HRA RES 1995-05 7
HRA RESOLUTION NO. 5 - 1995
RESOLUTION DESIGNATING OFFICIAL DEPOSITORIES FOR THE
FRIDLEY HOUSING & REDEVELOPMENT AUTHORITY
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 follows:
Richard D. Pribyl, Finance Director-Treasurer
William W. Burns, Executive Director/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 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 investment 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 HRA investment funds from savings and
loan associations:
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Richard D. Pribyl, Finance Director-Treasurer
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William W. Burns, Executive Director/City Manager
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H oward D. Koolick, Assistant Finance Director
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Page 2 -- HRA Resolution No. 5 - 1995
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.
PASSED AND ADOPTED BY THE BOARD OF THE HOUSING & REDEVELOPMENT AUTHORITY OF
FRIDLEY, MINNESOTA, THIS 9TH DAY OF FEBRUARY, 1995.
LAWRENCE R. COMMERS - CHAIRMAN
ATTEST:
WILLIAM W. BURNS - EXECUTIVE DIRECTOR