HomeMy WebLinkAboutResolution - 97-6 - Authorizing the Treasurer to Invest City of Eden Prairie Funds - 01/07/1997 97-6
CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,NIINNESOTA
RESOLUTION NO. 9 7 - 6
A RESOLUTION AUTHORIZING THE TREASURER TO INVEST
CITY OF EDEN PRAIRIE FUNDS
BE IT RESOLVED,by the City Council of the City of Eden Prairie, County of
Hennepin,that the City Treasurer is authorized to invest City of Eden Prairie funds with any
bank, or other financial institution authorized to do business in the State of Minnesota in
Certificates of Deposit,U.S. Government Notes and Bills, obligations of the State of Minnesota
or any of its subdivisions,Federal Government Agency Bonds and Notes, Saving Accounts and
Repurchase Agreements and any other security authorized by law. The City Treasurer shall
maintain adequate collateral for funds deposited.
ADOPTED by the City Council of the City of Eden Prairie on this 7th day of January,
1997.
Jean Harris,Mayor
ATTEST:
SEAL
J rane, City Clerk