HomeMy Public PortalAbout1989_05_23_R103e~sourg in cVirginia
RESOLU'I~ON NO.
A RESOLUTION:
PRESENTED May 23, 1989
89-103 ADOPTED May 23, 1989
DESIGNATING THE BANK OF LOUDOUN AND EDWARD D. JONES & CO.
AS AUTHORIZED DEPOSITORIES OF TOWN FUNDS
V~U~'IEREAS, the Town of Leesburg desires to use the Bank of Loudoun and Edward D. Jones &
Co. as depositories for the purpose of investing idle funds as specified in Section 2-84 to the Town
Code; and
WHE~AS, the Bank of Loudoun requires the adoption of a corporate authorization resolution
to £malize the opening of a new corporate account with the bank; and
WHEREAS, Edward D. Jones & Co. also requires the adoption of a corporate resolution to
finalize the opening of a corporate account:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. This Council desig~mtes the Bank of Loudoun and Edward D. Jones & Co. as
authorized depositories for the purpose of receiving and investment of town funds at the direction of
the town's director of finance.
SECTION II. The town manager is authorized to execute the required corporate authorization
resolutions necessary to finalize the opening of new corporate accounts.
SECTION I~. These resolutions shall rem-iu and continue in full force and effect until written
notice of revocation or amendment has been duly received by the Bank of Loudoun and Edward D.
Jones & Co.
PASSED this 23rd day of May
.7989.
Rober~ E. Sevila, Mayor
Town of Leesbm'g