HomeMy WebLinkAbout03-004
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CITY OF ARDEN HILLS
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION NO. 03-04
RESOLUTION FOR TRANSFER OF FUNDS BY TELEPHONIC INSTRUCTIONS
WHEREAS, the u.S. Bank St. Paul, N. A. is the depository in which funds of the City
of Arden Hills may be deposited, and a corporate resolution with respect thcrcto is presently in
effect authorizing the deposit and withdrawal of funds; and
WHEREAS, the City of Arden Hills desires to add to and supplement said corporate
resolution with the following resolution:
NOW THEREFORE, BE IT RESOLVED by the City Council ofthe City of Arden Hills,
Minnesota, that anyone of the following persons: Joseph P. Lynch, City Administrator;
Terrance R. Post, Treasurer; Beverly Aplikowski, Mayor, is authorized, on behalf of this
corporation, to give instructions by telephone to the U.S. BANK ST PAUL, N. A., to transfer funds
on deposit with the bank:
a. to othcr accounts of this corporation with the bank; or
b. to other accounts of this corporation with othcr banks.
2.
The bank is authorized to act on such telephonic instructions received by it from anyone
who represents himself to be any of the above-named persons whether or not his voice
resembles the voice of such person.
3. The bank is authorized in its sole discretion to refuse to honor telephone instructions and
to insist upon written instructions signed by anyone of the persons named in paragraph 1
of this resolution.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS THIS
6th DAY OF JANUARY, 2003.
Bevtr~i'~'