HomeMy WebLinkAbout4871 - ADMIN Resolution - City Council - 1973/07/30ORIGINAL
JULY 30, 1973
7A
RESOLUTION NO.4 8 r 1
RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM FIRST NATIONAL BANK OF HOPKINS, HOPKINS,
MINNESOTA
WHEREAS, the First National Bank of Hopkins, a City Depository,
has presented as collateral $1,250,000 as follows:
$250,000 U.S. Treasury Notes, 5 5/8% Due 8-15-74
$1,000,000 Chicago, Illinois, Board of Education Bonds,
4.45%, due 11-15-74
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
and the First National Bank of Minneapolis, for safekeeping.
Attest:
ity Clerk
Adopted by the City Council Ju 30, 1973.
Reviewed for administration:
City Manager
Mayor
Aped as to fo ., d legality:
City % orney