HRA RES 1986-03 - 00013769'
'
I�
RFS�i,UTI�I A�. HRA 3- 1986
RESOLUTION DESIGNATING OFFICIAL DEPOSITORIES EOR THE
FRIIff,EY HOUSING AND RIDEUELOPNIENT AU�IORSTY
IT IS HEREBY RFS�.VID that the Fridle� State Bank is hereby designated as a
depositoxy for the £�mds of tt��is corporation.
IT IS FU1�TfIIIt RFSOLUID that checks, drafts or other witY!drawal orders issued
against the funcis of this corporation on deposit with said bank shall be
signed by two of the follaaing:
Finance Director
City Manac�r
Assistant Finance Otfioer
and that said bank is herelx fully authorized to p�y and charge to the acwunt
of this corporation any checks, drafts, or other withdrawal orders.
BE IT FURTHER RFS�UID that all transactions, if any, relating to deposits,
withdrawals, rrdiscolmts and borraaings by or on behalf of this corporation
with said ]x�nk prior to the adoption of this resolution be, and the same
heretr3 are, in all things ratified, approved and confirnied.
BE IT FURTHER RESOLVED that any bank or savings and loan may be used as
depositones for investment purposes so long as the investrnents comply witt7
authorized investments as set forth in Minnesota Statutes.
BE IT ES]FTfi�t RFS�,VID that the sicy�atures of two of the follaaing named City
engloyees are reqt,u ced for withdrawal of HRA investment fwids fran savings and
loan associations;
Flnance Director
City Manager
Assistant Finance Officer
BE IT FUKPf3ER RFSOLVID that any brokerage f iun may 6e used as a depository for
investment purposes so long as the investments comply with the authorized
irroestments as set forth in Minnesota Statutes.
PASSED AND ADOYPED BY THE HOUSING AND REDE�S7ELOPP9GNT AU�IORITY OF THE CITY UF
FRII]LEY TfiIS 137Y3 LL�1Y OF MARQ3, 1986
A7TEST:
�� y"1 � �..,�„�..
IM M. QURFSHI - DIREQbR
l�'n � t ' �` �-t�,r,z,�,c,c.F��
,�-c.L�_-
LFWRIIVCE R. �P'II�iERS - Q3AII2M11N