HomeMy WebLinkAboutCity Council Resolution 1977-026CITY OF PLYMDUIIi
Pursuant to due call and notice thereof, a regular meeting of
10 the City Council of the City of Plymouth, Nffimesota waste► le 3on the
3rd day of January , 19 77. The following members were
Hu
Present: Mjvor Hilde, Councilmen nt,—Fleils, Seibold and Spaeth
The following members were absent: None
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Councilman Hunt introduced the following Resolution and moved
Its tion:
RESOLUTION NO. 77-26
OFFICIAL DEPOSITORIES FOR CITY FUNDS - 1977
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 1977: the First National Bank of Minneapolis, the First "lational Bank
of Wayzata and the Plymouth State Bank.
BE IT FURTHER RESOLVED that the following be designated as official depositories
for the City's temporary investment program for 1977: 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 Councilman S aeth and upon vote being taken thereon, the
following voted in favor ereof: _Mayor Hilde, Councilmen Hunt, Neils,
Seibold and Spaeth
'11le following voted against or abstained: one
Whereupon the Resolution was declared duly pass t
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