HomeMy WebLinkAboutResolution 62-17 RE SOL U T I O N
THE CITY OF COLUMBIA HEIGHTS CiTY COUNCIL, ~Y RESOLVES that the
Columbia Heights State Bank, the Fidelity state Bank, the Third Northwestern
National Bank, and the Chicago-Lake State Bank be hereby designated as~ the
depositories for moneys of' the Ciby of ~Columbia Heights for a period of one
year beginning the first day-of January, 1965, and the Treasurer of this
City ishereb~ directed to deposit moneYs of this City in said banks, and the
Columbia Heights State Bank~ the Chicago-Lake State Bank, the Fidelity State
Bank~ and the Third Northwestern National Bank are hereBY authorized and
directed t° honor ahd pay ~ny chec~ 'or orders, when ~signed, by the City
Tre~sldrer· for' 't]~e withdrawal or transfer of funds on deposit in said banks
in whatever form. ~
BE IT FURTHER RESOLVED, ' that in case such deposit~shall at any time
eXCeed Ten Thousand ($10,O00.O0)~Dollars, Said dePssitory sh~ll immediate!y
f~ish bon~br ~S~curi~ies~ in lieu Of bo~d acS0rding t$ the law~ and~the-
M~quett~ ~N~bionaI BJ~mk Tbr tH~' ~Cblumbia H~ights state Bank am~ Chicago-Lake
S~A~t~e BAnk ~8 the Federal ReS~erve Bank for Fidelity State' Bank, and the
Thir~ Northwestern ~N~tiOnal' are~herebY designated as the places for the
safe-keeping of all securities furnished in lieu of such bond.
Passed this 23rd day of ~pril,
wroc i
seconded ~by.: King
1962
Roll Call - All Ayes.
Secretary to Gity Council