HomeMy WebLinkAboutResolution 98-108 ~LUTION NO. ~ los
~LUTION DESIGNATING OFFICIAL DEPOSITORIt~ AND
SAFE DEPOSIT ACCESS FOR THE CITY OF COLUMBIA HEIGHTS
IT IS HEREBY RKSOLVED, 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 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 of this corporation any
checks, drafts, or other withdrawal orders.
BE IT FURTHER RESOLVED, that the Northeast State Bank and Norwest 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
t,,.,?gners 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 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 RF,,SOLVED, that all transactions, if 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 Minnesota may
ye 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
depository for investment purposes so long as the investments comPly with the authorized investments
as set forth in Minnesota Statutes.
BE IT FURTHER ~LVED, that the signatures of any one of the following named City employees are
required for access to safe deposit boxes:
Finance Director
City Manager
Assistant Finance Director
Accounting Coordinator
Passed this 14t h day of
Offered by:
Seconded by:
Roll Call:
December
Szurek
Sturdevant
All ayes
/~- P' ' -- jo-se~l~STSturdevant, Mayor