HomeMy WebLinkAbout6445 - ADMIN Resolution - City Council - 1979/12/17DECEMBER 17, 1979
8d
RESOLUTION NO. 6445
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 the following additional collateral
to secure deposits of the City:
$50,000 C/Eden Prairie, MN G.O. Bond, 5.70%, due 12/1/91.
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 First National Bank of St. Paul, Minnesota, for safe-
keeping.
Adopted by the City Council December 17, 1979.
Attest:
City- erk
stration: App ved as to form and legality:
eo
Cit Attorney