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<br />I~ <br /> <br />STATE OF M!NNESOTA <br /> <br />COUNT? OF RAHSEY <br /> <br />CITY OF ARDEN R!LLS <br /> <br />- <br /> <br />\ <br />RESOLUTION HO. !lil.,~2 <br /> <br />DESIGNATION OF ADDITIONAL~EPOSITO~IES <br />''''OR INVEST!<lEkiT PURPOSES <br /> <br />WHEREAS, R~solu~iou No. 80-1 designates the No~th- <br />western National Bank of at. P'Hsl and The ROGlsv:!.lle 1>tate <br />Bank aa official. depositories fo~ funds of th~ City of <br />Ard~n Hills for the calendar year 193~; and <br />1 <br /> <br />" liJUElllEliS, itt is desirable to :!.!lV(;lst City fi!IHls at cbs <br />highest available interest rate, <br /> <br />NOW. THEREFORE, BE IT HEREBY RESOLVED that effective <br />this data, the following basks are deeig~aced additional <br />d~po6itoriea for the sole purpose of i~ve6ei~g funds of tbe <br />City of Ard0~ Hills: <br /> <br />AsericQ~ Natio~al Bank of St. Paul <br />'irst NaCloaal BRait Df St. Paul <br />'i~et National Baak of Miaaeapolia <br />North~eBteru National Baak of Minneapolis <br />Oak Park Heights State Baak . <br />M~ni1t'Hlotp,^.'edei:al Sav;l.nga and L0?i1l111atlloe., <br />,~ <br /> <br />BE IT rURTHER RESOLVED, tbat the City Treaaui:er is <br />E!uthori:!:ed to take whatever actions Bre ,llGCeSsary to make' <br />invea tmen 1;:8 at the a.foresaid, depos:!. tori.es. o",d to as certain <br />thaI: ad.equate security, as required by the law3 of the, State <br />of Minnesota, io furnished by such depositories to protect <br />the City's deposited funds against financial loea. <br /> <br />, I <br /> <br />Passed by toe City Co~nc:l.l of Arden Rills, Minnesota <br />thie 2nd day of January, 1980. <br /> <br />. <br /> <br /> <br />ATTEST: <br /> <br />(l/~~b~J@)WJid <br /> <br />Charlotta McNieeh <br />Clerk Administrator <br /> <br />" <br /> <br />" <br /> <br />'. \ <br /> <br />, <br />).1 <br /> <br />I <br />(- <br />I, <br /> <br />".\ <br />