HomeMy WebLinkAbout1966-192 CCR Member Theodore Willard introduced the following resolution
and moved its adoption:
RESOLUTION NO. 66 -192
RESOLUTION DESIGNATING THE FIRST NATIONAL
BANK OF MINNEAPOLIS A DEPOSITORY OF VILLAGE
I
FUNDS AND AUTHORIZING THE ESTABLISHMENT
OF AN INVESTMENT TRUST FUND CHECKING
ACCOUNT
WHEREAS, the First National Bank of Minneapolis has submitted to
the Village of Brooklyn Center a proposal to be designated as a depository
of Village funds; and
WHEREAS, the First National Bank has assigned securities with a
total market value of five hundred thirty -five thousand eighty -one and
no/100 dollars ($535,081.00) to the Village of Brooklyn Center to secure
Village deposits,
BE IT THEREFORE RESOLVED by the Village Council of the Village of
Brooklyn Center that the securities assigned as collateral are hereby accepted
by the Village of Brooklyn Center; and
BE IT FURTHER RESOLVED that the First National Bank of Minneapolis
is, hereby, designated a depository of Village Funds for the period from
June 13, 1966 through December 31, 1966; and
BE IT FURTHER RESOLVED that the Village mayor and clerk be directed
to sign the assignment entitled, "Approval of Securities and Designation of
Depository and
BE IT FURTHER RESOLVED that the Village Director of Finance is, hereby,
directed to open a bank account with the First National Bank of Minneapolis for
the Village of Brooklyn Center Investment Trust Fund.
June 13, 1966
Date Mayor
A
TTEST:
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, Earl Simons, Howard
Heck and TheodoreWillard,
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.