HomeMy WebLinkAboutResolution 68-51RESOLUTION
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, 1969, 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 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
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 30th day of December, 1968.
Offered by: Land
Seconded by: King
Roll Call: Ail Ayes.
Secretary to the Council