HomeMy WebLinkAbout6652 - ADMIN Resolution - City Council - 1980/09/15September 15, 1930
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RESOLUTION 6652
RESOLUTION REDESIGNATING DEPOSITORY FOR
CITY FUNDS
BE IT REVOLVED by the City Council of the City of St. Louis
Park that the Americana State Bank of Edina, Edina, Minnesota, be
hereby redesignated as a depository for the funds of the City,
and the maximum amount of such deposits to be kept therein at
any one time is hereby increased from $1.5 million to $2.5 million.
BE IT FURTHER RESOLVED that the Americana State Bank of Edina
deposit with the Northwestern 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 Council September 15, 1980
Attest:
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City Clerk
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Reviewed for administration: Approved as to form and legality:
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