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<br /> <br />1 <br /> <br />STATE OF MJMNESOTA <br /> <br />comlT'l Of RA~~SEY <br /> <br />CITY OF ARDEN HILLS <br /> <br /> <br />RESOlUT~OM NO. 79-~ <br /> <br />DES!GNAT10N Of ADDiTiONAL DEPOSiTOR1ES <br />FOR 1MVESTMEMT PURPOSES <br /> <br />. <br /> <br />WHEREAS, Reso!utlon No. 79-i dssignates the First <br />Matlonal Bank of st. Pau~ and The Rosevllie State Bank as <br />official depositories for funds of the City of Arden H!I~s <br />for the calendar year 1979; and <br /> <br />WHEREAS, It Is deslrab1e to Invest C!tv funds at <br />the highest avaiieb!B Interest rate, <br /> <br />NO\~, THEREFORE, BE n HEREBV RESOLVED that sHect hEil <br />this date, the foliowlng banks are designated additional <br />depositories for the SO~0 purpose of Investing funds of the <br />City of Arden Hills: <br /> <br />American Natlona! Bank of st. Paui <br />Nor-thtles'\"Illrn Naticli'lal ~Blllt of St. Pau~ <br />First Matlonai Ba~k of~inn66poils <br />Northwestern Natlolla~ Bank of MlnnaBpo~~S <br />Oak Park Halghts State Bank <br /> <br />BE ~T FURTHER RESOLVED, that the City Treasurer <br />Is authorized to take tI~atevar actions are necessary to make <br />Investments at the aforesaid daposltor!eS and to ascertain <br />that adequate security, as required by tha laws of the State <br />of Minnesota, Is furnlshad by such depositories to protect <br />the City's d0poS~tsd funds against financial losS. <br /> <br />Passed by the City Caunel I of Ardan Hills, Minnesota <br />this 2nd day of January. 1979. <br /> <br /> <br />. <br /> <br />ATTEST: <br /> <br />C1t/j~~' <br />Charlotte Me. !GS~ <br />Clerk Adml~l$trator <br /> <br />