HomeMy WebLinkAbout630208.tiffDESIGNATING DEPOSITORIES FOR FUNDS
WELD COUNTY, COLORADO:
WHEREAS, Colorado Revised Statutes of 1953, 83-1-3, has now been amended
by 1962 Session Laws, Page 179 to read "Association agrees to pay earnings or
dividends," thereby making it legal for the Treasurer of Weld County, Colorado to
make deposits therein, and
WHEREAS, the Weld County Treasurer has requested authorization to deposit
county money in the following banks:
The Northern Colorado Savings and Loan Association
Greeley, Colorado
The Empire Building, Savings and Loan Association
Greeley, Colorado
The Mountain Savings and Loan Association
Greeley, Colorado
and,
WHEREAS, the Board of County Commissioners, Weld County, Colorado believes
it to be in the best interests of the County to authorize the Treasurer of Weld
County to make said deposits.
NOW, THEREFORE, BE IT RESOLVED, by the Board of County Commissioners,
Weld County, Colorado, that the County Treasurer, Charles 0. Bursiel, be and he
is hereby authorized to make deposits in said depositories, provided said
depository banks shall tender and said County Treasurer shall accept bonds or
other interest bearing securities, as provided by law, which shall have a market
value which shall equal or exceed, by at least ten per cent, the amount of such
deposits; provided, however, that security for such deposits shall not be required
to the extent that said deposits are insured under the provisions of Section 12 (b)
of the Federal Reserve Act, as amended or any amendments thereto.
The above and foregoing resolution was, on motion duly made and seconded,
adopted by the following vote:
AYES: rt�.cf. e d.
zz t1�
THE BOARD OF COUNTY COMMISSIONERS
DATED: March 13, 1963 WELD COUNTY, COLORADO
630206
Minute Book 32:Page ? 5 j
CHARLES O. BURSIEL. TREASURER
F. M. LOUSTALET. DEPUTY
Board of County Commissioners,
Weld County, Colorado.
OFFICE OF
COUNTY TREASURER
BOX 458
\G E'E O:'p,,
March 5, 1963
Dear Sirs:
Reference is made to Colorado Revised Statutes
of 1953 83-1-3
I have never deposited money in Ravings & Loan
Associations because legally they did not pay INTEREST.
However, this law has now been amended by 1962
Session Laws Page 179 to read " Association agrees to pay earnings or dividends"
which now makes it legal for me to do so.
If you agree, will you please furnish me with a
resolution authorizing deposits of county money in the following;
The Northern Colorado Savings & Loan Association, Greeley
The Empire Building, Savings & Loan Association, Greeley
The Montatain Savings & Loan Assoq4ation, Greeley
WELD CO. COMMISSIONERS
G'ESLEY, COLO.
RECEIVED
MAR5 1963
9 ' 0?;1P11111211i?I?13ibie
4
Hello