HomeMy WebLinkAbout6387 - ADMIN Resolution - City Council - 1979/10/02October 2, 1979
8a
RESOLUTION NO. 6387
RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM SHELARD NATIONAL BANK, ST. LOUIS PARK, MINN.
WHEREAS, the Shelard National Bank of St. Louis Park, a
City depository, has presented as collateral $100,000 as follows:
$25,000 Mounds View, MN, ISD #621, 3.90%, due 3-1-87
$25,000 Wayzata, MN, ISD #284, 4.10%, due 2-1-88
$25,000 Wayzata, MN, ISD #284, 4.10%, due 2-1r$7
$25,000 Orono, MN, ISD #278, 4.10%, due 12-1-85
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 First National Bank of St. Paul, Minnesota, for
safekeeping.
Adopted by the City Council October 2, 1979.
Attest:
r-X142i44-14Q-0-%-
City Clerk
Reviewed for administration: Approved as to form and legality:
Irl
11W14 /�
"Y Manager Cit Attorney