87-001 RES
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RESOLUTION 87- 1
RESOLUTION DESIGNATING DEPOSITORIES OF CITY FUNDS
BE IT RESOLVED by the City Council of the City of Elk River that
following named banks are hereby designated as the
depositories for the funds of the City of Elk River,
Minnesota:
1. Bank of Elk River
2. First National Bank of Elk River
3. Security Federal Savings and Loan of Elk River
4. F & M Marquette National Bank of Minneapolis
5. Twin City Federal Savings and Loan
6. First National Bank of St. Paul
7. First National Bank of Minneapolis
8. Norwest Bank
BE IT FURTHER RESOLVED that the City Treasurer may recommend that
additional depositories be designated for purposes of
investing City funds.
Passed and adopted by the Elk River City Council this 5th day of
January, 1987.
Cddh ~
Estelle Gun el, Mayor
ATTEST:
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Patrick Klaers, City Administrator