HomeMy Public PortalAboutResolutions_24-02_1/8/2024 RESOLUTION 24-02
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 8th day of
January 2024.
PASSED AND APROVED this 8th day of January 2024.
Mayor Bunt
ATTEST:
t-P,o6y) (2-
941(1/1PN—
Robin A. Harvey—City Clerk/'reasurer