HomeMy WebLinkAboutResolution 1986 (30) RESOLUTION DESIGNATING STATE BANK OF HUDSON AS WORKING BANK FOR
ACTIVE DEPOSITS OF COUNTY FUN FOR THE FIS YE 1987.
Resolutio # 3 O L�'(')
WHEREAS, Wisconsin Statutes Section 59.74(1) permits
counties to designate one or more banks, banking institutions, or
trust companies located in Wisconsin, as county depositories; and
WHEREAS, said Statute further provides that counties are
authorized to designate one or more of said financial institu-
tions as working banks within which all deposits shall be active
deposits; and
WHEREAS, the Finance, Budget, Building and Bond Committee of
the St. Croix County Board of Supervisors has advertised for bids
from St. Croix County financial institutions for the purpose of
designating one of which as a working bank for county active
deposits; and
WHEREAS, the Finance, Budget, Building and Bond Committee
has recently met and selected a bid of the State Bank of Hudson,
Wisconsin, as the County's working bank for active county
deposits for the fiscal year 1987.
NOW THEREFORE, BE IT RESOLVED by the St. Croix County Board
of Supervisors, meeting in regular session, that the State Bank
of Hudson, Wisconsin, is hereby designated as the working bank
for all active deposits of county funds for the fiscal year 1987.
BE IT FURTHER RESOLVED that during the fiscal year 1987, all
banks, banking institutions, trust companies, and savings and
loan associations located in Wisconsin, shall be designated as
county depositories within which may be deposited non - active
deposits of county funds.
Dated this ) ° o- day of , 1986.
FINANCE, BUDGET, BUILDING AND
BOND COMMITTEE
Negative Affirmative