HomeMy WebLinkAboutCity Council Resolution 1996-004•
CITY OF PLYMOUTH
RESOLUTION NO. 9&4
APPOINTING OFFICIAL DEPOSITORIES
FOR CITY FUNDS FOR 1996
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 Anchor Bank National
Association be designated as the official general depository for 1996 for the City of
Plymouth's checking accounts;
BE IT FURTHER RESOLVED that the following be designated as official
depositories for the City's temporary investment program for 1996; the First Bank
System, Norwest Banks, the American National Bank of St. Paul, Marquette Bank and
Anchor Bank National Association;
BE IT kURTHER RESOLVED that investment counselors and institutions may be
utilized during the 1996 year for the acquisition of commercial paper 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 9, 1996.
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