My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
89-037
NewBrighton
>
Council
>
Resolutions
>
Resolutions 1989
>
89-037
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/8/2005 1:28:18 PM
Creation date
8/5/2005 11:54:56 AM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
Page 1 of 1
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />... <br /> <br />"'" ....... "'! <br /> <br />-: <br /> <br />RESOLUTION NO. 89-37 <br /> <br />State of Minnesota <br />County of Ramsey <br />City of New Brighton <br /> <br />. RESOLUTION DESIGNATING INSTITUTIONS AS DEFOSI'IORIES FOR INVES'IMENT PURPQSFS <br />AND NAMING THE PRIMARY DEPOSI'roRY AND RESCINDING RESOLUTION 89-21 <br /> <br />.Whereas, the City rrust officially designate depositories for funds; <br /> <br />, Whereas, the investment of funds shall be in accordance with Minnesota <br />Statutes and the guidelines established by the Financial Policy Advisory <br />Board; <br /> <br />Whereas, the City has used the services of the First State Bank of New <br />. Brighton as the primary depository and other institutions for invest.rrent <br />purfXJses; <br /> <br />NOW', therefore be it resolved that: <br /> <br />1. The First State Bank of New Brighton shall be designated as the City's <br />primary depository for 1989. <br /> <br />.' 2. 'Ihe institutions with which the City may make investments shall be as <br />,. follows: <br /> <br />American National Bank <br />Dain Bosworth Incorporated of Hinneapolis <br />First Bank National Association <br />First State Bank. of New Brighton <br />Juran and Moody, Incorporated <br />League of Minnesota Cities <br />Merrill Lynch <br />Piper, Jaffray and Hopwood <br />Shearson, LehJ:ran, Hutton, IncoytX)rated <br /> <br />3. Approval of the above institutions shall be contingent upon their <br />continuing to meet the guidelines of the Financial Policy Advisory Board. <br /> <br />4. Either a corporate surety bond or collateral shall be provided as <br />security when deposits made at any depository exceed the Federal DeJ.X>sitory <br />Insurance Corporation or Federal Savings and Loan Insurance Corporation <br />guarantee. <br /> <br />5. This Resolution shall be effective January 1, 1989. <br />6. This Resolution shall rescind in entirety Resolution 89-21. <br /> <br />Adopted this 14 t h <br /> <br />day of <br /> <br />March <br /> <br /> <br />...... 1..0. ....... .......... ~ <br /> <br />Mayor <br /> <br />;: <br />:1 " <br />~ : <br />-. <br /> <br />.--."0........ <br />iI '. <br />- ::1\'I;J:J;:ST:- <br />11 \ -.. <br />:l~tl~. <br />: 'Manjare\. A. Egan <br />'1 Finance Director/ <br />" City Clerk <br /> <br />'I <br /> <br />'; <br />, <br />
The URL can be used to link to this page
Your browser does not support the video tag.