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<br />. ~ <br /> 7\~~HILLS <br /> CITY OF ARDEN HILLS <br /> COUNTY OF RAi\'1SEY <br /> STA TE OF !\lIN~ESOTA <br /> RESOLUTION No. 07-02 <br /> RESOLUTION DESIGNATING DEPOSITORIES <br /> ANI> CORPORATE AUTHORIZATION <br /> BE IT IU~SOLVED. that U.S. Bank St. Paul, N.A, shall be the official depository for all <br /> funds of the City of Arden Hills for the calendar year 2007; and, <br /> HE IT FURTHER RESOLVED. that the City Treasurer shall from time to time, ascertain <br /> that adequate sccurity as required by the laws of thc State of Minnesota, is furnished by such <br /> depository to protect the City's deposited funds against financial loss; and <br /> BE IT FURTHER RESOLVED. that checks of this corporation drawn on U.S. Bank St. <br /> Paul. N. A., hereina1ter called the Bank, shall be signed by thrce of the lollowing oniccrs: <br /> Stanley D. lIarpstead. Mayor~ David Grant. )\Iayor Pro Tern; <br />. Michelle A. \Volfe. Administrator/Treasurer. <br /> BE IT FURTIIER RESOI, VED. that the City Administrator is authOlized to use a signature <br /> stamp at such time as it becomes necessary for :'v1ayor Stan lIarpstead. <br /> BE IT FURTHER IU:SOLVED. that said bank is hereby authorized and directed to honor <br /> and pay any chccks so drawn as above set forth, whether or not such checks bc payable to the order <br /> of the foregoing persons either in this individual or ollicial capacity or deposited to this individual <br /> crcdit, and vvhether or not such signatures arc fi:)l1owcd by the title or office ofthc person signing. <br /> ADOPTED BY THE CITY COUNCIL OF TilE CITY OF ARDEN HILLS TillS <br /> 8th DAY OF JANUARY. 2007. <br /> Stanley n. I-Iarpstead. Mayor <br /> ATTEST: <br /> Michelle A. \Volfe. Administnltor <br />. <br />