HomeMy WebLinkAboutResolution 53-74 RE S O L UT I O N ~--7/
THE CITY COUNCIL OF THE CITY OF COLUMBIA HEIGHTS HEREBY RESOLVES that the
Coltu~bia Heights State Bank be hereby designated as a deposito~ for moneys
of the City of Columbia Heights for a period of one year beginning the 1st day
of January, 19~, and the Treasurer of this City is hereby directed to deposit
moueys of this City ~m said bank and the Col. Heights State 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 Bard~
in whatever form.
BE IT FURTHER RESOLVED That in case such deposits shall at any tree exceed
Ten Thousand ($10~00Oo00) Dollars, said depository shall immediately furnish bond
or securities in lieu of bond according to law, and the First National Bank
of Minneapolis 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: 19~3o
Offered by: Knutson
Seconded by: Hosch
Roll Call:
Ayes: All
Nays: Nays
Secretar~ to the Council