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HomeMy WebLinkAboutAug 11, 19320~FICIAL PROCEEDINGS Special meeting called to order Aug. 11, 19Z2 at the High School Building. All members present, with the exception of Er. Gannon who wag ill. Lieeting called for the purpose of taking care of the funds in the Columbia-~ational Bank. Besolutio~l offere6 by Karro~, seconded by Stinson. BE IT RESOL'~ED, by the City Oouncil of the 0ity of 0olumbta Heights, Mi~n~esota, that the City 2ressurer be, and she hereby is s. uthorized and directed to sell the collateral assigned by the Columbia National ~a~zk as security for deposits in said Bank, at the highest price obtainable, BE IT FURTIiER i~SOLVED, That the Oity Attorney and ~r. be and they hereby are authorized and directed to act for the City in taking any necessary legal action in protecting the City, insofar as any deficiencies which may a.:ise from the sale of such collateral. Passed Aug. 1~, 19Z~ Roll call - Ayes: ~josvold, Stinson, Karrow, Welch. N~ys: None ~iotion by TJosvo!d, seconded by Karrov~, to adjourn, until Aug. 23rd. g~creta~}, to the ¢ouncSi /