HomeMy WebLinkAboutCity Council Resolution 1979-029CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a Sgecial�Coun'ilmeeting of
the City Council of the City of Plymouth, Minnesota was held on the
8th day of --January , 19_Z_2_. The following members were
present: Mayornt Councilmembers Hoyt. Neils. Seibold and Sp,Pth
The following members were absent: None
Councilmember Seibold introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 79- 29
OFFICIAL DEPOSITORIES FOR CITY FUNDS - 1979
WHEREAS, State Statutes require that the City designate general depositories
`cr City monies.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH, MINNESOTA, that the following be designated as official general de-
positories for 1979: 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 1979: 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
Councilmember Neils , and upon vote being taken thereon, the
following vote n Tayor thereof. Mayor Hunt. Councilmembers Hoyt, Neils,
Seibold and Spaeth
Ine Tollowing voted against ora sta ne ; Nong
Whereupon the Resolution was declared duly passed and adopted.