HomeMy WebLinkAbout6162 - ADMIN Resolution - City Council - 1978/11/06November 6, 1978
81
RESOLUTION NO.
6162
RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM NORTHWESTERN BANKWEST, HOPKINS, MINN.
WHEREAS, the Northwestern Bankwest of Hopkins, a City
depository, has presented as collateral $75,000 as follows:
$75,000 State of Oregon Ser Lv Ore Vet, 5.30%
Welf Bd, dated 7-15-78, due 7-15-90
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 said collateral be deposited
with the Federal Reserve Bank of Minneapolis, Minnesota, for
safekeeping.
Adopted by the City Council November 6, 1978
Attest:
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Reviewed foy administration: Approved as to form and legality:
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