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R1604 R E S O L U T I O N NO. 1604 WHEREAS, under the provisions of Section 7.080 of the Plan of The Metropolitan St. Louis Sewer District, the Board of Trustees of the District is directed to select annually one or more banks or trust companies, situated in the District, for the deposit of all funds of the District and any subdistrict, and WHEREAS, the Board of Trustees is directed to require each such bank or trust company to furnish certain security for the amount of deposits with said bank or trust company, NOW, THEREFORE, BE IT RESOLVED that the following banks and trust companies be, and the same are hereby, selected as depositaries for the funds of the District and all subdistricts for the Fiscal Year 1981-82 for the general and special funds and accounts of the District and all subdistricts: American National Bank in St. Louis Baden Bank of St. Louis Bank of St. Ann Bank of St. Louis Big Bend Bank Boatmen's Bank of Concord Village Boatmen's Bank of West County Boatmen's National Bank of St. Louis Boatmen's National Bank of North St. Louis County Bremen Bank & Trust Co. Brentwood Bank Cass Bank & Trust Co. Central Bank - Clayton Charter Bank of Jennings Charter Bank of Ladue Charter Bank of Overland Chesterfield Bank Chippewa Bank Citizens Bank of University City Citizens National Bank of Greater St. Louis City Bank Clayton Metro Bank The Colonial Bank Commerce Bank of Fenton Commerce Bank of Florissant Commerce Bank of Kirkwood Commerce Bank of Mound City Commerce Bank of North County Commerce Bank of St. Louis Commerce Bank of University City Commerce Bank South Commerce Manchester Bank Commercial Bank Continental Bank & Trust Co. County Bank of Chesterfield Crestwood Metro Bank Ellisville Metro Bank First Missouri Bank & Trust Company of Creve Coeur First Missouri Bank of West County 3 First National Bank in St. Louis First National Bank of Clayton Florissant Bank Gateway National Bank of St. Louis Gravois Bank Hampton Metro Bank Jefferson Bank & Trust Co. Jefferson-Gravois Bank of St. Louis Landmark Bank of Creve Coeur Landmark Bank of Ladue Landmark Central Bank & Trust Co. Landmark North County Bank Landmark Northwest Plaza Bank Lemay Bank & Trust Co. Lewis & Clark Mercantile Bank Lindbergh Bank Lindell Trust Co. Manufacturers Bank & Trust Co. Mark Twain National Bank Mark Twain Northland Bank Mark Twain Parkway Bank Mark Twain Progress Bank Mark Twain South County Bank Mark Twain State Bank Mehlville Bank Meramec Valley Bank 4 Mercantile Commerce Trust Co. Mercantile Trust Co. Mercantile National Bank of St. Louis County Missouri State Bank Normandy Bank North St. Louis Trust Co. Northwestern Bank Oakville Bank & Trust Co. Pioneer Bank & Trust Co. Plaza Bank of West Port St. Johns Bank & Trust Co. St. Louis County Bank Security Bank of Manchester South Side National Bank in St. Louis Southern Commercial Bank Southwest Bank Tower Grove Bank & Trust Co. United Missouri Bank of Ferguson United Missouri Bank of Kirkwood United Missouri Bank of St. Louis Webster Groves Trust Co. West Side National Bank 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 depositary to another depositary, except such transfers as may be required from time to time for 5 current payment of bond interest and principal, or such transfers as may be required for the equalization of funds in the various depositaries. 6 BE IT FURTHER RESOLVED that as a condition precedent to the deposit of funds of the District, or of funds held by the District, each of said banks and trust companies shall deposit with the Federal Reserve Bank of St. Louis, or with a disinterested National Bank located within the boundaries of The Metropolitan St. Louis Sewer District, as escrow agent or trustee, securities of the kind and character as provided in Section 30.270, Revised Statutes of Missouri, 1949, as amended, equal in market value to the amount of the deposits of the District and subdistricts in each of said banks or trust companies, for the security of funds deposited by the District. PROVIDED: That, upon increase of deposits in each of said banks and trust companies, such banks and trust companies will make additional deposits of securities of like kind and character with the Federal Reserve Bank of St. Louis, or with a disinterested National Bank located within this District, as escrow agent or trustee, equal in market value to the amount by which deposits are increased. PROVIDED FURTHER: That each of said banks and trust companies may, at any time, withdraw any of the securities so deposited upon depositing in lieu thereof other securities of like kind and character and at least equal in market value of the securities withdrawn. PROVIDED FURTHER: That securities so deposited shall be pledged to secure payment by the pledging bank or trust company of District funds on the check or checks of the District, and that such securities shall be released and delivered to the District on its sole demand made to the Federal Reserve Bank of St. Louis, or 7 a disinterested National Bank located within this District, as escrow agent or trustee, as the case maybe, in the event that such pledging bank or trust company should fail to pay such secured funds, or any part thereof, on the check or checks of the District, and that securities so released and delivered to the District shall be converted into money and the District shall use the same in lieu of such secured funds. 8 The foregoing Resolution was adopted June 10, 1981.