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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