HomeMy WebLinkAboutResolution 54-13RESOLUTION
THE CITY COUNCIL OF THE CITY OF COLUMBIA HEIGHTS HEREBY RESOLVES that the
Columbi~ Heights State Bank be hereby designated as a depository for moneys of the
City of Columbia Heights for a period of one year beginning the 1st day of January~
195h~ and the Treasurer of this City is hereby directed to deposit moneys of this
City in said bank and the Columbia HeightsState Bank is hereby authorized and dir-
ected to honor and p~y 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 RESOLVES~ That in case such deposits shall at any time exceed
Ten Thousand (~10,000.OO) Dollars, said depository shall immediately furnish bond
or securities in lieu of bond according to laws and the First National Bank and the
Marquette National Bank are hereby designated as places for the safe-keeping of all
securities furnished in lieu of such bond.
Passed this_ 9th~d~Y of Mar~eh, 19~.
Offered by:_. Wolm
Seconded
Roll Call:
Ayes: All
Secretary to the Council