HomeMy WebLinkAboutResolution 54-114RESOLUTION
TIIE CITY COL~ICIL OF T~YE CITY OF COLUmbIA HEIGHTS ~]RF~BY RESOLVV~S~ that the
First National Bank of Mpls. be hereby designated as a deposi'tory
for moneys of the City of Columbia Heights for a period of one year beginning the
1st day of January~ 1955, 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, ~.~hen
signed by the City Treasurer, for-the withdrawal or transfer of funds on deposit
in said Bank in whatever form.
BE IT FLrRT~[ER RESOLVED, That in case such deposits shall at any t~me ex-
ceed Ten Thousand (~I0~000.00) Dollars, said depository shall immediately furnish
bond or securities in lieu of bond according to law, smd 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 28th day of
Offered by: Holm
seconded by: Hosch
Roll Call:
Ayes:
Nays:
Secretary to the Council