RES 15-03CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2015-03
RESOLUTION GRANTING CORPORATE AUTHORITY FOR TRANSACTION OF
FINANCIAL BUSINESS MATTERS
WHEREAS, the City of Otsego must, each year, designate specific individuals to transact
financial business, authorizing them to sell, assign, and endorse for transfer various financial
instruments in the regular conduct of City business.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
OTSEGO, WRIGHT COUNTY, MINNESOTA THAT:
Lori Johnson, City Administrator and Daniel Jordet, Administratve Services Director, are
hereby authorized to sell, assign and endorse for transfer certificates representing stocks, bonds
and other investment securities now registered or hereinafter registered in the name of the
municipality.
ADOPTED by the Otsego City Council this 12th day of January, 2015.
MOTION made by Council Member Heidner
Schroeder
CITY OF OTSEGO
ATTEST:
Tami Loff, City Clerk
and SECONDED by Council Member
IN FAVOR: Stockamp, Heidner, Schroeder, Warehime, Darkenwald
OPPOSED: None