The First State Bank of Chico is hereby designated as the official depository of the city. Checking accounts or savings accounts, as authorized by the City Council, shall be established at said bank with the requirement that all checks written against any such account(s) shall require at least two signatures. The authorized persons who may sign city checks are the Mayor, Mayor Pro Tem, or City Secretary.
Editor's note:
State law reference-V.T.C.A., Local Government Code, Chapter 105, requires municipalities to designate an official depository for municipal funds.