HomeMy WebLinkAboutResolution 50-87RE S 0 L UT I 0 N .5--~--~7
THE CITY COUNCIL OF THE CITY OF COLUMBIA HE!GHTS HEREBY RESOLVES: That the
Columbia Heights State Bank be designated as a deposi-
tory for monies of this City for a period of ..one year, beginning the 1st
day of January ,195.1 , and the Treasurer of this City is hereby
directed to deposit monies of this City in said bank; and the said
Columbia Heights State Bank is hereby authorized and directed to honor
and pay any checks or omders, ~hen signed by the City Treasurer, for the
withdrawal or transfer of funds on deposit in said Bank in v~atever form.
BE IT FURTHER RESOLVED, That in case such deposits shall at any time exceed
Ten Thousand ($10,000oO0) Dollars, said depository shall immediately furnish
bond or securities in lieu of bond according to law, and the
First National Bank of Mpls. is hereby designated as a place for
the safekeeping of all securities furnished in lieu of such bond.
Passed this 26th day of December
Offered by: Yencho
Seconded by: Spekulant
Roll Call:
Ayes: All
a · None
N ys.
1950.