HomeMy WebLinkAbout6841 - ADMIN Resolution - City Council - 1981/05/18May 18, 1981
8d
RESOLUTION NO. 6841
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 collateral to secure deposits of the City:
S50,000 City/Maple (rove, MN, G.O. Imp. Bonds, 8.00%, due 2/1/94
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 May 18, 1981
1ayor
Attest:
City Clerk
Reviewed for Administration:
Approved as to form and legality:
City Att- ney