OFFICE OFTHE City Treasurer
Stephanie D. Neely
January 15, 2014
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
I transmit herewith an ordinance designating MB Financial Bank as a municipal depository.
Stephanie D. Neely v Treasurer, City of Chicago
Your favorable consideration of this ordinance will be appreciated. Very truly yours,
121 North LaSalle Street, Room IDG • Chicago, Il BO&OZ • Telephone: 3 12.744.335G
ORDINANCE
WHEREAS, the City of Chicago (the "City") desires to add MB Financial Bank, N.A. as a designated municipal depository ofthe City and ofthe Board of Education ofthe City of Chicago for the purpose of holding and paying interest on municipal deposits, and such financial institution has satisfactorily filed with the City Comptroller the information required by Chapter 2-32 ofthe Municipal Code of Chicago (the "Code"); now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. MB Financial Bank, N.A. is hereby designated as a legal depository for the City of Chicago and the Board of Education of the City of Chicago monies and the Treasurer ofthe City of Chicago (the "Treasurer") may deposit monies received by the Treasurer in MB Financial Bank, N.A. in accordance with Chapter 2-32 of the Code. This designation shall remain in full force and effect from the effective date of this ordinance through and until the effective date of a subsequent ordinance in which comparable designations of legal depositories shall be made.
SECTION 3. To the extent that any ordinance, resolution, rule, order or provision ofthe Code, or part thereof, is in conflict with the provisions of this ordinance, the provisions of this ordinance shall control. If any section, paragraph, clause or provision of this ordinance shall be held invalid, the invalidity of such section, paragraph, clause or provision shall not affect any of the other provisions of this ordinance.
SECTION 4. T...
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