Charter Election Proposition N

Shall Section 11.24 “Town depository” of the Charter of the Town of Addison, Texas, be deleted because the selection and designation of a depository for the Town is exclusively governed by state law?

Impact

Section 11.24 states that Addison will follow state laws regarding the selection and designation of a depository to provide financial services to the Town.  The Town is required to follow state law regardless of the language of this section in the Charter. This proposition recognizes that this section is unnecessary and would remove it from the Charter. The Town would continue to follow applicable state law.