HomeMy WebLinkAboutResolution 68-03RESOLUTION
The City Council of the City of Columbia Heights, HEREBY RE-
SOLVES, that the Columbia Heights State Bank, the Fidelity State
Bank, and the Third Northwestern National Bank, be hereby desig-
nated as the depositories for moneys of the City of Columbia
Heights for a period of one year beginning the first day of
january, 1968, 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 IT FURTHER RESOLVED, that in case such deposits shall at any
time exceed Fifteen Thousand (SI5,000.00) 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 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
~ieu of such bond.
Passed this 22nd day of January, 1968
Offered by - Jeska
Seconded by - King
Roll Call - Ail Ayes.
Secretary to the Council
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