HomeMy WebLinkAboutCity Council Resolution 1978-032OITY OF PLYMOUTH •
Pursuant to due call and notice thereof, a special meeting of
the City Council of the City of Plymouth, Minnesota was def- o� n the
9th day of January , 1978 . The following members were
present: Old and s a.8th
The following members were absent: NnnP
ttt **R iHnt
Councilmember Spaeth introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 78-32
OFFICIAL DEPOSITORIES FOR CITY FUNDS - 1978
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 1978: the First National Bank of Minneapolis, the First National Bank
of Wayzata and the Plymouth State Bank.
BE IT FURTHER RESOLVED that the following be designated as official de-
positories for the City's temporary investment program for 1978: 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 suff-cient
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
Councilmember Neils , and upon vote being taken thereon, the
0 Ow ng Voted in favor thereof. Mayor Hunt Councilmembers Hoyt. Neils.
Seibold and Spaeth
W-Tollowing voteloagaInst or abstained; None
Whereupon the Resolution was declared duly pasised and a op e .
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