RES 1981-02 - 00006119RESOLUTION NO. 2 - 1981
A RESOLUTION DESIGNATING OFFICIAL DEPOSITORIES FOR THE CITY
OF FRIDLEY
I, Sidney C. Inman, do hereby certify that I am Clerk- 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 1981, the following resolutions were passed;
that a ouorum was present at said meeting; and that said resolutions are set
forth in the minutes of said meeting and have not been rescinded or modified.
IT IS HEREBY RESOLVED that the Fridley State Bank 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 both of the following:
Sidney C. Inman, Clerk- Treasurer
Nasim M. Qureshi, 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.
IT IS 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.
IT IS 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.
IT IS FURTHER RESOLVED that the signatures of the following named City
employees are reauired for withdrawal of City investment funds from savings and
loan associations, and for access to the safety deposit box:
Nasim M. Qureshi, City Manager
Sidney C. Inman, Director Central Services /Clerk- Treasurer
IT IS FURTHER RESOLVED that any brokerage firm may be used as a depository 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, 1981.
ATTEST-
c.-
CITY CLEW - SIDNEY C. INMAN
0090A/0953A
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MAYOR - WILE I M J. NEE
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