HomeMy WebLinkAbout7452 - ADMIN Resolution - City Council - 1983/08/15August 15, 1983
8d
RESOLUTION NO. 7452
RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM F &M MARQUETTE NATIONAL BANK, MINNEAPOLIS, MN.
WHEREAS, the F & M Marquette National Bank of Minneapolis a City
depository, has presented the following securities as collateral to
secure deposits of the City:
$125,000 Federal Home Loan Mortgage Bank, 167, due August 27, 1984
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 Federal Reserve Bank
of Minneapolis, Minnesota, for safekeeping.
Adopted by the City Council August 15, 1983.
Attest:
ZAAPg
City Clerk
Reviewed for Administration:
Approved as to form and legality:
ity Manager City Attney