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I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />RESOLUTION #83-1 <br /> <br />RESOLUTION DESIGNATING FINANCIAL INSTITUTIONS AS OFFICIAL DEPOSITORIES OF <br />CITY FUNDS <br /> <br /> WHEREAS, the City of Ramsey must designate certain financial in- <br />stitutions as official depositories of City funds in accordance with M.S. <br />Chapter 427.O1 and 427.02. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL, CITY OF RAMSEY, ANOKA <br />COUNTY, STATE OF MINNESOTA, as follows: <br /> <br /> 1) That the City of Ramsey hereby appoints the State Bank of <br />Anoka as the official depository of its checking account and savings <br />account. <br /> <br /> 2) That the City of Ramsey hereby appoints the following finan- <br />cial institutions as depositories of City funds: <br /> <br />a) First National Bank of'Anoka <br />b) First National Bank of Minneapolis <br />c) Northwestern Bank of Minneapolis <br />d) Twin City Federal Savings and Loan <br />e) Minnesota Federal SAvings and Loan <br />f) Dain Bosworth, Inc. <br /> <br /> 3) That the City of Ramsey will place its investments with the <br />highest bid received from any of the above designated depository institutions. <br /> <br /> 4) That a Copy of this resolution be furnished to the City <br />Accountant for the .records. <br /> <br /> <br />