HomeMy WebLinkAboutResolution 56-02RESOLUTION
THE CITY COUNCIL OF THE CITY OF COLt~.~BIA HEIGHTS HEREBY RESOLVES that the
Columbia 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, 1956, and the Treasurer of this City iS hereby directed to
.deposit moneys of this City in said bank and the_ Col. Hei~hts~State Rank
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 Bank in whatever form.
BE IT FURTHER RESOLVED, That in case such deposits shall at any time ex-
ceed Ten Thousand ($10,000.00) Dollars~ said depository shall immediately ftu~nish
bond or securities in lieu of bond according to law, and the Marquette
_ Na. tional Bank ,__iS hereby desiguatecI as a place for the safe-keeping of
all securities furnished :hu lieu of such bond.
Passed this 10th day of January, 1256.
Offered by: Holm
Seconded by:
Roll Call:
Hosch
Ayes: All
Nays: