HomeMy WebLinkAboutOrdinance No. 85ORDINANCE NO. Fs�
AN ORDINANCE OF THE CITY OF THE COLONY, TEXAS, AUTHORIZING
POSITIONS WITHIN THE CITY GOVERNING AND MANAGEMENT STRUCTURE
TO SIGN WARRANTS WITHDRAWING MONIES FROM DESIGNATED CITY
DEPOSITORIES: ESTABLISHIN THE NUMBER OF SIGNATURES REQUIRED
ON SUCH WARRANTS: AND PROVIDE AUTHORIZATION FOR THE DEPOSITING
OF CITY FUNDS AND/OR THE INVESTMENT OF CITY FUNDS: PROVIDING
ALSO AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY,
TEXAS:
SECTION 1. The following positions are authorized to
withdraw monies from the City Depository or Depositories by
the execution of City warrants or vouchers, to wit:
1. Mayor
2. Mayor Pro Tem
3. City Manager
4. City Secretary
5. Councilmember
SECTION 2. No such warrants shall be valid unless signed
by at least two of the above five authorized signatures;
providing that one of the signatures is that of the City
Manager or City Secretary. Three signatures are required on
warrants above ONE THOUSAND ($1,000.00) DOLLARS.
SECTION 3. The City Manager or City Secretary shall be
authorized to deposit City Funds and/or invest City Funds
in accordance with the requirements of the City Depository
Contract and such other provisions as required by the specified
bank.
DULY PASSED ON FIRST READING OF THE CITY COUNCI F THE CITY
OF THE COLONY, TEXAS, ON THE DAY OF
1979.
FIN Y PASSED ON SECOND READONG IN THE DAY OF
V 1979.
APPROVED AS TO LEGALITY
OF THE FORM:
&Jorl &-ZL�.CITY ATTORNEY /
llULY t{"L;(;UtillEll: