HomeMy WebLinkAboutResolution 62-44RESOLUTION
THE CITY OF COLUMBIA HEIGHTS CITY COUNCIL, HEREBY 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
City of Columbia Heights for a period of one year beginning the
first day of January, 1963, 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 Chicago-Lake 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
w'ithdrawal or transfer of funds on depcsit 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 bonder securities in lieu of bond accord-
ing to the law, and the Marquette National Bank for the Columbia
Heights State Bank, and Chicago-Lake State Bank; and the Federal
Reserve Bank for Fidelity State Bank, and the Third Northwestern
National, are hereby designated as the places for the safe-keeping
of all securities furnished in lieu of such bond.
Passed this 20th day of December, 1962
Offered by: McCline
Seconded by: Orendorff
Roll Call - Ail Ayes.
Secretary to City Counci±