HomeMy WebLinkAboutResolution 57-118RESOLUTION
THE CITY COUNCIL OF THE CITY OF COLUMBIA HEIGHTS HEREBY RESOLVES that the
Thf~d~Pthwestern Na~0nal 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, 1958, and the Treasurer of this City is hereby directed to deposit moneys
of this City in said bank and th~ T~£rd~N~rtHwe~te~n.~ati6nal is hereby
authorized and directed to honor and pa)- 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 ($10,000.00) Dollars, said depository shall immediately furnish bond
or securities in lieu of bond according to law, and the Federal Reserve Bank
L ~s hereby designated as a place for the safe-.keeping of
all securities furnished in lieu of such bond.
Passed this 23rd day of December, 1957.
Offered by:.
Seconded by: King .
Roll Call:
Ayes:
Nays:
Secretary to %he Council