HomeMy WebLinkAboutCity Council Resolution 1993-030CITY OF PLYMOUTH
RESOLUTION NO. 93- 30
APPOINTING OFFICIAL DEPOSITORIES
FOR CITY FUNDS FOR 1993
WHEREAS, State Statutes require that the City designate general depositor_es
for City monies;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH, MINNESOTA, that First National Bank of Wayzata be designated as the
official general depository for 1993 through 1995 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 1993; 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 investment counselors and institutions may be
utilized during the 1993 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 4, 1993.