HomeMy WebLinkAbout6993 - ADMIN Resolution - City Council - 1981/10/19October 19, 1981
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RESOLUTION NO. 6993
RESOLUTION DESIGNATING DEPOSITORY FOR
CITY FUNDS
BE IT RESOLVED by the City Council of the City of St. Louis Park
that the Midland National Bank of St. Louis Park, Minnesota, be
hereby designated 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 not to exceed $1 million.
BE IT FURTHER RESOLVED that the Midland National Bank of St. Louis
Park 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 October 19, 1981.
Attest:
L,ILy Clerk 4(1"1""--/-1)
Reviewed for Administration:
Mayor,,
C4,2(
Approved as to form and legality:
ty anager City Attorney