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<br /> CITY OF ARDEN HILLS <br /> . RAMSEY COUNTY <br /> STATE OF MINNESOTA <br /> RESOLUTION NO. 98-01 <br /> RESOLUTION DESIGNATING DEPOSITORIES <br /> AND CORPORATE AUTHORIZATION <br /> THIS IS TO CERTIFY THAT, at a meeting of the City Council of Arden Hills duly called and <br /> held January 5, 1998, the follol-ving resolution was adopted: <br /> RESOL VED, that the First Bank St. Paul, N.A. shall be the official depository for all funds of <br /> the City of Arden Hills for the calendar year 1998; and <br /> BE IT FURTHER RESOLVED, that the City Treasurer shall from time to time, ascertain that <br /> adequate security as required by the laws of the State of Minnesota, is furnished by such <br /> depository to protect the City's deposited funds against financial loss; and <br /> BE IT FURTHER RESOL VED, that checks of this corporation drawn on First Bank St. Paul, <br /> N.A" hereinafter called the Bank, shall be signed by three of the following officers: <br /> . Dennis Probst or Dale Hicks <br /> Mayor Acting Mayor <br /> Brian Fritsinger or Terrance R. Post <br /> City Administrator Treasurer <br /> BE IT FURTHER RESOLVED, that the City Administrator is authorized to use a signature <br /> stamp at such time as it becomes necessary for Mayor Dennis Probst or Terrance R. Post, <br /> Treasurer. <br /> BE IT FURTHER RESOLVED, that the said bank is hereby authorized and directed to honor <br /> and pay any checks so drawn as above set forth, whether or not such checks be payable to the <br /> order of the foregoing persons either in this individual or official capacity or deposited to this <br /> individual credit, and whether or not such signatures are followed by the title or office of the <br /> person signing. <br /> . <br />