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1,0VRM2ER 5th,1935.
<br /> •
<br /> The Regular Administrative Session of the City 0440001 was held on ayembe.
<br /> 0,00.80e4,508,0935,91,U.,E4y42 n'dwasas in the chair,Cemmiaelonere Costello a._ aid 11.,Nricson present at roll call.
<br /> Minutes of November 4th,1935,read and approved ae o4 record.
<br /> Moved by Edwards,seconded by Costello to adopt Resolution No 4026 a,
<br /> 2211468/ RESOLUTION No,4026.
<br /> WREIBA4u the Security National Bank Everett, banking corporation,
<br /> d nna banking news 1n Everett,Snohomish County.W D g on hoe eenreCe
<br /> tly takenby.The Peoples.Bank&Trust Comp qy f Seattle,a bank
<br /> ing corporation,an hen a hereof has been changed o The Peoples'Bank
<br /> &CruetCompany of Seattle(Everett Branch)":and
<br /> WHEREAS,
<br /> F the City Council desires to designate the said Everett
<br /> Branch a of he depositaries of city funds of Everett upon which checks
<br /> may e drawn from time to time as required,and the said Council believes it
<br /> Eus for the best interests of Everett that the said"The Peoples'Bank&
<br /> t Company of Seattle(Everett Branch].nchbedesignatedas such depositor,
<br /> of city funds in a limited amount;r
<br /> HE IT RESOLVED BY T.CITY COUNCIL OF THE CITY OF EVERETT,WASHINGTON:
<br /> That the said City of Everett hereby designateThe Peoples'Bank
<br /> � 0&Trust Company of Seattle(Everett Branch)",a banking corporation,with
<br /> (
<br /> its banking house situated n Everett, nohomveh County,Washington,a
<br /> 'di
<br /> i a£Ete depoeiteriee in Xa1ch the City Treasurer 1'0'0
<br /> hall deposit funds belonging
<br /> kap en vereLt i an amount net the the um oe}300,000.00 at any
<br /> one taus,
<br /> 'i 1L{) ;, d before d ah 11 be so deposited the said The Peoples'Bank&
<br /> Trust Co tarry f ttl (Everett Branch)"shall a to and deliver to Everett
<br /> )i: jrii bonds in t fof Waeo00,00 0=a auk ty s are
<br /> odeposit Wbe epi=ovate do the
<br /> veiness i t lespot. in
<br /> t eowhich bonds e t be h City Treasurer and C Clerk, r en great thereof Y 1
<br /> securities d grade approvedb theSection 3 Clerk have city
<br /> j or, 1 the her with
<br /> of Ch 5 SeSession be
<br /> ef
<br /> gL n, 9the average
<br /> veerR together with a contract therein t 1 execute
<br /> 3M If d d 0f 0hea r ge dally balances kept who o etch balances
<br /> Xere here sad the red, and other pr aper rized ale oY the o 4
<br /> j E tt axe hereby empowerefl,.dl xe eted aM authorized to enter ht d
<br /> i nd deliver t e naoh rr and proper instxumente,atte eLed by the vay nark,
<br /> � ander the seal wi of City
<br /> do al to rr Lhlnto effecLnthie r solution,ev o be
<br /> half,af gthe uarding City de all such o re things i c n thenfwi th e
<br /> ' safeguarding the interests of Everett which may be necessary for(tend
<br /> 1 Proper a naumma ion.
<br /> Carried unanimously
<br /> .1l
<br /> Moved by Costello,seconded by Edwards,to allow bill of Preston, 24
<br /> ' TDorgrimson and Turner- $507.30. Carried unanimous]
<br /> bc
<br /> 0 motion the Council adjourned at 9-20 A.E. /�
<br /> On Opt,Morn.
<br /> Read and,,,,roved by the City council,CovemUer 6th,1935• •
<br /> I' _ ..._ Q,. .,6-..-- a.—,--'-i. Mexer.
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