HomeMy WebLinkAbout5915 - ADMIN Resolution - City Council - 1977/12/12DECEMBER 12, 1977
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RESOLUTION NO. 5915
RESOLUTION APPROVING SECURITIES FOR COLLATERAL FROM
NORTHWESTERN NATIONAL BANK OF HOPKINS, HOPKINS, MINNESOTA
WHEREAS, the Northwestern National Bank of Hopkins, a City depository,
has presented as collateral $900,000 as follows:
$100,000 Mpls./St. Paul, MN, Metro Council G. 0. Sewer
Bond, 5%, due 1-1-9n.
$100,000 Ala. Pub. Sch./Coll. Auth. C.I. Bd. Series 0,
5.50%,due 11-1-89.
$100,000 Salt River, Ariz., Proj., Agri. Imp./Power Dist.,
Bd. Issue No. 14, Ser. C, 5%, due 1-1-93.
$100,000 St. of N. Carolina Pub. Imp. Bd., 5%, due 6-1-92.
$100,000 Geo. Edu. Auth. (Schools), Bd. Series 1970 A,
5.50%, due 10-1-92.
$100,000 I11. Bldg. Auth. Rev. Bd., Ser. Jan. 1971, 5.50%,
due 10-1-85.
$100,000 Neb. Pub. Power Dist, Ele. Sys. Rev. Bd., 1976
Series A, 6%, due 1-1-89.
$100,000 Neb. Pub. Power Dist. Power Supply Sys. Rev. Bd.,
1972 Ser., 5.60%, due 1-1-92.
$100,000 Wash. State Motor Veh. Fuel Tax Rev., 1967 Series D-1,
5.60%, due 9-1-90.
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
$900,000 of said collateral be deposited with the Federal Reserve Bank of
Minneapolis, Minnesota for safekeeping.
Attest:
ity Clerk
Reviewed for ad istration:
Adopted by the City Council Decer er 12, 1977.
IFManager
Mayo
Approved as to form and legality:
City Attorney