HomeMy WebLinkAbout86-82 - ADMIN Resolution - City Council - 1986/06/16June 16, 1986
8h
RESOLUTION NO. 86_82
RESOLUTION APPROVING SECURITIES FOR COLLATERAL FROM
CITIZENS STATE BANK, ST. LOUIS PARK, MINN.
WHEREAS, the Citizens State Bank of St. Louis Park, a City depository,
has presented the following collateral to secure deposits of the City:
$500,000 U. S. Treasury Notes, 12.5%, due 5-15-87
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 Marquette Bank of
Minneapolis, Minnesota, for saiekeegng,
Adopted by the City Council, June 16, 1986
Attest:
Reviewed for Administration: Approved as to form and legality:
:VVI �.' •
ty Manager City Attorney