274905 WHITE - CI7V GLER1( COUI1C11 � • ����
PINK - FINANCE G I TY OF SA I NT P'AIT L t
CANARV - DEPARTMENT
BLUE - MAVOR . Flle NO.
� Council Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
RESOLVED, That the following securities
,
$1,000,000 9.125% U. S. Treasury Notes, due June 30, 1981
pledged as collateral to protect deposits of public funds of the City of
Saint Paul with Northwestern National Bank of Saint Paul, hereby is authorized,
ratified and approved, such having been done in conformance with the applicable
statutes of the State of Minnesota.
.
COU[VCIL.MEN Requested by Department of:
Yeas Nays �
Hoaa Finance d M Services-Treas D vision
Hunt [n Favor
Levine � p _
Maddox B �/ �`'�'� �
McManon __ Against
Showalter
� M� � 3 1984
Form Approv by C' orney
Adopted by Council: Date — !
Certified � d by Cou 1 S ta BY ;
sy � , �/ ��'�
Approved b . avor: Date _ �~� � App ved by or for mission to Council
BY - -��-�" �"� gy '�.-�.�
l�IRUStjEO MAY 2 � 1980
�. _
,. ;
: w ` � QZ: IZJj.9��
Re'i/.: 9�$/76
�4�05
EXP'iANATI�N OF AD�tI1+1ISTItATIVB ORDERS, ',
�
�SaI,UTiONS, AND �BDTNAIiCSS -=�
�ECE �yE� .
' Date: ��ril 28, 1980 MA'� � '" 1��
���� �
TO: _ ' MAYO�. GEORGE LAT7k�1t �
� FB: Giry x. �orstrem, Dept. of Finance � Mgmt. Service• ,�
, , , �
�8:. COU�TL RESO�i.[TPION APPRONII� CO�LLATERAL
� �
i
: �;
_ ;
;;
= G
?,
A�Zt��U�S„�TED: - k:
_ ��
�
Tht pae4age of the attached resolution 'approves' the ss��trities piedged :
by. th� designated bsnt to ptcotect fuadb of the City of Sai�it P�ul �►hile �
held in said bank.
, �
. t. .
_ �
a
. �
�
��L� 1�ND RATIONALE FOR TAIS ACTI4N: �
,.
MSA 118 reQ�irns collat�ral to protect �►ublic iunds and eets ont a procrdu�e �
a. : to t�e fo1la+�ed in the handling of sai,d collateral including tiie requir�roese� `
' a►f. ap�roval bp tbe governing bodq. � i
(: .
�
�
_ , � ,^
�
., �
A1TAC1�tENT$: � .:
r;- ,; • , _ ,
, � ..,
. . : ;, i
Propc:sed Council Resolution. � ,,,
t: :
,,;
y
.., j,
_ i
. �
_ �
�
_ . � . , �"