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CO'JN1"{ UP f'PJiSEY
CITY 0.3' Ar:VEn rILLE
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RESOLUTION NO. 74-32
DESIGNATION OF ADDITIONAL DEPOSITORIES
:?CR INVESTMENT PU;U"OSES
IYllEREAS, Resolution "lo. 74-1 designat.ad the Fi,st National
Bank of St ~ Pa\.:d~ the ROSE:vill:a StCl.t~ P,arJ.. and Fir~ t State Bank of New
Brighton as ofHcial,,,posito::lc=s for fULds of the City of Arde',l Hills
for ~he calenear year 1974; and
WHEREAS, it il3 desh'abla to invest ":HIage funds at the
bj,ghest avail"ble interest rat",
Nml, THEREFORE, BE IT HEF.EEY RESOLVED that effective this
date, the follo"iug ba.nks aTe designated additic.nal depositories fer
the oole purpose of inveilting funds of the City of Arden Hills in
CertHicates of Deposit'
American Nationa.l Bank eJf 3t. Paul
NorthwetH:ern l'Iational Jl:mk ;)f St;. Paul
First National Bank of Hin'l'''polis
Nortln,estern National Bank ,)f Minneap'J1is
BE IT PURTHER RESOLVED, Lh~; the City TreaBurer shall
ascertain that edequate seCtority, as ,,'equired by th.a lawS of the State
of Mi.nnesC>ta, i!J furnished by cuch d",,,ositori,as to protect the City's
depoai.ted funds cgaim:t finallcial 10;,3.
p''lssed by the City Gouncil of Arden 1Iills, Hianesota, this 28th day of
... October, 1974.
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