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1
STATE OF MJMNESOTA
comlT'l Of RA~~SEY
CITY OF ARDEN HILLS
RESOlUT~OM NO. 79-~
DES!GNAT10N Of ADDiTiONAL DEPOSiTOR1ES
FOR 1MVESTMEMT PURPOSES
.
WHEREAS, Reso!utlon No. 79-i dssignates the First
Matlonal Bank of st. Pau~ and The Rosevllie State Bank as
official depositories for funds of the City of Arden H!I~s
for the calendar year 1979; and
WHEREAS, It Is deslrab1e to Invest C!tv funds at
the highest avaiieb!B Interest rate,
NO\~, THEREFORE, BE n HEREBV RESOLVED that sHect hEil
this date, the foliowlng banks are designated additional
depositories for the SO~0 purpose of Investing funds of the
City of Arden Hills:
American Natlona! Bank of st. Paui
Nor-thtles'\"Illrn Naticli'lal ~Blllt of St. Pau~
First Matlonai Ba~k of~inn66poils
Northwestern Natlolla~ Bank of MlnnaBpo~~S
Oak Park Halghts State Bank
BE ~T FURTHER RESOLVED, that the City Treasurer
Is authorized to take tI~atevar actions are necessary to make
Investments at the aforesaid daposltor!eS and to ascertain
that adequate security, as required by tha laws of the State
of Minnesota, Is furnlshad by such depositories to protect
the City's d0poS~tsd funds against financial losS.
Passed by the City Caunel I of Ardan Hills, Minnesota
this 2nd day of January. 1979.
.
ATTEST:
C1t/j~~'
Charlotte Me. !GS~
Clerk Adml~l$trator