HomeMy WebLinkAbout4489 - ADMIN Resolution - City Council - 1972/04/17ORIGINAL
APRIL 17, 1972
7C7
RESOLUTION NO. 4489
RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM FIRST PLYMOUTH NATIONAL BANK OF MINNEAPOLIS,
MINNEAPOLIS, MINNESOTA
WHEREAS, the First Plymouth National Bank of Minneapolis, a
City Depository, has presented as collateral $200,000.00 as follows:
$200,000 U.S. Treasury Notes, 6 1/4% 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 Federal
Reserve Bank of Minneapolis, Minneapolis, Minnesota for safekeeping.
Adopted by the City Council A
Review
nistration:
App,:ved as to form
ity Manager City
d legality:
torney