HomeMy WebLinkAboutResolution 50-05RESOLUTION
THE CITY COUNCIL OF THE CITY OF COLUMBIA HEIGHTS HEREBY RE-
SOLVES: That the
Columbia Heights State Bank
be hereby designated as a depository for moneys of this City
for a period of one year, beginning the 1st day of January,
1950, and the Treasurer of this City is hereby directed to
deposit moneys of this City in said bank; and the Columbia
Heig%~ts State Bank
is hereby authorized and
directed to honor and pay any checks or orders, when signed by
the City Treasurer, for the withdrawal or transfer of funds on
deposit in said Bank in whate~er form.
BE IT FUR~.ER RESOLVED, 2'~at in case such deposits shall at any
time exceed Five Thousand ($5000.00) Dollars, said depository
shall immediately fm'nish bond or securities in lieu of bond
according to law, and the __ First National Bank of Mp!s.
is hereby designated as a place for the safekeeping of alt se-
curities furnished in lieu of such bond.
Passed this
Offered by: ~
Seconded by: .....
Roll Call:
Ayes: ~
~ays: ~
24th day of Januar~y, 1950.