HomeMy WebLinkAboutResolution 56-228RESOLUTION
THE CITY COUNCIL OF THE CITY O? COLUMBIA 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, 1957, and the Treasurer of this City is hereby directed to
deposit moneys of this City in said bank~ and the Columbia Heights State Bk.
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 exceed
Ten Thousand ($10,000) Dollars, said depository shall immediately furnish bond
of securities in lieu of bond according to law, and the Marquette National
Bank of Mpls. is hereby designated as a place for the safe-keeping of
all securities furnished in lieu of such bond.
Passed this 26th day of December, 1956.
Offered by: Julkowski
Seconded by: Hosch
Roll Call:
Ayes: All
Nays: None
~e'cretary to the Council