HomeMy WebLinkAbout6208 - ADMIN Resolution - City Council - 1979/01/15REPLACEMENT
January 15
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RESOLUTION NO. 6208
RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM NORTHWESTERN BANKWEST,,, 'HOPKINS', MINN.
1,979
WHEREAS, the Northwestern Bankwest of Hopkins, a City depository, has
presented as collateral $100,000 as follows:
$50,000 U.S. Treasury Notes, 6.75% , due 5-15-80
$50,000 Appleton, Wisc. G.O. Bonds, 5.3'Z, due
12-1-90
BE IT RESOLVED by the City Council of,the City of ,St. LouisPark.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 January 15, 1979.
Attest:
Reviewed for administration:
Pre ident Pro Tem
' Approved as to form and 1egali
ty:
City Attforn'ey