HomeMy WebLinkAbout1990-175 CCR1
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Member Celia Scott
adoption:
August 27, 1990
Date
introduced the following resolution and moved its
RESOLUTION NO. 90 175
RESOLUTION AUTHORIZING EXECUTION
OF TRANSFER OF FUNDS AGREEMENT WITH FIRST BANKS
WHEREAS, from time to time, the City of Brooklyn Center orally requests
First Banks, a national banking association (Bank), to transfer funds to other banks
for credit to persons or corporations designated by the City. So that the Bank may
have standing instructions upon which to act pursuant to oral requests for transfer
of funds;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center that Gerald G. Splinter, the City Manager, is hereby authorized to
execute the Domestic and International Funds (Wire) Transfer Agreement on behalf of
the City of Brooklyn Center with First Banks, a national banking association (Bank)
providing for telephone requests for the transmission of funds belonging to the City
upon the terms and conditions set forth in said agreement; and
BE IT FURTHER RESOLVED that the authority conferred herein shall continue
in full force and effect until written notice of its revocation shall be received
by said Bank at its office.
ATTEST: c- PCitd A—C )./X,
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Deputy Clerk
The motion for the adoption of the foregoing resolution was duly seconded by
member Jerry Pedlar and upon vote being taken thereon, the following
voted in favor thereof: Dean Nyquist,Celia Scott, Todd Paulson,
Jerry Pedlar, and Philip Cohen;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.