Louisiana § 39:1216 Depositing authorities located in parishes or municipalities of over one hundred thousand; supplemental private contracts with banks

Louisiana Statutes

§ 39:1216 — Depositing authorities located in parishes or municipalities of over one hundred thousand; supplemental private contracts with banks

Louisiana § 39:1216

Title 39Procurement and Contract

This text of Louisiana § 39:1216 (Depositing authorities located in parishes or municipalities of over one hundred thousand; supplemental private contracts with banks) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 39:1216 (2026).

Text

If a local depositing authority, located in whole or in part in a parish or municipality having a population of over one hundred thousand finds existing contracts, or any subsequent contracts, inadequate to meet its needs and requirements, it may enter into such a supplemental contract with any bank within or without the state as is deemed necessary best to meet its needs and requirements; provided, that all of the provisions of this Chapter, with respect to security for deposits and other requirements are complied with.

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If a local depositing authority, located in whole or in part in a parish or municipality having a population of over one hundred thousand finds existing contracts, or any subsequent contracts, inadequate to meet its needs and requirements, it may enter into such a supplemental contract with any bank within or without the state as is deemed necessary best to meet its needs and requirements; provided, that all of the provisions of this Chapter, with respect to security for deposits and other requirements are complied with.