HomeMy WebLinkAboutResolution 56-229RESOLUTION
THE CITY COUNCIL OF THE CITY OF COLUMBIA HEIGHTS HEREBY RESOLVES that
the First National Bank be hereby designated as a depository
for money~ 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 direct-
ed to deposit moneys of this City in said bank, and the First National
Bank of Mpls. 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 ti~e
exceed T~n Thousand ($10,OO0) Dollars, said depository shall immediat~!y fur-
nish bond or securities in lieu of bond according to law, and th'e Federal
Reserve Bank 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:
Seconde~ by:
Roll Call:
J~lkowsk~
Hosch
Ayes: Ai~
Nays:. None
Secretary to the Council