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HomeMy WebLinkAboutResolution 66-01R SO U XO 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 first day of January, 1966, 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 withdrawal or transfer 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 deposit- ory shall immediately furnish bonder securities in lieu of bond according to the law, and the Marquette National Bank for the Bolumbia Heights State Bank, and the Federal Reserve Bank for Fidelity State Bank, and the Third Northwestern National Bank, are here- by designated as the places for the safe-keeping of all securities furn- ished in lieu of such bond. Passed this 10th day of January, 1966 Offered by: Jeska Seconded by: King Roll Call - All Ayes. S~cretary of the Council