Res 1998-01 00001
RESOLUTION NO. 1 - 1998
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 5th day of January,
1998, 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meeting and has not been rescinded or modified.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
Susan K. Lemieux, 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
Susan K. Lemieux, 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.
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Page 2 -- Resolution No. 1 - 1998
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:
Richard D. Pribyl, Finance Director-Treasurer ��' -�
c
Susan K. Lemieux, Assistant Finance Director f�,� ,emu ,
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 5TH DAY
OF JANUARY, 1998.
/ CY t.. 4R S - MAYOR
ATTEST: v
lakan-A.WILLIAM A. CHAMPA - CIT CLERK