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HomeMy WebLinkAboutOrd 0118 - Banking Services with National Bank of Commerce (Repealed by Ord 569)ORDINANCE NO 118 REPEALED BY 569 AN ORDINANCE DESIGNATING THE NATIONAL BANK OF COMMERCE AS THE OFFICIAL DEPOSITORY FOR THE MONEY AND FUNDS OF THE TOWN OF TUKWILA. BE IT ORDAINED BY THE COUNCIL OF THE TO1JN OF TUKWILA Section 1. That the National Bank of Com- merce, a banking institution doing a general banking business in the City of Seattle, be and the same is hereby selected and designated as the official depository of money and funds for the Town of Tukwila. Section 2. That the maximum amount of money deposited in the said National Bank of Commerce at one time'will be $25,000 dollars. Section 3. That the Council of the Town of Tukwila and the Treasurer of the said Town be and the same are, empowered to enter into such contract or contracts with the Said National Bank of Commerce in accordance with the laws of the State of Washington and the laws and ordinances of the Town of Tukwila as may be necessary. Section 4. That this ordinance shall take effect immeddtately upon its pas- sage and upon its approval by the Mayor. Passed the Town Council this J19 day of August, 1928, and signed by me in open session in authentication of its passage this 10th day of August 1928 Approved by me this JO day of August, 1928. Mayor John R. Walkup City Clerk J.A. Duff Published_ this 11 day of August, 1928