HomeMy WebLinkAbout1997-04-14 97-185 RESOLVECOUNCIL ACTION
Date: 4-14-97 Item No. 97-195
Item/Sabjeet: RESOLVE, Establishing of Eaokimg Relationship with
People's Heritage Beak
Responsible Department: Finance
Conm:entary:
The Finance Committee heard presentations from area banks on March 31, 1997. It was
the Homs Committee's recamnendatim b award the contract for banking services to
People's Heritage Bank. This order will some as aCorporate Resolution wallow the City
to move forward with the Committee's recommendation It is mticipmed that banking
services will begin with People's Heritage Bank on, Ime 1, 1997.
manager 'a Comments rff4lra.l
Associated Information: RESOLVE
Budget Approval:
FIN➢N!'F nTRR R
Legal Approval:
('TTV SORPT'IY)
For
znoduced
Passage
First Reading
Page of
Referral
9]-185
Assigned to Councilor Leen April 14, 1997
t i CITY OF BANGOR
cnrLe 3Resnluc..... _....... _.... _Bstablishing ofBaoking Relationship with People's
.... _... _.... ...... _...... _...... ..... _.............. _.... _..........
CE3Ff�3
By the City Counalt Oise aim ofBnnanr.
B LVFD.
People's Heritage Bank be, aM hereby is, designated as a depository of
[ands for the City of Bangor and that the funds deposited mthe name of this organization shall
be subject to wirbdrewal upon the personal signature of any one of the following City officials:
Treasures, City Manager, or Director ofAdmmistration and Human Resources, provided the
check is for less than $5,000, otherwise the sigoenues of two designated officials are required;
and
BE rr FURTHER RESOLVED, THAT the Bank be tarnished with specimen
signahnes of said persons and that a security procedure be agreed upon. The Bahr is authorized
to pay any instrument so signed or payment order so verified, even if payable N the individual
order of the person signing same or issuing the payment order on behalf of the orgawation.
BE U ECRIHER RESOLVED, THAT all foregoing authorities shall be and
continue in NR force until revoked or modified by written entice in aformat acceptable to and
actually Rceived by the Bank.
IN CITT COUNCIL 97-185
April 14, 1997
Passed R E S O L V E
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