HomeMy WebLinkAbout4490 - ADMIN Resolution - City Council - 1972/04/17ORIGINAL
APRIL 17, 1972
7C
8
RESOLUTION NO.
4490
RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM AMERICANA STATE BANK OF EDINA, EDINA, MINNESOTA
WHEREAS, the Americana State Bank of Edina, a City Depository,
has presented as collateral $850,000 as follows:
$750,000 Federal National Mortgage Assn., 6.125%, due 9-10-73
$100,000 Federal National Mortgage Assn., 6.7597, due 6-12-73
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.
Attest:
ity C rk
Adopted by the City Council April 17, 1972.
Mayor LO
Revi- = ��-d' 'istration: Approved as to form and legality:
City Manager
City torney