HomeMy WebLinkAboutResolution 64-33RESOLUTION
The City Council of the City of Columbia Heights, HEREBY
RESOL\~S, that the Cotu~bia 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~ 1965, an~ the Treasurer of this City is hereby directed
to deposit moneys of this City in said Banks, and the Cotun~ia
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
Treasurert for the withdrawal or transfer of funds on deposit in
said banks in whatever form.
BE IT Fb~THER RESOL\~D~ that in case such deposits shall at any
time exceed Ten Thousand ($t0,000.00) Dollarst 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 Feder~! 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 28th day of December~ 1964
Offered by: Land
Seconded by: King
Roll Call - All Ayes.
Secretary to City Council
t~AYOR ~