HomeMy WebLinkAbout1973-005 CCR1
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Member Maurice Britts introduced the following resolution
and moved its adoption:
RESOLUTION NO. 73_5
RESOLUTION DESIGNATING THE BROOKLYN CENTER STATE
BANK A DEPOSITORY OF CITY FUNDS
BE IT RESOLVED by the City Council of the City of Brooklyn Center
that the Brooklyn Center State 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, 1973.
January 8. 1973
Date
ATTEST:
Clerk
The motion for the adoption of the foregoing resolution was duly seconded
by member Bill Fignar and upon vote being taken thereon,
the following voted in favor thereof: Philip Cohen, John Leary, Maurice Britts,
Tony Kuefler, and Bill Fignar;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.