HomeMy WebLinkAboutResolution 97-74 RESOLUTION NO. 9~- 74
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 81~h day of December, 1997
Offered b y: Rue t t i ma n n
Seconded by: ,~ones
Roll Call: A11 ayes
Joseph S. Sturdevant, Mayor
~~e Studen-t,'Cou]ncil Secreta y.