HomeMy WebLinkAboutResolution 52-02RESOLUTION
TUE CITY COUNCIL OF ~HE CITY OF COLUNBIA' HEIGHTS IfE~EBY FESOLVES that
the Fidelity State B~k . ...... ~ here~ designa~d ~ a
depository for moneys of t~ City of Col~bia Meights for a ~riod of
~ing the =~st .... ~ay of =~nna~y ..... , 19~2, and ~e Treas~r of
this City is he.by di~c~d to deposit moneys of this City ~ said b~k; ~d
~e Fidelity State Bank is hmreby authorized a~ direc~d to
honor ~d pay ~y checks or o~ers, w~n ~i$~ed by the City T~~r, for the
~ithdrawal or~ tr~sfer of f~ds on deposit ~ sa~ B~k ~ whatever fo~.
~ IT t.'UR~Et{ ~SOL~, That ~ case such deposits sh~l at a~ t~e
exceed Ten Thous~d (~0,0~.00) Do~s, said depository sha~ ~e~ately
f~ish ~nd or sec~ities ~ lieu of ~nd acco~ to law, ~d the
_._ FedeEa,1 .~eser~e Bank is hereby designated as a pl~e for the s~e-
keepi~ of all securities f~ished in lieu of such ~nd.
Passed thio ~ ~tk d~ of January, 1952.
Offered ~: .... L~u~e _.
S~conded ~:
~ll C~l~
Ayes :~ AI!~
Nays;