HomeMy WebLinkAboutResolution 2000-49RESOLUTION NO. 200049
RESOLUTION DESIGNATING OFFICIAL DEPOSITORIES. BORROWING
AUTHORITY, AND SAFE DEPOSIT ACCESS FOR
THE CITY OF COLUMBIA HEIGHTS
IT IS HEREBY RESOLVED, that Northeast State Bank and Norwest Bank are hereby
designated as depositories of the fun& of this corporation.
IT IS FURTHER RESOLVED, that loans, promissory notes, checks, drafts, or other
withdrawal orders issued against the funds of this corporation on deposit with said banks shall be
signed by the following:
Mayor
City Manager
Clerk-Treasurer
and that said banks are hereby fully authorized to pay and charge to the account ofthis
corporation any checks, drafts, or other withdrawal orders.
BE IT FURTHER RESOLVED, that the Northeast State Bank and Nonvest Bank as
designated depositories of the corporation be and it is hereby requested, authorized and directed
to honor checks, drafts or other orders for the payment of money drawn in this corporation's
name, including those drawn to the individual order of any person or persons whose name or
names appear thereon as signer or signers thereof, when bearing or purporting to bear the
facsimile signatures of the following:
Mayor
City Manager
Clerk-Treasurer
and that Northeast State Bank and Norwest Bank shall be entitled to honor and to charge this
corporation for all such checks, drafts or other orders, regardless of by whom or by what means
the facsimile signature or signatures thereon may have been affixed thereto, if such facsimile
signature or signatures resemble the facsimile specimens duly certified to or filed with the Banks
by the City Clerk or other officer of his corporation.
BE IT FURTHER RESOLVED, that the Northeast State Bank and Norwest Bank are hereby
requested, authorized and directed to honor promissory notes or other evidence of indebtedness
on behalf of the City when bearing the signature or facsimile signatures of the following:
Mayor
City Manager
Clerk-Treasurer
BE IT FURTHER RESOLVED, that any and all resolutions heretofore adopted by the City
Council of the corporation and certified to as governing the operation of this corporation's
account(s) with it, be and are hereby continued in full force and effect, except as the same may be
supplemented or modified by the foregoing part of this resolution.
BE IT FURTHER RESOLVED, that all transactions, if any relating to deposits, withdrawals,
re-discounts and borrowings by or on behalfof this corporation with said banks prior to the
adoption of this resolution be, and the same hereby are, in all things ratified, approved and
BE IT FURTHER RESOLVED, that any bank or savings and loan located in the State of
Minnesota may be used as depositories for investments purposes so long as the investments
comply with authorized investments as set forth in Minnesota Statutes.
BE IT FURTHER RESOLVED, that any brokerage firm located in the State of Minnesota may
be used as a depository for investment purposes so long as the investments comply with the
authorized investments as set forth in Minnesota Statutes.
BE IT FURTHER RESOLVED, that the signatures of any one of the following named City
employees are required for access to safe deposit boxes:
Passed this
Offered by:
Seconded by:
Roll Call:
Finance Director
City Manager
Assistant Finance Director
Accounting Coordinator
~ day of '~
William Elrite, City Clerk
,2000
M~oor Gary L. P~n
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