HomeMy WebLinkAboutResolution 75-68788-9221
CITY OF COLUMBIA HEIGHTS
ADMIINISTRATIVE OFFICES
EQUAL OPPOR TUN!TY EMPLOYER
COLUMBIA HEIGHTS, MINNESOTA 55421
RESOLUTION ~75-68
DESIGNATING DEPOSITORIES FOR FU~NDS OF THE CITY OF
COLU~,~IA HEIGHTS FOR THE YEA_~ 1976
The City Co~u~ci! 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
North~est'ern ~[ationa! 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, 197S,
and the Treasurer of th±s City is hereby directed to deposit
moneys of this City in said Banks, and the ,._arqu~=te State
Bank of Colu~mbia Heights, the Fidelity Bank & Trust Co., and
the Third N~rthwestern National Bank are hereby authorized and
directed to honor ~nd pay any checks or orders, when signed by
the City Treasurer for,the ~zithdra~a! or transfer of funds on
deposit in said banks in whatever form.
BE IT ~URTHER P~ESOLVED, 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 shall i~mediately
furnish bonder securities in lieu of bond according to
law, and the ~4arquette National Bank for the .Marquette State
Bank of Col~mbia Heights, ~_d the Federal Reserve Bank for
Fidelity State Bank, ~nd the Third Northwestern National
Bank, are hereby designated as the D!acas for the safe-
keeping of al! securities furnished in lieu of such bond.
Passed this 22nd day of December, 1975.
'Offered by: Norberg
Seconded by: Land
Roll Call: Ali Ayes
Secretary
~%~uce G. Nawrocki, Mayor