HomeMy WebLinkAbout4485 - ADMIN Resolution - City Council - 1972/04/17ORIGINAL
APRIL 17, 1972
7C3
RESOLUTION NO. 1 Q 5
RESOLUTION APPROVING SECURITIES FOR
COLLATERAL FROM MARQUETTE
NATIONAL BANK OF MINNEAPOLIS,
MINNEAPOLIS, MINNESOTA
WHEREAS, the Marquette National Bank of Minneapolis, a
City Depository, has presented as collateral $1,000,000 as follows:
$1,000,000 U.S. Treasury Bills, due 2-28-73
BE IT RESOLVED by the City Council of the City of St. Louis Park
that the Treasurer be authorized to accept said securities as collateral
and that said collateral be deposited with the Federal Reserve Bank of
Minneapolis, Minneapolis, Minnesota for safekeeping.
Atte t:
740'."
Adopted by the City Counc
de4C1/69"
ity Clerk
Reviewed .r ad»nistration:
City Manager
gla��
RC1
Mayor
Appr�tYed as to formnd legality:
Citytorney