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tCABAI U$ COUN I <br /> <br />MEMORANDUM <br /> <br />To~ <br /> <br />From: <br /> <br />Date: <br /> <br />Subject: <br /> <br />John Witherspoon <br /> <br />Blair Bennett <br /> <br />August 29, 1994 <br /> <br />Designation of Bank Depositories <br /> <br />We need to update our records as required by the Local Government a~d Fiscal Control Act. The <br />County must designate official depositories that can be used for deposits of county funds, <br />investment or for the purpose of obtaining financing. I would like to request that authority be <br />granted directing that any banking or saving and loan association with a branch located in <br />Cabarras County be designated as an official depository. Also, the following banks, located <br />outside Cabarrus County, should be designated: NationsBank, Branch Bank & Trust, Southern <br />National and Central Carolina Bank. This will provide for a competitive environment as it relates <br />to investment opportunities and related financing needs for Cabarrus County's future. <br /> <br /> <br />