HomeMy WebLinkAboutResolution 50-50RESOLUTION
THE CITY COUNCIL OF THE CITY OF COLUMBIA ~EIGHTS HEREBY RE-
SOLVES: That the Fidelity State Bank
be hereby designated as a depository for moneys of the City
for a period of h months , beginning the 13thday of
SeptEmber ,1950, and the Treasurer of this City is hereby
directe~ to deposit moneys of this City in said bank~ and
the Fidelity State Bank is hereby authorized and
directed t'o honor and pay any checks or orders, v~en signed
by the City Treasurer, for the ~thdra~a! or transfer of
funds on deposit in said Bank in ~vhatever form.
BE IT FURTHER P~SOLVED~ That in case such deposits shall at
any time e~ceed Five Thousand (~5000.00) Dollars, said
depository shall i~mediate!y furnish bond or securities in
lieu of bond according to la%-, and the Federal Reserve
is hereby designated as a place for the safekeepin~ of all
securities furnished in lieu of such bond.
Passed this 12th day of Sept. 1950.
Offered' by: Spek~!ant
Seconded by: Lange
Roll Call:
Ayes: All
Nays: }!one