HomeMy WebLinkAboutResolution 58-54RESOLUTION
THE CITY COUNCIL OF THE CITY OF COLUMBIA ~EIGHTS HEREBY RESOLVES
that the Fidelity 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 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 PURTHER 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 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: Ki .ng.
Seconded by: Proft
Roll call:
Ayes A11
Nays None
Secretary ~o the Comncil