HomeMy WebLinkAbout83-057
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GOUNTY OF RAMSEY
CITY OF ARDEN HILLS
Rssolution No, 83-57
DES~GNAT!ON OF AMERICAN SAViNGS AND LOAN
AS ADDITIONAL DEPOSiTORY OF FUNDS OF THE
CITY OF ARDEN HILLS
.
WHEREAS, Resolution No. 83-! designates the Northwest-
ern National Bank of St. Paul and the Rosevl lie state Bank as
official depositories for funds of the City of Arden Hi lis for
the calendllr yeer 1983, end
WHEREAS, Resolution No. 83-2 designlltes additional
depositories for investment purposes, and
WHEREAS, it is desirable to Invest City funds at the
highest aval table IntGrest rate,
NOW, THEREFORE, BE IT HEREBY RESOLVED that affective
this day American Savings and Loan, Stockton, California, is
designated an additional depository for the sole purpose of
investing funds of the City of Arden Hills, and
BE IT FURTHER RESOLVED, that the City Treasurer is au
authorized to take whatever actions are n&cessary to make In-
vestments at the aforesaid depository and to ascertain that
adequate security, 85 required by the laws of the State of
Minnesota, is furnished by the depositories to protect the
Clty's deposited fund:;; against financiiJll loss.
P~ssed by the City Council this 11th day of October,
~983 ,
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Roba rt L. Woodb u rn
Mayor
( SEALl
ATTEST:
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