RES 1985-02 - 00005053RESOLUTION NO. 2 - 1985
• 1
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 7th day of January 1985, 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forth in the minutes of meeting and has not been rescinded or modified.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 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 two of the following:
Sidney C. Inman, Clerk- Treasurer
Nasim M. Qureshi, City Manager
Richard D. Pribyl, Finance Officer
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 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 ratifited, approved and confirmed.
BE IT FURTHER RESOLVED that any bank or savings and loan may be used as
depositories for investments 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, and for access to the safety deposit box:
Sidney C. Inman, Clerk- Treasurer
Nasim M. Qureshi, City Manager
Richard D. Pribyl, Finance Officer
BE IT 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.
11 i
Page 2 — Resolution No. 2 — 1985 3
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 7TH DAY OF
JANAURY, 1985.
Y
WILLIAM J. NEU MAYOR
ATTEST:
z .
SIDNEY fifAN — CITY CLERK