2005-0303
INTRODUCED BY: ALBERT D. LAQUE, PARISH PRESIDENT
(DEPARTMENT OF FINANCE)
RESOLUTION NO.____________
Title
A resolution approving agreement with Hibernia National Bank to hold in safekeeping securities and other such property as may come into its hands by reason of additions made thereto by the St. Charles Parish government either directly or indirectly via investment accounts; and authorizes the Parish President to sign, execute and administer said agreement.
Body
WHEREAS, The Department of Finance currently invests the Parish funds in accordance with the investment policy adopted October 7, 1996; and,
WHEREAS, the Department currently invests the Parish funds with investment entities that may require Safekeeping Custody Agreements; and,
WHEREAS, Hibernia National Bank, a full service financial institution has offered to provide Safekeeping Custody Services for the St. Charles Parish Government; and,
WHEREAS, the administration has determined that Hibernia National Bank has the resources to provide this service.
NOW, THEREFORE, BE IT RESOLVED, THAT WE, THE MEMBERS OF THE ST. CHARLES PARISH COUNCIL, do hereby approve the agreement with Hibernia National Bank for the purpose of safekeeping the securities of the St. Charles Parish Government and authorizes the Parish President to sign, execute and administer said agreement.
Vote
The foregoing resolution having been submitted to a vote, the vote thereon was as follows:
And the resolution was declared adopted this _____ day of ___________, 2005, to become effective five (5) days after publication in the Official Journal.
CHAIRMAN:________________________________
SECRETARY:_______________________________
DLVD/PARISH PRESIDENT:___________________
APPROVED:__________ DISAPPROVED:________
PARISH PRESIDENT:_________________________
RETD/SECRETARY:__________________________
AT:_______________RECD BY:________________