HomeMy Public PortalAboutResolution 61-121RESOLUTION N0. 61 -121
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF TEMPLE CITY AUTHOR-
IZING AN AGREEMENT FOR INACTIVE
DEPOSIT OF CERTAIN CITY MONIES IN
A SIX MONTH TERM DEPOSIT
THE CITY COUNCIL OF THE CITY OF TEMPLE CITY DOES RESOLVE AS
FOLLOWS:
SECTION 1. WHEREAS, it appears to be desirable to deposit
the sum of fifty thousand ($50,000.00) in a six month term deposit
with interest rate of three per cent (3 %) with the First Western Bank
of Temple City:
NOW, THEREFORE, BE IT RESOLVED that the Treasurer of the City
of Temple City is hereby authorized to accomplish the foregoing as soon
as it is possible.
ATTEST:
ADOPTED AND APPROVED this 14th day of February, 1961.
Mayor'offthe C4'ty ofPTemple City,
California
City Clerk of the City of ity
California
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