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<br />'Ii <br /> <br />~, <br /> <br />" <br /> <br />RESOLUTION NO. <br /> <br />86-32 <br /> <br />i' ~ <br />~ j <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION DESIGNATING DEPOSITORIES FOR INVESTMENT PURPOSES <br /> <br />'i <br /> <br />Whereas, the City has a cash management and investment <br />policy; <br /> <br />" <br />i Whereas, as part of this policy, an annual selection is <br />, be to made of the banks and dealers w{th which the City may <br />'I; <br />q conduct its investments; <br /> <br />~ i <br /> <br />Whereas, in qualifying for selection, the banks and <br />dealers must agree to abide by the terms of the investment <br />policy and also furnish some financial background materials; <br /> <br />NOW, THEREFORE BE IT RESOLVED THAT THE FOLLOWING <br />INSTITUTIONS SHALL BE DESIGNATED AS DEPOSITORIES OF CITY <br />FUNDS FOR THE PURPOSES OF INVESTMENTS: <br /> <br />1. First State Bank of New Brighton <br />2. American National Bank <br />3. Norwest Bank Central <br />4. Norwest Bank Minneapolis <br />5. Norwest Bank St. Paul <br />6. Offerman and Company <br />7. First Bank Minneapolis <br />8. First Bank st. Paul <br />9. F & M Marquestte National Bank <br />10. First State Bank of st. Paul <br />11. Twin City Federal Savings and Loan <br />12. Dain Bosworth Incorporate of Minneapolis <br />13. Juran and Moody, Inc. - St. Paul <br /> <br />Adopted thisBth day of April, 1986. <br /> <br /> <br />R~ <br /> <br /> <br /> <br />-......-...... <br />