HomeMy WebLinkAboutResolution 75-05CITY OF COLUMBIA HEIGHTS
ADMINISTRATIVE OFFICES
EQUAL QPPQRTUNITY EMPLQYER
· COLUMBIA HEIGHTS, MINNESOTA 55421
RESOLUTION #75-5
DESIGNATING DEPOSITORIES FOR FUNDS OF THE CITY OF COLUMBIA HEIGHTS
FOR THE YEAR ]975
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., 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, 1975, 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 & Trust Co., and the Third Northwestern 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 de-
posit in said banks in whatever form.
BE IT FURTHER RESOLVED, that in case such deposits 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 shall
immediately furnish bonder securities in lieu of bond according to the ]aw,
and the Marquette National Bank for the Marquette State Bank of Columbia
Heights, 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 27th day of January, 1975
Offered by: Heintz
Seconded by: Logacz
Roll Call: All Ayes
Sec re ta !Y~,
Bruce G. Nawrocki, Mayor