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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />STATE Of M1NNESOTA <br /> <br />COUNTY 0 F RAMSEY <br /> <br />CITY OF ARDEN HILLS <br /> <br />RESOLUTION NO. 78-29 <br /> <br />DESIGNATION OF OAK PARK HEIGHTS BANK AS AODiTIO~IAl DEPOSITORY <br />fOR INVESTMENT PURPOSES ' <br /> <br />WHEREAS, Resolution No. 78-1 deslgna'i"es the first Natl,onal <br />Bank of St. Paul and tha Rosevl lie State Bank as official depositories <br />of funds of the City of Arden Hi lis for the calendar year 1978; <br />and <br /> <br />WHEREAS, Resolution No. 78..2 designates the American Bank ,. <br />of St Paul, Northwestern National Bank of St. Paul, First National <br />Bank of Mlnnea?olis and Northwestern National dank of Minneapolis <br />as additional depositories for the sole purpose of investing funds <br />of the Ci ty of Arden Hi 115; and <br /> <br />WHEREAS, it Is desirable to invest City funds at the 'hlghest <br />ava! lable rate, <br /> <br />NOW, THEREfORE, 8E IT RESOLVED By'.T-HE cnr COUNCI l OF THE <br />CITY Of ARDEN HillS, MINNESOTA, that effective this date the Oak <br />Park H't~hts State Bank Is designated an additional depository <br />for the sole purpose of investing fundsof the City of Arden Hills, <br />and <br /> <br />BE IT FURTHER RESOLVED, that the City Treasurer Is authorized <br />to take whatever actions are necessary to make Investments at <br />the aforesaid depository and to ascertaln that adequate sec~rlty, <br />as required by the laws of the State of Minnesota, Is furnished by <br />the deposfftorlos to protect the City's deposited funds against <br />financial loss. <br /> <br />Passed by the City COllnci I of Arden Hi lis this 12th day of <br />June, 1978. <br /> <br /> <br />Attest: <br /> <br />~~;;z,Wlt~~ _~ <br /> <br />Charlotte McNlesh <br />Cieri, Admi n i strator <br />