HomeMy WebLinkAboutResolution 58-57RESOLUTION
TP~ CITY COUNCIL OF THE CITY OF COLb~IA HEIGHTS HEEEBY RESOLVES
that the Third Northwestern National 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 Third Northwestern National 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 what-
ever form.
BE IT FURTHER ~SOLVED, that in case such deposits shall at any time
exceed Ten Thousand ($10,OO0.00) Dollars, said depository shall i~uediately
furnish bond or securities in lieu of bond according to law~ and the
Federal Reserve Bardc is hereby designated as a place for ~he safe-keeping
of all securities furnished in lieu of such bond.
Passed this 22nd day of December, 1958
King
Pro fi
Offered by:
Seconded by:
Roll call:
Ayes
Nays
All
None
Secretary to the Council
Mayor - ~ w _