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HomeMy WebLinkAbout119 - ADMIN Resolution - City Council - 1955/08/0861 Resolution No. 118 - continued BE IT RESOLVED that said sum so defiosited be accepted in lieu of said bond on the understanding that the same shall be held by the City Treasurer until the City Manager shall be satisfied that all labor and material furnished in connection with said water main and grading improvements shall have been paid and the said Richard N. Moldestad shall have fully performed said contract. On order of said Richard N. Moldestad the said City may pay out of said sum any amount due to a subcontractor of said Richard N. Moldestad employed for the performance of said work. Resolution No. 119 Adopted August 8, 1955 On motion of Councilman Middleton, seconded by Councilman •Jorvig, the following resolution, having been read by the Secretary, was adopted by unani- mous vote of all Members of the Council present; except Councilman Bolmgren who did not vote. RESOLUTION DESIGNATING DEPOSITORY FOR CITY FUNDS RESOLVED by the City Council of the City of St. Louis Park that the PARK - PLAZA STATE BANK OF ST. LOUIS PARK, MINNESOTA be hereby designated as a depository for funds of the City, and the Treasurer of the City is hereby directed to deposit in said Bank advance payments of deferred instalments of special assessments, and such other funds as may be directed by the City Council, provided the aggregate amount of said deposits with said Depository Bank shall not exceed $100,000.00 at any one time; and provided that said Bank deposits with the Federal Reserve Bank of Minneapolis for the Treasurer.'of the City, securities of such kind and amount as to comply with Mason's Minnesota Statutes, 1927, Section 1973-1, and furnishes the Treausrer of the City with an assignment of said securities as provided by said statute, RESOLVED FURTHER that until further order of the City Council by resolution, withdrawals from said account shall be upon the written order of the Treasurer, countersigned by the City Manager and the City Clerk (See 125) Resolution No.120 Adopted August 8,.1955 On motion of Councilman Perkins, seconded by Councilman Davis, the following resolution, having been read by the Secretary, was adopted by unanimous vote of all Members of the Council present: RESOLUTION AUTHORIZING FACSIMILE SIGNATURES RESOLVED that Park Plaza State Bank of St. Louis Park as a designated de- pository of the City of St. Louis Park be and it is hereby requested, authorized and directed to honor checks, drafts or other orders for the payment of money drawn in this City's name, including those payable to the.individual order of any person or persons whose name or names appear theron as signer or signers therof, when bearing or purporting to bear the facsimile signatures of all three of the follow- ing: Tom Chenoweth, City Manager, Joseph Justad, Clerk, and Mildred -H. Melbourne, Treasurer, and the Park -Plaza State Hank of St. Louis Park shill be entitled to honor and to charge to this City for such checks, drafts, or other orders, regard- less of by whom or by what means the actual or purported facsimile signature or signatures thereon may have been affixed thereto, if such signature or signatures resemble the facsimile specimens duly certified to or filed with Park -Plaza State Bank of St. Louis Park by the Clerk or other officer of this City. BE IT FURTHER RESOLVED, that any and all resolutions heretofore adopted by the City Council of the City of St. Louis Park and certified to Park -Plaza State Bank of St. Louis Park as governing the operation of this City's account(a) with it, be and are hereby continued in full force and effect, except as the same may be supplemented or modified by the foregoing part of this resolution.