RESOLUTION AUTHORIZING HIS HONOR, THE CITY MAYOR TO ENTER INTO A MEMORANDUM OF AGREEMENT WITH PRODUCERS SAVINGS BANK CORPORATION RELATIVE TO ITS CREDIT/LOAN OFFER FOR ELECTED OFFICIALS AND REGULAR EMPLOYEES OF THE CITY GOVERNMENT, SUBJECT TO THE SPECIAL PROVISION IN THE GENERAL APPROPRIATIONS ACT PARTICULARLY ON AUTHORIZED DEDUCTIONS FOR EMPLOYEES, AND RATIFICATION BY THE SANGGUNIANG PANLUNGSOD