HomeMy WebLinkAboutResolution 50-06RESOLUTION
THE CITY COUNCIL OF THE CITY OF COLLU~BIA HEIGHTS HEREBY RE-
SOLVES: That the First National Bank of Minneapolis____
be hereby designated as a depository for moneys of this City
for a period of one year, beginning the 1st day of January,
1980, and the Treasurer of this City is hereby directed to
deposit moneys of this City in said bank; and the First
National Bank of Mpls. 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 whatever form.
BE IT FURTHER RESOLVED, That in case such deposits shall at any
time exceed Five Thousand ($8000.00) Dollars, said depository
shall immediately furnish bond or securities in lieu of bond
according to law, and the Federal Reserve Bank of Minneapolis
is hereby designated as a place for the s:afekeeping of all se-
curities furnished in lieu of such bond.
Passed this 2~th day of January, 1980.
Offered by: ~
Seconded by:
Roll Call:
Aye s: ~ ....