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<br />STATE or nINNESOTA <br /> <br />COUNTY 01' RANSEY <br /> <br />CXTY OF ARDEN HILLS <br /> <br />. <br /> <br />RESOLUTION NO. 81-~ <br /> <br />.='- <br /> <br />DESIGNATION OF ADDITID~AL DEPOSITORIES <br />FOB INVESTMENT PURPOSES <br /> <br />WHEREAS, Resolution }foQ 31-3 designates the North- <br />western Natiousl Bank of St. Paul and The Roseville State <br />Bank as official depositories for funds of the City of <br />Arcier: Hills for the cal.,ndar yea,' 1931; and <br /> <br />WHEREAS, it is desirable to invest City funds' at the <br />highest avai12ble interest rnte~ <br /> <br />:HJII, THEREFORE, BE I')' HE.;EBY RESOLVED that effective <br />this date, the following banks BEB designated additional <br />depositories for the so_Ie pU:~pDS~ of inveoting funds of the <br />City of Arden Hills: <br /> <br />AmericBIl National Bunk of St~ Paul <br />First National Bsnk of Sto Paul <br />First National Bank of Minneapolis <br />Northwestern Nvtic~31 Bank of Minneapolis <br />Oqk Park Heights State Bank <br />Minnesota Federal Savings and Loan Assoc. <br />Twin City Fede~al Savings and Loan Assoc~ <br /> <br />BE IT FURTHER RESOLVFD~ ~hat i:he City Tre88u~er ia <br />authoYlzed to take whatever ~ctions are necessary to make <br />investments at the aforesaid depositories end to ascertain <br />that adequate security, as reqcized by tbe laws of the State <br />of Minnesota, is furnished by such depositories to p~ot~ct <br />the Cityi,S deposited funds n~ain3t financial 10S8. <br /> <br />Passed by th2 City Ccuncil of Arden Hil1s~ Minn8sota <br />this 2>nd day of Jant!arj'~ 1981~ <br /> <br />. <br /> <br />_W+_4L_____ <br /> <br />Ch.&:r1.i;? L'i."i C'htov. <br />I>feyct' <br /> <br />A'J:TEST: <br /> <br />17/ / .VnV~ <br />~/![/J!, "." .~_. <br /> <br />.~\..':;:;' r~{. i:~G~l~LH :Lt:; i: ::',;,'. ;:01.' <br />