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HomeMy WebLinkAboutResolution 99-101 RESOLUTION NO. 99-101 RESOLUTION DESIGNATING OFFICIAL DEPOSITORIES 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 funds of this corporation~ IT IS FURTHER RESOLVED, that checks, drafts, or other withdrawal orders issued against the tim& of this corporalion on deposit with said banks shall be signed by the following: Mayor City Manager Clerk-Treasurer and that said banks are lm, eby fully authorized to pay and charge to the account of this corporation any checks, drafts, or other withdrawal orders. BE IT FURTgF-R RESOLVED, that the Northern State Bank and Norwest Bank as designated depositories of the corporation be and it is hereby requested, authorized and directed to honor che~ks, drafts or other orders for the payment of money drawn in this .oorporation'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-Treasm'er and that Northeast State Bank and Norwest Bank shall be enti~ed m honor and to c~arge this corporation for all such ch~ks, drafts or other orders, regardless of by whom or by what means the facsimile signature or signatures thereon may have been affix~ thereto, if such facsimile signature or signatures resemble the facsimile specimens duly cerlified to or filed with the Banks by the City Clerk or other officer ofhis c~rporation. BE IT FURTHER RESOLVED, that any and all resolutions heretofore adopted by the City Council of the corporation saul certified to as governing the operation of this coq~rstion's account(s) with it, be and are hereby continued in full force and effect, except as the same my be supplemented or modified by the foregoing part of this r'-~,olution. BE IT FURTHER RESOLVED, that all Wansactions, ff any relating to deposits, withdrawals, re-discounts and borrowings by or on behalf of this corporation with said banks prior to the adoption of this resolution be, and the same hereby are, in all things ratified, approved and confirmed. BE IT FURTHER RESOLVED, that any bank or savings and loan located in the State of Miunesota may beused as depositories for' as the investments BE IT FURTHER RESOLVED, that any brokerage firm located in ~e 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 th, employees are required for access to safe deposit boxes: Finance Director City Manager Assistant Finance Director Accounting Coordingor following named City Passed this 13~' day of December, 1999 Offered by: Wyckoff Seconded by: Szurek Roll Call: All ayes Clerk