HomeMy WebLinkAboutResolution 60-05RESOLUTION
THE CITY COUNCIL OF THE CITY OF COLUMBIA HEIGHTS, I~EREBY
RESOLVES that the Columbia Heights State Bank, the Fidelity
State Bank and the Third Northwestern National Bank, be hereby
designated as the depositories for moneys of the City of Columbia
Heights for a period of one year beginning the 1st day of January,
1960, and the Treasurer of this City is hereby directed to deposit
moneys of this City in said banks and the Columbia Heights State
Bank, the Fidelity State Bank and the Third Northwestern National
Bank are 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 Banks in
whatever form.
BE IT FURTHER RESOLVED, that in case such deposits shall at any
time exceed Ten Thousand ($10,000.00) Dollars, said depository
shall immediately furnish bond or securities in lieu of bond
according to law, and the Marquette National Bank for the
Columbia Heights State Bank; and the Federal Reserve Bank for
the Fidelity State Bank, and the Third Northwestern National,
is hereby designated as a place for the safe-keeping of all
securities furnished in lieu of such bond.
Passed this 8th day of February, 1960
Offered by: McCtine
Seconded by: Orendorff
Roll Call - Ail Ayes.
Secretary to City Council
MAYOR