HomeMy WebLinkAbout80-002
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STATE OF M!NNESOTA
COUNT? OF RAHSEY
CITY OF ARDEN R!LLS
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RESOLUTION HO. !lil.,~2
DESIGNATION OF ADDITIONAL~EPOSITO~IES
''''OR INVEST!<lEkiT PURPOSES
WHEREAS, R~solu~iou No. 80-1 designates the No~th-
western National Bank of at. P'Hsl and The ROGlsv:!.lle 1>tate
Bank aa official. depositories fo~ funds of th~ City of
Ard~n Hills for the calendar year 193~; and
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" liJUElllEliS, itt is desirable to :!.!lV(;lst City fi!IHls at cbs
highest available interest rate,
NOW. THEREFORE, BE IT HEREBY RESOLVED that effective
this data, the following basks are deeig~aced additional
d~po6itoriea for the sole purpose of i~ve6ei~g funds of tbe
City of Ard0~ Hills:
AsericQ~ Natio~al Bank of St. Paul
'irst NaCloaal BRait Df St. Paul
'i~et National Baak of Miaaeapolia
North~eBteru National Baak of Minneapolis
Oak Park Heights State Baak .
M~ni1t'Hlotp,^.'edei:al Sav;l.nga and L0?i1l111atlloe.,
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BE IT rURTHER RESOLVED, tbat the City Treaaui:er is
E!uthori:!:ed to take whatever actions Bre ,llGCeSsary to make'
invea tmen 1;:8 at the a.foresaid, depos:!. tori.es. o",d to as certain
thaI: ad.equate security, as required by the law3 of the, State
of Minnesota, io furnished by such depositories to protect
the City's deposited funds against financial loea.
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Passed by toe City Co~nc:l.l of Arden Rills, Minnesota
thie 2nd day of January, 1980.
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ATTEST:
(l/~~b~J@)WJid
Charlotta McNieeh
Clerk Administrator
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