RES 1979-01 - 00006632RESOLUTION NO. 1 - 1979
A RESOLUTION DESIGNATING AUTHORIZED SIGNATURES FOR THE
CITY OF FRIDLEY AND OFFICIAL DEPOSITORIES
I, Marvin C. Brunsell, do hereby certify that I am Clerk- Treasurer of
the City of Fridley, a corporation organized under the laws of the State
of Minnesota, at a meeting of the Council of said corporation duly and
properly called and held on the 8th day of January, 1979; that a quorum
was present at said meeting; that said resolutions are set forth in the
minutes of said meeting and have not been rescinded or modified.
RESOLVED, That the Fridley State Bank is hereby designated as a
depository for the funds of this corporation.
RESOLVED FURTHER, That checks, drafts or other withdrawal orders
issued against the funds of this corporation on deposit with said bank
may be signed by any two of the following:
Marvin C. Brunsell, Clerk - Treasurer
Nasim M. Qureshi, City Manager
and said bank is hereby fully authorized to pay and charge to the account
of this corporation any checks, drafts or other withdrawal orders.
RESOLVED FURTHER, That all transactions, if any, relating to deposits,
withdrawals, rediscounts and borrowings by or in 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 confirmed.
RESOLVED FURTHER, that any bank or savings and loan may be used as
depositories for investment purposes, so long as the investments comply
with the authorized investments as set forth in Minnesota Statutes.
RESOLVED FURTHER, that for withdrawal of City investment funds from
Savings and Loan Associations and for access to the safety deposit box,
any two of the three following named City employee's signatures are
required:
Nasim M. Qureshi, City Manager
Marvin C. Brunsell, Clerk- Treasurer
Sidney C. Inman, Accounting and Budget 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 forth in Minnesota Statutes.
I further certify that the Council of this corporation has, and at
the time of adoption of said resolution had, full power and lawful authority
to adopt the foregoing resolutions and to confer the powers therein granted
to the persons named who have full power and lawful authority to exercise
the same.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 8TH DAY
OF JANUARY, 1979.
ATTEST:
MAYOR - WILLIAM . NEE
I