276469 WHITE - CITY CLERK n' � j�""�
PINK - FINANCE � ��Y'l
CANARY - DEPARTMENT G I TY O F SA I NT PA U L COl1i1C11 - jv
BLUE - MAYOR File NO.
uncil Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
RESOLVED, That the following securities
$380,000 10.125% U. S. Treasury Notes, due September 30, 1981
$500,000 9.875% U. S. Treasury Notes, due December 31, 1981
pledged as collateral to protect deposits of public funds of the City of Saint Pau1
with American National Bank of Saint Paul, hereby are suthorized, ratified and
approved, such having been done in conformance with the applicable statutes of the
State of Minnesota.
COUIVCILMEN
Yeas Nays Requestgd by Department of:
Hunt � Finance and Mgmt. Services-Treasu Division
Levine In Favor
Maddox
McMahon B
snoWaiter __ Against Y —
Tedesco
Wilson
�R 5 ��, Form Approved by t Atto ey
Adopt y Counci . Date
C rtified •sed b� . cretary BY
B} _
Approv y ayor: Date � »ol App by Mayor for Submi io to oIIincil
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By _ BY
Ptt��.lst�� MAP 1 4 198� �
,
" OM Ol: 12/2975 '
, � . itev.: 9 $/lfs
� F,�t�P�. � $��-�`�
EXPLANATION OF AD�tINISTRATIVE ORDERS, ��
' RESO�LUTIONS, AND ORDINANCES �
.. RE�EIVED
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Datte: Februsry 10, 1981 �'�� a 7�981 � � FEB 1 1 �9$�
`' �- `���«���'� , � TY AT�ORfi�FY
TO?: MAYOR GEORGE LATIMER ` ,
FR� 6ary lt. Norstrem, Dept. of Finaace � Mgat. Services` ��
`���� :
; �.
RE�: COUNCiL RESOLV�IONS APPItQVING CO�I.LATERAL .
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c����c� oF r+�£ o���croR
C�'-'PARTfiAENT OF FEIy�N�
A Itkl �EQUESTED• �
� +� �uv,+c,�n��
i Tha passa�e of the att�tcl�ed resolutions spprov�a ths se:c�riti�s p.led�ed
$ br � deaigaated banks ta protect f�mda nf th� Citq of Saint ��ul ah�l�"' `=-
held in.said banke.
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Ptl�� A�ifl �ATIONALE FOR THIS ACTION: • �
k811 1I8 requires collaCeral to protect �lic ftmds and �ets aut s-�rro��l�re
, to bs f�llo�d ia the handling of aaid co1l�rEexal incleding the re�ciirs�t
. ; of appr+etiral by the $c�v�eraing body. `
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�Cl�81i'PS: , .
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� T�o Prop�aed Com�cil Resolu�tioas.
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