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Amending Section 19-201 of The Philadelphia Code, entitled "City Depositories," by authorizing the City Treasurer to deposit funds in M&T Bank, under certain terms and conditions.

AI summary

This enacted bill amends Philadelphia’s rules for city depositories to authorize the City Treasurer to deposit city funds in M&T Bank. The authorization is subject to the terms and conditions in the city code.

File details

Status
ENACTED
Introduced
September 24, 2009
Sponsors
Anna Cibotti VernaMarian B. Tasco
View official record ↗

Full text

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 banks or institutions:

* * *

(l) M&T 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 actionMAYOR

    Signed

  2. Council actionCITY COUNCIL

    Read

  3. Council actionCITY COUNCIL

    Ordered placed on next week`s second reading calendar

    Council actionCITY COUNCIL

    Read

  4. Council actionCITY COUNCIL

    Ordered printed and placed on next first reading calendar

  5. Council actionCommittee on Finance

    Reported favorably

    Council actionCommittee on Finance

    Hearing held

    Council actionCommittee on Finance

    Hearing notices sent

  6. Council actionCITY COUNCIL

    Introduced

    Pass
    Council actionCITY COUNCIL

    Referred