#211 10-07-58 Authorize Deposit Securities with Custodian484
Resolution No. 211 October 7, 1958
Member Flannagan then introduced the following resolution and MOVED its
adoption:
"RESOLUTION AUTHORIZING DEPOSIT OF VILIAGE
SECURITIES WITH CUSTODIAN"
BE IT RESOLVED by the Village Council of the Village of Golden Valley,
Minnesota, as follows:
1. That all securities now or hereafter owned by the Village shall
be deposited with the Golden Valley State Bank as custodian and
that they be withdrawn only on the order of the Village Council, such
order to be evidenced to the Golden Valley State Bank by certified copy
of the resolution authorizing the withdrawl; provided, however, that
nothing herein shall prohibit the disposal of any such securities under
circumstances properly evidenced by book entry.
2. The Clerk shall forthwith deliver to the Golden Valley State Bank
a certified copy of this resolution and receive the receipt of the Bank
therefor.
Ma Wo
Attest:
Vilhag Clerk andAdministrator
The motion for the adoption of the foregoing resolution was duly seconded
by Member Teresi, and upon vote being taken thereon, the following voted
in favor thereof: Bies, Flannagan, Nadasdy, Scherer, and Teresi;
and the following voted against the same: None,
whereupon said resolution was declared duly passed and adopted, signed by
the Mayor, and his signature attested by the Clerk.