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File #: 050829    Version: 0 Name:
Type: Bill Status: ENACTED
File created: 9/29/2005 In control: Committee on Finance
On agenda: Final action: 12/1/2005
Title: Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements," by amending Section 19-201, entitled "City Depositories," by authorizing the City Treasurer to deposit funds in Wachovia Bank, under certain terms and conditions.
Sponsors: Councilmember Goode, Councilmember Blackwell, Councilmember Reynolds Brown
Indexes: CITY DEPOSITORIES
Attachments: 1. CertifiedCopy05082900.pdf
Title
Amending Chapter 19-200 of The Philadelphia Code, entitled “City Funds - Deposits, Investments, Disbursements,” by amending Section 19-201, entitled “City Depositories,” by authorizing the City Treasurer to deposit funds in Wachovia Bank, under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
 
SECTION 1. Section 19-201 of The Philadelphia Code is hereby amended to read as follows:
 
Section 19-201. City Depositories.
  1. Pursuant to the provisions of Section 6-300 of the Charter, the City Treasurer is authorized to deposit City funds in the following banks or institutions:
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(a) First Union National Bank   Wachovia Bank
 
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Explanation:
 
Strikethrough indicates matter deleted.
Italics indicate new matter added.
 
End