HomeMy WebLinkAbout1976 Ordinance No. 060•
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INTRO DUCED AS A BILL BY COUNCILMEN MANN AND WILLIAMS
BY AUTHORITY
ORDINANCE NO. 60 , SERIES OF 19 7 6
AN ORD INANCE AMENDING SECTION 2(c), CHAPTER 6, TITLE XIII,
OF THE 1969 ENGLEWOOD MUNICIPAL CODE, RELATING TO COLLATERAL
SECURIT IES ON BANKS HOLDING CITY CASH DEPOSITS.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL
OF THE CITY OF ENGLEWOOD, COLORADO, as follows:
Section 1.
That Section 2(c), Chapter 6, Title XIII, of the 1969
E.M.C. is hereby amended to read as follows:
13-6-2: INVESTMENTS: COLLATERAL SECURITIES:
INTEREST INCOME
The Director of Finance, ex officio City Clerk-
Treasurer, shall invest all funds and moneys not
immediately needed for the operating expenses of
the City except for the Firemen's Pension Fund,
the Police Pension Fund, and the City Employees
Pension Fund, as follows:
(c) Said Director shall require collateral
securities whose pa• MARKET value is at
least one hundred percent (100%) of the
deposits held by any bank in the State of
Colorado in the name of the City of Engle-
wood. These collateral securities shall
be those designated in Article ~ 75, TITLE
24, ehapee•-8~, of the 1973 Colorado Revised
Statutes, as amended.
Introduced, read in full and passed on first reading
on the 1 5 th day of November, 1976.
Published as a Bill for an Ordinance on the 17th day
of Nove mber, 1976 •
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Read by title and passed on final reading on the
7th day of December, 1976.
Published by title as Ordinance No.
of 1976, on the 8th day of December, 1976.
ATTEST:
ex officio ~ Clerk-Treasurer
60 , Series -------
I, William D. James, do hereby certify that the
above and foregoing is a true, accurate and complete copy
of the Ordinance, passed on final reading and published by
title as Ordinance No. 60 , Series of 1976 •
ex officlC23'1ty Clerk-Treasurer
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