RES 1995-05 - 000028536
' RESOLUTION NO. 5 - 1995
RESOLUTION DESIQI,TING OFFICIAL DEPOSITORIES MR 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 9th day of January, 1995, 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resolution is set forth in the minutes of meeting and has not been rescinded or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 and its successors are 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:
Richard D. Pribyl, Finance Director - Treasurer
William W. Burns, City Manager
Howard D. Koolick, Assistant Finance Director
' 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 the Fridley State Bank and its successors as a
designated depositary of the corporation is hereby requested, authorized and
directed to honor checks, drafts or other orders for the payment of money drawn
in this corporation's name, including those drawn to the individual order of any
person or persons whose name or names appear thereon as signer or signers
thereof, when bearing or purporting to bear the facsimile signatures of two of
the following:
Richard D. Pribyl, Finance Director-Treasurer
William W. Burns, City Manager
Howard D. Koolick, Assistant Finance Director
and the Fridley State Bank and its successors shall be entitled to honor and to
charge this corporation for all such checks, drafts or other orders, regardless
of by whom or by what means the facsimile signature or signatures thereon may
have been affixed thereto, if such facsimile signature or signatures resemble
the facsimile specimens duly certified to or filed with the Fridley State Brink
and its successors by the City Clerk or other officer of his corporation.
BE IT FURTHER RESOLVED, that any and all; resolutions heretofore adopted by the
City Council of the corporation and certified to as governing the operation of
this corporation's accounts) with it, be and are hereby continued in full force
and effect, except as the same may be supplemented or modified by the foregoing
part of this resolution.
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IPage 2 — Resolution No. 5 - 1995
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 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 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:
Richard D. Pribyl, Finance Director - Treasurer -� L� I✓
Q—
William W. Burns, City Manager�/�,,.� �eKflJeAf,� /i_
/�
Howard D. Koolick, Assistant Finance Director � //(Tt'��'�
BE IT FURI'I-IER RESOLVED, that any brokerage firm may be used as a vendor 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 9TH DAY OF
JANUARY, 1995.
WI J. NEE - MAYOR
ATTEST:
M I• • N 91•