HomeMy WebLinkAbout4877 - ADMIN Resolution - City Council - 1973/08/06ORIGINAL
AUGUST 6, 1973
7E
RESOLUTION NO. 4877
RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM PARK NATIONAL BANK OF ST. LOUIS PARK,
ST. LOUIS PARK, MINNESOTA
WHEREAS, the Park National Bank of St. Louis Park, a
City Depository, has presented as collateral $100,000 as follows:
$50,000 I.S.D. #271 Sch. Bldg. Bonds, 5.75%, due 2-1-84
$50,000 I.S.D. #271 Sch. Bldg. Bonds, 5.90%, due 2-1-90
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 August 6, '73.
JLA16WALA
y Clerk
Reviewed for administration:
City Manager
Approved as to form and legality:
City torney