RES 1988-06 - 00004340IRESOLUTION NO. 6 - 1988
RESOLUTION DESIGNATING OFFICIAL DEPOSITORIES FOR THE CITY
OF FRIDLEY
I, Richard D. Pribyl, do hereby certify that I am Finance Director - 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 4th day of January 1988, the following
resolution was passed; that a quorum was present at said meeting; and that
said resolution is set forth in the minutes of meeting and has 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rescinded or modified.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 two of the following:
Richard D. Pribyl, Finance Director - Treasurer
' Nasim M. Qureshi, City Manager
Julie M. Burt, Assistant Finance Director
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 the Fridley State Bank as a designated depository
of the corporation be and it is hereby requested, authorized and directed to
honor checks, drafts or other orders for the payment of money drawn in this
corporation's name, including those drawn to the individual order of any
person or persons whose name or names appear thereon as signer or signers
thereof, when bearing or purporting to bear the facsimile signatures of two of
the following:
Richard D. Pribyl, Finance Director - Treasurer
Nasim M. Qureshi, City Manager
Julie M. Burt, Assistant Finance Director
and the Fridley State Bank shall be entitled to honor and to charge this
corporation for all such checks, drafts or other orders, regardless of by whom
or by what means the facsimile signature or signatures thereon may have been
affixed thereto, if such facsimile signature or signatures resemble the
facsimile specimens duly certified to or filed with the Fridley State Bank by
the City Clerk or other officer of his corporation.
Page 2 - Resolution No. 6 - 1988
BE IT FURTHER RESOLVED, that any and all resolutions heretofore adopted by the
City Council of the Corporation and certified to as governing the operation of
this Corporation's account(s) with it, be and are hereby continued in full
force and effect, except as the same may be supplemented or modified by the
foregoing part of this resolution.
BE IT 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 things ratified, approved and confirmed.
BE IT FURTHER RESOLVED that any bank or savings and loan may be used as
depositories for investment purposes so long as the investments comply with
authorized investments as set forth in Minnesota Statutes.
BE IT FURTHER RESOLVED that the signatures of two 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:
Richard D. Pribyl, Finance Director - Treasurer
Nasim M. Qureshi, City Manager
Julie M. Burt, Assistant Finance Director
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
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 4TH DAY OF
JANUARY, 1988
ATTEST:
SHIRLEY A. HAAPALA - nTY CLERK
v v j&04 -�-j
WILLIAM J. NEE YOR
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 4TH DAY OF
JANUARY, 1988
ATTEST:
SHIRLEY A. HAAPALA - nTY CLERK
v v j&04 -�-j
WILLIAM J. NEE YOR