HomeMy WebLinkAboutResolution 32-12RESOLUTION
BE iT RESOLViD BY THE CITY OF COLN~!A P~,!GHTS:
That the Central National Bank, of the City of
~tinneapolis, County of Hennepin, State of N1inr~sota,
be and the se~le hereby is designated as a depositary
for the funds of the City of Col~bia Heights.
That the City Treasurer b~ and she hereby is
authorized to deposit city funds in said Bank.
That said depository, Central National B~k,
shall f~nish such bonds or collateral to the ~ity
of Col=abia Heights for such deposits as are provided
for by the Laws and Statutes of the State of Minnesota
governing the de '~osit and securing of public funds.
That such co!tatera!, if and when so furnished
shall be, after approval, deposited with the Federal
Reserve Ba~, in the City of ~,~inneapolis, }finnesota.
That all deposits in said depository shall be
made by the city treas~er pursuant to and in full
conformity with the Laws ~d Statutes of the State of
}~innesota governing the deposiZing of public f~ds.
Offered by
Roll call
Aye s ~~~ Naye s
Mayor