City of Philadelphia - File #: 000258

• File #: 000258
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 4/27/2000
• In control: Committee on Finance
• Final action: 6/8/2000
• 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 Sovereign Bank, under certain terms and conditions.
• Sponsors: Councilmember Blackwell
• Indexes: CITY DEPOSITORIES
• Code sections: 19-200 - City Funds-Deposits, Investments, Disbursements, 19-201 - City Depositories

Date	Ver.	Action By	Action	Result	Tally
6/16/2000	0	MAYOR	SIGNED
6/8/2000	0	CITY COUNCIL	READ
6/8/2000	0	CITY COUNCIL	PASSED	Pass	16:0
6/1/2000	0	Committee on Finance	HEARING HELD
6/1/2000	0	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED	Pass	7:0
6/1/2000	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/1/2000	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
6/1/2000	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
4/27/2000	0	CITY COUNCIL	Referred
4/27/2000	0	CITY COUNCIL	Introduced	Pass

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 Sovereign 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:

§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 bank or institutions:

*      *      *

                        (cc)      Sovereign Bank

*      *      *

___________________________________

Explanation:

Italics indicate new matter added.

End