HomeMy WebLinkAbout5460 - ADMIN Resolution - City Council - 1976/01/19otibt
January 19, 1976
RESOLUTION N0. ;5460
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 $300,000.00 as follows:
$300,000.00 U.S. Treasury Bills, dtd. 12/11/75, due 6/10/76
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 January 19, 1976
Mayor
Attest:
City Clerk
Reviewed for administration: Approved as to form and legality:
City Manager City Attorney