88-048 RES
.
RESOLUTION 88 - 48
RESOLUTION DESIGNATING FINANCIAL INSTITUTIONS
TO BE USED FOR INVESTMENT OF IDLE CITY FUNDS
BE IT RESOLVED by the City Council, City of Elk River, that the
following named Financial Institutions are hereby designated
as depositaries for the investment of the idle funds of the
City of Elk River, Minnesota:
1. Edward Jones
2. Merrill Lynch
BE IT FURTHER RESOLVED that the City Treasurer may recommend that
additional institutions be designated for purposes of
investing City Funds.
Passed and adopted by the City Council of the City of Elk River
this 27th day of June, 1988.
GffJJ!; ~> JL~d
Estelle E. Gunkel, Mayor
. ATTEST:
.
QJ R j?~
Patrick D. Klaers, City Administrator