HomeMy WebLinkAbout5440 - ADMIN Resolution - City Council - 1975/12/15DECEMBER 15, 1975
8C--
RESOLUTION NO, 5440
RESOLUTION APPROVING SECURITIES FOR
COLLATERAL FROM SHELARD NATIONAL
BANK OF ST. LOUIS PARK, MINNESOTA
WHEREAS, the Shelard National Bank of St. Louis Park, a City
Depository, has presented as collateral $100,000.00 as follows:
$100,000.00 Federal Land Banks, dtd, 4/21/75, 7.450, due
1/20/77
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 First National Bank of St. Paul, Minnesota for safe-
keeping.
Adopted by the City Council December 15, 1975.
Mayor
Attest:
City Clerk
Review-. for administration: Approved as to form and legality:
er City Attorney