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HomeMy WebLinkAboutResolution 47-45To - First >~ational Bank of '~' ~.mnneapolis Minneapolis, Lznnesota This is to certify, that at a meeting of the City Council of the City of Columbia llei~ts, Anokg County, I.Zinnesota, duly called and held on December g0,!gBYthe following resolution was adopoed: RESOLVED, That we hereby designate the ?irst l{ationa! Bank of ~ginne- apo!is, Minneapolis, llinnesota, as a depos~itory for moneys of ~his ~ for a period of one year, begin~ing the Ist day of January , 1948, and the Treasurer of this City is hereby directed to deposit moneys of this City in said bank; and the said First National Bank of l~inneapoiis is here- by authorized and directed to honor and pay any checks or orders, when signed by the Treasurer, for the withdrawal or transfer of funds on deposit in said Bank in whatever form. BE IT FURTh~ER PGES01VED, That in case such deposits shall at any time exceed Five Thousand (~ .wg, O00.00)Dol!ars, said depository shall immediately furnish bond o~ securities in lieu of bond according to !aw, and the Federal Reserve Bank of l~2inneapolis, "' ~ ~mn~esota, is hereby designated as a place for the safe-keeping of all securities furnished in lieu of such bond. Passed this Offered by: Seconded by: Roll Call: Aye s: Nays: 30 day of Y encho December , 1947. V~Eldon All Secr~etary ~o the Council ' ].~a ye r