HomeMy WebLinkAbout5497 - ADMIN Resolution - City Council - 1976/04/05APRIL 5, 1976
RESOLUTION NO. 5497
RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM MARQUETTE NATIONAL BANK OF MINNEAPOLIS,
MINNESOTA
WHEREAS, the Marquette National Bank of Minneapolis, a City
Depository, has presented as collateral $50,000 as follows:
$50,000.00 So Dakota Hsg. Dev. Auth.,
8.50%, due 11-1-79
BE IT RESOLVED by the City Council of the City of St. Louis
Park that the Treasurer be authorized to accept said securities as
collateral and that said collateral be deposited with the Federal
Reserve Bank of Minneapolis, Minnesota for safekeeping.
Adopted by the City Council April 5, 1976.
Attest:
CITY CLERK
MAYOR
Reviewed for Administration: Approved as to form and legality:
CITY MANAGER CITY ATTORNEY