HomeMy WebLinkAbout6742 - ADMIN Resolution - City Council - 1980/12/29r
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December 29, 1980
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RESOLUTION NO. 6742
RESOLUTION APPROVING SECURITIES
FOR COLLATERAL FROM
SHELARD NATIONAL BANK OF ST. LOUIS PARK,
MINNESOTA
WHEREAS, the Shelard National Bank of St. Louis Park, a City
Depository, has presented as collateral $75,000.00 as follows:
$25,000 City/Mpls., MN G.O. Imp. Bds., 7.70%, due 11/1/93
$25,000 City/Mpls., MN G.O. Imp. Bds., 7.90%, due 11/1/94
$25,000 City/Mpls., MN G.O. Imp. Bds., 8.00%, due 11/1/96
BE IT RESOLVED by the City Council of the City of St. Louis
Park, Minnesota, that the Treasurer be authorized to accept said se-
curities as collateral and that said collateral be deposited with the
First National Bank of St. Paul, Minnesota for safekeeping.
Adopted by the City Council December 29, 1980
Attest:
g„ikAt
City Clerk
Reviewed for administration: Reviewed as to form and legality:
C,41
Mayor/
<43:
City Manager
City Attorney