HomeMy WebLinkAboutResolution 53-73 THE CITY CoUNCiL OF THE CITY OF 00L~MBIA ~EIGHTS .~BEBY RESOLVES that the
of the City of Columbia Heights for a period of one yew begiuning ~he 1st day
of jamuary, 1954, ~nd the T:~asurer of this City is hereby directad to deposit
m~aeyw of this City in said bank and the First Natl. Bank of Mplso is hereby
authorized and directed to honor and pay any cheok~ or ordmrs, when signed by the
Oity Treasurer~ for th~ withdrawal or transfer of f~mds on deposit in said Bank
in ~hatev~r form.
BE IT FD~R RE~OLVED Thab in case such deposits shall at auy time exceed
Ten Thousand ($10,000.00) Dollars, said depository shall immediately fur~ish bon~
or securities in lieu of bond according t~ law, and the . Fedeual_ R~s?~rvg.
,B?~1 .. ~
~ .......... ==_is h~reby designated ~s a place for the safe-keeping of all securi-
ties furnished in lieu o£ such bond.
Pazsed this 22nd day of December,
Offered by, De eb~le
Seoo~ed by: ...... Holm
Roll Oall~
.Ayes ~ All
Nays~ None