HomeMy WebLinkAbout7049 - ADMIN Resolution - City Council - 1982/01/18January 18, 1982
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RESOLUTION NO. 7049
RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM MIDLAND NATIONAL BANK, ST. LOUIS PARK, MN
WHEREAS, the Midland National Bank of Minneapolis, a City depository,
has presented the following securities as collateral to secure de-
posits of the City:
$400,000 U.S. Treasury Notes, 8.25%, due 6/30/82
BE IT RESOLVED by the City Council of the City of St. Louis Park
that the Treasurer be authorized to accept said securities as co-
llateral and that said collateral be deposited with the North-
western National Bank of Minnapolis, Minnesota, for safekeeping.
Adopted by the City Council Jan. 18, 1982
Agdzx_a_Lee
Mayor
Attest:
Reviewed for,Administration: Approved as to form and legality:
T-ITAttorney