RES 1986-02 - 00004758002
RESOLUTION NO. 2 - 1986
RESOLUTION DESIGNATING OFFICIAL 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 1986, the following
resolution was passed; that a quorum was present at said meeting; and that
said resolution is set forth in the minutes of the 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rescinded or modified.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 RESCLVED 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
Nasim M. Qureshi, City Manager
Julie M. Burt, 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 RESCLVED 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.
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 RESCLVED 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:
Richard D. Pribyl, Finance Director- Treasurer
Nasim M. Qureshi, City Manager
Julie M. Burt, Finance Officer
BE IT FURTHER RESCLVED 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.
Page 2 - Resolution No. 2 - 1986 003
PASSED AND ADOPTED BY TEE QTY ODUNCIL OF THE CITY OF FRIDLEY THIS 6TH DAY OF
JANUARY, 1986
' & 4-EXA�
W LIAM J. N7 MF.YOR
ATTEST:
�6,
SHIRLEY A. W.APALA - MY CLERK