HomeMy WebLinkAboutResolution 51-01 WHEREAS,~ thSr~'are surplus funds temporarily available,
primarily in the Sinking Fund,~
AND WNERF~, The Columbia Heights State Bank has offered
to pay ~w~ per cent interest per annum on time deposits on a
basis of s'ix-months minimum deposit,.
NOW TRE~RE BE IT RESOLVED by the City. Council of the
City ef Columbia Heights, that the sum of Forty Thousand
Dollars ($40,~O00.OO) be placed on Time Deposit in said Columbia
Heights State Bank,,~for a period of six to twelve months, at
the option of the city effective immediately.
Passed this 9th day of January, 1951.
Offered by:
~ Tren, c2,,
Seconded by:
Roll Call: Ayes
Nays
~cretary o the-Council