HomeMy WebLinkAbout76-002
STATE OF MINNESOTA
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COUNTY OF RAMSEY
CITY OF ARDEN HILLS
RESOLUTlON NO. 76-2
DESIGNATION OF ADDITIONAL DEPOSI-
TORIES FOR INVESTMENT PURPOSES
WHEREAS, Resolution No. 76-1 designates the First National
Bank of St. Paul and The Rosevllle State Bank as official deposi-
tores for funds of the City of Arden Hills for the calendar year
1976; and
WHEREAS, It is deslra~le to invest. City. funds at the highest
available Interest rate,
,
NOW, THEREFORE, BE IT HEREBY RESOLVED that effective this
date, t~e following banks are designated additional depositories
for the. sole purpose of investing 'rundsof the City 6f Arden Hi lis:
American National Bank of St. Paul
Northwestern National Bank of~St. Paul
First National Bank of Minneapolis
Northwestern National Sank of Minneapolis
f'
BE IT r-URTHER RESOLVED, that the City Treasurer, Is authorized
t
1"0 taka'whai'ever actions are ol!cessary >(0 make investments at the
foresald depositories and to ascertain that adequate security, as
req u I red by the laws of the State of M f nnesota, is. 'furn l!ij.hed by such
depositories to protect the City's deposited funds against financial
loss.
Passed by the City Coune! I of Arden HI lis, Minnesota this 2nd day o~
eanuarv,
SEAL
1976.
~JZ;Z1)~~__
Charlo;tte MeN lesh'.
Clerk ftdministrator
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