HomeMy WebLinkAbout1970-007 CCR Member Howard ;Heck introduced the following resolution
and moved its adoption:
RESOLUTION NO. 70 -7
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
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 1970.
January 5, 1970 wx��
Date Mayor
ATTEST: e r
6leK
The motion for the adoption of the foregoing resolution was duly seconded by
member Vernon Ausen and upon vote being taken thereon, the
following voted in favor thereof: Philip Cohen, john Leary, Vernon Ausen,
Howard Heck and Theodore Willard;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.