HOUSE JOINT RESOLUTION NO. 45
AUTHORIZING THE GOVERNOR TO ENTER INTO A CONTRACT WITH F.D.I.C. AND FARMERS BANK.
WHEREAS, on April 2, 1976, Governor Sherman W. Tribbitt; Robert E. Barnett, Chairman of Federal Deposit Insurance Corporation; and Edward W. Hagemeyer, President of Farmers Bank of the State of Delaware, agreed in a Memo of Understanding as to a plan to adopt to revitalize Farmers Bank of the State of Delaware.
BE IT RESOLVED, by the members of the 128th General Assembly, the Governor concurring therein, that the Governor is authorized to enter into a contract with the Federal Deposit Insurance Corporation and the Farmers Bank of the State of Delaware to adopt a plan to restore the Farmers Bank to a viable, competitive institution.
Approved May 20, 1976