HomeMy WebLinkAbout05-002
.
.
.
~
~~LS
CITY OF ARDEN HILLS
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION No. 05-02
RESOLUTION DESIGNATING DEPOSITORIES
AND CORPORATE AUTHORIZATION
BE IT RESOLVED, that U.S. Bank St. Paul, N.A. shall be the official depository for all
funds of the City of Arden Hills for the calendar year 2005; and,
BE IT FURTHER RESOLVED, that the City Treasurer shall from time to time, ascertain
that adequate security as required by the laws of the State of Minnesota, is furnished by such
depository to protect the City's deposited funds against financial loss; and
BE IT FURTHER RESOLVED, that checks of this corporation drawn on U.S. Bank St.
Paul, N. A., hereinafter called the Bank, shall be signed by three ofthe following officers:
Beverly Aplikowski, Mayor; Brenda Holden, Mayor Pro Tern;
Michelle A. Wolfe, Administrator; Murtuza Siddiqui, Treasurer.
BE IT FURTHER RESOLVED, that the City Administrator is authorized to use a signature
stamp at such time as it becomes necessary for Mayor Beverly Aplikowski or Murtuza Siddiqui,
Treasurer.
BE IT FURTHER RESOLVED, that said bank is hereby authorized and directed to honor
and pay any checks so drawn as above set forth, whether or not such checks be payable to the order
ofthe foregoing persons either in this individual or official capacity or deposited to this individual
credit, and whether or not such signatures are followed by the title or office of the person signing.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS THIS
10th DAY OF JANUARY, 2005.
~w~~'
MT~~ JtJ
Michelle A. Wolfe, Admini~
\\Earth\Admin\Council\Resolutions\2005\05-02, Designating Depositories.doc