HRA RES 1985-02 - 00013725,
RFSOLUTION NO. HRA 2-1985
RESOLUTION DESIGNATING OEFICIAL DEPOSITORIES FOR THE
FRIDLEY HOUSING ADID RIDEVIIAPMEN'P AUTHORITY
IT IS HEFEBY RESOLVID that the Frzdley State Bank is hereby designated as a
depository for the funds of this corporation.
IT IS FURTHER RESOLVm that checks, drafts or other witl-idrasaal orders issued
against the funds of this corporation on de�aosit with said bank shall be
signed by two of the following:
Clerk-Treasurer
City Nlanager
Finance Officer
and that said bank is hereby fully authorized to pay and charge to the account
of this corporation any checks, drafts, or other withdrawal. arders.
BE IT FURTHER RESOLVED that all transactions, zf any, relating to deposits,
withdrawals, rrdiscounts and borraaings by or on behalf of this corporation
with said bank prior to the adoption of this resolution be, and the same
' hereby are, in all things ratified, approved and conrirmed.
BE IT FURTHER RESOLVED that any bank or savings and loan may be usec� as
depositones for investments purposes so long as the investments comply with
authorized investments as set forth in P4innesota Statutea.
BE IT FUKPHER RESOT,UED that the signatures of two of the f-ollaaing named City
employees are required for withdrawal of HRA investrnent funds irom savings and
loan associations:
Clerk-Treasurer
City Nianager
Finance OFficer
BE IT FURTHER RESOLVm that any brokerage firm rnay be used as a depository for
investment purposes so long as the investments comply with the authorized
investments as set forth in I�linnesota Statutes.
PASSED I�1VD ADOPTID BY THE HWSING AAID RIDEVETAPNIENT AU3'HORI7'Y OF TISE CITY OF
FRIDLEY THIS 14�€I DAY OF FEBI$IARY, 1985. .,i
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Lu�IdRET7CE F.. CdMMGR: - CHAIP,MAtd
� ATTFST:
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NASIP9 M. QURESHI - DIRECTOR