HomeMy WebLinkAbout1973-006 CCR1
1
Member Bill Fignar
and moved its adoption:
BE IT RESOLVED by the City Council of the City of Brooklyn Center
that the First National Bank of Minneapolis 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 payment 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 person 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.
Tanuary 8, 1973
Date
ATTEST:
RESOLUTION NO. 73 -6
RESOLUTION DESIGNATING THE FIRST NATIONAL BANK OF
MINNEAPOLIS A DEPOSITORY OF CITY FUNDS
Clerk
introduced the following resolution
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, 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.