HomeMy WebLinkAbout6045 - ADMIN Resolution - City Council - 1978/06/19June 19, 1978
8d
RESOLUTION NO. 6045
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 $200,000 as follows:
$200,000 State of Delaware Capital Imp. Bond, 6.50%, due 7x15-86
BE IT RESOLVED by the City Council of the City of St.Louis Park
that the Treasurer be authorized to accept said securitjes as'collateral and
that said collateral be deposited with the Federal Reserve Bank of Minneapolis,
Minnesota for safekeeping.
est:
Adopted by the City Co cil June 19, 1978.
City Clerk
Re, ' ew_-d for ad nitration:
Manager
Mayo
Appr ve as to form legality:
City Ay 5r/LE'4/14.--