HomeMy WebLinkAboutCity Council Resolution 1992-039CITY OF PLYMOUTH
RESOLUTION NO. 92-39
APPOINTING OFFICIAL DEPOSITORIES
FOR CITY FUNDS FOR 1992
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, MINNESOTA, that Firstar Bank of MN be
designated as the official general depository for 1992 for the
City of Plymouth's operating checking accounts;
BE IT FURTHER RESOLVED, that the following be designated as
official depositories for the City's temporary investment program
for 1192; the First Bank System, Norwest Banks, the American
National Bank of St. Paul, Marquette Bank of Minneapolis, First
National Bank of Wayzata and the Firstar Bank of MN;
BE IT FURTHER RESOLVED that the investment counselors and
institutions may be utilized during the 1992 year for the
acquisition of commercial paper, banker's acceptances, and
governmental securities;
BE IT FURTHER RESOLVED, that the designation of the foregoing
depositories are contingent upon receipt by the City of Plymouth
of evidence of sufficient collateral in the amount and kinds as
required by the State Statutes.
Adopted by the City Council on January 6, 1992.1-� ''r-4-