11.A.
Authorized Depository Town Banks per G.S. 159-31
To: Mayor and Board of Commissioners
From: Julie Niswonger, Finance Director
Action Requested:
This Resolution designates the banks listed as official depositories for the Town of Cornelius per N.C.G.S 159-31. This list will need to be updated from time to time as the Town may work with a new depository for a new investment such as a CD.
Manager's Recommendation:
Approve list of banks as presented.
ATTACHMENTS: