Res 1997-01 000c1.
RESOIIIPI I ND. 1 - 1997
RESOLUTION DESIGNATIIC aFFICIAL 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 6th day of January, 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resolution is set forth in the minutes of meeting and has not been rescinded or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
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 depositary 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
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 FURL 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 - 1997
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 FUG 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 Directo 42-4 PY
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 6TH DAY OF
JANUARY, 1997.
i
r. CY • t A7 - MAYOR
ATTEST:
1 i
♦ i .I ALta.
WILLIAM A. C[3AMPA - CITY a �-
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