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RES 1971-01 - 00008588RESOLUTION NO. 1 -1971 A RESOLUTION NAMING DEPOSITORY FOR THE YEAR 1971 AND DESIGNATING AUTHORIZED SIGNATURES FOR THE CITY OF FRIDLEY RESOLVED, that the FRIDLEY STATE BANK hereinafter sometimes called the Bank be and it hereby is designated as a depository for the funds of this corporation for the year 1971. RESOLVED FURTHER, that checks, drafts or other withdrawal orders issued against the funds of this corporation on deposit with said Bank shall be signed by the following: Marvin C. Brunsell — City Treasurer and said Bank is hereby fully authorized to pay and charge to the account o4 this corporation any checks, drafts or other withdrawal orders. RESOLVED FURTHER, that this resolution shall continue in force until express written notice of its rescission or modification has been furnished to and received by said Bank. RESOLVED FURTHER, that all transactions, if any, in respect to any deposits, withdrawals, rediscounts and borrowings by or in behalf of this corporation with said Bank prior to the adoption of this re- solution be and the same hereby are in all things ratified, approved and confirmed. 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, 1971. ATTEST: CITY CLERK - MARVIN C. BRUNSELL d uo K . , MAYOR - JACK 0. KIRKHAM 1 =i 1 '9