HomeMy WebLinkAbout1980-008 CCRMember Tony Kuefler introduced the following resolution
and moved its adoption:
RESOLUTION NO. 80 -8
RESOLUTION DESIGNATING THE MARQUETTE NATIONAL BANK
A DEPOSITORY OF CITY FUNDS
BE IT RESOLVED by the City Council of the City of Brooklyn Center
that the Marquette National Bank be and is hereby designated as a depository
for the funds of the City of Brooklyn Center, Minnesota. The City Treasurer
is authorized to deposit City funds therein to the extent that repayment is
guaranteed by the Federal Deposit Insurance Corporation and such additional
funds not to exceed the amount of 90% of collateral pledged to the City and
approved by the City Council by said bank.
BE IT FURTHER RESOLVED that the persons generally authorized by
the City Charter to act for the City in any of its business with the bank
are any persons holding office from time to time as City Manager and City
Treasurer. All checks drawn upon an account of the City shall be signed
by both of the above designated persons.
BE IT FURTHER RESOLVED that the City Manager is Gerald G. Splinter
and the City Treasurer is Paul W. Holmlund.
January 7, 1980��
Date
ATTEST:
Cle'rk
6
May'�r�
The motion for the adoption of the foregoing resolution was duly seconded
by member Bill Fignar and upon vote being tal.en thereon, the
following voted in favor thereof: Dean Nyquist, Tony Kuefler, Bill Fignar,
Gene Lhotka, and Celia Scott;
and the following voted against the same: none,
whereupon said resolution was declared duly passed z.nd adopted.
7
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