HomeMy WebLinkAbout6855 - ADMIN Resolution - City Council - 1981/06/01June 1, 1981
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RESOLUTION NO. 6855
RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM AMERICANA STATE BANK OF EDINA, EDINA, MINN.
WHEREAS, the Americana State Bank of Edina, a City depository, has
presented 4150,000 as collateral securities described as follows:
$50,000 Hennepin Cty., MN, 1st Mtge. Rev. Center Bond, 5.75%
due 7/1/83
$100,000 Isanti Cty.,MN, Hospital Bond, 6.50%, due 11/1/94
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 Northwestern National
Bank of Minneapolis, Minnesota, for safekeeping.
Adopted by the City Council June 1, 1981
Attest:
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City Clerk
Reviewed for Administration:
Approved as to form and legality: