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5) <br /> <br />Design_ate off:~.cial depositories of City funds for calendar year 1987: <br />City Council, in acoordanoe~ with State Statutes Section 118.005, shall <br />designate as depository, of fu~ls national, insured State banks or thrift <br />institutions as defined in Section 51A.02, Subdivision 23 of the State <br />Statutes. The institutions, listed on the proposed resolution have been <br />authorized by prior C~unci] ac..~ion. <br /> <br /> <br />