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<br />. <br /> <br />.' <br /> <br />STATE OF MINNESOTA <br /> <br />COUNTY OF RAMSEY <br /> <br />CITY OF ARDEN HILLS <br /> <br />RESOLUTION NO, 81-2 <br /> <br />DESIGNATION OF ADDITIONAL DEPOSITORIES <br />FOR INVESTMENT PURPOSES <br /> <br />WHEREAS, Resolution No, 81-1 designates the Norwest <br />Bank, St, Paul. N.A. and the Roseville Bank as official <br />depositorles for funds of the City of Arden Hills for the <br />calendar year 1987: and <br /> <br />WHEREAS, it is desirable to lnvest City funds at the <br />highest available interest rate; <br /> <br />NOW. THEREFORE, BE IT HEREBY RESOLVED that effective <br />this date, the following banks and savings and loans are <br />designated additional depositories for the sole purpose of <br />investing funds of the City of Arden Hills: <br /> <br />American National Bank of St. Paul <br />American Savings and Loan, Stockton, California <br />First Minnesota Savings, F.S.B, <br />First National Bank of St. Paul <br />First National Bank of Minneapolis <br />Norwest Bank Minneapolis, N.A. <br />Oak Park Heights State Bank <br />Midwest Federal Savings and Loan Assoclation <br />Twin City Federal Savings and Loan Association <br /> <br />BE IT FURTHER RESOLVED, that the City Treasurer is <br />authorized to take whatever actions are necessary to make <br />investments at the aforesaid depositories and to ascertain that <br />adequate security, as required by the laws of the State of <br />Minnesota, is furnished by such depositories to protect the <br />City's deposited funds against financial loss. <br /> <br />Passed by the City Council of Arden Hills, Minnesota, <br />this 2nd day of January, 1987. <br /> <br />A? j~ /.b/ // <br />P1o~'afv <:...r/~;:;;,,-~ <br /> <br />Robert L. Woodburn, Mayor <br /> <br />ATTEST;__ <br />/ <br /> <br /> <br />.n <br /> <br />. <br />