HomeMy WebLinkAbout5972 - ADMIN Resolution - City Council - 1978/03/201
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March 20, 1978
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RESOLUTION NO. 5972
RESOLUTION REDESIGNATING DEPOSITORY FQR CITY FUNDS
BE IT RESOLVED by the City Council of the City of St. Louis Park
that Citizens State Bank of St. Louis Park, St. Louis Park, Minnesota, be
hereby redesignated as a depository for the funds of the City, and the
maximum amount therefore to be increased from $3,000,000 to $4,000,000;
BE IT FURTHER RESOLVED that the Citizens State Bank of St. Louis Park
deposit with the First National Bank of Minneapolis as security for such
deposits, such securities as may be approved by the City Council in the
manner and amount required by law.
Adopted by the City Counc'l March 20, 1978
Attest:
ity Clerk
iewed. for a+ Mini: ration:
eALAII • 64004-441,-,
CitY1 Manage
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Approved as to form and legality:
City ttorney