RES 1980-05 - 000064225
RESOLUTION NO. 5 - 1980
A RESOLUTION DESIGNATING OFFICIAL DEPOSITORIES FOR THE CITY
OF FRIDLEY
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. I further certify that at a meeting of said corporation duly and
properly called and held on the 7th day of January 1980, the following
resolutions were passed; that a quorum was present at said meeting; and that
said resolutions are set forth in the minutes of said meeting and have not
been rescinded or modified.
IT IS HEREBY 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 shall be
signed by both of the following:
Marvin C. Brunsell, Clerk - Treasurer
Nasim M. Qureshi, City Manager
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.
IT IS FURTHER RESOLVED that all transactions, if any, relating to deposits,
withdrawals, re- discounts and borrowings 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 thing ratified, approved and confirmed.
IT IS FURTHER RESOLVED 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.
IT IS FURTHER RESOLVED that any two signatures of the following -named City
employees are required for withdrawal of City investment funds from savings
and loan associations, and for access to the safety deposit box:
Nasim M. Qureshi, City Manager
Marvin C. Brunsell, Clerk - Treasurer
Sidney C. Inman, Director, Central Services /Data Processing
IT IS 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.
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PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 7TH DAY OF
JANUARY, 1980.
ATTEST:
CI1'Y CL Cam- MARVIN 71NS LL