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HomeMy Public PortalAboutR0071 R E S O L U T I O N NO. 71 WHEREAS, by Section 7.080 of the Plan of the District, the Board of Trustees of The Metropolitan St. Louis Sewer District is directed to select annually one or more banks or trust companies situated within the District for the deposit of all funds of the District and any Subdistrict. NOW, THEREFORE, BE IT RESOLVED that the following banks and trust companies be and the same are hereby selected as depositories for the deposit of funds of the District and all Subdistricts for the Fiscal Year 1956-1957 for the several funds and accounts of the District: First National Bank in St. Louis The St. Louis County National Bank, Clayton Bank of St. Louis The Boatmen's National Bank The First National Bank of Clayton The Manchester Bank of St. Louis, and BE IT FURTHER RESOLVED that Principal and Interest Funds for all bond issues sold during the next Fiscal Year shall be deposited in a bank selected by the purchasers of the bonds and approved by the Board of Trustees of the District, and BE IT FURTHER RESOLVED that the approval of the Board of Trustees shall be secured by the Secretary-Treasurer prior to the transfer of funds from one depository to another depository. The foregoing Resolution was adopted July 2, 1956.