HomeMy WebLinkAbout89-112 - ADMIN Resolution - City Council - 1989/08/07i
August 7, 1989
8a
RESOLUTION NO. 89-112
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:
$1,000,000 Federal Home Loan Banks, 9.80%, due 4-25-90
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 Bank National
Association, Minneapolis, Minnesota, for safekeeping.
Attest:
City Cl
Adopted by the City Council August 7, 1989
Mayo
/01„,c,
Reviewed for Administration: Approved as to form and execution:
City Manager City Atto