Res 1999-06 RESOLUTION NO.6-1999
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, 1999,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rescinded or modified.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 Norwest Banks 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
Alan D.Folie,Assistant Finance Director
William W.Burns,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.
BE IT FURTHER RESOLVED, that Norwest Banks as a designated depository of the corporation 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
Alan D.Folie,Assistant Finance Director
William W.Burns,City Manager
and Norwest Banks 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 Norwest Banks by the City Clerk or other officer of his corporation.
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.
Page 2--Resolution No. 6- 1999
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 lo a ociatio •
/ r
Richard D.Pribyl,Finance Director-Treasurer
•
Alan D.Folie,Assistant Finance Director POO
William W.Burns,City Manager
BE IT FURTHER RESOLVED, that any brokerage firm may be used as a vendor 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 4TH DAY OF
JANUARY, 1999.
RO RT L.BARNE l I E-MAYOR PRO TEM
ATTEST:
Alije
DE:RA A. SKOGEN-/TY CLERK