HRA RES 1987-06 - 000138211
RS9Q,VF�i ND. ffitA 6— 1987
RES(&DTION DESIGNATII� OFFICIAL DEPOSIYY)RIES FOR THE
j�'jZii7.F.V HQISIITi AND Rffi�FV�. LO�I'16NP AiFl47l]R7TV'
IT IS HERFSY RFSOI,VED that the Fridley State Bank is hereby desionated as a
depository for the funds of this wrporation.
PP IS FURTHER RESOLVED that checks, drafts or other witYic3rawal orders issuea
against the func.s of tkiis corporation on deposit with sdid bank shall be
signed by two of the follaaing:
Flnance Director
City Marrager
A�sistant Finance Qfticer
and that said bank is hereby fully authorized to �xiy and charye to the account
of this corporation any checks, drafts, or other withdrawal orc7ers.
BE IT FURTHIIt RESOLVED that all transactions, if any, relating to deposits,
withdrawals, rrdiscounts and borrowings by or on behalf of this corporaticn
with said bank prior to the adoption of this resolution be, and the same
hereby are, in all things ratified, approved and confirnied.
, BE IT FURTHER RESOLVED that any bank or savinys ano loan may be used as
depositoraes for investment purposes so long as the investments comply with
authorized investments as set forth in Minnesota Statutes.
BE IT Fi1RTfIER RESOLVED that the signatures of two of the follcwing named City
enployees are required for withdrawal of HRA ir�vestment fimds frc7m szvir.gs and
loan associations:
Finance Director
City b7anager
Assistant Finance Ofiicer
BE IT FURTHIIt RFSOLVED that any brokerage firn� may be used as a depository for
investment purposes so long as the investments comply with the authorized
irn�estments as set forth in Minnesota Statutues.
�SSED AND ADOFPED BY THE HOUSING AP7D RFd1EVELGH+IENT AU7F?QRITY OF THE CITY OF
FRIDLEY THIS 9TH AAY OF APRIL, 1987
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LAWRIIQCE R. COMMERS
CiIAIRMAN
' ATTEST:
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J L. "Jb � ROBERTS�I
�",�CUTIVE DIREC'IOR