HomeMy WebLinkAbout1938-03-30 (Regular) Meeting Minutes6
srECIAl MEETING OF THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COlORADO,
HElD llARCH 30,.1938.
ayor Pro-Tem Carl Coombs called the meeting to order and asked tor loll Call.
ROlL CALL:
Jenkins Absent
Dunning Present
Coombs Present Dolezal Present
Walker Absent Weigand Present
4 Present Absent 2
RESOLUTION
WHEREAS the sureties tor the Treasurer ot the City ot Englewood haYe
become alarmed oYer the uncertainty of the protection afforded the City tunds
by the Federal Deposit Insurance Corporation, and
WHEREAS it is impossible to determine whether each of the funds of the
City in the local bank are insured up to $5,000.00 or whether 15,000.00 is the
total prot6ction to the entire deposit ot the City in aach bank, and
wqEREAS Cleveland and Miller, Inc., agents !or the Columbia Casualty Com-
pany, the sureties aforesaid, have demanded that the funda of the City be distributed
a mon g Colorado banks so that the deposit or the City shall not exceed t4,500.00
in any one bank _. any one time,
NC. THEREFORE BE IT RESOLVED: By the City Council ot the City ot Englewood,
that the City Treasurer, Mr. A.B. Honeywell, be, and he hereby ia authorised,
instructed and directed to withdraw all tunds ot the City ot Englewood in excess
ot $4,500.00 in any one bank and to deposit said funds in amounts not to exceed
$4,500.00 in the aggregate in the following banks:
The First National Bank of Inglewood
The Littleton National Bank ot Littleton
The National City Bank ot Denver
The Colorado State Bank ot Denver
The Colorado National Bank ot Denver
The First National Bank ot Denver
The United States National Bank or Denver
The Denver National Bank or Denver
BE IT FURTHER RESOlVED: That the said City Treasurer be, and he hereby ia,
instructed and directed to keep the deposit of the City in each ot the said
banks below the maximum sum of $4,500.00 •
Alderman Dunning moved,)
Coombs seconded,)
ROll CAll.:
Jenkins Absent
Dunning Aye
4 Ayes
Al d erman Coombs moved,)
Weigand seconded,)
ROl 1 CAll:
Jenkins Absent
Dunning Aye
4 Ayes
the adoption or the foregoing resolution.
Coombs Aye
Walker Absent
Nays none 2 Absent.
Dolezal Aye
Weigand Aye
that this Special Meeting adjourn.
Coombs Aye
Walker A)aent
Nays none 2 Absent
Dolezal Aye
Weigand Aye
Minutes ot the Special Meeting stand approved as ___ r_e_a_d __ this 11th day ot
April, 1938,
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