HomeMy WebLinkAboutResolution 53-03R E SOL U T I 0 N ~3-3
THE CITY COUNCIL OF THE CITY OF COLUMBIA HEIGHTS HEREBY RESOLVES that the
First National Bank of Mpls, be hereby designated as a depository
for moneys of the Oi%y of Columbia Heichts for a period of one year be¢inning the
1st day of January, 1953, and the Treasurer of this City is hereby directed to
deposit moneys of this City in said bank~ and the First National Bank
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 ex-
ceed Ten Thousand ($10,O00.00) Dollars, said depository shall immediately furnish
bond or securities in lieu of bond according to law, ~nd the Federal
Reserve Bank is hereby designated as a place for the safe-keeping of
all securities furnished in lieu of such bond.
Passed this . !3thday of January, 1953.
Offered by: Deeble
Seconded by :, Spekulant
Roll Call:
Ayes: All
Nays:
Secretary to the Council '