Res 1986 - 01 Establishing 1986 City Depositories of FundsCITY OF MENDOTA HEIGHTS
DAKOTA COUNTY, MINNESOTA
RESOLUTION NO. 86-01
RESOLUTION ESTABLISHING 1986 CITY DEPOSITORIES OF FUNDS
BE IT RESOLVED by the City Council of the City of Mendota Heights,
that the following institutions be designated as depositories for City
funds for 1986:
Dakota County State Bank '
Signal Hills State Bank
l`st Mn Savings Bank
Norwest Bank _of St.Paul,
Cherokee State Bank
Minnesota State Bank
First Bank St..Paul.X _
American National Bank of St. Paul
BE IT FURTHER RESOLVED that investment of City funds be in securities
authorized by Minnesota Statutes Chapters 118.17, 475.66 and 471.56.
Adopted by the City Council of the City of Mendota Heights this 7th day of
January, 1986.
CITY COUNCIL
CITY OF MENDOTA HEIGHTS:
By
OZ°4-urreri--
Robert G. Lockwood
Mayor
ATTEST:
thleen M. Swanson
City Clerk