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<br />. <br /> <br />. <br /> <br />. <br /> <br />Resolution 87- <br />Page Two <br /> <br />Section 2. The municipality is hereby authorized to invest its <br />available monies from time to time and to withdraw such monies from <br />time to time in accordance with the provisions of the Declaration of <br />Trust. The following officers and officials of the municipality and <br />their respective successors in office each hereby are designated as <br />"Authorized Officials" with full powers and authority to effectuate <br />the investment and withdrawal of monies of this municipality from <br />time to time in accordance with the Declaration of Trust and pursuant <br />to the Fixed-Rate Investment Service available to Participants of the <br />Fund: City Administrator, and Finance Director. The Clerk shall <br />advise the Fund of any changes in Authorized Officials in accordance <br />with procedures established by the Fund. <br /> <br />Section 3. The Trustees of the Fund are hereby designated as having <br />official custody of this municipality's monies which are invested in <br />accordance with the Declaration of Trust. <br /> <br />Section 4. Authorization is hereby given for members of the Board of <br />Directors of the League of Minnesota Cities to serve as Trustees of <br />the Fund pursuant to the provisions of the Declaration of Trust. <br /> <br />Section 5. State banks, national banks, and thrift institutions <br />located either within or without the State of Minnesota which qualify <br />as depositories under Minnesota law and are included on a list <br />approved and maintained for such purposed by the Investment Advisor <br />of the Fund are hereby designated as depositories of this <br />municipality pursuant to Minnesota Statutes Section 118.005 and <br />monies of this municipality may be deposited therein, from time to <br />time in the discretion of the Authorized Officials, pursuant to the <br />Fixed-Rate Investment Service available to Participants of the fund. <br /> <br />Passed and adopted by the City Council of the City of Elk River, this 23rd day <br />February, 1987. <br /> <br />F;!/;;, j' <br />LA . (,/1; <br />Estelle E. <br /> <br />,.--... i ~ r> <br />-> -., '/ <br />(. -/>~ 1.-~ <br />Gunkel, Mayor <br /> <br />ATTEST: <br /> <br />Z?J R ~~ <br /> <br />Patrick D. Klaers, City Administrator <br />