HomeMy WebLinkAboutResolution - 1069 - Authorizing Treasurer to Invest City Funds in Certain Banks - 01/06/1976 y
CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESO TA
RESOLUTION NO. 1069
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 BANK OF
MINNETONKA, FIRST EDINA NATIONAL BANK, FIRST SOUTHDALE NATIONAL
BANK OF EDINA AND SOUTHWEST FIDELITY STATE BANK OF EDINA, NORTH-
WESTERN NATIONAL BANK 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 Bills, obligations of the State of Minnesota or any of its subdivisions,
• 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 6th day of January, 1976.
M YOR
ATTEST:
SEAL
l..
j n D. Fra e, Clerk