HomeMy WebLinkAboutResolution - 87-5 - Authorizing the Treasurer to Invest City of Eden Prairie Funds - CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 87-05
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, Savings 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 on this 6th day of January, 1987.
Gary P ersor�, Mayor
ATTEST:
SEAL
Jobe rane, City Clerk