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<br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF ARDEN HI LLS <br /> <br />Resolution No. 84-2 <br /> <br />DESIGNATION OF ADDITIONAL DEPOSITORIES <br />FOR INVESTMENT PURPOSES <br /> <br />. <br /> <br />WHEREAS, Resolution No. 84-1 designetes the <br />Norwest Bank St. Paul, N.A. and the Rosevll Ie State B~nk <br />es official deposltorles for funds of the Clty of Arden ~ll1s <br />for the calendar year 1984; and <br /> <br />WHEREAS, It Is desirable to Invest City fundS at the <br />highest aveilable Interest rate, <br /> <br />NOW, THERE FORE, BE 1 T HEREBY RESOLVED that e tfect I ve <br />this date, the following banks .and savings and loans are <br />designated additional depositories for the sole purpo!f8 of <br />Investing funds of the City of Arden Hills: <br /> <br />American National Bank of St. Paul <br />American Savings and Loan, Stockton, California <br />First FeAeralSavlngs and Loan Assoc. of Mlnnea~olis <br />First National Bank of st. Paul <br />First National Bank of Minneapolis <br />Norwest Bank Minneapolis, N.A. <br />Oak Park Heights state Bankl <br />Midwest Federal Sav I n gsan d Loan Assoc. <br />Minnesota Federal Sevlngs llnd Loan Assoc. <br />Twin City Federal Sllvlngs llnd Loan Assoc. <br /> <br />BE IT FURTHER RESOLVED, that the City TreaslJrer Is <br />authorized to take whatever actions are necessary to make <br />Inve.stments at the aforesaid depositories and to ascertain <br />that adequate security, as required by the laws of the State <br />of Minnesota, Is furnished by such depositories to protect <br />the City's deposited funds against financial loss. <br /> <br />Passed by the City Council of Arden HII Is, Minnesota <br />this 3rd day of January, 1984. <br /> <br />/~~ <br />Robert L. Woodburn <br />Mayor <br /> <br />ATTEST: <br /> <br />. ~7/;!!!l!f)d <br /> <br />Charlotte McNiesh <br />Clerk Administrator <br />