HomeMy WebLinkAbout6249 - ADMIN Resolution - City Council - 1979/04/16April 16, 1979
RESOLUTION NO. 6249
RESOLUTION APPROVING SECURITIES FOR
COLLATERAL FROM AMERICANA STATE BANK of
EDINA, EDINA, MINNESOTA
WHEREAS, the Americana State Bank of Edina, a City depository,
has presented as collateral $350,000 as follows:
$100,000 MN Housing Finance Agency, 5.7%, due 2-1-93
$100,000 Mahtomedi, MN, IDS 11832, 5%, due 2-1-88
$100,000 Eden Praire, MN, IDS 11272, 5%, due 3-1-92
$ 50,000 So. Dakota Hsg. Dev. Auth., 5%, due 4-1-89
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 Northwestern National Bank
of Minneapolis, Minnesota,for safekee•ing.
Adopted by the City Coun 11 April 1 , 1979
Mayo
Attest:
£Jth. 6:4LIA4W10,t/
City Clerk
Revie ed fo :i.ministration: Approved as to form and legality:
‘11 i� fit/
Ci:! re ITge�r� City ttorney