HomeMy WebLinkAbout4488 - ADMIN Resolution - City Council - 1972/04/17ORIGINAL
RESOLUTION NO.
--4488
APRIL 17, 1972
7C6
RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM FIRST NATIONAL BANK OF HOPKINS, HOPKINS, MINNESOTA
WHERE S, the First National Bank of Hopkins, a City Depository,
has presented as collateral $550,000 as follows:
$525,000 U.S. Treasury Bonds, 4 1/8%, due 2-15-74
$25,000 U.S. Treasury Bonds, 4 1/3%, due 2-15-74
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 Federal
Reserve Bank of Minneapolis, Minneapolis, Minnesota for safekeeping.
Adopted by the City Council April 17, 1972.
Attest:
/AJ�•.41441
y Clerk
Reviewed f
adm' istration:
City Manager
Appr as to form and legality:
City Jftorney