HomeMy WebLinkAbout1970-008 CCR I
Member Theodore Willard introduced the following resolution
and moved its adoption:
RESOLUTION NO. 70 -8
RESOLUTION DESIGNATING THE MARQUETTE NATIONAL BANK
DEPOSITORY OF CITY FUNDS
BE IT RESOLVED by the City Council of the City of Brooklyn Center
that the Marquette 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 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 907. 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 Reasurer is Paul IV, Holmlund.
BE IT FURTHER RESOLVED that this designation is effective through
December 31, 1970.
January 5, 1970
Date Mayor
ATTEST:
Clerk
The motion fot 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 Theodore Willard;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.