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<br />~ <br />~HILLS <br />CITY OF ARDEN HILLS <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION No. 2008-046 <br /> <br />RESOLUTION DESIGNATING DEPOSITORIES <br />AND CORPORATE AUTHORIZATION <br /> <br />BE IT RESOLVED, 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 2008; and, <br /> <br />BE IT FURTHER RESOLVED, that the City Treasurer shall from time to time, ascertain <br />that 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 /> <br />BE IT FURTHER RESOLVED, that checks of this corporation drawn on U.S. Bank St. <br />Paul, N. A., hereinafter called the Bank, shall be signed by any of the following officers: <br /> <br />Stanley D. Harpstead, Mayor; Brenda Holden, Mayor Pro Tern; <br />Ronald J. Moorse, Administrator; Susan Iverson, Finance Director/Treasurer. <br /> <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 Stan Harpstead. <br /> <br />BE IT FURTHER RESOLVED, that 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 order <br />of the foregoing persons either in this individual or official capacity or deposited to this individual <br />credit, and whether or not such signatures are followed by the title or office of erson signing. <br /> <br />~,....". <br /> <br /> <br />8th DAY OF SEPTEMBER, 2008. <br /> <br /> <br />~ <br />se, Administrator <br />