HomeMy WebLinkAboutCity Council Resolution 1976-020W MW
CITY OF PLYMOUTH
Pursuant to due call and notice thereof, aregular meeting of the City
Council of the City of Plymouth, Minnesota, was—held on the 5th day
of January , 19 76 . The following members were present:
Ma or Hilde Councilmen HunSeibold
The o owing members were a sent: None
Councilman Hunt introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 76-20
OFFICIAL DEPOSITORIES FOR CITY FUNDS - 1976
WHEREAS, State Statutes require that the City designate general depositories
for City monies,
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH
that the following be designated as official general depositories for 1976:
the First National Bank of Minneapolis, the First National Bank of Wayzata and
the Plymouth Sate Bank.
BE IT FURTHER RESOLVED that the following be designated as official depositories
fcr the City', temporary investment program for 1976: the Marquette National Bank
of Minneapolis, the New Hope State Bank of New Hope, the first National Bank of
St. Paul, the First Federal Savings & Loan of Wayzata, the Twin City Federal
Savings & Loan of Ridgedale, the Northwestern National Bank of Minneapolis,
the Northwestern National Bank of St. Paul and the American National Bank of
St. Paul.
BE IT FURTHER RESOLVED that the designation of the foregoing depositories is
contingent upon receipt by the City of Plymouth of evidence of sufficient
collateral in the amount and kinds as required by the State Statutes.
The motion for the adoption of the foregoing Resolution was duly seconded by
li and upon vote being taken thereon, the
0 ow ng voted n favor thereof: Mayor Hilde. �InunrilmPn H -int Nail,,
Seibold and Spaeth
The following voted against or abstained:
Whereupon the Resolution was declared duly passe an�ed.