R09-03

RESOLUTION DESIGNATING DEPOSITORIES

RESOLVED that the following lending institutions be and are hereby designated as depositaries of Borough funds:

1st Colonial National Bank, Collingswood, NJ

New Jersey Cash Management Fund

TD Bank NA, Cherry Hill, NJ                

APPROVED:

ATTEST:

                                                                                    FRANK M. NORTH

                                                                                    Mayor

DENISE L. BROUSE

Borough Clerk

January 2, 2009