HomeMy WebLinkAbout1979-010 CCR Member Tony Kuefler introduced the following resolution and
moved its adoption:
RESOLUTION NO. 79 -10
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 8 1979
Date Mayor
K
ATTEST:
Clerk
The motion for the adoption of the foregoing resolution was duly seconded by
member Gene Lhotka and upon vote being taken 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 and adopted.