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<br />. <br /> <br />RESOLUTION 88 - 48 <br /> <br />RESOLUTION DESIGNATING FINANCIAL INSTITUTIONS <br />TO BE USED FOR INVESTMENT OF IDLE CITY FUNDS <br /> <br />BE IT RESOLVED by the City Council, City of Elk River, that the <br />following named Financial Institutions are hereby designated <br />as depositaries for the investment of the idle funds of the <br />City of Elk River, Minnesota: <br /> <br />1. Edward Jones <br />2. Merrill Lynch <br /> <br />BE IT FURTHER RESOLVED that the City Treasurer may recommend that <br />additional institutions be designated for purposes of <br />investing City Funds. <br /> <br />Passed and adopted by the City Council of the City of Elk River <br />this 27th day of June, 1988. <br /> <br />GffJJ!; ~> JL~d <br />Estelle E. Gunkel, Mayor <br /> <br />. ATTEST: <br /> <br />. <br /> <br />QJ R j?~ <br /> <br />Patrick D. Klaers, City Administrator <br />