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City of ORONO <br />RESOLUTION OF THE CITY COUNCIL <br />NO. <br />2563 <br />A RESOLUTION AUTHORIZING THE CITY TREASURER <br />TO DESIGNATE DEPOSITORIES OF CITY FUNDS <br />WHEREAS, the City of Orono Investment Policy has <br />stated guidelines for selecting depositories and investment <br />firms; and , <br />WHEREAS, Minnesota <br />City Council to delegate the <br />depositories of public funds <br />Financial Officer; and <br />State Statutes do authorize the <br />responsibility of designating <br />to the City Treasurer or Chief <br />WHEREAS, the investing of City funds does, on <br />occasion,, occur prior to the formal adoption of the institution <br />as an approved depository. <br />. NOW, THEREFORE BE IT RESOLVED, by the City Council of <br />the City of Orono, Minnesota, that the City Treasurer is hereby <br />authorized to act on the City's behalf to designate additional <br />depositories of City funds upon concurrence of the City <br />Administrator or Acting Administrator and within the guidelines <br />of the City of Orono Investment Policy. <br />Adopted by the City Council of the City of Orono, <br />Minnesota, at a regular meeting held on December 12, 1988. <br />• <br />R. Grabek, mayvr <br />