HomeMy WebLinkAbout84-109 - ADMIN Resolution - City Council - 1984/07/16IL
July 16, 1984
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RESOLUTION NO. 84-109
RESOLUTION APPROVING SECURITIES FOR COLLATERAL FROM
SHELARD NATIONAL BANK, ST. LOUIS PARK, MN.
WHEREAS, the Shelard National Bank of St. Louis Park, a City depository,
has presented the following additional securities totaling $200,000 as
collateral to secure deposits of the City:
$100,000 FNMA Notes, 10.90%, due 12/10/87
$100,000 Anchorage, Alaska, Municipal, 11.25`/0, due 6/01/01
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 July 16, 1984
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Mayo
Att st:
City Clerk
Reviewed for Administration: Approved o f rm aZ
al y:
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ity Manager City Att rney