HomeMy WebLinkAboutResolution 76-68 OF' COL. UMB ,A HEIGHTS
ADMINISTRATIVE OFFICES
590 40th AVENUE N. E.
COLUMBIA HEIGHTS, MINN. 55421
(612) 788-9221
EQUAL OPPORTUNITY EMPLOYER
OUR NATION'S
BICENTENNIAL
BRUCE G. NAWROCKI, MAYOR
E. ~SEBE~ HE~NTZ~ COUNCILMAN
WALTER LOGACZ, COUNCILMAN
GAYLE R. NORI3ERG, COUNCILMAN
KENNETH E. HENTGES, COUNCILMAN
"SERVICE IS OUR BUSINESS"
RESOLUTION ~.76- e8
DESIGNATING DEPOSITORIES FOR FUNDS OF THE CITY OF COLUMBIA
HEIGHTS FOR THE YEAR 1977
The City Council 6f the City of Co!'~ambia 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 Coiu~ml)ia Heights for a
period of one year beginning the first day of January, '!977, end the
Treasurer of this City is hereby directed to deposit moneys of this City
in said Banks, and the Marquette State Bamk of Cotul~bia Heights, the
Fidelity Bank and Trust Co., and the Third Northwestern National Ban}:
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 FUP. TiiER P, ESOL\rED, that in casa such deposit shall at any time exceed
the sum for which its deposits are insured hnder the acts of Congress of
the United States relating to insurance of bank deposits, said depository
shall irmmediate!y furnish bonder securities in lieu of bond. according to
the law~ and the Marquette Natona! Bank for the Marquette State Bank of
Colu~d~ia Heights, and the Federal Reserve Bank for Fidelity State Bank,
and the Third Northwestern National Bank, are hereby designated as the
places for the safekeeping of all securities furnished in lieu of s,~ch
bond.
Passed this 29th day of Dece~Tber, 1976.
Offered by: Hentges
Seconded by: H0rberg
Roil. Call: A'i] Ayes
G. Nawrocki, M;~yor
Secretary