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CITY OF ST., ANTHONY <br />RESOLUTION 07-002 <br />A RESOLUTION DESIGNATING THE OFFICIAL <br />DEPOSITORY FOR CITY FUNDS <br />BE IT -RESOLVED that the City Council of the City of St. Anthonyhereby desi ates <br />that Bremer Bank, N.A. of St. Anthony as a depository for the funds of the City and that <br />said bank shall also be the bank for this City with respect to an / all other banking <br />g <br />services required or used by this City. <br />BE IT FURTHER RESOLVED, that this notice shall continue .in force until December 31, <br />2007, or until written notice of its revision or mocinication has been received by said <br />bank. <br />BE IT FURTHER. RESOLVED, that said bank deposit such securities in the amount and <br />in the manner required by law. <br />BE IT FURTHER RESOLVED, that the Finance Director be authorized to accept such <br />securities as collateral as required by law, and that, said collateral be held at the Bremer <br />Bank of St. Anthonyfor safekeeping. <br />BE IT --FURTHER RESOLVED, that the City Clerk shall transmit to the Bremer Bank, <br />N.A. of St. Anthony a copy of this resolution. <br />Adopted this 9th dav of januarv, 200 <br />Mayor <br />ATTEST: <br />City Clerk <br />Review for Administration <br />City Manager <br />FACouncil Meetings\2007\010907\depository for city funds.doc <br />16 <br />