R126 RESOLUTION NO. 126
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
KENNEDALE, TEXAS ADOPTING A POLICY TO PERMIT
CONSIDERATION OF APPLICATIONS FOR THE PERFORMANCE OF
DEPOSITORY SERVICES OF FINANCIAL INSTITUTIONS NOT
DOING BUSINESS WITH THE CITY'S INCORPORATED
BOUNDARIES; AND PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KENNEDALE,
TEXAS, THAT:
1. THAT the city Council hereby permits consideration of applications received from
financial institutions not doing business within the City's incorporated boundaries
after taking into consideration what is in the best interest of the City in establishing a
depository.
2. THAT this Resolution shall become a written policy of the City and shall become a
part of the City's Administrative Procedures.
3. THAT this Resolution shall become effective from and after its adoption and it is so
ordered.
PASSED AND APPROVED this the 12 day of April 2001. 211.1V
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_ * Mayor, Mark S. Wn
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ATTA
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City Secretary