HomeMy WebLinkAboutResolution 60-37RESOLUTION
THE CITY COUNCIL OF THE CITY OF COLUMBIA HEIGHTS, HEREBY
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, 1961, 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 withdrawals or transfers 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 acconding 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 Bank is hereby designated as a place
for the safe-keeping of all s
ecurmnles furnished in lieu of such Bond.
Passed this 27th day of December, 1960
Offered by:
Seconded by:
Roll Call -
Chies
Orendorff
Ail Ayes.
Secretary to City Council
MAYO