HRA RES 1988-01 - 00013825� RESOLUTION N0. HRA 1- 1988
R&SOLUTION DE3IGNATTNG OFFICIAL DEPOSITORIES FOR TklE
FRIDLEY HOUSING AND REDEVELOPMENT AIITHORITY
IT IS HEREBX RESOLVED that the Fridley State Bank is hereby designated as a
depository for the funds of this corporation
IT IS FURTHER RESOLVED that checks, drafts or other withdrawal orders issued
against the funds of this corporation on deposit with said bank sha11 be
signed by two of the following
Finance Director
City Manager
Assistant 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 orders
BE IT FURTHER RESOLVED that all transactions, if any, relating to deposits,
withdrawals, re-discounts and borrowings Uy or on behalf oE this corporation
with said bank prior to the adoption of this resolution be, and the same
hereby are, in all things ratified, approved and confirmed
� BE IT FURTHER RESOLVED that any bank or savings and loan may be used as
depositories £or investment purposes so long as the investments comply with
authorized investments as set forth xn Minnesota Statutes
BE IT FURTHER RESOLVED that the signatures of two of the following named City
employees are required for withdrawal of HRA investment funds from savings and
loan associations.
Finance Directior
City Manager
Assistant Finance Officer
BE IT FURTHER RESOLVED that any brokerage firm may be used as a depository for
investment purposes so long as the investments comply with the authorized
investments as set foYth in Minnesota Statutues
PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHQRITY OF THE CITY OF
FRIDLEY THIS 14TH DAY OF JANUARY. 1988
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LAWRENCE R COMMERS
CHAIRMAN
ATTEST� + �
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% � EXECUTIVE DIRECTOR
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