HomeMy WebLinkAbout1974-005 CCR Member Robert Jensen introduced the following resolution and moved its
adoption:
RESOLUTION NO. 74 -5
RESOLUTION DESIGNATING THE FIRST PLYMOUTH NATIONAL
BANK A DEPOSITORY OF CITY FUNDS
BE IT RESOLVED by the City Council of the City of Brooklyn Center that
the Plymouth 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 Donald G. Poss
and the City Treasurer is Paul W. Holmlund.
BE IT FURTHER RESOLVED that this designation is effective through
December 31 1974.
Tanuary 7, 1974
Date Mayor
ATTEST: Gl
Clerk
The motion for the adoption of the foregoing resolution was duly seconded by
member Maurice Britts and upon vote being taken thereon, the following
voted in favor thereof: Philip Cohen, Maurice Britts Bill Fignar, Tony
III
Kuefler and Robert Jensen;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.
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