HomeMy WebLinkAboutResolution 82-64RESOLUTION 82- 64
DESIGNATING DEPOSITORIES FOR FUNDS OF
THE CITY OF COLUHBIA HEIGHTS
The City Council of the City of Columbia Heights, HEREBY RESOLVES, that
the Marquette State Bank of Columbia Heights, the Fidelity Bank and
Trust Co., the Northeast State Bant<, the First Security State Bank of
St. Paul, First Federal, Third Northwestern National Bank, Twin City
Federal and American National Bank of St. Paul be hereby designated
as the depositories for moneys of the City of Columbia Heights, and
the Treasurer of this City is hereby directed to deposit moneys of this
City in said Banks, and the Marquette State Bank of Columbia Heights, the
Fidelity Bank and Trust Co., the Northeast State Bank, the First Security
State Bank of St. Paul, First Federal, and Third Northwestern National Bank,
Twin City Federal and American National Bank of St. Paul 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 deposit shall at any time exceed
the sum for which its deposits are insured under the acts of Congress of
the United States relating to insurance of bank deposits, said depository
shalt immediately furnish bonder securities in lieu of bond according to
the law, and the Marquette National Bank for the Marquette State Bank of
Columbia Heights, the Federal Reserve Bank for Fidelity State Bank, North-
western National Bank for the fiortheast State Bank, ~tidland National Bank
for Twin City Federal, Federal Reserve Bank for Third Northwestern National
Bank, Northwestern National Bank for First Federal, First Bank of St. Paul
for the First Security State Bank oF St. Paul and Federa] Reserve Bank or
Manufactures Hanover Bank and Trust for American National Bank of St. Paul
are hereby designated as the places for the safekeeping of all securities
furnished in lieu of such bond.
Passed this 13th day of December, 1982.
Offered by~ Norberg
Seconded by: Petkoff
Roll Call: All ayes
.,'" /Secretary - - -
/
~,,¢
Bruce G Na~,roc%l, Ma¢or