HomeMy WebLinkAbout1973-008 CCR1
1
Member Bill Fignar introduced the following resolution
and moved its adoption:
RESOLUTION NO. 73 -8
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 f unds 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
ATTEST:
Date
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.