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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 Fulton Bank, National Association, under certain terms and conditions.

AI summary

This enacted ordinance adds Fulton Bank, National Association, to the list of institutions where the City Treasurer may deposit City funds. It took effect immediately and does not require the City to deposit funds there.

File details

Status
ENACTED
Introduced
January 25, 2018
Sponsors
Derek S. Green
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:

(j)

U.S. Bank

;

(l)

Fulton Bank, N. A.

SECTION 2. This Ordinance shall take effect immediately.

___________________________________

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

  3. Council actionCITY COUNCIL

    Read and ordered placed on next week's second reading calendar

    Council actionCITY COUNCIL

    Suspend the rules of the council

    Pass
    Council actionCITY COUNCIL

    Ordered placed on this day`s first reading calendar

  4. Council actionCommittee on Finance

    Reported favorably, rule suspension requested

    Council actionCommittee on Finance

    Hearing held

    Council actionCommittee on Finance

    Hearing notices sent

  5. Council actionCITY COUNCIL

    Introduced and Referred

    Pass