HomeMy WebLinkAboutResolution 56-230 THE CITY COUNCIL CF THE CITY OF COLD74BIA HEIGHTS HEREBY RESOLVES that
the Fidelity State Bank be hereby de~ig~atod as a depository
for moneys of the City of Columbia I{eights 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 Fidelity State
~ Bank __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 Ten Thousand ($10,000) Dollars, said depository shall immediately fur-
nish bond or securities in lieu of bond according to law, and 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 26th day of December, 1956.
Offered by: ,h~kowski
Seconde~ by: Hosch
Roll Call:
Ayes:.. A,~
Secretary to the Council