HomeMy WebLinkAbout86-27 - ADMIN Resolution - City Council - 1986/02/18f
February 18, 1986
RESOLUTION NO. 86-27
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:
$200,000 Blaine, Mn. G.O. Tax Inc. Bonds, 8.50%, due 2/01/2006
BE IT RESOLVED by the City Council of the City of St. Louis Park that
the Treasurer by 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 February 18, 1986
6/L)
May
Attest:
Reviewed for Administration:
Approved as to form and legality:
y Manager City Attorney