276895 WHITE - CITY CLERK
PINK - FINANCE ��C[>(��
CANARY - DEPARTMENT C I T Y O F S A I N T PA U L COUIICII Uvif
BLUE - MAYOR File N O.
� Council Resolution
Presented B��
Referred To Committee: Date
Out of Committee By Date
RESOLVED, That the following securities
$300,000 U. S. Treasury Bills, due July 16, 1981
pledged as collateral to protect deposits of public funds of the City of
Saint Paul with the Summit National Bank of Saint Paul, hereby are
authorized, ratified and approved, such having been done in conformance �
with the applicable statutes of the State of Minnesota.
COUIVCILMEIV Requestgd by rtment of:
Yeas Nays
Hunt Fina and . Services-Treas y Division
Levine �R FBVOI
MIeE�x �
McMahon .�/,�,�
snowa�ter __ Against B `"`` �`
'i�ees�e
Wilson �AY 21 1981
Adopted by Council: Date Form Approved by Cit At o e
Certified Yass���cil Secretar r BY
By. ��' G� �� �
Y Ap o e y Mayor f6r bm i �o ouncil
Approved by :Vlavor: Date �� 2 2 1961
By _ ,�!�l�il1� B
PUBLISNED M AY 3 0198i
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EXPI,AN.A'Z'�ON OF ADM�ItSTR71T�VE ORT�k�RS, F�v. : 4 3.f�;,/63 :
.RESOLU7'IC�hS A�3D ORBSPI�'1?titCES F,/�'l� 'L t�-���;c� '
� � RECEIV t� ���:
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� ��t�: � �� �i, r9s� , � MAY 12198t `
_ - . _ CITY ATT4RI�EY .
: TO t MAYOR �01t;GE �.I�TIl1ER
,, , ,:;
�'Rnl�i;� Garq �. Norstrem, Dept. of Finaac� � Mg�at.. S�rvi�es i�� ,�
� g�; �OU�fGIL� REStyLUTION APPROVING C07.LATERAL -
• . <S�/'�
1�1CTTON REQUES`I`ED: � ��/Y1 � • o
i _ C�''�}(�'`�'
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� The passa� of the attached r�aolution aPProves the �+curities pledged, -
by Sum�„� National Bank to protect funda`of the Citp of Saint Panl' � -
�ahile held ia said banlc. : '
PU12PnSE AND �2ATI4NALE FOR THIS ACTION:
. MSI� 118 requires col:lateral to ;�protect pnblic' funds aad seta out a �
� pre�c�dure to be $ollawed in the handlin$ of said cellateral �iaElucling
; �he �equ�,��e�tt`of, approval �q the gaivernf.ag body.
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