HomeMy WebLinkAboutResolution 96-80RESOLUTION NO. 96-80
RESOLUTION DESIGNATING OFFICIAL DEPOSITORIES AND
SAFE DEPOSIT ACCESS FOR THE CITY OF COLUMBIA HEIGHTS
IT IS HEREBY RESOLVED, that Northeast State Bank, Norwest
Bank, and First Bank National Association are hereby
designated as depositories of the funds of this corporation.
IT IS FURTHER RESOLVED, that checks, drafts, or other
withdrawal orders issued against the funds of this
corporation on deposit with said banks shall be signed by
the following:
Mayor
City Manager
Clerk-Treasurer
and that said banks are hereby fully authorized to pay and
charge to the account of this corporation any checks,
drafts, or other withdrawal orders.
BE IT FURTHER RESOLVED, that the Northeast State Bank,
Norwest Bank, and First Bank National Association as
designated depositories of the corporation be and it is
hereby requested, authorized and directed to honor checks,
drafts or other orders for the payment of money drawn in
this corporation's name, including those drawn to the
individual order of any person or persons whose name or
names appear thereon as signer or signers thereof, when
bearing or purporting to bear the facsimile signatures of
the following:
Mayor
City Manager
Clerk-Treasurer
and that Northeast State Bank, Norwest Bank, and First Bank
National Association shall be entitled to honor and to
charge this corporation for all such checks, drafts or other
orders, regardless of by whom or by what means the facsimile
signature or signatures thereon may have been affixed
thereto, if such facsimile signature or signatures resemble
the facsimile specimens duly certified to or filed with the
Banks by the City Clerk or other officer of his corporation.
BE IT FURTHER RESOLVED, that any and all resolutions
heretofore adopted by the City Council of the corporation
and certified to as governing the operation of this
corporation's account(s) with it, be and are hereby
continued in full force and effect, except as the same may
be supplemented or modified by the foregoing part of this
resolution.
BE IT FURTHER RESOLVED, that all transactions, if any
relating to deposits, withdrawals, re-discounts and
borrowings by or on behalf of this corporation with said
banks prior to the adoption of this resolution be, and the
same hereby are, in all things ratified, approved and
confirmed.
BE IT FURTHER RESOLVED, that any bank or savings and loan
located in the State of Minnesota may be used as
depositories for investments purposes so long as the
investments comply with authorized investments as set forth
in Minnesota Statutes.
BE IT FURTHER RESOLVED, that any brokerage firm located in
the State of Minnesota may be used as a depository for
investment purposes so long as the investments comply with
the authorized investments as set forth in Minnesota
Statutes.
BE IT FURTHER RESOLVED, that the signatures of any one of
the following named City employees are required for access
to safe deposit boxes:
Finance Director
City Manager
Assistant Finance Director
Accounting Coordinator
Passed this 2nd day of December, 1996.
Offered by:
Seconded by:
Roll Call:
Peterson
Jones
All ayes
-A~ne Student ,~uncil
a~or ~oseph Sturdevant
Secretary