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HomeMy WebLinkAboutResolution 77-87CITY OF CITY OF COLUMBIA HEIGHTS 590 40th Ave. N. E. ~-~:~C~l~b',~_H~igh ts~-MNL55421 (612) 788.9221 "SERVICE iS OUR B~NEss'7 RESOLUTION ~77-87 DESIGNATING DEPOSITORIES FOR FUNDS OF THE CITY OF COLUMBIA HEIGHTS FOR THE YEAR 1978 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 Third Northwestern National Bank, and the Northeast State 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, 1978, 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 Third Northwestern National Bank, and the Northeast State 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 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 shall 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, the Third Northwestern National Bank, and Northwestern National Bank for the Northeast State Bank are hereby designated as the places for the safekeeping of all securities furnished in lieu of such bond. Passed this 27th day of December, 1977. Offered by: Hentges Seconded by: Heintz Roll Call: Ail Ayes Secretary Bruce G. Nawrocki, Mayor Bruce G. Nawrocki, Mayor E. "Sebe" Heintz, Councilmernber Walter Logacz, Councilrnember Gayle R. Norberg, Councilmember Kennth E. Hentges, Councilmember EQUAL OPPORTUNITY EMPLOYER