HomeMy WebLinkAbout88-53 - ADMIN Resolution - City Council - 1988/05/16May 16, 1988
8b
RESOLUTION NO. 88-53
RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM PARK NATIONAL BANK, ST. LOUIS PARK, MINN.
WHEREAS, the Park National Bank of St. Louis Park, a City depository,
has presented the following collateral to secure deposits of the City:
$1,000,000 Federal Home Loan Bank, 6.60%, due 11-27-89
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 May 16, 1988
Mayo
Attest:
Reviewed for Administration:
x,i,g4J
Approved as to form and execution:
RESOLUTION NO.
May 16, 1988
8b
RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM PARK NATIONAL BANK, ST. LOUIS PARK, MINN.
WHEREAS, the Park National Bank of St. Louis Park, a City depository,
has presented the following collateral to secure deposits of the City:
$1,000,000 Federal Home Loan Bank, 6.60%, due 11-27-89
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 May 16, 1988
Mayor
Attest:
City Clerk
Reviewed for Administration: Approved as to form and execution:
City Manager City Attorney
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