Res 1997-68 RESOLUTION NO. 68 - 1997
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 14th day of April,
1997, 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meeting and has not been rescinded or modified.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.
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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:
Richard D. Pribyl, Finance Director-Treasurer r/•-f ,
Susan K. Lemieux, Assistant Finance Director
William W. Burns, City Manager I1'
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 8th
DAY OF SEPTEMBER, 1997.
1 ' Y J. 041:"G fSO4 - MAYOR
ATTEST:
L.OLA.,yeN. a WILLIAM A. CHAMPA - CITY CLERK