HomeMy WebLinkAbout6999 - ADMIN Resolution - City Council - 1981/11/02RESOLUTION NO.
6999
November 2, 1981
8c
RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM PARK N,4TIONAL BANK, ST. LOUIS PARK, MN.
WHEREAS, the Park National Bank of St. Louis Park, a City depository,
has presented the following securities as collateral to secure
deposits of the City:
$85,000 Minnesota HFA, 8.00°x, due 7/1/82•
RE 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 Federal
Reserve Bank of Minneapolis, Minnesota, for safekeeping.
Adopted by the City Council Nov. 2, 1981
Attest:
.ity C erk
Reviewed for administration: Approved
iikkiwuwler Ae-af
y Manaoer City Attorney
as to fprm and legality: