007.99
RESOLUTION DESIGNATING OFFICIAL BANKS
RESOLUTION NO.: 7, 1999
INTRODUCED BY: MR. THEODORE TURNER WHO MOVED ITS ADOPTION
SECONDED BY: MR. DOUGLAS IRISH
WHEREAS, §64, Subdivision 1, of the New York State Town Law of the State of New York
requires the Town Board to annually designate its depositories for Town funds,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby designates the
following depositories for Town of Queensbury funds for the 1999 fiscal year,
Chase Manhattan Bank - up to $100,000.
Evergreen Bank - up to $50 million
Glens Falls National Bank and Trust Company - up to $50 million
Key Bank of New York - up to $100,000.
Fleet Bank - up to $100,000.
Trustco Bank - up to $100,000.
and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury hereby delegates the Town
Supervisor to determine the accounts and the amounts to be deposited in each bank.
th
Duly adopted this 4 of January, 1999 by the following vote:
AYES : Mr. Merrill, Mr. Turner, Mr. Irish, Mr. Tucker, Mr. Champagne
NOES : None
ABSENT: None