HomeMy WebLinkAboutResolution No. 2012-001 RESOLUTION NO. 2012-001
DESIGNATE OFFICIAL DEPOSITORIES FOR THE CITY OF COLUMBIA HEIGHTS
IT IS HEREBY RESOLVED, that Northeast Bank, Wells Fargo Bank of Minnesota, N.A., and
U.S. 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
Treasurer - Finance Director
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 Northeast Bank, Wells Fargo Bank of Minnesota, N.A., and
U.S. Bank are 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
Treasurer - Finance Director
and that Northeast Bank, Wells Fargo Bank of Minnesota, N.A., and U.S. 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 Treasurer or other officer of his corporation.
BE IT FURTHER RESOLVED, with respect to limited - purpose imprest bank accounts at
Northeast Bank, the applicable signatories in the foregoing part of this resolution, for both
original and facsimile signatures, shall be any two of the three persons listed above.
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 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 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 with offices 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.
Passed this 9th day of January, 2012
Offered by: Nawrocki
Seconded by: Schmitt
Roll Call: Ayes: Peterson, Williams, Nawrocki, Diehm, Schmitt
-7 A id 1
Mayor Gary L. ' eterson
(712_
fi A A
tricia Muscovitz, t C City Clrk