HomeMy WebLinkAbout4486 - ADMIN Resolution - City Council - 1972/04/17ORIGINAL
RESOLUTION NO. .4486
RESOLUTION APPROVING SECURITIES FOR
COLLATERAL FROM FIRST WESTERN STATE
BANK OF ST. LOUIS PARK, MINNESOTA
APRIL 17, 1972
7C4
WHEREAS, the First Western State Bank of St. Louis Park, a City
Depository, has presented as collateral $1,015,000.00 as follows:
$260,000.00 U.S. Treasury Notes, Ser. D., 73%, due 5-15-74
$225,000.00 U.S. Treasury Notes, Ser. E., 5%, due 8-15-72
$530,000.00 U.S. Treasury Notes, Ser. A., 63/4%, due 2-15-78
BE IT RESOLVED by the City Council of the City of St. Louis Park,
Minnesota, that the Treasurer be authorized to accept said securities
as collateral and that said collateral be deposited with the
Northwestern National Bank of Minneapolis, Minneapolis, Minnesota
for safekeeping.
Adopted by the City Council A
Rev_.
City Manager
inistration:
ril 17 1972.
Mayor
Apprpved as to form and legality:
City y• orney