HomeMy WebLinkAboutResolutions - 1975.05.01 - 14749REPORT May 1, 1975
BY: FINANCE COMMITTEE - Richard R. Wilcox, Chairman
IN RE. DESIGNATION OF BANKS AS DEPOSITORIES IN PUBLIC MONIES, Misc. Res. 7045
TO: THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairman, Ladies and Gentlemen:
As requested by this Board, the Finance Committee has reconsidered
subject resolution as well as the County's Investment Policies and the
Financial Statements of the banks outlined in said resolution.
The Committee reaffirms its action of April 9, 1975 in designating
the Security Bank of Novi; the Detroit Bank of Southfield and the Detroit
Bank of Troy as depositories of County monies.
Mr. Chairman, the Finance Committee by Richard R. Wilcox, its Chairman,
moves adoption of the report.
FINANCE COMMITTEE
Richard R. Wilcox, Chairman
Miscellaneous Resolution 7045 April 9, 1975
BY: FINANCE COMMITTEE - Richard R. Wilcox, Chairman
IN RE: DESIGNATION OF BANKS AS DEPOSITORIES FOR PUBLIC MONEYS
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairman, Ladies and Gentlemen:
WHEREAS there now may be in and hereafter from time to time come unto the hands
of the Treasurer of the County of Oakland, Michigan, certain public moneys belonging to
or held for the State, County or other political units of the State or otherwise according to
law; and
WHEREAS, under the laws of Michigan, this Board is required to provide by
resolution for the deposit of all public moneys coming into the hands of said Treasurer, in
one or more banks; and
WHEREAS the Board by Miscellaneous Resolution #6836 designated and published a
list of authorized depositories; and
WHEREAS it is necessary from time to time to add to the list of designated depositories;
NOW THEREFORE BE IT RESOLVED that the following named Banks be designated as
authorized depository and be duly added to the list of Banks so designated and authorized:
SECURITY BANK OF NOVI
THE DETROIT BANK - SOUTHFIELD
THE DETROIT BANK TROY
BE IT FURTHER RESOLVED that each of the banks so designated is hereby requested,
directed and authorized to honor all checks for payment of money drawn on the various
accounts when bearing or purporting the actual or facsimile signature of the Treasurer of the
County of Oakland or his designated deputies.
The Finance Committee, by Richard R. Wilcox, Chairman, moves the adoption of the
foregoing resolution.
FINANCE COMMITTEE
ORR.
Afisi kiJy
Richard R. Wilcox, Chairman
tHERLTY APPROVE THE FOREGOING RESOLUTION
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#7045 • April 17 7 1975
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Moved by Wilcox supported by Coy that resolution #7045 be adopted.
Discussion followed.
Daniel T. Murphy, County Executive addressed the Board.
Discussion followed.
Moved by Aaron supported by Olson the resolution be referred back to the
Finance Committee.
A sufficient majority having voted therefor, the motion carried.
46. •
#7045 April 9, 1975
The Chairman announced pursuant to Rule XI-E the matter shall be laid over to
the next regular Board meeting.
•
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#049
. •
May V, 1975.
Moved by Wilcox supported by Button the report be accepted.
A sufficient majority having voted therefor, the motion carried.
Moved by Wilcox supported by Daly that resolution #7045 be adopted:
AYES: Douglas, Dunleavy, Fortino, Gabler, Hoot, Houghten, Kasper, Lennon,
McDonald, Moffitt, Montante, Nowak, Olson, Page, Patterson, Pernick, Price, Roth,
Simmons, Wilcox, Wilson, Aaron, Button, Coy, Daly, Dearborn. (26)"
NAYS: None. (0)
A sufficient majority having voted therefor, the resolution was adopted.
•
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Lynn D. Allen, Clerk of the County of Oakland and
having a seal, do hereby certify that I have compared the annexed copy of
Resolution #7045 adopted by the Oakland County Board of Commissioners
at their meeting held on May 1; 1975
with the or:.ginal record thereof now remaining in my
office, and that it is a true and correct transcript
therefrom, and of the whole thereof.
In Testimony Whereof, I have hereunto set my hand and
affixed the seal of said County at Pontiac, Michigan
2nd May la 75 this day of
Lynn D. Allen Clerk
By Deputy Clerk