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HomeMy WebLinkAboutResolution 45-53 BE IT ~BY RESOLVED by the City Council of the City of Columbia Heights that we hereby designate the First .atlona! Bank, the Fidelity State Bam2,: end the Colu~foia Heights State Bank as depositQries for moneys of this city for a period of 1 .. year, beginning the 1st dsy of J,~.nusry, 1946, ~nd the Treasurer of this city is hereby directed to deoosit moneys of this city in said barD, s; an.~ the said First National Bank, Fidelity State Bank and Colt~foia Heights State Ba?ik are hereby authorized and directed to honor and p,~y ads- checks or orders, when signed bl.' the Treasurer, for the withdrawal or transfer of funds on deposit in ssid Ba~u~s in whst- ever form. BE IT FURTHER RESOLVED, That in case such deposits shall at sr4~ time exceed Fi e Thousand ($5,000.00 Dollars, said deoositories shsll i~.~medi~,tely furnish bond or securities in lieu of bond according to law, and the Federal Reserve Bsr~k of ~[ols. s~d/or the First }~ational B~rf~ of Minneapolis 2.re hereby designated as ~l~ces for the safekeeping of all securities furnished in lieu of such bonds. Passed this ~ dsy of .////'~ ~. ~,~, , 1945. Offered by: Seconded by .~~..~ Roll Call: ~es: Secr~ary to the Co--il/