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19685-3828r~~~ RESOLUTION NQa 3928 RESf7~UTTON DESIGNATING TfI~ RTCI~IEI.D BANt~ & TRUBT COp ~, USI'(}S~".IORX QF PUNA~ .C'~' TI~3 CT'I7~' 4R RTCHPTBLp I~~t THS YI3:AR 1968 ANp APPRQVxN-~ Ct~1.T.A~7~RAT, BE TT RBSQLV~BD by the city eouneii of thc: Ci~y of R~.Ghfi~Zd as fo~iaWS4 -o That' in accordance witk~ ia.w, the Richfie~.d Bank & Trust Cpq be, an¢ -"hereby ie designated a .depository of the funds.of the City of:Richfieido sub«~ Sect to modif ic~tipn and revcaGs:tioc~ at any ti~,e by -said city, and. sub,~ect to the foi~.owing terms and conditions~~ The said depository ehal.~-not be required to give .bQr~ds oar other s~aurities for such deposits provided that the total, sum" tk~~r~~£ sha~•~: nqt at arty time ex.» teed in anp depository the sum for- which' ~:ts deposits aze insured under the Acts of Congress of the United States re a.a.t3.ng tp ~lr~~ua~an~e a~ 'gat~l~ depos~.te o but that ire case such deposits in ahq such depasi#ory sha~.i at any ~~.me exceed such insured sum, said deposit©ry s~sal~ immediately ~uxnish bonds 4x ©ther security for such excess according to law, approved by' the e~,ty council ~sf sa~.d city,. Ths.t said clepositpry sha11 pay on demand ail'deposits therein; .and, sha~,i pay a1I; dime deposits,. at or after the end.+~f the. per~:od, far whicY~ the same sha~,i be deposited,. an. demand.. ~3E TT FURTHER RESDI.VED, that there sha~,~ be maintained a ge~erai account in which shah. be d~positecl all marries not oti~erw~.s~ spe~if3:oaily prpv~:ded fore Cheeks qn t~~.s fund shall, be signed by the following officers or their aiternatess ~~taniey Wp ©ispn, Mayor Alternate Kermit Randalr a, R, Van Rrevelen, Mat~e,ger Ait®rnate I.eo avily Thomas J, Moran, Treasurer Alternate Mildred Mitton BE TT AUR~~t R~SDLVED, the.t cpliatera]. in ~~ amount of $5©©o40Q deposited for safekeeping ~.t the Marquette Nationa~..Eaialk~~of' M~.r~neapoi~•s ~,s hereby approved, Passed by 'the coun~eii of the City of Richfield -this 8th day of January,. 1968a . w ~~~~ ~taniey Wo 41son® Mayor Attests ~~' sS ra11 wi wlw~~ i 4 1 FI IS 9 !a I I I 1 1 4 Tom Moran, City Cierlc 1