HomeMy WebLinkAboutResolution - 929 - Authorizing the Treasurer to Invest in Various Local Banks - 01/07/1975 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 929
A RESOLUTION AUTHORIZING THE TREASURER TO INVEST CITY OF
EDEN PRAIRIE FUNDS IN THE FIRST NATIONAL BANK OF HOPKINS,
NORTHWESTERN NATIONAL BANK OF HOPKINS, FIRST NATIONAL BANK
OF MINNEAPOLIS, NORTHWESTERN NATIONAL BANK OF MINNEAPOLIS,
CHANHASSEN STATE BANK OF CHANHASSEN, GLEN LAKE STATE BA14K OF
MINNETONKA, FIRST EDINA NATIONAL BANK, FIRST SOUTHDALE NATIONAL
BANK OF EDINA AND SOUTHWEST FIDELITY STATE BANK OF EDINA, NORTH-
WESTERN NATIONAL BPNK SOUTHWEST OR ANY OTHER BANK CHARTERED
TO DO BUSINESS IN THE STATE OF MINNESOTA.
BE IT RESOLVED, by the City Council of the City of Eden Prairie,
County of Hennepin authorizing the Treasurer to invest City of Eden
Prairie funds in the above banks in Certificates of Deposits, U. S.
Government Notes and Bill s,obligations of the State of Minnesota or
any of it��subdivisior5, Federal Government Agency Bonds and Notes,
Savings Accounts and Repurchase Agreements and any security authorized
by law. The City Treasurer shall secure and maintain adequate security
for funds deposited.
ADOPTED by the City Council on this 7th day of January, 1975.
David W. Osterholt, Mayor
ATTEST:
l � `
SEAL
Jo D. Frane; ,erk