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<br />STATE OF MINNiSOTA <br /> <br />COli~lr' OF RAHSEY <br /> <br />CITY OV ARDEN RILLS <br /> <br />. <br /> <br />RESOLU~ION NO. 82-Z <br /> <br />DESIGNATION OF ADDITIONAL DEPOSITORIES <br />]"OR INV~1.!.~~ta PURPOSES <br /> <br />WHEREAS, Resolution No. 82-1 designates the North- <br />western Nutional Bank of St. Paul and Tbe Roeeville State Bank <br />9S official depositories for funds of the City of Arden Hills <br />for the calendar year 1982; .~d <br /> <br />WHEREAS, it is desirable to invest City funds at the <br />highest available interest rate, <br /> <br />HOW, THEREFORE, BE IT HEREBY RESOLVED that effective <br />thi.s date,. the following benk, a1:<I Davings and loans are des- <br />ignated additional depositoriES for th. sole purpose of invest- <br />ing funds of the City of Arden Hills: <br /> <br />American Oatlorsl 3ank of St. Paul <br />First National Dank of St. PEul <br />First national Bank of Minneapolis <br />NorthvBstern N~tioo&l Bank Df Minneapolis <br />Oak Park Hsights State Bank <br />Midwa3~ Federal Savings and Loan ASBOC. <br />Minnesota FedREal Savings aud Loan Assoc. <br />Twin City Pederal Savings Rnd LOBO Assoc. <br /> <br />BE IT FURTHER RESOLVED, that the City Treasur'H is <br />authorized to take whntever actions ~re necess8ry to ~ake invest- <br />ments at the afox8said depositories und to ascertain that adequate <br />secu}:'ity ~ nG 'l'aquired by the 1.9.w~~ or the State of }!inncsot3); ;_s <br />furnished by such depositories to protect the City's deposited <br />tundo agdjn~t finauci&1 less. <br /> <br />Pas8,<<d by the City Council of Arden Bills, Ninnesota <br />thl.s 4th day of J",nusocy, 1982. <br /> <br />. <br /> <br />~~_. <br /> <br />Robert L. Woodburn <br />Mayor <br /> <br />f..TTEST: <br /> <br /> <br />arlotte ~lcNi"'s;1-- <br />Clerk Administrator <br />