HomeMy WebLinkAbout5971 - ADMIN Resolution - City Council - 1978/03/20March 20, 1978
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RESOLUTION NO. 5971
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 $375,000 as follows:
$200,000 Maryland Dept. of Trans., Cons Trans Bd Ref Ser 1978, 5.375%, due 2-15-93
$135,000 Gainesville, Ga, Water and Sewer Revenue, 5.5%, due 10-1-95
$ 40,000 Nebraska Public Power District Revenue, 4.70%, due 1-1-84
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 March 20, 1978.
Attest:
Reviewed for adminis
rati
City anger
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Approved as to form and legality:
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City A orney