution shall be in force and effect immediately from and after its passage and adoption. PASSED AND ADOPTED by the Commission of the City of Bozeman at a regular session thereof held on 23 April 1975. ~-/~< I Mayor - ATTEST: /! // ~ uk' ;,o,~ "',.-' "'" tlf;- ERNA V. HARDING (/ Clerk of the City Commission COMMISSION RESOLUTION NO. 1730 -. -.- --.- .-"- .--.-..-.----.-.-.--- ' "'- .L_ .___.. -"._~--~._- ._..u~.~._ _ ~ n. _.n ___. --..-. .-..-.. , -_...__._~---- .-. '..... - ~... ... '" - .. ~~ ~ . --.-....- ''''-'.'''--r'''I'~'-'''''. .._--.........."~~~........-""'I!""""'<'-- ..- ..~ _..~." .,,-"--.~. .-._.~~......... ---.- ..."....~,. ~.. -................", . ,"'--- ~"_. "~,,. 388 Fi~st published in Bozeman Daily Chronicle 25 April 1975. State of Montana ) County of Gallatin : ss City of Bozeman ) I, Erna V. Harding, Clerk of the Commission of the City of Bozeman, do here certify that the I foregoing Resolution was published by title and number in the Bozeman Daily Chronicle, a newspaper of general circulation printed and published in said City in the issue of the 25th day of April 1975, and due proof of such publieation is on file in my office. IN WITNESS WHEREOF I hereunto set my hand and affix the corporate seal of my office this 28th day of April 1975. ,-"~)/ ~~ ~:,.;./ tiDING .... ~ d' Clerk of the City Commission I I COMMISSION RESOLUTION NO. 1730 -. .._.._.__..o......:.;.................._.......~~ ..._,,~_ ...........~.J .. - ~_. .... - _.... -_.~-~_...............~~ ._~.~~ _~.._.~..., ~.~ ~~~~...__._~ ~_ ~.................. A. .~-----.........._______........._-...-.............. ~._ _ __ ....L--._ _ .._..~..~_ _ _,__. ~._ ___.-..._._~... __...~~_ ~__........____. . ~ _._...._~......_...._. _.....L _______ n." ., _____-L.1..........