HomeMy WebLinkAboutResolution 63-40RESOLUTION
The City Council of the City of Columbia Heights,
H~REBY 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 first day of January, 1964, 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 North-
western 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 tT 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 according to the law, and the Marquette
National Bank for the Columbia Heights State Bank, and the
Federal Reserve Bank for Fidelity State Bank, and the Third
Northwestern National Bank, are hereby designated as the
places for the safe-keeping of all securities furnished in
lieu of such bond.
Passed this 9th day of December, 1964
Offered by: King
Seconded by: Orendorff
Roll Call - All Ayes.
MAYOR