HomeMy WebLinkAboutResolution 53-72 TME CITY COUNCIL OF THE CITY OF C~3LUNBIA NEIGHT8 HEREBY RESOLVES that the
Fidelity State Bank be hereby designated as a depository for moneys
of the City of Columbia ~eights for a period of one year beginning the Ist day
of January, 1954, and the Treasurer of this City is hereby directed to deposit
moneya of this City in said bank and the __ Fi/el~ity state Bank is hereby
authorized and directed to honor and pay any checks or orders, ~hen sighted by the
City Treasurer, for the withdrawal or tranefer of funds on deposit in said Bank
in whatever form.
BE IT FURTHER RESOLVED That in case such deposits shall at any time exceed
Ten Thousand ($10,0OO.00) Dollars, said depository shall immediately furnish bond
or securities in lieu of bond according to law, and the Federal Reserve Bank
__ ~ ........... is hereby designated as a place for the safe-keeping of all securi-
ties furnished in lieu of such bond.
Passed this...22nd.~day of December, 1953.
Offered by: Hosch
Seconded by:__ Deeble
Roll Call~
Ayes :~_ All
Nays:_ _ None
~ecretary to the COuncil ..........
ayor ~ ....