HomeMy WebLinkAboutO-0991 - Designates Rainier National Bank to act as fiscal and cremation agent for city (Special)CIT Y 0 F MAR Y S V ILL E
Marysv~lle,Wash~ngton
ORDINANCE NO.99 1
AN ORDINANCE of the C~ty of Marysv~lle des~gnat~ng,as
author~zed by RCW 43.80.100,ET SEQ.,The Ra~n~er Nat~onal
Bank of Seattle,Wash~ngton,to act as f~scal and crema-
t~on agent for the C~ty of Marysv~lle,subJect to all of
the regulat~ons of sa~d statutes.
BE IT ORDAINED by the C~ty Counc~l of the C~ty of
Marysv~lle as follows:
Sect~on 1.Pursuant to the author~zat~on conta~ned ~n RCW
43.80.110,the Ra~n~er National Bank of Seattle,Wash~nqton ~s hereby
des~gnated as f~scal agent for the C~ty of Marysv~lle for payment of
bonds and coupons thereof,all ~n accordance w~th the requ~rements of
RCW 43.80.100,et seq.
Sect~on 2.The Ra~n~er Nat~onal Bank of Seattle,Wash~ngton,
~s l~kew~se des~gnated as cremat~on agent for the destruct~on of pa~d
and cancelled bonds and coupons ~n accordance w~th the requ~rements of
RCW 43.80.130,prov~ded,however,that the Mayor or the D~rector of
F~nance as h~s delegate to enter ~nto a contractual agreement w~th the
Ra~n~er Nat~onal Bank of Seattle,prov~d~ng for and regulat~ng the de-
struct~on and/or cremat~on of any general or revenue obl~gat~on bonds
or ~nterest coupons that have been cancelled or pa~d after one year from
said cancellation or payment,and further prov~ded that a cert1f1cate of
destruction as required by RCW 43.80.140 giv~ng full descr~pt~ve refer-
ence to the 1nstruments destroyed shall be made by the person or persons
author1zed to perform such destruct~on,and one copy of said cert~facte
shall be f11ed w1th the Off1ce of the F~nance D~rector of the City of
Marysv~lle.No cert~f~cate of destruct10n shall 1tself be destroyed
unt~l all of the bonds and coupons of the ~ssue or ser1es descr1bed there-
on shall have matured and been pa~d or cancelled.
~PASSED by the C~ty Counc~l and APPROVED by the Mayor th~s72dayof_NQ'1 ,1978.
THE CITY OF MARYSVILLE
BY~~..MAYOR
APPROVED