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RESOLUTION NO. 4108 <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> A RESOLUTION AUTHORIZING THE OPENING OF AN ACCOUNT WITH THE <br /> PORTICO US GOVERNMENT MONEY MARKET FUND <br /> WHEREAS, it is the desire of the Council of the City of <br /> Mounds View to maximize interest earnings on its temporarily idle <br /> cash; and <br /> WHEREAS, investment in money market funds which invest in US <br /> Government securities is permitted by State law; <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the <br /> City of Mounds View that the Finance Director-Treasurer and the <br /> Clerk-Administrator are authorized to open an account with the <br /> Portico US Government Money Market Fund and to invest City funds <br /> in the Fund. <br /> Adopted this 12th day of August, 1991. <br /> ATTEST: <br /> Mayor <br /> (SEAL) <br /> Clerk-Administrator <br />