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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 OCK~'