HomeMy WebLinkAbout1982-070 CCRC
Member Celia Scott introduced the following resolution and
moved its adoption:
RESOLUTION NO. 82 -70
RESOLUTION AUTHORIZING EXECUTION OF TRANSFER OF FUNDS AGREEMENT
From time to time, the City of Brooklyn Center orally requests the
First National Bank of Minneapolis to transfer funds to other banks for credit
to persons designated by the City in a manner which makes it inconvenient or
impossible to execute the written authorizations, instructions, and releases
required by said bank, so that the bank may have standing instructions upon
which to act pursuant to oral requests for the transfer of funds;
BE IT RESOLVED, that Paul W. Holmlund, the City Treasurer for the
City of Brooklyn Center,is hereby authorized to execute the domestic and inter-
national funds (wire) transfer agreement on behalf of this City with First
National Bank of Minneapolis providing for telephonic requests for the trans-
mission of funds belonging to this City, upon the terms and conditions set forth
in said agreement.
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.
April 26, 1982
Date
Mayor
The motion for the adoption of the foregoing resolution was duly seconded by
member Rich Theis and upon vote being taken thereon, the following
voted in favor thereof: Dean Nyquist, Gene Lhotka, Celia Scott, Bill Hawes,
and Rich Theis;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.