HomeMy Public PortalAboutResolutions_23-02_1/9/2023RESOLUTION 23-02
RESOLUTION NAMING DEPOSITORIES
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MARCUS IOWA
WHEREAS, THE City of Marcus, Iowa is a duly organized municipality within
Cherokee County; AND,
WHEREAS, the Marcus City Council must designate official depositories annually;
AND,
WHEREAS, the City Clerk is authorized to deposit funds of the City of Marcus, in
amounts not to exceed the maximum approved for each respective financial institution, as
set out below; AND:
Name of Depository Location Maximum Dep.
under this
Resolution
Farmers State Bank 106 East Cedar $27,000,000
United Bank of Iowa 109 East Pine $27,000,000
State Savings Bank 719 S Hwy 143 $27,000,000
UMB Bank Kansas City, MO Paying Agent for Debt/Bonds
NOW THEREFORE BE IT RESOLVED that the City Council of Marcus, Iowa do
hereby appoint the above -mentioned institutions as official depositories this 9th day of
January 2023.
PASSED AND APROVED this 9th day of January 2023.
Mayor Bunt
ATTEST:
Robin A. Harvey — City Clerk/Treasurer