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Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements," by adding Hudson United Bank to the list of City depositories.

AI summary

This lapsed bill would have amended Philadelphia’s rules for depositing and managing City funds by adding Hudson United Bank to the list of banks authorized to hold City deposits. It concerned the City’s depository options and the City Treasurer’s ability to place funds in those institutions.

File details

Status
LAPSED
Introduced
May 15, 2003
Sponsors
Jannie L. Blackwell
View official record ↗

Full text

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Chapter 19-200 of The Philadelphia Code is hereby amended to read as follows:

CHAPTER 19-200.

CITY FUNDS - DEPOSITS, INVESTMENTS, DISBURSEMENTS.

§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:

* * *

( )

Hudson United Bank

* * *

____________________________

Explanation:

Italics

indicate new matter added.

End

File history

Sometimes city council's record keeping is not complete. This timeline reflects the information on the council's legistar website.
  1. Council actionCITY COUNCIL

    Introduced

    Pass
    Council actionCITY COUNCIL

    Referred