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<br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF ARDEN HILLS <br /> <br />. <br /> <br />RESOLUTION NO. 75-2 <br /> <br />DESIGNATION OF ADDITIONAL DEPOSI- <br />TORIES FOR INVESTMENT PURPOSES <br /> <br />WHEREAS, Resolution No. 75-1 designates the First National <br />Bank of St. Paul and the Rosevllle State Bank as offIcial deposi- <br />tories for funds of the City of Arden Hills for the calendar year <br />1975: and <br /> <br />WHEREAS, It Is desirable to Invest City funds at the hls'est <br /> <br />available Interest rate, <br /> <br />NOW, THEREFORE, BE IT HEREBY RESOLVED that effective thl. <br />date, the following banks are designated additional depositories <br />for the sole purpose of Investing funds of the City of Arden Hills <br />In Certificates of Deposit: <br /> <br />r <br />~ . <br /> <br />American National Bank of St, Paul <br />Northwestern National Bank of st, Paul <br />First National Bank of ' Minneapolis <br />Northwestern National Bank of Minneapolis <br /> <br />, <br />! <br />i <br /> <br />BE IT FURTHER RESOLVED, that the City Treasurer Isautherlzed <br />'. to take whatever actlons are necessary to make I nvestmen:fJl."ln <br />Certificates of Deposit at the foresald depositories and to ascer- <br />tain that ~dequate security, as required by the laws of the State <br />of Minnesota, Is furnished by such depositories to protect the <br />City's deposited funds llglllnst financial loss, <br /> <br />. <br /> <br />of January, 1975, <br /> <br />Passed by the City Council of Arden Hills, <br />0' <br /> <br /> <br />Minnesota this 2nd day <br />t' <br /> <br />,.~-.._~"~.__.- <br /> <br />OL:/dlZ~~~~J. <br /> <br />Charlotte McNlesh - <br />Clerk Administrator <br /> <br />!pill <br />