HomeMy WebLinkAbout82-002
STATE OF MINNiSOTA
COli~lr' OF RAHSEY
CITY OV ARDEN RILLS
.
RESOLU~ION NO. 82-Z
DESIGNATION OF ADDITIONAL DEPOSITORIES
]"OR INV~1.!.~~ta PURPOSES
WHEREAS, Resolution No. 82-1 designates the North-
western Nutional Bank of St. Paul and Tbe Roeeville State Bank
9S official depositories for funds of the City of Arden Hills
for the calendar year 1982; .~d
WHEREAS, it is desirable to invest City funds at the
highest available interest rate,
HOW, THEREFORE, BE IT HEREBY RESOLVED that effective
thi.s date,. the following benk, a1:<I Davings and loans are des-
ignated additional depositoriES for th. sole purpose of invest-
ing funds of the City of Arden Hills:
American Oatlorsl 3ank of St. Paul
First National Dank of St. PEul
First national Bank of Minneapolis
NorthvBstern N~tioo&l Bank Df Minneapolis
Oak Park Hsights State Bank
Midwa3~ Federal Savings and Loan ASBOC.
Minnesota FedREal Savings aud Loan Assoc.
Twin City Pederal Savings Rnd LOBO Assoc.
BE IT FURTHER RESOLVED, that the City Treasur'H is
authorized to take whntever actions ~re necess8ry to ~ake invest-
ments at the afox8said depositories und to ascertain that adequate
secu}:'ity ~ nG 'l'aquired by the 1.9.w~~ or the State of }!inncsot3); ;_s
furnished by such depositories to protect the City's deposited
tundo agdjn~t finauci&1 less.
Pas8,<<d by the City Council of Arden Bills, Ninnesota
thl.s 4th day of J",nusocy, 1982.
.
~~_.
Robert L. Woodburn
Mayor
f..TTEST:
arlotte ~lcNi"'s;1--
Clerk Administrator