HomeMy WebLinkAboutResolution 58-53 ~HE CITY COUNCIL OF THE CITY OF COLUNBIA 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, 1959, and the Treasurer of this City is hereby directed to deposit
moneys of this City in said b~uk and the Columbia Heights State B~nk is hereby
authorized and directed to honor and pay ~ny checks or orders, when signed by
the City Treasurer, for the withdrawal or transfer of funds on deposit in s aid
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 Marquette National Bank
is hereby designated as a place for the safe-keeping of all securities furnished
in lieu of such bond.
Passed this 22nd day of December, 1958
Offered by: King
Seconded by: Proft
RoLl call: All Ayes.
Ayes All
NAYS None
Mayor