HomeMy WebLinkAbout1972-006 CCR Member Howard Heck introduced the following resolution
and moved its adoption:
I
RESOLUTION NO. 72 -6
RESOLUTION DESIGNATING THE FIRST NATIONAL BANK OF
MINNEAPOLIS A DEPOSITORY OF CITY FUNDS
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, 1972.
January 3, 1972 j
Date 1 Mayor
Attest: Clerk
The motion for the adoption of the foregoing resolution was duly seconded
by member John Leary and upon vote being taken thereon, the following
voted in favor thereof: Philip Cohen, John Leary, Vernon Ausen,
Howard Heck and Maurice Britts;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.