---
urn: urn:us-la:rs:39:1216
citation: "R.S. 39:1216"
status: active
breadcrumb: "Title 39 › Subtitle II › Chapter 7 › Part I"
acts_citations:
---

# Depositing authorities located in parishes or municipalities of over one hundred thousand; supplemental private contracts with banks

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.