HomeMy WebLinkAbout6087 - ADMIN Resolution - City Council - 1978/08/21AUGUST 21, 1978
8d
RESOLUTION NO. 6087
RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM NORTHWESTERN BANKWEST, HOPKINS, MINN.
WHEREAS, the Northwestern Bankwest of Hopkins, a City
depository, has presented as collateral $200,000 as follows:
$200,000 Maryland Dept. of Trans., Ser. 1978,
dated 5-15-78, 5.50%, due 5-15-93; therefore,
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.
Attest:
Adopted by the City Counsh1 August 21, 1978.
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Mayo
• istration: Appyoyed asform and legality: